Journal of Corporate Finance

Papers
(The median citation count of Journal of Corporate Finance is 6. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-06-01 to 2025-06-01.)
ArticleCitations
Product market competition with CDS313
Peer-level analyst transitions309
Insider pledging: Its information content and forced sale292
Which buy-side institutions participate in public earnings conference calls? Implications for capital markets and sell-side coverage174
Corporate ownership and ESG performance167
Managerial liability and corporate innovation: Evidence from a legal shock165
Labor unions and real earnings management149
Borrowing from government owned banks & firm's liquidation risk138
Fictitious dividend cuts in the CRSP data136
Long-term institutional investors and climate change news Beta130
Judicial independence and crash risk: Evidence from a natural experiment in China109
Buffing firm innovation by lobbying105
Pre-IPO hype by affiliated analysts: Motives and consequences99
The dark side of CEO social capital: Evidence from real earnings management and future operating performance98
Non-financial corporations and systemic risk97
Does an anti-corruption campaign increase analyst earnings forecast optimism?90
The internal labor markets of business groups90
Political connection, CEO gender, and firm performance89
Mergers and acquisitions with private equity intermediation86
The evolution of pay premiums for managerial attributes85
Corporate divestitures around acquisitions80
Right-to-Work laws and corporate innovation78
Zombie lending due to the fear of fire sales77
Economic magnitudes within reason75
Venture capitalist directors and managerial incentives73
Signaling through timing of stock splits71
Board directors' foreign experience and firm dividend payouts65
Credit ratings and acquisitions65
Earnings announcements in China: Overnight-intraday disparity65
The real impacts of third-party certification on green bond issuances: Evidence from the Chinese green bond market63
Have banks caught corona? Effects of COVID on lending in the U.S.62
Industry informational interactions and corporate fraud62
Customer concentration and M&A performance60
How common are credit-less recoveries? Firm-level evidence on the role of financial markets in crisis recovery58
What determines the composition of a firm's cash reserves?58
Local product market competition and bank loans58
Anti-collusion leniency legislations and IPO activity: Worldwide evidence57
Taking no chances: Lender concentration and corporate acquisitions53
CEO overconfidence and bondholder wealth effects: Evidence from mergers and acquisitions51
Leggso: Financing experimentation51
Government contracts and labor investment efficiency49
Serving multiple ‘masters’: Evidence from the loan decisions of a publicly listed state-owned bank around a massive economic stimulus programme49
Liquidity and clientele effects in green debt markets48
Political uncertainty and institutional herding46
Editorial Board46
Raising capital after IPO withdrawal46
Corporate socio-political activism and retail investors: Evidence from the Black Lives Matter campaign45
Do options trading activities affect underlying firms' asymmetric cost behavior?45
CEO mobility and corporate policy risk44
Dividend taxation and the ownership structure of private firms43
Bank market power and financial reporting quality42
Learning and staged equity financing42
A review of DAO governance: Recent literature and emerging trends41
Director networks and firm value41
Inventory investment and the choice of financing: Does financial development play a role?39
Local religiosity and financial advisor misconduct38
Exposures to common shocks along supply chains and relative performance evaluation in CEO compensation contracts38
Do bank shocks affect physical or R&D investments more? Evidence from Japan38
National Culture and the Value Implications of Corporate Environmental and Social Performance38
Editorial Board37
Haste doesn't bring success: Top-down amplification of economic growth targets and enterprise overcapacity37
Informed options trading before FDA drug advisory meetings36
Polarized corporate boards36
Pandemics and financial development: A lesson from the 1918 influenza pandemic36
Credit default swaps, the leverage effect, and cross-sectional predictability of equity and firm asset volatility36
May the force be with you: Investor power and company valuations35
Speculative bubbles under supply constraints, background risk and investment fraud in the art market35
Major customers and carbon footprints along the supply chain35
Dividend hibernation and future earnings: When no dividend news is good news34
The impact of delay: Evidence from formal out-of-court restructuring34
Social diversity in corporate boards and firm outcomes33
Money isn't everything: Compensation of locally educated executives33
Debt maturity dispersion and the cost of bank loans32
Does farming culture shape household financial decisions?32
Sunshine-induced mood and SEO pricing: Evidence from detailed investor bids in SEO auctions32
Board gender diversity and responsible banking during the COVID-19 pandemic32
Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil32
The value of bond underwriter relationships31
Editorial Board31
Stakeholder orientation and the value of cash holdings: Evidence from a natural experiment31
Do “say-on-pay” votes affect M&A decisions?31
CSR contracting and performance-induced CEO turnover31
Antitakeover provisions and investment in mergers and acquisitions: A causal reevaluation31
The influence of the media on government decisions: Evidence from IPOs in China31
Risk, return, and environmental and social ratings30
U.S. multinationals' alternatives to paying taxes30
Early-stage venture financing29
Heterogeneity in independent non-executive directors' attributes and risk-taking in large banks29
