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

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 price crash risk. This association is robust to a series of robustness checks including the use of alte...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of corporate finance (Amsterdam, Netherlands) Netherlands), 2016-04, Vol.37, p.173-192
Hauptverfasser:	Yuan, Rongli, Sun, Jian, Cao, Feng
Format:	Artikel
Sprache:	eng
Schlagworte:	Corporate governance Corporate social responsibility Directors' and officers' liability insurance Financial restatements Liability insurance Risk assessment Social responsibility Stock price crash risk Stock prices Studies
Online-Zugang:	Volltext
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