Cao, Zhiyan; Narayanamoorthy, Ganapathi - School of Management, Yale University - 2005
-ante measure of litigation risk, namely, Directors and Officers (D&O) liability insurance premium. We find that accounting risk is … priced by D&O insurers. There is only limited evidence of traditional corporate governance measures getting priced. We also … risk. Additionally, we present evidence that pricing for D&O premiums is lower for companies which adopted limited …