{"id":"https://openalex.org/W4407957197","doi":"https://doi.org/10.1080/21697213.2025.2471415","title":"Judicial quality and corporate value: evidence from China\u2019s judicial reform","display_name":"Judicial quality and corporate value: evidence from China\u2019s judicial reform","publication_year":2024,"publication_date":"2024-07-02","ids":{"openalex":"https://openalex.org/W4407957197","doi":"https://doi.org/10.1080/21697213.2025.2471415"},"language":"en","primary_location":{"id":"doi:10.1080/21697213.2025.2471415","doi":"https://doi.org/10.1080/21697213.2025.2471415","is_oa":true,"landing_page_url":"https://doi.org/10.1080/21697213.2025.2471415","pdf_url":null,"source":{"id":"https://openalex.org/S4210169699","display_name":"China Journal of Accounting Studies","issn_l":"2169-7213","issn":["2169-7213","2169-7221"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","cwts-core","doaj","poland-20","russia-white-list-4"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Journal of Accounting Studies","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1080/21697213.2025.2471415","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5070225458","display_name":"Sirui Wu","orcid":"https://orcid.org/0000-0002-6077-9066","observed_orcids":["https://orcid.org/0000-0002-6077-9066"]},"institutions":[{"id":"https://openalex.org/I87445476","display_name":"Xi'an Jiaotong University","ror":"https://ror.org/017zhmm22","country_code":"CN","type":"education","lineage":["https://openalex.org/I87445476"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Sirui Wu","raw_affiliation_strings":["Xi\u2019an Jiaotong University"],"raw_orcid":"https://orcid.org/0000-0002-6077-9066","affiliations":[{"raw_affiliation_string":"Xi\u2019an Jiaotong University","institution_ids":["https://openalex.org/I87445476"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100640939","display_name":"Bo Cheng","orcid":"https://orcid.org/0000-0002-7994-5474","observed_orcids":["https://orcid.org/0000-0002-7994-5474"]},"institutions":[{"id":"https://openalex.org/I206777745","display_name":"Nanjing Audit University","ror":"https://ror.org/04zj2bd87","country_code":"CN","type":"education","lineage":["https://openalex.org/I206777745"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Bo Cheng","raw_affiliation_strings":["Nanjing Audit University"],"raw_orcid":"https://orcid.org/0000-0002-7994-5474","affiliations":[{"raw_affiliation_string":"Nanjing Audit University","institution_ids":["https://openalex.org/I206777745"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5010705284","display_name":"Zongtao Tian","orcid":"https://orcid.org/0000-0002-8864-1755","observed_orcids":["https://orcid.org/0000-0002-8864-1755"]},"institutions":[{"id":"https://openalex.org/I76569877","display_name":"Southeast University","ror":"https://ror.org/04ct4d772","country_code":"CN","type":"education","lineage":["https://openalex.org/I76569877"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Zongtao Tian","raw_affiliation_strings":["Southeast University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Southeast University","institution_ids":["https://openalex.org/I76569877"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5001910323","display_name":"Qinglu Jin","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I181679659","display_name":"Shanghai University of Finance and Economics","ror":"https://ror.org/00wtvfq62","country_code":"CN","type":"education","lineage":["https://openalex.org/I181679659"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Qinglu Jin","raw_affiliation_strings":["Shanghai University of Finance and Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Shanghai University of Finance and Economics","institution_ids":["https://openalex.org/I181679659"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5100640939"],"corresponding_institution_ids":["https://openalex.org/I206777745"],"apc_list":{"value":1190,"currency":"GBP","value_usd":1459},"apc_paid":{"value":1190,"currency":"GBP","value_usd":1459},"fwci":2.8112,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.91005304,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"12","issue":"3","first_page":"640","last_page":"661"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8978999853134155,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8978999853134155,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11762","display_name":"Law, Economics, and