Influence Factors of Directors and Officers LiabilityInsurance : Ownership Structure and Personnel Changes
碩士 === 國立高雄第一科技大學 === 財務管理所 === 98 === In response to the financial scandals of firms such as Enron and Procomp, induce investors to be concerned about corporate governance and financial reporting quality. The board members and managers face increasing litigation risks, which can be mitigated by pur...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2010
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| Online Access: | http://ndltd.ncl.edu.tw/handle/40748354047281127284 |
| Summary: | 碩士 === 國立高雄第一科技大學 === 財務管理所 === 98 === In response to the financial scandals of firms such as Enron and Procomp, induce investors to be concerned about corporate governance and financial reporting quality. The board members and managers face increasing litigation risks, which can be mitigated by purchasing Directors and Officers Liability Insurance. This study examines the effects of ownership structure and personnel changes on Directors and Officers Liability Insurance. The empirical results show that: 1) Managerial stock ownership, foreign investment institutional ownership, auditor changes and manager changes have positive impact on the D&O insurance. 2) The ownership of directors and major shareholders has negative impact on the D&O insurance.
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