| 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 | 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 | 是 |
| 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 ) |
| SDGS | 尊嚴就業與經濟發展,永續城市與社區,和平正義與有力的制度 |
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