Pacific-Basin Finance Journal

Article	Citations
Banking uncertainty and cash conversion cycle	249
Bank credit to SMEs in Japan: Evidence from normal times, the global financial crisis, and the COVID-19 crisis	182
Managerial successions and family firms' access to trade credit financing: Evidence from China	119
Demystifying COVID-19 policy actions: The case of inflation control in ASEAN	117
An empirical evaluation of the salience-based asset pricing model: Evidence from Australia	114
Digital empowered business environment and enterprise innovation: Evidence from China	109
Does the investment-profitability correlation affect the factor premiums? Evidence from China	99
The effect of Tobin's q on investment in a bank-based financial system: Evidence from Japan	96
Forecasting Chinese stock market volatility with option-implied risk aversion: Evidence from extended realized EGARCH-MIDAS approach	89
Momentum investing and a tale of intraday and overnight returns: Evidence from Taiwan	81
Forecasting VaRs via hybrid EVT with normal and non-normal filters: A comparative analysis from the Chinese stock market	81
Editorial Board	78
Managerial discretion over initial earnings forecasts	73
Pricing family leadership: Evidence from audit fees	70
Foreign branch and bank lending decisions: Evidence from high-risk borrowers	68
Editorial Board	66
Agreeing to disagree: Informativeness of sentiments in internet message boards	65
Official visits and stock price crash risk	62
Insiders' stock pledging disclosures and credit ratings: Evidence from India	61
Herd to repurchase	61
Local urban investment bonds and the profitability of firms	60
Two-step price adjustments of IPO book building in Japan	60
China's illiquidity premium: Due to risk-taking or mispricing?	58
Is attention-based stock buying profitable? Empirical evidence from Chinese individual investors	56
How retail investors affect the stock market?	55

Does transition finance policies persistently fuel green innovation in brown firms? Investigating the roles of ESG rating and bank connection	54
The conjoint effects of corporate social responsibility performance and report tone on financial constraints: Evidence from China	53
Share pledge lending, monetary policy, and shadow banking nexus	52
Do multiple large shareholders matter in financial firms? Evidence from China	52
Is company textual innovation disclosure effective? Evidence from China	51
Restrictive bond covenants: Evidence from family firms in China	50
Impact of managerial power on regulatory inquiries from stock exchanges: Evidence from the text tone of Chinese listed companies' annual reports	49
Domestic liquidity of cross-listed stocks: Evidence from the ADR market	48
Environmental uncertainty, financing constraints and corporate investment: Evidence from China	47
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	46
Editorial Board	46
Clan culture and corporate innovation	46
Ownership acceleration and the volume volatility-return link: Evidence from China	44
Spillover effects of MSCI inclusion announcement: Evidence and implications from China	43
The role of financial flexibility in corporate cash donations	41
The value of family social capital in informal financial markets: Evidence from China	41
Financial geographic density and corporate financial asset holdings: Evidence from China	41
To fix or not to fix: The representativeness of the WM/R methodology that underpins the FX benchmark rates. A pre-registered report	41
Does judicial procedure reform affect firms' access to trade credit? Evidence from China	40
Population age structure, industry return, and portfolio strategy: Capitalizing on the trend of population aging in China	40
Linking labor with capital: How employee friendly treatment impact trade credit availability	40
Executive pay restrictions, political promotion, and firm efficiency: Evidence from China	40
The peer effects of corporate social responsibility in China: A pre-registered study	40
Do M&A funds create value in Chinese listed firms?	39
Do firms accumulate cash balances through financing persistent negative cash flows? Evidence from China	39
Extreme illiquidity and stock returns: Evidence from Thailand market	39
Trend information and cross-sectional returns: The role of analysts	37
Passive investors and concentration of intraday liquidity: Evidence from the Tokyo Stock Exchange	37
Dealership versus continuous auction: Evidence from the JASDAQ market	36
Heterogeneity in shareholder activism: Evidence from Japan	36
Reexamining the impact of closing call auction on market quality: A natural experiment from the Shanghai stock exchange	35
An extension analysis of Amihud's illiquidity premium: Evidence from the Taiwan stock market	35
Risk factors in the Indonesian stock market	35
Confucianism and D&O insurance demand of Chinese listed companies	35
The asymmetric innovation effects of heterogeneous government subsidies: A new perspective from GDP target deviation	34
Digital merger & acquisition and corporate innovation: Evidence from China	34
Motives for environmental and social engagement and stock liquidity: The moderating role of sustainability committees	34
Who watches what and why it matters: Attention allocation, tug-of-war, and market resiliency: A pre-registered report	34
Corporate leverage and leverage speed of adjustment: Does environmental policy stringency matter?	33
Paying for pollution: Air quality and executive compensation	33
Price limit and stock market quality: Evidence from a quasi-natural experiment in the Chinese stock market	33
Can convertible bond trading predict stock returns? Evidence from China	33
Digital transformation and corporate capital structure: Evidence from China	33
Index-tracking rigidity and arbitrage opportunities in MSCI index reconstitutions	32
The role of venture capital in promoting innovation in key & core technology companies: A pre-registered study	31
The impact of government open data platform construction on corporate capital market performance: Evidence from stock liquidity	31
The spillover effect of delisting risk on stock price synchronicity of regional peer firms	30
Leverage effect in cryptocurrency markets	30
Corporate responses to systemic risk: Talk and action	30

