diff --git a/ethers-signers/src/ledger/app.rs b/ethers-signers/src/ledger/app.rs
index 02fa0c872..59d7bef1f 100644
--- a/ethers-signers/src/ledger/app.rs
+++ b/ethers-signers/src/ledger/app.rs
@@ -124,7 +124,34 @@ impl LedgerEthereum {
         }
         let mut payload = Self::path_to_bytes(&self.derivation);
         payload.extend_from_slice(tx_with_chain.rlp().as_ref());
-        self.sign_payload(INS::SIGN, payload).await
+
+        let mut signature = self.sign_payload(INS::SIGN, payload).await?;
+
+        // modify `v` value of signature to match EIP-155 for chains with large chain ID
+        // The logic is derived from Ledger's library
+        // https://github.com/LedgerHQ/ledgerjs/blob/e78aac4327e78301b82ba58d63a72476ecb842fc/packages/hw-app-eth/src/Eth.ts#L300
+        let eip155_chain_id = self.chain_id * 2 + 35;
+        if eip155_chain_id + 1 > 255 {
+            let one_byte_chain_id = eip155_chain_id % 256;
+            let ecc_parity = if signature.v > one_byte_chain_id {
+                signature.v - one_byte_chain_id
+            } else {
+                one_byte_chain_id - signature.v
+            };
+
+            signature.v = match tx {
+                TypedTransaction::Eip2930(_) | TypedTransaction::Eip1559(_) => {
+                    if ecc_parity % 2 == 1 {
+                        0
+                    } else {
+                        1
+                    }
+                }
+                TypedTransaction::Legacy(_) => eip155_chain_id + ecc_parity,
+            };
+        }
+
+        Ok(signature)
     }
 
     /// Signs an ethereum personal message