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 2021-05-01 to 2025-05-01.)
ArticleCitations
The internal labor markets of business groups297
Fictitious dividend cuts in the CRSP data289
Product market competition with CDS277
Buffing firm innovation by lobbying167
Peer-level analyst transitions161
Insider pledging: Its information content and forced sale157
Which buy-side institutions participate in public earnings conference calls? Implications for capital markets and sell-side coverage142
Corporate ownership and ESG performance131
Pre-IPO hype by affiliated analysts: Motives and consequences130
Long-term institutional investors and climate change news Beta120
Non-financial corporations and systemic risk104
Managerial liability and corporate innovation: Evidence from a legal shock103
Labor unions and real earnings management95
Political connection, CEO gender, and firm performance95
Borrowing from government owned banks & firm's liquidation risk89
Does an anti-corruption campaign increase analyst earnings forecast optimism?87
The dark side of CEO social capital: Evidence from real earnings management and future operating performance87
Judicial independence and crash risk: Evidence from a natural experiment in China84
Mergers and acquisitions with private equity intermediation82
Signaling through timing of stock splits80
The real impacts of third-party certification on green bond issuances: Evidence from the Chinese green bond market78
Customer concentration and M&A performance73
Credit ratings and acquisitions73
Corporate divestitures around acquisitions71
The evolution of pay premiums for managerial attributes71
Earnings announcements in China: Overnight-intraday disparity67
Venture capitalist directors and managerial incentives62
Industry informational interactions and corporate fraud61
Board directors' foreign experience and firm dividend payouts60
Local product market competition and bank loans59
Right-to-Work laws and corporate innovation59
Zombie lending due to the fear of fire sales57
What determines the composition of a firm's cash reserves?57
Economic magnitudes within reason57
How common are credit-less recoveries? Firm-level evidence on the role of financial markets in crisis recovery56
Have banks caught corona? Effects of COVID on lending in the U.S.54
Corporate socio-political activism and retail investors: Evidence from the Black Lives Matter campaign52
Director networks and firm value50
Anti-collusion leniency legislations and IPO activity: Worldwide evidence50
CEO overconfidence and bondholder wealth effects: Evidence from mergers and acquisitions48
Taking no chances: Lender concentration and corporate acquisitions48
Local religiosity and financial advisor misconduct47
Leggso: Financing experimentation46
Serving multiple ‘masters’: Evidence from the loan decisions of a publicly listed state-owned bank around a massive economic stimulus programme45
Do bank shocks affect physical or R&D investments more? Evidence from Japan44
CEO mobility and corporate policy risk43
Learning and staged equity financing42
National Culture and the Value Implications of Corporate Environmental and Social Performance42
Bank market power and financial reporting quality40
Haste doesn't bring success: Top-down amplification of economic growth targets and enterprise overcapacity40
Editorial Board39
Political uncertainty and institutional herding38
Do options trading activities affect underlying firms' asymmetric cost behavior?37
Raising capital after IPO withdrawal37
Dividend taxation and the ownership structure of private firms36
Inventory investment and the choice of financing: Does financial development play a role?36
A review of DAO governance: Recent literature and emerging trends36
Liquidity and clientele effects in green debt markets35
Editorial Board35
Social diversity in corporate boards and firm outcomes35
Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil35
Informed options trading before FDA drug advisory meetings34
Polarized corporate boards34
Dividend hibernation and future earnings: When no dividend news is good news34
Credit default swaps, the leverage effect, and cross-sectional predictability of equity and firm asset volatility34
Pandemics and financial development: A lesson from the 1918 influenza pandemic34
CSR contracting and performance-induced CEO turnover32
The impact of delay: Evidence from formal out-of-court restructuring32
The value of bond underwriter relationships32
Money isn't everything: Compensation of locally educated executives32
May the force be with you: Investor power and company valuations32
Does farming culture shape household financial decisions?31
Sunshine-induced mood and SEO pricing: Evidence from detailed investor bids in SEO auctions31
Board gender diversity and responsible banking during the COVID-19 pandemic31
Debt maturity dispersion and the cost of bank loans31
Speculative bubbles under supply constraints, background risk and investment fraud in the art market31
Stakeholder orientation and the value of cash holdings: Evidence from a natural experiment31
Antitakeover provisions and investment in mergers and acquisitions: A causal reevaluation30
Editorial Board30
The influence of the media on government decisions: Evidence from IPOs in China29
Debt structure and debt overhang29
Does marriage equality promote credit access? Evidence from same-sex marriage laws29
Early-stage venture financing29
Do “say-on-pay” votes affect M&A decisions?28
Robust inference in single firm/single event analyses28
U.S. multinationals' alternatives to paying taxes28
Unpacking the black box of ICO white papers: A topic modeling approach27
Heterogeneity in independent non-executive directors' attributes and risk-taking in large banks27
