Corporate ESG performance and litigation risk-based on ESG lawsuits of listed firms in China

被引：0
|
作者：
Kuang, Xuewen [1 ]
Luo, Chenyu [1 ]
机构：
[1] Nanchang Univ, Sch Econ & Management, Nanchang, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2024年
基金：
中国国家自然科学基金;
关键词：
ESG performance; litigation risk; analyst coverage; managers' misconduct;
D O I：
10.1080/13504851.2024.2302901
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The initial research sample for this study comprises all A-share listed firms from 2009 to 2020. This study utilizing a fixed-effects model discovers that superior ESG performance is associated with reduced litigation risk. Additionally, social responsibility and corporate governance have substantial effects on litigation risk. Further analysis identifies analyst coverage and managerial misconduct as the primary channels through which ESG performance affects litigation risk. The findings remain robust following several methods.
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页数：6
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