{"title":"市场如何评估遣散费?意大利的教训","authors":"M. Cardinale, J. Orszag","doi":"10.2139/ssrn.892766","DOIUrl":null,"url":null,"abstract":"Using accounting data from just over 100 Italian companies we construct various measures of exposure to severance pay. We then examine how these measures are related to subsequent market measures of risk. We find little relationship between corporate Italian severance pay exposure and either beta or measured volatility. We also examine the effect of credit status on severance pay exposures.","PeriodicalId":227461,"journal":{"name":"Willis Towers Watson Technical Research Paper Series","volume":"17 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2003-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"How Does the Market Value Severance Liabilities? Lessons from Italy\",\"authors\":\"M. Cardinale, J. Orszag\",\"doi\":\"10.2139/ssrn.892766\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Using accounting data from just over 100 Italian companies we construct various measures of exposure to severance pay. We then examine how these measures are related to subsequent market measures of risk. We find little relationship between corporate Italian severance pay exposure and either beta or measured volatility. We also examine the effect of credit status on severance pay exposures.\",\"PeriodicalId\":227461,\"journal\":{\"name\":\"Willis Towers Watson Technical Research Paper Series\",\"volume\":\"17 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2003-11-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Willis Towers Watson Technical Research Paper Series\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.892766\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Willis Towers Watson Technical Research Paper Series","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.892766","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
How Does the Market Value Severance Liabilities? Lessons from Italy
Using accounting data from just over 100 Italian companies we construct various measures of exposure to severance pay. We then examine how these measures are related to subsequent market measures of risk. We find little relationship between corporate Italian severance pay exposure and either beta or measured volatility. We also examine the effect of credit status on severance pay exposures.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
