The DOI matches its Crossref record; 80 of the 80 references it cites were found in a registry or an index.
Growing Out of Trouble? Corporate Responses to Liability Risk
Open accessAbstract
This article analyzes corporate responses to the liability risk arising from workers' exposure to newly identified carcinogens. We find that firms, especially those with weak balance sheets, tend to respond to such risks by acquiring large, unrelated businesses with relatively high operating cash flows. The diversifying growth appears to be primarily motivated by managers' personal exposure to their firms' risk in that the growth has negative announcement returns and is related to firms' external governance, managerial stockholdings, and institutional ownership. The results suggest that corporate governance is particularly important when firms are exposed to the risk of large, adverse shocks.
Overview
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.
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.
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
The source backs part of the claim, not all of it — or backs it for a different population, condition or comparison.
In the citing paper
“For example, each alternative estimator ensures that firms receiving treatment are not compared to those that previously received it.”
From How Much Should We Trust Staggered Difference-in-Differences Estimates? (2022) · cites this paper as Gormley and Matsa, 2011
Experimental — accuracy not yet measuredThe source backs part of the claim, not all of it — or backs it for a different population, condition or comparison.
In the citing paper
“However, the methods differ in which observations are used as effective com parison units and how covariates are incorporated.”
From How Much Should We Trust Staggered Difference-in-Differences Estimates? (2022) · cites this paper as Gormley and Matsa, 2011
Experimental — accuracy not yet measuredThe cited source says what the claim attributes to it.
In the citing paper
“An alternative approach developed by applied researchers for circumventing the issues with TWFE DiD estimators is a “stacked regression” (see, e.g., Gormley and Matsa, 2011; Cengiz et al., 2019; Deshpande and Li, 2019 ).”
From How Much Should We Trust Staggered Difference-in-Differences Estimates? (2022) · cites this paper as Gormley and Matsa, 2011
The check wasn’t confident either way, so it gives no verdict — never disputed.
In the citing paper
“While the literature has not settled on a standard, the proposed solutions all deal with the biases arising from the”
From How Much Should We Trust Staggered Difference-in-Differences Estimates? (2022) · cites this paper as Gormley and Matsa, 2011
Experimental — accuracy not yet measured
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
Theory of the firm: Managerial behavior, agency costs and ownership structure
Jensen, M. C., & Meckling, W. H. (1976) · Journal of Financial Economics · doi:10.1016/0304-405x(76)90026-x · Cited by 71,491
Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
Jensen, M. C. (1986) · Cited by 17,275
Agency costs of free cash flow, corporate finance, and takeovers
Jensen, M. C. (1996) · Cambridge University Press eBooks · doi:10.1017/cbo9780511609435.005 · Cited by 9,326
Large Shareholders and Corporate Control
Shleifer, A., & Vishny, R. W. (1986) · Journal of Political Economy · doi:10.1086/261385 · Cited by 8,408
Moral Hazard and Observability
Holmstrom, B. R. (1979) · The Bell Journal of Economics · doi:10.2307/3003320 · Cited by 8,159
Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?
Kaplan, S. N., & Zingales, L. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555163 · Cited by 6,662
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
Fama, E., & French, K. (1997) · Journal of Financial Economics · doi:10.1016/s0304-405x(96)00896-3 · Cited by 5,776
Financing Constraints and Corporate Investment
Fazzari, S. M., Hubbard, R. G., Petersen, B. C., Blinder, A. S., & Poterba, J. M. (1988) · Brookings Papers on Economic Activity · doi:10.2307/2534426 · Cited by 5,574
(1997) · RePEc: Research Papers in Economics · Cited by 4,621
Research works printed but not linked: 6
- Grossman SJ Hart OD . Corporate Financial Structure and Managerial Incentives. In: McCall J , editor. The Economics of Information and Uncertainty. Chicago: University of Chicago Press; 1982. p. 107-40.
- LeRoy, 1989, Workers' Compensation in Bankruptcy: How Do the Parties Fare?, Tort & Insurance Law Journal, 24, 593
- 10.2307/2729691 · DOI
- Moody's Investors Service. Default and Recovery Rates of Corporate Bond Issuers: A Statistical Review of Moody's Ratings Performance 1970–2001 2002.
