Gillan, Stuart L.; Panasian, Christine A. - In: The International Journal of Accounting 49 (2014) 4, pp. 426-454
We find that D&O insurance premiums for Canadian firms cross-listed in the US are more than twice those of Canadian … premia for both litigation risk and the complexity of firms' financial disclosures. In particular, we show that D&O liability … insurers charge differently for cross-listed firms that have different levels of disclosure; while D&O premiums are …