Liu, Jiamin; Jiang, Yalin; Gan, Shengdao; Chen, Ran - In: China journal of accounting research : CJAR 15 (2022) 4, pp. 1-23
The governance effects of directors' and officers' liability insurance (D&O insurance), an important tool for risk … examine the impact of D&O insurance on excess corporate leverage. We find that D&O insurance is negatively associated with … excess corporate leverage and that this result is consistent with a series of robustness tests. Further analyses show that D&O …