Duration of executive compensation and maturity structure of corporate debt27
Customer identity concealing and insider selling profitability: Evidence from China27
Innovation beyond firm boundaries: Strategic alliances and corporate innovation27
The bright side of the internal labor market: Evidence from the labor cost stickiness of firms affiliated with privately owned business groups in China27
Does commercial reform embracing digital technologies mitigate stock price crash risk?26
Investor rewards to environmental responsibility: Evidence from the COVID-19 crisis26
Board financial expertise and the capital decisions of US banks26
Foundation ownership and sustainability26
Financing constraints and share pledges: Evidence from the share pledge reform in China26
(Black)Rock the vote: Index funds and opposition to management25
Prosocial CEOs and the cost of debt: Evidence from syndicated loan contracts25
Outside director social network centrality and turnover before stock performance crash: A friend in need?25
Behavioral spillover between firms with shared auditors: The monitoring role of capital market investors25
Underwriting bank bonds: Information sharing, certification and distribution networks25
The role of personal income taxes in corporate investment decisions25
Naïve or sophisticated? Information disclosure and investment decisions in peer to peer lending24
Corporate diversification, investment efficiency and the business cycle24
Innovation for promotion: The effect of executive involvement on inventors' innovation choice24
Do gender diverse boards enhance managerial ability?23
Seasoned equity crowdfunded offerings23
The dynamism of partially state-owned enterprises in East Asia23
Offshore activities and corporate tax avoidance23
The anatomy of corporate securitizations and contract design23
Relationship-based debt financing of Chinese private sector firms: The role of social connections to banks versus political connections23
Individual investors matter: The effect of investor-firm interactions on corporate earnings management22
Executive incentives under common ownership22
Early individual stakeholders, first venture capital investment, and exit in the UK startup ecosystem22
Female CFOs, leverage and the moderating role of board diversity and CEO power22
Cybersecurity risk and corporate innovation22
Director self-dealing: Evidence from compensation peer groups22
Dynamic incentive contracts for ESG investing22
Confucianism, successor choice, and firm performance in family firms: Evidence from China22
R&D tax credits, technology spillovers, and firms' product convergence21
Stakeholder preference and strategic corporate social responsibility21
Adoption of central bank digital currencies: Initial evidence from China21
Are US founding families expropriators or stewards? Evidence from quasi-natural experiment21
Dark trading volume and market quality: A natural experiment21
Overlapping institutional ownership along the supply chain and earnings management of supplier firms21
Corporate investment and growth opportunities: The role of R&D-capital complementarity21
Bankruptcy, overlapping directors, and bank loan pricing21
Hostile takeovers or friendly mergers? Real options analysis20
Which antitakeover provisions deter takeovers?20
Asymmetric response to earnings news across different sentiment states: The role of cognitive dissonance20
Individualism, formal institutional environments, and bank capital decisions20
Does corrupt practice increase the implied cost of equity?20
The finance of climate change20
CEO personality traits, strategic flexibility, and firm dynamics20
The informational consequences of good and bad mergers20
Does bankruptcy law improve the fate of distressed firms? The role of credit channels20
Credit risk spillovers and cash holdings20
Influential independent directors' reputation incentives: Impacts on CEO compensation contracts and financial reporting19
Foreign competition and CEO risk-incentive compensation19
Decomposing value gains – The case of the best leveraged buy-out ever19
Impact of internal governance on investment policy: Evidence from CEO voluntary turnovers19
Labor-saving innovations and capital structure19
Corrigendum to “Corporate culture and CEO turnover” [Journal of Corporate Finance, 28 (2014) 66–82]19
Courting innovation: The effects of litigation risk on corporate innovation19
Does it pay to be socially connected with wall street brokerages? Evidence from cost of equity19
Are non-family successors all the same? Inside-promoted vs. outside-sourced19
Editorial Board19
The information value of M&A press releases19
Volatility of implied volatility and mergers and acquisitions18
Managerial conservatism and corporate policies18
Dare to play with fire? Managerial ability and the use of short-term debt18
Depoliticization and corporate cash holdings: Evidence from the mandated resignation of directors in China18
Natural disasters, risk salience, and corporate ESG disclosure18
Securities litigation risk and board gender diversity18
Regulation and information costs of sovereign distress: Evidence from corporate lending markets18
Law and borders: Entrepreneurs' immigration status and trade credit17
Opioid epidemic and corporate innovation17
The role of individual investment bankers in IPO pricing: Evidence from investor bidding behavior17
The dark side of asset redeployability through the lens of corporate employment decisions17
The role of divestitures in horizontal mergers17
Option compensation, risky mortgage lending, and the financial crisis17
Corporate site visit and tax avoidance: The effects of monitoring and tax knowledge dissemination17
Institutional dual ownership and voluntary greenhouse gas emission disclosure17
Natural disasters and firm leasing: A collateral channel17
