Pacific-Basin Finance Journal

Article	Citations
Bank credit to SMEs in Japan: Evidence from normal times, the global financial crisis, and the COVID-19 crisis	224
China's illiquidity premium: Due to risk-taking or mispricing?	138
Banking uncertainty and cash conversion cycle	110
Is attention-based stock buying profitable? Empirical evidence from Chinese individual investors	108
Share pledge lending, monetary policy, and shadow banking nexus	102
Managerial successions and family firms' access to trade credit financing: Evidence from China	91
Herd to repurchase	87
The effect of Tobin's q on investment in a bank-based financial system: Evidence from Japan	86
Editorial Board	83
Forecasting VaRs via hybrid EVT with normal and non-normal filters: A comparative analysis from the Chinese stock market	82
An empirical evaluation of the salience-based asset pricing model: Evidence from Australia	80
Forecasting Chinese stock market volatility with option-implied risk aversion: Evidence from extended realized EGARCH-MIDAS approach	80
Does the investment-profitability correlation affect the factor premiums? Evidence from China	76
Momentum investing and a tale of intraday and overnight returns: Evidence from Taiwan	67
Agreeing to disagree: Informativeness of sentiments in internet message boards	65
Digital empowered business environment and enterprise innovation: Evidence from China	64
Two-step price adjustments of IPO book building in Japan	64
The impacts of circuit breakers on China's stock market	61
Quantile relationship between Islamic and non-Islamic equity markets	59
Domestic liquidity of cross-listed stocks: Evidence from the ADR market	59
The conjoint effects of corporate social responsibility performance and report tone on financial constraints: Evidence from China	59
Do multiple large shareholders matter in financial firms? Evidence from China	59
Official visits and stock price crash risk	59
Local urban investment bonds and the profitability of firms	56
Long-term impacts of index reconstitutions: Evidence from the CSI 300 additions and deletions	53

Managerial discretion over initial earnings forecasts	52
Does transition finance policies persistently fuel green innovation in brown firms? Investigating the roles of ESG rating and bank connection	52
Demystifying COVID-19 policy actions: The case of inflation control in ASEAN	51
How retail investors affect the stock market?	51
Clan culture and corporate innovation	51
How do investors in Chinese stock market react to external uncertainty? An event study to the Sino-US disputes	49
Anomalies in the China A-share market	49
Impact of managerial power on regulatory inquiries from stock exchanges: Evidence from the text tone of Chinese listed companies' annual reports	48
Restrictive bond covenants: Evidence from family firms in China	47
Can Fintech development improve the financial inclusion of village and township banks? Evidence from China	46
Pricing family leadership: Evidence from audit fees	45
Environmental uncertainty, financing constraints and corporate investment: Evidence from China	45
Trend information and cross-sectional returns: The role of analysts	44
Collateral reuse as a direct funding mechanism in repo markets	44
Insiders' stock pledging disclosures and credit ratings: Evidence from India	44
The role of financial flexibility in corporate cash donations	42
Do M&A funds create value in Chinese listed firms?	42
Risk factors in the Indonesian stock market	41
An extension analysis of Amihud's illiquidity premium: Evidence from the Taiwan stock market	40
Dealership versus continuous auction: Evidence from the JASDAQ market	40
Does judicial procedure reform affect firms' access to trade credit? Evidence from China	38
Extreme illiquidity and stock returns: Evidence from Thailand market	38
The asymmetric innovation effects of heterogeneous government subsidies: A new perspective from GDP target deviation	38
To fix or not to fix: The representativeness of the WM/R methodology that underpins the FX benchmark rates. A pre-registered report	38
Digital transformation and corporate capital structure: Evidence from China	38
Financial geographic density and corporate financial asset holdings: Evidence from China	38
Motives for environmental and social engagement and stock liquidity: The moderating role of sustainability committees	38
The role of venture capital in promoting innovation in key & core technology companies: A pre-registered study	37
Who watches what and why it matters: Attention allocation, tug-of-war, and market resiliency: A pre-registered report	37
Spillover effects of MSCI inclusion announcement: Evidence and implications from China	37
Do fund managers time implied tail risk? — Evidence from Chinese mutual funds	36
Passive investors and concentration of intraday liquidity: Evidence from the Tokyo Stock Exchange	36
Heterogeneity in shareholder activism: Evidence from Japan	35
Do firms accumulate cash balances through financing persistent negative cash flows? Evidence from China	35
Jumps at ultra-high frequency: Evidence from the Chinese stock market	34
Digital merger & acquisition and corporate innovation: Evidence from China	34
Can convertible bond trading predict stock returns? Evidence from China	33
