Kimberly Cornaggia

Pennsylvania State University - Department of Finance

306 Business Bldg

University Park, PA 16802

United States

http://directory.smeal.psu.edu/kjr15

  • Pennsylvania State University - Department of Finance

    • Email
    • Tel: 814-865-2243
    • Fax: 814-865-3362
SCHOLARLY PAPERS

33

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25,023

TOTAL CITATIONS
Rank 2,719

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Top 2,719

in Total Papers Citations

565

Scholarly Papers (33)

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1.

Rating Through the Relationship: Soft Information and Credit Ratings

Number of pages: 37 Posted: 29 May 2003 Last Revised: 24 Feb 2012
Alexander W. Butler and Kimberly Cornaggia
Rice University - Jesse H. Jones Graduate School of Business and Pennsylvania State University - Department of Finance
Downloads 2,550 (11,998)
Citation 18

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Solicited bond rating, information production

2.

Credit Ratings across Asset Classes: A Long-Term Perspective

Review of Finance, Forthcoming
Number of pages: 67 Posted: 15 Aug 2011 Last Revised: 07 Jun 2018
Jess Cornaggia, Kimberly Cornaggia and John Hund
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and University of Georgia
Downloads 2,168 (15,619)
Citation 22

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Credit Ratings, Credit Standards, Rating Agency, Ratings Comparability, Regulatory Capital

3.

Opioid Crisis Effects On Municipal Finance

Review of Financial Studies, vol. 35, no. 4, 2021, pp. 2019–2066
Number of pages: 83 Posted: 12 Sep 2019 Last Revised: 28 Aug 2022
Kimberly Cornaggia, John Hund, Giang Nguyen and Zihan Ye
Pennsylvania State University - Department of Finance, University of Georgia, Pennsylvania State University - Smeal College of Business and University of Tennessee
Downloads 1,346 (32,434)
Citation 7

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Access to Finance, Municipal Bonds, Opioid Epidemic, Public Finance, Prescription Drug Monitoring Program

4.

Bringing Leased Assets onto the Balance Sheet

Journal of Corporate Finance 22, 345-360.
Number of pages: 44 Posted: 21 Sep 2010 Last Revised: 18 Mar 2014
Kimberly Cornaggia, Laurel Franzen and Timothy T. Simin
Pennsylvania State University - Department of Finance, Loyola Marymount University and Pennsylvania State University
Downloads 1,293 (34,438)
Citation 10

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Accounting performance, Capital structure, Financial risk, Lease financing, Off-Balance-Sheet, Risk metrics

5.

Estimating the Costs of Issuer-Paid Credit Ratings

Review of Financial Studies 26(10) 2229-2269
Number of pages: 61 Posted: 09 Nov 2010 Last Revised: 18 Mar 2014
Jess Cornaggia and Kimberly Cornaggia
Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 1,076 (45,157)
Citation 66

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Corporate Debt, Credit Ratings, NRSROs, Information Intermediary, Capital Markets Regulation

6.

Credit Ratings and the Cost of Municipal Financing

Review of Financial Studies, forthcoming.
Number of pages: 61 Posted: 01 Aug 2013 Last Revised: 08 Jul 2017
Jess Cornaggia, Kimberly Cornaggia and Ryan D. Israelsen
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and Michigan State University - Department of Finance
Downloads 1,057 (46,075)
Citation 98

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Credit Ratings, NRSRO, Blind Reliance, Municipal Debt, Information Production, Capital Markets Regulation

7.

Inter-Firm Linkages and the Wealth Effects of Financial Distress Along the Supply Chain

Journal of Financial Economics, Vol. 87, No. 2, pp. 374-387
Number of pages: 32 Posted: 10 Jul 2006 Last Revised: 22 Jan 2009
Michael G. Hertzel, Micah S. Officer, Zhi Li and Kimberly Cornaggia
Arizona State University (ASU) - Finance Department, Loyola Marymount University - Department of Finance, Chapman University - The George L. Argyros College of Business and Economics and Pennsylvania State University - Department of Finance
Downloads 1,054 (46,242)
Citation 145

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Bankruptcy, Financial Distress, Contagion, Supply Chain

8.

