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Title:Smoothing of Pension Costs, Choice of Expected Rate of Return and Capital Market Consequences
Author(s):Hong, Keejae P.
Doctoral Committee Chair(s):Abdel-Khalik, A. Rashad
Department / Program:Accountancy
Discipline:Accountancy
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:Ph.D.
Genre:Dissertation
Subject(s):Business Administration, Accounting
Abstract:In the second essay, I examine whether or not investors incorporate the actual pension expense based on the marked-to-market principle in firm valuation. Alternatively investors may be fixated on the smoothed pension expense as reported on income statement according to Generally Accepted Accounting Principles (GAAP). I find evidence that investors incorporate the actual pension expense into equity price with some time delay.
Issue Date:2006
Type:Text
Language:English
Description:101 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2006.
URI:http://hdl.handle.net/2142/87161
Other Identifier(s):(MiAaPQ)AAI3250257
Date Available in IDEALS:2015-09-28
Date Deposited:2006


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