Pacific-Basin Finance Journal

Article	Citations
Banking uncertainty and cash conversion cycle	256
Bank credit to SMEs in Japan: Evidence from normal times, the global financial crisis, and the COVID-19 crisis	196
Managerial successions and family firms' access to trade credit financing: Evidence from China	123
Demystifying COVID-19 policy actions: The case of inflation control in ASEAN	115
Digital empowered business environment and enterprise innovation: Evidence from China	114
Does the investment-profitability correlation affect the factor premiums? Evidence from China	103
Forecasting Chinese stock market volatility with option-implied risk aversion: Evidence from extended realized EGARCH-MIDAS approach	101
Momentum investing and a tale of intraday and overnight returns: Evidence from Taiwan	91
Forecasting VaRs via hybrid EVT with normal and non-normal filters: A comparative analysis from the Chinese stock market	85
Editorial Board	82
Managerial discretion over initial earnings forecasts	82
Pricing family leadership: Evidence from audit fees	71
Foreign branch and bank lending decisions: Evidence from high-risk borrowers	69
Editorial Board	69
Agreeing to disagree: Informativeness of sentiments in internet message boards	68
Insiders' stock pledging disclosures and credit ratings: Evidence from India	64
The effect of Tobin's q on investment in a bank-based financial system: Evidence from Japan	63
Herd to repurchase	63
Clustering effects and spillover effects in major global government bond markets during the COVID-19 pandemic	62
Two-step price adjustments of IPO book building in Japan	61
Local urban investment bonds and the profitability of firms	60
Is attention-based stock buying profitable? Empirical evidence from Chinese individual investors	57
China's illiquidity premium: Due to risk-taking or mispricing?	57
How retail investors affect the stock market?	56
Do multiple large shareholders matter in financial firms? Evidence from China	54

Share pledge lending, monetary policy, and shadow banking nexus	54
Is company textual innovation disclosure effective? Evidence from China	53
Restrictive bond covenants: Evidence from family firms in China	52
Official visits and stock price crash risk	51
Does transition finance policies persistently fuel green innovation in brown firms? Investigating the roles of ESG rating and bank connection	51
Impact of managerial power on regulatory inquiries from stock exchanges: Evidence from the text tone of Chinese listed companies' annual reports	51
Domestic liquidity of cross-listed stocks: Evidence from the ADR market	50
The conjoint effects of corporate social responsibility performance and report tone on financial constraints: Evidence from China	48
Clan culture and corporate innovation	48
Can Fintech development improve the financial inclusion of village and township banks? Evidence from China	47
Collateral reuse as a direct funding mechanism in repo markets	47
An empirical evaluation of the salience-based asset pricing model: Evidence from Australia	47
Ownership acceleration and the volume volatility-return link: Evidence from China	45
Editorial Board	45
Government-guided funds and the rise of corporate AI: Evidence from China	44
Patient capital and corporate digital transformation: Evidence from Chinese A-share listed firms	44
Confucianism and D&O insurance demand of Chinese listed companies	42
Leverage effect in cryptocurrency markets	41
The value of family social capital in informal financial markets: Evidence from China	41
Digital merger & acquisition and corporate innovation: Evidence from China	41
Digital transformation and corporate capital structure: Evidence from China	40
Financial geographic density and corporate financial asset holdings: Evidence from China	40
Price limit and stock market quality: Evidence from a quasi-natural experiment in the Chinese stock market	40
Spillover effects of MSCI inclusion announcement: Evidence and implications from China	40
The role of financial flexibility in corporate cash donations	39
Executive pay restrictions, political promotion, and firm efficiency: Evidence from China	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
Linking labor with capital: How employee friendly treatment impact trade credit availability	38
Does judicial procedure reform affect firms' access to trade credit? Evidence from China	38
The peer effects of corporate social responsibility in China: A pre-registered study	37
Population age structure, industry return, and portfolio strategy: Capitalizing on the trend of population aging in China	37
Risk factors in the Indonesian stock market	36
Do firms accumulate cash balances through financing persistent negative cash flows? Evidence from China	36
Paying for pollution: Air quality and executive compensation	35
Who watches what and why it matters: Attention allocation, tug-of-war, and market resiliency: A pre-registered report	35
Can convertible bond trading predict stock returns? Evidence from China	35
The asymmetric innovation effects of heterogeneous government subsidies: A new perspective from GDP target deviation	35
Passive investors and concentration of intraday liquidity: Evidence from the Tokyo Stock Exchange	34
Extreme illiquidity and stock returns: Evidence from Thailand market	34
Trend information and cross-sectional returns: The role of analysts	34
