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Persistent link: https://www.econbiz.de/10003587112
We compare the value and credit relevance of financial statements under fair-value and smoothing (SFAS-87) models of pension accounting. The fair-value model does not improve the value relevance of the balance sheet and may impair that of income and the combined financial statements, unless...
Persistent link: https://www.econbiz.de/10014051989
We compare the value and credit relevance of financial statements under fair-value and smoothing (SFAS-87) models of pension accounting. The fair-value model does not improve the value relevance of the balance sheet and may impair that of income and the combined financial statements, unless...
Persistent link: https://www.econbiz.de/10014053648
Persistent link: https://www.econbiz.de/10008810011
The corporate information environment develops endogenously as a consequence of information asymmetries and agency problems between investors, entrepreneurs, and managers. We provide a framework for analyzing the three main decisions that shape the corporate information environment in a capital...
Persistent link: https://www.econbiz.de/10013150713