The impact of automation on firms' reporting quality29
Debt structure and debt overhang28
Duration of executive compensation and maturity structure of corporate debt28
Board financial expertise and the capital decisions of US banks28
Unpacking the black box of ICO white papers: A topic modeling approach27
Innovation beyond firm boundaries: Strategic alliances and corporate innovation27
Investor rewards to environmental responsibility: Evidence from the COVID-19 crisis27
Customer identity concealing and insider selling profitability: Evidence from China27
The bright side of the internal labor market: Evidence from the labor cost stickiness of firms affiliated with privately owned business groups in China27
Robust inference in single firm/single event analyses27
Foundation ownership and sustainability26
Does marriage equality promote credit access? Evidence from same-sex marriage laws26
Underwriting bank bonds: Information sharing, certification and distribution networks26
Financing constraints and share pledges: Evidence from the share pledge reform in China26
Outside director social network centrality and turnover before stock performance crash: A friend in need?25
The anatomy of corporate securitizations and contract design25
Behavioral spillover between firms with shared auditors: The monitoring role of capital market investors25
Do gender diverse boards enhance managerial ability?24
Innovation for promotion: The effect of executive involvement on inventors' innovation choice24
Cybersecurity risk and corporate innovation24
(Black)Rock the vote: Index funds and opposition to management24
Offshore activities and corporate tax avoidance24
The dynamism of partially state-owned enterprises in East Asia24
Individual investors matter: The effect of investor-firm interactions on corporate earnings management24
Confucianism, successor choice, and firm performance in family firms: Evidence from China23
Early individual stakeholders, first venture capital investment, and exit in the UK startup ecosystem23
Naïve or sophisticated? Information disclosure and investment decisions in peer to peer lending23
Seasoned equity crowdfunded offerings23
Does commercial reform embracing digital technologies mitigate stock price crash risk?23
Prosocial CEOs and the cost of debt: Evidence from syndicated loan contracts23
Female CFOs, leverage and the moderating role of board diversity and CEO power23
The role of personal income taxes in corporate investment decisions22
Dynamic incentive contracts for ESG investing22
Overlapping institutional ownership along the supply chain and earnings management of supplier firms22
Does corrupt practice increase the implied cost of equity?22
Corporate diversification, investment efficiency and the business cycle22
Dark trading volume and market quality: A natural experiment22
Director self-dealing: Evidence from compensation peer groups22
R&D tax credits, technology spillovers, and firms' product convergence22
Corporate investment and growth opportunities: The role of R&D-capital complementarity22
Relationship-based debt financing of Chinese private sector firms: The role of social connections to banks versus political connections22
Bankruptcy, overlapping directors, and bank loan pricing22
The informational consequences of good and bad mergers21
Credit risk spillovers and cash holdings21
The finance of climate change21
Asymmetric response to earnings news across different sentiment states: The role of cognitive dissonance21
Which antitakeover provisions deter takeovers?21
Are US founding families expropriators or stewards? Evidence from quasi-natural experiment21
Stakeholder preference and strategic corporate social responsibility21
Editorial Board21
Does bankruptcy law improve the fate of distressed firms? The role of credit channels21
CEO personality traits, strategic flexibility, and firm dynamics21
Adoption of central bank digital currencies: Initial evidence from China21
Does it pay to be socially connected with wall street brokerages? Evidence from cost of equity20
Regulation and information costs of sovereign distress: Evidence from corporate lending markets20
Corrigendum to “Corporate culture and CEO turnover” [Journal of Corporate Finance, 28 (2014) 66–82]20
Securities litigation risk and board gender diversity20
Decomposing value gains – The case of the best leveraged buy-out ever20
Impact of internal governance on investment policy: Evidence from CEO voluntary turnovers20
Are non-family successors all the same? Inside-promoted vs. outside-sourced20
Labor-saving innovations and capital structure19
Managerial conservatism and corporate policies19
Foreign competition and CEO risk-incentive compensation19
Hostile takeovers or friendly mergers? Real options analysis19
Depoliticization and corporate cash holdings: Evidence from the mandated resignation of directors in China19
Volatility of implied volatility and mergers and acquisitions19
Natural disasters, risk salience, and corporate ESG disclosure19
The information value of M&A press releases19
The information advantage of industry common owners and its spillover effect on stock price crash risk19
Corporate site visit and tax avoidance: The effects of monitoring and tax knowledge dissemination18
Influential independent directors' reputation incentives: Impacts on CEO compensation contracts and financial reporting18
The real impacts of public short campaigns: Evidence from stakeholders18
Law and borders: Entrepreneurs' immigration status and trade credit18
Dare to play with fire? Managerial ability and the use of short-term debt18
Courting innovation: The effects of litigation risk on corporate innovation18
Option compensation, risky mortgage lending, and the financial crisis18
The role of individual investment bankers in IPO pricing: Evidence from investor bidding behavior18
