This paper examines the impact of a defined benefit (DB) pension plan freeze on the
sponsoring firm's risk and risk-taking activities. Using a sample of firms declaring a hard …

Statement of Financial Accounting Standards No. 158 (SFAS No. 158)(FASB 2006) requires
all companies to report the funded status of defined benefit pension plans and other …

Reporting the costs of pension plans has “challenged the accountant's
imagination”(Matthews, 1960) for decades. Recent financial reporting has been under …

We examine the determinants of firms defined-benefit pension plan de-risking strategy
choices and their impact on firm risk. We compile a hand-collected dataset for FTSE 350 …

We study the patterns of insider trading surrounding pension freezes, a widespread
corporate event that creates firm value and generates positive abnormal returns. We find that …

Pension de‐risking strategies have been widely adopted by firms with defined‐benefit (DB)
pension plans to reduce pension risk. This paper investigates the influence of board …

Pension obligations constitute a critical issue for public finances and budgets. This is
especially true for the European Union whose institutional mechanism aims to supervise …

This study considers the effect of freezing defined benefit pension funds on shareholder risk
and returns. The conditional models used in this study directly assess the effects of a …

This paper examines the de-risking behaviour of defined benefit (DB) pension plans
sponsored by US firms. By analysing a range of strategies used in US markets between …

Purpose–The purpose of this paper is to investigate how the accounting notion of “human
depreciation” helped the defined benefit pension plan emerge as the dominant means of …