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 2021-08-01 to 2025-08-01.)
ArticleCitations
Peer-level analyst transitions344
Insider pledging: Its information content and forced sale306
Buffing firm innovation by lobbying185
Pre-IPO hype by affiliated analysts: Motives and consequences176
Political connection, CEO gender, and firm performance176
Borrowing from government owned banks & firm's liquidation risk145
Fictitious dividend cuts in the CRSP data139
The internal labor markets of business groups123
Imbalanced ESG investing?109
Corporate ownership and ESG performance109
Product market competition with CDS106
Labor unions and real earnings management101
Long-term institutional investors and climate change news Beta96
Non-financial corporations and systemic risk91
Managerial liability and corporate innovation: Evidence from a legal shock91
Mergers and acquisitions with private equity intermediation87
Judicial independence and crash risk: Evidence from a natural experiment in China87
The evolution of pay premiums for managerial attributes86
Have banks caught corona? Effects of COVID on lending in the U.S.81
Earnings announcements in China: Overnight-intraday disparity75
Right-to-Work laws and corporate innovation72
Credit ratings and acquisitions72
Zombie lending due to the fear of fire sales70
Economic magnitudes within reason68
Signaling through timing of stock splits66
Venture capitalist directors and managerial incentives66
How common are credit-less recoveries? Firm-level evidence on the role of financial markets in crisis recovery65
Local product market competition and bank loans63
Industry informational interactions and corporate fraud62
Corporate divestitures around acquisitions60
The real impacts of third-party certification on green bond issuances: Evidence from the Chinese green bond market59
Board directors' foreign experience and firm dividend payouts59
Customer concentration and M&A performance55
Anti-collusion leniency legislations and IPO activity: Worldwide evidence55
Leggso: Financing experimentation54
Government contracts and labor investment efficiency53
Liquidity and clientele effects in green debt markets50
CEO overconfidence and bondholder wealth effects: Evidence from mergers and acquisitions48
Taking no chances: Lender concentration and corporate acquisitions48
Bank market power and financial reporting quality47
A review of DAO governance: Recent literature and emerging trends47
Editorial Board46
Corporate socio-political activism and retail investors: Evidence from the Black Lives Matter campaign46
Dividend taxation and the ownership structure of private firms45
Islamic bonds ratings and the price of risk44
Local religiosity and financial advisor misconduct43
Inventory investment and the choice of financing: Does financial development play a role?43
Do bank shocks affect physical or R&D investments more? Evidence from Japan43
Political uncertainty and institutional herding43
Serving multiple ‘masters’: Evidence from the loan decisions of a publicly listed state-owned bank around a massive economic stimulus programme41
Raising capital after IPO withdrawal40
CEO mobility and corporate policy risk39
Director networks and firm value39
Haste doesn't bring success: Top-down amplification of economic growth targets and enterprise overcapacity39
Learning and staged equity financing38
Do options trading activities affect underlying firms' asymmetric cost behavior?38
Pandemics and financial development: A lesson from the 1918 influenza pandemic37
Editorial Board37
Informed options trading before FDA drug advisory meetings37
National Culture and the Value Implications of Corporate Environmental and Social Performance37
May the force be with you: Investor power and company valuations36
Credit default swaps, the leverage effect, and cross-sectional predictability of equity and firm asset volatility36
Major customers and carbon footprints along the supply chain35
Social diversity in corporate boards and firm outcomes35
Does farming culture shape household financial decisions?35
Speculative bubbles under supply constraints, background risk and investment fraud in the art market35
Debt maturity dispersion and the cost of bank loans33
Dividend hibernation and future earnings: When no dividend news is good news32
Sunshine-induced mood and SEO pricing: Evidence from detailed investor bids in SEO auctions32
Money isn't everything: Compensation of locally educated executives32
Stakeholder orientation and the value of cash holdings: Evidence from a natural experiment32
Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil32
Board gender diversity and responsible banking during the COVID-19 pandemic31
CSR contracting and performance-induced CEO turnover31
Polarized corporate boards31
The impact of delay: Evidence from formal out-of-court restructuring31
Editorial Board30
Unpacking the black box of ICO white papers: A topic modeling approach30
Antitakeover provisions and investment in mergers and acquisitions: A causal reevaluation30
Duration of executive compensation and maturity structure of corporate debt29
Innovation beyond firm boundaries: Strategic alliances and corporate innovation29
The influence of the media on government decisions: Evidence from IPOs in China29
Do “say-on-pay” votes affect M&A decisions?29
The impact of automation on firms' reporting quality28
Early-stage venture financing28
Risk, return, and environmental and social ratings28
U.S. multinationals' alternatives to paying taxes28
Robust inference in single firm/single event analyses28
Does marriage equality promote credit access? Evidence from same-sex marriage laws27
