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Protecting Directors and Officers from Liability Arising from Aggressive Earnings Management

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Academic year: 2021

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Table 2. Number of observations by economic sector and by year
Table 3 shows statistics describing the companies and observations made on our  sample of 756 observations
Table 4. Mean and standard deviation tests for firms that carry D&O insurance  and do not carry D&O insurance
Table 5. Marginal effect of the probability (Probit) of having D&O  insurance
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