Much prior research has examined the consequences of
promulgation of individual standards. For example, Barth
(1991) examined alternative pension asset and liability
measurements and Choi, Collins, and Johnson (1997) examined
measurement of other post-retirement benefits. Similarly,
Amir (1993) investigated post-retirement benefits
and found that the liability and expense components
are value-relevant conditional on sensitivity disclosures.
Davis-Friday, Folami, Liu, and Mittelstaedt (1999) found that
the recognized post-retirement benefit liability is attributed