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Footnotes Aren't Enough: The Impact of Pension Accounting on Stock Values

Mitchell, Olivia; Coronado, Julia; Sharpe, Steven A.; … - National Bureau of Economic Research (NBER) - 2008

Some research has suggested that companies with defined benefit (DB) pensions are sometimes significantly misvalued by the market. This is because the measures of pension cost and pension net liabilities embedded in financial statements, taken at face value, can provide very misleading picture...

Persistent link: https://www.econbiz.de/10005088948

Research in Accounting for Income Taxes

Shackelford, Douglas A.; Graham, John; Raedy, Jana - National Bureau of Economic Research (NBER) - 2010

This paper comprehensively reviews Accounting for Income Taxes (AFIT). The first half provides background and a primer on AFIT. The second half reviews existing studies in detail and offers suggestions for future research. We emphasize the research questions that have been addressed (most of...

Persistent link: https://www.econbiz.de/10008624622

Capital-Market Effects of Securities Regulation: Hysteresis, Implementation, and Enforcement

Leuz, Christian; Christensen, Hans B.; Hail, Luzi - National Bureau of Economic Research (NBER) - 2011

This paper examines capital market effects of changes in securities regulation. We analyze two key directives in the European Union (EU) that tightened market abuse and transparency regulation and its enforcement. All EU member states were required to adopt these two directives, but did so at...

Persistent link: https://www.econbiz.de/10008804681

Did Fair-Value Accounting Contribute to the Financial Crisis?

Leuz, Christian; Laux, Christian - National Bureau of Economic Research (NBER) - 2009

The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we...

Persistent link: https://www.econbiz.de/10008634632

Mergers When Prices are Negotiated: Evidence from the Hospital Industry

Nevo, Aviv; Gowrisankaran, Gautam; Town, Robert - National Bureau of Economic Research (NBER) - 2013

estimates to evaluate the effects of hospital mergers. We find that MCO bargaining restrains hospital prices significantly. The … hospitals. We show that increasing patient coinsurance tenfold would reduce prices by 16%. We find that a proposed hospital … acquisition in Northern Virginia that was challenged by the Federal Trade Commission would have significantly raised hospital …

Persistent link: https://www.econbiz.de/10010796731

Private Politics and Public Regulation

Egorov, Georgy; Harstad, Bård - National Bureau of Economic Research (NBER) - 2013

We develop a dynamic game to explore the interaction between regulation and private policies, such as self-regulation by firms and activism. Without a public regulator, the possibility of self-regulation is bad for the firm, but good for activists who are willing to maintain a costly boycott to...

Persistent link: https://www.econbiz.de/10010969231

The Effect of Effectiveness: Donor Response to Aid Effectiveness in a Direct Mail Fundraising Experiment

Karlan, Dean; Wood, Daniel H. - National Bureau of Economic Research (NBER) - 2014

We test how donors respond to new information about a charity's effectiveness. Freedom from Hunger implemented a test of its direct marketing solicitations, varying letters by whether they include a discussion of their program's impact as measured by scientific research. The base script, used...

Persistent link: https://www.econbiz.de/10010951478

The Impact of Health Information Technology on Hospital Productivity

Lee, Jinhyung; McCullough, Jeffrey S.; Town, Robert J. - National Bureau of Economic Research (NBER) - 2012

parameters of a value-added hospital production function correcting for endogenous input choices in order to assess the private … change in hospital multi-factor productivity. Not-for-profits invested more heavily and differently in IT than for …

Persistent link: https://www.econbiz.de/10011227949

Crowding Out and Crowding In of Private Donations and Government Grants

Heutel, Garth - National Bureau of Economic Research (NBER) - 2009

A large literature examines the interaction of private and public funding of public goods and charities, much of it testing if public funding crowds out private funding. This paper makes two contributions to this literature. First, the crowding out effect could also occur in the opposite...

Persistent link: https://www.econbiz.de/10004991952

Is the U.S. Losing Its Preeminence in Higher Education?

Adams, James - National Bureau of Economic Research (NBER) - 2009

The expansion of U.S. universities after World War II gained from the arrival of immigrant scientists and graduate students, the broadening of access to universities, and the development of military research and high technology industry. Since the 1980s, however, growth of scientific research in...

Persistent link: https://www.econbiz.de/10005037682