The Spillover Effect of Litigation Risk on Peer Firms’ ESG Performance: Evidence from Circuit Courts in China

Replication Materials for “The Spillover Effect of Litigation Risk on Peer Firms’ ESG Performance: Evidence from Circuit Courts in China” This repository provides the data and supporting materials to replicate the methodology presented in the paper “The Spillover Effect of Litigation Risk on Peer Firms’ ESG Performance: Evidence from Circuit Courts in China.” The study employs a difference-in-differences approach to investigate how peer firms’ strategic reactions to mitigate litigation risk interact with the insurance value of ESG (Environmental, Social, and Governance) performance.《诉讼风险对同业公司ESG（Environmental, Social, and Governance）表现的溢出效应：来自中国巡回法院的证据》复刻研究材料 本仓库提供了用于复刻上述论文《诉讼风险对同业公司ESG表现的溢出效应：来自中国巡回法院的证据》中所呈现的研究方法的数据集与配套辅助材料。本研究采用双重差分（difference-in-differences）方法，探究同业公司为缓释诉讼风险而实施的战略应对如何与ESG表现的保险价值产生交互作用。