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Managerial litigation risk and corporate investment efficiency: Evidence from universal demand laws 管理层诉讼风险与企业投资效率:来自普遍需求规律的证据
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2023-01-04 DOI: 10.1111/jels.12340
Leonard Leye Li, Gary S. Monroe, Jeff Coulton

We examine the effect of managerial litigation risk on corporate investment efficiency. Exploiting the staggered adoption of universal demand (UD) laws in the United States and employing a stacked regression approach, we find that the exogenous reduction in litigation risk induced by UD laws leads to lower investment efficiency. Our results are robust to the use of alternative partitioning variables and variations in sample composition. We also find that the decrease in investment sensitivity and excessive risk-taking are channels through which the reduced litigation rights lead to less efficient investments. Our results support the notion that weakened shareholder litigation rights lead to more severe agency conflicts and thus less efficient investment decisions.

本文考察了管理层诉讼风险对企业投资效率的影响。利用美国交错采用普遍需求法(universal demand, UD)的实证分析,采用堆叠回归方法,我们发现普遍需求法导致的外生诉讼风险降低导致投资效率降低。我们的结果是稳健的使用替代分区变量和变化的样本组成。我们还发现,投资敏感性降低和过度冒险是诉讼权利减少导致投资效率降低的渠道。我们的研究结果支持削弱股东诉讼权利导致更严重的代理冲突,从而降低投资决策效率的观点。
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引用次数: 5
One judge to rule them all: Single-member courts as an answer to delays in criminal trials 一名法官裁决所有案件:单一成员法院应对刑事审判延误
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2023-01-03 DOI: 10.1111/jels.12341
Konstantinos Kalliris, Theodore Alysandratos

This paper is a discussion of whether single-member judicial panels are an effective way of accelerating the delivery of criminal justice. We use a reform which introduced single-member courts in Greece, where delays in court proceedings are common according to the European Justice Scoreboard and the European Court of Human Rights. We use a novel dataset of 1463 drug trafficking cases tried between June 2012 and January 2014. As our measure of efficiency we use the time to issue a decision, and we find that single-member panels are as efficient as three-member ones. We take advantage of a feature of the reform to control for several confounding factors and support a causal interpretation of our findings. We complement our analysis with a survey of 142 judges to guide our interpretation of the results.

本文讨论了由单一成员组成的司法小组是否是加速刑事司法的有效途径。我们采用了一项改革,在希腊引入了单一成员法院,根据欧洲司法记分牌和欧洲人权法院的数据,在希腊,法院诉讼程序的延误很常见。我们使用了一个新的数据集,包含2012年6月至2014年1月期间审理的1463起贩毒案件。作为我们衡量效率的标准,我们利用时间发布决定,我们发现单成员小组的效率与三成员小组一样高。我们利用改革的一个特点来控制几个混淆因素,并支持对我们的发现进行因果解释。我们通过对142名法官的调查来补充我们的分析,以指导我们对结果的解释。
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引用次数: 0
JD-Next: A valid and reliable tool to predict diverse students' success in law school JD Next:预测不同学生在法学院成功的有效可靠工具
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2023-01-03 DOI: 10.1111/jels.12342
Jessica Findley, Adriana Cimetta, Heidi Legg Burross, Katherine C. Cheng, Matt Charles, Cayley Balser, Ran Li, Christopher Robertson

Admissions tests have increasingly come under attack by those seeking to broaden access and reduce disparities in higher education. Meanwhile, in other sectors there is a movement towards “work-sample” or “proximal” testing. Especially for underrepresented students, the goal is to measure not just the accumulated knowledge and skills that they would bring to a new academic program, but also their ability to grow and learn through the program. The JD-Next is a fully online, noncredit, 7- to 10-week course to train potential JD students in case reading and analysis skills, prior to their first year of law school. This study tests the validity and reliability of the JD-Next exam as a potential admissions tool for juris doctor programs of education. (In a companion article, we report on the efficacy of the course for preparing students for law school.) In 2019, we recruited a national sample of potential JD students, enriched for racial/ethnic diversity, along with a sample of volunteers at one university (N = 62). In 2020, we partnered with 17 law schools around the country to recruit a cohort of their incoming law students (N = 238). At the end of the course, students were incentivized to take and perform well on an exam that we graded with a standardized methodology. We collected first-semester grades as an outcome variable, and compared JD-Next exam properties to legacy exams now used by law schools (the Law School Admissions Test (LSAT), including converted GRE scores). We found that the JD-Next exam was a valid and reliable predictor of law school performance, comparable to legacy exams. For schools ranked outside the Top 50, we found that the legacy exams lacked significant incremental validity in our sample, but the JD-Next exam provided a significant advantage. We also replicated known, substantial racial and ethnic disparities on the legacy exam scores, but estimate smaller, nonsignificant score disparities on the JD-Next exam. Together this research suggests that, as an admissions tool, the JD-Next exam may reduce the risk that capable students will be excluded from legal education and the legal profession.

