Research Paper On Corporate Finance

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NBER Papers on Corporate Finance

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2018
w24365 Kristle Cortés
Yuliya Demyanyk
Lei Li
Elena Loutskina
Philip E. Strahan
Stress Tests and Small Business Lending
w24370 Bronwyn H. Hall
Is There a Role for Patents in the Financing of Innovative Firms?
w24375 Ross Levine
Chen Lin
Zigan Wang
Wensi Xie
Bank Liquidity, Credit Supply, and the Environment
w24360 Mitchell Hoffman
Steven Tadelis
People Management Skills, Employee Attrition, and Manager Rewards: An Empirical Analysis
w24322 Atif R. Mian
Amir Sufi
Finance and Business Cycles: The Credit-Driven Household Demand Channel
w24329 Emily Breza
Cynthia Kinnan
Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis
w24343 Alan Benson
Danielle Li
Kelly Shue
Promotions and the Peter Principle
w24298 Gary B. Gorton
Toomas Laarits
Collateral Damage
w24307 Efraim Benmelech
Nittai Bergman
Hyunseob Kim
Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?
w24249 Nicholas Bloom
Aprajit Mahajan
David McKenzie
John Roberts
Do Management Interventions Last? Evidence from India
w24262 Marco Di Maggio
Amir Kermani
Kaveh Majlesi
Stock Market Returns and Consumption
w24265 Craig Doidge
Kathleen M. Kahle
G. Andrew Karolyi
René M. Stulz
Eclipse of the Public Corporation or Eclipse of the Public Markets?
w24269 Victoria Ivashina
Benjamin Iverson
Trade Creditors' Information Advantage
w24221 Pablo Ottonello
Thomas Winberry
Financial Heterogeneity and the Investment Channel of Monetary Policy
w24230 Zheng Michael Song
Wei Xiong
Risks in China's Financial System
w24237 Roni Michaely
Stefano Rossi
Michael Weber
The Information Content of Dividends: Safer Profits, Not Higher Profits
w24208 David Sraer
David Thesmar
A Sufficient Statistics Approach for Aggregating Firm-Level Experiments
w24198 Hans K. Hvide
Paul Oyer
Dinner Table Human Capital and Entrepreneurship
w24180 Manuel Adelino
Kristopher Gerardi
Barney Hartman-Glaser
Are Lemons Sold First? Dynamic Signaling in the Mortgage Market
w24182 Ralph Koijen
Motohiro Yogo
The Fragility of Market Risk Insurance
2017
w24161 John Gathergood
Neale Mahoney
Neil Stewart
Joerg Weber
How Do Individuals Repay Their Debt? The Balance-Matching Heuristic
w24168 João Granja
Christian Leuz
The Death of a Regulator: Strict Supervision, Bank Lending and Business Activity
w24176 Rawley Z. Heimer
Alp Simsek
Should Retail Investors' Leverage Be Limited?
w24154 Michael D. Bordo
An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime
w24142 Ming Dong
David Hirshleifer
Siew Hong Teoh
Stock Market Overvaluation, Moon Shots, and Corporate Innovation
w24132 Eduardo Dávila
Ansgar Walther
Does Size Matter? Bailouts with Large and Small Banks
w24102 Benjamin Bennett
René Stulz
Zexi Wang
Does the Stock Market Make Firms More Productive?
w24104 Vojislav Maksimovic
Gordon M. Phillips
Liu Yang
Do Public Firms Respond to Investment Opportunities More than Private Firms? The Impact of Initial Firm Quality
w24108 Anusha Chari
Ryan Leary
Toan Phan
The Costs of (sub)Sovereign Default Risk: Evidence from Puerto Rico
w24064 Jongsub Lee
Junho Oh
David Yermack
Credit Default Swaps, Agency Problems, and Management Incentives
w24081 John (Jianqiu) Bai
Daniel Carvalho
Gordon M. Phillips
