type here...

Jim Naughton

Jim Naughton is an Associate Professor of Business Administration at the University of Virginia. His research examines how financial, legal, and regulatory institutions shape both financial disclosure and economic choices. Within this broad area of research, he has undertaken several studies that utilize the setting of defined benefit pension plans. Jim has testified in front of the U.S. Senate and U.S. House of Representatives regarding U.S. pension policy.
Series

Government Influence in Accounting Rulemaking Has Led to Understated Costs and Worse Financial Outcomes

Jim Naughton
Municipal and state governments provide input to the organization that creates their accounting standards. Such input by stakeholders can be helpful, but their influence has produced some accounting rules that diverge from both economic reality and private sector rules. These deviations allow governments to understate budget liabilities, including pensions plans, and put at risk the financial health of states and cities across the United States.

Latest news

View All

The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.