Do M&A funds create value in Chinese listed firms?	34
Heterogeneity in shareholder activism: Evidence from Japan	33
Dealership versus continuous auction: Evidence from the JASDAQ market	33
Reexamining the impact of closing call auction on market quality: A natural experiment from the Shanghai stock exchange	31
An extension analysis of Amihud's illiquidity premium: Evidence from the Taiwan stock market	31
The role of venture capital in promoting innovation in key & core technology companies: A pre-registered study	31
Corporate responses to systemic risk: Talk and action	30
Corporate leverage and leverage speed of adjustment: Does environmental policy stringency matter?	30
Measuring the association between short selling and price efficiency: A new stock-level analysis	30
The impact of government open data platform construction on corporate capital market performance: Evidence from stock liquidity	30

Index-tracking rigidity and arbitrage opportunities in MSCI index reconstitutions	30
How air pollution influences corporate credit spreads: A pre-registered report	30
Motives for environmental and social engagement and stock liquidity: The moderating role of sustainability committees	30
Market-based reforms in share issuance and stock price crash risk: Evidence from China	30
The impact of central environmental inspection on institutional ownership: Evidence from Chinese listed firms	29
Watchdogs or Petdogs: The role of media freedom on banking system stability	29
Optimization-based spectral end-to-end deep reinforcement learning for equity portfolio management	28
“Only children” and entrepreneurship in China: Spillover effects and mechanisms	27
Predicting financial fraud in Chinese listed companies: An enterprise portrait and machine learning approach	27
Corporate green transformation and bankruptcy risk: Empirical evidence from Chinese manufacturing firms	27
The spillover effect of dishonesty across markets: PEP fund reallocation and bond rating	27
Financial stress and returns predictability: Fresh evidence from China	27
Only the connected survive: Common ownership and corporate resilience	26
Does short-term momentum exist in China?	26
Economic policy uncertainty and bank systemic risk: A cross-country analysis	25
COVID-19 vaccinations and risk spillovers: Evidence from Asia-Pacific stock markets	25
Robot adoption and firm's capacity utilization: Evidence from China	25
Does social network improve corporate financing efficiency? Evidence from China	24
Social trust and dividend payouts: Evidence from China	24
Financial literacy and household financial behavior in Singapore	24
Muslim CEOs, risk-taking and firm performance	24
Employee pension welfare and corporate risk-taking: Evidence from the enterprise annuity system in China	24
Mispricing and anomalies in China	23
Before thrive, first survive: The impact of controlling shareholder pledging on corporate ESG performance	23
The importance of speed to corporate financial asset holdings: Evidence from high-speed rail	23
Gender, society, and financial inclusion: Evidence from matrilineal and patriarchal societies	23
The journey is the reward: A study of corporate site visits and mutual fund performance	23
Does firm financialization affect optimal real investment decisions? Evidence from China	23
Product network and origin of common equity factor risks	23
Lead investors' insider ownership and crowd investors' agency concerns in investor-led equity crowdfunding	23
From academia to the courtroom: Impact of academic executives on corporate litigation risk	23
The dynamic impact of monetary policy on financial stability in China after crises	23
Saving for whose pocket? Divergence between employee wages and corporate cash holdings	23
Information disclosure, product market competition and payout policy	22
Global leveraged buyout deal performance: A cross-border cross-cultural perspective	22
Uneasy lies the head that wears a crown: Firm network status and market response to negative rumors	22
Conditional volatility targeting strategy considering jump effects: Evidence from sustainable ESG equity index	22
Involuntary political connections and private firms' tax avoidance	22
Mood seasonality around the globe	22
The effect of margin-trading and short-selling mechanism on left-tail risk: Evidence from a quasi-natural experiment in China	22
Increase or decrease: Customer digital transformation and supplier cost stickiness	21
Cultural proximity and CEO remuneration	21
News sentiment and the cost of debt	21
Does cultural diversity affect trade credit provision?	21
Care or fear? The link between D&O liability insurance and CSR engagement: Evidence from China	21
Culture and household carbon emissions: Evidence from China	21
Lost in excess capital: Labor market consequences of IPO oversubscription in China	21
Greening through central inspection: The role of legitimacy pressure and risk-taking	20
Sustainable finance analysis of commercial banks in China	20
The uncertainty of RMB exchange rate expectation and foreign investment: Evidence from Cross-border M&As in China	20
Not all market participants are alike when facing crisis: Evidence from the 2015 Chinese stock market turbulence	20
Spillovers between Sukuks and Shariah-compliant equity markets	20
