Directors' and officers' liability insurance: a systematic literature review

MBU Bhuiyan, F Ahmad, JY Wu… - Journal of Accounting …, 2024 - emerald.com
Purpose We review and synthesize the existing research on directors' and officers'(D&O)
liability insurance. Our objectives are (1) to examine the institutional forces and regulatory …

Directors' and officers' liability insurance and stock price crash risk

R Yuan, J Sun, F Cao - Journal of Corporate Finance, 2016 - Elsevier
We investigate the impact of directors' and officers' insurance (D&O insurance) on stock
price crash risk. We find that D&O insurance in China is negatively associated with stock …

Directors׳ and officers׳ liability insurance and the cost of equity

Z Chen, OZ Li, H Zou - Journal of Accounting and Economics, 2016 - Elsevier
We examine whether directors׳ and officers׳(D&O) liability insurance affects a firm's cost of
equity. We find a positive association between D&O insurance and the cost of equity …

Does directors' and officers' liability insurance improve corporate ESG performance? Evidence from China

S Tang, L He, F Su, X Zhou - International Journal of Finance & …, 2024 - Wiley Online Library
We examine the causal effect of directors' and officers' liability insurance (D&O insurance)
on environmental, social and governance (ESG) performance in China's listed firms. Using a …

Shareholder litigation rights and capital structure decisions

NH Nguyen, HV Phan, E Lee - Journal of Corporate Finance, 2020 - Elsevier
We exploit the staggered adoption of the universal demand (UD) laws across US states,
which impedes shareholder rights to initiate derivative lawsuits, as a quasi-natural …

Does directors' and officers' liability insurance induce empire building? Evidence from corporate labor investment

QS Wang, S Lai, S Pi, H Anderson - Pacific-Basin Finance Journal, 2022 - Elsevier
This study examines whether directors' and officers'(D&O) insurance affects corporate
employment decision-making. Using a 2006–2018 sample of Chinese public firms, we find …

Directors' and officers' liability insurance and firm innovation

J Wang, J Zhang, H Huang, F Zhang - Economic Modelling, 2020 - Elsevier
In this paper, we investigate the impact of directors' and officers' insurance (D&O insurance)
on firm innovation in China. We find that D&O insurance is significantly positively associated …

Confucianism and D&O insurance demand of Chinese listed companies

X Kong, S Xu, MY Liu, KC Ho - Pacific-Basin Finance Journal, 2023 - Elsevier
This study explores the relationship between Confucianism and business ethics and
explains the reasons for the low coverage of directors' and officers'(D&O) insurance in …

Directors' and officers' liability insurance, corporate risk and risk taking: New panel data evidence on the role of directors' and officers' liability insurance

MM Boyer, S Tennyson - Journal of Risk and Insurance, 2015 - Wiley Online Library
This article develops and tests hypotheses regarding the relationship between directors' and
officers'(D&O) insurance purchase and firm size, governance characteristics, and business …

The impact of directors' and officers' liability insurance on firm's investment efficiency: evidence from China

W Li, H Li, XS Sun, TK Huang - Pacific Accounting Review, 2023 - emerald.com
The impact of directors’ and officers’ liability insurance on firm’s investment efficiency: evidence
from China | Emerald Insight Books and journals Case studies Expert Briefings Open Access …