证券市场导报Issue(11)：15-24,10.
董事高管责任保险影响企业网络安全风险治理水平吗?
摘要
Abstract
Cybersecurity risk governance is an important task for directors and executives in the digital economy era.Whether Directors'and Officers'Liability Insurance(D&O Insurance),as a market-based governance mechanism,can enhance corporate cybersecurity risk governance requires urgent investigation.Based on data from Shanghai and Shenzhen A-share listed companies,this paper empirically examines the impact of D&O Insurance on corporate cybersecurity risk governance.The research finds that D&O Insurance effectively exerts supervisory and incentive effects,enhances corporate attention to cybersecurity risks,attracts directors with information technology backgrounds,promotes information system development and digital technology innovation,and significantly improves corporate cybersecurity risk governance.Heterogeneity tests indicate that the impact of D&O Insurance on corporate cybersecurity risk governance is more significant when insurers have stronger business capabilities and when the insured companies belong to high-tech industries.Further research reveals that D&O Insurance improves corporate resilience and sustainable operational capacity by enhancing cybersecurity risk governance,thereby improving investor protection levels,corporate risk-taking levels,and ESG performance.This paper provides empirical evidence for better understanding the governance functions of D&O Insurance and strengthening corporate cybersecurity risk governance mechanism construction.关键词
董事高管责任保险/网络安全风险/公司治理/信息技术背景董事/ESGKey words
Directors'and Officers'Liability Insurance/cybersecurity risk/corporate governance/director with information technology background/ESG分类
管理科学引用本文复制引用
凌士显..董事高管责任保险影响企业网络安全风险治理水平吗?[J].证券市场导报,2025,(11):15-24,10.基金项目
国家社科基金一般项目"'双循环'新格局下金融支持技术创新的机制和路径优化研究"(批准号:21BJY146) （批准号:21BJY146）
