Corporate Lawsuit, Red-hat Executives and Commercial Credit Based on the Empirical Evidence of Chinese Listed Companies

摘要

This article takes listed companies in Shenzhen & Shanghai A-stock markets from 2007 to 2015 as a research sample, and empirically studies the influence of the red-hat executives and corporate lawsuit on its commercial credit. The results show that the average number of the companies' senior executives with red-hat has significantly decreased after 2013. The red-hat executives can really promote the company's commercial credit, and corporate litigation has negatively affected the company's commercial credit. At the same time, the negative effect of lawsuit is more significant than the positive effect of the executive's red-hat status.