Kimberly Cornaggia

Pennsylvania State University - Department of Finance

306 Business Bldg

University Park, PA 16802

United States

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

SCHOLARLY PAPERS

30

DOWNLOADS
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SSRN RANKINGS

Top 2,740

in Total Papers Downloads

18,426

SSRN CITATIONS
Rank 5,050

SSRN RANKINGS

Top 5,050

in Total Papers Citations

127

CROSSREF CITATIONS

138

Scholarly Papers (30)

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 2,398 (8,386)
Citation 18

Abstract:

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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 2,059 (10,782)
Citation 22

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

3.

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 1,193 (24,918)
Citation 10

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

4.

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 977 (33,197)
Citation 16

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

5.

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 School of Business & Economics and Pennsylvania State University - Department of Finance
Downloads 912 (36,610)
Citation 37

Abstract:

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Bankruptcy, Financial Distress, Contagion, Supply Chain

6.

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 901 (37,196)
Citation 5

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

7.

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 895 (37,589)
Citation 17

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

8.

Opioid Crisis Effects On Municipal Finance

Number of pages: 83 Posted: 12 Sep 2019 Last Revised: 02 Jun 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 Nevada, Las Vegas
Downloads 876 (38,805)
Citation 7

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

9.

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 855 (40,047)
Citation 2

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Accounting conservatism, bankruptcy prediction, distress risk, financial distress

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 816 (42,658)
Citation 12

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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 704 (51,921)
Citation 2

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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 703 (52,013)
Citation 27

Abstract:

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Credit Ratings, NRSRO, Capital Markets Regulation, Certification

13.

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 622 (60,914)

Abstract:

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14.

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 544 (72,127)
Citation 7

Abstract:

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Chapter 11, reorganization

15.

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 534 (73,869)
Citation 11

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

16.

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 485 (83,054)
Citation 4

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

17.

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 417 (99,131)

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

18.

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 392 (106,476)

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Credit Ratings, Earnings management, Accruals, Market efficiency

19.

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 351 (120,552)
Citation 1

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Chapter 11, Capital Structure, Fresh Start, Restructuring

20.

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 342 (124,051)

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

21.

Virtual Competition and Cost of Capital: Evidence from Telehealth

Number of pages: 80 Posted: 26 Apr 2021 Last Revised: 01 Jun 2022
Kimberly Cornaggia, Xuelin Li and Zihan Ye
Pennsylvania State University - Department of Finance, University of South Carolina - Darla Moore School of Business and University of Nevada, Las Vegas
Downloads 276 (155,064)

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

22.

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

Number of pages: 72 Posted: 19 Oct 2018 Last Revised: 31 Mar 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 251 (170,573)
Citation 2

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municipal markets; financial guaranty; insurance value; asymmetric information

23.

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

Number of pages: 84 Posted: 26 Dec 2018 Last Revised: 23 Jun 2021
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 222 (192,593)
Citation 2

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Bid protests, contracting, government contracts

24.

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 203 (208,445)

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Audit Fees, Credit Ratings, Economic Bonding, Information Intermediary

25.

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 168 (245,621)
Citation 2

Abstract:

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

26.

Rating Agency Fees: Pay to Play in Public Finance?

Number of pages: 62 Posted: 23 Apr 2019 Last Revised: 03 Jun 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 152 (266,888)

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

27.

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 106 (348,421)

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Bankruptcy, Financial Distress, Absolute Priority, Distressed Equity Valuation

28.

Opioid Abuse and Corporate Innovation

Number of pages: 63 Posted: 11 May 2022 Last Revised: 05 Aug 2022
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 Nevada, Las Vegas
Downloads 49 (532,934)

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Corporate Innovation, Patents, M&A, Opioid Abuse, Skilled Employees

29.

Debt and Transcripts: Financial Effects of Natural Disasters

Number of pages: 67 Posted: 18 May 2022 Last Revised: 19 Jul 2022
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 23 (677,749)

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

30.

Who Mismanages Student Loans and Why?

Posted: 29 Sep 2020 Last Revised: 22 Jul 2022
Kimberly Cornaggia and Han Xia
Pennsylvania State University - Department of Finance and University of Texas at Dallas - Naveen Jindal School of Management

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