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Article
Publication date: 14 March 2008

64

Abstract

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Journal of Modelling in Management, vol. 3 no. 1
Type: Research Article
ISSN: 1746-5664

Available. Content available
Book part
Publication date: 6 September 2018

Abstract

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Advances in Pacific Basin Business, Economics and Finance
Type: Book
ISBN: 978-1-78756-446-6

Available. Open Access. Open Access
Article
Publication date: 18 June 2019

Ming-Te Lee and Kai-Ting Nien

The purpose of this paper is to address the opposing views of the relationship between directors’ and officers’ liability insurance (D&O insurance) and stock price crash risk in a…

1441

Abstract

Purpose

The purpose of this paper is to address the opposing views of the relationship between directors’ and officers’ liability insurance (D&O insurance) and stock price crash risk in a major Asian emerging stock market.

Design/methodology/approach

This paper finds an endogenous relationship between D&O insurance and stock price crash risk. Hence, the two-stage least squares regression analysis is used to address the endogeneity issue when the relationship is examined. Moreover, this paper further controls the quality of other corporate governance mechanisms to investigate whether D&O insurance still has an effect on stock price crash risk.

Findings

The effect of D&O insurance coverage is significantly negatively related to firm-specific stock price crash risk in Taiwan. More importantly, even when the quality of other corporate governance mechanisms is controlled, the negative relationship between D&O insurance coverage and firm-specific stock price crash risk remains significant. The evidence supports that D&O insurance serves as an effective external monitoring mechanism, strengthens corporate governance, and thus reduces stock price crash risk.

Originality/value

Emerging Asian markets suffer a dearth of research on the relationship of D&O insurance coverage and the firm-specific stock price crash risk. Investigating the relationship in Taiwan, the present study fills the research void. The findings show that D&O insurance plays an important role in reducing stock price crash risk of Taiwanese firms even when other corporate governance mechanisms are in place.

Details

Journal of Capital Markets Studies, vol. 3 no. 1
Type: Research Article
ISSN: 2514-4774

Keywords

Available. Content available
Article
Publication date: 28 August 2009

Tzong-Ru Lee and Goran Svensson

808

Abstract

Details

European Business Review, vol. 21 no. 5
Type: Research Article
ISSN: 0955-534X

Available. Open Access. Open Access
Article
Publication date: 29 July 2020

Ghoulemallah Boukhalfa, Sebti Belkacem, Abdesselem Chikhi and Said Benaggoune

This paper presents the particle swarm optimization (PSO) algorithm in conjuction with the fuzzy logic method in order to achieve an optimized tuning of a proportional integral…

1547

Abstract

This paper presents the particle swarm optimization (PSO) algorithm in conjuction with the fuzzy logic method in order to achieve an optimized tuning of a proportional integral derivative controller (PID) in the DTC control loops of dual star induction motor (DSIM). The fuzzy controller is insensitive to parametric variations, however, with the PSO-based optimization approach we obtain a judicious choice of the gains to make the system more robust. According to Matlab simulation, the results demonstrate that the hybrid DTC of DSIM improves the speed loop response, ensures the system stability, reduces the steady state error and enhances the rising time. Moreover, with this controller, the disturbances do not affect the motor performances.

Details

Applied Computing and Informatics, vol. 18 no. 1/2
Type: Research Article
ISSN: 2634-1964

Keywords

Available. Content available
Book part
Publication date: 10 October 2013

Abstract

Details

International Marketing in Rapidly Changing Environments
Type: Book
ISBN: 978-1-78190-896-9

Available. Open Access. Open Access
Article
Publication date: 30 April 2018

Seock-Jin Hong and François Domergue

The Korean airline industry continues to change in 20-year cycles structurally. The major changes are in their market through deregulation and liberalization resulting in adding…

310

Abstract

The Korean airline industry continues to change in 20-year cycles structurally. The major changes are in their market through deregulation and liberalization resulting in adding more carriers, especially low-cost carriers (LCCs) from 2006. The authors categorize three types of LCCs in Korea: (1) independent LCCs, (2) LCCs subsidized by existing airlines as airlines-within-airlines (AwAs), and (3) LCCs supported by conglomerates and local governments. Independent LCCs have suffered financially during the research period from 2009 to 2013, especially from the impaired capital, even though these LCCs are growing rapidly and expanding their markets in domestic and international routes. AwAs’ efficiency is higher than that of independent LCCs, the roles in the market are limited because of cannibalization by their mother company.

Details

Journal of International Logistics and Trade, vol. 16 no. 1
Type: Research Article
ISSN: 1738-2122

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