The peer effects of corporate social responsibility in China: A pre-registered study	33
Reexamining the impact of closing call auction on market quality: A natural experiment from the Shanghai stock exchange	33
Price limit and stock market quality: Evidence from a quasi-natural experiment in the Chinese stock market	32
Corporate leverage and leverage speed of adjustment: Does environmental policy stringency matter?	32
The value of family social capital in informal financial markets: Evidence from China	32
Editorial Board	32
Leverage effect in cryptocurrency markets	31
Executive pay restrictions, political promotion, and firm efficiency: Evidence from China	31
Linking labor with capital: How employee friendly treatment impact trade credit availability	31
Paying for pollution: Air quality and executive compensation	31
The impact of government open data platform construction on corporate capital market performance: Evidence from stock liquidity	31
“Only children” and entrepreneurship in China: Spillover effects and mechanisms	30
Watchdogs or Petdogs: The role of media freedom on banking system stability	30

The dynamic impact of monetary policy on financial stability in China after crises	30
Corporate responses to systemic risk: Talk and action	30
Confucianism and D&O insurance demand of Chinese listed companies	30
Lead investors' insider ownership and crowd investors' agency concerns in investor-led equity crowdfunding	30
Before thrive, first survive: The impact of controlling shareholder pledging on corporate ESG performance	30
Financial literacy and household financial behavior in Singapore	29
COVID-19 vaccinations and risk spillovers: Evidence from Asia-Pacific stock markets	29
Optimization-based spectral end-to-end deep reinforcement learning for equity portfolio management	29
Does short-term momentum exist in China?	29
Muslim CEOs, risk-taking and firm performance	29
Does firm financialization affect optimal real investment decisions? Evidence from China	28
The journey is the reward: A study of corporate site visits and mutual fund performance	28
Robot adoption and firm's capacity utilization: Evidence from China	28
Mispricing and anomalies in China	28
Financial stress and returns predictability: Fresh evidence from China	27
Economic policy uncertainty and bank systemic risk: A cross-country analysis	27
The impact of central environmental inspection on institutional ownership: Evidence from Chinese listed firms	26
Resurrecting the size effect in Japan: Firm size, profitability shocks, and expected stock returns	26
Does social network improve corporate financing efficiency? Evidence from China	26
Social trust and dividend payouts: Evidence from China	26
Employee pension welfare and corporate risk-taking: Evidence from the enterprise annuity system in China	26
Predicting financial fraud in Chinese listed companies: An enterprise portrait and machine learning approach	26
Conditional volatility targeting strategy considering jump effects: Evidence from sustainable ESG equity index	26
Mood seasonality around the globe	25
How does the COVID-19 pandemic change the disposition effect in fund investors?	25
Product network and origin of common equity factor risks	24
Information disclosure, product market competition and payout policy	24
Saving for whose pocket? Divergence between employee wages and corporate cash holdings	24
News sentiment and the cost of debt	23
Sustainable finance analysis of commercial banks in China	23
Board gender diversity and default risk in a bank-based financial system: A pre-registered report	23
Which investor corrects mispricing around earnings announcements?	23
A study of financial market resilience in China — From a hot money shock perspective	22
Care or fear? The link between D&O liability insurance and CSR engagement: Evidence from China	22
Exacerbate or alleviate? Impact of controlling shareholders' share pledging on over-investment	22
Vertical interlock and stock price crash risk	21
A fresh look at the risk-return tradeoff	21
Global leveraged buyout deal performance: A cross-border cross-cultural perspective	21
The importance of speed to corporate financial asset holdings: Evidence from high-speed rail	21
Uneasy lies the head that wears a crown: Firm network status and market response to negative rumors	21
Involuntary political connections and private firms' tax avoidance	21
Spillovers between Sukuks and Shariah-compliant equity markets	21
Increase or decrease: Customer digital transformation and supplier cost stickiness	21
On the side effects of mandatory gender diversity laws in corporate boards	21
Greening through central inspection: The role of legitimacy pressure and risk-taking	21
Not all market participants are alike when facing crisis: Evidence from the 2015 Chinese stock market turbulence	21
Ownership structure and carbon emissions reduction	21
The effect of margin-trading and short-selling mechanism on left-tail risk: Evidence from a quasi-natural experiment in China	21
Are Islamic banks more resilient to the crises vis-à-vis conventional banks? Evidence from the COVID-19 shock using stock market data	20
CEO's poverty imprints and corporate financial fraud: Evidence from China	20
