Directors' and officers' liability insurance and acquisition outcomes
Tài liệu tham khảo
Adams, 2011, Chief executive officer incentives, monitoring, and corporate risk management: evidence from insurance use, Journal of Risk and Insurance, 78, 551
Baker, 2007, Predicting corporate governance risk: evidence from the directors' & officers' liability insurance market, The University of Chicago Law Review, 74, 487
Barth, 2009, Corruption in bank lending to firms: cross-country microevidence on the beneficial role of competition and information sharing, Journal of Financial Economics, 91, 361, 10.1016/j.jfineco.2008.04.003
Bhagat, 1987, Managerial indemnification and liability insurance: the effect on shareholder wealth, Journal of Risk and Insurance, 54, 721, 10.2307/253119
Black, 2006, Outside director liability, Stanford Law Review, 58, 1055
Boyer, M., 2005. Directors' and Officers' Insurance and Shareholder Protection. Unpublished Working Paper. HEC-Montreal University.
Chalmers, 2002, Managerial opportunism? Evidence from directors' and officers' insurance purchases, Journal of Finance, 57, 609, 10.1111/1540-6261.00436
Cheffins, 2006, Outside director liability across countries, Texas Law Review, 84, 1385
Chung, 2008, Managerial legal liability coverage and earnings conservatism, Journal of Accounting and Economics, 46, 135, 10.1016/j.jacceco.2008.03.002
Core, 1997, On the corporate demand for directors' and officers' insurance, Journal of Risk and Insurance, 64, 63, 10.2307/253912
Core, 2000, The directors' and officers' insurance premium: an outside assessment of the quality of corporate governance, Journal of Law, Economics, & Organization, 16, 449, 10.1093/jleo/16.2.449
Cox, 1997, Making securities fraud class actions virtuous, Arizona Law Review, 39, 49
Datta, 2001, Executive compensation and corporate acquisition decisions, Journal of Finance, 56, 2299, 10.1111/0022-1082.00406
Ferreira, 2008, The colors of investor's money: the role of institutional investors around the world?, Journal of Financial Economics, 88, 499, 10.1016/j.jfineco.2007.07.003
Fu, F., Lin, L., Officer, M., 2010. Acquisitions Driven by Stock Overvaluation: Are they Good Deals? Unpublished Working Paper. Singapore Management University and Loyola Marymount University.
Gillan, S., Panasian, C., 2010a. Reassessing What Matters in Corporate Governance: Evidence from the Market for Directors' and Officers' Liability Insurance. Unpublished Working Paper. Texas Tech University.
Gillan, S., Panasian, C., 2010b. Cross-listing, Litigation Risk, and Insurance. Unpublished Working Paper, Texas Tech University.
Giroud, 2011, Corporate governance, product market competition, and equity prices, Journal of Finance, 66, 563, 10.1111/j.1540-6261.2010.01642.x
Gong, 2008, Earnings management, lawsuits, and stock-for-stock acquirers' market performance, Journal of Accounting and Economics, 46, 62, 10.1016/j.jacceco.2008.03.001
Grinstein, 2005, Institutional holdings and payout policy, Journal of Finance, 60, 1389, 10.1111/j.1540-6261.2005.00765.x
Harford, 2007, Decoupling CEO wealth and firm performance: the case of acquiring CEOs, Journal of Finance, 62, 917, 10.1111/j.1540-6261.2007.01227.x
Harford, J., Humphèry, M., Powell, R., 2010. The Sources of Value Destruction in Acquisitions by Entrenched Managers. Unpublished Working Paper. University of Washington.
Hart, 1983, The market mechanism as an incentive scheme, The Bell Journal of Economics, 14, 366, 10.2307/3003639
Healy, 1992, Does corporate performance improve after mergers?, Journal of Financial Economics, 31, 135, 10.1016/0304-405X(92)90002-F
Holderness, 1990, Liability insurers as corporate monitors, International Review of Law and Economics, 10, 115, 10.1016/0144-8188(90)90018-O
Houston, 2010, Creditor rights, information sharing and bank risk taking, Journal of Financial Economics, 96, 485, 10.1016/j.jfineco.2010.02.008
Jensen, 1986, The agency costs of free cash flow: corporate finance and takeovers, American Economic Review, 76, 323
Jensen, 1993, The modern industrial revolution, exit, and the failure of internal control systems, Journal of Finance, 48, 831, 10.2307/2329018
Lang, 1991, A test of the free cash flow hypothesis: the case of bidder returns, Journal of Financial Economics, 29, 315, 10.1016/0304-405X(91)90005-5
Lin, C., Ma, Y., Xuan, Y. Ownership structure and financial constraints: evidence from a structural estimation. Journal of Financial Economics, in press. doi:10.1016/j.jfineco.2011.06.001.
Lin, 2011, Ownership structure and the cost of corporate borrowing, Journal of Financial Economics, 100, 1, 10.1016/j.jfineco.2010.10.012
Masulis, 2007, Corporate governance and acquirer returns, Journal of Finance, 62, 1851, 10.1111/j.1540-6261.2007.01259.x
Mayers, 1982, On the corporate demand for insurance, Journal of Business, 55, 281, 10.1086/296165
Moeller, 2004, Firm size and the gains from acquisitions, Journal of Financial Economics, 73, 201, 10.1016/j.jfineco.2003.07.002
Morck, 1990, Do managerial objectives drive bad acquisitions?, Journal of Finance, 45, 31, 10.2307/2328808
Morck, 2000, Inherited wealth, corporate control, and economic growth, 319
Roll, 1986, The hubris hypothesis of corporate takeovers, Journal of Business, 59, 197, 10.1086/296325
Scharfstein, 1988, Product market competition and managerial slack, RAND Journal of Economics, 19, 147, 10.2307/2555404
Seligman, 2004, Rethinking private securities litigation, University of Cincinnati Law Review, 73, 95
Shea, 1997, Instrument relevance in multivariate linear models: a simple measure, Review of Economics and Statistics, 79, 348, 10.1162/rest.1997.79.2.348
Shleifer, 1997, A survey of corporate governance, Journal of Finance, 52, 737, 10.2307/2329497
Shleifer, 2003, Stock market driven acquisitions, Journal of Financial Economics, 70, 295, 10.1016/S0304-405X(03)00211-3
Stern, L., Boyer, M., 2010. Is Corporate Governance Risk Valued? Evidence from Directors' And Officers' Insurance. Unpublished Working Paper. Ohio State University and HEC Montreal University.
Thompson, 2004, The new look of shareholder litigation: acquisition-oriented class actions, Vanderbilt Law Review, 57, 131
Tillinghast-Towers Perrin, 2002. Directors and Officer Liability Survey. US and Canadian Results 2001.
Wang, 2009, Corporate governance transfer and synergistic gains from mergers and acquisitions, Review of Financial Studies, 22, 829, 10.1093/rfs/hhn018
Weiss, 2004, File early, then free ride: how Delaware law (mis)shapes shareholder class actions, Vanderbilt Law Review, 57, 1795
Wynn, 2008, Legal liability coverage and voluntary disclosure, Accounting Review, 83, 1639, 10.2308/accr.2008.83.6.1639
Zou, 2008, Controlling-minority shareholder incentive conflicts and directors' and officers' liability insurance: evidence from China, Journal of Banking & Finance, 32, 2632, 10.1016/j.jbankfin.2008.05.015
Zou, 2008, Debt capacity, cost of debt, and corporate insurance, Journal of Financial and Quantitative Analysis, 43, 433, 10.1017/S0022109000003586