Several theories have been developed to explain the motives for corporate insurance purchases, but there are few empirical tests of these theories. Furthermore, the empirical results are not consistent across studies, suggesting the need for further research. This study uses accounting data for...

Reputation risk is becoming a serious concern for financial services firms, yet is poorly understood and not well-managed. This article develops a five-step process to enable firms to integrate reputation risk management into their enterprise risk management structures. Firms should set a...