The Information Content of Valuation Allowance of Deferred Income Tax Assets－An Investigation of the Effect of 2009 Taiwan Tax Code Revision

• Main Authors: Pei-Hsuan Lin, 林沛瑄
• Other Authors: Jia-Xun Jiang
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/70581212893707668213

碩士 === 輔仁大學 === 會計學系碩士班 === 101 === The literature study pointed out that the deferred tax assets valuation allowance to be able to pass the information content to investors, management authorities also able to manage earnings through accounting valuation allowance discretion. This study to the Income Tax Act of 2009 revised annual Taiwan listed companies as samples, and would like to know the company management authorities in the tax law amendments, deferred income tax assets are required to re-evaluate the timing of the possibility of its realization, management authorities evaluate whether through discretionary allowance pass messages or to manage earnings in order to avoid loss. The empirical results are as follows:(1)discretionary valuation allowance to test whether the valuation allowance pass messages reaction is, deferred income tax assets valuation allowance was negatively correlated with future performance, to pass messages reaction, although its future performance indicators, marker indicators significance is not high, its accounting indicators CFO is significant; (2)discretionary valuation allowance is further divided into divided to test third-class, more in the valuation allowance set aside part of the future performance was negatively correlated with pass messages reaction, but a positive correlation with the surplus variables, poor corporate governance, management authorities tend to manage earnings in order to avoid losses; better set of corporate governance, discretionary prepare mentioning evaluations Provision and accounting indicators of future performance is negatively correlated surplus variable does not match the expected in good corporate governance, the management of the valuation allowance will be as the tool of passing messages.