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Judicial local protection and corporate litigation outcomes: A study based on legal big data

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  • Li, Aimin

Abstract

Utilizing first-instance judgment documents of Chinese listed companies, this study investigates the existence and influence mechanisms of judicial local protection within corporate civil litigation. Our findings reveal that judicial local protection remains prevalent in China. Further analyses indicate that the characteristics of the involved company, the trial court, and the specific case significantly affect the degree of judicial local protection. This study contributes to a deeper understanding of the issues in judicial practices, offering valuable insights for companies to navigate litigation risks and guidance for countries to enhance the justice of judicial systems.

Suggested Citation

  • Li, Aimin, 2024. "Judicial local protection and corporate litigation outcomes: A study based on legal big data," Finance Research Letters, Elsevier, vol. 66(C).
    • Handle: RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324007268
    DOI: 10.1016/j.frl.2024.105696
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    References listed on IDEAS

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    More about this item

    Keywords

    Judicial local protection; Civil litigation; Legal big data; Law and finance;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process

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