Data are obtained from Compustat.
Panel A of this table provides descriptive statistics on the distribution of actual discount rate and expected asset return changes over 2000-2009. Changes are computed over each combination of consecutive firm-years with necessary data, and then descriptive statistics are computed from the resulting distribution of changes, n = 1,177 (1,168) firm-years with necessary discount rate (expected asset return) assumption data over 2000-2009.
Panel B reports the frequency of non-zero changes in discount rates and expected asset returns, broken into basis point ranges, and presented separately for the full group of non-zero changes, increases in the assumption, and decreases in the assumption.
Compustat mnemonics are shown in parentheses in the variable definitions below.
Data are obtained from Compustat.Panel A of this table provides descriptive statistics on the distribution of actual discount rate and expected asset return changes over 2000-2009. Changes are computed over each combination of consecutive firm-years with necessary data, and then descriptive statistics are computed from the resulting distribution of changes, n = 1,177 (1,168) firm-years with necessary discount rate (expected asset return) assumption data over 2000-2009.Panel B reports the frequency of non-zero changes in discount rates and expected asset returns, broken into basis point ranges, and presented separately for the full group of non-zero changes, increases in the assumption, and decreases in the assumption.Compustat mnemonics are shown in parentheses in the variable definitions below.
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