Economic nationalism and the home court advantage
研究了美国联邦地区法院在专利纠纷中是否偏袒本国企业，发现国内专利持有人和挑战者比外国对手更易胜诉，且判决中常出现民族主义措辞，表明司法系统也是经济民族主义的来源。
Abstract Research Summary Political and regulatory actors routinely adopt or enforce policies to protect domestic firms at the expense of foreign firms. However, since courts are expected to be neutral and act independently, a question arises whether (and why) they discriminate against foreign firms. We argue that the courts are nationalistic, which emanates from judges differentiating between in‐group (domestic) and out‐group (foreign) members. In a sample of 58,754 patent disputes adjudicated by US federal district courts between 1983 and 2016, we find domestic patent holders and challengers are more successful than their foreign counterparts. Rulings involving foreign firms are more likely to exhibit nationalistic rhetoric. Judicial ideology moderates the differential odds of success between domestic and foreign firms. Thus, the legal system is another source of economic nationalism. Managerial Summary Multinational firms might face a disadvantage relative to domestic firms because politicians and regulators are nationalistic; they routinely adopt policies that favor domestic firms. If courts are neutral, this disadvantage should not exist in litigation between multinational and domestic firms. On the contrary, if courts are also nationalistic, domestic firms should enjoy an advantage and greater success than multinational firms in judicial verdicts. Using data on patent disputes in the United States observed over a 33‐year period, we find domestic patent holders and challengers are more successful than their foreign counterparts suggesting that the legal system is another source of economic nationalism. Rulings involving multinationals are more likely to exhibit nationalistic rhetoric. Judicial ideology moderates the differential odds of success between domestic and multinational firms.