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

  • Silvia Giacomelli
  • Carlo Menon

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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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
Contact details of provider: Web page: http://www.spatialeconomics.ac.uk/SERC/publications/default.asp

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  1. Daniela FABBRI & Mario PADULA, 2003. "Does Poor Legal Enforcement Make Households Credit-Constrained?," FAME Research Paper Series rp81, International Center for Financial Asset Management and Engineering.
  2. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2000. "The Role of Social Capital in Financial Development," CRSP working papers 511, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
  3. Gilles Duranton & Laurent Gobillon & Henry Overman, 2006. "Assessing the Effects of Local Taxation Using Microgeographic Data," CEP Discussion Papers dp0748, Centre for Economic Performance, LSE.
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  7. Raffaela Giordano & Pietro Tommasino, 2011. "Public sector efficiency and political culture," Temi di discussione (Economic working papers) 786, Bank of Italy, Economic Research and International Relations Area.
  8. Silvia Magri, 2010. "Debt Maturity Choice of Nonpublic Italian Firms," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(2-3), pages 443-463, 03.
  9. Peretto, Pietro F., 1996. "Firm Size, Rivalry and the Extent of the Market in Endogenous Technological Change," Working Papers 96-07, Duke University, Department of Economics.
  10. Federico Cingano & Paolo Pinotti, 2012. "Trust, Firm Organization and the Structure of Production," Working Papers 053, "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi.
  11. Krishna B. Kumar & Raghuram G. Rajan & Luigi Zingales, . "What Determines Firm Size?," CRSP working papers 496, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
  12. Daniel Berkowitz & Johannes Moenius & Katharina Pistor, 2006. "Trade, Law, and Product Complexity," The Review of Economics and Statistics, MIT Press, vol. 88(2), pages 363-373, May.
  13. Simon Johnson & John McMillan, 2002. "Courts and Relational Contracts," Journal of Law, Economics and Organization, Oxford University Press, vol. 18(1), pages 221-277, April.
  14. Sandra E. Black, 1997. "Do better schools matter? Parental valuation of elementary education," Research Paper 9729, Federal Reserve Bank of New York.
  15. Patrizio Pagano & Fabiano Schivardi, 2001. "Firm Size Distribution and Growth," Temi di discussione (Economic working papers) 394, Bank of Italy, Economic Research and International Relations Area.
  16. Shleifer, Andrei & McLiesh, Caralee & Hart, Oliver & Djankov, Simeon, 2008. "Debt Enforcement Around the World," Scholarly Articles 2961825, Harvard University Department of Economics.
  17. Nunn, Nathan, 2007. "Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade," Scholarly Articles 4686801, Harvard University Department of Economics.
  18. Daniela Fabbri, 2010. "Law Enforcement and Firm Financing: Theory and Evidence," Journal of the European Economic Association, MIT Press, vol. 8(4), pages 776-816, 06.
  19. Kee-Hong Bae & Vidhan K. Goyal, 2009. "Creditor Rights, Enforcement, and Bank Loans," Journal of Finance, American Finance Association, vol. 64(2), pages 823-860, 04.
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