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Market Reactions to Accounting Policy Deliberations the Case of Pensions (SFAS No. 87)

This study had two basic objectives. The first was to determine the stock market reactions to the pension policy deliberations. The second was to further our understanding of the significance of the FASB's due process. The author selected 13 critical events that preceded passage of SFAS No. 87 and designed a quasi experiment to examine the stock market reaction around the above events. Two portfolios were constructed to test the hypotheses. The first portfolio consisted of firms in the experimental group (firms sponsoring a defined benefit pension plan) and the second portfolio consisted of firms in the control group (firms sponsoring a defined contribution pension plan). The two portfolios were matched on the basis of SIC code, debt to equity ratio and assets.

Identiferoai:union.ndltd.org:unt.edu/info:ark/67531/metadc332275
Date12 1900
CreatorsGopalakrishnan, Venkataraman
ContributorsRaman, Krishnamurthy K., Henderson, Glenn V., Jr., Merino, Barbara Dubis
PublisherNorth Texas State University
Source SetsUniversity of North Texas
LanguageEnglish
Detected LanguageEnglish
TypeThesis or Dissertation
Formatvi, 132 leaves: ill., Text
RightsPublic, Gopalakrishnan, Venkataraman, Copyright, Copyright is held by the author, unless otherwise noted. All rights reserved.

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