We analyze the economic consequences on firm profitability, performance, and investments of having another firm in the same market affiliated with a criminal organization. We do so by evaluating the spillover effects of a law providing the judicial administration of organized crime firms through the imposition of external managers in order to remove the connection to the criminal organization, and at the same time guarantee the continuity of production. By using detailed information on more than 180,000 companies, we exploit the firms’ yearly variation in the exposure to criminal firms’ judicial administration in their market (in the same province and industry). The empirical design allows us to control for confounding effects at the firm, market, and year levels. The results show that there is a large, positive spillover from the enforcement law, suggesting that the burden the organized crime firms impose on other firms is very large. Firms’ performance and turnover increases by 2.2 and 0.7%, respectively, in the first 4 years after an organized crime firm enters the status of judicial administration. Investments measured by tangible and intangible assets increase with the number of firms entering into judicial administration by 0.75%. These results suggest that intensifying confiscation measures against criminal organizations has a strong positive effect on the economy.

中文翻译：

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有组织犯罪渗透在法律经济中的经济影响：来自有组织犯罪事务所司法管理的证据

我们分析了在同一市场上与犯罪组织有联系的另一家公司对公司盈利能力，绩效和投资的经济影响。我们通过评估法律的溢出效应来做到这一点，该法律通过施加外部管理者来提供对有组织犯罪公司的司法管理，以消除与犯罪组织的联系，同时保证生产的连续性。通过使用有关180,000多家公司的详细信息，我们利用了公司在同一市场和地区（在同一省和地区）对犯罪公司司法管理的暴露程度的年度变化。通过经验设计，我们可以控制公司，市场和年级的混杂影响。结果表明，执行法律有大量积极的溢出效应，这表明有组织犯罪公司对其他公司施加的负担非常大。有组织犯罪公司进入司法行政地位后的头四年，公司的业绩和营业额分别增长2.2％和0.7％。以有形和无形资产衡量的投资随着进入司法行政管理的公司数量的增加而增加了0.75％。这些结果表明，加强对犯罪组织的没收措施对经济具有强大的积极影响。以有形和无形资产衡量的投资随着进入司法行政管理的公司数量的增加而增加了0.75％。这些结果表明，加强对犯罪组织的没收措施对经济具有强大的积极影响。以有形和无形资产衡量的投资随着进入司法行政管理的公司数量的增加而增加了0.75％。这些结果表明，加强对犯罪组织的没收措施对经济具有强大的积极影响。