司法裁判引证法律学说的功能研究——基于生效裁判文书的实证分析

法律学说是连接立法与实践的知识储备和理论桥梁,也是推动司法与社会互动的知识引擎和理论动力。学者的学术观点是法律学说的直接体现。在我国,存在司法判决引证法学学者观点的现象。实证研究表明,268份样本裁判文书中,有60位法学学者的观点被引证307次。法律学说在裁判文书中发挥着解释法律、论证说理及补充法律漏洞等作用,从而增强法官对法律事实性质或裁判结果判断的合理性和合法性,提升裁判结果的可接受性。从应然层面来看,法律学说要为司法裁判提供可能的参考答案,为司法裁判提供有效的法律方法以及通过司法裁判总结科学的司法规律。实证研究与理论分析表明,虽然司法判决可以成为法律学说的“试验田”,但是从主题任务和实践立场两分的角度看,法学与司法的适当分离是法治持续进步的阶梯。

Working Capital, Firm Performance, and Firm Value： An Empirical Study in Manufacturing Industry on Indonesia Stock Exchange

This study investigated the effects of working capital policy on firm performance and firm value. The research was conducted by manufacturing companies listed in Indonesia Stock Exchange from 2010 to 2013. Variables used as a proxy for working capital policy are current assets to total assets and current liabilities to total assets. This study uses capital structure as a control variable. Capital structure proxies by leverage. Variables used as a proxy for the performance of the company, namely return on assets, and the value of the company is Tobin’s Q. Methods of data collection use purposive sampling. The results showed that current assets to total assets have an positive, significant effect on firm performance. Current liabilities to total assets and leverage have an negative, significant effect on firm performance. Furthermore, return on asset has an negative, significant effect on the firm value.