Path Analysis of Determinants of Directors' and Officers' Liability Insurance

• Main Authors: Chen, Yi Chin, 陳儀衿
• Other Authors: 張清福
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/57667347629145591451

碩士 === 國立政治大學 === 會計研究所 === 102 === Based on a sample of firms, except for financial companies, listed in Taiwan Securities Exchange and Gre Tai Securities Market over the period of 2008-2012, this study examines the determinants of directors’ and officers’ liability insurance and the cause-effect relations among these determinants which are presented by path diagram. The empirical result indicates that the number of shareholders, size, directors’ and supervisors’ ownership, outsider ownership, and percentage of independent directors and supervisors in the board of directors are positively related to the amount of directors’ and officers’ liability insurance. The chief executive officer as the chairman of the board is negatively associated with the amount of directors’ and officers’ liability insurance. The manager ownership, return on asset, debt ratio and the directors’ and supervisors’ reward are not related to the amount of directors’ and officers’ liability insurance.