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Firm Size and Judicial Efficiency in Italy: Evidence from the Neighbour's Tribunal

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  • Silvia Giacomelli
  • Carlo Menon

Abstract

We investigate the causal relationship between judicial efficiency and firm size across Italian municipalities, exploiting spatial discontinuities in tribunals' jurisdiction for identification. Results show that halving the length of civil proceedings, average firm size would increase by around 8-12%, everything else equal. Results are robust to a number of different specifications, based on two different databases.

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File URL: http://www.spatialeconomics.ac.uk/textonly/SERC/publications/download/sercdp0108.pdf
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Bibliographic Info

Paper provided by Spatial Economics Research Centre, LSE in its series SERC Discussion Papers with number 0108.

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Date of creation: May 2012
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Handle: RePEc:cep:sercdp:0108

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Web page: http://www.spatialeconomics.ac.uk/SERC/publications/default.asp

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Keywords: Justice efficiency; Firm size; Spatial discontinuity approach; Italy;

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Cited by:
  1. Gianluca Esposito & Sergi Lanau & Sebastiaan Pompe, 2014. "Judicial System Reform in Italy - A Key to Growth," IMF Working Papers 14/32, International Monetary Fund.

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