- Peirce, 1988, Workers' Compensation and Occupational Disease: A Return to Original Intent, Oregon Law Review, 67, 649
- Treece, 1983, A Parent Corporation's Liability for the Torts of Its Subsidiary in the Context of the Exclusive Remedy Provision of the Workers' Compensation Laws, Insurance Counsel Journal, 50, 609
Cited by
Sorted by citations
Items 301–400 of 689
Kessler, J. B., & Roth, A. E. (2025) · American Economic Journal Economic Policy · doi:10.1257/pol.20220760 · Cited by 4
U.S. Tax Arbitrage by Foreign Multinational Firms and its Real EffectsPreprint
Albertus, J. F. (2015) · SSRN Electronic Journal · doi:10.2139/ssrn.2691065 · Cited by 4
The Boundaries of Law: Can US Private Enforcement Discipline Foreign Firms?Preprint
Massa, M., Wang, X., Zhang, B., & Zhang, H. (2020) · SSRN Electronic Journal · doi:10.2139/ssrn.3555774 · Cited by 4
Banking Market Development and Spillovers to Stock Market LiquidityPreprint
Gallimberti, C. M., Lambert, R. A., & Xiao, J. J. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3788549 · Cited by 4
Unrelated AcquisitionsPreprint
Aggarwal, R. K., & Baxamusa, M. H. (2012) · SSRN Electronic Journal · doi:10.2139/ssrn.2023578 · Cited by 4
The Information Content from Lending Relationships Across the Supply ChainPreprint
Martins, T., Schiozer, R., & Linardi, F. D. M. (2023) · Social Science Research Network · doi:10.2139/ssrn.4160187 · Cited by 11
The Two Sides of Discretion: Assessing Efficiency and Quality in Government PurchasesPreprint
Fazio, D. M. (2022) · SSRN Electronic Journal · doi:10.2139/ssrn.4212969 · Cited by 4
Cheng, J., Guo, J., Ng, J., & Rusticus, T. O. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4771738 · Cited by 4
Do Carbon Markets Undermine Private Climate Initiatives?Preprint
Akey, P., Appel, I. R., Bellon, A., & Klausmann, J. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4938460 · Cited by 4
Chen, S., Ma, H., Tao, X., & Wang, H. (. (2025) · Accounting and Business Research · doi:10.1080/00014788.2025.2510287 · Cited by 3
Blockchains for environmental monitoring: theory and empirical evidence from China
Cong, L. W., Qu, Y., & Wang, G. (2025) · European Finance Review · doi:10.1093/rof/rfaf033 · Cited by 3
Fiscal monitoring policy and corporate carbon emissions in U.S firms
Ahmed, M. S., Bouri, E. I., Mertzanis, C., & Helmi, M. H. (2025) · Journal of Environmental Management · doi:10.1016/j.jenvman.2025.127771 · Cited by 3
The Road Toward Sustainable Development: Environmental, Social, and Governance and Firm Performance
Wang, Q., Shi, J., Pan, Y., Huang, Y., & Zhang, B. (2025) · International Review of Environmental and Resource Economics · doi:10.1561/101.00000177 · Cited by 3
LIU, T., & Zhao, W. (2025) · Systems · doi:10.3390/systems14010018 · Cited by 3
Extreme weather events and payment timeliness in supply chains: Evidence from Hurricane Katrina
Dang, V. A., Gao, N., & Lin, H. (2026) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2026.102964 · Cited by 3
The Coverage of Investor-paid Rating Agency and Audit Pricing
Xu, Y., Hao, R., Gu, Q., & Wang, K. (2022) · Emerging Markets Finance and Trade · doi:10.1080/1540496x.2022.2050904 · Cited by 3
Is there a tradeoff between management earnings forecasts and sustainability reporting?
Tuo, L., Rezaee, Z., & Gao, L. (2023) · Global Finance Journal · doi:10.1016/j.gfj.2023.100908 · Cited by 3
Common ownership and corporate innovation strategy
Chen, X., Guha, S., & Simu, T. H. (2024) · Corporate Ownership and Control · doi:10.22495/cocv21i1art8 · Cited by 3
The effect of city reputation on Chinese corporate risk-taking
Li, S., & Jiang, H. (2024) · Scientific Reports · doi:10.1038/s41598-024-58922-x · Cited by 3
Product Market Competition and Convertible Debt Financing
Lei, C., Lyandres, E., Veld, C., & Xia, Y. (2024) · The Review of Corporate Finance Studies · doi:10.1093/rcfs/cfae020 · Cited by 3
The boundaries of the law: can US private enforcement discipline foreign firms?
