Relevancy of Pension Liabilities, Pension Expenses and CSR Activities as Risk Management Strategy: By Pension Liabilities and Pension Expenses, Induction of CSR Activities

Abstract

The company whose pension liabilities and pension expenses put pressure on its financial position and operating results are thought to adopt positively CSR activities as risk management strategy leading to corporate value maximization, for the purpose of restoring damaged corporate reputation and for supporting future uncertainty of large payment amount of pension. The purpose of this article is to make it positively clear whether there is the relevancy between the amount of pension liabilities and pension expenses and CSR activities as risk management strategy. The findings suggest that the amount of pension liabilities and pension expenses induce CSR activities as risk management strategy.