Recognition and Disclosure Reliability: Evidence from SFAS No. 106
Recognition and Disclosure Reliability: Evidence from SFAS No. 106
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认可和披露的可靠性：来自 SFAS 第 106 号的证据
DOI：
10.2139/ssrn.247369
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发表时间：
2002
期刊：
影响因子：
--
通讯作者：
H. Mittelstaedt
中科院分区：
文献类型：
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作者：
Paquita Y. Davis;Chao;H. Mittelstaedt
本文探讨了研究人员和监管机构感兴趣的一个基本问题：市场是否将披露的财务报表信息视为不如财务报表主体中认可的信息可靠？具体而言，我们比较了退休人员福利（养老金）以外的其他负债的感知可靠性之前披露的SFAS第106号与感知可靠性的PRB负债随后确认SFAS第106号。总体而言，证据与市场将披露的PRB负债视为不如已确认的PRB负债和养老金负债可靠的情况一致。然而，一旦确认了PRB负债，它们的可靠性似乎并不比养老金负债差。这些发现与Choi等人（1997年）的结论不一致，即PRB负债本质上不如养老金负债可靠。本文还调查了可能导致披露可靠性较低的因素。
This paper examines a fundamental question of interest to researchers and regulators: Does the market treat disclosed financial statement information as if it is less reliable than information recognized in the body of the financial statements? Specifically, we compare the perceived reliability of liabilities for retiree benefits other than pensions (PRBs) disclosed prior to adoption of SFAS No. 106 with the perceived reliability of PRB liabilities subsequently recognized under SFAS No. 106. Overall, the evidence is consistent with the market treating disclosed PRB liabilities as being less reliable than recognized PRB liabilities and pension liabilities. However, once PRB liabilities are recognized, they do not appear to be any less reliable than pension liabilities. These findings are inconsistent with the Choi et al. (1997) conclusion that PRB liabilities are inherently less reliable than pension liabilities. The paper also investigates factors that may have contributed to the lower disclosure reliability.