Pacific-Basin Finance Journal

Article	Citations
Banking uncertainty and cash conversion cycle	242
Bank credit to SMEs in Japan: Evidence from normal times, the global financial crisis, and the COVID-19 crisis	166
Managerial successions and family firms' access to trade credit financing: Evidence from China	118
Herd to repurchase	113
An empirical evaluation of the salience-based asset pricing model: Evidence from Australia	112
Restrictive bond covenants: Evidence from family firms in China	103
Impact of managerial power on regulatory inquiries from stock exchanges: Evidence from the text tone of Chinese listed companies' annual reports	95
Does the investment-profitability correlation affect the factor premiums? Evidence from China	90
Forecasting VaRs via hybrid EVT with normal and non-normal filters: A comparative analysis from the Chinese stock market	87
Forecasting Chinese stock market volatility with option-implied risk aversion: Evidence from extended realized EGARCH-MIDAS approach	80
Is attention-based stock buying profitable? Empirical evidence from Chinese individual investors	74
Momentum investing and a tale of intraday and overnight returns: Evidence from Taiwan	74
Editorial Board	71
Managerial discretion over initial earnings forecasts	70
China's illiquidity premium: Due to risk-taking or mispricing?	66
Insiders' stock pledging disclosures and credit ratings: Evidence from India	63
The effect of Tobin's q on investment in a bank-based financial system: Evidence from Japan	62
How retail investors affect the stock market?	60
Digital empowered business environment and enterprise innovation: Evidence from China	60
Pricing family leadership: Evidence from audit fees	58
Does transition finance policies persistently fuel green innovation in brown firms? Investigating the roles of ESG rating and bank connection	58
Foreign branch and bank lending decisions: Evidence from high-risk borrowers	55
Clan culture and corporate innovation	55
Environmental uncertainty, financing constraints and corporate investment: Evidence from China	55
Editorial Board	54

Agreeing to disagree: Informativeness of sentiments in internet message boards	53
Official visits and stock price crash risk	53
Do multiple large shareholders matter in financial firms? Evidence from China	51
Local urban investment bonds and the profitability of firms	51
Can Fintech development improve the financial inclusion of village and township banks? Evidence from China	50
Two-step price adjustments of IPO book building in Japan	48
The conjoint effects of corporate social responsibility performance and report tone on financial constraints: Evidence from China	47
Demystifying COVID-19 policy actions: The case of inflation control in ASEAN	46
Domestic liquidity of cross-listed stocks: Evidence from the ADR market	45
Share pledge lending, monetary policy, and shadow banking nexus	45
Collateral reuse as a direct funding mechanism in repo markets	44
Editorial Board	43
Executive pay restrictions, political promotion, and firm efficiency: Evidence from China	43
Ownership acceleration and the volume volatility-return link: Evidence from China	41
Financial geographic density and corporate financial asset holdings: Evidence from China	40
Spillover effects of MSCI inclusion announcement: Evidence and implications from China	40
Who watches what and why it matters: Attention allocation, tug-of-war, and market resiliency: A pre-registered report	40
Linking labor with capital: How employee friendly treatment impact trade credit availability	39
To fix or not to fix: The representativeness of the WM/R methodology that underpins the FX benchmark rates. A pre-registered report	39
The role of financial flexibility in corporate cash donations	39
The peer effects of corporate social responsibility in China: A pre-registered study	38
Price limit and stock market quality: Evidence from a quasi-natural experiment in the Chinese stock market	37
An extension analysis of Amihud's illiquidity premium: Evidence from the Taiwan stock market	37
Do firms accumulate cash balances through financing persistent negative cash flows? Evidence from China	37
The impact of government open data platform construction on corporate capital market performance: Evidence from stock liquidity	37
Confucianism and D&O insurance demand of Chinese listed companies	36
Digital merger & acquisition and corporate innovation: Evidence from China	36
Does judicial procedure reform affect firms' access to trade credit? Evidence from China	35
The asymmetric innovation effects of heterogeneous government subsidies: A new perspective from GDP target deviation	34
Index-tracking rigidity and arbitrage opportunities in MSCI index reconstitutions	34
Extreme illiquidity and stock returns: Evidence from Thailand market	34
Do M&A funds create value in Chinese listed firms?	34
Reexamining the impact of closing call auction on market quality: A natural experiment from the Shanghai stock exchange	34
Dealership versus continuous auction: Evidence from the JASDAQ market	33
Passive investors and concentration of intraday liquidity: Evidence from the Tokyo Stock Exchange	33
Paying for pollution: Air quality and executive compensation	33
Leverage effect in cryptocurrency markets	33
Trend information and cross-sectional returns: The role of analysts	33
Risk factors in the Indonesian stock market	32
Heterogeneity in shareholder activism: Evidence from Japan	32
