政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/64283

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | 全文笔数/总笔数 : 113318/144297 (79%)
造访人次 : 51065171 在线人数 : 971

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

政大機構典藏 > 商學院 > 風險管理與保險學系 > 期刊論文 > Item 140.119/64283

请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/64283

题名:	Directors` & Officers` Insurance, Corporate Governance and Firm Performance
作者:	Li,Shu-Hsing;Chen,Tsai-Jyh 陳彩稚;李書行
贡献者:	風管系
关键词:	directors` and officers` liability insurance;corporate governance;agency conflict;firm performance
日期:	2010-08
上传时间:	2014-02-27 16:18:56 (UTC+8)
摘要:	The purpose of this article is to investigate the effects of directors’ and officers’ liability insurance (D&O) on corporate governance and firm performance. D&O insurance demand reflects the firm’s internal evaluation of its exposure to litigation risk. From the investors’ point of view, the D&O insurance purchase data can provide valuable information to assess the underlying risk of the firm, corporate governance quality and its future performance. Thus, this article studies the information implications of D&O insurance on the following questions. (1) Does D&O insurance demand reflect the litigation risk and corporate governance? (2) Does D&O insurance create moral hazard or provide incentives of care to directors and officers, which subsequently affect the firm’s performance? We empirically test the data by using companies listed in Taiwan Security Exchanges and find that (1) the demand for D&O insurance is positively related to the firm’s litigation risk and the motivation of its board of directors; (2) there is no evidence supporting that D&O insurance does have a significant impact on the directors’ care incentives and the subsequent firm’s performance. We further provide some suggestions for corporate governance based on these empirical results.
關聯:	International Journal of Disclosure and Governance, 7(3), 244-261
数据类型:	article
DOI 連結:	http://dx.doi.org/10.1057/jdg.2010.9
DOI:	10.1057/jdg.2010.9
显示于类别:	[風險管理與保險學系] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
244261.pdf		180Kb	Adobe PDF2	1327	检视/开启

在政大典藏中所有的数据项都受到原著作权保护.

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

数据加载中.....