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Research output: Working paper
Research output: Working paper
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TY - UNPB
T1 - Determinants of the use of financial reporting standards by Australian pension plans
AU - Klumpes, P J M
PY - 1997
Y1 - 1997
N2 - Previous empirical research demonstrates that the voluntary disclosure of defined benefit pension plan (DBPP) information by employers is value-relevant to investors and carries potential proprietary costs. This paper extends these findings in the context of the voluntary use of financial reporting standards (FRS) in annual reports sent by pension plans to their participants. FRS use is predicted to be related to proprietary costs for defined benefit pension plans (DBPPs) and to political visibility for defined contribution pension plans (DCPPs). Tests on the voluntary reporting practices of samples of 54 Australian DCPPs and 54 DBPPs during 1991-92 support these predictions
AB - Previous empirical research demonstrates that the voluntary disclosure of defined benefit pension plan (DBPP) information by employers is value-relevant to investors and carries potential proprietary costs. This paper extends these findings in the context of the voluntary use of financial reporting standards (FRS) in annual reports sent by pension plans to their participants. FRS use is predicted to be related to proprietary costs for defined benefit pension plans (DBPPs) and to political visibility for defined contribution pension plans (DCPPs). Tests on the voluntary reporting practices of samples of 54 Australian DCPPs and 54 DBPPs during 1991-92 support these predictions
KW - pension plans
KW - financial reporting standards
M3 - Working paper
T3 - Accounting and Finance Working Paper Series
BT - Determinants of the use of financial reporting standards by Australian pension plans
PB - The Department of Accounting and Finance
CY - Lancaster University
ER -