The Market for directors' and officers' insurance

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MARC record
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040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
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1001 ‎$0‎MAPA20130011745‎$a‎Fier, Stephen G.
24514‎$a‎The Market for directors' and officers' insurance‎$c‎Stephen G. Fier, Andre P. Liebenberg
520  ‎$a‎Directors' and officers' (D&O) liability insurance is a commonly used risk management tool for corporations both in the United States and abroad. While prior research has focused on the demand for D&O insurance and its role in corporate governance, there is an absence of literature on the supply side of the D&O market. Using the newly available D&O Insurance Coverage Supplement to insurers' statutory filings, we develop a more comprehensive understanding of the D&O insurance market and of those firms that write D&O coverage. We develop and estimate a model of the decision to write D&O insurance and the extent of market participation. Our results suggest that there are significant operational and financial differences between firms that supply D&O insurance and those that do not. Several of these differences (specifically, size, diversification, and organizational form) are consistent with the predictions of the managerial discretion hypothesis
650 4‎$0‎MAPA20080631192‎$a‎Responsabilidad civil de la empresa
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080634681‎$a‎Seguro de responsabilidad civil profesional
650 4‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
650 4‎$0‎MAPA20080600938‎$a‎Dirección de empresas
650 4‎$0‎MAPA20080590802‎$a‎Estudios de mercado
650 4‎$0‎MAPA20080612023‎$a‎Predicciones económicas
650 4‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 4‎$0‎MAPA20080556402‎$a‎Seguro D&O
650 4‎$0‎MAPA20100006429‎$a‎Directors and officers (insurance)
7001 ‎$0‎MAPA20080267391‎$a‎Liebenberg, André P.
7730 ‎$w‎MAP20077001748‎$t‎Risk management & insurance review‎$d‎Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-‎$x‎1098-1616‎$g‎06/10/2014 Tomo 17 Número 2 - 2014 , p. 215-239