The Relationship between Required Disclosures of the Pension Statement
碩士 === 國立臺灣大學 === 會計學系 === 85 === This study examines the relationship between net pension cost , pension assets and pension liabilities which the pension statement required and security prices .Furthermore , this study investigates wea...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
1997
|
| Online Access: | http://ndltd.ncl.edu.tw/handle/41368237500743440950 |
| Summary: | 碩士 === 國立臺灣大學 === 會計學系 === 85 === This study examines the relationship between net pension
cost , pension assets and pension liabilities which the
pension statement required and security prices
.Furthermore , this study investigates weather market
participants consider these variables when determining
security prices .
After the study procedures , the results show that (1) earnings
provide useful information to the stock market. (2) only
permanent earnings have a positive correlation with stock
prices. (3) net pension cost and its components are
uncorrelated with stock prices .(4) the valuations
between old companies and new companies are different ,
new companies have more intangible assets which are not
presented on the book value. (5) the market participants
would not consider pension assets and pension
liabilities when determining security prices .
|
|---|