OOIR: Observatory of International Research

Papers

(The TQCC of Journal of Corporate Finance is 15. 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 2022-01-01 to 2026-01-01.)

Article	Citations
Insider pledging: Its information content and forced sale	374
Long-term institutional investors and climate change news Beta	213
Can employee welfare policies insure workers against fluctuations in employment?	168
Pre-IPO hype by affiliated analysts: Motives and consequences	137
Greening through trade	133
Buffing firm innovation by lobbying	116
Product market competition with CDS	88
Imbalanced ESG investing?	86
Non-financial corporations and systemic risk	83
Labor unions and real earnings management	83
Corporate ownership and ESG performance	80
Judicial independence and crash risk: Evidence from a natural experiment in China	70
Mergers and acquisitions with private equity intermediation	66
Board directors' foreign experience and firm dividend payouts	64
Have banks caught corona? Effects of COVID on lending in the U.S.	62
Venture capitalist directors and managerial incentives	61
Zombie lending due to the fear of fire sales	60
Economic magnitudes within reason	59
Interest rate uncertainty and the investment/financing decisions	56
Signaling through timing of stock splits	56
Earnings announcements in China: Overnight-intraday disparity	56
Quantifying the legacy of trauma: The long-term impact of the African slave trade on contemporary firm corruption	56
The real impacts of third-party certification on green bond issuances: Evidence from the Chinese green bond market	55
Corporate divestitures around acquisitions	55
Right-to-Work laws and corporate innovation	55

Exposures to common shocks along supply chains and relative performance evaluation in CEO compensation contracts	53
Do options trading activities affect underlying firms' asymmetric cost behavior?	52
Learning and staged equity financing	51
Serving multiple ‘masters’: Evidence from the loan decisions of a publicly listed state-owned bank around a massive economic stimulus programme	51
Anti-collusion leniency legislations and IPO activity: Worldwide evidence	49
Inventory investment and the choice of financing: Does financial development play a role?	49
Editorial Board	47
Leggso: Financing experimentation	47
Bank market power and financial reporting quality	46
Liquidity and clientele effects in green debt markets	46
CEO overconfidence and bondholder wealth effects: Evidence from mergers and acquisitions	44
Government contracts and labor investment efficiency	43
Taking no chances: Lender concentration and corporate acquisitions	42
Institutional voids and business group dynamics: Evidence from judicial reform in China	42
Local religiosity and financial advisor misconduct	41
Dividend taxation and the ownership structure of private firms	40
Corporate socio-political activism and retail investors: Evidence from the Black Lives Matter campaign	38
Do bank shocks affect physical or R&D investments more? Evidence from Japan	38
Islamic bonds ratings and the price of risk	38
A review of DAO governance: Recent literature and emerging trends	37
Director networks and firm value	37
Credit default swaps, the leverage effect, and cross-sectional predictability of equity and firm asset volatility	36
Political uncertainty and institutional herding	36
The impact of delay: Evidence from formal out-of-court restructuring	36
May the force be with you: Investor power and company valuations	35
Editorial Board	35
Pandemics and financial development: A lesson from the 1918 influenza pandemic	35
Dividend hibernation and future earnings: When no dividend news is good news	35
Tightening monetary policy and investment dynamics in the European Monetary Union: Firm- and country-level heterogeneity	34
Money isn't everything: Compensation of locally educated executives	34
Polarized corporate boards	34
Major customers and carbon footprints along the supply chain	33
Informed options trading before FDA drug advisory meetings	33
Social diversity in corporate boards and firm outcomes	33
The intangible shift: Redefining the dynamics of market-to-book ratios	33
Sunshine-induced mood and SEO pricing: Evidence from detailed investor bids in SEO auctions	32
CSR contracting and performance-induced CEO turnover	32
Board gender diversity and responsible banking during the COVID-19 pandemic	31
Speculative bubbles under supply constraints, background risk and investment fraud in the art market	31
Does marriage equality promote credit access? Evidence from same-sex marriage laws	30
Does farming culture shape household financial decisions?	30
Managerial incentives and trade credit: Evidence from China's EVA appraisal reform among CSOEs	30
The impact of automation on firms' reporting quality	29
Robust inference in single firm/single event analyses	29
Do “say-on-pay” votes affect M&A decisions?	29
Beneficiary investor monitoring and asset manager engagement	28
The bright side of the internal labor market: Evidence from the labor cost stickiness of firms affiliated with privately owned business groups in China	28
Employee stock options and innovation: Evidence from an exogenous shock to employee intellectual property rights	28
Early-stage venture financing	28
Risk, return, and environmental and social ratings	28

