The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
It pays to have friends
Overview
The claims and statistics of this paper haven’t been checked yet.
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Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Corporate Governance and Equity Prices
Gompers, P., Ishii, J., & Metrick, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535162 · Cited by 6,120
What Matters in Corporate Governance?
Bebchuk, L., Cohen, A., & Ferrell, A. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn099 · Cited by 2,906
Social Norms and Economic Theory
Elster, J. (1989) · Journal of Economic Perspectives · doi:10.1257/jep.3.4.99 · Cited by 2,071
Classified boards, firm value, and managerial entrenchment
Faleye, O. (2007) · Journal of Financial Economics · doi:10.1016/j.jfineco.2006.01.005 · Cited by 550 · cited 5×
“Board consultants in the popular press broach this issue, saying that when directors debate whether or how to fire a CEO, ‘‘they [the directors] typically need the most help in dealing with their attachment to the CEO’’ (Business Week, 2007), and academic studies find weaker sensitivity of turnover to performance with…”
Influential
Cited by
The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey
Adams, R. B., Hermalin, B. E., & Weisbach, M. S. (2010) · Journal of Economic Literature · doi:10.1257/jel.48.1.58 · Cited by 2,358
Agency Problems of Corporate Philanthropy
Masulis, R. W., & Reza, S. W. (2015) · Review of Financial Studies · doi:10.1093/rfs/hhu082 · Cited by 1,020
Politically Connected Boards of Directors and The Allocation of Procurement Contracts
Goldman, E., Rocholl, J., & So, J. (2013) · Review of Finance · doi:10.1093/rof/rfs039 · Cited by 920
CEO network centrality and merger performance
El-Khatib, R., Fogel, K., & Jandik, T. (2015) · Journal of Financial Economics · doi:10.1016/j.jfineco.2015.01.001 · Cited by 585
Engelberg, J., Gao, P., & Parsons, C. A. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.08.003 · Cited by 537
Metadata
- Authors
- Hwang, B.-H., & Kim, S.
- Venue
- Journal of Financial Economics
- Publisher
- Elsevier BV
- Published
- 2009-07
- Volume
- 93
- Issue
- 1
- Pages
- 138-158
- ISSN
- 0304-405X (ISSN-L)
- OpenAlex
- W2096242048
- Cited by
- 917
- References
- 4
- FWCI
- 155.54
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
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How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: It pays to have friends. https://app.cochat.ai/papers/10.1016/j.jfineco.2008.07.005
- The paper
- Hwang, B.-H., & Kim, S. (2009). It pays to have friends. Journal of Financial Economics. https://doi.org/10.1016/j.jfineco.2008.07.005
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
