This paper examines the demand for directors' and officers' liability insurance (D&O insurance) by Chinese listed companies where controlling-minority shareholder incentive conflicts are acute due to the concentrated and split ownership structure. We hypothesize and find evidence that the...

Based on the framework of industrial organization, the paper adopts the Translog model to determine the scale and scope economies of the property-liability insurance industry in China. We make use of the data of all insurers in China between 2012 and 2014 and use the insurance claims and premium...

This paper provides a comparative analysis of the approach adopted in Chinese and English law to the issue of concurrent causation in insurance law. The paper notes that the Chinese courts adopt a proportional liability regime to hold insurers liable if one of the proximate causes is an insured...

China's insurance market is one of the most important emerging markets in the world. With over 1.7 trillion RMB (284 billion USD) in premiums written in 2013, China has become the fourth largest insurance market in the world. Property-liability insurance has a longer history in China and...

Using hand-collected data on purchases of D&O insurance by Chinese listed firms for the period from 2008 to 2019, we empirically find that D&O insurance negatively associates with credit spreads. The negative relationship still holds after conducting a series of robustness tests and is not...

This article examines the effects of directors’ and officers’ liability (D&O) insurance on the quality of environmental information disclosure in China. We present strong evidence that the D&O insurance enhances the quality of environmental information disclosure, consistent with governance...

Objective: To assess the characteristics and incidence of medical litigation in China and the potential usefulness of the records of such litigation as an indicator of healthcare quality. Methods: We investigated 13,620 cases of medical malpractice litigation that ended between 2010 and 2015 and...