Judicial Systems","score":0.06300000101327896,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.006599999964237213,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/judicial-reform","display_name":"judicial reform","score":0.9169999957084656},{"id":"https://openalex.org/keywords/judicial-quality","display_name":"quality of justice","score":0.7929999828338623},{"id":"https://openalex.org/keywords/organizational-values","display_name":"organizational values","score":0.9890000224113464},{"id":"https://openalex.org/keywords/market-value","display_name":"market value","score":0.7429999709129333},{"id":"https://openalex.org/keywords/law-and-finance","display_name":"law and finance","score":0.8100000023841858},{"id":"https://openalex.org/keywords/rule-of-law","display_name":"rule of law","score":0.7879999876022339},{"id":"https://openalex.org/keywords/investment","display_name":"investment","score":0.453000009059906},{"id":"https://openalex.org/keywords/innovation","display_name":"innovation","score":0.9710000157356262},{"id":"https://openalex.org/keywords/financing-costs","display_name":"financing costs","score":0.9879999756813049},{"id":"https://openalex.org/keywords/stock-liquidity","display_name":"stock liquidity","score":0.9980000257492065},{"id":"https://openalex.org/keywords/internal-control","display_name":"internal control","score":0.8970000147819519},{"id":"https://openalex.org/keywords/board-governance","display_name":"board governance","score":0.9750000238418579},{"id":"https://openalex.org/keywords/institutional-ownership","display_name":"institutional ownership","score":0.7990000247955322},{"id":"https://openalex.org/keywords/analyst-coverage","display_name":"analyst coverage","score":0.9559999704360962},{"id":"https://openalex.org/keywords/chinese-capital-market","display_name":"Chinese capital market","score":0.7289999723434448}],"concepts":[{"id":"https://openalex.org/C2779583194","wikidata":"https://www.wikidata.org/wiki/Q6302935","display_name":"Judicial reform","level":2,"score":0.8284723162651062},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.5907540321350098},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5233508944511414},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.5163577795028687},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.44602999091148376},{"id":"https://openalex.org/C81819989","wikidata":"https://www.wikidata.org/wiki/Q1330176","display_name":"Judicial activism","level":3,"score":0.424014151096344},{"id":"https://openalex.org/C48764862","wikidata":"https://www.wikidata.org/wiki/Q898871","display_name":"Judicial review","level":2,"score":0.37189218401908875},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.29676032066345215},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.15441274642944336},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.10131141543388367},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.10048797726631165},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.054801881313323975}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/21697213.2025.2471415","doi":"https://doi.org/10.1080/21697213.2025.2471415","is_oa":true,"landing_page_url":"https://doi.org/10.1080/21697213.2025.2471415","pdf_url":null,"source":{"id":"https://openalex.org/S4210169699","display_name":"China Journal of Accounting Studies","issn_l":"2169-7213","issn":["2169-7213","2169-7221"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","cwts-core","doaj","poland-20","russia-white-list-4"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Journal of Accounting Studies","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:69a0869aba1c46e5a8c88c0a85f603a8","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/69a0869aba1c46e5a8c88c0a85f603a8","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"China Journal of Accounting Studies, Vol 12, Iss 3, Pp 640-661 (2024)","raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/338542","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10419/338542","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"doc-type:article"}],"best_oa_location":{"id":"doi:10.1080/21697213.2025.2471415","doi":"https://doi.org/10.1080/21697213.2025.2471415","is_oa":true,"landing_page_url":"https://doi.org/10.1080/21697213.2025.2471415","pdf_url":null,"source":{"id":"https://openalex.org/S4210169699","display_name":"China