Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/139819
DC Field | Value | Language |
---|---|---|
dc.contributor | 風管系 | |
dc.creator | 鄭士卿 | |
dc.creator | Jeng, Vivian | |
dc.creator | Huang, Rachel J. | |
dc.creator | Wang, Cheng-Wei | |
dc.creator | YueChing, Jack C. | |
dc.creator | Yue, Syang Jack | |
dc.date | 2021-09 | |
dc.date.accessioned | 2022-04-11T07:10:15Z | - |
dc.date.available | 2022-04-11T07:10:15Z | - |
dc.date.issued | 2022-04-11T07:10:15Z | - |
dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/139819 | - |
dc.description.abstract | Using 2008–2018 data for all publicly-listed firms in Taiwan, this paper tests for asymmetric information in the Directors` and Officers` (D&O) liability insurance market. We argue that size and book-to-market ratio contain information such as managerial risk preferences and their intention to reduce litigation risk. Our results show that a negative relationship exists between litigation risk and insurance purchase among small and low book-to-market firms. Our findings pinpoint out the importance of using size and the book-to-market ratio when detecting asymmetric information in the corporate level. | |
dc.format.extent | 827742 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.relation | Pacific-Basin Finance Journal, Vol.68, pp.101560 | |
dc.subject | Size;Book-to-market;Directors` and officers` liability insurance;Advantageous selection;Intangible information;Adverse selection | |
dc.title | Does Size and Book-to-Market Contain Intangible Information about Managerial Incentives? Learning from Corporate D&O Insurance Purchase | |
dc.type | article | |
dc.identifier.doi | 10.1016/j.pacfin.2021.101560 | |
dc.doi.uri | https://doi.org/10.1016/j.pacfin.2021.101560 | |
item.fulltext | With Fulltext | - |
item.grantfulltext | restricted | - |
item.cerifentitytype | Publications | - |
item.openairetype | article | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
Appears in Collections: | 期刊論文 |
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