Major shareholder equity pledge and litigation risk

Tuo Ji and Dong Cai

Finance Research Letters, 2024, vol. 65, issue C

Abstract: This study analyzes the impact of significant shareholder equity pledges on litigation risk, and the results show that significant shareholder equity pledges contribute to the elevation of corporates' litigation risk and that increased information transparency can reduce litigation risk when a major shareholder's equity is pledged. This study conducted robustness and endogeneity analyses, which also support the conclusion.

Keywords: Major shareholder equity pledge; Litigation risk; Information transparency (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324006202

DOI: 10.1016/j.frl.2024.105590

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