The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity
w24082 Gordon M. Phillips
Alexei Zhdanov
Venture Capital Investments and Merger and Acquisition Activity Around the World
w24083 Christian Leuz
Steffen Meyer
Maximilian Muhn
Eugene Soltes
Andreas Hackethal
Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation
w24091 Michael Bailey
Eduardo Dávila
Theresa Kuchler
Johannes Stroebel
House Price Beliefs And Mortgage Leverage Choice
w24053 Josh Lerner
Amit Seru
The Use and Misuse of Patent Data: Issues for Corporate Finance and Beyond
w24058 Paige Ouimet
Geoffrey Tate
Learning from Coworkers: Peer Effects on Individual Investment Decisions
w24029 Tarek A. Hassan
Stephan Hollander
Laurence van Lent
Ahmed Tahoun
Firm-Level Political Risk: Measurement and Effects
w24003 Alberto Abadie
Susan Athey
Guido W. Imbens
Jeffrey Wooldridge
When Should You Adjust Standard Errors for Clustering?
w24018 Brandon Gipper
Luzi Hail
Christian Leuz
On the Economics of Audit Partner Tenure and Rotation: Evidence from PCAOB Data
w24011 Shai Bernstein
Timothy McQuade
Richard R. Townsend
Does Economic Insecurity Affect Employee Innovation?
w23985 Arvind Krishnamurthy
Stefan Nagel
Annette Vissing-Jorgensen
ECB Policies Involving Government Bond Purchases: Impact and Channels
w23994 Amine Ouazad
Romain Rancière
City Equilibrium with Borrowing Constraints: Structural Estimation and General Equilibrium Effects
w23996 Stefano DellaVigna
Matthew Gentzkow
Uniform Pricing in US Retail Chains
w23999 Stefan Avdjiev
Bilyana Bogdanova
Patrick Bolton
Wei Jiang
Anastasia Kartasheva
CoCo Issuance and Bank Fragility
w23967 Jongha Lim
Michael W. Schwert
Michael S. Weisbach
The Economics of PIPEs
w23920 Jonathan A. Parker
Nicholas S. Souleles
Reported Preference vs. Revealed Preference: Evidence from the Propensity to Spend Tax Rebates
w23930 Emmanuel Farhi
Jean Tirole
Shadow Banking and the Four Pillars of Traditional Financial Intermediation
w23933 Alexander M. Chinco
Adam D. Clark-Joseph
Mao Ye
Sparse Signals in the Cross-Section of Returns
w23895 William Gornall
Ilya A. Strebulaev
Squaring Venture Capital Valuations with Reality
w23907 Raymond Fisman
Keith Gladstone
Ilyana Kuziemko
Suresh Naidu
Do Americans Want to Tax Capital? Evidence from Online Surveys
w23910 Andrei S. Gonçalves
Chen Xue
Lu Zhang
Does the Investment Model Explain Value and Momentum Simultaneously?
w23866 Roy Shapira
Luigi Zingales
Is Pollution Value-Maximizing? The DuPont Case
w23869 Murillo Campello
Janet Gao
Jiaping Qiu
Yue Zhang
Bankruptcy and the Cost of Organized Labor: Evidence from Union Elections
w23874 Sabrina T. Howell
Learning from Feedback: Evidence from New Ventures
w23883 Samuel M. Hartzmark
Kelly Shue
A Tough Act to Follow: Contrast Effects In Financial Markets
w23889 Alexander Ljungqvist
Konrad Raff
Busy Directors: Strategic Interaction and Monitoring Synergies
w23843 Brian S. Chen
Samuel G. Hanson
Jeremy C. Stein
The Decline of Big-Bank Lending to Small Business: Dynamic Impacts on Local Credit and Labor Markets
w23845 Randall Morck
Bernard Yeung
East Asian Financial and Economic Development
w23850 Arvind Krishnamurthy
Tyler Muir
How Credit Cycles across a Financial Crisis
w23812 Hideaki Miyajima
Ryo Ogawa
Takuji Saito
Changes in Corporate Governance and Top Executive Turnover: The Evidence from Japan
w23831 Richard T. Thakor
Andrew W. Lo
