Litigation Risk and Commercial Credit
Zhiqiang Liu, Wenxuan Han
Available Online 20 December 2019.
- https://doi.org/10.2991/aebmr.k.191217.170How to use a DOI?
- market competition, stock collapse, corporate governance
- This paper takes the Shanghai and Shenzhen A-share listed companies from 2005 to 2015 as a sample to study the impact of litigation risk on the company’s commercial credit. The study found that: (1) Compared with listed companies that do not have litigation risks (or higher litigation risks), the commercial credit of listed companies with litigation risks (or higher litigation risks) has been significantly affected, and the obtained commercial credits Significantly reduced,and the higher the frequency of litigation is, the greater the amount of litigation is, the greater the negative impact; (2) This effect is more pronounced in the case of off-site litigation, non-state-owned enterprises, poor legal protection and strong market competition.The conclusions of this paper are still significant after the endogenous and robustness tests.This paper reveals the influence mechanism of the uncertainty of the external environment on the commercial credit of enterprises, and has certain theoretical and practical significance for the related research of commercial credit.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Zhiqiang Liu AU - Wenxuan Han PY - 2019 DA - 2019/12/20 TI - Litigation Risk and Commercial Credit BT - Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019) PB - Atlantis Press SP - 999 EP - 1004 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.191217.170 DO - https://doi.org/10.2991/aebmr.k.191217.170 ID - Liu2019 ER -