Gu, Xian; Hasan, Iftekhar; Lu, Haitian - In: Journal of business ethics : JBE 183 (2023) 1, pp. 165-189
Using data from China’s public debt markets, we study the value of corporate reputation and how it interacts with legal and cultural forces to assure accountability. Exploring lawsuits that change corporate reputation, we find that firms involved in lawsuits experience a decrease in bond...