Open AccessThe impact of Court Fairness on Innovation: Firm-Level Evidence from World Enterprise Survey
Author(s) -
Syed Mumtaz Ali Kazmi,
Waqar Ahmad,
Hira Zulfiqar,
Syed Muhammad Imran
Publication year - 2021
Publication title -
pakistan journal of humanities and social sciences
Language(s) - English
Resource type - Journals
eISSN - 2709-801X
pISSN - 2415-007X
DOI - 10.52131/pjhss.2021.0903.0141
Subject(s) - lagging , perspective (graphical) , business , quality (philosophy) , developing country , economics , economic growth , medicine , philosophy , epistemology , pathology , artificial intelligence , computer science
Innovation works as an engine of growth for the country and the backbone for the performance of the firm. Pakistan is a developing country and it is lagging behind in terms of innovation activities in the region. In Pakistan, due to the weaker quality of institutions, court fairness is biased. The objective of the study was to measure the effect of court fairness on the innovation of the firm in the case of Pakistan using the World Enterprise Survey. The results of the study indicate that court fairness increases the likelihood of innovation. From the perspective of the policy proposal, it is suggested that proper reforms in the judicial system must be initiated and it is the utmost need of the society, firms, and the nation as a whole.