Featured Jobs
|
Frank Pension Consultants, Ltd.
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
Relationship Manager for Defined Benefits Daybright Financial
|
|
Compass
|
|
Relationship Manager for Defined Contributions 2 Daybright Financial
|
|
Compass
|
|
Northwestern Wisconsin Associates, Inc. (NWA, Inc.)
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Earnings Manipulation and Managerial Investment Decisions: Evidence from Sponsored Pension Plans
National Bureau of Economic Research [NBER] 
June 7, 2004
Working paper by Daniel Bergstresser, Mihir A. Desai and Joshua Rauh. Excerpt: Managers are more aggressive with assumed long-term rates of return when their assumptions have a greater impact on reported earnings. Managers also increase assumed rates of return as they prepare to acquire other firms and as they exercise stock options, further confirming the opportunistic nature of these increases. Decisions about assumed rates of return, in turn, influence asset allocation within pension plans.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |