Work

Director and Executive Liability Insurance and New Quality Productivity: "Empowering" or "Negative"

Year: 2025

Type: article

Abstract: This article takes the fault-tolerance mechanism of new quality productivity as the entry point, selects Shanghai and Shenzhen A-share listed companies from 2011 to 2022 as samples, and examines the impact of directors' and senior executives' liability insurance (D&O Insurance) on new quality productivity. Empirical findings show that the subscription of D&O Insurance empowers new quality productivity by increasing innovation output and improving the efficiency of resource allocation, and the conclusion still holds after the robustness test. This research not only provides theoretical support for the fault-tolerance effect of D&O Insurance, but also offers practical references for enterprises to cultivate and enhance new quality productivity.

Source: Accounting and Corporate Management

DOI: 10.23977/acccm.2025.070315

Authors: Zhongmin Zhang, Weiwei Zheng, Zhuotao Li

Institution: Guizhou University of Finance and Economics

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Funders: Guizhou University, Guizhou University of Finance and Economics

OpenAlex ID: W4411669087