Measuring Distress Risk: The Effect of R&D Intensity

AFA 2007 Chicago Meetings Paper, Journal of Finance, Vol. 62, No. 6, pp. 2331-2368.
Number of pages: 59 Posted: 03 Dec 2005 Last Revised: 23 Mar 2014
Laurel Franzen, Kimberly Cornaggia and Timothy T. Simin
Loyola Marymount University, Pennsylvania State University - Department of Finance and Pennsylvania State University
Downloads 1,023 (48,316)
Citation 14

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Accounting conservatism, bankruptcy prediction, distress risk, financial distress

9.

Managing the Balance Sheet with Leases

Number of pages: 43 Posted: 21 Jul 2012 Last Revised: 07 Jun 2018
Kimberly Cornaggia, Laurel Franzen and Timothy T. Simin
Pennsylvania State University - Department of Finance, Loyola Marymount University and Pennsylvania State University
Downloads 987 (50,793)
Citation 5

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Financial risk, Manipulation, Lease financing, Off-Balance-Sheet

10.

Revolving Doors on Wall Street

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 55 Posted: 23 Sep 2012 Last Revised: 03 Jun 2015
Jess Cornaggia, Kimberly Cornaggia and Han Xia
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 941 (54,280)
Citation 45

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Credit Ratings, Capital Markets Regulation, Human Capital, Regulatory Capture, Revolving Door, Credit Analysts, NRSROs, Analyst Labor Market

11.

Managerial Ability and Credit Ratings

Contemporary Accounting Research, Forthcoming
Number of pages: 44 Posted: 24 Dec 2014 Last Revised: 04 Jul 2017
Kimberly Cornaggia, Gopal V. Krishnan and Changjiang (John) Wang
Pennsylvania State University - Department of Finance, Bentley University and University of Cincinnati - Department of Accounting
Downloads 864 (61,141)
Citation 20

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Credit Ratings, Information intermediary, Managerial ability, Soft Information

12.

Does Regulatory Certification Affect the Information Content of Credit Ratings?

Management Science, Forthcoming
Number of pages: 47 Posted: 22 Nov 2011 Last Revised: 02 Jun 2022
Valentina Bruno, Jess Cornaggia and Kimberly Cornaggia
American University - Department of Finance and Real Estate, Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 833 (64,185)
Citation 53

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Credit Ratings, NRSRO, Capital Markets Regulation, Certification

13.

Financial Effects of Remote Product Delivery: Evidence from Hospitals

Review of Financial Studies, forthcoming
Number of pages: 91 Posted: 26 Apr 2021 Last Revised: 24 May 2024
Kimberly Cornaggia, Xuelin Li and Zihan Ye
Pennsylvania State University - Department of Finance, Columbia University and University of Tennessee
Downloads 753 (73,402)

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telehealth, municipal bond, healthcare finance, healthcare inequality, bankruptcy

14.

ESG Ratings Management

Proceedings of the EUROFIDAI-ESSEC Paris December Finance Meeting 2024
Number of pages: 76 Posted: 27 Jul 2023 Last Revised: 15 Nov 2024
Jess Cornaggia and Kimberly Cornaggia
Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 721 (77,669)
Citation 3

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ESG, ESG Ratings, Sustainability, Greenwashing, CSR

15.

Reorganization in Chapter 11

Number of pages: 35 Posted: 17 Oct 2002
Diane K. Denis and Kimberly Cornaggia
University of Pittsburgh - Katz School of Business and Pennsylvania State University - Department of Finance
Downloads 703 (80,346)

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16.

Do Bidders Hire Top-Tier Investment Banks to Certify Value?

