Cultural diversity, asset structure, and corporate litigation risk

Linglan Xia and Jiao Song

Finance Research Letters, 2024, vol. 69, issue PB

Abstract: This study reveals through empirical investigation that cultural diversity heightens the corporate litigation risk, and irrational asset structure elevates this risk. Board independence plays a moderating role in the relationship between asset structure and corporate litigation risk, and the influence of cultural diversity on litigation risk is less pronounced in state-owned enterprises (SOEs) compared with non-SOEs.

Keywords: Cultural diversity; Asset structure; Litigation risk (search for similar items in EconPapers)
JEL-codes: G32 J15 K41 M14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012017

DOI: 10.1016/j.frl.2024.106172

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