教師資料查詢 | 類別: 期刊論文 | 教師: 何佳玲 HO, CHIA-LING (瀏覽個人網頁)

標題:Corporate Transparency and Reserve Management: Evidence from US Property-Liability Insurance Companies
學年107
學期1
出版(發表)日期2018/11/01
作品名稱Corporate Transparency and Reserve Management: Evidence from US Property-Liability Insurance Companies
作品名稱(其他語言)
著者SangyongHan; Gene C.Lai; Chia-LingHo
單位
出版者
著錄名稱、卷期、頁數Journal of Banking and Finance 96, p.379-392
摘要Using a sample of US publicly traded property-liability insurers, we examine the effect of corporate transparency on earnings management. We find that a higher level of corporate transparency is associated with more conservative loss-reserves estimation. Our evidence shows that the positive effect of corporate transparency on insurers’ reserves-estimate conservatism is more pronounced for insurers that are smaller and have more diversified lines of business and that certain board characteristics—such as being smaller, meeting more frequently, and having a higher percentage of independent directors—can restrain the inadequate reserves management of less transparent US publicly traded property-liability insurers. We also provide evidence that additional regulatory mandates to seek greater transparency in the Sarbanes-Oxley Act may be redundant, given the existing regulations in the property-liability insurance industry. Finally, we find insurers’ conservative reserve estimates were more pronounced during the 2008–2009 financial crisis.
關鍵字Corporate transparency;Financial crisis;Reserve management;SOX
語言英文(美國)
ISSN
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別美國
公開徵稿
出版型式,電子版
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