Journal of Corporate Finance

Papers
(The median citation count of Journal of Corporate Finance is 5. 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 2021-12-01 to 2025-12-01.)
ArticleCitations
Insider pledging: Its information content and forced sale365
Fictitious dividend cuts in the CRSP data204
Can employee welfare policies insure workers against fluctuations in employment?163
Imbalanced ESG investing?132
Product market competition with CDS127
Judicial independence and crash risk: Evidence from a natural experiment in China112
Pre-IPO hype by affiliated analysts: Motives and consequences100
Buffing firm innovation by lobbying96
Political connection, CEO gender, and firm performance89
Labor unions and real earnings management88
Long-term institutional investors and climate change news Beta86
Corporate ownership and ESG performance85
Non-financial corporations and systemic risk82
Mergers and acquisitions with private equity intermediation80
Zombie lending due to the fear of fire sales79
Economic magnitudes within reason78
Venture capitalist directors and managerial incentives76
Signaling through timing of stock splits68
Earnings announcements in China: Overnight-intraday disparity63
Board directors' foreign experience and firm dividend payouts62
Corporate divestitures around acquisitions58
The real impacts of third-party certification on green bond issuances: Evidence from the Chinese green bond market57
Have banks caught corona? Effects of COVID on lending in the U.S.57
Right-to-Work laws and corporate innovation57
Political uncertainty and institutional herding56
Exposures to common shocks along supply chains and relative performance evaluation in CEO compensation contracts55
Do options trading activities affect underlying firms' asymmetric cost behavior?54
Learning and staged equity financing53
Serving multiple ‘masters’: Evidence from the loan decisions of a publicly listed state-owned bank around a massive economic stimulus programme53
Editorial Board52
Dividend taxation and the ownership structure of private firms52
Leggso: Financing experimentation52
Liquidity and clientele effects in green debt markets52
Anti-collusion leniency legislations and IPO activity: Worldwide evidence51
Bank market power and financial reporting quality50
Institutional voids and business group dynamics: Evidence from judicial reform in China49
Inventory investment and the choice of financing: Does financial development play a role?49
Do bank shocks affect physical or R&D investments more? Evidence from Japan48
National Culture and the Value Implications of Corporate Environmental and Social Performance47
Government contracts and labor investment efficiency47
Director networks and firm value46
Taking no chances: Lender concentration and corporate acquisitions44
CEO overconfidence and bondholder wealth effects: Evidence from mergers and acquisitions44
Islamic bonds ratings and the price of risk44
Corporate socio-political activism and retail investors: Evidence from the Black Lives Matter campaign43
A review of DAO governance: Recent literature and emerging trends43
Credit default swaps, the leverage effect, and cross-sectional predictability of equity and firm asset volatility42
Local religiosity and financial advisor misconduct42
The impact of delay: Evidence from formal out-of-court restructuring42
Major customers and carbon footprints along the supply chain41
Sunshine-induced mood and SEO pricing: Evidence from detailed investor bids in SEO auctions40
CSR contracting and performance-induced CEO turnover39
Pandemics and financial development: A lesson from the 1918 influenza pandemic36
May the force be with you: Investor power and company valuations36
Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil35
Dividend hibernation and future earnings: When no dividend news is good news35
Editorial Board35
Money isn't everything: Compensation of locally educated executives35
Social diversity in corporate boards and firm outcomes35
Speculative bubbles under supply constraints, background risk and investment fraud in the art market34
Polarized corporate boards34
Informed options trading before FDA drug advisory meetings34
Tightening monetary policy and investment dynamics in the European Monetary Union: Firm- and country-level heterogeneity34
Does farming culture shape household financial decisions?33
The intangible shift: Redefining the dynamics of market-to-book ratios33
Board gender diversity and responsible banking during the COVID-19 pandemic33
Managerial incentives and trade credit: Evidence from China's EVA appraisal reform among CSOEs33
The impact of automation on firms' reporting quality32
Robust inference in single firm/single event analyses32
U.S. multinationals' alternatives to paying taxes32
Do “say-on-pay” votes affect M&A decisions?31
Early-stage venture financing31
Editorial Board31
Risk, return, and environmental and social ratings30
Customer identity concealing and insider selling profitability: Evidence from China30
Duration of executive compensation and maturity structure of corporate debt30
Does marriage equality promote credit access? Evidence from same-sex marriage laws30
Debt structure and debt overhang29
Board financial expertise and the capital decisions of US banks29
Financing constraints and share pledges: Evidence from the share pledge reform in China29
Unpacking the black box of ICO white papers: A topic modeling approach28
Foundation ownership and sustainability28
Automation cost flexibility and firm value28
(Black)Rock the vote: Index funds and opposition to management28
The bright side of the internal labor market: Evidence from the labor cost stickiness of firms affiliated with privately owned business groups in China28
