| Summary: | 碩士 === 南華大學 === 財務金融學系財務管理碩士班 === 103 === Insurance is an important mechanism for risk management, especially in recent years, "the Board of Supervisors cum important officers liability insurance" (Director's and Officers' Insurance, referred to as D & O liability insurance or directors and supervisors) is more highly valued.
The main purpose of this study was to investigate the directors and supervisors liability insurance and corporate governance impact on performance, the study in 2008 to 2013 in Taiwan listed companies in various industries completed the study, using multiple regression analysis, the empirical results show that the presence or absence of liability insurance coverage of directors and supervisors, managers holdings, the largest shareholder, the scale of the Board of Directors holding, transfer rate, and participation in the management of investment return on the assets to have the significant positive correlation, while controlling shareholders seats, chairman and managing director is inversely affected;
In addition, managers holdings, board size, reinvestment rates and participation in management but also on the return on equity has a significant positive correlation. The study found that the cabinet can be used as Taiwan listed companies in deciding whether to insure future liability of directors and supervisors, and as a reference when conducting corporate governance.
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