Gestão tributária como determinante na retenção de caixadissertation
Аннотация: The management, creation and use of cash is one of the most important economic and financial decisions for the management of companies (GREEN and KERR, 2022).In previous research, it was identified that, in Brazil, the main ways to obtain resources are through the cash flow generated operationally, external financing, such as bank credit or credit from financial institutions, and through the shares issuance (MCLEAN, 2011;CHALHOUB, 2015).The factors that determine the liquidity of a company's cash was a question raised by Wang (2015), and to answer it, according to the author, there is little evidence from the tax point of view.What this research, in particular, seeks to understand is how tax management fits as a cash determinant in publicly traded companies operating on the national scene.Thus, the research aimed to analyze whether tax management was a determinant in cash holding, from 2010 to 2021 in companies with shares traded on the Brazil Stock Exchange.For this, a regression model was used with panel data with random effects, collected in the Economática database.The research is classified as quantitative, since it worked with data and statistical methodologies that allowed measurement and testing.The results showed that tax management is configured as a cash determinant, confirming the hypotheses formulated.In addition, it was found that the national scenario, with the permissibility of organizations to use tax management, for the legal term for their payment, deferral and/or postponement for release, allowed companies to obtain a new determinant of their cash, and consequent generation of resources internally.
Год издания: 2022
Авторы: André Tadeu Stocco Golanda
Ключевые слова: Corporate Taxation and Avoidance, Taxation and Compliance Studies, Corporate Finance and Governance
Открытый доступ: bronze