Pension Accounting, Inside Debt, and Capital Structure

Cheng Few Lee; James Juichia Lin

doi:10.1007/978-3-030-91231-4_89

Pension Accounting, Inside Debt, and Capital Structure

Cheng Few Lee, James Juichia Lin^*

^*Corresponding author for this work

Department of Information Management and Finance

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This study aims to examine how pension accounting relates to inside debt and capital structure. We introduce basic concepts of pension plans and pension accounting (including the determinants of pension liabilities, assets, and pension expense reported in financial statement) in accordance with U.S. GAAP (FAS 158) and IFRS (IAS 19). We also provide a review of empirical research on the pension accounting associated with earnings management and firm value. Finally, following Alderson and Lee (J Econ Bus, 40:209–228, 1988), this chapter introduces a developed model in which individuals and corporations have an incentive to engage in pension plans to deals with corporate pension funding policy as part of the capital structure decision.

Original language	English
Title of host publication	Encyclopedia of Finance, Third Edition
Publisher	Springer International Publishing
Pages	2041-2060
Number of pages	20
ISBN (Electronic)	9783030912314
ISBN (Print)	9783030912307
DOIs	https://doi.org/10.1007/978-3-030-91231-4_89
State	Published - 1 Jan 2022

Keywords

Capital structure decision
Earnings management
Pension actuarial assumptions
Pension plans
Relevance
Value

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10.1007/978-3-030-91231-4_89

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AB - This study aims to examine how pension accounting relates to inside debt and capital structure. We introduce basic concepts of pension plans and pension accounting (including the determinants of pension liabilities, assets, and pension expense reported in financial statement) in accordance with U.S. GAAP (FAS 158) and IFRS (IAS 19). We also provide a review of empirical research on the pension accounting associated with earnings management and firm value. Finally, following Alderson and Lee (J Econ Bus, 40:209–228, 1988), this chapter introduces a developed model in which individuals and corporations have an incentive to engage in pension plans to deals with corporate pension funding policy as part of the capital structure decision.

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KW - Relevance

KW - Value

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Pension Accounting, Inside Debt, and Capital Structure

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