| Summary: | 碩士 === 真理大學 === 財務與精算學系碩士班 === 105 === The capital structure of the past did not take into account the insurance factor, by using publicly available director and officer (D&O) insurance data for public companies in Taiwan from 2008 to 2015, we investigate the impact of the relationship between capital structure and directors and officers liability insurance. Empirical results show that firstly, the relationship between capital structure and D&O insurance is a significantly negative, that is , companies with D&O insurance have lower debt ratio. Secondly, corporate governance does not affect debt ratios through insured D&O insurance.
|
|---|
