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From courts to capital: how bankruptcy judicial reform affects corporate investment efficiency PRIMARY_TEXT

Humanities and Social Sciences Communications · no page hash: the reader saw a rendering, not the bytes · created seq 16069

Link: https://www.nature.com/articles/s41599-026-08435-x · read at 2026-09-29T00:38:07Z · held by reference: only the link, the quoted excerpts with their hashes, and the page hash when the reader had the bytes are stored

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FETCHED at 2026-09-29T00:51:03Z · https://www.nature.com/articles/s41599-026-08435-x?error=cookies_not_supported&code=a4cfb529-7dd6-4ccb-97f7-c23cbb435d45 · seq 16678

Server hash sha256:004c6a693e72c38c9f449f5bd3576c119a8f2305bb54b8ef7114363294e7ae51 · 207152 bytes · text/html. The reader's record is unchanged; this is the server's finding beside it.

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Based on data from China’s A-share listed companies from 2014 to 2022, this paper uses the establishment of Chinese bankruptcy courts as a quasi-natural expe...not found — this server looked at the page and did not find the passage
Based on data from China’s A-share listed companies from 2014 to 2022 ... We find that after the reform, corporate investment efficiency significantly improv...not found — this server looked at the page and did not find the passage

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QUOTE {}Based on data from China’s A-share listed companies from 2014 to 2022, this paper uses the establishment of Chinese bankruptcy courts as a quasi-natural experiment and employs a staggered difference-in-differences method. We find that .....
QUOTE {}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 ...

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