全球智库信息集成服务系统(G2TT): Going Bankrupt in China

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27501
来源ID	Working Paper 27501
	Going Bankrupt in China
	Bo Li; Jacopo Ponticelli
发表日期	2020-07-13
出版年	2020
语种	英语
摘要	Using a new case-level dataset we document a set of stylized facts on bankruptcy in China and study how the staggered introduction of specialized courts across Chinese cities aﬀects insolvency resolution and the local economy. For identiﬁcation, we compare bankruptcy cases handled by specialized versus traditional civil courts within the same city and ﬁled in the same year. We ﬁnd that specialized courts decrease case duration by 36% relative to traditional civil courts. We provide evidence consistent with court specialization increasing eﬃciency via selection of better trained judges and higher judicial independence from local politicians. We document that cities introducing specialized courts experience a relative reallocation of employment out of zombie-ﬁrms-intensive sectors, as well as faster ﬁrm entry and a larger increase in average capital productivity.
主题	Financial Economics ; Corporate Finance ; Other ; Law and Economics ; Development and Growth ; Development
URL	https://www.nber.org/papers/w27501
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585175
推荐引用方式 GB/T 7714	Bo Li,Jacopo Ponticelli. Going Bankrupt in China. 2020.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w27501.pdf（705KB）	智库出版物		限制开放	CC BY-NC-SA	浏览