Judicial efficiency and loan performance: micro evidence from Serbia
There is plenty of evidence that judicial efficiency reduces credit rationing and increases lending. In contrast, inefficient courts may lead to borrowers’ opportunistic behavior and, as a result, decrease loan performance and the availability of credit. We combine caseload data from commercial cour...
Gespeichert in:
| Veröffentlicht in: | European journal of law and economics 2021-08, Vol.52 (1), p.33-56 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 56 |
|---|---|
| container_issue | 1 |
| container_start_page | 33 |
| container_title | European journal of law and economics |
| container_volume | 52 |
| creator | Božović, Miloš |
| description | There is plenty of evidence that judicial efficiency reduces credit rationing and increases lending. In contrast, inefficient courts may lead to borrowers’ opportunistic behavior and, as a result, decrease loan performance and the availability of credit. We combine caseload data from commercial courts in Serbia with micro-data on company loans to study the impact of judicial efficiency on loan performance. We document the presence of a robust negative relationship between the clearance rate and the number of days in arrears for companies from the districts under corresponding court jurisdictions. We use financial ratios, industry dummies and time fixed effects to control for the usual determinants of payment ability. |
| doi_str_mv | 10.1007/s10657-021-09696-4 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2570330081</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2570330081</sourcerecordid><originalsourceid>FETCH-LOGICAL-c409t-2adace4736f94a3dcd78d29a69f49df5cfd7c29d5247f22a06a7b3bdcdff786f3</originalsourceid><addsrcrecordid>eNp9kMtKQzEQhoMoWKsv4CrgOjrJyUk67qTeKbhQ1yHNRU7puZi0Qt_e6BG6czUD8_0zw0fIOYdLDqCvMgdVawaCM0CFiskDMuG1FgwR4ZBMAAUyLhQ_Jic5rwAAdS0n5PZ56xvX2DUNMZYmdG5HbefpurcdHUKKfWpt58I1bRuXehq-Gl-gQGPqW_oa0rKxp-Qo2nUOZ391St7v797mj2zx8vA0v1kwJwE3TFhvXZC6UhGlrbzzeuYFWoVRoo-1i147gb4WUkchLCirl9WycDHqmYrVlFyMe4fUf25D3phVv01dOWlEraGqAGa8UGKkyrs5pxDNkJrWpp3hYH5smdGWKbbMry0jS4iOoeD6rsn7iFbFoNYoClKNSC7D7iOk_fV_Fn8DYv54FQ</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2570330081</pqid></control><display><type>article</type><title>Judicial efficiency and loan performance: micro evidence from Serbia</title><source>Springer Nature - Complete Springer Journals</source><source>HeinOnline Law Journal Library</source><creator>Božović, Miloš</creator><creatorcontrib>Božović, Miloš</creatorcontrib><description>There is plenty of evidence that judicial efficiency reduces credit rationing and increases lending. In contrast, inefficient courts may lead to borrowers’ opportunistic behavior and, as a result, decrease loan performance and the availability of credit. We combine caseload data from commercial courts in Serbia with micro-data on company loans to study the impact of judicial efficiency on loan performance. We document the presence of a robust negative relationship between the clearance rate and the number of days in arrears for companies from the districts under corresponding court jurisdictions. We use financial ratios, industry dummies and time fixed effects to control for the usual determinants of payment ability.</description><identifier>ISSN: 0929-1261</identifier><identifier>EISSN: 1572-9990</identifier><identifier>EISSN: 1572-9346</identifier><identifier>DOI: 10.1007/s10657-021-09696-4</identifier><language>eng</language><publisher>New York: Springer US</publisher><subject>Caseloads ; Commercial Law ; Courts ; Economics ; Economics and Finance ; Efficiency ; European Integration ; Law and Economics ; Loans ; Public Finance ; Rationing</subject><ispartof>European journal of law and economics, 2021-08, Vol.52 (1), p.33-56</ispartof><rights>The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021</rights><rights>The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c409t-2adace4736f94a3dcd78d29a69f49df5cfd7c29d5247f22a06a7b3bdcdff786f3</citedby><cites>FETCH-LOGICAL-c409t-2adace4736f94a3dcd78d29a69f49df5cfd7c29d5247f22a06a7b3bdcdff786f3</cites><orcidid>0000-0002-5087-1977</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1007/s10657-021-09696-4$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1007/s10657-021-09696-4$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,776,780,27901,27902,41464,42533,51294</link.rule.ids></links><search><creatorcontrib>Božović, Miloš</creatorcontrib><title>Judicial efficiency and loan performance: micro evidence from Serbia</title><title>European journal of law and economics</title><addtitle>Eur J Law Econ</addtitle><description>There is plenty of evidence that judicial efficiency reduces credit rationing and increases lending. In contrast, inefficient courts may lead to borrowers’ opportunistic behavior and, as a result, decrease loan performance and the availability of credit. We combine caseload data from commercial courts in Serbia with micro-data on company loans to study the impact of judicial efficiency on loan performance. We document the presence of a robust negative relationship between the clearance rate and the number of days in arrears for companies from the districts under corresponding court jurisdictions. We use financial ratios, industry dummies and time fixed effects to control for the usual determinants of payment ability.