東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Further Evidence on the Relation Bet...

Xiao, Wen.

Linked to FindBook

Google Book

Amazon

博客來

Further Evidence on the Relation Between Pension Plan Accounting and Firm Value: A Time-Series Analysis.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Further Evidence on the Relation Between Pension Plan Accounting and Firm Value: A Time-Series Analysis./
Author:	Xiao, Wen.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2017,
Description:	37 p.
Notes:	Source: Masters Abstracts International, Volume: 56-04.
Contained By:	Masters Abstracts International56-04(E).
Subject:	Accounting. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10266695
ISBN:	9781369816624

Further Evidence on the Relation Between Pension Plan Accounting and Firm Value: A Time-Series Analysis.
Xiao, Wen.

Further Evidence on the Relation Between Pension Plan Accounting and Firm Value: A Time-Series Analysis. - Ann Arbor : ProQuest Dissertations & Theses, 2017 - 37 p.

Source: Masters Abstracts International, Volume: 56-04.

Thesis (M.S.)--University of Massachusetts Boston, 2017.

This paper studies the impact of pension accounting on firm value. Our work is based on the published article "Footnotes aren't enough: the impact of pension accounting on stock values" by Julia Coronado, Olivia S. Mitchell, Steven A. Sharpe, and S. Blake Nesbitt (CORONADO [2008]) which examines the measures of pension accounting embedded in the financial statements from 1993-2005. They conclude that "Investors continue to misvalue defined benefit (DB) pensions that induce sizable valuation errors in the stock of many companies" (CORONADO [2008]). We extend this study by investigating the impact of defined benefit plan on companies' stock prices from 2006 to 2015. During 2006 to 2015, Financial Accounting Standard require employer provide more information about their DB pension fund, such as pension fund status and pension net assets, we hope to find out whether pension accounting improve based on new standards. We find that stock prices reflect economic value of net pension assets instead of pension accruals after 2006. Our results are more consistent with the "transparent model" of pension valuation since 2006, which implies that the evolution of pension accounting standards in the past decade have improved investors' evaluation of the defined pension benefit plan and firm value.

ISBN: 9781369816624Subjects--Topical Terms:

557516
Accounting.

Further Evidence on the Relation Between Pension Plan Accounting and Firm Value: A Time-Series Analysis.
LDR:02238nmm a2200289 4500 001 2126029
005 20171113105123.5
008 180830s2017 ||||||||||||||||| ||eng d
020 $a 9781369816624
035 $a (MiAaPQ)AAI10266695
035 $a AAI10266695
040 $a MiAaPQ $c MiAaPQ
100 1 $a Xiao, Wen. $3 2189264
245 1 0 $a Further Evidence on the Relation Between Pension Plan Accounting and Firm Value: A Time-Series Analysis.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2017
300 $a 37 p.
500 $a Source: Masters Abstracts International, Volume: 56-04.
500 $a Advisers: Xiaolu Xu; Chakraborty Atreya.
502 $a Thesis (M.S.)--University of Massachusetts Boston, 2017.
520 $a This paper studies the impact of pension accounting on firm value. Our work is based on the published article "Footnotes aren't enough: the impact of pension accounting on stock values" by Julia Coronado, Olivia S. Mitchell, Steven A. Sharpe, and S. Blake Nesbitt (CORONADO [2008]) which examines the measures of pension accounting embedded in the financial statements from 1993-2005. They conclude that "Investors continue to misvalue defined benefit (DB) pensions that induce sizable valuation errors in the stock of many companies" (CORONADO [2008]). We extend this study by investigating the impact of defined benefit plan on companies' stock prices from 2006 to 2015. During 2006 to 2015, Financial Accounting Standard require employer provide more information about their DB pension fund, such as pension fund status and pension net assets, we hope to find out whether pension accounting improve based on new standards. We find that stock prices reflect economic value of net pension assets instead of pension accruals after 2006. Our results are more consistent with the "transparent model" of pension valuation since 2006, which implies that the evolution of pension accounting standards in the past decade have improved investors' evaluation of the defined pension benefit plan and firm value.
590 $a School code: 1074.
650 4 $a Accounting. $3 557516
650 4 $a Finance. $3 542899
690 $a 0272
690 $a 0508
710 2 $a University of Massachusetts Boston. $b Information Technology. $3 3288107
773 0 $t Masters Abstracts International $g 56-04(E).
790 $a 1074
791 $a M.S.
792 $a 2017
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10266695