Wang, Yu; Lu, Jiawei; Zhao, Xun - In: China journal of accounting studies 10 (2022) 3, pp. 367-389
insurance can effectively reduce corporate bond insurance pricing. The path test shows that the purchase of D&O liability … insurance can reduce the bond insurance pricing by improving the quality of company's internal control. Furthermore, the paper … purchase D&O liability insurance issue bonds with higher credit ratings and longer bond maturities. …