Matches in SemOpenAlex for { <https://semopenalex.org/work/W4360620171> ?p ?o ?g. }
- W4360620171 endingPage "101996" @default.
- W4360620171 startingPage "101996" @default.
- W4360620171 abstract "This study explores the relationship between Confucianism and business ethics and explains the reasons for the low coverage of directors' and officers' (D&O) insurance in emerging markets from the perspective of informal institutions. Using a sample of Chinese listed companies that issued A-shares from 2004 to 2020 and the index of jinshi degree holder density as the proxy variable for Confucianism, we empirically tested the impact of Confucianism on corporate D&O insurance demand. Our results demonstrated that ethical values such as integrity, honesty, and wisdom in Confucianism restrain the D&O insurance market. This result is robust to instrumental variables, propensity score matching, the Heckman two-step regression, and other methods. Our mechanism analysis revealed that corporate risk-taking is an important channel through which Confucianism inhibits the D&O insurance demand of listed companies. Further analysis showed that the external regulatory, legal, and natural environments are important factors affecting the negative correlation between them. The influence of Confucianism on D&O insurance demand is more significant if the corporate executive team lacks foreign experience or exhibits high decision-making myopia. Confucianism has a more significant inhibitory effect on D&O insurance in state-owned enterprises, non-foreign holding companies, and firms with small holdings by institutional investors. Litigation risk significantly enhances the inhibitory effect of Confucianism on D&O insurance." @default.
- W4360620171 created "2023-03-24" @default.
- W4360620171 creator A5004592887 @default.
- W4360620171 creator A5027352214 @default.
- W4360620171 creator A5072617935 @default.
- W4360620171 creator A5073770911 @default.
- W4360620171 date "2023-06-01" @default.
- W4360620171 modified "2023-10-10" @default.
- W4360620171 title "Confucianism and D&O insurance demand of Chinese listed companies" @default.
- W4360620171 cites W102423720 @default.
- W4360620171 cites W1496268815 @default.
- W4360620171 cites W1594652350 @default.
- W4360620171 cites W1967307469 @default.
- W4360620171 cites W1968146826 @default.
- W4360620171 cites W1970839045 @default.
- W4360620171 cites W1993476554 @default.
- W4360620171 cites W2003670822 @default.
- W4360620171 cites W2024711075 @default.
- W4360620171 cites W2029073052 @default.
- W4360620171 cites W2031248119 @default.
- W4360620171 cites W2037121359 @default.
- W4360620171 cites W2056238342 @default.
- W4360620171 cites W2064204457 @default.
- W4360620171 cites W2075593479 @default.
- W4360620171 cites W2085732918 @default.
- W4360620171 cites W2090756757 @default.
- W4360620171 cites W2093611241 @default.
- W4360620171 cites W2104060690 @default.
- W4360620171 cites W2121601648 @default.
- W4360620171 cites W2136823593 @default.
- W4360620171 cites W2224218618 @default.
- W4360620171 cites W225261289 @default.
- W4360620171 cites W2553263233 @default.
- W4360620171 cites W2565736437 @default.
- W4360620171 cites W2591654989 @default.
- W4360620171 cites W2752617332 @default.
- W4360620171 cites W2790458522 @default.
- W4360620171 cites W2795002608 @default.
- W4360620171 cites W2890031211 @default.
- W4360620171 cites W2906820974 @default.
- W4360620171 cites W2946480807 @default.
- W4360620171 cites W2948906419 @default.
- W4360620171 cites W2989945806 @default.
- W4360620171 cites W304754458 @default.
- W4360620171 cites W3119220366 @default.
- W4360620171 cites W3120666174 @default.
- W4360620171 cites W3121736426 @default.
- W4360620171 cites W3121743111 @default.
- W4360620171 cites W3122486910 @default.
- W4360620171 cites W3123055067 @default.
- W4360620171 cites W3123405666 @default.
- W4360620171 cites W3123517884 @default.
- W4360620171 cites W3123542774 @default.
- W4360620171 cites W3123574868 @default.
- W4360620171 cites W3123659852 @default.
- W4360620171 cites W3124319942 @default.
- W4360620171 cites W3124462313 @default.
- W4360620171 cites W3124775577 @default.
- W4360620171 cites W3124948273 @default.
- W4360620171 cites W3125302922 @default.
- W4360620171 cites W3125459544 @default.
- W4360620171 cites W3125499115 @default.
- W4360620171 cites W3125645407 @default.
- W4360620171 cites W3125740133 @default.
- W4360620171 cites W3125792452 @default.
- W4360620171 cites W3160100564 @default.
- W4360620171 cites W3174283929 @default.
- W4360620171 cites W4213194966 @default.
- W4360620171 cites W4220806190 @default.
- W4360620171 cites W95871107 @default.
- W4360620171 doi "https://doi.org/10.1016/j.pacfin.2023.101996" @default.
- W4360620171 hasPublicationYear "2023" @default.
- W4360620171 type Work @default.
- W4360620171 citedByCount "0" @default.
- W4360620171 crossrefType "journal-article" @default.
- W4360620171 hasAuthorship W4360620171A5004592887 @default.
- W4360620171 hasAuthorship W4360620171A5027352214 @default.
- W4360620171 hasAuthorship W4360620171A5072617935 @default.
- W4360620171 hasAuthorship W4360620171A5073770911 @default.
- W4360620171 hasConcept C119857082 @default.
- W4360620171 hasConcept C121955636 @default.
- W4360620171 hasConcept C144133560 @default.
- W4360620171 hasConcept C162118730 @default.
- W4360620171 hasConcept C162324750 @default.
- W4360620171 hasConcept C17744445 @default.
- W4360620171 hasConcept C199539241 @default.
- W4360620171 hasConcept C2777293324 @default.
- W4360620171 hasConcept C2780148112 @default.
- W4360620171 hasConcept C41008148 @default.
- W4360620171 hasConcept C556758197 @default.
- W4360620171 hasConceptScore W4360620171C119857082 @default.
- W4360620171 hasConceptScore W4360620171C121955636 @default.
- W4360620171 hasConceptScore W4360620171C144133560 @default.
- W4360620171 hasConceptScore W4360620171C162118730 @default.
- W4360620171 hasConceptScore W4360620171C162324750 @default.
- W4360620171 hasConceptScore W4360620171C17744445 @default.
- W4360620171 hasConceptScore W4360620171C199539241 @default.
- W4360620171 hasConceptScore W4360620171C2777293324 @default.