Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/59218
Autor:innen: 
Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
Public Policy Discussion Papers No. 06-2
Verlag: 
Federal Reserve Bank of Boston, Boston, MA
Zusammenfassung: 
This study's underlying premise is that current pension plan accounting has two important negative effects. First, it distorts the measurement of earnings and net worth in the short run, as well as the pattern of earnings over future periods. Second, this distortion can send incorrect signals to investors about a firm's health, resulting in the mispricing of a firm's outstanding debt and equity instruments. The author demonstrates how these distortions are introduced, examines the magnitude of the distortions, and discusses proposals for reform.
JEL: 
E01
G12
G23
G35
M41
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
741.61 kB





Publikationen in EconStor sind urheberrechtlich geschützt.