In this review, we challenge the idea that directors are well positioned to be effective
monitors of management. Moving beyond the logic of incentives and ability, we …

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 …

We investigate whether and to what extent shareholder litigation shapes corporate
innovation by examining the staggered adoption of universal demand laws in 23 states from …

This paper documents that changes in litigation risk affect corporate voluntary disclosure
practices. We make causal inferences by exploiting three legal events that generate …

Exploiting the staggered adoption of universal demand (UD) laws as exogenous shocks to
filing derivative lawsuits, we find that weakened shareholder litigation rights cause a …

The importance of green innovation has been underlined by the 26th United Nations
Climate Change Conference (COP26). This study examines the data from Chinese listed …

We examine whether directors׳ and officers׳(D&O) liability insurance affects a firm's cost of
equity. We find a positive association between D&O insurance and the cost of equity …

The impact of directors’ and officers’ liability insurance on firm’s investment efficiency: evidence
from China | Emerald Insight Books and journals Case studies Expert Briefings Open Access …

We examine the causal effect of directors' and officers' liability insurance (D&O insurance)
on environmental, social and governance (ESG) performance in China's listed firms. Using a …

Purpose We review and synthesize the existing research on directors' and officers'(D&O)
liability insurance. Our objectives are (1) to examine the institutional forces and regulatory …