Incentives and Disincentives for Financial Disclosure: Voluntary Disclosure of Defined Benefit Pension Plan Information by Canadian Firms.

Key Points

• The aim is to investigate the factors influencing Canadian firms' voluntary disclosure of defined benefit pension plan information.
• Examination of Canadian firms' financial disclosure practices regarding defined benefit pension plans.
• Testing of disclosure hypotheses related to proprietary costs and information cost savings.
• Analysis of pension disclosures to understand the impact of these factors.
• Findings support the theoretical framework involving proprietary costs and information cost savings.
• Identification of trends in voluntary pension disclosures among Canadian firms.