Smoothing of Pension Costs, Choice of Expected Rate of Return and Capital Market Consequences
Hong, Keejae P.
This item is only available for download by members of the University of Illinois community. Students, faculty, and staff at the U of I may log in with your NetID and password to view the item. If you are trying to access an Illinois-restricted dissertation or thesis, you can request a copy through your library's Inter-Library Loan office or purchase a copy directly from ProQuest.
Permalink
https://hdl.handle.net/2142/87161
Description
Title
Smoothing of Pension Costs, Choice of Expected Rate of Return and Capital Market Consequences
Author(s)
Hong, Keejae P.
Issue Date
2006
Doctoral Committee Chair(s)
Abdel-Khalik, A. Rashad
Department of Study
Accountancy
Discipline
Accountancy
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Business Administration, Accounting
Language
eng
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.
Use this login method if you
don't
have an
@illinois.edu
email address.
(Oops, I do have one)
IDEALS migrated to a new platform on June 23, 2022. If you created
your account prior to this date, you will have to reset your password
using the forgot-password link below.