A study of financial market resilience in China — From a hot money shock perspective	20
Are Islamic banks more resilient to the crises vis-à-vis conventional banks? Evidence from the COVID-19 shock using stock market data	20
Cross-industry knowledge spillovers through shared analyst coverage: Evidence from green technologies	19
Board gender diversity and default risk in a bank-based financial system: A pre-registered report	19
Unlocking the power of roots: Local CEOs and corporate maturity mismatch	19
On the side effects of mandatory gender diversity laws in corporate boards	19
CEO's poverty imprints and corporate financial fraud: Evidence from China	19
Exacerbate or alleviate? Impact of controlling shareholders' share pledging on over-investment	19
How does the COVID-19 pandemic change the disposition effect in fund investors?	19
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
Do remote meetings and board hierarchy impact the voting behavior of independent board directors?	18
Board diversity and the marginal value of corporate cash holdings	18
Ownership structure and carbon emissions reduction	18
Do corrupt practices lead to increased cash holdings in firms? International evidence	18
Liquidity shock and stock returns in the Japanese equity market	18
Which investor corrects mispricing around earnings announcements?	18
Digital economy policies and enterprise digital transformation: A quasi-natural experiment of digital economy pilot zones	18
Reform of fiscal hierarchy and corporate innovation: Evidence from the ‘Province-Managing-County’ fiscal reform in China	17
Foreign investor trading, local investor mimicry and stock price volatility	17
Does engagement by large asset managers enhance governance of target firms?	17
Navigating competitive pressures: The impact of banking competition on corporate short-term borrowing for long-term investment	17
Great Chinese famine, corporate social responsibility and firm value	17
Machine learning in the Australian equity market	17
Retail investors and the behavioral component of idiosyncratic volatility	17
International stock return predictability: The role of U.S. uncertainty spillover	16
Exceed your duty: The substitution effect of minority investor governance on institutional site visits	16
Gender culture and cross-border mergers and acquisitions: The deals with RCEP targets	16
Institutional investors' information access and executive pay gaps: Evidence from corporate site visits in China	16

Bank financing diversification, market structure, and stability in a dual-banking system	16
Culture and confidence in financial knowledge testing	16
High-dimensional portfolio optimization based on tree-structured factor model	16
Competition laws and corporate risk-taking around the world	16
Do buyback anomalies explain the stock return in Japan? A pre-registered report	16
Should managers be incentivized with stock or options? Evidence from China	16
Forecasting Chinese stock market volatility with high-frequency intraday and current return information	16
Impact of perceived unlucky years on investment performance: Evidence from Chinese cultural beliefs	15
Analysis of tail risk contagion among industry sectors in the Chinese stock market during the COVID-19 pandemic	15
How does the quality of institutions influence the cash conversion cycle of firms?	15
Revisiting the momentum effect in Taiwan: The role of persistency	15
Can board refreshment mitigate managerial power: New evidence from the MENA region	15
Digital financial inclusion, traditional finance system and household entrepreneurship	15
Does the semi-mandatory dividend policy affect firm innovation? Evidence from China's capital market	15
When they say ‘not affected’, what do they mean? Evidence from trade disputes	15
Editorial Board	15
Pricing implications of intervention and debt management in the primary market of Japanese government bonds	15
Corporate financialization and investment efficiency: Evidence from China	15
Do investors' site visits affect the price of bond issues?	15
Intellectual property rights enforcement and mergers and acquisitions: Evidence from China	15
The nexus of peer-to-peer lending and monetary policy transmission: Evidence from the People's Republic of China	15
Does digital tax enforcement drive corporate digitalization? Evidence from the Golden Tax Project III in China: A pre-registered report	14
Green finance policy and labor demand: Evidence from China	14
Small business owners’ Fintech credit in crises: Theory and evidence from farmers under the COVID-19	14
Dissecting the links among profitability, the disposition effect, and trading activity	14
The green governance effect of retail investor attention: Evidence from China's investor interactive platforms	14
Whac-a-mole: China's debt policies and local debt risks	14
Financial mismatch on corporate debt default risk: Evidence from China	14
The impact of displaced commercial risk on the performance of Islamic banks	14
How do banks price carbon risk? Evidence from India	14
Does market competition foster related party transactions? Evidence from emerging market	14
Benchmarking deep reinforcement learning approaches to trade execution	14
Mapping fear in financial markets: Insights from dynamic networks and centrality measures	14
Religion vs. ethics: Tail dependence between Sukuk, green bond, Islamic Fintech, and fourth industrial revolution assets	14