Massa, M., Wang, X., Zhang, B., & Zhang, H. (2024) · Journal of International Business Studies · doi:10.1057/s41267-024-00746-y · Cited by 3
Stakeholder Orientation, Product Market Competition, and the Cost of Equity
Chen, Z., Shen, S., & Zou, H. (2025) · The Review of Corporate Finance Studies · doi:10.1093/rcfs/cfaf005 · Cited by 3
Corporate mergers and acquisitions under lender scrutiny
Qiu, B., & Wang, T. (2025) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2025.102812 · Cited by 3
Spillover effects of cross-border bank acquisitions on systemic risk
Sedunov, J., & Taboada, A. G. (2026) · Journal of International Business Studies · doi:10.1057/s41267-026-00861-y · Cited by 3
The impact of shareholder litigation risk on income smoothing
Li, Y., Song, W., Sun, T., & Zhang, Q. (2023) · Review of Quantitative Finance and Accounting · doi:10.1007/s11156-023-01193-w · Cited by 3
Does Energy Substitution Policy Affect Firm Innovation? Evidence from China
Li, S., & Zhang, Y. (2024) · Emerging Markets Finance and Trade · doi:10.1080/1540496x.2024.2311727 · Cited by 3
Causality in Empirical Analyses with Emphasis on Asymmetric Information and Risk Management
Dionne, G. (2024) · Springer eBooks · doi:10.1007/978-3-031-69561-2_13 · Cited by 3
QE, Bank Liquidity Risk Management, and Non-Bank Funding: Evidence from U.S. Administrative Data
Darst, R. M., Kokas, S., Kontonikas, A., Peydró, J., & Vardoulakis, A. (2025) · Finance and Economics Discussion Series · doi:10.17016/feds.2025.030 · Cited by 3
Inalienable Human Capital and Inevitable Corporate Payouts
Cai, S., John, K., Ni, X., & Zhang, C. (2025) · Financial Management · doi:10.1111/fima.70007 · Cited by 3
Collateral Damage: Low-Income Borrowers Depend on Income-Based Lending
Garmaise, M. J., Jansen, M., & Winegar, A. (2025) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109025102433 · Cited by 3
Chen, Y., Li, X., Thakor, R. T., & Ward, C. (2025) · Journal of Financial Economics · doi:10.1016/j.jfineco.2025.104207 · Cited by 3
Association of Unexpected Newborn Deaths With Changes in Obstetric and Neonatal Process of Care
Han, D., Khadka, A., McConnell, M. A., & Cohen, J. L. (2020) · JAMA Network Open · doi:10.1001/jamanetworkopen.2020.24589 · Cited by 3
Why Do Distressed Firms Acquire?Preprint
Zhang, Q. (2016) · SSRN Electronic Journal · doi:10.2139/ssrn.2786721 · Cited by 3
Watching TVs Left and Right: Partisanship in Media and Corporate Risk-TakingPreprint
Knill, A. M., Liu, B., & McConnell, J. J. (2018) · SSRN Electronic Journal · doi:10.2139/ssrn.3191197 · Cited by 3
Predatory Advertising, Financial Fraud, and LeveragePreprint
Banerjee, S., Dasgupta, S., Shi, R., & Yan, J. (2019) · SSRN Electronic Journal · doi:10.2139/ssrn.3488979 · Cited by 3
Mutual Funds' Fire Sales and the Real Economy: Evidence from HurricanesPreprint
Tubaldi, R. (2020) · SSRN Electronic Journal · doi:10.2139/ssrn.3710938 · Cited by 3
Raising the Stakes: How Individual Taxes Affect Risk-Taking by Pass-Through BusinessesPreprint
Ferguson, V., Krupa, T. J., & Laux, R. C. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3793969 · Cited by 3
Banking Networks and Economic Growth: From Idiosyncratic Shocks to Aggregate FluctuationsPreprint
Kundu, S., & Vats, N. (2020) · SSRN Electronic Journal · doi:10.2139/ssrn.3556299 · Cited by 3
Private Equity and Financial Adviser MisconductPreprint
Sheen, A., Wu, Y., & Yuan, Y. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3986875 · Cited by 3
Pollution Risk and Business ActivityPreprint
Tian, G. Z., Venugopal, B. G., & Yerramilli, V. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4482436 · Cited by 3
Skin in the Game: Risk of Environmental Pollution and Executive Compensation IncentivesPreprint
