Justice’s financial footprint: Judicial independence and the cost of debt
Australian Journal of Management
Published online on April 03, 2025
Abstract
Australian Journal of Management, Volume 51, Issue 1, Page 174-210, February 2026.
Exploiting the quasi-natural experiment of establishing district courts in China, we find that the enhanced judicial independence that has followed the circuit court reform significantly reduces the cost of debt financing. The reduction is driven by the ...
Exploiting the quasi-natural experiment of establishing district courts in China, we find that the enhanced judicial independence that has followed the circuit court reform significantly reduces the cost of debt financing. The reduction is driven by the ...