000			01817nab a2200265 c 4500
003			ES-MaIEF
005			20190816110636.0
007			ta
008			190508t2019 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_967229 _aBalakrishnan, Karthik
245		0	_aTax aggressiveness and corporate transparency _c Karthik Balakrishnan, Jennifer L. Blouin, Wayne R. Guay
260			_c2019
500			_aResumen.
520			_aWe investigate whether aggressive tax planning firms have a less transparent information environment. Although tax planning provides expected tax savings, it can simultaneously increase the financial complexity of the organization. And to the extent that this greater financial complexity cannot be adequately clarified through communications with outside parties, such as investors and analysts, transparency problems can arise. Our investigation of the association between tax aggressiveness and information asymmetry, analysts' forecast errors, and earnings quality suggests that aggressive tax planning is associated with lower corporate transparency. We also find evidence that managers at tax-aggressive firms attempt to mitigate these transparency problems by increasing various tax-related disclosures. Overall, our results suggest that firms face a trade-off between tax benefits and financial transparency when choosing the aggressiveness of their tax planning.
650		4	_943504 _aSOCIEDADES
650		4	_948026 _aPLANIFICACION FISCAL
650		4	_948593 _aTRANSPARENCIA FISCAL
650		4	_943410 _aELUSION FISCAL
700	1		_936075 _aBlouin, Jennifer L.
700	1		_967230 _aGuay, Wayne R.
773	0		_9160227 _oOP 698/2019/1 _tThe Accounting Review _w(IEF)69008 _x 0001-4826 _g v. 94, n. 1, 2019, p. 45-69
942			_cART
999			_c140571 _d140571