Jess Cornaggia

Pennsylvania State University - Department of Finance

Professor of Finance

University Park, PA 16802

United States

http://jesscornaggia.com

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 3,190

SSRN RANKINGS

Top 3,190

in Total Papers Downloads

12,771

SSRN CITATIONS
Rank 7,018

SSRN RANKINGS

Top 7,018

in Total Papers Citations

132

CROSSREF CITATIONS

41

Scholarly Papers (23)

1.

Does Banking Competition Affect Innovation?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 49 Posted: 08 Mar 2012 Last Revised: 13 May 2014
Jess Cornaggia, Yifei Mao, Xuan Tian and Brian Wolfe
Pennsylvania State University - Department of Finance, Cornell University - SC Johnson College of Business - Finance Department, Tsinghua University - PBC School of Finance and University of Texas at San Antonio
Downloads 2,374 (6,294)
Citation 37

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Banking competition, Innovation, Access to finance, External finance dependence, Mergers and acquisitions, Economic growth

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
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and University of Georgia
Downloads 1,999 (8,420)
Citation 19

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

3.

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 Rodgers Cornaggia
Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 946 (26,717)
Citation 12

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

4.

Crowding Out Banks: Credit Substitution by Peer-To-Peer Lending

Number of pages: 66 Posted: 18 Jul 2017 Last Revised: 04 Sep 2019
Jess Cornaggia, Brian Wolfe and Woongsun Yoo
Pennsylvania State University - Department of Finance, University of Texas at San Antonio and Central Michigan University
Downloads 879 (29,638)
Citation 6

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Financial Intermediation, Banking, Peer-To-Peer Lending, FinTech, Marketplace Lending, Crowdfunding, Security Registration

5.

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
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and Michigan State University - Department of Finance
Downloads 835 (31,873)
Citation 9

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

6.

Does Access to External Finance Improve Productivity? Evidence from a Natural Experiment

Journal of Financial Economics (JFE), Vol. 99, No. 1, 2011
Number of pages: 53 Posted: 17 Jan 2008 Last Revised: 23 Sep 2014
Alexander W. Butler and Jess Cornaggia
Rice University - Jesse H. Jones Graduate School of Business and Pennsylvania State University - Department of Finance
Downloads 789 (34,410)
Citation 13

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economic growth, access to finance, banking, natural experiment, productivity, crop yields, ethanol

7.

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 Rodgers 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 777 (35,134)
Citation 10

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

8.

Does Regulatory Certification Affect the Information Content of Credit Ratings?

Management Science, Forthcoming
Number of pages: 47 Posted: 22 Nov 2011 Last Revised: 12 Nov 2014
American University - Department of Finance and Real Estate, Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 686 (41,620)
Citation 25

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Credit Ratings, NRSRO, Capital Markets Regulation, Certification

9.

The Value of Access to Finance: Evidence from M&A

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 02 Nov 2014 Last Revised: 04 Aug 2018
Jess Cornaggia and Jay Y. Li
Pennsylvania State University - Department of Finance and University of North Carolina at Greensboro
Downloads 469 (67,749)
Citation 6

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M&A, Access to finance, Financing synergy, Banking deregulation

10.

Corporate Financing Decisions, Managerial Market Timing, and Real Investment

Journal of Financial Economics (JFE), Vol. 101, No. 3, 2011
Number of pages: 52 Posted: 30 Mar 2009 Last Revised: 23 Sep 2014
Rice University - Jesse H. Jones Graduate School of Business, Pennsylvania State University - Department of Finance, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business
Downloads 467 (68,086)
Citation 12

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Market Timing, Financing Decisions, Investment Policy

11.

Where the Heart Is: Information Production and the Home Bias

Management Science, Forthcoming
Number of pages: 66 Posted: 03 Nov 2014 Last Revised: 30 Jun 2019
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and Michigan State University - Department of Finance
Downloads 423 (76,726)
Citation 3

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

12.

