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Using a sample of 5,752 Taiwanese firm-year observations over the 2008 to 2012 period, we examine whether and how the existence of D&O insurance may affect firm performance. Our results suggest that whether to purchase D&O insurance is an endogenous corporate behavior, D&O insurance is not...
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Research on the effectiveness of compensation committee is limited and inconclusive. In Taiwan on Nov 5th, 2010, news on the passage of a new legislation was announced that all firms with stocks traded in Taiwan Stock Exchange or OTC should set up a compensation committee within one year period....
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