Controlling shareholders' equity pledge, litigation risk and corporate ESG performance

Muyun Wang and Ying Zhang

International Review of Economics & Finance, 2024, vol. 95, issue C

Abstract: Based on the sample data of Chinese listed companies, this paper investigates the relationship between controlling shareholders' equity pledges, litigation risk and corporate ESG performance and draws the following empirical conclusions: controlling shareholders' equity pledge increases corporate litigation risk; controlling shareholders' equity pledge negatively affects corporate EGS performance; litigation risk negatively affects EGS performance; and corporate litigation risk plays a positive moderating role in the relationship between controlling shareholders' equity pledge and ESG performance.

Keywords: Equity pledges; Litigation risk; ESG performance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:95:y:2024:i:c:s1059056024004453

DOI: 10.1016/j.iref.2024.103453

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