期刊論文

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 Sangyong Han; Gene C.Lai; Chia-LingHo
單位
出版者
著錄名稱、卷期、頁數 Journal of Banking & 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 en_US
ISSN 0378-4266;1872-6372
期刊性質 國外
收錄於 SSCI Scopus
產學合作
通訊作者
審稿制度
國別 USA
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/116402 )