Does Risk Management Matter? Evidence from the U.S. Agricultural Industry

Journal of Financial Economics (JFE), 109 (2) 419-440, 2013
Number of pages: 56 Posted: 10 Dec 2008 Last Revised: 23 Sep 2014
Jess Cornaggia
Pennsylvania State University - Department of Finance
Downloads 402 (81,459)
Citation 11

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risk management, hedging, productivity, firm value, access to finance, risk

13.

Initial Public Offerings and the Local Economy

Number of pages: 66 Posted: 14 Sep 2017 Last Revised: 14 Mar 2020
Pennsylvania State University - Department of Finance, Pennsylvania State University - Smeal College of Business, Brigham Young University - Department of Finance and University of Kansas - School of Business
Downloads 362 (92,246)

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IPO, Economic Growth

14.

Do Local Capital Market Conditions Affect Consumers' Borrowing Decisions?

Management Science, Forthcoming
Number of pages: 33 Posted: 29 Jul 2010 Last Revised: 15 Sep 2020
Alexander W. Butler, Jess Cornaggia and Umit Gurun
Rice University - Jesse H. Jones Graduate School of Business, Pennsylvania State University - Department of Finance and University of Texas at Dallas
Downloads 356 (93,690)
Citation 18

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Peer-to-peer, Access to finance, Bank competition, Finance-growth nexus, Consumer finance, Household finance

15.

Grit and Credit Risk

Number of pages: 58 Posted: 12 Dec 2018 Last Revised: 01 May 2020
Jess Cornaggia, Kimberly Rodgers 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 223 (153,120)

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Student loans, Grit, Perseverance, Credit risk factors, Household finance

16.

Equity Issues and Returns: Managerial Timing, Reaction, or Both?

Number of pages: 36 Posted: 11 Dec 2008 Last Revised: 04 Mar 2009
Rice University - Jesse H. Jones Graduate School of Business, Pennsylvania State University - Department of Finance, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business
Downloads 174 (192,119)
Citation 1

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17.

The Value of Uninformative Credit Ratings

Number of pages: 38 Posted: 27 Oct 2015
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and Pennsylvania State University
Downloads 145 (223,915)

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

18.

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

Number of pages: 78 Posted: 26 Dec 2018 Last Revised: 22 Apr 2020
Pennsylvania State University - Smeal College of Business, Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 113 (270,851)
Citation 1

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Bid protests, contracting, government procurement, competition.

19.

Government Spending and Local Demographics: Evidence from Moody's Municipal Ratings Recalibration

Number of pages: 43 Posted: 17 Aug 2019
Pennsylvania State University - Department of Finance, Pennsylvania State University - Smeal College of Business, Michigan State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 83 (331,409)

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Credit ratings, Income inequality, Income distribution, Migration, Municipal finance

20.

Does Initial Placement Matter for Equity Analysts' Forecast Accuracy

Number of pages: 41 Posted: 10 Dec 2008 Last Revised: 22 Nov 2011
Jess Cornaggia and Lin Zou
Pennsylvania State University - Department of Finance and affiliation not provided to SSRN
Downloads 77 (346,351)
Citation 4

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21.

Episodic Stability in Capital Structure: The Role of Access to Credit

Fox School of Business Research Paper No. 18-039
Number of pages: 64 Posted: 02 Aug 2018 Last Revised: 04 Sep 2019
Pennsylvania State University - Department of Finance, University of Delaware, Concordia University, Quebec - John Molson School of Business and Florida State University
Downloads 72 (359,762)

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capital structure stability, access to credit, credit market segmentation, credit ratings

22.

Does Bank Competition Affect Corporate Bankruptcy?

Number of pages: 58 Posted: 15 Jul 2017 Last Revised: 29 Feb 2020
Jess Cornaggia, Mahsa Kaviani and Hosein Maleki
Pennsylvania State University - Department of Finance, University of Delaware and Florida State University
Downloads 67 (373,954)

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financial distress, bankruptcy resolution, bank competition

23.

Credit Rating Agency Fees: Pay to Play or Pay for Work?

Number of pages: 61 Posted: 23 Apr 2019
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and Michigan State University - Department of Finance
Downloads 53 (419,334)

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