Valuation effects of severe pension underfunding
There is evidence that investors do not fully recognize the valuation effects of severe pension underfunding. (See, for example, Franzoni and Marín [2006]). Why do you suppose this is the case? What changes could be made to mitigate this problem?
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There is evidence that investors do not fully recognize the valuation effects of severe pension underfunding. (See, for example, Franzoni and Marín [2006]). Why do you suppose this is the case? What changes could be made to mitigate this pr
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