The role of venture capital in promoting innovation in key & core technology companies: A pre-registered study	32
Can convertible bond trading predict stock returns? Evidence from China	32
Digital transformation and corporate capital structure: Evidence from China	31
The value of family social capital in informal financial markets: Evidence from China	31
The spillover effect of dishonesty across markets: PEP fund reallocation and bond rating	30
Corporate leverage and leverage speed of adjustment: Does environmental policy stringency matter?	30
Corporate responses to systemic risk: Talk and action	30
Motives for environmental and social engagement and stock liquidity: The moderating role of sustainability committees	30
How air pollution influences corporate credit spreads: A pre-registered report	29
Watchdogs or Petdogs: The role of media freedom on banking system stability	29

Measuring the association between short selling and price efficiency: A new stock-level analysis	29
Financial literacy and household financial behavior in Singapore	28
Optimization-based spectral end-to-end deep reinforcement learning for equity portfolio management	28
The journey is the reward: A study of corporate site visits and mutual fund performance	27
“Only children” and entrepreneurship in China: Spillover effects and mechanisms	27
Before thrive, first survive: The impact of controlling shareholder pledging on corporate ESG performance	26
Does social network improve corporate financing efficiency? Evidence from China	26
From academia to the courtroom: Impact of academic executives on corporate litigation risk	26
Financial stress and returns predictability: Fresh evidence from China	25
Corporate green transformation and bankruptcy risk: Empirical evidence from Chinese manufacturing firms	25
Robot adoption and firm's capacity utilization: Evidence from China	25
The impact of central environmental inspection on institutional ownership: Evidence from Chinese listed firms	25
Does firm financialization affect optimal real investment decisions? Evidence from China	25
Lead investors' insider ownership and crowd investors' agency concerns in investor-led equity crowdfunding	24
Muslim CEOs, risk-taking and firm performance	23
The dynamic impact of monetary policy on financial stability in China after crises	23
Does short-term momentum exist in China?	23
Mispricing and anomalies in China	23
Predicting financial fraud in Chinese listed companies: An enterprise portrait and machine learning approach	23
Conditional volatility targeting strategy considering jump effects: Evidence from sustainable ESG equity index	22
Economic policy uncertainty and bank systemic risk: A cross-country analysis	22
Cross-industry knowledge spillovers through shared analyst coverage: Evidence from green technologies	22
COVID-19 vaccinations and risk spillovers: Evidence from Asia-Pacific stock markets	22
Social trust and dividend payouts: Evidence from China	22
Board gender diversity and default risk in a bank-based financial system: A pre-registered report	22
Product network and origin of common equity factor risks	22
Employee pension welfare and corporate risk-taking: Evidence from the enterprise annuity system in China	22
Lost in excess capital: Labor market consequences of IPO oversubscription in China	22
Information disclosure, product market competition and payout policy	21
The importance of speed to corporate financial asset holdings: Evidence from high-speed rail	21
How does the COVID-19 pandemic change the disposition effect in fund investors?	21
The effect of margin-trading and short-selling mechanism on left-tail risk: Evidence from a quasi-natural experiment in China	21
Care or fear? The link between D&O liability insurance and CSR engagement: Evidence from China	21
Uneasy lies the head that wears a crown: Firm network status and market response to negative rumors	21
Global leveraged buyout deal performance: A cross-border cross-cultural perspective	21
Ownership structure and carbon emissions reduction	21
Saving for whose pocket? Divergence between employee wages and corporate cash holdings	21
Involuntary political connections and private firms' tax avoidance	21
On the side effects of mandatory gender diversity laws in corporate boards	21
Exacerbate or alleviate? Impact of controlling shareholders' share pledging on over-investment	20
Which investor corrects mispricing around earnings announcements?	20
CEO's poverty imprints and corporate financial fraud: Evidence from China	20
The uncertainty of RMB exchange rate expectation and foreign investment: Evidence from Cross-border M&As in China	20
Sustainable finance analysis of commercial banks in China	20
Not all market participants are alike when facing crisis: Evidence from the 2015 Chinese stock market turbulence	20
Unlocking the power of roots: Local CEOs and corporate maturity mismatch	20
Increase or decrease: Customer digital transformation and supplier cost stickiness	20
Mood seasonality around the globe	20
A study of financial market resilience in China — From a hot money shock perspective	19
News sentiment and the cost of debt	19
Greening through central inspection: The role of legitimacy pressure and risk-taking	19
Spillovers between Sukuks and Shariah-compliant equity markets	19
Great Chinese famine, corporate social responsibility and firm value	18
