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Administrative penalties and corporate resilience

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  • Li, Taige
  • Zhao, Liang
  • Guo, Jingyi

Abstract

This study examines the intrinsic relationship between administrative penalties and corporate resilience through an empirical analysis of Chinese A-share listed companies. The findings reveal that administrative penalties have a detrimental effect on corporate resilience. However, factors such as financial status, internal control quality, and nature of property rights exhibit heterogeneity in their impact on corporate resilience in the face of administrative penalties. Furthermore, moderating variables, including corporate financing costs, corporate reputation, and operational risks, play significant roles in this process.

Suggested Citation

  • Li, Taige & Zhao, Liang & Guo, Jingyi, 2024. "Administrative penalties and corporate resilience," International Review of Economics & Finance, Elsevier, vol. 95(C).
    • Handle: RePEc:eee:reveco:v:95:y:2024:i:c:s1059056024004416
    DOI: 10.1016/j.iref.2024.103449
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    References listed on IDEAS

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