Tian, G. Z. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4410042 · Cited by 3
Capital Market Incentives and Corporate Gender DiversityPreprint
Mehrotra, V., Roth, L., Tsujimoto, Y., & Wiwattanakantang, Y. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4800375 · Cited by 3
Lu, S., Serafeim, G., & Xu, S. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.5018769 · Cited by 3
The Changing Landscape of Corporate Governance Disclosure: Impact on Shareholder VotingPreprint
Becher, D. A., Lowry, M. B., & Wilson, J. I. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4425950 · Cited by 3
The Rise of Anti-Activist Poison PillsPreprint
Eldar, O., Kirmse, T., & Wittry, M. D. (2022) · SSRN Electronic Journal · doi:10.2139/ssrn.4198367 · Cited by 3
The Employment Non‐Discrimination Act and Board Gender Diversity
Chen, X., Liu, J., & Torsin, W. (2025) · British Journal of Management · doi:10.1111/1467-8551.12922 · Cited by 2
Real effect of anticorruption on acquisition premium: Evidence from China
Liu, X., & Pan, A. (2024) · Economics and Politics · doi:10.1111/ecpo.12285 · Cited by 2
Income Shifting out of the United States by Foreign Multinational Firms
Albertus, J. F. (2025) · Review of Financial Studies · doi:10.1093/rfs/hhaf021 · Cited by 2
Chemmanur, T. J., Imerman, M. B., Rajaiya, H., & Yu, Q. (2025) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109025102366 · Cited by 2
Punish One, Teach a Hundred: The Sobering Effect of Peer Punishment on the Unpunished
D’Acunto, F., Weber, M., & Xie, J. (2025) · Management Science · doi:10.1287/mnsc.2023.03309 · Cited by 2
Board Gender Diversity and Supply Chain Risk Management
Aral, K. D., Giambona, E., Ricardo Lopez, A., & Wang, Y. (2025) · Production and Operations Management · doi:10.1177/10591478251412030 · Cited by 2
Hu, N., Lu, Y., & Xu, L. (2026) · Energy Economics · doi:10.1016/j.eneco.2026.109212 · Cited by 2
Cyberattacks on Small Banks and the Impact on Local Banking Markets
GOGOLIN, F., LIM, I., & VALLASCAS, F. (2026) · Journal of money credit and banking · doi:10.1111/jmcb.70043 · Cited by 2
Spillovers in State Capacity Building: Evidence from the Digitization of Land Records in Pakistan
Aman-Rana, S., & Minaudier, C. (2026) · American Economic Review · doi:10.1257/aer.20240880 · Cited by 2
Chatjuthamard, P., Kijkasiwat, P., & Jiraporn, P. (2022) · PLoS ONE · doi:10.1371/journal.pone.0272792 · Cited by 2
Shareholder Litigation Rights and Bank Dividends
Luu, H. N., Nguyen, T.-A., Nguyen, D. T. T., Nguyen, L. T. M., & Johari, E. E. C. (2023) · Journal of Financial Services Research · doi:10.1007/s10693-023-00397-4 · Cited by 2
Pengaruh Plasticine Art Therapy Terhadap Kemampuan Regulasi Emosi Anak Usia 5-6 Tahun
Purwati, N. N. M., Ardini, P. P., & Juniarti, Y. (2023) · Student Journal of Early Childhood Education · doi:10.37411/sjece.v3i2.2533 · Cited by 2
Risk aversion with nothing to lose
Pegoraro, S. (2024) · Journal of Economic Theory · doi:10.1016/j.jet.2024.105902 · Cited by 2
Chen, S. X., Cao, Z., & Zheng, X. (2025) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2025.107559 · Cited by 2
Leverage Made at Home: Investors' Margin Loan Usage and Firm Leverage
Liu, C., & Niu, Z. (2022) · Emerging Markets Review · doi:10.1016/j.ememar.2023.101010 · Cited by 2
Nickerson, J., & Solomon, D. H. (2024) · The Journal of Law and Economics · doi:10.1086/731812 · Cited by 2
A Farewell to Loyalty, a Farewell to Care? Evidence from Takeover Targets
Li, D., & Ni, X. (2026) · Journal of Business Ethics · doi:10.1007/s10551-025-06238-9 · Cited by 2
Who Is Afraid of BlackRock?Preprint
Massa, M., Schumacher, D., & Wang, Y. (2015) · SSRN Electronic Journal · doi:10.2139/ssrn.2641078 · Cited by 2
Do Concealed Gun Permits Deter Crime? New Results from a Dynamic ModelPreprint