Number of pages: 36 Posted: 28 Jan 2002
Kimberly Cornaggia and P. Raghavendra Rau
Pennsylvania State University - Department of Finance and University of Cambridge
Downloads 660 (86,896)
Citation 11

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Tender offers, investment bank incentive fee structure, pay-performance relationship, board composition, ownership structure, insiders

17.

Chapter 11: Duration, Outcome, and Post-Reorganization Performance

Journal of Financial and Quantitative Analysis Vol. 42, No. 01, pp. 101-118., AFA 2003 Washington, DC Meetings
Number of pages: 35 Posted: 02 Nov 2005 Last Revised: 18 Mar 2014
Diane K. Denis and Kimberly Cornaggia
University of Pittsburgh - Katz School of Business and Pennsylvania State University - Department of Finance
Downloads 658 (87,238)
Citation 19

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Chapter 11, reorganization

18.

Investor Attention and Municipal Bond Returns

Journal of Financial Markets, Forthcoming
Number of pages: 59 Posted: 20 Sep 2017 Last Revised: 03 Jun 2022
Kimberly Cornaggia, John Hund and Giang Nguyen
Pennsylvania State University - Department of Finance, University of Georgia and Pennsylvania State University - Smeal College of Business
Downloads 627 (92,789)
Citation 13

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Market segmentation, market efficiency, municipal bonds, bond return indices, bond insurance, investor attention

19.

Unauthorized Immigration and Local Government Finances

Number of pages: 67 Posted: 21 Nov 2024 Last Revised: 21 Jan 2025
Jess Cornaggia, Kimberly Cornaggia and Ryan D. Israelsen
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and Michigan State University - Department of Finance
Downloads 596 (99,018)

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Municipal Finance, Unauthorized Immigration, Bond Yields, Local Government Revenue, Shift-Share Analysis, Labor Markets, Public Finance, Immigration Policy, Sanctuary Cities

20.

Where the Heart Is: Information Production and the Home Bias

Management Science, Forthcoming
Number of pages: 66 Posted: 03 Nov 2014 Last Revised: 28 Mar 2022
Jess Cornaggia, Kimberly Cornaggia and Ryan D. Israelsen
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and Michigan State University - Department of Finance
Downloads 584 (101,669)
Citation 4

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Credit Ratings, Home Bias, Municipal Debt, Information Production, Capital Markets Regulation

21.

College student behavior and student loan default

Number of pages: 62 Posted: 12 Dec 2018 Last Revised: 18 Aug 2021
Jess Cornaggia, Kimberly Cornaggia and Han Xia
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 571 (104,589)
Citation 1

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Student loans, Default risk, Transcripts, Perseverance, Household finance

22.

Choose Your Battles Wisely: The Consequences of Protesting Government Procurement Contracts

Management Science, Forthcoming
Number of pages: 111 Posted: 26 Dec 2018 Last Revised: 13 Jan 2025
Mehmet Canayaz, Jess Cornaggia and Kimberly Cornaggia
Pennsylvania State University - Smeal College of Business, Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 503 (122,346)
Citation 2

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Bid protests, contracting, government contracts

23.

The Price of Safety: The Evolution of Municipal Bond Insurance Value

Management Science, forthcoming
Number of pages: 74 Posted: 19 Oct 2018 Last Revised: 27 Oct 2022
Kimberly Cornaggia, John Hund and Giang Nguyen
Pennsylvania State University - Department of Finance, University of Georgia and Pennsylvania State University - Smeal College of Business
Downloads 465 (134,638)
Citation 2

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municipal markets; financial guaranty; insurance value; asymmetric information

24.

Initial Credit Ratings and Earnings Management

Review of Financial Economics Vol. 22, No. 4, pp. 135-145.
Number of pages: 45 Posted: 03 Apr 2012 Last Revised: 18 Mar 2014
K. Ozgur Demirtas and Kimberly Cornaggia
Sabanci University Graduate School of Management and Pennsylvania State University - Department of Finance
Downloads 465 (134,638)

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Credit Ratings, Earnings management, Accruals, Market efficiency

25.

