The Accounting Review Vol. 68 No. 1 1993
The Market Response to Pension Plan Terminations.
Abstract
Analyzes stock returns associated with the announcement to terminate overfunded defined-benefit pension plans. Evaluation of the use of the reversion amount as a measure of wealth transfer from plan participants to shareholders; Resolution of inconsistencies across prior studies regarding the existence of a significant positive market reaction at the termination announcement.
- DOI
- 10.2308/tar-9605305909
- Volume
- 68
- Issue
- 1
- Pages
- 1-27
- Language
- en
- Sources
- openalex crossref