Adaptation Of Foreign Empirical Research On Pension Accounting In Our Country

With the improvement of Chinese pension accounting standards and pension related systems, the pension accounting conveys more information. Then, more and more people come to concern about the value-relevance of Chinese pension accounting, the impact caused by earnings management in pension accounting and the effectiveness of capital markets transfer pension information. But, Chinese scholars always focus on normative research, such as the nature of pension accounting, building pension accounting systems, disclosure and so on, there is few empirical research on pension accounting until now. So this paper will review foreign empirical research on pension accounting and discuss adaptability of the results in China.The paper at first reviews the results of foreign empirical research on pension accounting, including earnings management in pension accounting, the value-relevance of pension accounting information, the effectiveness of pension accounting information and so on. Then, it reveals the current situation of pension accounting information disclosure. On the basis of the previous two studies, though comparing the differences in Sino-US pension accounting standards and related systems, we find some constraints on the application of the results of pension accounting empirical research. First, imperfect of Chinese Accounting Standards for pensions recognition, measurement and disclosure, is the direct cause of applicating the empirical research on pension accounting. The "three pillars" in Our pension system’s uneven development is the fundamental factors affecting the application of empirical research results on pension accounting. The insufficient in tax incentives, legal missing as well as lack of regulation in place also affect the application of empirical research on pension accounting in our country. On the basis, I try to make some recommendations in terms of Chinese pension accounting standards and related systems, and hope the suggestions will help to empirical research on pension accounting in our country.