Judicial Efficiency and Firm Productivity
Evidence from a World Database of Judicial Reforms
Bibliographic Data
| ID | 19316607 |
|---|---|
| Authors | Matthieu Chemin (McGill University, CIREQ, and CIRANO, corresponding author) |
| Year | 2020 |
| Volume | 102 |
| Issue | 1 |
| Pages | 49-64 |
| Publication date | 2020-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | MIT Press - Journals (PUBLISHER) |
| DOI | 10.1162/rest_a_00799 |
| OpenAlex | W2899279715 |
| Language | EN |
| Citations received | 16 |
| References cited | 22 |
I assemble and classify a database of judicial reforms funded by foreign aid agencies as either comprehensive (targeting all characteristics of quality, speed, access) or limited reform. A triple difference is used to compare firms in countries with or without judicial reforms, before and after reforms, and in sectors more or less reliant on contract enforcement mechanisms, due to their need for relationship-specific investments. I find that externally financed comprehensive judicial reforms improve perceptions of judiciary efficiency (for all firms) and firm productivity (for sectors relying on relationship-specific investments) by 0.15 and 0.09 (22%) standard deviation, respectively
Business · Economic growth · Economic reform · Economics · Enforcement · Judicial reform · Political science · Politics · Productivity · Public economics · Quality (philosophy) · Corporate Finance and Governance · Corruption and Economic Development · Law · Law, Economics, and Judicial Systems
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| Unique citing works | 16 |
|---|---|
| Citations per year | 3.2 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 16 |