臺灣人文及社會科學引文索引資料庫系統

:::

詳目顯示

回上一頁
第 1 筆 / 總合 1 筆   第一頁 上一頁 下一頁 最後一頁
/1頁
題名：The Effects of Directors' and Officers' Liability Insurance on Earnings Conservatism
書刊名：財務金融學刊
作者：周百隆 引用關係／林兆欣 引用關係／許碩芬 引用關係／楊傑安
作者(外文)：Chou, Pai-lung／Lin, Chaohsin／Hsu, Shuofen／Yang, Jie-an
出版日期：2015
卷期：23:1
頁次：頁57-83
主題關鍵詞：董監事及重要職員責任保險；自願性核閱；盈餘保守性；道德風險；Directors' and officers' liability insurance；Voluntary accounting review；Earnings conservatism；Moral hazard
原始連結：連回原系統網址new window
相關次數：
  • 被引用次數被引用次數:期刊(1) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:1
  • 共同引用共同引用:0
  • 點閱點閱:15
本文探討董事及重要職員責任保險的需求因素，及其與自願性核閱是否影響盈餘保守性。實證結果發現公司訴訟風險較高者，董監事（directors and officers, D&O）責任險需求也較高。其次，D&O責任險之保額愈高時，愈容易產生較不保守的盈餘報告。再者，自願性核閱會影響盈餘保守性，且與D&O責任險的購買存在互補關係。
We show that firms with greater litigation risk are more likely to purchase directors' and officers' (D&O) insurance. The data do not support the hypothesis that D&O insurance complements the existing monitoring mechanism. Instead, we find strong evidence that the higher the D&O liability coverage, which reduces the expected legal liability of directors and officers, the less conservative the firm's earnings. In addition, we find that firms that voluntarily choose to have a Certified Public Accountant (CPA) review tend to have fewer conservative earnings reports. Moreover, the demand for D&O insurance and the voluntary CPA review are complementary.
期刊論文
1.St. Pierre, K.、Anderson, J. A.(1984)。An Analysis of the Factors Associated with Lawsuits against Public Accountants。The Accounting Review，59(2)，242-263。  new window
2.Romano, Roberta(2006)。The States as a Laboratory: Legal Innovation and State Competition for Corporate Charters。Yale Journal on Regulation，23，209-248。  new window
3.Sullivan, Noel(1997)。Insuring the agents: The role of directors’ and officers’ insurance in corporate governance。The Journal of Risk and Insurance，64，545-556。  new window
4.Newey, W.、West, K.(1987)。A Simple, Positive Semi-Definite, Heteroskedasticily and Autocorrelation Consistent Covariance Matrix。Econometrica，55，703-708。  new window
5.Chandra, Uday(2011)。Income conservatism in the U.S. technology sector。Accounting Horizons，25(2)，285-314。  new window
6.Chen, Tsai-Jyh、Pang, Chia-Hui(2008)。An analysis of determinants of the corporate demand for directors’ and officers’ liability insurance。NTU Management Review，18，171-196。  new window
7.Finkelstein, Amy、McGarry, Kathleen(2006)。Multiple dimensions of private information: Evidence from the long-term care insurance market。American Economic Review，96(4)，938-958。  new window
8.Talaulicar, Till、Werder, Axel V.(2008)。Patterns of compliance with the German corporate governance code, Corporate Governance。An International Review，16，255-273。  new window
9.Werder, Axel V.、Talaulicar, Till、Kolat, Georg L.(2005)。Compliance with the German corporate governance code: An empirical analysis of the compliance statements by German listed companies。Corporate Governance: An International Review，13，178-187。  new window
10.Yamori, Nobuyoshi(1999)。An empirical investigation of the Japanese corporate demand for insurance。The Journal of Risk and Insurance，66(2)，239-252。  new window
11.Alexander, Janet C.(1991)。Do the merits matter? A study of settlements in securities class actions。Stanford Law Review，43，497-598。  new window
12.Johnson, M. F.、Kasznik, R.、Nelson, K. K.(2001)。The Impact of Securities Litigation Reform on the Disclosure of Forward-looking Information by High Technology Firms。Journal of Accounting Research，39(2)，297-327。  new window
13.Romano, R.(1991)。The Shareholder Suit: Litigation without Foundation?。The Journal of Law, Economics, and Organization，7(1)，55-87。  new window
14.Mayers, David、Smith, Jr. Clifford W.(1983)。On the Corporate Demand for Insurance。Journal of Business，55(2)，281-296。  new window
15.Regan, Laureen、Hur, Yeon(2007)。On the corporate demand for insurance: The case of Korean non-financial firms。Journal of Risk and Insrance，74，829-850。  new window
16.King, R.、Pownall, G.、Waymire, G.(1990)。Expectations Adjustment via Timely Management Forecasts: Review, Synthesis, and Suggestions for Future Research。Journal of Accounting Literature，9，113-44。  new window
17.Givoly, D.、Palmon, D.(1982)。Timeliness of Annual Earnings Announcements: Some Empirical Evidence。Accounting Review，57(3)，486-508。  new window
18.Beekes, Wendy、Pope, Peter F.、Young, Steven(2004)。The Link between Earnings Timeliness, Earnings Conservatism and Board Composition: Evidence from the UK。Corporate Governance: An International Review，12(1)，47-59。  new window
