Litigation risk not only raises a company's operational costs but also can result in potential losses. This paper investigates the impact of corporate social responsibility (CSR) performance on litigation risk, using non-financial and non-insurance companies listed on the Shanghai and Shenzhen A-share markets as the research sample. The study's findings indicate that higher CSR performance effectively reduces litigation risk. Further analysis suggests that the reduction in litigation risk is achieved through the enhancement of corporate reputation. Group tests reveal that this mitigating effect of CSR performance on litigation risk is more significant in companies with low levels of internal control.

中文翻译：

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企业社会责任履行和诉讼风险


诉讼风险不仅会增加公司的运营成本，还可能导致潜在的损失。本文以上海和深圳 A 股市场上市的非金融和非保险公司为研究样本，探讨了企业社会责任 （CSR） 绩效对诉讼风险的影响。研究结果表明，更高的 CSR 绩效可有效降低诉讼风险。进一步的分析表明，诉讼风险的降低是通过提高企业声誉来实现的。集团检验表明，CSR 绩效对诉讼风险的这种缓解作用在内部控制水平较低的公司中更为显著。