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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
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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
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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
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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 … strictness of implementation and enforcement as well as in prior regulation to analyze the role of these factors for regulatory …
Persistent link: https://www.econbiz.de/10008804681
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Evaluating the Effectiveness of National Labor Relations Act Remedies: Analysis and Comparison with Other Workplace Penalty Policies
Kleiner, Morris M.; Weil, David - National Bureau of Economic Research (NBER) - 2010
The goal of this paper is to examine the implied penalty policies underlying the remedies created by the National Labor Relations Act (NLRA) in terms of the policies' impact on employer and union behaviors. We present a simple model of deterrence as a means of evaluating workplace penalty...
Persistent link: https://www.econbiz.de/10008764664
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Uncertainty as Commitment
Ordonez, Guillermo L.; Nosal, Jaromir - National Bureau of Economic Research (NBER) - 2013
Time-inconsistency of no-bailout policies can create incentives for banks to take excessive risks and generate endogenous crises when the government cannot commit. However, at the outbreak of financial problems, usually the government is uncertain about their nature, and hence it may delay...
Persistent link: https://www.econbiz.de/10010969240
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The Economics of Faith: Using an Apocalyptic Prophecy to Elicit Religious Beliefs in the Field
Augenblick, Ned; Cunha, Jesse M.; Bó, Ernesto Dal; … - National Bureau of Economic Research (NBER) - 2012
We model religious faith as a "demand for beliefs," following the logic of the Pascalian wager. We then demonstrate how an experimental intervention can exploit standard elicitation techniques to measure religious belief by varying prizes associated with making choices contrary to one's belief...
Persistent link: https://www.econbiz.de/10010969243
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Time Varying Risk Aversion
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - National Bureau of Economic Research (NBER) - 2013
We use a repeated survey of an Italian bank's clients to test whether investors' risk aversion increases following the 2008 financial crisis. We find that both a qualitative and a quantitative measure of risk aversion increases substantially after the crisis. After considering standard...
Persistent link: https://www.econbiz.de/10010950696
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The Friends Factor: How Students' Social Networks Affect Their Academic Achievement and Well-Being?
Lavy, Victor Chaim; Sand, Edith - National Bureau of Economic Research (NBER) - 2012
In this paper, we estimate the influence of social relationships on educational attainment and social outcomes of students in school. More specifically, we investigate how losing different types of social relationships during the transition from elementary to middle school affect students'...
Persistent link: https://www.econbiz.de/10010950723
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Poor Quality Drugs and Global Trade: A Pilot Study
Bate, Roger; Jin, Ginger Zhe; Mathur, Aparna; Attaran, Amir - National Bureau of Economic Research (NBER) - 2014
Experts claim that some Indian drug manufacturers cut corners and make substandard drugs for markets with non-existent, under-developed or emerging regulatory oversight, notably Africa. This paper assesses the quality of 1470 antibiotic and tuberculosis drug samples that claim to be made in...
Persistent link: https://www.econbiz.de/10010950809