招生考试越来越多地受到那些寻求扩大入学机会和缩小高等教育差距的人的攻击。与此同时,在其他部门,也出现了向“工作样本”或“近端”检测的趋势。特别是对于代表性不足的学生,目标不仅是衡量他们将为新的学术项目带来的积累的知识和技能,还包括他们通过该项目成长和学习的能力。JD Next是一门全在线、无学分、为期7至10周的课程,旨在培训潜在的JD学生在法学院一年级之前的案例阅读和分析技能。这项研究测试了JD Next考试的有效性和可靠性,该考试是法学博士教育项目的潜在招生工具。(在一篇配套文章中,我们报告了该课程对法学院学生的有效性。)2019年,我们招募了一个全国性的潜在法学博士学生样本,丰富了种族/民族多样性,以及一所大学的志愿者样本(N=62)。2020年,我们与全国17所法学院合作,招募了一批即将入学的法学院学生(N=238)。课程结束时,学生们被激励参加我们用标准化方法评分的考试,并在考试中表现出色。我们收集了第一学期的成绩作为一个结果变量,并将JD Next考试的属性与法学院现在使用的传统考试(法学院招生考试(LSAT),包括转换后的GRE成绩)进行了比较。我们发现,与传统考试相比,JD Next考试是法学院表现的有效和可靠的预测指标。对于排名在前50名之外的学校,我们发现传统考试在我们的样本中缺乏显著的增量有效性,但JD Next考试提供了显著的优势。我们还复制了传统考试成绩上已知的、显著的种族和民族差异,但估计了JD Next考试的较小、不显著的成绩差异。这项研究表明,作为一种招生工具,JD Next测试可能会降低有能力的学生被排除在法律教育和法律职业之外的风险。
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引用次数: 0
Asymmetric review of qualified immunity appeals 限定豁免上诉的不对称审查
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2022-12-28 DOI: 10.1111/jels.12339
Alexander A. Reinert

This article presents results from the most comprehensive study to date of the resolution of qualified immunity in the federal courts of appeals and the US Supreme Court. By analyzing more than 4000 appellate decisions issued between 2004 and 2015, this study provides novel insights into how courts of appeals resolve arguments for qualified immunity. Moreover, by conducting an unprecedented analysis of certiorari practice, this study reveals how the US Supreme Court has exercised its discretionary jurisdiction in the area of qualified immunity. The data presented here have significant implications for civil rights enforcement and the uniformity of federal law. They show that qualified immunity, when deployed, often bars relief for plaintiffs. Moreover, they show that courts of appeals reverse decisions to deny qualified immunity far more often than they reverse decisions to grant qualified immunity, and that this asymmetric review is correlated with traditional indicators of judicial ideology, among other variables. Significantly, the data also suggest that the asymmetric review that characterizes appellate decisions is also present in the Supreme Court's certiorari practice.