Optimal Financing for R&D-Intensive Firms
w23832 Steven N. Kaplan
Morten Sorensen
Are CEOs Different? Characteristics of Top Managers
w23767 John R. Graham
Mark T. Leary
The Evolution of Corporate Cash
w23776 Benjamin Hermalin
Biased Monitors: Corporate Governance When Managerial Ability is Mis-assessed
w23804 Naoshi Ikeda
Kotaro Inoue
Sho Watanabe
Enjoying the Quiet Life: Corporate Decision-Making by Entrenched Managers
w23785 Francesco D’Acunto
Marcel Prokopczuk
Michael Weber
Historical Antisemitism, Ethnic Specialization, and Financial Development
w23798 Bruce Carlin
Arna Olafsson
Michaela Pagel
FinTech Adoption Across Generations: Financial Fitness in the Information Age
w23799 Michael W. Faulkender
Kristine W. Hankins
Mitchell A. Petersen
Understanding Precautionary Cash at Home and Abroad
w23800 Ross Levine
Chen Lin
Wensi Xie
The Origins of Financial Development: How the African Slave Trade Continues to Influence Modern Finance
w23802 Atif Mian
Amir Sufi
Emil Verner
How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s
w23755 Mark D. Flood
Dror Y. Kenett
Robin L. Lumsdaine
Jonathan K. Simon
The Complexity of Bank Holding Companies: A Topological Approach
w23696 Jonathan B. Berk
Jules H. van Binsbergen
Regulation of Charlatans in High-Skill Professions
w23704 João F. Gomes
Marco Grotteria
Jessica A. Wachter
Cyclical Dispersion in Expected Defaults
w23706 Andreas Fuster
Stephanie H. Lo
Paul S. Willen
The Time-Varying Price of Financial Intermediation in the Mortgage Market
w23715 Takeo Hoshi
Satoshi Koibuchi
Ulrike Schaede
The Decline in Bank-Led Corporate Restructuring in Japan: 1981-2010
w23723 Geoffrey Heal
Price Uncertainty and Price-Contingent Securities
w23650 Alexander M. Chinco
Mao Ye
Investment-Horizon Spillovers
w23654 Emilia Bonaccorsi di Patti
Anil Kashyap
Which Banks Recover From Large Adverse Shocks?
w23658 François Gourio
Anil K. Kashyap
Jae Sim
The Tradeoffs in Leaning Against the Wind
w23675 Seth G. Benzell
Laurence J. Kotlikoff
Guillermo LaGarda
Simulating Business Cash Flow Taxation: An Illustration Based on the "Better Way" Corporate Tax Reform
w23626 Shai Bernstein
Josh Lerner
Filippo Mezzanotti
Private Equity and Financial Fragility during the Crisis
w23598 Zhuo Chen
Zhiguo He
Chun Liu
The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes
w23600 Jonathan Gruber
Amalie Jensen
Henrik Kleven
Do People Respond to the Mortage Interest Deduction? Quasi-Experimental Evidence from Denmark
w23608 Michael Bailey
Ruiqing (Rachel) Cao
Theresa Kuchler
Johannes Stroebel
Arlene Wong
Measuring Social Connectedness
w23612 Patrick Bolton
Haizhou Huang
The Capital Structure of Nations
w23614 Ricardo J. Caballero
Alp Simsek
A Risk-centric Model of Demand Recessions and Macroprudential Policy
w23596 Alex Edmans
Xavier Gabaix
Dirk Jenter
Executive Compensation: A Survey of Theory and Evidence
w23570 Efraim Benmelech
Adam Guren
Brian T. Melzer
Making the House a Home: The Stimulative Effect of Home Purchases on Consumption and Investment
w23583 Germán Gutiérrez
Thomas Philippon
Declining Competition and Investment in the U.S.
w23593 Luigi Zingales
Towards a Political Theory of the Firm
w23563 Kewei Hou
Haitao Mo
Chen Xue
Lu Zhang
The Economics of Value Investing
w23541 Raffaele Santioni
Fabio Schiantarelli
Philip E. Strahan
Internal Capital Markets in Times of Crisis: The Benefit of Group Affiliation in Italy