Editorial Board	20
Unlocking the power of roots: Local CEOs and corporate maturity mismatch	20
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	20
Cross-industry knowledge spillovers through shared analyst coverage: Evidence from green technologies	20
Economic policy uncertainty and corporate risk-taking: Loss aversion or opportunity expectations	20
The uncertainty of RMB exchange rate expectation and foreign investment: Evidence from Cross-border M&As in China	20
Digital financial inclusion, traditional finance system and household entrepreneurship	19
Culture and confidence in financial knowledge testing	19
Should managers be incentivized with stock or options? Evidence from China	19
Forecasting Chinese stock market volatility with high-frequency intraday and current return information	19
Does engagement by large asset managers enhance governance of target firms?	19
Great Chinese famine, corporate social responsibility and firm value	19
Retail investors and the behavioral component of idiosyncratic volatility	19
High-dimensional portfolio optimization based on tree-structured factor model	19
Do remote meetings and board hierarchy impact the voting behavior of independent board directors?	19
Liquidity shock and stock returns in the Japanese equity market	18
Reform of fiscal hierarchy and corporate innovation: Evidence from the ‘Province-Managing-County’ fiscal reform in China	18
Competition laws and corporate risk-taking around the world	18
Gender culture and cross-border mergers and acquisitions: The deals with RCEP targets	18
Do buyback anomalies explain the stock return in Japan? A pre-registered report	18
International stock return predictability: The role of U.S. uncertainty spillover	18
How do Islamic equity markets respond to good and bad volatility of cryptocurrencies? The case of Bitcoin	18
Corporate financialization and investment efficiency: Evidence from China	18
Institutional investors' information access and executive pay gaps: Evidence from corporate site visits in China	18
Financial literacy, debt, risk tolerance and retirement preparedness: Evidence from New Zealand	18
Do investors' site visits affect the price of bond issues?	18
Analysis of tail risk contagion among industry sectors in the Chinese stock market during the COVID-19 pandemic	18
Bank financing diversification, market structure, and stability in a dual-banking system	18
Board diversity and the marginal value of corporate cash holdings	18
Editorial Board	17

Structural news shock, financial market uncertainty and China's business fluctuations	17
How noise trading affects informational efficiency: Evidence from an order-driven market	17
Dissecting the links among profitability, the disposition effect, and trading activity	17
Impact of perceived unlucky years on investment performance: Evidence from Chinese cultural beliefs	17
When they say ‘not affected’, what do they mean? Evidence from trade disputes	16
Revisiting the momentum effect in Taiwan: The role of persistency	16
Intellectual property rights enforcement and mergers and acquisitions: Evidence from China	16
Do listed companies fulfill their public commitments? Evidence from the stake-raising commitments of Chinese companies	16
Pricing implications of intervention and debt management in the primary market of Japanese government bonds	16
Analyzing the impact of sustainable performance on working capital management: Evidence from emerging markets	16
Does internal control affect firms' use of derivatives? Evidence from China	15
The nexus of peer-to-peer lending and monetary policy transmission: Evidence from the People's Republic of China	15
ESG performance and loan contracting in an emerging market	15
Small business owners’ Fintech credit in crises: Theory and evidence from farmers under the COVID-19	15
Technical expert CEOs and corporate innovation	15
Benchmarking deep reinforcement learning approaches to trade execution	15
Prospect theory and mutual fund flows: Evidence from China	15
Can board refreshment mitigate managerial power: New evidence from the MENA region	15
Social media sentiment contagion and stock price jumps and crashes	15
Does the risk spillover in global financial markets intensify during major public health emergencies? Evidence from the COVID-19 crisis	15
Political uncertainty and A-H share premium	15
Mapping fear in financial markets: Insights from dynamic networks and centrality measures	15
Financial mismatch on corporate debt default risk: Evidence from China	15
The impact of displaced commercial risk on the performance of Islamic banks	15
How does the quality of institutions influence the cash conversion cycle of firms?	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
The construction of social credit system and corporate innovation: Evidence from China	14
Predictive ability of similarity-based futures trading strategies	14
Does digital tax enforcement drive corporate digitalization? Evidence from the Golden Tax Project III in China: A pre-registered report	14
How are green stocks and monetary policy related?	14
Does market competition foster related party transactions? Evidence from emerging market	14
Is there a time-series momentum effect in the Asian crude oil futures market?	14
