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Most cited papers from American Finance Association

What are the most cited papers from American Finance Association?

The most cited paper from American Finance Association is "Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?*" (Ulrike Malmendier, Stefan Nagel, 2011), with 2,588 citations. Next come "Corporate Governance and Acquirer Returns" (1,879) and "Asset Growth and the Cross‐Section of Stock Returns" (1,607).

Showing 50 of 60 papers. Every paper is listed.

Most cited papers, sortable by citations and release date
#Paper
1 Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?* Ulrike Malmendier, Stefan Nagel · The Quarterly Journal of Economics Open access Feb 2011 2,588
2 Corporate Governance and Acquirer Returns Ronald W. Masulis, Cong Wang, Fei Xie · The Journal of Finance Open access Aug 2007 1,879
3 Asset Growth and the Cross‐Section of Stock Returns Michael J. Cooper, Huseyin Gulen, Michael J. Schill · The Journal of Finance 19 Jul 2008 1,607
4 Liquidity and Market Structure Sanford J. Grossman, Merton H. Miller · The Journal of Finance Jul 1988 1,581
5 The World Price of Covariance Risk Campbell R. Harvey · The Journal of Finance Open access Mar 1991 1,079
6 Are foreign investors locusts? The long-term effects of foreign institutional ownership Jan Bena, Miguel A. M. M. Ferreira, Pedro P. Matos et al. · Journal of Financial Economics Open access 19 Jul 2017 723
7 A Unified Theory of Tobin's q , Corporate Investment, Financing, and Risk Management Patrick G M Bolton, Hui Chen, Neng Wang · The Journal of Finance Open access 21 Sep 2011 715
8 Trading Volume and Cross‐Autocorrelations in Stock Returns Tarun Chordia, Bhaskaran Swaminathan · The Journal of Finance Open access Apr 2000 667
9 Stock Market Declines and Liquidity Allaudeen Hameed, Wenjin Kang, Siva Viswanathan · The Journal of Finance 13 Jan 2010 657
10 THE MARKET'S PROBLEMS WITH THE PRICING OF INITIAL PUBLIC OFFERINGS Roger G. Ibbotson, Jody L. Sindelar, Jay R. Ritter · Journal of applied corporate finance Mar 1994 507
11 Understanding Bank Runs: The Importance of Depositor-Bank Relationships and Networks Rajkamal Iyer, Manju Puri · American Economic Review Jun 2012 483
12 Tiebreaker: Certification and Multiple Credit Ratings Dion Bongaerts, Martijn Cremers, William Nelson Goetzmann · The Journal of Finance Open access 17 Jan 2012 357
13 Do Hot Hands Exist among Hedge Fund Managers? An Empirical Evaluation Ravi Jagannathan, Alexey Malakhov, Dmitry A. Novikov · The Journal of Finance 13 Jan 2010 334
14 Collateralization, Bank Loan Rates, and Monitoring Geraldo Cerqueiro, Steven R. G. Ongena, Kasper F. Roszbach · The Journal of Finance Open access 17 Sep 2014 304
15 Information Uncertainty and Post‐Earnings‐Announcement‐Drift Jennifer Francis, Ryan LaFond, Per Mikael Olsson et al. · Journal of Business Finance &amp Accounting Open access Apr 2007 244
16 Is Fraud Contagious? Coworker Influence on Misconduct by Financial Advisors Stephen G. Dimmock, William Christopher Gerken, Nathaniel Graham · The Journal of Finance Open access 3 Feb 2018 235
17 Are Firms Successful at Selective Hedging?* Gregory W. Brown, Peter R. Crabb, David Haushalter · The Journal of Business Nov 2006 203
18 Learning from Coworkers: Peer Effects on Individual Investment Decisions Paige Ouimet, Geoffrey A. Tate · The Journal of Finance Open access Jul 2019 197
19 Did Structured Credit Fuel the LBO Boom? Anil Shivdasani, Yihui Wang · The Journal of Finance Open access 19 Jul 2011 195
20 Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading Andrew Ellul, Chotibhak Jotikasthira, CHRISTIAN T. LUNDBLAD et al. · The Journal of Finance 4 Sep 2015 185
21 The Price Is (Almost) Right Randolph B. Cohen, Christopher Polk, Tuomo Vuolteenaho · The Journal of Finance 25 Nov 2009 160
22 CEO Compensation, Change, and Corporate Strategy James Dow, Clara C. Raposo · The Journal of Finance Open access 10 Nov 2005 146
23 Dynamic Asset Allocation and the Informational Efficiency of Markets Sanford J. Grossman · The Journal of Finance Jul 1995 109
24 Predictable Investment Horizons and Wealth Transfers among Mutual Fund Shareholders Woodrow T. Johnson · The Journal of Finance 2 Sep 2004 98