w23546 Nittai K. Bergman
Rajkamal Iyer
Richard T. Thakor
The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis
w23511 Bruce Carlin
William Mann
Finance, farms, and the Fed's early years
w23512 Efraim Benmelech
Nittai K. Bergman
Credit Market Freezes
w23515 Dean Corbae
Pablo D'Erasmo
Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics
w23505 Andreas Nilsson
David T. Robinson
What is the Business of Business?
w23493 Isil Erel
Yeejin Jang
Bernadette A. Minton
Michael S. Weisbach
Corporate Liquidity, Acquisitions, and Macroeconomic Conditions
w23502 Manuel Adelino
Antoinette Schoar
Felipe Severino
Dynamics of Housing Debt in the Recent Boom and Great Recession
w23460 Vikas Mehrotra
Randall Morck
Governance and Stakeholders
w23464 Steven N. Kaplan
Are U.S. Companies Too Short-Term Oriented? Some Thoughts
w23469 Ross Levine
Chen Lin
Zigan Wang
Acquiring Banking Networks
w23476 Andrea L. Eisfeldt
Hanno Lustig
Lei Zhang
Complex Asset Markets
w23449 Anthony A. DeFusco
Charles G. Nathanson
Eric Zwick
Speculative Dynamics of Prices and Volume
w23452 Tomasz Piskorski
Alexei Tchistyi
An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts
w23454 Paul A. Gompers
Sophie Q. Wang
And the Children Shall Lead: Gender Diversity and Performance in Venture Capital
w23459 Paul A. Gompers
Kevin Huang
Sophie Q. Wang
Homophily in Entrepreneurial Team Formation
w23419 Elias Albagli
Christian Hellwig
Aleh Tsyvinski
Imperfect Financial Markets and Shareholder Incentives in Partial and General Equilibrium
w23424 Ali Ozdagli
Michael Weber
Monetary Policy through Production Networks: Evidence from the Stock Market
w23425 Michał Dzieliński
Alexander F. Wagner
Richard J. Zeckhauser
Straight Talkers and Vague Talkers: The Effects of Managerial Style in Earnings Conference Calls
w23428 Robert S. Harris
Tim Jenkinson
Steven N. Kaplan
Ruediger Stucke
Financial Intermediation in Private Equity: How Well Do Funds of Funds Perform?
w23432 David Hirshleifer
Po-Hsuan Hsu
Dongmei Li
Innovative Originality, Profitability, and Stock Returns
w23434 Chen Lin
Thomas Schmid
Michael S. Weisbach
Price Risk, Production Flexibility, and Liquidity Management: Evidence from Electricity Generating Firms
w23407 Laura Alfaro
Gonzalo Asis
Anusha Chari
Ugo Panizza
Lessons Unlearned? Corporate Debt in Emerging Markets
w23394 Kewei Hou
Chen Xue
Lu Zhang
Replicating Anomalies
w23356 Jeffrey R. Brown
Jiekun Huang
All the President's Friends: Political Access and Firm Value
w23373 Markus Ibert
Ron Kaniel
Stijn Van Nieuwerburgh
Roine Vestman
Are Mutual Fund Managers Paid For Investment Skill?
w23331 Heitor Almeida
Kristine Watson Hankins
Ryan Williams
Risk Management with Supply Contracts
w23310 Irem Demirci
Jennifer Huang
Clemens Sialm
Government Debt and Corporate Leverage: International Evidence
w23316 Falk Bräuning
Victoria Ivashina
Monetary Policy and Global Banking
w23317 Mike Anderson
René M. Stulz
Is Post-Crisis Bond Liquidity Lower?
w23291 Mark Egan
Stefan Lewellen
Adi Sunderam
The Cross Section of Bank Value
w23300 Nicholas Bloom
Erik Brynjolfsson
Lucia Foster
Ron S. Jarmin
Megha Patnaik
Itay Saporta-Eksten
John Van Reenen
What Drives Differences in Management?
w23302 Adriano A. Rampini
S. Viswanathan
Financial Intermediary Capital
w23305 Shai Bernstein
Emanuele Colonnelli
Ben Iverson
