Corporate strategy and litigation risk

Weilin Feng, Yuqun Meng, Li Grace Tian, Steve Tu and Yuran Wang

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: The article empirically examines the impact of corporate strategy on litigation risk by selecting A-share listed companies in China from 2013 to 2021 as the research sample. It is found empirically that the more aggressive a company's strategy is, the greater the litigation risk it faces. After distinguishing whether the company is the prosecuting party or the prosecuted party in litigation events, the paper finds that the litigation risk of the company increases with the aggressiveness of the strategy listed, whether the company is actively prosecuting or passively involved in litigation.

Keywords: Corporate strategy; Litigation risk; Internal control; Information disclosure (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007225

DOI: 10.1016/j.frl.2023.104350

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