期刊名称：Hitotsubashi Journal of Commerce and Management
印刷版ISSN：0018-2796
出版年度：2003
卷号：38
期号：1
页码：1-12
出版社：Hitotsubashi Academy, Hitotsubashi University
摘要：This paper examines two issues related to pension accounting information. The first issue is the value relevance of pension accounting information in Japanese capital market. The result clearly indicates that pension assets, pension liabilities, and pension expenses are value relevant. The second issue is the measurement alternatives related to pension liabilities. To empirically analyze this question, I compare ABO and PBO from viewpoint of “incremental information content” vs. “relative information content”. I find evidence that PBO has incremental information content beyond ABO and also has greater relative information content than ABO. Japanese new pension accounting standard, Accounting standard for employee benefits, adopts PBO as pension liability measure. This study supports the new standard from viewpoint of investment decision usefulness.
关键词：Pension accounting; Projected Benefit Obligation; Accumulated Benefit Obligation;Value relevance study
