Sandy Klasa

4.1k total citations · 3 hit papers
33 papers, 2.8k citations indexed

About

Sandy Klasa is a scholar working on Accounting, Strategy and Management and Finance. According to data from OpenAlex, Sandy Klasa has authored 33 papers receiving a total of 2.8k indexed citations (citations by other indexed papers that have themselves been cited), including 29 papers in Accounting, 11 papers in Strategy and Management and 11 papers in Finance. Recurrent topics in Sandy Klasa's work include Corporate Finance and Governance (26 papers), Auditing, Earnings Management, Governance (14 papers) and Financial Reporting and Valuation Research (10 papers). Sandy Klasa is often cited by papers focused on Corporate Finance and Governance (26 papers), Auditing, Earnings Management, Governance (14 papers) and Financial Reporting and Valuation Research (10 papers). Sandy Klasa collaborates with scholars based in United States, Canada and Hong Kong. Sandy Klasa's co-authors include P. Eric Yeung, Ashiq Ali, William F. Maxwell, Jarrad Harford, Hernán Ortiz‐Molina, Kai Wai Hui, Matthew Serfling, Shweta Srinivasan, David Haushalter and Oliver Zhen Li and has published in prestigious journals such as The Journal of Finance, Journal of Financial Economics and Management Science.

In The Last Decade

Sandy Klasa

32 papers receiving 2.7k citations

Hit Papers

Refinancing Risk and Cash Holdings 2013 2026 2017 2021 2013 2014 2018 100 200 300 400
What are hit papers?

Hit papers significantly outperform the citation benchmark for their cohort. A paper qualifies if it has ≥500 total citations, achieves ≥1.5× the top-1% citation threshold for papers in the same subfield and year (this is the minimum needed to enter the top 1%, not the average within it), or reaches the top citation threshold in at least one of its specific research topics.

  1. Refinancing Risk and Cash Holdings
    2013 453 citations Jarrad Harford, Sandy Klasa et al. profile →
  2. Industry concentration and corporate disclosure policy
    2014 294 citations Ashiq Ali, Sandy Klasa et al. Journal of Accounting and Economics profile →
  3. Protection of trade secrets and capital structure decisions
    2018 245 citations Sandy Klasa, Hernán Ortiz‐Molina et al. Journal of Financial Economics profile →

Peers — A (Enhanced Table)

Peers by citation overlap · career bar shows stage (early→late) cites · hero ref

Name h Career Trend Papers Cites
Sandy Klasa United States 18 2.4k 1.0k 811 807 134 33 2.8k
Charles J. Hadlock United States 25 2.8k 1.2× 1.3k 1.3× 937 1.2× 1.1k 1.3× 135 1.0× 52 3.4k
C. Edward Fee United States 19 2.5k 1.0× 862 0.9× 904 1.1× 923 1.1× 214 1.6× 39 3.0k
Lubomir P. Litov United States 20 2.4k 1.0× 1.3k 1.3× 759 0.9× 823 1.0× 72 0.5× 53 2.9k
Isil Erel United States 19 1.7k 0.7× 987 1.0× 614 0.8× 723 0.9× 135 1.0× 55 2.3k
Shane A. Johnson United States 26 2.2k 0.9× 1.5k 1.5× 876 1.1× 576 0.7× 84 0.6× 54 2.8k
Shawn Thomas United States 20 2.5k 1.1× 1.2k 1.2× 852 1.1× 951 1.2× 217 1.6× 34 3.0k
Todd T. Milbourn United States 21 2.7k 1.1× 1.7k 1.7× 1.1k 1.3× 785 1.0× 119 0.9× 59 3.4k
Sara B. Moeller United States 11 2.6k 1.1× 1.1k 1.1× 931 1.1× 775 1.0× 103 0.8× 16 2.9k
P. Eric Yeung United States 19 1.8k 0.8× 764 0.8× 632 0.8× 538 0.7× 157 1.2× 48 2.1k
Vivian W. Fang United States 15 2.2k 0.9× 1.2k 1.2× 648 0.8× 759 0.9× 74 0.6× 34 2.6k

Countries citing papers authored by Sandy Klasa

Since Specialization
Citations

This map shows the geographic impact of Sandy Klasa's research. It shows the number of citations coming from papers published by authors working in each country. You can also color the map by specialization and compare the number of citations received by Sandy Klasa with the expected number of citations based on a country's size and research output (numbers larger than one mean the country cites Sandy Klasa more than expected).

Fields of papers citing papers by Sandy Klasa

Since Specialization
Physical SciencesHealth SciencesLife SciencesSocial Sciences

This network shows the impact of papers produced by Sandy Klasa. Nodes represent research fields, and links connect fields that are likely to share authors. Colored nodes show fields that tend to cite the papers produced by Sandy Klasa. The network helps show where Sandy Klasa may publish in the future.

