This research uses directors\u27 and officers\u27 (D&O) insurance premiums to examine determinants of litigation risk. D&O premiums are collected from the proxy statements of a sample of Canadian firms. The results indicate that the litigation risk implied by a firm\u27s D&O premium reflects both business risk (variables including firm size, profitability and volatility) and how effectively the firm\u27s governance structure controls agency costs (variables including control of share votes by insiders, ownership of share value by insiders, the proportion of outside directors on the board, and management entrenchment). Measures of agency costs implied by the D&O premium exhibit a statistically positive relation to CEO compensation in excess ...
This paper investigates why large public companies in the UK purchase liability insurance for their ...
This article reports the results of empirical research on the monitoring role of directors’ and offi...
This paper studies whether and how responsible (or irresponsible) financial reporting practices are ...
A directors’ and officers’ (D&O) liability insurance policy prices the risk of litigation. The objec...
Litigation risk has been hypothesized to affect managerial behavior in a number of ways. An understa...
Using a sample of directors\u27 and officers\u27 (D & O) premiums gathered from the proxy statements...
After many years in which directors have used directors ’ and officers ’ (D&O) coverage to shiel...
The purpose of this paper is to investigate the relationship between D&O liability insurance and...
This Article examines how liability insurers transmit and transform the content of corporate and sec...
This paper develops and tests hypotheses regarding the relationship between D&O insurance purchase a...
We examine whether directors׳ and officers׳ (D&O) liability insurance affects a firm’s cost of equit...
In 2001, Nevada significantly limited the personal legal liability of corporate officers and directo...
This paper examines whether legal liability coverage, as measured by the level of Directors\u27 and ...
Our study examines the association between D&O insurance and excess director compensation using ...
This article reports the results of empirical research on the monitoring role of directors\u27 and o...
This paper investigates why large public companies in the UK purchase liability insurance for their ...
This article reports the results of empirical research on the monitoring role of directors’ and offi...
This paper studies whether and how responsible (or irresponsible) financial reporting practices are ...
A directors’ and officers’ (D&O) liability insurance policy prices the risk of litigation. The objec...
Litigation risk has been hypothesized to affect managerial behavior in a number of ways. An understa...
Using a sample of directors\u27 and officers\u27 (D & O) premiums gathered from the proxy statements...
After many years in which directors have used directors ’ and officers ’ (D&O) coverage to shiel...
The purpose of this paper is to investigate the relationship between D&O liability insurance and...
This Article examines how liability insurers transmit and transform the content of corporate and sec...
This paper develops and tests hypotheses regarding the relationship between D&O insurance purchase a...
We examine whether directors׳ and officers׳ (D&O) liability insurance affects a firm’s cost of equit...
In 2001, Nevada significantly limited the personal legal liability of corporate officers and directo...
This paper examines whether legal liability coverage, as measured by the level of Directors\u27 and ...
Our study examines the association between D&O insurance and excess director compensation using ...
This article reports the results of empirical research on the monitoring role of directors\u27 and o...
This paper investigates why large public companies in the UK purchase liability insurance for their ...
This article reports the results of empirical research on the monitoring role of directors’ and offi...
This paper studies whether and how responsible (or irresponsible) financial reporting practices are ...