{"id":"https://openalex.org/W2014098138","doi":"https://doi.org/10.2307/252843","title":"Further Evidence on Excess Asset Reversions and Shareholder Wealth","display_name":"Further Evidence on Excess Asset Reversions and Shareholder Wealth","publication_year":1990,"publication_date":"1990-09-01","ids":{"openalex":"https://openalex.org/W2014098138","doi":"https://doi.org/10.2307/252843","mag":"2014098138"},"language":"en","primary_location":{"id":"doi:10.2307/252843","doi":"https://doi.org/10.2307/252843","is_oa":false,"landing_page_url":"https://doi.org/10.2307/252843","pdf_url":null,"source":{"id":"https://openalex.org/S116483603","display_name":"Journal of Risk & Insurance","issn_l":"0022-4367","issn":["0022-4367","1539-6975"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-2","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Risk and Insurance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"H. Fred Mittelstaedt","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"H. Fred Mittelstaedt","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5020105434","display_name":"Philip R. Regier","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Philip R. Regier","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":9.4253,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":{"value":0.96901528,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"57","issue":"3","first_page":"471","last_page":"471"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9003999829292297,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9003999829292297,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.040300000458955765,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.017400000244379044,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/pension-plan-termination","display_name":"pension plan termination","score":0.7689999938011169},{"id":"https://openalex.org/keywords/shareholder-value","display_name":"shareholder value","score":0.9200000166893005},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.7250000238418579},{"id":"https://openalex.org/keywords/event-study","display_name":"event study","score":0.5920000076293945},{"id":"https://openalex.org/keywords/pension-liabilities","display_name":"pension liabilities","score":0.32600000500679016}],"concepts":[{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.510767936706543},{"id":"https://openalex.org/C2991665230","wikidata":"https://www.wikidata.org/wiki/Q2651003","display_name":"Excess return","level":3,"score":0.5070779323577881},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.47851431369781494},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.45004093647003174},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.42261749505996704},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3663065731525421},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3448953926563263},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.19201400876045227},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.1017160415649414},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0758199691772461},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2307/252843","doi":"https://doi.org/10.2307/252843","is_oa":false,"landing_page_url":"https://doi.org/10.2307/252843","pdf_url":null,"source":{"id":"https://openalex.org/S116483603","display_name":"Journal of Risk & Insurance","issn_l":"0022-4367","issn":["0022-4367","1539-6975"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-2","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Risk and Insurance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":18,"referenced_works":["https://openalex.org/W588048373","https://openalex.org/W1509805809","https://openalex.org/W1513364862","https://openalex.org/W1522900775","https://openalex.org/W1524720114","https://openalex.org/W1559170486","https://openalex.org/W1602219609","https://openalex.org/W1974343292","https://openalex.org/W1989784141","https://openalex.org/W2021882027","https://openalex.org/W2044133943","https://openalex.org/W2052711321","https://openalex.org/W2091546263","https://openalex.org/W2129910027","https://openalex.org/W2169361515","https://openalex.org/W2229500891","https://openalex.org/W2334574229","https://openalex.org/W3123985043"],"related_works":["https://openalex.org/W1996919","https://openalex.org/W2260384385","https://openalex.org/W2127408578","https://openalex.org/W7009700042","https://openalex.org/W2334574229","https://openalex.org/W2021882027","https://openalex.org/W2024192282","https://openalex.org/W7112398397","https://openalex.org/W2019034907","https://openalex.org/W1997982508"],"abstract_inverted_index":{"This":[0],"article":[1,48],"re-evaluates":[2],"and":[3,71],"extends":[4],"prior":[5],"studies":[6,35],"examining":[7],"the":[8,11,22,28,51,81],"effect":[9],"of":[10,24,27,33,77,83],"announcement":[12],"to":[13,44],"terminate":[14],"an":[15],"overfunded":[16],"defined":[17],"benefit":[18],"pension":[19],"plan":[20],"on":[21],"value":[23],"equity":[25],"shares":[26],"terminating":[29],"company.":[30],"The":[31],"results":[32,54],"previous":[34],"suggest":[36],"that":[37,50],"termination":[38],"announcements":[39],"result":[40],"in":[41],"positive":[42,53],"returns":[43],"shareholders.":[45],"However,":[46],"this":[47],"shows":[49],"significantly":[52],"disappear":[55],"when":[56],"(1)":[57],"more":[58],"precise":[59],"event":[60],"dates":[61],"are":[62,69,74],"used;":[63],"(2)":[64],"terminations":[65,78],"with":[66],"confounding":[67],"events":[68],"eliminated;":[70],"(3)":[72],"samples":[73],"comprised":[75],"primarily":[76],"occurring":[79],"after":[80],"issuance":[82],"joint":[84],"federal":[85],"agency":[86],"guidelines.":[87]},"counts_by_year":[{"year":2018,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1}],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2016-06-24T00:00:00"}