Co-authorship network of co-authors of Sandy Klasa

This figure shows the co-authorship network connecting the top 25 collaborators of Sandy Klasa. A scholar is included among the top collaborators of Sandy Klasa based on the total number of citations received by their joint publications. Widths of edges represent the number of papers authors have co-authored together. Node borders signify the number of papers an author published with Sandy Klasa. Sandy Klasa is excluded from the visualization to improve readability, since they are connected to all nodes in the network.

All Works

20 of 20 papers shown
1.
Klasa, Sandy, et al.. (2025). Employee Flight Risk and Capital Structure Decisions *. SSRN Electronic Journal.
2.
Fairhurst, Douglas J., et al.. (2021). What determines the composition of a firm's cash reserves?. Journal of Corporate Finance. 68. 101924–101924. 28 indexed citations
3.
Harford, Jarrad, et al.. (2021). Anticompetitive effects of horizontal acquisitions: The impact of within-industry product similarity. Journal of Financial Economics. 144(2). 645–669. 17 indexed citations
4.
Klasa, Sandy, Hernán Ortiz‐Molina, Matthew Serfling, & Shweta Srinivasan. (2018). Protection of trade secrets and capital structure decisions. Journal of Financial Economics. 128(2). 266–286. 245 indexed citations breakdown →
5.
Cadman, Brian D., John L. Campbell, & Sandy Klasa. (2016). Are Ex Ante CEO Severance Pay Contracts Consistent with Efficient Contracting?. Journal of Financial and Quantitative Analysis. 51(3). 737–769. 30 indexed citations
6.
Fairhurst, Douglas J., et al.. (2014). What Determines the Composition of a Firm's Total Cash Reserves?. SSRN Electronic Journal. 7 indexed citations
7.
Klasa, Sandy, Hernán Ortiz‐Molina, Matthew Serfling, & Shweta Srinivasan. (2014). Protection of Trade Secrets and Capital Structure Decisions. SSRN Electronic Journal. 59 indexed citations
8.
Heitzman, Shane & Sandy Klasa. (2012). Private Information and Stock Prices: Evidence from Nonpublic Merger Negotiations. SSRN Electronic Journal. 8 indexed citations
9.
Heitzman, Shane & Sandy Klasa. (2012). Private information arrival, trading activity, and price formation: Evidence from nonpublic merger negotiations. 4 indexed citations
10.
Cadman, Brian D., John L. Campbell, & Sandy Klasa. (2011). Are Ex-Ante CEO Severance Pay Contracts Consistent with Efficient Contracting?. SSRN Electronic Journal. 15 indexed citations
11.
Hui, Kai Wai, Sandy Klasa, & P. Eric Yeung. (2011). Corporate suppliers and customers and accounting conservatism. Journal of Accounting and Economics. 53(1-2). 115–135. 312 indexed citations
12.
Ali, Ashiq, Sandy Klasa, & P. Eric Yeung. (2010). Industry Concentration and Corporate Disclosure Policy. SSRN Electronic Journal. 12 indexed citations
13.
Klasa, Sandy, William F. Maxwell, & Hernán Ortiz‐Molina. (2009). The strategic use of corporate cash holdings in collective bargaining with labor unions☆. Journal of Financial Economics. 92(3). 421–442. 288 indexed citations
14.
Ali, Ashiq, Sandy Klasa, & P. Eric Yeung. (2008). The Limitations of Industry Concentration Measures Constructed with Compustat Data: Implications for Finance Research. SSRN Electronic Journal. 100 indexed citations
15.
Ali, Ashiq, Sandy Klasa, & Oliver Zhen Li. (2008). Institutional stakeholdings and better-informed traders at earnings announcements. Journal of Accounting and Economics. 46(1). 47–61. 66 indexed citations
16.
Klasa, Sandy & Mike Stegemoller. (2007). Takeover Activity as a Response to Time‐Varying Changes in Investment Opportunity Sets: Evidence from Takeover Sequences. Financial Management. 36(2). 1–25. 7 indexed citations
17.
Klasa, Sandy. (2007). Why Do Controlling Families of Public Firms Sell Their Remaining Ownership Stake?. Journal of Financial and Quantitative Analysis. 42(2). 339–367. 10 indexed citations
18.
Haushalter, David, Sandy Klasa, & William F. Maxwell. (2007). The influence of product market dynamics on a firm's cash holdings and hedging behavior☆. Journal of Financial Economics. 84(3). 797–825. 85 indexed citations
19.
Ali, Ashiq, Sandy Klasa, & P. Eric Yeung. (2005). Industry Concentration, Analysts' Earnings Forecasts, and Bid-Ask Spread. SSRN Electronic Journal. 3 indexed citations
20.
Appelbaum, Steven H., et al.. (1999). Downsizing: an examination of some successes and more failures. Management Decision. 37(5). 424–437. 40 indexed citations

Rankless uses publication and citation data sourced from OpenAlex, an open and comprehensive bibliographic database. While OpenAlex provides broad and valuable coverage of the global research landscape, it—like all bibliographic datasets—has inherent limitations. These include incomplete records, variations in author disambiguation, differences in journal indexing, and delays in data updates. As a result, some metrics and network relationships displayed in Rankless may not fully capture the entirety of a scholar's output or impact.

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