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

31

DOWNLOADS
Rank 2,863

SSRN RANKINGS

Top 2,863

in Total Papers Downloads

21,118

SSRN CITATIONS
Rank 3,016

SSRN RANKINGS

Top 3,016

in Total Papers Citations

414

CROSSREF CITATIONS

141

Scholarly Papers (31)

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 2,464 (10,097)
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 2,109 (13,008)
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 1,229 (29,657)
Citation 10

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

4.

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 1,114 (34,154)
Citation 7

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

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 1,011 (39,249)
Citation 50

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

6.

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 962 (42,107)
Citation 97

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Bankruptcy, Financial Distress, Contagion, Supply Chain

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 953 (42,690)
Citation 66

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

8.

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 939 (43,593)
Citation 5

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

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 914 (45,201)
Citation 8

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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 879 (47,661)
Citation 35

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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 779 (56,198)
Citation 17

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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 750 (59,142)
Citation 45

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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 650 (71,238)

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14.

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 590 (80,322)
Citation 11

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

15.

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 581 (81,850)
Citation 16

Abstract:

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Chapter 11, reorganization

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 540 (89,763)
Citation 4

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

17.

Financial Effects of Remote Product Delivery: Evidence from Hospitals

Number of pages: 91 Posted: 26 Apr 2021 Last Revised: 26 Oct 2023
Kimberly Cornaggia, Xuelin Li and Zihan Ye
Pennsylvania State University - Department of Finance, Columbia Business School and University of Tennessee
Downloads 525 (92,986)

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

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 487 (101,903)
Citation 10

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

19.

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 433 (117,091)

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

20.

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 431 (117,736)

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Credit Ratings, Earnings management, Accruals, Market efficiency

21.

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 375 (137,991)
Citation 2

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municipal markets; financial guaranty; insurance value; asymmetric information

22.

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 367 (141,331)
Citation 1

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Chapter 11, Capital Structure, Fresh Start, Restructuring

23.

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

Number of pages: 106 Posted: 26 Dec 2018 Last Revised: 06 Jul 2023
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 313 (167,771)
Citation 2

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Bid protests, contracting, government contracts

24.

ESG Ratings Management

Number of pages: 76 Posted: 27 Jul 2023 Last Revised: 25 Aug 2023
Jess Cornaggia and Kimberly Cornaggia
Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 283 (186,281)

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ESG, ESG Ratings, Sustainability, Greenwashing, CSR

25.

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 283 (186,956)

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

26.

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 247 (213,469)

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

27.

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 239 (220,409)
Citation 1

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

28.

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 236 (223,189)

Abstract:

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Audit Fees, Credit Ratings, Economic Bonding, Information Intermediary

29.

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 191 (271,568)
Citation 2

Abstract:

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

30.

Natural Disasters, Financial Shocks, and Human Capital

Number of pages: 76 Posted: 18 May 2022 Last Revised: 27 Nov 2023
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 124 (387,373)
Citation 1

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

31.

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 120 (396,893)

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Bankruptcy, Financial Distress, Absolute Priority, Distressed Equity Valuation