IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v86y2025ipcs1544612325017957.html

Directors' and officers' liability insurance, cybersecurity governance, and sustainable development capability of listed companies

Author

Listed:
  • Hu, Yaxin
  • Chen, Silin
  • Tu, Yongqian

Abstract

Focusing on Chinese non-financial listed companies, this paper systematically examines the interrelationships among directors and officers liability insurance (D&O insurance), cybersecurity governance, and corporate sustainable development capability. The findings indicate that both D&O insurance and cybersecurity governance significantly enhance the sustainable development capability of listed companies. Moreover, a notable interaction effect exists between insurance and cybersecurity governance, where their synergistic impact further strengthens corporate sustainable development capability. Heterogeneity analysis reveals significant differences in the influence of D&O insurance and cybersecurity governance on sustainable development capability across companies with varying levels of board independence. Additionally, mediation effect analysis confirms that digital transformation plays a critical intermediary role in the pathways through which D&O insurance and cybersecurity governance respectively affect corporate sustainable development capability. This study enriches the cross-sectional research on corporate governance and risk management by constructing a “D&O insurance-digital transformation-sustainability” conduction chain, providing an empirical evidence for building a China-specific digital governance systems and corporate resilience.

Suggested Citation

  • Hu, Yaxin & Chen, Silin & Tu, Yongqian, 2025. "Directors' and officers' liability insurance, cybersecurity governance, and sustainable development capability of listed companies," Finance Research Letters, Elsevier, vol. 86(PC).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pc:s1544612325017957
    DOI: 10.1016/j.frl.2025.108541
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325017957
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.108541?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:86:y:2025:i:pc:s1544612325017957. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.