本文介绍了迄今为止对联邦上诉法院和美国最高法院限定豁免决议的最全面研究结果。通过分析2004年至2015年间发布的4000多份上诉裁决,本研究为上诉法院如何解决限定豁免的争论提供了新的见解。此外,通过对移审实践进行前所未有的分析,本研究揭示了美国最高法院如何在限定豁免领域行使其自由裁量管辖权。这里提供的数据对民权的执行和联邦法律的统一具有重要意义。它们表明,当使用限定豁免时,通常会禁止原告获得救济。此外,它们表明,上诉法院推翻拒绝限定豁免的决定的次数远远多于推翻授予限定豁免的裁决的次数,而且这种不对称审查与司法意识形态的传统指标以及其他变量有关。值得注意的是,数据还表明,上诉裁决的不对称审查也存在于最高法院的移审中
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引用次数: 0
Can moral framing drive insurance enrollment in the United States ? 道德框架能推动美国的保险注册吗?
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2022-11-17 DOI: 10.1111/jels.12334
W. Epstein, C. Robertson, D. Yokum, H. Ko, Kevin H. Wilson, Monica Ramos, Katherine Kettering, Margaret Houtz
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引用次数: 0
Examining the effects of antidiscrimination laws on children in the foster care and adoption systems 研究反歧视法对寄养和收养系统中儿童的影响
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2022-11-17 DOI: 10.1111/jels.12333
Netta Barak‐Corren, Yoav Kantor, N. Tebbe
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引用次数: 0
Stay at home if you can: COVID-19 stay-at-home guidelines and local crime 尽可能呆在家里:COVID-19居家指南和当地犯罪
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2022-11-17 DOI: 10.1111/jels.12336
Carlos Díaz, Sebastian Fossati, Nicolás Trajtenberg
Government responses to the COVID-19 pandemic had an unprecedented impact on mobility patterns with implications for public safety and crime dynamics in countries across the planet. This paper explores the effect of stay-at-home guidelines on thefts and robberies at the neighborhood level in a Latin American city. We exploit neighborhood heterogeneity in the ability of working adults to comply with stay-at-home recommendations and use difference-in-differences and event-study designs to identify the causal effect of COVID-19 mobility restrictions on the monthly number of thefts and robberies reported to police across neighborhoods in Montevideo (Uruguay) in 2020. Our results show that neighborhoods with a higher share of residents with work-from-home jobs experienced a larger reduction in reported thefts in relation to neighborhoods with a lower share of residents with work-from-home jobs. In contrast, both groups of neighborhoods experienced a similar reduction in the number of reported robberies. These findings cast light on opportunity structures for crime but also on how crime during the pandemic has disproportionately affected more vulnerable areas and households.
政府对COVID-19大流行的应对措施对流动模式产生了前所未有的影响,对全球各国的公共安全和犯罪动态产生了影响。本文探讨了在拉丁美洲一个城市的邻里层面上,居家指导方针对盗窃和抢劫的影响。我们利用社区在工作成年人遵守居家建议能力方面的异质性,并采用差异中差异和事件研究设计来确定2019冠状病毒病流动性限制对2020年乌拉圭蒙得维的亚各社区每月向警方报告的盗窃和抢劫数量的因果影响。我们的研究结果表明,与在家工作的居民比例较低的社区相比,在家工作的居民比例较高的社区报告的盗窃案减少幅度更大。相比之下,两组社区在报告的抢劫案数量上都有类似的减少。这些调查结果不仅揭示了犯罪的机会结构,而且还揭示了大流行期间的犯罪如何不成比例地影响到更脆弱的地区和家庭。
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引用次数: 0
Should patients use online reviews to pick their doctors and hospitals? 患者是否应该使用在线评论来选择医生和医院?
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2022-11-03 DOI: 10.1111/jels.12338
David A. Hyman, Jing Liu, Bernard S. Black
We compare the online reviews of 221 “Questionable” Illinois and Indiana physicians with multiple paid medical malpractice claims and disciplinary sanctions with matched control physicians with clean records. Across five prominent online rating services, we find small, mostly insignificant differences in star ratings and written reviews for Questionable versus control physicians. Only one rating service (Healthgrades) reports on paid medical malpractice claims and disciplinary actions and it misses more than 90% of these actions. We also evaluate the online ratings of 171 Illinois hospitals and find that their ratings are largely uncorrelated with the share of hospital-affiliated physicians with paid medical malpractice claims and disciplinary sanctions. Online ratings have limited utility in helping patients avoid physicians with troubled medical malpractice and disciplinary records, and steering patients away from hospitals at which more physicians have paid medical malpractice claims and disciplinary sanctions.
我们比较了221名“可疑”的伊利诺伊州和印第安纳州医生的在线评论,这些医生有多次支付医疗事故索赔和纪律处分,与之匹配的对照医生有干净的记录。在五个著名的在线评级服务中,我们发现可疑医生和对照组医生在星级评分和书面评论方面的差异很小,几乎不显著。只有一家评级机构(Healthgrades)报告了付费医疗事故索赔和纪律处分,其中90%以上的行为都没有得到报告。我们还评估了171家伊利诺伊州医院的在线评级,发现它们的评级与医院附属医生支付医疗事故索赔和纪律制裁的比例在很大程度上无关。在线评分在帮助患者避开有医疗事故和纪律记录的医生,以及引导患者远离那些支付医疗事故索赔和纪律处罚的医生的医院方面的作用有限。
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引用次数: 0
Racial diversity and group decision-making in a mock jury experiment 模拟陪审团实验中的种族多样性和群体决策
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2022-11-01 DOI: 10.1111/jels.12335
Anne-Marie Hakstian, Sophia R. Evett, James S. Hoffmann, Jane M. Marshall, Emory A. L. Boyland, Jerome D. Williams

