| dc.contributor | 風險管理與保險學系 | zh_TW |
| dc.creator (作者) | 陳彩稚 | zh_TW |
| dc.creator (作者) | Chen, Tsai-Jyh;Chang, Jui-I | en_US |
| dc.date (日期) | 2016-01 | |
| dc.date.accessioned | 8-Jan-2018 12:35:38 (UTC+8) | - |
| dc.date.available | 8-Jan-2018 12:35:38 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-Jan-2018 12:35:38 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/115522 | - |
| dc.description.abstract (摘要) | This paper studies firm risk-taking strategies when the top management is covered by directors?? and officers?? (D&O) insurance. By way of 3SLS simultaneous equations models and eight risk-taking strategies, we test whether insured firms perform better risk-taking strategies. The findings show that D&O insurance has a positive impact on board independence. The empirical evidence also indicates that risk-taking strategies are significantly related to board independence and D&O insurance coverage. D&O insurance presents a substitution effect for board independence on risk-taking strategies. The firms with more independent directors perform better risk-taking strategies, which aligns with stakeholders?? interests and mitigate litigation risk, and thus demand less D&O insurance. Additionally, the influential power of the board independence and D&O insurance on risk-taking strategies may vary with the corporate ownership structure and macroeconomic environment. | en_US |
| dc.format.extent | 114 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Academy of Management Proceedings, 2016 (Meeting Abstract Supplement) 11378 | en_US |
| dc.subject (關鍵詞) | corporate governance; D&O insurance; risk-taking strategies | en_US |
| dc.title (題名) | The Effect of D&O Liability Insurance on Corporate Risk-Taking Strategies (WITHDRAWN) | en_US |
| dc.type (資料類型) | conference | |
| dc.identifier.doi (DOI) | 10.5465/AMBPP.2016.11378abstract | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.5465/AMBPP.2016.11378abstract | |