Seeking efficiency or price gouging? Evidence from pharmaceutical mergers17
The real impacts of public short campaigns: Evidence from stakeholders17
Local political corruption and Firm's non-GAAP reporting17
Supply chain vertical common ownership and cost of loans16
Corporate governance reforms, societal trust, and corporate financial policies16
Economic preferences for risk-taking and financing costs16
The role of financial constraints in firm investment under pollution abatement regulation16
Air pollution and employee treatment16
Environmental regulations, supply chain relationships, and green technological innovation16
Pricing of project finance bonds: A comparative analysis of primary market spreads16
Managers' cultural origin and corporate response to an economic shock16
Investor–firm interactions and corporate investment efficiency: Evidence from China16
Gender board diversity and the cost of bank loans16
CEO early-life disaster experience and stock price crash risk16
Societal secrecy and IPO underpricing15
Implicit government guarantees and credit ratings15
Corrigendum to “Corporate board reforms around the world and stock price crash risk” 62 (2020) 10155715
The long-term effects of loan guarantees on SME performance15
Can a not-for-profit minority institutional shareholder make a big difference in corporate governance? A quasi-natural experiment15
Editorial Board15
Recession managers and mutual fund performance15
Do short sellers anticipate late filings?15
Mandatory corporate social responsibility and foreign institutional investor preferences14
Green credit and its obstacles: Evidence from China's green credit guidelines14
To pollute or not to pollute: Political connections and corporate environmental performance14
The equity value implications of court ideology: Evidence from federal judge turnover13
Editorial Board13
How alternative finance informs central themes in corporate finance13
Dividend taxes, employment, and firm productivity13
Making honest men of them: Institutional investors, financial reporting, and the appointment of female directors to all-male boards13
A shot in the arm: Economic support packages and firm performance during COVID-1913
Why are distressed firms acquisitive?13
The effect of geographic proximity on corporate tax avoidance: Evidence from China13
Editorial Board13
Editorial Board13
Does tax reform affect labor investment efficiency?13
Governance, information flow, and stock returns13
Understanding stock price behavior around external financing13
Talented inside directors and corporate social responsibility: A tale of two roles12
CEOs' narcissism and opportunistic insider trading12
The influence of media slant on short sellers12
A global analysis of Private Investments in Public Equity12
Employment protection and share repurchases: Evidence from wrongful discharge laws12
Online social networks and corporate investment similarity12
The role of the end time in experimental asset markets12
Editorial Board12
Changes in CEO stock option grants: A look at the numbers12
Perceptions of corporate corruption culture and debt contracting12
Fintech, financial constraints and innovation: Evidence from China12
Managerial discretion and efficiency of internal capital markets12
Employment mobility and pay for sector performance12
The role of employer learning and regulatory interventions in mitigating executive gender pay gap12
Does environmental and social performance affect pricing efficiency? Evidence from earnings conference call tones11
Innovation Success and Capital Structure11
Underwriter incentives and IPO pricing11
Mutual funds' capital gains lock-in and earnings management11
One false step can make a great difference: Does corporate litigation cause the exit of the controlling shareholder?11
Boardroom networks and corporate investment11
Vertical integration to mitigate internal capital market inefficiencies11
Short selling constraints and politically motivated negative information suppression11
Benchmarking private equity: The direct alpha method10
Stock liquidity and corporate labor investment10
Editorial Board10
Editorial Board10
Callable or convertible debt? The role of debt overhang and covenants10
Outside directors' equity incentives and strategic alliance decisions10
Are all activists created equal? The effect of interventions by hedge funds and other private activists on long-term shareholder value10
Firm uncertainty and corporate policies: The role of stock return skewness10
Contingent convertible bonds: Optimal call strategy and the impact of refinancing10
Do firms manage their share prices to mitigate investor short-termism?10
Ancestral connections and corporate alliances10
Executive compensation and secured debt: Evidence from REITs10
Are family and friends the wrong investors? Evidence from U.S. start-ups10
Illuminating the murk: The effect of business complexity on voluntary disclosure10
The gender gap in bank credit access10
JCF special issue on private equity editorial10
Regional redistribution through SBA guaranteed loan programs10
Corporate insider purchases and the options market: Competition among informed investors10
Punishment or deterrence? Environmental justice construction and corporate equity financing––Evidence from environmental courts9
Industrial policy and governmental venture capital: Evidence from China9
The effect of social connections on capital structure in supplier-customer relationships9
Sovereign wealth funds and cost of debt: Evidence from syndicated loans9
Does gender diversity on banks' boards matter? Evidence from public bailouts9
Information production in start-up firms: SPACs vs. Traditional IPOs9
Do younger CEOs really increase firm risk? Evidence from sudden CEO deaths9
0.16096901893616