There is evidence that investors do not fully recognize the valuation effects of severe pension underfunding. (See
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Franzoni and Marn present evidence that the market significantly overvalues firms with severely unde...View the full answer
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Related Book For 
Accounting Theory Conceptual Issues in a Political and Economic Environment
ISBN: 978-1412991698
8th edition
Authors: Harry Wolk, James Dodd, John Rozycki
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