Social responsibility, board composition, and corporate legal risk

Jing Xu and Lu Wang

Finance Research Letters, 2025, vol. 77, issue C

Abstract: This study uses listed companies’ data from 2012 to 2022 to investigate the relationship between corporate social responsibility (CSR), board composition, and legal risk. The findings reveal that enterprises’ active CSR fulfillment reduces legal risk, reasonable board composition can mitigate legal risk, audit quality has an essential mediating role in CSR and corporate legal risk, and financial regulation has a moderating role in this relationship. Heterogeneity analysis demonstrates differences in the impact of CSR on the legal risk of profitable and unprofitable enterprises.

Keywords: Social responsibility; Board composition; Legal risk (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:77:y:2025:i:c:s1544612325001710

DOI: 10.1016/j.frl.2025.106907

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