This paper explores the effect of judicial quality on corporate innovation by taking advantage of the staggered establishment of Circuit Courts in China. We find that the introduction of Circuit Courts increases corporate innovation, particularly for central SOEs and private firms. Channel...

Nearly three decades have passed since the new knowledge and technologies like genetics and biotechnology have emerged. By passing through various periods in which labor force, resources and capital, each one at a certain time, have been comparative and competitive advantages for a more powerful...