Prior studies suggest that directors' and officers'(D&O) insurance induces moral hazard and
reduces incentives on behalf of stockholders. As a result, we argue that purchasing D&O …

We examine the effect of directors' and officers' liability insurance (D&O insurance) on the
behavior of independent directors and the effectiveness of their governance role. Using a …

Researchers have mostly estimated the performance–innovation nexus as a one‐way
relationship at macro levels. However, the possibility of reverse causality has not yet been …

This study investigates the relationship between directors and officers liability insurance
(D&O insurance) coverage and the probability of accounting restatements. The results show …

Purpose The purpose of this paper is to empirically analyze the impact of directors' and
officers'(D&O) liability insurance on enterprise strategic change. It also explores the …

Abstract Directors' and officers'(D&O) legal liability insurance is commonly provided to
corporate executives and directors. Prior literature suggests managers are more willing to …

The fundamental idea of directors' and officers'(D&O) liability insurance is to provide liability
protection to boards of directors and executive officers against accusations of wrongful acts …

We examine whether Directors and Officers (D&O) Insurance purchases around equity
issues is priced information. Our results support the managerial opportunism hypothesis that …

The main objective of this research study was to establish the relationship between earnings
management and financial performance of companies listed in Nairobi Securities Exchange …

We examine corporate purchases of Directors and Officers (D&O) liability insurance and find
that in addition to governance quality it contains managers' private information. In particular …