Journal of Accounting Studies","issn_l":"2169-7213","issn":["2169-7213","2169-7221"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","cwts-core","doaj","poland-20","russia-white-list-4"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Journal of Accounting Studies","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","score":0.666700005531311,"id":"https://metadata.un.org/sdg/16"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320321543","display_name":"China Postdoctoral Science Foundation","ror":"https://ror.org/0426zh255"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":41,"referenced_works":["https://openalex.org/W1566344170","https://openalex.org/W1975524050","https://openalex.org/W1991428446","https://openalex.org/W1997387874","https://openalex.org/W1999605468","https://openalex.org/W2015021780","https://openalex.org/W2015930340","https://openalex.org/W2056621186","https://openalex.org/W2057539754","https://openalex.org/W2062926227","https://openalex.org/W2080744270","https://openalex.org/W2086243617","https://openalex.org/W2127756437","https://openalex.org/W2132605760","https://openalex.org/W2133369488","https://openalex.org/W2602578834","https://openalex.org/W2612957871","https://openalex.org/W2750546473","https://openalex.org/W2788903639","https://openalex.org/W2891290756","https://openalex.org/W2891389313","https://openalex.org/W2979586175","https://openalex.org/W2979774728","https://openalex.org/W2983070049","https://openalex.org/W3002295035","https://openalex.org/W3112066496","https://openalex.org/W3113269512","https://openalex.org/W3121401171","https://openalex.org/W3121759882","https://openalex.org/W3121881150","https://openalex.org/W3122685622","https://openalex.org/W3122853031","https://openalex.org/W3123091495","https://openalex.org/W3124747412","https://openalex.org/W3125068865","https://openalex.org/W3125147766","https://openalex.org/W3125469707","https://openalex.org/W3135905086","https://openalex.org/W3139129653","https://openalex.org/W4224885813","https://openalex.org/W4293007563"],"related_works":["https://openalex.org/W7221460440","https://openalex.org/W7122477170","https://openalex.org/W4414104440","https://openalex.org/W4410299879","https://openalex.org/W7152690144","https://openalex.org/W7108322204","https://openalex.org/W7170174997","https://openalex.org/W4412433761","https://openalex.org/W4402217078","https://openalex.org/W4411735857"],"abstract_inverted_index":{"This":[0,106],"study":[1,107],"employs":[2],"China\u2019s":[3,111],"judicial":[4,13,31,40,93],"reform":[5,41,47,94],"as":[6],"a":[7],"quasi-natural":[8],"experiment":[9],"to":[10],"examine":[11],"how":[12],"improvements":[14],"affect":[15],"corporate":[16,49,96],"value.":[17],"The":[18],"findings":[19],"reveal":[20],"that:":[21],"(1)":[22],"compared":[23],"with":[24,71],"companies":[25,37,70],"that":[26],"were":[27],"not":[28],"affected":[29,38],"by":[30,39,43],"reform,":[32],"the":[33,46,64,89,99,115,120,124,133,139],"market":[34,147],"value":[35,50],"of":[36,114,117,123,137,141],"increased":[42],"6.62%;":[44],"(2)":[45],"drives":[48],"through":[51],"increasing":[52],"investment,":[53],"promoting":[54],"innovation,":[55],"reducing":[56],"financing":[57],"costs,":[58],"and":[59,82,95,104,119,135],"improving":[60],"stock":[61],"liquidity;":[62],"(3)":[63],"effect":[65,91],"is":[66],"more":[67],"pronounced":[68],"for":[69,110,132],"poor":[72],"internal":[73],"control,":[74],"weak":[75],"board":[76],"governance,":[77],"low":[78],"institutional":[79],"investor":[80],"ownership,":[81],"fewer":[83],"analysts\u2019":[84],"coverage.":[85],"Our":[86],"paper":[87],"clarifies":[88],"causal":[90],"between":[92],"value,":[97],"complementing":[98],"previous":[100],"literature":[101],"on":[102],"law":[103,118,142],"finance.":[105],"bears":[108],"consideration":[109],"comprehensive":[112],"promotion":[113],"rule":[116,140],"high-quality":[121],"development":[122],"capital":[125,146],"market.":[126],"It":[127],"also":[128],"provides":[129],"empirical":[130],"evidence":[131],"necessity":[134],"importance":[136],"achieving":[138],"modernisation":[143],"in":[144],"emerging":[145],"countries.":[148]},"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2025-02-27T00:00:00"}
