Li, Xiao; Wang, Yanchao; You, Hong - In: China journal of accounting research : CJAR 13 (2020) 4, pp. 405-424
lawsuits (litigation firms) with those that have not (non-litigation firms), we find that litigation firms have lower pay-performance …-creditor agency conflict. Moreover, creditor litigation is strongly related to low pay-performance sensitivity when the external legal …