Managerial Legal Liability Coverage and Earnings Conservatism

By Hyeesoo Hyun Chung, Jinyoung P. Wynn. 2008

217 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/d9836e6d0715f863a01afb5a377fe714dcb5805b

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Citations in the corpus

Selection models in accounting research (2012, background): “Disclosure Auditing Other Financial Accounting Leuz and Verrecchia (2000) Kim et al. (2003) Beatty et al.”
Directors’ and Officers’ Liability Insurance and Acquisition Outcomes (2011, unknown): “Wynn (2008) reports that the liability coverage proxied by a firm’s excess cash holding appears to affect a firm’s disclosure of bad news in US listed Canadian companies.”
Product market competition and conditional conservatism (2014, unknown): “We also include a proxy for litigation risk using a firmspecific measure as modeled by Rogers and Stocken (2005).12 Prior studies indicate that firms can use conditional conservatism to reduce expected litigation costs (Basu 1997; Holthausen and Watts 2001; Chung and Wynn 2008).”
CEO Gender, Ethical Leadership, and Accounting Conservatism (2015, result): “Our approach and our choices of control variables are consistent with the extensive body of prior research that has adopted these models (e.g., Chen et al. 2010; Chung and Wynn 2008; Goh and Li 2011; Ramalingegowda and Yu 2012).”
Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, methodology): “Chung and Wynn (2008) find that D&O liability insurance coverage for Canadian firms is negatively associated with timely loss recognition. One paper provides negative evidence: within a sample of U.S. firms, Ruddock, Taylor, and Taylor (2006) find no relation between non-audit services, which could ”
Industry contagion in loan spreads (2012, unknown): “Companies purchase D&O insurance to recoup these indemnification costs, or to provide protection when indemnification does not apply (Core, 1997, Chung and Wynn, 2008).1 In fact, most securities class action lawsuits in the US brought by shareholders are settled out of court within the D&O…”
Corporate Governance, Accounting and Finance: A Review (2011, unknown): “Chung and Wynn (2008) find firms with less indemnity insurance cover for their managers have greater levels of reporting conservatism.”
Selection Bias and Econometric Remedies in Accounting and Finance Research (2011, unknown): “Examples of such models are Givoly, Hayn, and Katz [2010], Louis [2005], Leone, Rock, and Willenborg [2007], and Chung and Wynn [2008]. Another variation is to examine two treatments (not two choices of one treatment).”
Directors׳ and officers׳ liability insurance and the cost of equity☆ (2016, background): “…1997; O’Sullivan, 1997; Zou et al., 2008) and the effect of D&O insurance on accounting restatements (Kim, 2006), reporting conservatism (Chung and Wynn, 2008), management forecasts (Wynn, 2008), investment decisions (Lin et al., 2011) and loan financing (Lin et al., 2013), we document how D&O…”