Jess Cornaggia

Pennsylvania State University - Department of Finance

Professor of Finance

University Park, PA 16802

United States

http://https://directory.smeal.psu.edu/jnc29

  • Pennsylvania State University - Department of Finance

SCHOLARLY PAPERS

31

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19,080

SSRN CITATIONS
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SSRN RANKINGS

Top 3,042

in Total Papers Citations

558

CROSSREF CITATIONS

51

Scholarly Papers (31)

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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 2,827 (9,099)
Citation 179

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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
Jess Cornaggia, Kimberly Cornaggia and John Hund
Pennsylvania State University - Department of Finance, Pennsylvania State University - Department of Finance and University of Georgia
Downloads 2,132 (14,288)
Citation 22

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

3.

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 1,894 (17,240)
Citation 9

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

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 1,045 (41,803)
Citation 59

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

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
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 997 (44,699)
Citation 84

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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 968 (46,597)
Citation 13

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

7.

Initial Public Offerings and the Local Economy: Evidence of Crowding Out

Downloads 899 (51,551)
Citation 4

Initial Public Offerings and the Local Economy: Evidence of Crowding Out

Number of pages: 45 Posted: 14 Sep 2017 Last Revised: 19 Dec 2023
Jess Cornaggia, Matthew Gustafson, Jason D. Kotter and Kevin Pisciotta
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 861 (53,938)
Citation 3

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IPO, Economic Growth, Crowding Out, Concentration

Initial Public Offerings and the Local Economy

Number of pages: 45 Posted: 27 May 2022
Jess Cornaggia, Matthew Gustafson, Jason D. Kotter and Kevin Pisciotta
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 38 (840,623)
Citation 3

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Local Agglomerations, Employment Growth, Initial Public Offerings, Firm Ownership

8.

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 895 (51,881)
Citation 85

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

9.

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 781 (62,431)
Citation 52

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Credit Ratings, NRSRO, Capital Markets Regulation, Certification

10.

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 577 (91,886)
Citation 17

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

11.

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 560 (95,437)
Citation 4

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

12.

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
Alexander W. Butler, Jess Cornaggia, Gustavo Grullon and James Weston
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 541 (99,714)
Citation 13

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Market Timing, Financing Decisions, Investment Policy

13.

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 521 (104,340)
Citation 26

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

14.

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 494 (111,415)

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

15.

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 464 (120,298)
Citation 2

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ESG, ESG Ratings, Sustainability, Greenwashing, CSR

16.

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 G. Gurun
Rice University - Jesse H. Jones Graduate School of Business, Pennsylvania State University - Department of Finance and University of Texas at Dallas
Downloads 428 (131,947)
Citation 19

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

17.

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

Number of pages: 111 Posted: 26 Dec 2018 Last Revised: 16 Apr 2024
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 371 (155,173)
Citation 2

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Bid protests, contracting, government contracts

18.

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 331 (175,662)

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

19.

Weathering Distress: Corporate Bankruptcy and Bank Competition

Number of pages: 65 Posted: 15 Jul 2017 Last Revised: 21 Oct 2021
Jess Cornaggia, Mahsa Kaviani and Hosein Maleki
Pennsylvania State University - Department of Finance, University of Delaware and Rutgers Business School - Rutgers University
Downloads 248 (236,308)

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corporate bankruptcy, bankruptcy resolution, bank competition

20.

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

Number of pages: 43 Posted: 17 Aug 2019
Jess Cornaggia, Matthew Gustafson, Ryan D. Israelsen and Zihan Ye
Pennsylvania State University - Department of Finance, Pennsylvania State University - Smeal College of Business, Michigan State University - Department of Finance and University of Tennessee
Downloads 241 (243,059)
Citation 1

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

21.

Natural Disasters, Financial Shocks, and Human Capital

Number of pages: 83 Posted: 18 May 2022 Last Revised: 24 May 2024
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 224 (260,850)
Citation 1

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

22.

Renewable Energy Resources and the Local Economy: Evidence from Municipal Bonds

Number of pages: 75 Posted: 13 Sep 2023 Last Revised: 01 Jun 2024
Jess Cornaggia and Peter Iliev
Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 218 (268,649)

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Renewable energy, Municipal finance, Energy transition, Climate finance, Natural resources

23.

Does Being Private Constrain Geographic Expansion?

Number of pages: 83 Posted: 19 Jan 2021 Last Revised: 21 Dec 2021
Jess Cornaggia, Matthew Gustafson, Jason D. Kotter and Kevin Pisciotta
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 209 (278,180)
Citation 1

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Initial Public Offerings, M&A, Geographic Expansion, US Census

24.

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 202 (287,069)
Citation 2

Abstract:

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

25.

Informal Relationships and Credit Ratings

Number of pages: 65 Posted: 03 Jun 2021 Last Revised: 04 Mar 2024
Jess Cornaggia, Feifan Jiang, Jay Y. Li, Chenyu Shan and Dragon Yongjun Tang
Pennsylvania State University - Department of Finance, Industrial Securities Co. Ltd, University of North Carolina at Greensboro, Shanghai University of Finance and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 200 (289,665)

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Credit ratings, Entertainment expenditures, Informal Relationships

26.

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

Number of pages: 36 Posted: 11 Dec 2008 Last Revised: 04 Mar 2009
Alexander W. Butler, Jess Cornaggia, Gustavo Grullon and James Weston
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 198 (292,228)
Citation 1

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27.

Climate Risk, Credit, and Food Security

Number of pages: 58 Posted: 25 Jul 2022 Last Revised: 27 Sep 2023
Jess Cornaggia and Jay Y. Li
Pennsylvania State University - Department of Finance and University of North Carolina at Greensboro
Downloads 197 (293,562)

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Climate risk, Food security, Productivity, Credit, Finance

28.

Episodic Stability in Capital Structure: The Role of Credit Market Segmentation

Fox School of Business Research Paper No. 18-039
Number of pages: 60 Posted: 02 Aug 2018 Last Revised: 28 May 2021
Jess Cornaggia, Mahsa Kaviani, Lawrence Kryzanowski and Hosein Maleki
Pennsylvania State University - Department of Finance, University of Delaware, Concordia University, Quebec - John Molson School of Business and Rutgers Business School - Rutgers University
Downloads 136 (402,212)

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

29.

The State and Local Cost of Net Zero

Number of pages: 59 Posted: 30 Nov 2023 Last Revised: 05 Sep 2024
Jess Cornaggia and Peter Iliev
Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 133 (409,424)

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JEL classification codes: G1, G2, H2, H7, Q4, Q5 Renewable energy, Municipal finance, Energy transition, State funding

30.

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 100 (505,619)
Citation 3

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31.

Who Should Manage Impact Investments? Evidence from Affordable Housing

Number of pages: 46 Posted: 28 Jun 2024
Jess Cornaggia and Eva Steiner
Pennsylvania State University - Department of Finance and Pennsylvania State University - Smeal College of Business
Downloads 49 (741,571)

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Impact investing, affordable housing, non-profit investing. JEL Classification: G11