McElroy, M. B., & Wang, P. (2014) · SSRN Electronic Journal · doi:10.2139/ssrn.2469534 · Cited by 2
Covenants, Creditorss Simultaneous Equity Holdings, and Firm Investment PoliciesPreprint
Chava, S., Wang, R., & Zou, H. (2013) · SSRN Electronic Journal · doi:10.2139/ssrn.2372296 · Cited by 2
Spillover Effects of Banks’ Liquidity Risk ControlPreprint
Gam, Y. K. (2016) · SSRN Electronic Journal · doi:10.2139/ssrn.2866645 · Cited by 2
Up the Capital Ladder: The Role of Labor Mobility in the Mutual Fund IndustryPreprint
Bonelli, M. (2019) · SSRN Electronic Journal · doi:10.2139/ssrn.3485568 · Cited by 2
The Role of Assets In Place: Loss of Market Exclusivity and Investment
Higgins, M. J., Kronlund, M., Park, J. M., & Pollet, J. M. (2020) · National Bureau of Economic Research · doi:10.3386/w27588 · Cited by 2
Gao, H., Hsu, P., & Zhang, J. (2020) · SSRN Electronic Journal · doi:10.2139/ssrn.3632849 · Cited by 2
The Effects of Technological Disruption on Suppliers and Customers: Evidence from Blockchain LawsPreprint
Chen, M. A., Hu, S., Wang, J., & Wu, Q. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3915895 · Cited by 2
The Unintended Consequences of Adopting Universal Demand Laws on Employee SafetyPreprint
Zhang, R. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3880519 · Cited by 2
Inalienable Human Capital and Debt ChoicePreprint
Boubaker, S., Ni, X., & Yin, D. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3897481 · Cited by 2
Corporate Discrimination, Competition, and Shareholder WealthPreprint
Dougal, C., Griffin, T. P., & Hutton, I. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3967456 · Cited by 2
Do State Antitakeover Provisions Matter?Preprint
Baker, A. C. (2022) · Social Science Research Network · doi:10.2139/ssrn.3998607 · Cited by 2
Effect of Black Electoral Victories on Racial Bias and Economic GapsPreprint
Sakong, J. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4527234 · Cited by 2
Asset market liquidity, strategic complementarity, and bond fund flowsPreprint
Hu, X., Lee, J. H., & Venkatesan, S. S. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4548682 · Cited by 2
Building Corporate Resilience to Supply Chain DisruptionsPreprint
Sanz, L. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4635488 · Cited by 2
The Politicization of Social ResponsibilityPreprint
Gormley, T. A., Jha, M., & Wang, M. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4558097 · Cited by 2
Self-citationCross-Border Regulatory Cooperation and Firm Cross-Listing DecisionsPreprint
Chen, X., Chen, Y., PITTMAN, J. A., & Yang, B. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4645452 · Cited by 2
Blended Finance and Female EntrepreneurshipPreprint
Aydin, H. M., Bircan, Ç., & Haas, R. D. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4680597 · Cited by 2
Forming Banking Relationships: The Role of Hiring BankersPreprint
Kalda, A., & Neshat, N. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4713812 · Cited by 2
Pay Transparency and Financial LeveragePreprint
Leung, W. S., Sila, V., & Tian, X. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4785385 · Cited by 2
Cumming, D. J., Javakhadze, D., & Suleymanov, M. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4809238 · Cited by 2
The Real Cost of Benchmarking *Preprint
Kontz, C., & Hanson, S. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4884602 · Cited by 2
The (going) public option: Equity market financing in the hospital industryPreprint
Aghamolla, C., Jain, J., & Thakor, R. T. (2025) · SSRN Electronic Journal · doi:10.2139/ssrn.5177973 · Cited by 2
Diversity, Interrupted? Diversity Hushing and Political PressurePreprint
Bhattarai, N., Lee, L. C., & Masaya, T. (2025) · SSRN Electronic Journal · doi:10.2139/ssrn.5525559 · Cited by 2
