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Efficient Corporate Pension System: Empirical Studies using Cross-Country Data

Research Project

Project/Area Number 24730366
Research Category

Grant-in-Aid for Young Scientists (B)

Allocation TypeMulti-year Fund
Research Field Commerce
Research InstitutionTokyo Keizai University

Principal Investigator

YANASE Noriyoshi  東京経済大学, 経営学部, 教授 (50366168)

Project Period (FY) 2012-04-01 – 2016-03-31
Project Status Completed (Fiscal Year 2015)
Budget Amount *help
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2014: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2013: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2012: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Keywords企業年金 / 退職給付会計 / 企業価値評価 / 経営財務 / 企業金融 / 株式リターン / エージェンシー問題 / 年金資産運用 / リスクシフト / 国際研究者交流 / 国際的査読誌への掲載 / 退職後所得保障 / 資産運用
Outline of Final Research Achievements

In this study, we empirically examined the incentive mechanism for the design and operation of the pension plan at the corporate level as follows. (1) What are incentives that firms (plan sponsors) make choice of pension plans? (2) What are incentives for firms (plan sponsors)regarding the pension investment and the funding policy? (3) How does the stock market values pension assets and liabilities? Or, do financial markets offer an adequate feedback mechanism of incentives to build an efficient corporate pension system?

Report

(5 results)
  • 2015 Annual Research Report   Final Research Report ( PDF )
  • 2014 Research-status Report
  • 2013 Research-status Report
  • 2012 Research-status Report
  • Research Products

    (21 results)

All 2016 2015 2014 2013 2012 Other

All Journal Article (12 results) (of which Int'l Joint Research: 1 results,  Peer Reviewed: 5 results,  Open Access: 1 results) Presentation (4 results) Remarks (5 results)

  • [Journal Article] The Information Content of Corporate Pension Funding Status in Japan2016

    • Author(s)
      Shingo Goto, Noriyoshi Yanase
    • Journal Title

      Journal of Business Finance and Accounting

      Volume: forthcoming Issue: 7-8 Pages: 903-949

    • DOI

      10.1111/jbfa.12197

    • Related Report
      2015 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] 株主・経営者間のエージェンシー問題と企業年金の資産運用2016

    • Author(s)
      柳瀬 典由
    • Journal Title

      生命保険論集

      Volume: 設立40周年記念特別号 (I) Pages: 159-188

    • Related Report
      2015 Annual Research Report
  • [Journal Article] 新会計基準における年金資産の内訳開示情報の分析2015

    • Author(s)
      柳瀬典由
    • Journal Title

      退職給付会計の課題の考察 研究報告書(年金綜合研究所)

      Volume: . Pages: 82-92

    • Related Report
      2014 Research-status Report
  • [Journal Article] 企業の財務健全性と年金資産運用2015

    • Author(s)
      柳瀬典由・後藤晋吾
    • Journal Title

      証券アナリストジャーナル

      Volume: 53 (5) Pages: 69-79

    • NAID

      40020468870

    • Related Report
      2014 Research-status Report
    • Peer Reviewed
  • [Journal Article] 母体企業の財務健全性と年金資産運用2014

    • Author(s)
      柳瀬典由
    • Journal Title

      年金ストラテジー(年金総合リサーチセンター)

      Volume: 222

    • Related Report
      2014 Research-status Report
    • Open Access
  • [Journal Article] 視点 ディスクロージャー情報から見るわが国上場企業の年金資産運用2014

    • Author(s)
      柳瀬典由
    • Journal Title

      月刊 企業年金(企業年金連合会)

      Volume: 33 (10) Pages: 14-17

    • Related Report
      2014 Research-status Report
  • [Journal Article] 改正正厚生年金保険法とわが国の退職給付制度の行方2014

    • Author(s)
      柳瀬典由
    • Journal Title

      週刊社会保障

      Volume: 2779 Pages: 50-55

    • Related Report
      2014 Research-status Report
  • [Journal Article] Financial Flexibility and Tax Incentives: Evidence from Defined Benefit Corporate Pension Plans in Japan2013

