Hsu, Audrey Wen-hsin; Wu, Chung-Fern; Lin, Jui-Chia - In: Review of Pacific Basin Financial Markets and Policies … 16 (2013) 01, pp. 1350002-1
Corporate managers make several discretionary assumptions (i.e., the rate of salary growth and assumed return rate of pension plan assets) in calculating the fair value of pension assets and value of pension liabilities. In this study, we examine the factors that can induce managers to increase...