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专家陪审员制度对企业创新的作用机制研究
Research on the action mechanism of expert juror system on corporate innovation
专家陪审员制度引入专业知识支撑案件审理,为企业提供公平公正的司法环境。本文运用双重差分方法,使用2016—2020年上市公司数据考察专家陪审员制度对企业创新的影响及作用机制。研究结果表明:(1)专家陪审员制度能够提高企业创新。(2)专家陪审员制度通过缓解企业融资约束、增加企业研发人员雇佣数量这两条机制提高企业创新。(3)当企业属于战略性新兴产业、市场竞争程度较高行业或处于知识产权发展程度较高的地区时,专家陪审员制度对其创新影响更大。(4)专家陪审员制度能够提升企业价值。本文研究结果有助于从审判专业化视角为专家陪审员制度对企业创新的作用机理提供参考,对完善我国司法审判制度、优化营商环境、因地制宜发展新质生产力具有一定的启示意义。
The introduction of the expert juror system provides professional knowledge to support case adjudication, offering enterprises a fair and impartial judicial environment. This paper employed the difference-in-differences method, using the data from listed companies from 2016 to 2020, to examine the impact of the expert juror system on corporate innovation and its action mechanisms. The research findings indicated that: (1) The expert juror system can enhance corporate innovation; (2) The expert juror system improves corporate innovation by alleviating corporate financing constraints and increasing the number of R&D personnel hired by enterprises; (3) The impact of the expert juror system on innovation is more pronounced when the enterprise belongs to a strategic emerging industry, operates in a highly competitive market, or is located in a region with a high level of intellectual property development; and (4) The expert juror system can enhance corporate value. The results of this study will contribute to understanding the action mechanism of the expert juror system on corporate innovation from the perspective of adjudication specialization, providing insights for improving China's judicial adjudication system, optimizing the business environment, and developing new quality productive forces tailored to local conditions.
专家陪审员制度 / 《人民陪审员法》 / 企业创新 / 准自然实验
expert juror system / People's Jurors Law / enterprise innovation / quasi-natural experiment
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