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| Author: | Hsieh, S. Ferris, K. Chen, A. |
| Title: | Evidence on the timing and determinants of overfunded pension plan termination |
| Journal: | Review of Quantitative Finance and Accounting
1997 : VOL. 8:2, p. 129-150 |
| Index terms: | FINANCE ACCOUNTING PENSIONS |
| Language: | eng |
| Abstract: | This paper examines the factors associated with the timing of overfunded pension plan termination. From a survey of corporate executives from plan terminating firms, four factors are identified as key determinants in the termination decision: (1) the type, quality, and appropriateness of employee benefits: (2) merger or takeover; (3) financial health; and (4) tax considerations. A logit analysis involving 172 terminations from the period 1980 to 1989 was then conducted to empirically investigate the financial determinants of plan termination. |
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