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題 名 | 董監事暨重要職員責任保險與財務報表重編之關聯性=The Relationship between Directors' and Officers' Liability Insurance and Financial Statement Restatements |
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作 者 | 湯麗芬; 廖秀梅; 李建然; | 書刊名 | 經濟論文叢刊 |
卷 期 | 43:4 2015.12[民104.12] |
頁 次 | 頁549-588 |
分類號 | 495.44 |
關鍵詞 | 董監事暨重要職員責任保險; 財務報表重編; 投保金額; Directors and officers liability insurance; Financial statement restatements; Insurance coverage; |
語 文 | 中文(Chinese) |
中文摘要 | 本文以2008年至2011年台灣上市(櫃)公司為研究對象,探討董監事暨重要職員責任保險(簡稱D&O保險)與財務報表重編之關聯性。實證結果發現,企業是否購買D&O保險與財務報表重編並不具有顯著關聯,但進一步針對有購買D&O保險的公司,探討投保金額與財務報表重編之關聯性時則發現,公司如依自身之特質及所面臨的風險投保適度的金額(即正常投保金額),將會降低公司財務報表重編的機率;但當公司投保金額超過公司自身所需之保險金額(即超額投保金額)愈大時,反而會誘發董監事與管理階層道德危機的行為,導致公司發生財務報表重編的機率愈高。 |
英文摘要 | Using publicly-available D&O insurance data of the listed firms in Taiwan from 2008 to 2011, this study examines the relationship between directors' and officers' liability insurance (D&Oinsurance hereafter) and financial statement restatements. The preliminary results do not show a significant association between D&Oinsurance and the occurrence of financial statement restatements. However, further exploring the association between D&O insurance coverage and financial statement restatements for firms with D&O insurance, we find that D&O insurance coverage has a significant impact on the incident of financial statement restatements. If the firm purchases appropriate (normal) D&O insurance coverage that suits the firm's specific characteristics and risk, the likelihood of restatements will decrease. However, if the firm purchases excess (abnormal) D&O insurance coverage the likelihood of restatements will increase. This implies that abnormal D&O insurance coverage would have adverse effect on the directors' and managers' behaviors, and increase the probability of restatements. |
本系統中英文摘要資訊取自各篇刊載內容。