Strategic flexibility: How rent-seeking behavior enables firms to adapt to uncertainty	28
Competition and the value of innovation	28
Customer identity concealing and insider selling profitability: Evidence from China	27
Unpacking the black box of ICO white papers: A topic modeling approach	27
Financing constraints and share pledges: Evidence from the share pledge reform in China	26
Debt structure and debt overhang	26
U.S. multinationals' alternatives to paying taxes	26
Duration of executive compensation and maturity structure of corporate debt	26
Innovation beyond firm boundaries: Strategic alliances and corporate innovation	26
Automation cost flexibility and firm value	25
Foundation ownership and sustainability	25
(Black)Rock the vote: Index funds and opposition to management	25
The Long-term effect of social disasters on stock market participation	25
Innovation for promotion: The effect of executive involvement on inventors' innovation choice	25
The anatomy of corporate securitizations and contract design	24
Corporate diversification, investment efficiency and the business cycle	24
Executive incentives under common ownership	24
Seasoned equity crowdfunded offerings	24
Early individual stakeholders, first venture capital investment, and exit in the UK startup ecosystem	24
Do gender diverse boards enhance managerial ability?	23
Offshore activities and corporate tax avoidance	23
Prosocial CEOs and the cost of debt: Evidence from syndicated loan contracts	23
The role of personal income taxes in corporate investment decisions	23
Outside director social network centrality and turnover before stock performance crash: A friend in need?	23
Does commercial reform embracing digital technologies mitigate stock price crash risk?	22
Relationship-based debt financing of Chinese private sector firms: The role of social connections to banks versus political connections	22
A primer on oracle economics	21
Naïve or sophisticated? Information disclosure and investment decisions in peer to peer lending	21
Dynamic incentive contracts for ESG investing	21
The finance of climate change	21
Individual investors matter: The effect of investor-firm interactions on corporate earnings management	21
Overlapping institutional ownership along the supply chain and earnings management of supplier firms	21
Cybersecurity risk and corporate innovation	21
Dark trading volume and market quality: A natural experiment	20
Adoption of central bank digital currencies: Initial evidence from China	20
Director self-dealing: Evidence from compensation peer groups	20
Does corrupt practice increase the implied cost of equity?	20
CEO personality traits, strategic flexibility, and firm dynamics	20
Asymmetric response to earnings news across different sentiment states: The role of cognitive dissonance	20
R&D tax credits, technology spillovers, and firms' product convergence	20
Corporate investment and growth opportunities: The role of R&D-capital complementarity	20
Stakeholder preference and strategic corporate social responsibility	20
The informational consequences of good and bad mergers	19
The information value of M&A press releases	19
Editorial Board	19
Decomposing value gains – The case of the best leveraged buy-out ever	19
Volatility of implied volatility and mergers and acquisitions	19
Foreign competition and CEO risk-incentive compensation	19
Which antitakeover provisions deter takeovers?	19
Impact of internal governance on investment policy: Evidence from CEO voluntary turnovers	19
Regulation and information costs of sovereign distress: Evidence from corporate lending markets	18
Labor-saving innovations and capital structure	18
Influential independent directors' reputation incentives: Impacts on CEO compensation contracts and financial reporting	18
The information advantage of industry common owners and its spillover effect on stock price crash risk	18
Individualism, formal institutional environments, and bank capital decisions	18
Hostile takeovers or friendly mergers? Real options analysis	18
Seeking efficiency or price gouging? Evidence from pharmaceutical mergers	17
The dark side of asset redeployability through the lens of corporate employment decisions	17
The ripple effect: How subsidies transform firm behavior	17
Natural disasters, risk salience, and corporate ESG disclosure	17
Bankers’ pay and the evolving structure of US banking	17
The real impacts of public short campaigns: Evidence from stakeholders	17
Law and borders: Entrepreneurs' immigration status and trade credit	17
Corporate site visit and tax avoidance: The effects of monitoring and tax knowledge dissemination	17
Market pressure or regulatory pressure? U.S. small bank pre-emptive IT investment to data privacy regulation	17
Supply chain vertical common ownership and cost of loans	16
The role of divestitures in horizontal mergers	16
Customer orientation and stock resilience during adversity periods	16
The role of individual investment bankers in IPO pricing: Evidence from investor bidding behavior	16
Firms save from bonds but not from loans	16
Pricing of project finance bonds: A comparative analysis of primary market spreads	16
Backing away from ESG? The effect of sovereign rating downgrades on corporate sustainability	16
Managers' cultural origin and corporate response to an economic shock	15
Can a not-for-profit minority institutional shareholder make a big difference in corporate governance? A quasi-natural experiment	15
The role of financial constraints in firm investment under pollution abatement regulation	15
Institutional dual ownership and voluntary greenhouse gas emission disclosure	15
Opioid epidemic and corporate innovation	15
Natural disasters and firm leasing: A collateral channel	15
Economic preferences for risk-taking and financing costs	15
Investor–firm interactions and corporate investment efficiency: Evidence from China	15