诉讼风险与董事高管责任保险--基于中国A股上市公司的经验证据

发布时间：2018-03-10 06:41

本文选题：诉讼风险　切入点：董事高管责任保险　出处：基于中国A股上市公司的经验证据　论文类型：期刊论文

【摘要】：文章选取2009-2014年中国A股上市公司为研究样本,实证检验诉讼风险对董事高管责任保险需求的影响,并结合我国特殊的制度背景做进一步分析。研究结果表明,诉讼风险与企业董事高管责任保险的购买决策呈显著正相关关系,即诉讼风险越高,企业购买董事高管责任保险的动机越强。进一步研究发现,法律环境和政治关联起到调节作用,体现在较好的法律环境下增强了诉讼风险与董事高管责任保险之间的关系,而政治关联的存在则减弱了二者之间的正相关关系。文章的研究丰富了董事高管责任保险的需求动因理论,并在一定程度上解释了我国董事高管责任保险投保热情不高的原因,研究结论为董事高管责任保险在我国的发展和普及提供了政策和建议参考。
[Abstract]:This paper selects Chinese A-share listed companies from 2009-2014 as the research sample, empirically tests the impact of litigation risk on directors' liability insurance demand, and makes further analysis combining with the special institutional background of our country. The research results show that, There is a significant positive correlation between the litigation risk and the purchase decision of the directors' liability insurance, that is, the higher the litigation risk, the stronger the motivation to purchase the directors' liability insurance. The legal environment and political connection play an important role in regulating the relationship between the risk of litigation and the liability insurance of directors and executives in a better legal environment. The existence of political connection weakens the positive correlation between the two. The research enriches the demand motivation theory of directors' liability insurance and explains to some extent the reason why the enthusiasm of directors' liability insurance is not high. The conclusions provide policy and suggestions for the development and popularization of directors' liability insurance in China.
【作者单位】：西南大学经济管理学院;暨南大学管理学院;中央财经大学会计学院;
【基金】：国家自然科学基金项目“中国上市公司D&O保险需求动因及其治理效应研究”(71562010) 国家自然科学基金面上项目“预算管理程序公平:决定因素与影响后果”(71672208) 中央高校基本业务费资助项目“并购业绩补偿承诺的影响因素及其经济后果研究”(SWU1709302) 中央高校基本业务费资助项目“并购业绩承诺对股价崩盘风险的影响及其传导路径研究”(SWU1709381)
【分类号】：D922.287;F832.51;F842.69

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