{"title":"Board internationalization, supervisory board structure, and corporate legal risks","authors":"Rui Gu, Junmei Liu, Yitian Tang","doi":"10.1016/j.frl.2025.107226","DOIUrl":null,"url":null,"abstract":"This study focuses on the relationship between board internationalization (BI) and corporate legal risk and finds that introducing foreign directors strengthens the legal risk prevention and control by optimizing the supervisory board structure. For firms with different property rights, non-state-owned enterprises have higher sensitivity to BI relative to state-owned enterprises, reducing corporate legal risks. Findings offer crucial theoretical underpinnings and practical insights for improving corporate governance and formulating effective policies.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"70 1","pages":""},"PeriodicalIF":7.4000,"publicationDate":"2025-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1016/j.frl.2025.107226","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study focuses on the relationship between board internationalization (BI) and corporate legal risk and finds that introducing foreign directors strengthens the legal risk prevention and control by optimizing the supervisory board structure. For firms with different property rights, non-state-owned enterprises have higher sensitivity to BI relative to state-owned enterprises, reducing corporate legal risks. Findings offer crucial theoretical underpinnings and practical insights for improving corporate governance and formulating effective policies.
期刊介绍：
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
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