This study examines how executives’ legal expertise affects corporate financial fraud and the mechanism behind this using data from A-listed companies between 2011 and 2021. Findings show a positive correlation between executives’ legal backgrounds and corporate financial fraud, which is mainly driven by external audit quality and corporate social responsibility. This finding provides evidence of how the law affects small-scale corporate governance. This study emphasizes the value of firms leveraging their executives’ legal background, which helps regulators identify potential hazards in corporations.

中文翻译：

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是治理问题还是司法偏袒问题？行政级别的法律专业知识及其在公司财务欺诈案件中的运用


本研究利用2011年至2021年A股上市公司的数据，探讨了高管的法律专业知识如何影响企业财务欺诈及其背后的机制。研究结果表明，高管的法律背景与企业财务欺诈之间呈正相关，这主要是由外部因素驱动的。审计质量和企业社会责任。这一发现提供了法律如何影响小规模公司治理的证据。这项研究强调了公司利用高管法律背景的价值，这有助于监管机构识别公司的潜在危险。