Board internationalization, supervisory board structure, and corporate legal risks

Rui Gu, Junmei Liu and Yitian Tang

Finance Research Letters, 2025, vol. 78, issue C

Abstract: This study focuses on the relationship between board internationalization (BI) and corporate legal risk and finds that introducing foreign directors strengthens the legal risk prevention and control by optimizing the supervisory board structure. For firms with different property rights, non-state-owned enterprises have higher sensitivity to BI relative to state-owned enterprises, reducing corporate legal risks. Findings offer crucial theoretical underpinnings and practical insights for improving corporate governance and formulating effective policies.

Keywords: Board internationalization; Supervisory board structure; Corporate Legal Risks (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325004891

DOI: 10.1016/j.frl.2025.107226

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