| Author: | Pellens, B. Fülbier, R.U. Sellhorn, T. |
| Title: | Bilanzierung leistungsorientierter Pensionspläne bei deutschen und US-amerikanischen Unternehmen |
| Journal: | Betriebswirtschaft
2004 : MAR/APR, VOL. 64:2, p. 133-153 |
| Index terms: | finance pension funds companies Germany USA |
| Language: | ger |
| Abstract: | There are enormous amounts of underfunding encountered in company pension plans due to past capital market developments. This paper argues in favour of the complete recognition of pension-related assets and liabilities at fair value, abolishing all smoothing devices (on balance sheet approach). Based on a case study of US-GAAP financial statements of selected German and U.S. firms, the SFAS 87 approach is empirically demonstrated. A simulation of the suggested improvement shows clear increases in pension expense, accompanied by substantial reductions of equity (original in German). |
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