Time-varying asymmetric tail dependence of international equities markets	14
A shock to CEOs' external environment: terrorist attacks and CEO pay	14
How do banks price carbon risk? Evidence from India	14
Chinese stock anomalies and investor sentiment	14
Return predictability of short-selling and financial distress firms: Evidence from Korean stock market	14
Relative performance evaluation and investment efficiency	14
The evolution of bank revenue and risk in the Asia-Pacific Region	13
Foreign business exposure, policy uncertainty, and investment allocation decisions of Chinese multinational corporations	13
Talk less and do more: Expected strategic adjustments vs. actual changes in the Chinese firms	13
Economic policy uncertainty and capital flows' tail risk in China	13
CEO-CFO tenure consistency and audit fees	13
Cognitive ability and household portfolio diversification: Evidence from China	13
Navigating the “twin titans” of global manufacturing: The impact of US and China on industrial production forecasting in G20 nations	13
The role of anti-tax avoidance in tax base flow and international tax competition	13
Supply chain digitization and corporate maturity mismatch: Evidence from a quasi-natural experiment	13
The effect of Chinese lunar calendar on individual investors' trading	13
Intelligent manufacturing and post-pandemic growth: Evidence from China	13
Non-financial information uncertainty, firm growth, and market value during crisis: Evidence from China	13
The changing face of consumer credit: Evidence from a big tech platform in China	13
Factors and anomalies in the Vietnamese stock market	13
Stock market volatility spillovers from U.S. to China: The pivotal role of Hong Kong	13
Information bias and its spillover effect on return volatility: A study on stock markets in the Asia-Pacific region	13
Geographic disparities in bank lending: Evidence from an auto loan market	13
Does systemic risk affect fund managers' tail risk-taking?	13
Does corporate ESG create value? New evidence from M&As in China	12
COVID-19 and policy responses: Early evidence in banks and FinTech stocks	12
Earnings management, horizon problem, and advisor posts for retiring CEOs	12
Firm performance following actual share repurchases: Effects of investment crowding out and financial flexibility	12
Russo-Ukrainian geopolitical tensions: An empirical analysis of corporate investment in Europe	12
The impact of mandatory CSR regulation on corporate financial policy: Evidence from India	12
Prospect theory and stock returns: Evidence from foreign share markets	12
Anti-corruption and within-firm pay gap: Evidence from China	12
The crowding out effect of central versus local government debt: Evidence from China	12
The impact of venture capital on the development of medical and healthcare industry: Empirical analysis of Chinese A-share pharmaceutical companies	12
To outperform: Sell-in-May enhanced with bond investments	12
The asymmetric effect of information shock on overnight and intraday expected returns: Evidence from Chinese A-share stock market	12
Enterprise digital transformation and return comovement of business groups	12
National culture and the choice between bank debt and public debt	12
Distance, information and bank lending in China	12
The risk-return relation puzzle	12
Economies of scope in the Japanese banking industry	12
Information asymmetry in reinsurance through various ceded contracts	12
Does stock liquidity affect bankruptcy risk? DID analysis from Vietnam	11
CEO inside debt and downside risk: Evidence from internal and external environments	11
Can financial consumer protection promote residents' stock market participation? An investigation based on eastern China residents survey	11
Mandatory internal control audits and management earnings forecast	11
Climate change exposure and stock liquidity commonality: International evidence	11
Risk premium principal components for the Chinese stock market	11
Concerted action agreements, corporate innovation, and financial market outcomes: A pre-registered report	11
Organization capital and stock price crash risk	11
Time-varying risk spillovers between renewable energy and Islamic stock markets: Evidence from the Russia-Ukraine conflict	11
Syndicate partner composition of governmental venture capital firms: Evidence from China	11
When do venture capital and startups team up? Matching matters	11
Environmental regulation, intelligent manufacturing and corporate investment & financing: Evidence from industrial robot investment	10
Network connectedness of the term structure of yield curve and global Sukuks	10
How is the change in left-tail risk priced in China?	10
Modernising operational risk management in financial institutions via data-driven causal factors analysis: A pre-registered study	10
Outbreak risk, managerial distraction, and corporate information disclosure: Evidence from the COVID-19 pandemic	10
Do political preferences shape retail investors' decisions? Evidence from the Taiwan stock market	10
Extrapolation and option-implied kurtosis in volatility forecasting	10
Editorial Board	10
High-Speed Rail Launch: A Natural Experiment on Geographic Location and Cash Dividends	10