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Pension Accounting, Inside Debt, and Capital Structure

In: Encyclopedia of Finance

Author

Listed:
  • Cheng-Few Lee

    (Rutgers University)

  • James Juichia Lin

    (National Yang Ming Chiao Tung University)

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.

Suggested Citation

  • Cheng-Few Lee & James Juichia Lin, 2022. "Pension Accounting, Inside Debt, and Capital Structure," Springer Books, in: Cheng-Few Lee & Alice C. Lee (ed.), Encyclopedia of Finance, edition 0, chapter 87, pages 2041-2060, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-91231-4_89
    DOI: 10.1007/978-3-030-91231-4_89
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    More about this item

    Keywords

    Pension plans; Pension actuarial assumptions; Earnings management; Value relevance; Capital structure decision;
    All these keywords.

    JEL classification:

    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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