Are Islamic banks more resilient to the crises vis-à-vis conventional banks? Evidence from the COVID-19 shock using stock market data	18
Do remote meetings and board hierarchy impact the voting behavior of independent board directors?	18
How do Islamic equity markets respond to good and bad volatility of cryptocurrencies? The case of Bitcoin	18
Bank financing diversification, market structure, and stability in a dual-banking system	18
Liquidity shock and stock returns in the Japanese equity market	18
Research on the influence of capital market liberalization on the ESG performance of listed companies—A quasinatural experiment based on the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connects	18
Foreign investor trading, local investor mimicry and stock price volatility	17
Do buyback anomalies explain the stock return in Japan? A pre-registered report	17
Forecasting Chinese stock market volatility with high-frequency intraday and current return information	17
Do corrupt practices lead to increased cash holdings in firms? International evidence	17
Retail investors and the behavioral component of idiosyncratic volatility	17
Exceed your duty: The substitution effect of minority investor governance on institutional site visits	17
Navigating competitive pressures: The impact of banking competition on corporate short-term borrowing for long-term investment	17
Institutional investors' information access and executive pay gaps: Evidence from corporate site visits in China	16
Board diversity and the marginal value of corporate cash holdings	16
Does engagement by large asset managers enhance governance of target firms?	16
Should managers be incentivized with stock or options? Evidence from China	16
Analysis of tail risk contagion among industry sectors in the Chinese stock market during the COVID-19 pandemic	16
Competition laws and corporate risk-taking around the world	16
Reform of fiscal hierarchy and corporate innovation: Evidence from the ‘Province-Managing-County’ fiscal reform in China	16
Culture and confidence in financial knowledge testing	16
International stock return predictability: The role of U.S. uncertainty spillover	16
High-dimensional portfolio optimization based on tree-structured factor model	16
Do investors' site visits affect the price of bond issues?	15
Mapping fear in financial markets: Insights from dynamic networks and centrality measures	15
Dissecting the links among profitability, the disposition effect, and trading activity	15
ESG performance and loan contracting in an emerging market	15

Corporate financialization and investment efficiency: Evidence from China	15
Impact of perceived unlucky years on investment performance: Evidence from Chinese cultural beliefs	15
Does digital tax enforcement drive corporate digitalization? Evidence from the Golden Tax Project III in China: A pre-registered report	15
The impact of displaced commercial risk on the performance of Islamic banks	15
Does the risk spillover in global financial markets intensify during major public health emergencies? Evidence from the COVID-19 crisis	15
The nexus of peer-to-peer lending and monetary policy transmission: Evidence from the People's Republic of China	15
Digital financial inclusion, traditional finance system and household entrepreneurship	15
How does the quality of institutions influence the cash conversion cycle of firms?	15
Can board refreshment mitigate managerial power: New evidence from the MENA region	15
Chinese stock anomalies and investor sentiment	15
The green governance effect of retail investor attention: Evidence from China's investor interactive platforms	15
Gender culture and cross-border mergers and acquisitions: The deals with RCEP targets	15
Green finance policy and labor demand: Evidence from China	14
Religion vs. ethics: Tail dependence between Sukuk, green bond, Islamic Fintech, and fourth industrial revolution assets	14
Pricing implications of intervention and debt management in the primary market of Japanese government bonds	14
Does market competition foster related party transactions? Evidence from emerging market	14
The influence of stock market liberalization on labor investment decisions: Evidence from China	14
How are green stocks and monetary policy related?	14
Structural news shock, financial market uncertainty and China's business fluctuations	14
Social media sentiment contagion and stock price jumps and crashes	14
Does internal control affect firms' use of derivatives? Evidence from China	14
The construction of social credit system and corporate innovation: Evidence from China	14
Do listed companies fulfill their public commitments? Evidence from the stake-raising commitments of Chinese companies	14
Editorial Board	13
When they say ‘not affected’, what do they mean? Evidence from trade disputes	13
A shock to CEOs' external environment: terrorist attacks and CEO pay	13
Geographic disparities in bank lending: Evidence from an auto loan market	13
Prospect theory and mutual fund flows: Evidence from China	13
How do banks price carbon risk? Evidence from India	13
Financial mismatch on corporate debt default risk: Evidence from China	13
Analyzing the impact of sustainable performance on working capital management: Evidence from emerging markets	13
Revisiting the momentum effect in Taiwan: The role of persistency	13
Small business owners’ Fintech credit in crises: Theory and evidence from farmers under the COVID-19	13
Intellectual property rights enforcement and mergers and acquisitions: Evidence from China	13