The primary goal of this research was to determine whether the racial composition of a jury impacts the outcome and deliberation in a civil retail discrimination lawsuit. We presented a retail discrimination trial video to 30 separate mock juries. Of the 30 juries, 15 juries had 2 Black jurors, while the remaining 15 had no Black jurors (i.e., only White or White and Latinx participants). After watching the video, each mock jury was given 1 h to deliberate as if they were jurors deciding an actual case. Contrary to previous research, juries with Black jurors were no more likely to deliberate longer or consider more case facts. However, they were more likely to find for the plaintiff and award higher compensation. In addition, content analysis of the deliberation racial discourse revealed that some jurors espoused colorblind racial attitudes, minimizing the significance of race in this case and in society in general, and accusing the plaintiff of playing the “race card.” Other jurors encouraged understanding of the plaintiff and espoused non-colorblind racial attitudes, recognizing the importance and damaging role of racism in American society. Implications for civil trials, jury selection, and racial discourse are discussed.

本研究的主要目的是确定陪审团的种族组成是否会影响民事零售歧视诉讼的结果和审议。我们向30个不同的模拟陪审团展示了一段零售业歧视审判视频。在30个陪审团中,15个陪审团有2名黑人陪审员,而其余15个陪审团没有黑人陪审员(即只有白人或白人和拉丁裔参与者)。在看完视频后,每个模拟陪审团都有1小时的时间进行审议,就像他们是决定实际案件的陪审员一样。与之前的研究相反,由黑人陪审员组成的陪审团不太可能审议更长时间或考虑更多案件事实。然而,他们更有可能支持原告,并给予更高的赔偿。此外,对审议中种族话语的内容分析发现,部分陪审员支持不分肤色的种族态度,将种族在本案和整个社会中的重要性降到最低,指责原告打“种族牌”。其他陪审员鼓励理解原告,支持不分肤色的种族态度,认识到种族主义在美国社会中的重要性和破坏性作用。对民事审判,陪审团选择和种族话语的影响进行了讨论。
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引用次数: 1
Lucky you: Your case is heard by a seasoned panel—Panel effects in the German Constitutional Court 幸运的你:你的案子由一个经验丰富的专家组审理,专家组效应在德国宪法法院
IF 1.7 2区 社会学 Q1 LAW Pub Date : 2022-10-25 DOI: 10.1111/jels.12327
Christoph Engel
Panel effects have been widely studied in randomly composed panels. However, for many courts, panel composition stays constant. Then judges become familiar with each other. They know what to expect from each other. Mutual trust may develop. A local culture may emerge. If rejection is the default, familiarity is likely to help plaintiffs, as familiar panels can be more effective, and more self-confident. In the German Constitutional Court, the effect of familiarity on three success measures can be causally identified: success on the merits, with the request for a preliminary ruling, or with a procedural request. Justices experience multiple, exogenous recompositions of their chamber. In the logic of regression discontinuity, the effect of familiarity on the alternative measures for success can be identified if these recompositions lead to a clear decrease in familiarity with the other members of the chamber.
面板效应在随机组合面板中得到了广泛的研究。然而,对于许多法院来说,陪审团的组成保持不变。然后法官们彼此熟悉起来。他们知道对彼此有什么期待。相互信任可能会发展。一种地方文化可能会出现。如果拒绝是默认的,熟悉可能会帮助原告,因为熟悉的专家组可能更有效,更自信。在德国宪法法院,熟悉程度对三种成功措施的影响可以被因果地确定:在案情方面的成功,要求初步裁决的成功,或程序性请求的成功。法官们经历了他们的议院的多次外源性重组。在回归不连续的逻辑中,如果这些重组导致对小组其他成员的熟悉程度明显下降,则可以确定熟悉程度对成功的替代措施的影响。
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引用次数: 0
期刊
Journal of Empirical Legal Studies
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