|
Dissertation Proposal
Title:
“Management and Disclosures of risks in Pension schemes that of different types of Organisations.”
Theoretical framework and previous researches:
The Purpose of this research is to find out that what kinds of risk there are in pensions by looking at what different organisations disclose about their pensions inside the financial reports. The organisations that will be assessed are around 25 large firms from UK such as listed firms, 15UK non-profit organisations, as well as 15 large firms from another country. Comparison will be made between these different types of organisations in respect of what is inside the pension schemes, what are the differences that different organisations disclose about their pension, what risks there are in the pensions and how different organisations manage their risks in pension schemes and their investment behaviour. Previous researches in this area that raise my interest are including:
Chris O’Brien (2008). ‘Managing occupational pension scheme risks’, International Risk Management: Systems, Internal Control and Corporate Governance. Oxford.
Abraham S. and Cox P. (2007) ‘Analysing the determinants of narrative risk information in UK FTSE 100 annual reports’. The British Accounting Review, Volume 39, p227-248.
Blake D. (2006). Pension Economics. John Wiley&Sons.
Blake D. (2006). Pension Finance. John Wiley&Sons.
Blake D. (2003). Pension schemes and pension funds in the United Kingdom 2nd ed. Oxford University Press.
Information Requirements:
The information about Pension schemes and fund in the financial reports of the organisations that have been chosen is required. Including information of what different organisations say about their pension schemes? Organisations target to large listed firms in the UK and another country as well as some non-profit organisations in the UK. Most of the information and evidence will be found from the annual reports that every organisation published. Relevant information also will be found from previous academic researches and practices. The risk information of assets and liability of pension scheme and how different organisations manage the risks in pension will be researched and reviewed. The reason why some organisations disclose more information than others should be revealed after the research.
Research methodology and assumptions:
Quantitative analysis methods will be used to analysis and compare the data. Tools like STATA would be used to help carry out the result. Assumption that large firms in the UK usually disclose more information of pension scheme in their reports than large firms from another country; non-profit organisation are disclosing more information of their pension benefits in their reports than those profit organisations. Comparison will be made according to the actual information from reports as well as the results carried out by STATA.#p#分页标题#e#
Description of proposed chapters:
Chapter 1: Introduction and Executive summary.
Chapter 2: Literature review of risks disclosure in company’s pension schemes and introducing the research topic (background and motivation).
Chapter 3: Assumptions of the research, and data generation and explanation. The Hypotheses and methodology of the research will be established.
Chapter 4: Econometric analysis and results: data analysis and results from STATA and other evidence will be explained to support the argument of the research.
Chapter 5: Limitations and shortages of the research.
Chapter 6: Final discussion and conclusions.
Reference and Appendix.
The logic of my whole dissertation follows on the process that how the research is going to be carried out step by step.
|
