The Importance of Pension Data for Municipal and State Creditor Decisions: Replication and Extensions

Posted: 12 Jul 2014

See all articles by Barry R. Marks

Barry R. Marks

University of Houston, Clear Lake - School of Business and Public Administration

K. K. Raman

The University of Texas at San Antonio

Date Written: Fall 1985

Abstract

In this paper, we examine the importance of the Bureau of Census' pension information for both municipal (city) and state borrowing costs in the new issue (primary) market using a variable (computed from the Bureau of Census data) which has been found to be correlated with the amount of unfunded pension liabilities. We find this variable to have explanatory power for state but not for municipal (city) creditor decisions.

Keywords: state and municipal pensions, borrowing costs

JEL Classification: M41

Suggested Citation

Marks, Barry R. and Raman, K. K., The Importance of Pension Data for Municipal and State Creditor Decisions: Replication and Extensions (Fall 1985). Journal of Accounting Research, Vol. 23, No. 2, 1985. Available at SSRN: https://ssrn.com/abstract=2464604

Barry R. Marks

University of Houston, Clear Lake - School of Business and Public Administration ( email )

Houston, TX 77058
United States

K. K. Raman (Contact Author)

The University of Texas at San Antonio ( email )

One UTSA Circle
San Antonio, TX 78249
United States
210-458-8749 (Phone)

Register to save articles to
your library

Register

Paper statistics

Abstract Views
133
PlumX Metrics