How does judicial improvement affect manufacturing firms' cross-regional development?

Houyang Du, Yanfeng Zhang and Weiran Zhang

Finance Research Letters, 2025, vol. 79, issue C

Abstract: This paper examines the impact of regional judicial improvements on the cross-regional development of manufacturing enterprises using data from 2011 to 2022. The findings suggest that judicial enhancements facilitate enterprises' cross-regional investments, thereby fostering broader regional development. Further analysis reveals that optimizing the judicial system promotes corporate specialization and cultivates a fair, competitive environment, ultimately advancing cross-regional expansion. These insights contribute to the understanding of judicial reforms at the microeconomic level and provide practical guidance for enterprises seeking sustainable development.

Keywords: Judicial improvement; Circuit court; Corporate specialization (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325005665

DOI: 10.1016/j.frl.2025.107303

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