We analyze whether citing practices in finance are driven by scientific merit or whether they are systematically biased due to strategic considerations. The discontinuation of the Journal of Business (JB) in 2006 for extraneous reasons serves as the exogenous shock for analyzing strategic citing...

We report reduced market response to Friday announcements of dividend changes, seasoned equity offerings, open-market share repurchases, earnings, and mergers, which is seemingly consistent with the notion of investor inattention on Fridays. However, we show that these findings are an outcome of...