The Role of Directors’ and Officers’ Liability Insurance in Corporate Governance–An Empirical Study on Electronic Industry in Taiwan
博士 === 國立中央大學 === 企業管理研究所 === 94 === Holderness (1990) suggests that director’ and officers’ (D&O) liability insurance has an important governance role in publicly owned companies. O’Sullivan (1997) empirically tests Holderness’s monitoring hypothesis, the results generally support the monitorin...
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ndltd-TW-094NCU051210242015-10-13T16:31:34Z http://ndltd.ncl.edu.tw/handle/14491880320356160978 The Role of Directors’ and Officers’ Liability Insurance in Corporate Governance–An Empirical Study on Electronic Industry in Taiwan 董監事暨重要職員責任保險的公司治理角色實證研究-以台灣上市上櫃電子業為例 Jung-Ho Lu 盧榮和 博士 國立中央大學 企業管理研究所 94 Holderness (1990) suggests that director’ and officers’ (D&O) liability insurance has an important governance role in publicly owned companies. O’Sullivan (1997) empirically tests Holderness’s monitoring hypothesis, the results generally support the monitoring hypothesis. By examining the association between board composition, managerial ownership, external shareholder control, and the purchase of D&O insurance, this paper examines the role of Directors’ and Officers’ liability insurance in corporate governance of 619 TSE-Listed and Over-the-Counter Listed (OTC-Listed) electronic companies in Taiwan. Although the results merely partly support the monitoring hypothesis, this study not only can be considered an important first step in attempting to understand the governance role of D&O insurance but also provide some further insights on the demand for D&O insurance in Taiwan. Der-Juinn Horng 洪德俊 2005 學位論文 ; thesis 80 en_US |
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博士 === 國立中央大學 === 企業管理研究所 === 94 === Holderness (1990) suggests that director’ and officers’ (D&O) liability insurance has an important governance role in publicly owned companies. O’Sullivan (1997) empirically tests Holderness’s monitoring hypothesis, the results generally support the monitoring hypothesis. By examining the association between board composition, managerial ownership, external shareholder control, and the purchase of D&O insurance, this paper examines the role of Directors’ and Officers’ liability insurance in corporate governance of 619 TSE-Listed and Over-the-Counter Listed (OTC-Listed) electronic companies in Taiwan. Although the results merely partly support the monitoring hypothesis, this study not only can be considered an important first step in attempting to understand the governance role of D&O insurance but also provide some further insights on the demand for D&O insurance in Taiwan.
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author2 |
Der-Juinn Horng |
author_facet |
Der-Juinn Horng Jung-Ho Lu 盧榮和 |
author |
Jung-Ho Lu 盧榮和 |
spellingShingle |
Jung-Ho Lu 盧榮和 The Role of Directors’ and Officers’ Liability Insurance in Corporate Governance–An Empirical Study on Electronic Industry in Taiwan |
author_sort |
Jung-Ho Lu |
title |
The Role of Directors’ and Officers’ Liability Insurance in Corporate Governance–An Empirical Study on Electronic Industry in Taiwan |
title_short |
The Role of Directors’ and Officers’ Liability Insurance in Corporate Governance–An Empirical Study on Electronic Industry in Taiwan |
title_full |
The Role of Directors’ and Officers’ Liability Insurance in Corporate Governance–An Empirical Study on Electronic Industry in Taiwan |
title_fullStr |
The Role of Directors’ and Officers’ Liability Insurance in Corporate Governance–An Empirical Study on Electronic Industry in Taiwan |
title_full_unstemmed |
The Role of Directors’ and Officers’ Liability Insurance in Corporate Governance–An Empirical Study on Electronic Industry in Taiwan |
title_sort |
role of directors’ and officers’ liability insurance in corporate governance–an empirical study on electronic industry in taiwan |
publishDate |
2005 |
url |
http://ndltd.ncl.edu.tw/handle/14491880320356160978 |
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