Effects of Directors’ and Officers’ Liability Insurance on Firm Value
碩士 === 國立臺中科技大學 === 會計資訊系碩士班 === 105 === The objective of this study is to examine the relationship between directors’ and officers’ (hereafter D&O) liability insurance and firm value for firms listed in Taiwan for the period from 2008 to 2015. This study uses stock price and Tobin’s Q value to...
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ndltd-TW-105NTTI56710092019-09-24T03:34:14Z http://ndltd.ncl.edu.tw/handle/4g38q6 Effects of Directors’ and Officers’ Liability Insurance on Firm Value 董監事責任險與公司價值之研究 Jing-Tang You 游景棠 碩士 國立臺中科技大學 會計資訊系碩士班 105 The objective of this study is to examine the relationship between directors’ and officers’ (hereafter D&O) liability insurance and firm value for firms listed in Taiwan for the period from 2008 to 2015. This study uses stock price and Tobin’s Q value to proxy for firm value and investigates the effects of D&O liability insurance purchase and the amount of insurance coverage on firm values. The empirical evidence shows that D&O liability insurance purchasers have higher firm values than non-purchasers. Further, firms with more D&O liability insurance limits have higher firm values. In sum, the empirical evidence demonstrates that D&O liability insurance is positively related with firm value and plays an effective corporate governance role in governing Taiwanese listed firms and thereby increasing firm values. 蔡京姐 2017 學位論文 ; thesis 30 zh-TW |
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碩士 === 國立臺中科技大學 === 會計資訊系碩士班 === 105 === The objective of this study is to examine the relationship between directors’ and officers’ (hereafter D&O) liability insurance and firm value for firms listed in Taiwan for the period from 2008 to 2015. This study uses stock price and Tobin’s Q value to proxy for firm value and investigates the effects of D&O liability insurance purchase and the amount of insurance coverage on firm values. The empirical evidence shows that D&O liability insurance purchasers have higher firm values than non-purchasers. Further, firms with more D&O liability insurance limits have higher firm values. In sum, the empirical evidence demonstrates that D&O liability insurance is positively related with firm value and plays an effective corporate governance role in governing Taiwanese listed firms and thereby increasing firm values.
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蔡京姐 |
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蔡京姐 Jing-Tang You 游景棠 |
author |
Jing-Tang You 游景棠 |
spellingShingle |
Jing-Tang You 游景棠 Effects of Directors’ and Officers’ Liability Insurance on Firm Value |
author_sort |
Jing-Tang You |
title |
Effects of Directors’ and Officers’ Liability Insurance on Firm Value |
title_short |
Effects of Directors’ and Officers’ Liability Insurance on Firm Value |
title_full |
Effects of Directors’ and Officers’ Liability Insurance on Firm Value |
title_fullStr |
Effects of Directors’ and Officers’ Liability Insurance on Firm Value |
title_full_unstemmed |
Effects of Directors’ and Officers’ Liability Insurance on Firm Value |
title_sort |
effects of directors’ and officers’ liability insurance on firm value |
publishDate |
2017 |
url |
http://ndltd.ncl.edu.tw/handle/4g38q6 |
work_keys_str_mv |
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