25 Incentives and Endogenous Risk Taking: A Structural View on Hedge Fund Alphas Andrea Buraschi, Robert L. Kosowski, Worrawat Sritrakul · The Journal of Finance 8 Apr 2014 79
26 Combining Banking with Private Equity Investing Lily H. Fang, Victoria Ivashina, Josh Lerner · Review of Financial Studies 7 Jun 2013 69
27 Preventing Economists’ Capture Luigi Zingales · Cambridge University Press eBooks Book chapter 21 Oct 2013 56
28 Rewarding Trading Skills Without Inducing Gambling Igor Makarov, Guillaume Plantin · SSRN Electronic Journal PreprintOpen access 2010 48
29 Barriers and facilitators to ED physician use of the test and treatment for BPPV Kevin A. Kerber, Jane H. Forman, Laura J. Damschroder et al. · Neurology Clinical Practice Open access Jun 2017 47
30 Do Municipal Bond Dealers Give Their Customers “Fair and Reasonable” Pricing? John M. Griffin, NICHOLAS HIRSCHEY, Samuel A. Kruger · The Journal of Finance Open access 8 Feb 2023 45
31 Information Cascades and Threshold Implementation: Theory and an Application to Crowdfunding Lin William Cong, Yizhou Xiao · The Journal of Finance 6 Nov 2023 40
32 Words Speak Louder without Actions Doron Levit · The Journal of Finance Open access 12 Jul 2019 28
33 Firm Value and the Choice of Offering Method in Initial Public Offerings Nancy L. Bower · The Journal of Finance Jul 1989 22
34 The AVMA's definitions of antimicrobial uses for prevention, control, and treatment of disease David R. Smith, Patricia S. Gaunt, Paul Joseph Plummer et al. · Journal of the American Veterinary Medical Association 19 Mar 2019 19
35 A Dynamic Model of Characteristic‐Based Return Predictability Aydoğan Altı, Sheridan D. Titman · The Journal of Finance 9 Aug 2019 17
36 The Booms and Busts of Beta Arbitrage Shiyang Huang, Xin Liu, Dong Lou et al. · Management Science Open access 26 Sep 2023 15
37 ACR Appropriateness Criteria® Dizziness and Ataxia: 2023 Update Lily Wang, Trevor A. Thompson, Robert Shih et al. · Journal of the American College of Radiology 30 May 2024 14
38 Growth Options and Credit Risk Andrea Gamba, Alessio Saretto · Management Science 13 May 2020 13
39 THE STATE OF THE FINANCE FIELD* J. Fred Weston · The Journal of Finance Dec 1967 13
40 Foreign Ties That Bind: Cross-Border Firm Expansions and Fund Portfolio Allocation Around the World Fariborz Moshirian, Peter K. Pham, Shu Tian et al. · Journal of Financial and Quantitative Analysis Open access 8 Sep 2022 10
41 THE ECONOMIC AND FINANCE LITERATURE AND DECISION MAKING Sherman J. Maisel · The Journal of Finance May 1974 10
42 New Policing Role for Pharmacists Undermines Partnership with Prescribers Lynn R. Webster · Pain Medicine Open access Nov 2013 8
43 ACR Appropriateness Criteria® Staging and Follow-up of Anal Cancer Natally de Souza Maciel Rocha Horvat, Peter S. Liu, Kathryn Jane Fowler et al. · Journal of the American College of Radiology May 2025 7
44 ACR Appropriateness Criteria® Screening for Abdominal Aortic Aneurysm Yoo Jin Lee, Ayaz Aghayev, Ezana Azene et al. · Journal of the American College of Radiology 30 May 2024 7
45 THE STATE OF THE FINANCE FIELD: COMMENT Harry C. Sauvain · The Journal of Finance Dec 1967 7
46 Incentive Effects from Write-down CoCo Bonds: An Empirical Analysis Jannic Alexander Cutura, Henning Hesse · Journal of Financial Regulation 29 Mar 2022 6
47 Regime-dependent volatility spillover asymmetry in Shanghai and Hong Kong stock markets with forecasting and portfolio inferences Wensheng Lin, Xuewu Wang · Economic Modelling Open access 19 Aug 2025 4
48 MULTI‐NATIONAL BANKS AND THE MANAGEMENT OF MONETARY POLICY IN THE UNITED STATES Andrew Felton Brimmer · The Journal of Finance May 1973 4
49 The Limits of Financial Globalization René M. Stulz · Journal of applied corporate finance Mar 2022 3
50 Fifty Years of the American Finance Association Michael Keenan · The Journal of Finance Jul 1991 3

Citations are OpenAlex's own counts, from its 2026-09-23 snapshot, so the ranking can differ from Google Scholar or Web of Science. A paper is listed for an institution when any of its authors gave it as an affiliation; retracted papers and papers whose citation count cannot be traced to citing works are left out, and a preprint and the article it became are shown once. Release dates are OpenAlex's: where a source gave only a month or a year, that is what is shown. How the lists are chosen.