Asset Allocation in Bankruptcy
w23268 Joan Farre-Mensa
Deepak Hegde
Alexander Ljungqvist
What is a Patent Worth? Evidence from the U.S. Patent "Lottery"
w23273 Raphael Boleslavsky
Bruce I. Carlin
Christopher Cotton
Competing for Capital: Auditing and Credibility in Financial Reporting
w23274 Azi Ben-Rephael
Bruce I. Carlin
Zhi Da
Ryan D. Israelsen
Demand for Information and Asset Pricing
w23276 Matthew Gentzkow
Bryan T. Kelly
Matt Taddy
Text as Data
w23288 Greg Buchak
Gregor Matvos
Tomasz Piskorski
Amit Seru
Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks
w23249 Juliane Begenau
Berardino Palazzo
Firm Selection and Corporate Cash Holdings
w23255 John R. Graham
Campbell R. Harvey
Jillian Popadak
Shivaram Rajgopal
Corporate Culture: Evidence from the Field
w23226 Lu Zhang
The Investment CAPM
w23242 Mark L. Egan
Gregor Matvos
Amit Seru
When Harry Fired Sally: The Double Standard in Punishing Misconduct
w23211 Itzhak Ben-David
Marieke Bos
Impulsive Consumption and Financial Wellbeing: Evidence from an Increase in the Availability of Alcohol
w23212 Bernadette A. Minton
René M. Stulz
Alvaro G. Taboada
Are Larger Banks Valued More Highly?
w23216 Efraim Benmelech
Carola Frydman
Dimitris Papanikolaou
Financial Frictions and Employment during the Great Depression
w23191 Robin Greenwood
Andrei Shleifer
Yang You
Bubbles for Fama
w23194 Markus K. Brunnermeier
Michael Sockin
Wei Xiong
China's Gradualistic Economic Approach and Financial Markets
w23170 Wenxin Du
Alexander Tepper
Adrien Verdelhan
Deviations from Covered Interest Rate Parity
w23176 Xavier Giroud
Holger M. Mueller
Firms' Internal Networks and Local Economic Shocks
w23179 Felipe Restrepo
Lina Cardona Sosa
Philip E. Strahan
Funding Liquidity without Banks: Evidence from a Shock to the Cost of Very Short-Term Debt
w23152 Alexander Wagner
Richard J. Zeckhauser
Alexandre Ziegler
Company Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade
w23167 Kyriakos T. Chousakos
Gary B. Gorton
Bank Health Post-Crisis
w23168 Eleanor W. Dillon
Christopher T. Stanton
Self-Employment Dynamics and the Returns to Entrepreneurship
w23162 Shai Bernstein
Emanuele Colonnelli
Xavier Giroud
Benjamin Iverson
Bankruptcy Spillovers
w23121 Benjamin Hermalin
Michael Weisbach
Assessing Managerial Ability: Implications for Corporate Governance
w23133 Peter Chen
Loukas Karabarbounis
Brent Neiman
The Global Rise of Corporate Saving
w23091 Kelly Shue
Richard Townsend
How do Quasi-Random Option Grants Affect CEO Risk-Taking?
w23115 Briana Chang
Harrison Hong
Assignment of Stock Market Coverage
w23066 Francesco D’Acunto
Ryan Liu
Carolin Pflueger
Michael Weber
Flexible Prices and Leverage
w23080 Liangliang Jiang
Ross Levine
Chen Lin
Does Competition Affect Bank Risk?
w23082 Paul A. Gompers
Sophie Q. Wang
Diversity in Innovation
w23083 Thomas Philippon
Pierre Pessarossi
Boubacar Camara
Backtesting European Stress Tests
w23041 Mara Faccio
Luigi Zingales
Political Determinants of Competition in the Mobile Telecommunication Industry
w23052 B. Zorina Khan
Related Investing: Corporate Ownership and Capital Mobilization during Early Industrialization
w23055 Douglas W. Diamond
Yunzhi Hu
Raghuram G. Rajan
Pledgeability, Industry Liquidity, and Financing Cycles
w23030 Charles G. Nathanson
Eric Zwick
Arrested Development: Theory and Evidence of Supply-Side Speculation in the Housing Market

