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.
| Identifer | oai:union.ndltd.org:unt.edu/info:ark/67531/metadc332275 |
| Date | 12 1900 |
| Creators | Gopalakrishnan, Venkataraman |
| Contributors | Raman, Krishnamurthy K., Henderson, Glenn V., Jr., Merino, Barbara Dubis |
| Publisher | North Texas State University |
| Source Sets | University of North Texas |
| Language | English |
| Detected Language | English |
| Type | Thesis or Dissertation |
| Format | vi, 132 leaves: ill., Text |
| Rights | Public, Gopalakrishnan, Venkataraman, Copyright, Copyright is held by the author, unless otherwise noted. All rights reserved. |
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