Real earnings management and borrowing cost: The moderating effect of the directors' and officers' liability insurance
| Autor: | Geng-Yu Lin, 林耿裕 |
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| Rok vydání: | 2019 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 107 This study tries to examine the effects of real earnings management, directors’ and officers’ liability Insurance (D&O Insurance) on firm borrowing cost based on the data of public-listed firms in Taiwanese Electronics industry during 2010-2017. The empirical results show that borrowing cost is positively related to real earning management and negatively related to D&O insurance protection. However, the firm with more D&O insurance amount have higher borrowing cost. A further analysis of the protection effect from the directors’ and officers’ (D&O) liability insurance suggests that D&O protection intensifies the relationship between firm real earning management and borrowing cost. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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