Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/59218
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dc.contributor.authorFortune, Peteren
dc.date.accessioned2006-07-24-
dc.date.accessioned2012-06-20T16:09:36Z-
dc.date.available2012-06-20T16:09:36Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/59218-
dc.description.abstractThis 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.en
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of Boston |cBoston, MAen
dc.relation.ispartofseries|aPublic Policy Discussion Papers |x06-2en
dc.subject.jelE01en
dc.subject.jelG12en
dc.subject.jelG23en
dc.subject.jelG35en
dc.subject.jelM41en
dc.subject.ddc330en
dc.titlePension accounting and corporate earnings: The world according to GAAP-
dc.typeWorking Paperen
dc.identifier.ppn514869828en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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