Heterogeneity in independent non-executive directors' attributes and risk-taking in large banks27
The bright side of the internal labor market: Evidence from the labor cost stickiness of firms affiliated with privately owned business groups in China27
Board financial expertise and the capital decisions of US banks27
Customer identity concealing and insider selling profitability: Evidence from China27
Financing constraints and share pledges: Evidence from the share pledge reform in China27
Debt structure and debt overhang26
Prosocial CEOs and the cost of debt: Evidence from syndicated loan contracts25
Early individual stakeholders, first venture capital investment, and exit in the UK startup ecosystem25
The anatomy of corporate securitizations and contract design25
(Black)Rock the vote: Index funds and opposition to management25
Foundation ownership and sustainability25
The role of personal income taxes in corporate investment decisions25
Seasoned equity crowdfunded offerings24
Naïve or sophisticated? Information disclosure and investment decisions in peer to peer lending24
Do gender diverse boards enhance managerial ability?24
The Long-term effect of social disasters on stock market participation24
Individual investors matter: The effect of investor-firm interactions on corporate earnings management24
Dynamic incentive contracts for ESG investing24
Relationship-based debt financing of Chinese private sector firms: The role of social connections to banks versus political connections24
Executive incentives under common ownership24
Underwriting bank bonds: Information sharing, certification and distribution networks24
Innovation for promotion: The effect of executive involvement on inventors' innovation choice24
Offshore activities and corporate tax avoidance24
Outside director social network centrality and turnover before stock performance crash: A friend in need?23
Confucianism, successor choice, and firm performance in family firms: Evidence from China23
R&D tax credits, technology spillovers, and firms' product convergence23
Director self-dealing: Evidence from compensation peer groups23
Corporate diversification, investment efficiency and the business cycle23
Does commercial reform embracing digital technologies mitigate stock price crash risk?23
Overlapping institutional ownership along the supply chain and earnings management of supplier firms23
Dark trading volume and market quality: A natural experiment23
Cybersecurity risk and corporate innovation23
Female CFOs, leverage and the moderating role of board diversity and CEO power23
Asymmetric response to earnings news across different sentiment states: The role of cognitive dissonance23
CEO personality traits, strategic flexibility, and firm dynamics23
Bankruptcy, overlapping directors, and bank loan pricing22
Adoption of central bank digital currencies: Initial evidence from China22
Decomposing value gains – The case of the best leveraged buy-out ever22
Does corrupt practice increase the implied cost of equity?22
The finance of climate change22
Stakeholder preference and strategic corporate social responsibility22
Are US founding families expropriators or stewards? Evidence from quasi-natural experiment22
Corporate investment and growth opportunities: The role of R&D-capital complementarity22
Editorial Board22
Foreign competition and CEO risk-incentive compensation21
Corrigendum to “Corporate culture and CEO turnover” [Journal of Corporate Finance, 28 (2014) 66–82]21
The information value of M&A press releases21
Influential independent directors' reputation incentives: Impacts on CEO compensation contracts and financial reporting21
The informational consequences of good and bad mergers21
Impact of internal governance on investment policy: Evidence from CEO voluntary turnovers21
Securities litigation risk and board gender diversity21
Dare to play with fire? Managerial ability and the use of short-term debt20
Labor-saving innovations and capital structure20
Volatility of implied volatility and mergers and acquisitions20
Which antitakeover provisions deter takeovers?20
Individualism, formal institutional environments, and bank capital decisions20
Hostile takeovers or friendly mergers? Real options analysis20
The information advantage of industry common owners and its spillover effect on stock price crash risk19
Are non-family successors all the same? Inside-promoted vs. outside-sourced19
Corporate site visit and tax avoidance: The effects of monitoring and tax knowledge dissemination19
Depoliticization and corporate cash holdings: Evidence from the mandated resignation of directors in China19
Natural disasters, risk salience, and corporate ESG disclosure19
Seeking efficiency or price gouging? Evidence from pharmaceutical mergers18
Regulation and information costs of sovereign distress: Evidence from corporate lending markets18
Investor–firm interactions and corporate investment efficiency: Evidence from China18
Law and borders: Entrepreneurs' immigration status and trade credit18
Economic preferences for risk-taking and financing costs18
Courting innovation: The effects of litigation risk on corporate innovation18
Pricing of project finance bonds: A comparative analysis of primary market spreads17
Option compensation, risky mortgage lending, and the financial crisis17
Customer orientation and stock resilience during adversity periods17
The role of individual investment bankers in IPO pricing: Evidence from investor bidding behavior17
Firms save from bonds but not from loans17
Local political corruption and Firm's non-GAAP reporting17
Institutional dual ownership and voluntary greenhouse gas emission disclosure17
