Banca de DEFESA: ISABELA DE ARAUJO BERNARDO DOS SANTOS

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : ISABELA DE ARAUJO BERNARDO DOS SANTOS
DATE: 14/07/2023
TIME: 15:00
LOCAL: meet.google.com/jih-xbtc-fda
TITLE:

LEVEL OF DIRECT AND INDIRECT TAX PLANNING, COMPANY VALUE AND LIFE CYCLE: EVIDENCE IN THE BRAZILIAN ENVIRONMENT.

KEY WORDS:

Tax planning; Company value; Lifecycle stages.

PAGES: 73
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

Tax planning has been the main business strategy to reduce the tax burden, given the high tax burden offered to Brazilian taxpayers. This discussion has been intensifying after the financial crisis of 2008 until today, so that companies need to adopt a tax behavior that is capable of bringing benefits that outweigh the costs involved in this process. Thus, based on the agency theory and the organizational life cycle theory, this work aims to analyze whether, in the Brazilian environment, the planning of direct and indirect taxes and the life cycle stages influence the value of the company. The data used in the research refer to the period from 2010 to 2021, and were collected from the Refinitiv Eikon platform and from the financial statements disclosed by publicly traded companies listed on Brasil, Bolsa, Balcão (B³). As a data treatment technique, it was decided to use Regression with Panel Data, because the database presents characteristics of a cross-section and time series. Based on the results obtained in the estimation of models (FE-LSDV) with balanced data, the hypothesis that the level of tax planning influences the value of the company was partially confirmed. And that only the introduction stage positively influences the value of the company. In an additional analysis, it was also possible to verify that the presence of the RTT decreases the firm value of the Brazilian publicly traded companies in the sample. And the interaction between tax planning and the Covid-19 pandemic did not show a cause and effect relationship in the value of publicly traded Brazilian companies in this sample.

COMMITTEE MEMBERS:
Presidente - 1561014 - ADILSON DE LIMA TAVARES
Interno - 2814007 - RENATO HENRIQUE GURGEL MOTA
Externo à Instituição - ROBÉRIO DANTAS DE FRANÇA - UFPB