    • Author(s)
      Goto Shingo and Noriyoshi Yanase
    • Journal Title

      Geneva Papers on Risk and Insurance - Issues and Practice

      Volume: Vol.38 (4) Issue: 4 Pages: 753-776

    • DOI

      10.1057/gpp.2013.23

    • Related Report
      2013 Research-status Report
    • Peer Reviewed
  • [Journal Article] 退職給付債務の市場評価をめぐるパズル2013

    • Author(s)
      柳瀬典由 後藤晋吾 上野雄史
    • Journal Title

      現代ファイナンス

      Volume: No.33 Pages: 53-77

    • NAID

      130007528331

    • Related Report
      2013 Research-status Report
    • Peer Reviewed
  • [Journal Article] 企業年金制度における暗黙の富の移転-米国におけるペンション・リバージョンの考察-2013

    • Author(s)
      柳瀬典由
    • Journal Title

      週刊社会保障

      Volume: No.2721 Pages: 44-49

    • Related Report
      2013 Research-status Report
  • [Journal Article] 退職給付制度における企業の選択動機-退職一時金は「暗黙のリスク移転」か?-2013

    • Author(s)
      柳瀬典由
    • Journal Title

      保険学雑誌

      Volume: 第620号 Pages: 261-280

    • NAID

      130004691622

    • Related Report
      2013 Research-status Report 2012 Research-status Report
  • [Journal Article] 企業年金制度の積立不足と母体企業の株式リターン2012

    • Author(s)
      柳瀬典由・後藤晋吾
    • Journal Title

      東京経大学会誌 経営学

      Volume: 274 Pages: 275-299

    • Related Report
      2012 Research-status Report
    • Peer Reviewed
  • [Presentation] Corporate Pension Funding and Management’s Private Information: An Empirical Investigation2013

    • Author(s)
      Goto Shingo and Noriyoshi Yanase
    • Organizer
      American Risk and Insurance Association (Annual Meeting)
    • Place of Presentation
      Washington, DC, USA
    • Related Report
      2013 Research-status Report
  • [Presentation] The information content of corporate pension funding status in Japan2013

    • Author(s)
      Goto Shingo and Noriyoshi Yanase
    • Organizer
      Asia Pacific Risk and Insurance Association (Annual Meeting)
    • Place of Presentation
      New York City, USA
    • Related Report
      2013 Research-status Report
  • [Presentation] Firms Incentives for Retirement Plan Choices: Evidence from Japanese Book Reserve Plans2012

    • Author(s)
      Noriyoshi Yanase
    • Organizer
      2012 Asia Pacific Risk and Insurance Association Annual Meeting
    • Place of Presentation
      Seoul, Korea
    • Related Report
      2012 Research-status Report
  • [Presentation] 退職給付債務の市場評価をめぐるパズル2012

    • Author(s)
      柳瀬典由
    • Organizer
      日本経営財務学会
    • Place of Presentation
      専修大学
    • Related Report
      2012 Research-status Report
  • [Remarks] 東京経済大学専任教員データベース

    • URL

      http://www.tku.ac.jp/department/administration/teacher/?id=1/0000089

    • Related Report
      2015 Annual Research Report 2014 Research-status Report
  • [Remarks] 柳瀬典由のウェブサイト

    • URL

      https://sites.google.com/site/nyanasetku/home

    • Related Report
      2014 Research-status Report
  • [Remarks] 柳瀬典由のウェブサイト

    • URL

      https://sites.google.com/site/nyanasetku/publication

    • Related Report
      2013 Research-status Report
  • [Remarks] 東京経済大学専任教員データベース

    • URL

      http://researcher-web.tku.ac.jp/Profiles/1/0000089/profile.html

    • Related Report
      2013 Research-status Report
  • [Remarks] 専任教員教育研究データベース

    • URL

      http://researcher-web.tku.ac.jp/Profiles/1/0000089/profile.html

    • Related Report
      2012 Research-status Report

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Published: 2013-05-31   Modified: 2019-07-29  

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