Cambridge, UK : Intersentia Publishing Ltd., c2015.
Book — xvi, 251 p. ; 24 cm.
Risk taking in business contributes towards innovation. Yet excessive risk taking is associated with corporate failure. Many authors have analysed the relationship between personal liability rules of managers and excessive risk taking. In this context, previous researchers have often argued that insurance against personal liability of the manager (D&O insurance) would weaken the manager's incentive to take care. However, little is known about the workings and effects of D&O insurance. This book analyses how D&O insurance should work ideally and how it currently works in the USA, the UK, the Netherlands and Germany. It illustrates how D&O insurance threatens - but also benefits - society and the economy. In fact, a properly functioning D&O insurance system can more elegantly incentivize adequate risk taking than for example, direct regulation of managerial activity (e.g. disqualification) or the adoption of harsher liability rules. This book provides an overview of the implications of D&O insurance, in particular to: - policy makers who can take concrete reform proposals from this book; - investors who can increase their returns by using the information on corporate D&O insurance policies; - creditors who can better estimate their debtor's default risk by understanding the debtor's D&O insurance policy; and - finally, prospective insurers who can learn in depth about the D&O market, the policy design and the D&O risk. (source: Nielsen Book Data) 9781780683485 20160619
Amsterdam ; New York : Elsevier Scientific Pub. Co., 1979.
Book — 496 p. ; 24 cm.
In the world of finance, differences in national laws and customs often result in the same word meaning different things in different places - for example, the person and function of an auditor vary from country to country, as do the services offered by the national giro - and in other cases, a term may have no precise equivalents (e.g. "merchant bank"). Every occupation has its own jargon, and the financial world is no exception; therefore, since this dictionary is intended for the use not only of translators, interpreters and students, but also of business men, economists, bankers and correspondents, it reflects and records what actually is used, not what "should" be used, and gives the equivalents in French, German, Italian, Dutch and Spanish. The principle adopted is that of the thesaurus - to list under one heading the synonyms of the various languages and leave the choice of the equivalent (which obviously depends on the context) to the user. In addition, cross references are given to related terms which may well be appropriate in a particular context. (source: Nielsen Book Data) 9780444417756 20160528