The role of divestitures in horizontal mergers18
Individualism, formal institutional environments, and bank capital decisions18
Seeking efficiency or price gouging? Evidence from pharmaceutical mergers18
Pricing of project finance bonds: A comparative analysis of primary market spreads17
Corporate governance reforms, societal trust, and corporate financial policies17
Managers' cultural origin and corporate response to an economic shock17
Opioid epidemic and corporate innovation17
Economic preferences for risk-taking and financing costs17
Can a not-for-profit minority institutional shareholder make a big difference in corporate governance? A quasi-natural experiment17
Local political corruption and Firm's non-GAAP reporting17
Institutional dual ownership and voluntary greenhouse gas emission disclosure17
Natural disasters and firm leasing: A collateral channel17
CEO early-life disaster experience and stock price crash risk16
Air pollution and employee treatment16
Gender board diversity and the cost of bank loans16
Supply chain vertical common ownership and cost of loans16
The role of financial constraints in firm investment under pollution abatement regulation16
Environmental regulations, supply chain relationships, and green technological innovation16
Investor–firm interactions and corporate investment efficiency: Evidence from China16
The dark side of asset redeployability through the lens of corporate employment decisions16
Editorial Board15
Corrigendum to “Corporate board reforms around the world and stock price crash risk” 62 (2020) 10155715
Green banking illusion? The influence of “Eco-Conscious” bank shareholders on credit allocation15
Do short sellers anticipate late filings?15
Societal secrecy and IPO underpricing15
The long-term effects of loan guarantees on SME performance15
Mandatory corporate social responsibility and foreign institutional investor preferences15
Does tax reform affect labor investment efficiency?14
Implicit government guarantees and credit ratings14
The equity value implications of court ideology: Evidence from federal judge turnover14
Employment protection and share repurchases: Evidence from wrongful discharge laws14
Recession managers and mutual fund performance14
Editorial Board14
Editorial Board14
Green credit and its obstacles: Evidence from China's green credit guidelines14
To pollute or not to pollute: Political connections and corporate environmental performance14
Editorial Board13
Why are distressed firms acquisitive?13
Talented inside directors and corporate social responsibility: A tale of two roles13
Perceptions of corporate corruption culture and debt contracting13
Dividend taxes, employment, and firm productivity13
Understanding stock price behavior around external financing13
Making honest men of them: Institutional investors, financial reporting, and the appointment of female directors to all-male boards13
CEOs' narcissism and opportunistic insider trading13
The effect of geographic proximity on corporate tax avoidance: Evidence from China13
Online social networks and corporate investment similarity13
Divided we fall: Congressional cycles, the stock market and firm performance13
A shot in the arm: Economic support packages and firm performance during COVID-1913
How alternative finance informs central themes in corporate finance13
Fintech, financial constraints and innovation: Evidence from China13
Governance, information flow, and stock returns13
Employment mobility and pay for sector performance12
Mutual funds' capital gains lock-in and earnings management12
Are family and friends the wrong investors? Evidence from U.S. start-ups12
Illuminating the murk: The effect of business complexity on voluntary disclosure12
The influence of media slant on short sellers12
Managerial discretion and efficiency of internal capital markets12
Changes in CEO stock option grants: A look at the numbers12
Benchmarking private equity: The direct alpha method12
Short selling constraints and politically motivated negative information suppression12
Editorial Board12
A global analysis of Private Investments in Public Equity12
Firm uncertainty and corporate policies: The role of stock return skewness12
Contingent convertible bonds: Optimal call strategy and the impact of refinancing12
The role of the end time in experimental asset markets12
Are all activists created equal? The effect of interventions by hedge funds and other private activists on long-term shareholder value11
The role of employer learning and regulatory interventions in mitigating executive gender pay gap11
Does environmental and social performance affect pricing efficiency? Evidence from earnings conference call tones11
Editorial Board11
Editorial Board11
Underwriter incentives and IPO pricing11
The gender gap in bank credit access11
Stock liquidity and corporate labor investment11
Ancestral connections and corporate alliances11
Innovation Success and Capital Structure11
Boardroom networks and corporate investment11
One false step can make a great difference: Does corporate litigation cause the exit of the controlling shareholder?11
Vertical integration to mitigate internal capital market inefficiencies11
JCF special issue on private equity editorial11
Punishment or deterrence? Environmental justice construction and corporate equity financing––Evidence from environmental courts10
The effect of shareholder activism on earnings management: Evidence from shareholder proposals10
Fraud commitment in a smaller world: Evidence from a natural experiment10
Gender bias, board diversity, and firm value: Evidence from a natural experiment10
Industrial policy and governmental venture capital: Evidence from China10
Sovereign wealth funds and cost of debt: Evidence from syndicated loans10
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