Por favor utiliza este link para citar o compartir este documento: http://repositoriodigital.academica.mx/jspui/handle/987654321/8907
Título: Planeación fiscal: importancia y fundamento constitucional
Fecha de publicación: 10-Sep-2011
Editorial: Facultad de Contaduría y Administración
Descripción: IN THIS STUDY, THE VALUE RELEVANCE OF MEXICAN ACCOUNTING VARIABLES IS TESTED UNDER ECONOMETRIC TERMS. THE AIM OF THE STUDY IS TO PROVIDE EVIDENCE OF THE ABILITY OF MEXICAN ACCOUNTING NUMBERS TO SUMMARIZE THE INFORMATION UNDERLYING STOCK PRICES. THE ACCOUNTING VARIABLES USED ARE FROM COMPANIES LISTED IN THE MEXICAN STOCK MARKET FROM 1991 TO 2003. THE VALUE RELEVANCE WAS OPERATIONALIZED USING THE OHLSON MODEL CRITERIA (1995) FROM THE MARKET-BASED ACCOUNTING RESEARCH FIELD. THE METHODOLOGY EMPLOYED IS THAT DESCRIBED BY COLLINS, MAYDEW, AND WEISS (1997). THE ECONOMETRIC RESULTS SHOW THAT, UNDER PANEL DATA ANALYSIS, BOOK VALUE AND EARNINGS ARE VALUE RELEVANT IN MEXICAN STOCK MARKET COMPANIES, AND ONLY THE BOOK VALUE IS VALUE RELEVANT UNDER ORDINARY LEAST SQUARED REGRESSION ANALYSIS. IN ADDITION TO THE OHLSON MODEL RESULTS, AN ALTERNATIVE MODEL IS PRESENTED AS A BETTER PROXY OF THE VALUE RELEVANCE OF THE CHARACTERISTICS OF MEXICAN INFORMATION. THE OPERATIVE CASH FL OW VARIABLE PER SHARE WAS IDENTIFIED AS THE THIRD VARIABLE TO BE CONSIDERED, AND TOGETHER WITH BOOK VALUE AND EARNINGS, CONSTITUTES THE ALTERNATIVE MODEL. THE PROPOSED ALTERNATIVE MODEL WAS TESTED UNDER THE FULL-SAMPLE AND INTANGIBLE VERSUS TANGIBLE ECONOMICAL CLASSIFICATION. IN THESE TESTS, THE ALTERNATIVE MODEL PROVIDES EXTRA INFORMATION AND BETTER STATISTICS THAN THE ORIGINAL OHLSON MODEL.
EL OBJETIVO DE ESTE TRABAJO CONSISTE EN ANALIZAR LA IMPORTANCIA Y FUNDAMENTO LEGAL DE LA PLANEACIÓN FISCAL, CON LA FINALIDAD DE PROPORCIONAR ELEMENTOS SUFICIENTES PARA VALIDARLA Y DARLE UN ALCANCE ECONÓMICO; ES DECIR, QUE LAS CONTRIBUCIONES NO DEBEN INTERFERIR EN EL QUEHACER FINANCIERO DE LAS EMPRESAS Y EN ESA MEDIDA EL PROPIO ESTADO SERÁ BENEFICIADO, DE TAL MANERA QUE LA MATERIA FISCAL NO DEBE SER UN OBSTÁCULO PARA LOGRAR EL CRECIMIENTO Y DESARROLLO ECONÓMICO QUE REQUIERE MÉXICO.
Other Identifiers: http://revistas.unam.mx/index.php/rca/article/view/4424
Aparece en las Colecciones:Contaduría y Administración

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