Jess Cornaggia

Color portrait of Jess Cornaggia

Associate Professor of Finance

Office Address 311 Business Building
Phone Number 814-863-2390
Email Address jnc29@psu.edu

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Education

Ph D, University of Texas at Dallas, 2009

Courses Taught

FIN 407 – Mult Fin Mgmt (3)
Analysis of the international aspects of managerial finance; emphasis on the impact of the international financial environment on firm operations.

Selected Publications

Cornaggia J., Cornaggia K., Israelsen R., "Credit Ratings and the Cost of Municipal Financing." Review of Financial Studies, vol. 31, no. 6, 2018, pp. 2038-2079.
Cornaggia J., Butler A., Gurun U., "Do Local Capital Market Conditions Affect Consumers' Borrowing Decisions?." Management Science, vol. 63, no. 12, 2017, pp. 4175-4187.
Cornaggia J., Li J., "The Value of Access to Finance: Evidence from M&A." Journal of Financial Economics, 2017, pp. 56.
Cornaggia J., Cornaggia K., Hund J., "Credit Ratings across Asset Classes: A Long-Term Perspective." Review of Finance, vol. 21, no. 2, 2017, pp. 465-509.
Cornaggia J., Cornaggia K., Bruno V., "Does Regulatory Certification Affect the Information Content of Credit Ratings?." Management Science, vol. 62, no. 6, 2016, pp. 1578-1597.
Cornaggia J., Cornaggia K., Xia H., "Revolving Doors on Wall Street." Journal of Financial Economics, vol. 120, no. 2, 2016, pp. 400-419.
Cornaggia J., Mao Y., Wolfe B., Tian X., "Does Banking Competition Affect Innovation?." Journal of Financial Economics, vol. 115, no. 1, 2015, pp. 189-209.
Cornaggia J., "Does Risk Management Matter? Evidence from the U.S. Agricultural Industry." Journal of Financial Economics, vol. 109, no. 2, 2013, pp. 419-440.
Cornaggia J., Cornaggia K., "Estimating the Costs of Issuer-Paid Credit Ratings." Review of Financial Studies, vol. 26, no. 9, 2013, pp. 2229-2269.
Cornaggia J., Butler A., Grullon G., Weston J., "Corporate Financing Decisions, Managerial Market Timing, and Real Investment." Journal of Financial Economics, vol. 101, no. 3, 2011, pp. 666-683.
Cornaggia J., Butler A., "Does Access to External Finance Improve Productivity? Evidence from a Natural Experiment." Journal of Financial Economics, vol. 99, no. 1, 2011, pp. 184-203.

Research Impact and Media Mentions

"Editor's Blog", Review of Finance, Journal or Magazine
"Lure of Wall Street Cash Said to Skew Credit Ratings", Bloomberg, Web

Editorships

Journal of Banking and Finance, Associate Editor, (https://www.journals.elsevier.com/journal-of-banking-and-finance/editorial-board), June 2016 - Present
Management Science, Associate Editor, (http://pubsonline.informs.org/page/mnsc/editorial-board), January 2016 - Present