Download or read book Credit Ratings Defined Benefit Pension Plans and SFAS 158 written by Dorothy Thompson and published by Dissertation Discovery Company. This book was released on 2019-08-07 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper empirically investigates the effect that the Statement of Financial Accounting Standard (SFAS) 158 has on credit ratings for firms with defined benefit pension plans. The results show that, relative to other firms, firms that sponsor defined benefit pension plans have higher corporate credit ratings and that those scores decrease after the implementation of SFAS158. In addition, the more funded a defined benefit pension plan, the greater the credit rating. This positive relationship decreases after the implementation of SFAS 158. I rationalize these findings by asserting that defined benefit pension plan firms are subject to greater regulated scrutiny from the U.S. Department of Labor and the Internal Revenue Service through pension plan audits, which results in higher credit quality. This favorable effect on credit quality decreases, however, after the implementation of SFAS 158 due to the increased recognition of the previously disclosed pension liability on the balance sheet. Dissertation Discovery Company and Jacksonville University are dedicated to making scholarly works more discoverable and accessible throughout the world. This dissertation, "Credit Ratings, Defined Benefit Pension Plans and SFAS 158: An Empirical Examination of Their Relationship" by Dorothy A. Thompson, was obtained from Jacksonville University and is being sold with permission from the author. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation.

Download or read book Revised Pension Rules and the Cost of Debt written by Kenneth W. Shaw and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statement of Financial Accounting Standards No. 158 significantly changes how firms report the financial position of their defined-benefit pension plans. Under this new standard, firms must report the funded status, equal to the net of the projected benefit obligation and the fair value of their pension plan assets, on the balance sheet. As a result, prior service costs and gains or losses, previously unrecognized but disclosed in footnotes to the financial statements, are included on the balance sheet. Using a sample of firms with defined-benefit pension plans over 1999-2005, this study examines the relation between yield spreads on new debt issues and recognized or disclosed pension information. The results show that both recognized and disclosed pension information are related to yield spreads. Further, there is no significant difference in the relation between pension information and yield spreads depending on the location of pension information in the financial statements. Overall, the results suggest that bond investors utilize both recognized and disclosed pension information in their pricing decisions, suggesting little potential impact of SFAS No. 158 on the cost of debt.

Download or read book Checklists and Illustrative Financial Statements for Defined Benefit Pension Plans written by and published by . This book was released on 2009 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book FASB s Proposed Standard on employer s Accounting for Defined Benefit Pension and Other Post retirement Plans written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2009 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Association Between Defined Benefit Pension Plan Funded Status and Bond Ratings pension Plan Funded Status and Bond Ratings written by Sara Ann Reiter and published by . This book was released on 1987 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Analysis of FAS 158 written by Roxanne M. Spindle and published by . This book was released on 2006 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Checklists and Illustrative Financial Statements for Defined Contribution Pension Plans written by and published by . This book was released on 2009 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Illustrations of Accounting for Pensions and for Settlements and Curtailments of Defined Benefit Pension Plans written by Hal G. Clark and published by . This book was released on 1987 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reporting by Defined Benefit Pension Plans of Investment Contracts written by Financial Accounting Standards Board and published by . This book was released on 1992 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Statement of Financial Accounting Standards No 110 written by Financial Accounting Standards Board and published by . This book was released on 1992 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reporting by Defined Benefit Pension Plans of Investment Contracts written by and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Oxford Handbook of Pensions and Retirement Income written by Gordon L. Clark and published by Oxford University Press, USA. This book was released on 2006-07-20 with total page 954 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook draws on research from a range of academic disciplines to reflect on the implications for provisions of pension and retirement income of demographic ageing. it reviews the latest research, policy related tools, analytical methods and techniques and major theoretical frameworks.

Download or read book Employee Benefits and Executive Compensation written by Samuel Estreicher and published by Kluwer Law International B.V.. This book was released on 2010-01-01 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employee benefits and executive compensation, long a matter of considerable interest to employees and employers, have become subjects of increasingly intense public scrutiny and debate in the past few years. Indeed, you cannot pick up a newspaper, listen to a news broadcast, or consult the Internet without encountering a report on these subjects. These issues played heavily during the 2008 presidential campaign.

Download or read book In the Matter of Representative Charles B Rangel written by United States. Congress. House. Committee on Standards of Official Conduct and published by . This book was released on 2010 with total page 1520 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Journal of Financial Service Professionals written by and published by . This book was released on 2007 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Advances in Quantitative Analysis of Finance and Accounting New Series Vol 12 written by Cheng F. Lee and published by Center for PBBEFR & Airiti Press. This book was released on 2014-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Quantitative Analysis of Finance and Accounting (New Series) is an annual publication designed to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.

Download or read book Research in Accounting Regulation written by Gary Previts and published by Elsevier. This book was released on 2008-04-09 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research in Accounting Regulation