Please use this identifier to cite or link to this item: https://ah.nccu.edu.tw/handle/140.119/99562


Title: 公司特性對董監事責任險需求之影響
The Impact of Company on the Demand of the D&O Liability Insurance
Authors: 涂凱捷
Contributors: 鄭士卿
涂凱捷
Keywords: 董監事責任險
帳面市值比
公司特性
Date: 2015
Issue Date: 2016-08-02 17:16:55 (UTC+8)
Abstract: 本文研究目的是以 2008 年至 2013 年台灣上市櫃公司為研究對象,分析上市櫃公司特性對於董監事責任險需求之影響。本研究為了探討公司購買董監事責任險之意圖,除了參考過去文獻,以當年度分析公司特性對董監事責任險需求影響外,並加入隔年度變化分析,以公司的特性預估公司隔年保額的變化,探討公司特性與需求之關係。此外,由於台灣董監事責任險市場不同於歐美,購買率約六成,本研究進一步分群探討已購買公司及未購買公司兩者間特性對需求影響之差異。最後,考量公司規模及帳面市值比對於公司行為的重要性,本研究以兩變數加以分群,探討分群後特性對需求之影響。而研究結果為公司財務表現好或重視公司治理的公司,其對於董監事責任險需求較高。因此,本研究認為台灣上市櫃公司購買董監事責任險的道德風險相對低。且不同的特性的公司對於董監事責任險之需求亦存在差異,透過了解此差異將有利於董監事責任險之銷售。
Reference: 一、 中文部分
陳彩稚、張瑞益,2011,公司治理:董監事責任與董事會結構,管理評論,30(3),1-23。
陳彩稚、龐嘉慧,2008,董監事暨重要職員責任保險之需求因素分析,台大管理論叢,18(2),171-196。
二、 英文部分
Baker, Tom and Griffith, Sean J., 2007, Predicting Corporate Governance Risk: Evidence from the Directors' and Officers' Liability Insurance Market. Chicago Law Review, Vol. 74, p. 487.
Bhagat, S., J. A. Brickley, and J. L. Coles, 1987, Managerial indemnification and liability insurance: The effect on shareholder wealth, Journal of Risk and Insurance, 54, 721-736.
Boyer, M. M., 2003a, “Is the Demand for Corporate Insurance a Habit? Evidence from Directors’and Officers’ Insurance,” CIRANO Working Paper, No. 2003s-42.
Boyer, M. M., 2003b, “Directors’ and Officers’ Insurance and Shareholders’ Protection,”CIRANO Working Paper, No. 2003s-64.
Brook, Y. and K. S. Rao, 1994, Shareholder Wealth Effects of Directors’ Liability Limitation Provisions, Journal of Financial and Quantitative Analysis, 29, 481-497.
Cadbury, A., 1992, Committee on the Financial Aspects of Corporate Governance (London: GEC).
Chalmers, J., L. Dann, & J. Harford, 2002, Managerial opportunism? Evidence from director’s and officers’ insurance purchases, Journal of Finance, 57 (2), 609-636

Chen, T. J., and S. H. Li, 2010, Directors' and officers' insurance, corporate governance and firm performance, International Journal of Disclosure and Governance, 7 (3), 244-261.
Chung, H. H., and J. P. Wynn, 2008, Managerial legal liability coverage and earnings conservatism. Journal of Accounting and Economics, 46 (1), 135-153.
Core, J. E., 1997, On the Corporate Demand for Directors’ and Officers’ Insurance, Journal of Risk and Insurance, 64, 63-87.
Daniels, R. J. and S. M. Hutton, 1993, The Capricious Cushion: The Implications of the Directors’ and Officers’ Insurance Liability Crisis on Canadian Corporate Governance, Canadian Business Law Journal, 22, 182-230.
Fama, E. F. and M. C. Jensen, 1983, Separation of ownership and control, Journal of Law and Economics, 26, 301-325.
Gupta, Manu and Prakash, Puneet, 2012, Information Embedded in Directors and Officers Insurance Purchases.
Hampel, R., 1998, Committee on Corporate Governance ,GEE,London.
Holderness, C. G., 1990, Liability Insurers as Corporate Monitors, International Review of Law and Economics, 10,115-129.
Holderness, O., 1990, Liability as Corporate Monitors, International Review of Law and Economics, 10, 115-129.
Lin, Chen, Micah S. Officer, and Hong Zou, 2010, Managerial legal liability insurance and acquisition outcomes, SSRN Working Paper.
Mayers, D. and C. W. Smith, Jr., 1982, On the Corporate Demand for Insurance, Journal of Business, 55, 281-296.
O’Sullivan, N., 1997, Insuring the Agents: The Role of Directors, and Officers, Insurance in Corporate Governance, Journal of Risk and Insurance, 64,545-556.
Priest, G. L., 1987, The current insurance crisis and modern tort law, Yale Law Journal, 96 (7), 1521-1590.
Romano, R, 1991, The shareholder suit: Litigation without foundation, The Journal of Law, Economics, and Organization, 7 (1), 55-87.
Zou, Hong, Sonia Wong, Clement Shum, Jun Xiong, and Jun Yan, 2008, Controlling-minority shareholder incentive conflicts and directors’ and officers’ liability insurance: Evidence from China, Journal of Banking & Finance, 32, 2636-2645.
Description: 碩士
國立政治大學
風險管理與保險研究所
103358007
Source URI: http://thesis.lib.nccu.edu.tw/record/#G0103358007
Data Type: thesis
Appears in Collections:[風險管理與保險學系] 學位論文

Files in This Item:

File SizeFormat
800701.pdf689KbAdobe PDF354View/Open


All items in 學術集成 are protected by copyright, with all rights reserved.


社群 sharing