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Financial-judicial specialization and corporate misconduct: Evidence from the establishment of the Shanghai Financial Court

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  • Wang, Kedi
  • Wu, Chen

Abstract

Based on the establishment of the Shanghai Financial Court, this paper finds there is a negative and significant relation between the financial-judicial specialization and corporate misconduct, and the relation is more pronounced among firms with poorer legal protection.

Suggested Citation

  • Wang, Kedi & Wu, Chen, 2023. "Financial-judicial specialization and corporate misconduct: Evidence from the establishment of the Shanghai Financial Court," Economics Letters, Elsevier, vol. 229(C).
    • Handle: RePEc:eee:ecolet:v:229:y:2023:i:c:s0165176523002239
    DOI: 10.1016/j.econlet.2023.111198
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    References listed on IDEAS

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    Cited by:

    1. Wang, Kedi & Wu, Chen, 2024. "Financial-judicial specialization and stock price crash risk: Evidence from China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
    2. Zheng, Panpan & Li, Zhen & Zhuang, Ziyin & Lin, Boyuan, 2024. "Judicial independence and growth investors' decisions," Finance Research Letters, Elsevier, vol. 62(PB).

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    More about this item

    Keywords

    Financial-judicial specialization; Shanghai Financial Court; Financial risk prevention; Corporate misconduct;
    All these keywords.

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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