000			01571nab a2200265 c 4500
999			_c141430 _d141430
003			ES-MaIEF
005			20191126124223.0
007			ta
008			191126s2019 gw ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_942346 _aArachi, Giampaolo
245		4	_aThe role of taxes in earnings management _bevidence from writedowns of long - term equity investments _cGiampaolo Arachi and Valeria Bucci
260			_c2019
500			_aResumen.
504			_aBibliografía.
520			_aThis paper provides new empirical evidence on the role of taxes in discretionary asset writedowns. By focusing on a class of assets that has not been analyzed by prior research, namely long-term equity investments, and by exploiting exogenous changes in tax legislation in Italy, we are able to disentangle the influence of taxes on the decision to write down and on the magnitude of a writedown, conditional on taking the decision to write down. We find that taxes affect the timing of discretionary writedowns but not their magnitude. Consistently with this pattern, we also find that tax-driven opportunistic reporting does not significantly alter the effective tax burden of firms.
650		4	_945680 _aIMPUESTO DE SOCIEDADES
650		4	_950214 _aACTIVOS FINANCIEROS
650		4	_943879 _aINVERSIONES EMPRESARIALES
650		4	_948026 _aPLANIFICACION FISCAL
700	1		_967658 _aBucci, Valeria
773	0		_9161311 _oOP 207/2019/3 _tFinanzArchiv _w(IEF)21244 _x 0015-2218 _g v. 75, n. 3, September 2019, p. 229-265
942			_cART