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Generated on Sat Mar 10 00:00:03 2018

The Journal of Corporate Finance aims to publish high quality, original manuscripts that analyze issues related to corporate finance.
Contributions can be of a theoretical, empirical, or clinical nature.
Topical areas of interest include, but are not limited to: financial structure, payout policies, corporate restructuring, financial contracts, corporate governance arrangements, the economics of organizations, the influence of legal structures, and international financial management. Papers that apply asset pricing and microstructure analysis to corporate finance issues are also welcome.

Submission Policy Statement

The editors of the Journal of Corporate Finance are committed to publishing papers that advance our knowledge of corporate finance through both theoretical and empirical work. We hope to publish papers that are useful to readers and that are innovative. We will publish papers with "non results" if they contribute to our general understanding of corporate finance. In today's world, there are vast amounts of data from many different countries available readily. Thus, there are great opportunities to do work that expand our knowledge. However, there are also unprecedented opportunities to find correlations among variables with weak theoretical justification. Papers that do so will not be published. Our goal is to publish research that impacts our understanding of corporate finance.

The Journal of Corporate Finance has a two-stage review process. In the first stage, at least one editor must decide that a paper should go to a reviewer. The number of submissions to the JCF has increased dramatically and we do not have the resources in terms of the editor's and, most importantly, reviewer's time to review all papers. If a paper passes the first stage, the paper is sent to at least one reviewer for detailed comments. We would like to help authors improve their papers, even if they will not be published, but we are severely limited in that role by resource constraints. The editor's final decisions are based on the potential contribution of the paper, the fit with the mission of the Journal of Corporate Finance, and the quality of the work.

Each submission must be accompanied by a submission fee of US$250.00. The submission fee applies to every round, unless forgiven by the Editors. Submissions will only be considered after payment of the submission fee via SubmissionStart. Submission fee is non-refundable and a paper may be rejected by the Editors without being sent for review, should a paper be inconsistent with the Aims and Scope of the Journal as set out on the Journal website, or not adhere to the style requirements as outlined in the Guide for Authors. The submission fees are used to support journal related activities.

Authors considering a submission should make sure the paper is as polished as possible, fits with the mission of the Journal of Corporate Finance (a guiding question is whether there are related publications already in the Journal of Corporate Finance) and is of interest to our readers. Our letter to reviewers contains this paragraph and should further guide authors:

The Journal of Corporate Finance is a leading corporate finance journal that publishes both theoretical and empirical papers. The Journal of Corporate Finance is receiving a large number of submissions and we have many high quality submissions. Thus, our rejection rate is now over 95% and we, and you, do not have the resources to work with any paper that while at some point may be publishable, would need significant work from the authors (and you). Empirical work that replicates earlier work for a new sample (or new international data) is generally not publishable unless the sample allows important new insights. Theoretical work needs important empirical implications, regardless of the quality of the technique, to be considered. We can not publish theoretical work where the contribution is the technique. Further, it is not a referee's job to work with a paper that is poorly executed or does not recognize the literature or in general is submitted too early. Of course, sometimes it is beneficial to work with a diamond in the rough but only if you recognize there could be a valuable diamond there, not some vague potential of a diamond. If you believe the paper is not publishable for any of the above reasons even a short note explaining your reasoning would be helpful.

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