Innovation beyond firm boundaries: Strategic alliances and corporate innovation28
The Long-term effect of social disasters on stock market participation28
Dynamic incentive contracts for ESG investing27
Early individual stakeholders, first venture capital investment, and exit in the UK startup ecosystem27
Executive incentives under common ownership27
Seasoned equity crowdfunded offerings27
The anatomy of corporate securitizations and contract design27
Offshore activities and corporate tax avoidance26
Prosocial CEOs and the cost of debt: Evidence from syndicated loan contracts26
Relationship-based debt financing of Chinese private sector firms: The role of social connections to banks versus political connections26
Individual investors matter: The effect of investor-firm interactions on corporate earnings management26
Outside director social network centrality and turnover before stock performance crash: A friend in need?26
Do gender diverse boards enhance managerial ability?25
Female CFOs, leverage and the moderating role of board diversity and CEO power25
The role of personal income taxes in corporate investment decisions24
Does commercial reform embracing digital technologies mitigate stock price crash risk?24
Corporate diversification, investment efficiency and the business cycle24
Naïve or sophisticated? Information disclosure and investment decisions in peer to peer lending24
A primer on oracle economics24
Cybersecurity risk and corporate innovation24
Innovation for promotion: The effect of executive involvement on inventors' innovation choice24
Dark trading volume and market quality: A natural experiment24
Does corrupt practice increase the implied cost of equity?23
Corporate investment and growth opportunities: The role of R&D-capital complementarity23
Director self-dealing: Evidence from compensation peer groups23
Asymmetric response to earnings news across different sentiment states: The role of cognitive dissonance23
CEO personality traits, strategic flexibility, and firm dynamics22
Adoption of central bank digital currencies: Initial evidence from China22
Overlapping institutional ownership along the supply chain and earnings management of supplier firms22
Bankruptcy, overlapping directors, and bank loan pricing22
Stakeholder preference and strategic corporate social responsibility22
The finance of climate change22
R&D tax credits, technology spillovers, and firms' product convergence21
Editorial Board20
The informational consequences of good and bad mergers20
The information advantage of industry common owners and its spillover effect on stock price crash risk20
Decomposing value gains – The case of the best leveraged buy-out ever20
Volatility of implied volatility and mergers and acquisitions20
Foreign competition and CEO risk-incentive compensation20
Regulation and information costs of sovereign distress: Evidence from corporate lending markets19
Are non-family successors all the same? Inside-promoted vs. outside-sourced19
Courting innovation: The effects of litigation risk on corporate innovation19
Labor-saving innovations and capital structure19
The information value of M&A press releases19
Individualism, formal institutional environments, and bank capital decisions19
Which antitakeover provisions deter takeovers?19
Hostile takeovers or friendly mergers? Real options analysis19
Securities litigation risk and board gender diversity19
Impact of internal governance on investment policy: Evidence from CEO voluntary turnovers19
Influential independent directors' reputation incentives: Impacts on CEO compensation contracts and financial reporting19
Law and borders: Entrepreneurs' immigration status and trade credit18
Bankers’ pay and the evolving structure of US banking18
Natural disasters, risk salience, and corporate ESG disclosure18
Seeking efficiency or price gouging? Evidence from pharmaceutical mergers18
Corporate site visit and tax avoidance: The effects of monitoring and tax knowledge dissemination18
The real impacts of public short campaigns: Evidence from stakeholders17
The dark side of asset redeployability through the lens of corporate employment decisions17
Customer orientation and stock resilience during adversity periods17
Market pressure or regulatory pressure? U.S. small bank pre-emptive IT investment to data privacy regulation17
Backing away from ESG? The effect of sovereign rating downgrades on corporate sustainability17
The ripple effect: How subsidies transform firm behavior17
Firms save from bonds but not from loans17
The role of divestitures in horizontal mergers17
The role of individual investment bankers in IPO pricing: Evidence from investor bidding behavior16
Supply chain vertical common ownership and cost of loans16
Economic preferences for risk-taking and financing costs16
Natural disasters and firm leasing: A collateral channel16
Opioid epidemic and corporate innovation16
Gender board diversity and the cost of bank loans16
Managers' cultural origin and corporate response to an economic shock16
Pricing of project finance bonds: A comparative analysis of primary market spreads16
Can a not-for-profit minority institutional shareholder make a big difference in corporate governance? A quasi-natural experiment16
Institutional dual ownership and voluntary greenhouse gas emission disclosure16
The role of financial constraints in firm investment under pollution abatement regulation16
Machine Learning for the Unlisted: Enhancing MSME Default Prediction with Public Market Signals15
Corrigendum to “Corporate board reforms around the world and stock price crash risk” 62 (2020) 10155715
Investor–firm interactions and corporate investment efficiency: Evidence from China15
Corporate governance reforms, societal trust, and corporate financial policies15
