The Relationship between Required Disclosures of the Pension Statement

• Main Authors: Chan, Chao-Kuei, 詹朝貴
• Other Authors: Shu Yeh
• Format: Others
• Language: zh-TW
• Published: 1997
• Online Access: http://ndltd.ncl.edu.tw/handle/41368237500743440950

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 .