Last chance for a big bath: managing deferred taxes under IAS 12 in Brazilian listed firms

Last chance for a big bath: managing deferred taxes under IAS 12 in Brazilian listed firms

ABSTRACT This study investigates whether Brazilian loss-making firms manage deferred income tax as a form of big bath strategy. "Big bath” is a strategy in which a firm manages earnings by intentionally recording large non-recurring losses. We found original evidence supporting the hypothesis o...

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Bibliographic Details
Main Authors: Alex A. T. Rathke, Amaury José Rezende, Rafael Moreira Antônio, Marcelo Botelho C. Moraes
Format: Article
Language:English
Published: Universidade de São Paulo 2019-03-01
Series:Revista Contabilidade & Finanças
Subjects:
earnings management
big bath
deferred taxes
IAS 12
CPC 32
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1519-70772019000200268&lng=en&tlng=en

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