IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v80y2025ics1544612325006221.html
   My bibliography  Save this article

The impact of CEO legal responsibility on financialization of entity enterprises

Author

Listed:
  • Zhang, Zihao
  • Song, Jiangtao

Abstract

Based on the data of Shanghai and Shenzhen listed enterprises from 2008 to 2022, we empirically test the impact of CEO legal responsibility on the financialization of entity enterprises. We find that CEO legal responsibility has a significant inhibitory effect on the financialization of entity enterprise. This impact will exhibit heterogeneity based on the different characteristics of the enterprise. Corporate social responsibility can play a moderating role between the two. The findings of this paper provide a useful reference for optimizing the internal governance of enterprises and promoting the healthy development of the real economy.

Suggested Citation

  • Zhang, Zihao & Song, Jiangtao, 2025. "The impact of CEO legal responsibility on financialization of entity enterprises," Finance Research Letters, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325006221
    DOI: 10.1016/j.frl.2025.107361
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325006221
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.107361?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325006221. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.