Market Reactions to Accounting Policy Deliberations the Case of Pensions (SFAS No. 87)
Description:
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 experime…
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Date:
December 1986
Creator:
Gopalakrishnan, Venkataraman
Partner:
UNT Libraries