Spillover Effects of Opioid Abuse on Skilled Human Capital and Innovation Activity

Number of pages: 66 Posted: 11 May 2022 Last Revised: 27 Sep 2023
Kimberly Cornaggia, John Hund, Kevin Pisciotta and Zihan Ye
Pennsylvania State University - Department of Finance, University of Georgia, University of Kansas - School of Business and University of Tennessee
Downloads 405 (158,060)

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Skilled Human Capital, Patent Inventor Mobility, Opioid Abuse, Innovation, Community Health Factors

26.

Financial Restructuring in Fresh Start Chapter 11 Reorganizations

Financial Management Vol. 38. No. 4. pp. 727-745.
Number of pages: 35 Posted: 21 Mar 2006 Last Revised: 14 May 2014
Randall A. Heron, Erik Lie and Kimberly Cornaggia
Indiana University - Kelley School of Business, University of Iowa - Henry B. Tippie College of Business and Pennsylvania State University - Department of Finance
Downloads 384 (167,822)
Citation 1

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Chapter 11, Capital Structure, Fresh Start, Restructuring

27.

Rating Agency Fees: Pay to Play in Public Finance?

Review of Financial Studies, forthcoming
Number of pages: 66 Posted: 23 Apr 2019 Last Revised: 21 Feb 2023
Jess Cornaggia, Kimberly Cornaggia and Ryan D. Israelsen
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and Michigan State University - Department of Finance
Downloads 358 (181,463)

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Credit Ratings, Ratings Fees, Municipal Bonds, Bond Insurance, Information Production

28.

Who Mismanages Student Loans and Why?

Review of Financial Studies, forthcoming
Number of pages: 83 Posted: 29 Sep 2020 Last Revised: 20 Jul 2023
Kimberly Cornaggia and Han Xia
Pennsylvania State University - Department of Finance and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 351 (186,561)
Citation 3

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Student loans, Gender and ethnicity, Altruism, Household finance, Loan servicers

29.

Natural Disasters, Financial Shocks, and Human Capital

Management Science, Forthcoming
Number of pages: 82 Posted: 18 May 2022 Last Revised: 13 Jan 2025
Jess Cornaggia, Kimberly Cornaggia and Han Xia
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 345 (188,904)
Citation 1

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Financial shocks, Human Capital, Student loans, Default risk, Household finance, Natural disasters

30.

The Relation between Excess Audit Fees and Credit Ratings

Number of pages: 57 Posted: 01 Jul 2016 Last Revised: 29 Nov 2016
Valentina Bruno, Kimberly Cornaggia and Gopal V. Krishnan
American University - Department of Finance and Real Estate, Pennsylvania State University - Department of Finance and Bentley University
Downloads 280 (236,216)

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Audit Fees, Credit Ratings, Economic Bonding, Information Intermediary

31.

The Value of Uninformative Credit Ratings

Number of pages: 38 Posted: 27 Oct 2015
Jess Cornaggia, Kimberly Cornaggia and Timothy T. Simin
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and Pennsylvania State University
Downloads 224 (295,063)
Citation 2

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Corporate Debt, Credit Ratings, NRSROs, Information Intermediary, Capital Markets Regulation

32.

Pricing Expected Deviations from Absolute Priority in Bankruptcy

Number of pages: 35 Posted: 23 Feb 2012 Last Revised: 03 Sep 2012
Kimberly Cornaggia, Timothy T. Simin and Arun Upneja
Pennsylvania State University - Department of Finance, Pennsylvania State University and Boston University
Downloads 133 (466,929)

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Bankruptcy, Financial Distress, Absolute Priority, Distressed Equity Valuation

33.

Bachelorette's Degree: Financial Shocks and the Gender Performance Gap

Number of pages: 71 Posted: 14 Apr 2025
Jess Cornaggia, Kimberly Cornaggia and Han Xia
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 45 (892,768)

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Performance gap, Natural disasters, Financial shocks, Human capital, Household finance