Opioid epidemic and corporate innovation17
Gender board diversity and the cost of bank loans17
Managers' cultural origin and corporate response to an economic shock16
Corporate governance reforms, societal trust, and corporate financial policies16
Environmental regulations, supply chain relationships, and green technological innovation16
The real impacts of public short campaigns: Evidence from stakeholders16
The role of divestitures in horizontal mergers16
Can a not-for-profit minority institutional shareholder make a big difference in corporate governance? A quasi-natural experiment16
The dark side of asset redeployability through the lens of corporate employment decisions16
The role of financial constraints in firm investment under pollution abatement regulation16
Natural disasters and firm leasing: A collateral channel16
Air pollution and employee treatment15
Mandatory corporate social responsibility and foreign institutional investor preferences15
Supply chain vertical common ownership and cost of loans15
Do short sellers anticipate late filings?15
The long-term effects of loan guarantees on SME performance15
Corrigendum to “Corporate board reforms around the world and stock price crash risk” 62 (2020) 10155715
Editorial Board15
Societal secrecy and IPO underpricing15
Green banking illusion? The influence of “Eco-Conscious” bank shareholders on credit allocation15
Editorial Board14
Implicit government guarantees and credit ratings14
To pollute or not to pollute: Political connections and corporate environmental performance14
The equity value implications of court ideology: Evidence from federal judge turnover14
Editorial: Ownership and corporate social and sustainable policies14
Editorial Board14
Green credit and its obstacles: Evidence from China's green credit guidelines14
Recession managers and mutual fund performance14
Understanding stock price behavior around external financing13
The impact of product market competition on workplace safety13
CEOs' narcissism and opportunistic insider trading13
Does tax reform affect labor investment efficiency?13
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
Talented inside directors and corporate social responsibility: A tale of two roles13
Dividend taxes, employment, and firm productivity13
Editorial Board13
How alternative finance informs central themes in corporate finance13
Employment protection and share repurchases: Evidence from wrongful discharge laws13
Perceptions of corporate corruption culture and debt contracting13
Governance, information flow, and stock returns12
Fintech, financial constraints and innovation: Evidence from China12
A global analysis of Private Investments in Public Equity12
Are family and friends the wrong investors? Evidence from U.S. start-ups12
Employment mobility and pay for sector performance12
The influence of media slant on short sellers12
The effect of geographic proximity on corporate tax avoidance: Evidence from China12
The role of the end time in experimental asset markets12
Changes in CEO stock option grants: A look at the numbers12
Contingent convertible bonds: Optimal call strategy and the impact of refinancing12
Making honest men of them: Institutional investors, financial reporting, and the appointment of female directors to all-male boards12
Why are distressed firms acquisitive?12
Editorial Board12
Firm uncertainty and corporate policies: The role of stock return skewness12
Illuminating the murk: The effect of business complexity on voluntary disclosure12
Stock liquidity and corporate labor investment11
Are all activists created equal? The effect of interventions by hedge funds and other private activists on long-term shareholder value11
Does environmental and social performance affect pricing efficiency? Evidence from earnings conference call tones11
Benchmarking private equity: The direct alpha method11
Underwriter incentives and IPO pricing11
Innovation Success and Capital Structure11
Vertical integration to mitigate internal capital market inefficiencies11
Boardroom networks and corporate investment11
The role of employer learning and regulatory interventions in mitigating executive gender pay gap11
The gender gap in bank credit access11
One false step can make a great difference: Does corporate litigation cause the exit of the controlling shareholder?11
Managerial discretion and efficiency of internal capital markets11
Mutual funds' capital gains lock-in and earnings management11
Do firms manage their share prices to mitigate investor short-termism?10
JCF special issue on private equity editorial10
Effectiveness of monitoring, managerial entrenchment, and corporate cash holdings10
Does gender diversity on banks' boards matter? Evidence from public bailouts10
Ancestral connections and corporate alliances10
Editorial Board10
Regional redistribution through SBA guaranteed loan programs10
Callable or convertible debt? The role of debt overhang and covenants10
Editorial Board10
Outside directors' equity incentives and strategic alliance decisions10
Credit default swaps and corporate debt structure10
Punishment or deterrence? Environmental justice construction and corporate equity financing––Evidence from environmental courts9
Beta estimation precision and corporate investment efficiency9
Fraud commitment in a smaller world: Evidence from a natural experiment9
Clawback adoptions and institutional investment decisions9
Editorial Board9
Iron curtain echoes: The enduring impact of communism and crowdfunding9
Gender bias, board diversity, and firm value: Evidence from a natural experiment9
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