19.Gutiérrez, María(2003)。An Economic Analysis of Corporate Directors' Fiduciary Duties。The RAND Journal of Economics，34(3)，516-535。  new window
20.Francis, Jennifer、Philbrick, Donna、Schipper, Katherine(1994)。Shareholder litigation and corporate disclosure。Journal of Accounting Research，32(2)，137-164。  new window
21.Skinner, Douglas J.(1994)。Why firms voluntarily disclose bad News?。Journal of Accounting Research，32(1)，38-60。  new window
22.Mayers, David、Smith, Clifford W. Jr.(1990)。On the corporate demand for insurance: Evidence from the reinsurance market。The Journal of Business，63(1)，19-40。  new window
23.Easton, Peter D.、Harris, Trevor S.(1991)。Earnings As an Explanatory Variable for Returns。Journal of Accounting Research，29(1)，19-36。  new window
24.Basu, Sudipta(1997)。The conservatism principle and the asymmetric timeliness of earnings。Journal of Accounting and Economics，24(1)，3-37。  new window
25.Watts, Ross L.(2003)。Conservatism in accounting, Part I: Explanations and implications。Accounting Horizons，17(3)，207-221。  new window
26.Healy, Paul M.、Palepu, Krishna G.(2001)。Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature。Journal of Accounting and Economics，31(1-3)，405-440。  new window
27.Kellogg, R. L.(1984)。Accounting activities, security prices, and class action lawsuits。Journal of Accounting and Economics，6(3)，185-204。  new window
28.Givoly, Dan、Hayn, Carla K.(2000)。The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative?。Journal of Accounting & Economics，29(3)，287-320。  new window
29.Chalmers, John M. R.、Dann, Larry Y.、Harford, Jarrad(2002)。Managerial Opportunism? Evidence from Directors' and Officers' Insurance Purchases。The Journal of Finance，57(2)，609-636。  new window
30.Chung, Hyeesoo H.、Wynn, Jinyoung P.(2008)。Managerial legal liability coverage and earnings conservatism。Journal of Accounting and Economics，46(1)，135-153。  new window
31.Core, John E.(1997)。On the corporate demand for directors' and officers' insurance。Journal of Risk and Insurance，64(1)，63-87。  new window
32.Holderness, Clifford G.(1990)。Liability insurers as corporate monitors。International Review of Law and Economics，10(2)，115-129。  new window
33.Wynn, Jinyoung Park(2008)。Legal liability coverage and voluntary disclosure。The Accounting Review，83(6)，1639-1669。  new window
34.Core, John E.(2000)。The directors' and officers' insurance premium: An outside assessment of the quality of corporate governance。Journal of Law, Economics, and Organization，16(2)，449-477。  new window
35.Heckman, James Joseph(1979)。Sample Selection Bias as a Specification Error。Econometrica: Journal of the Econometric Society，47(1)，153-161。  new window
36.Jensen, Michael C.、Meckling, William H.(1976)。Theory of the firm: Managerial behavior, agency costs and ownership structure。Journal of Financial Economics，3(4)，305-360。  new window
研究報告
1.Boyer, M. M.、M. Delvaux-Derome(2002)。The demand for directors’ and officers’ insurance in Canada。Centre for Interuniversity Research and Analysis of Organizations (CIRANO)。  new window
2.Jones, Christopher L.、Weingram, Seth E.(1996)。The determinants of 10b-5 litigation risk。  new window
圖書
1.Cameron, A. Colin、Trivedi, Pravin K.(2010)。Microeconometrics Using Stata。College Station, Texas：Stata Press。  new window
2.Bliss, James H.(1924)。Management through Accounts。New York, NY：The Ronald Press Company。  new window
3.Christensen, John A.、Demski, Joel S.(2002)。Accounting Theory: An Information Content Perspective。Boston：McGraw-Hill/Irwin。  new window
4.Davidson, James(2000)。Econometric Theory。Wiley-Blackwell：Oxford。  new window
5.Lees, Francis A.(1981)。Public Disclosure of Corporate Earnings Forecasts。New York：The Conference Board。  new window
6.Company, Wyatt(1993)。Directors and Officers Liability Survey。Chicago：Wyatt Company。  new window
7.Palepu, Krishna G.、Healy, Paul M.、Bernard, Victor L.(2000)。Business Analysis and Valuation: Using Financial Statement。Cincinnati, OH：South-Western Publishing。  new window
其他
1.LaCroix, Kevin M.(2014)。The changing European liability landscape and the D&O Insurance marketplace,，http://www.dandodiary.com/2009/11/articles/ international-d-o/the-changing-european-liability-landscape-and-the-do-insu rance-marketplace， 2014/03/17。  new window
 
 
 
 
第一頁 上一頁 下一頁 最後一頁 top
QR Code
QRCODE

臺灣人文及社會科學引文索引資料庫

目前上線人數：863（臺灣：825，外國：38） ／ 本年度總使用人次：2475507 ／ 訪客人次（自102年09月）：68274354
國家圖書館著作權聲明 Copyright © 2013 All rights reserved.
本館地址: 100201臺北市中山南路20號． 本館地圖及交通資訊．
總機：(02)23619132．最佳瀏覽解析度為1024x768以上