Now showing items 1-2 of 2

  • Pension fund deficits and stock market efficiency: evidence from the United Kingdom 

    Liu, Weixi; Tonks, Ian (University of Exeter Business School, 2009-06)
    This paper examines the effect of a company’s unfunded pension liabilities on its stock market valuation. Using a sample of UK FTSE350 firms with defined benefit pension schemes, we find that although unfunded pension ...
  • Pension Funding Constraints and Corporate Expenditures 

    Liu, Weixi; Tonks, Ian (University of Exeter Business School, 2010-01)
    This paper examines the effect of a company’s pension contributions on its dividend and investment policies. Using a sample of all FTSE350 UK listed firms with at least one defined benefit pension scheme from 2001 to 2004, ...