Article citationsMore>>

Zou, H., Wong, S., Shum, C., Xiong, J., & Yan, J. (2008) Controlling-Minority Shareholder Incentive Conflicts and Directors’ and Officers’ Liability Insurance: Evidence from China. Journal of Banking & Finance, 32, 2636-2645.
http://dx.doi.org/10.1016/j.jbankfin.2008.05.015

has been cited by the following article:

• TITLE: Litigation Risk, Judicial Transparency and Directors’ and Officers’ Liability Insurance

  AUTHORS: Yang Zhao, Jun Hu, Xing Shu

  KEYWORDS: Litigation Risk, Judicial Transparency, Directors’ and Officers’ Liability Insurance

  JOURNAL NAME: Journal of Financial Risk Management, Vol.5 No.4, October 21, 2016

  ABSTRACT: Using a sample of listed companies in China from 2009 to 2014, this paper investigates relation between litigation risk and the directors’ and officers’ liability insurance (D&O insurance). The research results show that the higher the risk of litigation, the stronger motivation of the company to buy the D&O insurance, and the judicial transparency has positive moderating effect on the above relationship. It is found that the demand of D&O is influenced by the previous company’s litigation risk and the continuous purchase of the D&O insurance could be promoted by the company's litigation. Our study enriched the D&O insurance demand motive theory, the research conclusion for the D&O insurance in the development of our country and popularity to provide policy and suggestions for reference.