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- W4377287034 abstract "As a significant uncertainty in business operations, litigation risk negatively impacts corporate reputation and increases corporates' risk-taking. This paper explores the impact of litigation risk on corporate risk-taking. The study finds that: the more significant the amount of litigation involved and the higher the litigation risk, the greater the corporate risk-taking; the higher the analyst concern, the smaller the role of corporate litigation risk in enhancing corporate risk-taking; and the mediation test finds that firms with higher litigation risk can increase corporate financing constraints and negatively affect corporate risk-taking." @default.
- W4377287034 created "2023-05-23" @default.
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- W4377287034 date "2023-12-01" @default.
- W4377287034 modified "2023-09-23" @default.
- W4377287034 title "Enterprise litigation risk and risk taking" @default.
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- W4377287034 doi "https://doi.org/10.1016/j.frl.2023.104025" @default.
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