Is there a time-series momentum effect in the Asian crude oil futures market?	13
Mainland Chinese investor attention influences on international markets: The impact of Game of Hunting on the stock returns of head-hunting companies in Hong Kong	12
CEO-CFO tenure consistency and audit fees	12
Enterprise digital transformation and return comovement of business groups	12
Non-financial information uncertainty, firm growth, and market value during crisis: Evidence from China	12
Return predictability of short-selling and financial distress firms: Evidence from Korean stock market	12
Navigating the “twin titans” of global manufacturing: The impact of US and China on industrial production forecasting in G20 nations	12
Relocating innovation within firms: The impact of real estate booms on innovation transfer	12
Economic policy uncertainty and capital flows' tail risk in China	12
Supply chain digitization and corporate maturity mismatch: Evidence from a quasi-natural experiment	12
COVID-19 and policy responses: Early evidence in banks and FinTech stocks	12
Foreign business exposure, policy uncertainty, and investment allocation decisions of Chinese multinational corporations	12
Dual institutional shareholders and stock price volatility——Evidence from fund investors in China	12
Firm performance following actual share repurchases: Effects of investment crowding out and financial flexibility	12
Stock market volatility spillovers from U.S. to China: The pivotal role of Hong Kong	12
Relative performance evaluation and investment efficiency	12
Information asymmetry in reinsurance through various ceded contracts	11
The role of anti-tax avoidance in tax base flow and international tax competition	11
Earnings management, horizon problem, and advisor posts for retiring CEOs	11
Talk less and do more: Expected strategic adjustments vs. actual changes in the Chinese firms	11
National culture and the choice between bank debt and public debt	11
The changing face of consumer credit: Evidence from a big tech platform in China	11
Factors and anomalies in the Vietnamese stock market	11
Cognitive ability and household portfolio diversification: Evidence from China	11
The evolution of bank revenue and risk in the Asia-Pacific Region	11
Distance, information and bank lending in China	11
Does systemic risk affect fund managers' tail risk-taking?	11
Intelligent manufacturing and post-pandemic growth: Evidence from China	11
The crowding out effect of central versus local government debt: Evidence from China	11
Does the mixed-ownership reform of Chinese state-owned enterprises improves their total factor productivity?	10
Time-varying risk spillovers between renewable energy and Islamic stock markets: Evidence from the Russia-Ukraine conflict	10
Russo-Ukrainian geopolitical tensions: An empirical analysis of corporate investment in Europe	10
Does corporate ESG create value? New evidence from M&As in China	10
Anti-corruption and within-firm pay gap: Evidence from China	10
CEO inside debt and downside risk: Evidence from internal and external environments	10
Mandatory internal control audits and management earnings forecast	10
The impact of mandatory CSR regulation on corporate financial policy: Evidence from India	10
The asymmetric effect of information shock on overnight and intraday expected returns: Evidence from Chinese A-share stock market	10
Concerted action agreements, corporate innovation, and financial market outcomes: A pre-registered report	10
Economies of scope in the Japanese banking industry	10
The effect of Chinese lunar calendar on individual investors' trading	10
When do venture capital and startups team up? Matching matters	10
Environmental regulation, intelligent manufacturing and corporate investment & financing: Evidence from industrial robot investment	10
Syndicate partner composition of governmental venture capital firms: Evidence from China	10
Stock markets, local governments leverage, and regional economic development: Evidence from China	10
Organization capital and stock price crash risk	10
Risk premium principal components for the Chinese stock market	10
To outperform: Sell-in-May enhanced with bond investments	10
The impact of venture capital on the development of medical and healthcare industry: Empirical analysis of Chinese A-share pharmaceutical companies	10
Judicial independence and corporate financialization: Evidence from China	10
Investor decision making within retirement savings schemes	10
Climate change exposure and stock liquidity commonality: International evidence	10
Can financial consumer protection promote residents' stock market participation? An investigation based on eastern China residents survey	10
Does financial education help to improve the return on stock investment? Evidence from China	9
What is the best composite liquidity proxy for explaining stock returns? Evidence from the Chinese stock market	9
Momentum: Evidence and insights 30 years later	9
The impact of the Pitching Research Framework on AFAANZ grant applications: A pre-registered study	9
The colour of finance words in Chinese	9
Data assets and corporate sustainable development: evidence from ESG in China	9
Spillover effects between internet financial industry and traditional financial industry: Evidence from the Chinese stock market	9
ESG report textual similarity and stock price synchronicity: Evidence from China	9