A shock to CEOs' external environment: terrorist attacks and CEO pay	14
Structural news shock, financial market uncertainty and China's business fluctuations	14
The influence of stock market liberalization on labor investment decisions: Evidence from China	14
Prospect theory and mutual fund flows: Evidence from China	14
How are green stocks and monetary policy related?	14
Do listed companies fulfill their public commitments? Evidence from the stake-raising commitments of Chinese companies	14
Chinese stock anomalies and investor sentiment	13
The construction of social credit system and corporate innovation: Evidence from China	13
Does internal control affect firms' use of derivatives? Evidence from China	13
ESG performance and loan contracting in an emerging market	13
Social media sentiment contagion and stock price jumps and crashes	13
Analyzing the impact of sustainable performance on working capital management: Evidence from emerging markets	13
Foreign business exposure, policy uncertainty, and investment allocation decisions of Chinese multinational corporations	12
Navigating the “twin titans” of global manufacturing: The impact of US and China on industrial production forecasting in G20 nations	12
Distance, information and bank lending in China	12
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
Relative performance evaluation and investment efficiency	12
Does the risk spillover in global financial markets intensify during major public health emergencies? Evidence from the COVID-19 crisis	12
COVID-19 and policy responses: Early evidence in banks and FinTech stocks	12
Economic policy uncertainty and capital flows' tail risk in China	12
Geographic disparities in bank lending: Evidence from an auto loan market	12
Non-financial information uncertainty, firm growth, and market value during crisis: Evidence from China	12
Is there a time-series momentum effect in the Asian crude oil futures market?	12
Entrepreneurial finance, primary equity markets, and growth: Evidence from a macro-panel of 97 economies	12
The changing face of consumer credit: Evidence from a big tech platform in China	12
Factors and anomalies in the Vietnamese stock market	12
Does systemic risk affect fund managers' tail risk-taking?	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
Dual institutional shareholders and stock price volatility——Evidence from fund investors in China	11
Firm performance following actual share repurchases: Effects of investment crowding out and financial flexibility	11
Enterprise digital transformation and return comovement of business groups	11
Information asymmetry in reinsurance through various ceded contracts	11
Cognitive ability and household portfolio diversification: Evidence from China	11
Relocating innovation within firms: The impact of real estate booms on innovation transfer	11
Intelligent manufacturing and post-pandemic growth: Evidence from China	11
Return predictability of short-selling and financial distress firms: Evidence from Korean stock market	11
Talk less and do more: Expected strategic adjustments vs. actual changes in the Chinese firms	11
How do credit default swap spreads react to languages?	11
CEO-CFO tenure consistency and audit fees	11
Investor decision making within retirement savings schemes	10
To break or not to break: price discovery in morning and afternoon call auctions	10
Economic policy uncertainty, bank loan, and corporate innovation	10
The impact of mandatory CSR regulation on corporate financial policy: Evidence from India	10
Time-varying risk spillovers between renewable energy and Islamic stock markets: Evidence from the Russia-Ukraine conflict	10
Concerted action agreements, corporate innovation, and financial market outcomes: A pre-registered report	10
Can financial consumer protection promote residents' stock market participation? An investigation based on eastern China residents survey	10
Mandatory internal control audits and management earnings forecast	10
Editorial Board	10
Environmental regulation, intelligent manufacturing and corporate investment & financing: Evidence from industrial robot investment	10
Does digital transformation increase bank profit efficiency? Evidence from China	10
Climate change exposure and stock liquidity commonality: International evidence	10
Natural disasters and the real effect of skilled labor mobility	10
The asymmetric effect of information shock on overnight and intraday expected returns: Evidence from Chinese A-share stock market	10
Evolution of the relative efficiency of CDS and equity markets in Japan: Does one market have a long-term informational advantage over the other?	10
How does digital inclusive finance promote the financial performance of Chinese cultural enterprises?	10
Does the mixed-ownership reform of Chinese state-owned enterprises improves their total factor productivity?	10
When do venture capital and startups team up? Matching matters	10
Syndicate partner composition of governmental venture capital firms: Evidence from China	10
Riding the storm: AI-driven spillover effects across technology, commodities, and conventional markets	10
The impact of venture capital on the development of medical and healthcare industry: Empirical analysis of Chinese A-share pharmaceutical companies	10