Firm size and judicial efficiency: evidence from the neighbour's court
AbstractWe investigate the causal relationship between judicial efficiency and firm size across Italian municipalities exploiting spatial discontinuities in court jurisdictions for identification. The estimated coefficients suggest that the reduction of the length of civil proceedings could exert, all other things being equal, a significant and positive effect on the average size of Italian firms. Results are robust to a number of different specifications, based on two different databases.
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Bibliographic InfoPaper provided by Bank of Italy, Economic Research and International Relations Area in its series Temi di discussione (Economic working papers) with number 898.
Date of creation: Jan 2013
Date of revision:
judicial efficiency; firm size; spatial discontinuity; Italy;
Find related papers by JEL classification:
- K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-08 (All new papers)
- NEP-BEC-2013-02-08 (Business Economics)
- NEP-EFF-2013-02-08 (Efficiency & Productivity)
- NEP-GEO-2013-02-08 (Economic Geography)
- NEP-LAW-2013-02-08 (Law & Economics)
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