| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089126 | Journal of Banking & Finance | 2013 | 17 Pages |
Abstract
⺠Pension risk is measured by pension beta. ⺠Sponsors assume low risk when funding ratios are low and default risk is high. ⺠Risk shifting incentive dominates for financially distressed sponsors. ⺠Other determinants are labor unionization, tax benefits, and pension assumption.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Heng An, Zhaodan Huang, Ting Zhang,