Does Limited Liability Matter? Evidence from a Quasi-Natural ExperimentPreprint
Koskinen, Y. J., Nguyen, N., & Pandes, J. A. (2020) · SSRN Electronic Journal · doi:10.2139/ssrn.3554101 · Cited by 2
Non-Compete Agreements and the Market for Corporate ControlPreprint
Golubov, A., & Zhong, Y. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4763837 · Cited by 2
Core Abilities and DivestituresPreprint
Berchtold, D. S., Loderer, C. F., & Waelchli, U. (2014) · SSRN Electronic Journal · doi:10.2139/ssrn.2516843 · Cited by 2
Managerial litigation risk and auditor choice
Li, L., Monroe, G. S., & Coulton, J. (2023) · International Journal of Auditing · doi:10.1111/ijau.12322 · Cited by 1
Debt-Fueled Acquisitions by Non-Financial Firms Employing Bank-Associated Officers in Poland
Osiichuk, D., & Mielcarz, P. (2023) · Eastern European Economics · doi:10.1080/00128775.2023.2176321 · Cited by 1
The effects of bank mergers on listed U.S. borrowers
Ji, S., Mauer, D. C., & Zhang, Y. (2024) · The Journal of Financial Research · doi:10.1111/jfir.12442 · Cited by 1
Global convergence of financial reporting and resilience to fiscal spillover shocks
Zhong, R. (2025) · Journal of International Financial Markets Institutions and Money · doi:10.1016/j.intfin.2024.102110 · Cited by 1
Ni, X., Xu, J. K., & Yin, D. (2025) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2025.107442 · Cited by 1
Luo, Z., Li, J., Gan, Y., Li, C., & Cao, S. (2025) · Sustainability · doi:10.3390/su17083408 · Cited by 1
Downside risk similarity and M&As
Chen, L., Huang, A., Wang, X., & Xu, L. (2025) · Contemporary Accounting Research · doi:10.1111/1911-3846.70007 · Cited by 1
Ethnic Diversity and Corporate Interstate Investments
Mao, Y., Wang, Z., & Zou, H. (2025) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109025102202 · Cited by 1
Expected loss recognition and banks’ management forecasts
Aaron, A., Kim, J.-B., Wang, C., & Wu, F. (2025) · Journal of Accounting and Public Policy · doi:10.1016/j.jaccpubpol.2025.107369 · Cited by 1
Judicial independence and corporate tax avoidance
Li, S., Niu, G., Wang, Q., & Wen, S. (2025) · European Journal of Finance · doi:10.1080/1351847x.2025.2598226 · Cited by 1
Divine Policy: The Impact of Religion in Government
Bentzen, J., Pizzigolotto, A., & Sperling, L. L. (2025) · American Economic Journal Applied Economics · doi:10.1257/app.20240018 · Cited by 1
Metadata
- Authors
- Gormley, T. A., & Matsa, D. A.
- Affiliations
- Washington University in St. Louis (US)
- Northwestern University (US)
- ORCID
- Gormley, Todd A.
- Venue
- Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2011-04-11
- Volume
- 24
- Issue
- 8
- Pages
- 2781-2821
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W2137816507
- Cited by
- 690
- References
- 75
- Citations by year
- 2026: 90 · 2025: 136 · 2024: 113 · 2023: 70 · 2022: 56 · 2021: 59 · 2020: 39 · 2019: 21 · 2018: 27 · 2017: 24 · 2016: 19 · 2015: 10 · 2014: 7 · 2013: 13 · 2012: 4
- FWCI
- 28.37
- Type
- journal article
- Language
- en
- Open access
- green
- repository.upenn.edu
- Locations
- Review of Financial Studies (publishedVersion)
- ScholarlyCommons (University of Pennsylvania) (submittedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
- Social Sciences › Business, Management and Accounting › Accounting › Auditing, Earnings Management, Governance
- Social Sciences › Business, Management and Accounting › Accounting › Risk Management in Financial Firms
- Keywords
- liability risk, carcinogens, business diversification, unrelated acquisitions, corporate governance, institutional ownership, operating cash flow, balance sheet strength, adverse shocks
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.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
