http://chineseinput.net/에서 pinyin(병음)방식으로 중국어를 변환할 수 있습니다.
변환된 중국어를 복사하여 사용하시면 됩니다.
Does Directors and Officers’ Liability Insurance Induce Bank Risk-taking? Evidence from Taiwan
Kuei-Fu Li,Yi-Ping Liao 한국증권학회 2017 Asia-Pacific Journal of Financial Studies Vol.46 No.1
This study investigates the effect of directors and officers’ (D&O) insurance on bank risk-taking. Using data from Taiwan banks, we find that: (i) the level of D&O insurance coverage is positively associated with risk-taking; and (ii) this positive relationship is less pronounced for banks whose insurers are highly credit-rated or specialists in the D&O insurance market. Overall, considering the severe consequences of greater bank risk-taking, our findings highlight the need for regulators to monitor the use of D&O insurance policies by banks.