Corporate Social Responsibility, Pension Assumptions, and Risky Asset Allocations in Defined Benefit Pension Plans

2021 ◽  
Author(s):  
Donghyeok Jang
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Pension Plans ◽  
Risky Asset ◽  
Defined Benefit ◽  
Corporate Social ◽  
Asset Allocations ◽  
Defined Benefit Pension Plans

The Effect of Corporate Social Responsibility on Hard-Freezing of Pension Plan and Firm Performance

2020 ◽  
pp. 0148558X2098221
Author(s):  
Seokyoun Hwang ◽  
Philip Keejae Hong
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Positive Impact ◽  
Pension Plan ◽  
Pension Plans ◽  
Employee Relations ◽  
Supporting Evidence ◽  
Defined Benefit ◽  
Future Performance ◽  
Corporate Social

In recent years, there has been a dramatic increase in the hard-freezing of defined benefit pension plans. Although cost savings associated with a pension freeze are expected to lead to improved future performance, prior studies do not provide conclusive empirical evidence to support enhanced firm performances following pension freezes. In this study, we examine how firms’ commitment to corporate social responsibility (CSR), especially their commitment to employee relations, affects their decision to freeze pension plans, and how firms’ CSR activities affect the association between the pension freeze and their post-freeze performance. First, we find no evidence that firms with a high overall CSR score are less likely to freeze their pension plans, but we find supporting evidence that firms with a high CSR score on the employee relation aspect are less likely to freeze their pension plans. In addition, we find that the pension freeze has a positive impact on the firm’s future performance, as measured by the return on assets, for the firms with high CSR scores.

Real Estate and Alternative Asset Allocations of U.S. Firms' Defined Benefit Pension Plans

2012 ◽  
Vol 18 (3) ◽  
pp. 273-287
Author(s):  
Karen Eilers Lahey ◽  
Aigbe Akhigbe ◽  
Melinda Newman ◽  
T. Leigh Anenson
Keyword(s):  
Real Estate ◽  
Pension Plans ◽  
Defined Benefit ◽  
Asset Allocations ◽  
Defined Benefit Pension Plans

Corporate Social Responsibility Authenticity Scale

2019 ◽  
Author(s):  
Soyoung Joo ◽  
Elizabeth G. Miller ◽  
Janet S. Fink
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Social
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