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Judicial coordination, cash holdings, and investment efficiency of real estate enterprises

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  • Luo, Dai
  • Zhang, Long

Abstract

This paper uses the data of China’s A-share real estate listed companies from 2014 to 2023 to empirically test the impact of judicial coordination on the investment efficiency of real estate enterprises. The results show that judicial coordination has a positive effect on the investment efficiency of real estate enterprises. Mechanism research shows that judicial coordination improves the investment efficiency of real estate enterprises by increasing cash holdings. The results of regional heterogeneity analysis show that the positive impact of judicial coordination on the investment efficiency of real estate enterprises is more significant in the eastern region.

Suggested Citation

  • Luo, Dai & Zhang, Long, 2025. "Judicial coordination, cash holdings, and investment efficiency of real estate enterprises," Finance Research Letters, Elsevier, vol. 85(PC).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pc:s1544612325013091
    DOI: 10.1016/j.frl.2025.108051
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    References listed on IDEAS

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