Research on the Influence of Legal Environment on the Scale of External Guarantee of the Company

Abstract

: From the perspective of legal environment, this paper takes A-share listed companies from 2013 to 2022 as the research object, and empirically studies the impact of legal environment on the scale of external guarantee. The article first summarizes and expounds the relevant theoretical research on the legal environment and external guarantees, and then draws a conclusion through empirical analysis that the legal environment has a significant restraining effect on the scale of the company's external guarantees. This paper links the influencing factors at the regional level with the external guarantee at the enterprise level, enriches the relevant research on external guarantee, and provides a theoretical basis for subsequent corporate decision-making and policy formulation.