The long-term effects of loan guarantees on SME performance15
Environmental regulations, supply chain relationships, and green technological innovation15
Editorial: Ownership and corporate social and sustainable policies15
Mandatory corporate social responsibility and foreign institutional investor preferences14
Societal secrecy and IPO underpricing14
CEOs' narcissism and opportunistic insider trading14
Green credit and its obstacles: Evidence from China's green credit guidelines14
Divided we fall: Congressional cycles, the stock market and firm performance14
To pollute or not to pollute: Political connections and corporate environmental performance14
The equity value implications of court ideology: Evidence from federal judge turnover14
A shot in the arm: Economic support packages and firm performance during COVID-1914
Editorial Board14
Editorial Board14
Why are distressed firms acquisitive?14
Green banking illusion? The influence of “Eco-Conscious” bank shareholders on credit allocation14
Understanding stock price behavior around external financing14
Perceptions of corporate corruption culture and debt contracting13
Making honest men of them: Institutional investors, financial reporting, and the appointment of female directors to all-male boards13
The role of the end time in experimental asset markets13
The effect of geographic proximity on corporate tax avoidance: Evidence from China13
Governance, information flow, and stock returns13
The impact of product market competition on workplace safety13
Fintech, financial constraints and innovation: Evidence from China13
How alternative finance informs central themes in corporate finance13
Editorial Board13
Does tax reform affect labor investment efficiency?13
Changes in CEO stock option grants: A look at the numbers12
Are all activists created equal? The effect of interventions by hedge funds and other private activists on long-term shareholder value12
The influence of media slant on short sellers12
Mutual funds' capital gains lock-in and earnings management12
Benchmarking private equity: The direct alpha method12
Editorial Board12
Are family and friends the wrong investors? Evidence from U.S. start-ups12
Underwriter incentives and IPO pricing12
The gender gap in bank credit access11
Innovation Success and Capital Structure11
One false step can make a great difference: Does corporate litigation cause the exit of the controlling shareholder?11
Corporate insider purchases and the options market: Competition among informed investors11
Regional redistribution through SBA guaranteed loan programs11
The role of employer learning and regulatory interventions in mitigating executive gender pay gap11
Illuminating the murk: The effect of business complexity on voluntary disclosure11
Does environmental and social performance affect pricing efficiency? Evidence from earnings conference call tones11
Executive compensation and secured debt: Evidence from REITs11
Editorial Board11
Boards of Banks11
Contingent convertible bonds: Optimal call strategy and the impact of refinancing11
Stock liquidity and corporate labor investment11
Effectiveness of monitoring, managerial entrenchment, and corporate cash holdings11
Boardroom networks and corporate investment11
Credit default swaps and corporate debt structure10
Ancestral connections and corporate alliances10
The effect of social connections on capital structure in supplier-customer relationships10
Does gender diversity on banks' boards matter? Evidence from public bailouts10
Callable or convertible debt? The role of debt overhang and covenants10
JCF special issue on private equity editorial10
Do younger CEOs really increase firm risk? Evidence from sudden CEO deaths10
Editorial Board10
Do investors benefit from MiFID II unbundling?9
Do firms manage their share prices to mitigate investor short-termism?9
Outside directors' equity incentives and strategic alliance decisions9
Subsidizing uncertain investments: The role of production technology and imprecise learning9
Editorial Board9
Networks and information in credit markets9
Punishment or deterrence? Environmental justice construction and corporate equity financing––Evidence from environmental courts9
Editorial Board9
Rating on a behavioral curve9
CEO cultural heritage and corporate social responsibility9
Industrial policy and governmental venture capital: Evidence from China9
Gender bias, board diversity, and firm value: Evidence from a natural experiment9
The stock market valuation of human capital creation9
Information production in start-up firms: SPACs vs. Traditional IPOs8
Happily ever after? Lender diversification and performance sensitivity in post-IPO loans8
Beta estimation precision and corporate investment efficiency8
How useful are commercial corporate governance ratings? Evidence from emerging markets8
CEO marital status and dividend policy8
Shareholder litigation risk and the information environment: Revisiting evidence from two natural experiments8
Iron curtain echoes: The enduring impact of communism and crowdfunding8
How did small business respond to unexpected shocks? Evidence from a natural experiment in China8
Sovereign wealth funds and cost of debt: Evidence from syndicated loans8
Do CFO career concerns matter? Evidence from IPO financial reporting outcomes8
Tunneling through trademarks8
Patent pledgeability, trade secrecy, and corporate patenting8
Bank liquidity creation and religious observance: Evidence from Ramadan fasting8
Editorial Board8
Information asymmetry, external certification, and the cost of bank debt8
Partisan conflict and corporate credit spreads: The role of political connection8
The signaling role of trade credit: Evidence from a counterfactual analysis8
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