Função mediadora e moderadora da governança corporativa na relação entre planejamento tributário e divulgação de impostos
DOI:
https://doi.org/10.11606/issn.1982-6486.rco.2023.212129Palavras-chave:
Governança corporativa, Normas contábeis, Divulgação voluntária, Legibilidade da divulgação, Finanças corporativasResumo
Este estudo analisa os efeitos moderadores, mediadores e diretos dos mecanismos de proxy de governança corporativa (GC) na relação entre planejamento tributário (PT), medido pelos componentes da taxa efetiva de imposto, e divulgação de impostos (DI). Testamos as hipóteses usando uma regressão hierárquica de 4 etapas com empresas não financeiras listadas na Malásia, usando uma amostra balanceada de 858 observações. Descobrimos que as empresas avaliam positivamente suas atividades de PT. A inspeção das implicações dos mecanismos de GC como moderação na associação PT-DI mostrou a ausência de uma constante importante correlacionada a qualquer uma das variáveis interativas. Isso dificulta entender a natureza dessa relação. Os resultados ilustram o impacto mediado alto e significativo da remuneração do conselho de administração (BCOMS) na associação PT-DI. Estudamos ainda a sensibilidade dos resultados e os resultados foram examinados quanto à robustez e à força da especificação do modelo usando estimadores de efeito OLS e à ausência de fatores relacionados ao PT. Esses resultados dos testes não mostram efeito na associação PT-DI. Este estudo mostra que as empresas tentam evitar a tributação tanto quanto possível ao divulgar informações fiscais relevantes. Esses resultados sugerem que as empresas expressam um trade-off entre vantagens fiscais e DI ao escolher seu PT. Isso subsidia significativamente o argumento sobre DI em relação ao "cumpra ou explique", conforme o Código de GC propõe.
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