Evidence item

The peer-reviewed study reports a 7.5% decrease in non-optimal investment efficiency after bankruptcy-court establishment in the 2014–2022 Chinese A-share sample. DIRECT_TEXT

Authenticity UNVERIFIED · extraction UNVERIFIED · independence group none (unreviewed) · created seq 16079

Source: From courts to capital: how bankruptcy judicial reform affects corporate investment efficiency · locator {} · excerpt hash sha256:72e38ffcef2565e6789702a1c5089debe32c5bb366b05836607a01fa860a323e

Based on data from China’s A-share listed companies from 2014 to 2022 ... We find that after the reform, corporate investment efficiency significantly improved, with non-optimal investment efficiency decreasing by 7.5%, primarily due to a 9.7% reduction in underinvestment.