</description><subject>Caseloads</subject><subject>Commercial Law</subject><subject>Courts</subject><subject>Economics</subject><subject>Economics and Finance</subject><subject>Efficiency</subject><subject>European Integration</subject><subject>Law and Economics</subject><subject>Loans</subject><subject>Public Finance</subject><subject>Rationing</subject><issn>0929-1261</issn><issn>1572-9990</issn><issn>1572-9346</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>BENPR</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNp9kMtKQzEQhoMoWKsv4CrgOjrJyUk67qTeKbhQ1yHNRU7puZi0Qt_e6BG6czUD8_0zw0fIOYdLDqCvMgdVawaCM0CFiskDMuG1FgwR4ZBMAAUyLhQ_Jic5rwAAdS0n5PZ56xvX2DUNMZYmdG5HbefpurcdHUKKfWpt58I1bRuXehq-Gl-gQGPqW_oa0rKxp-Qo2nUOZ391St7v797mj2zx8vA0v1kwJwE3TFhvXZC6UhGlrbzzeuYFWoVRoo-1i147gb4WUkchLCirl9WycDHqmYrVlFyMe4fUf25D3phVv01dOWlEraGqAGa8UGKkyrs5pxDNkJrWpp3hYH5smdGWKbbMry0jS4iOoeD6rsn7iFbFoNYoClKNSC7D7iOk_fV_Fn8DYv54FQ</recordid><startdate>20210801</startdate><enddate>20210801</enddate><creator>Božović, Miloš</creator><general>Springer US</general><general>Springer Nature B.V</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8AO</scope><scope>8BF</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AXJJW</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FREBS</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>M0Q</scope><scope>M2O</scope><scope>MBDVC</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope><orcidid>https://orcid.org/0000-0002-5087-1977</orcidid></search><sort><creationdate>20210801</creationdate><title>Judicial efficiency and loan performance: micro evidence from Serbia</title><author>Božović, Miloš</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c409t-2adace4736f94a3dcd78d29a69f49df5cfd7c29d5247f22a06a7b3bdcdff786f3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Caseloads</topic><topic>Commercial Law</topic><topic>Courts</topic><topic>Economics</topic><topic>Economics and Finance</topic><topic>Efficiency</topic><topic>European Integration</topic><topic>Law and Economics</topic><topic>Loans</topic><topic>Public Finance</topic><topic>Rationing</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Božović, Miloš</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>European Business Database (Alumni Edition)</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Asian & European Business Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Asian & European Business Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>European Business Database</collection><collection>Research Library</collection><collection>Research Library (Corporate)</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>European journal of law and economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Božović, Miloš</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Judicial efficiency and loan performance: micro evidence from Serbia</atitle><jtitle>European journal of law and economics</jtitle><stitle>Eur J Law Econ</stitle><date>2021-08-01</date><risdate>2021</risdate><volume>52</volume><issue>1</issue><spage>33</spage><epage>56</epage><pages>33-56</pages><issn>0929-1261</issn><eissn>1572-9990</eissn><eissn>1572-9346</eissn><abstract>There is plenty of evidence that judicial efficiency reduces credit rationing and increases lending. In contrast, inefficient courts may lead to borrowers’ opportunistic behavior and, as a result, decrease loan performance and the availability of credit. We combine caseload data from commercial courts in Serbia with micro-data on company loans to study the impact of judicial efficiency on loan performance. We document the presence of a robust negative relationship between the clearance rate and the number of days in arrears for companies from the districts under corresponding court jurisdictions. We use financial ratios, industry dummies and time fixed effects to control for the usual determinants of payment ability.</abstract><cop>New York</cop><pub>Springer US</pub><doi>10.1007/s10657-021-09696-4</doi><tpages>24</tpages><orcidid>https://orcid.org/0000-0002-5087-1977</orcidid></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0929-1261 |
| ispartof | European journal of law and economics, 2021-08, Vol.52 (1), p.33-56 |
| issn | 0929-1261 1572-9990 1572-9346 |
| language | eng |
| recordid | cdi_proquest_journals_2570330081 |
| source | Springer Nature - Complete Springer Journals; HeinOnline Law Journal Library |
| subjects | Caseloads Commercial Law Courts Economics Economics and Finance Efficiency European Integration Law and Economics Loans Public Finance Rationing |
| title | Judicial efficiency and loan performance: micro evidence from Serbia |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-13T19%3A15%3A16IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Judicial%20efficiency%20and%20loan%20performance:%20micro%20evidence%20from%20Serbia&rft.jtitle=European%20journal%20of%20law%20and%20economics&rft.au=Bo%C5%BEovi%C4%87,%20Milo%C5%A1&rft.date=2021-08-01&rft.volume=52&rft.issue=1&rft.spage=33&rft.epage=56&rft.pages=33-56&rft.issn=0929-1261&rft.eissn=1572-9990&rft_id=info:doi/10.1007/s10657-021-09696-4&rft_dat=%3Cproquest_cross%3E2570330081%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2570330081&rft_id=info:pmid/&rfr_iscdi=true |