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

Gender culture and cross-border mergers and acquisitions: The deals with RCEP targets	16
Competition laws and corporate risk-taking around the world	16
Great Chinese famine, corporate social responsibility and firm value	16
High-dimensional portfolio optimization based on tree-structured factor model	16
Analysis of tail risk contagion among industry sectors in the Chinese stock market during the COVID-19 pandemic	15
Digital financial inclusion, traditional finance system and household entrepreneurship	15
Pricing implications of intervention and debt management in the primary market of Japanese government bonds	15
Revisiting the momentum effect in Taiwan: The role of persistency	15
How does the quality of institutions influence the cash conversion cycle of firms?	15
How do Islamic equity markets respond to good and bad volatility of cryptocurrencies? The case of Bitcoin	15
Do investors' site visits affect the price of bond issues?	15
Structural news shock, financial market uncertainty and China's business fluctuations	15
Editorial Board	15
International stock return predictability: The role of U.S. uncertainty spillover	15
Corporate financialization and investment efficiency: Evidence from China	15
Impact of perceived unlucky years on investment performance: Evidence from Chinese cultural beliefs	15
Intellectual property rights enforcement and mergers and acquisitions: Evidence from China	15
Small business owners’ Fintech credit in crises: Theory and evidence from farmers under the COVID-19	15
Whac-a-mole: China's debt policies and local debt risks	14
When they say ‘not affected’, what do they mean? Evidence from trade disputes	14
Dissecting the links among profitability, the disposition effect, and trading activity	14
Does market competition foster related party transactions? Evidence from emerging market	14
Analyzing the impact of sustainable performance on working capital management: Evidence from emerging markets	14
How do banks price carbon risk? Evidence from India	14
The nexus of peer-to-peer lending and monetary policy transmission: Evidence from the People's Republic of China	14
The impact of displaced commercial risk on the performance of Islamic banks	14
Prospect theory and mutual fund flows: Evidence from China	14
Benchmarking deep reinforcement learning approaches to trade execution	14
How are green stocks and monetary policy related?	14
Can board refreshment mitigate managerial power: New evidence from the MENA region	14
Chinese stock anomalies and investor sentiment	14
The green governance effect of retail investor attention: Evidence from China's investor interactive platforms	14
The influence of stock market liberalization on labor investment decisions: Evidence from China	13
Does the risk spillover in global financial markets intensify during major public health emergencies? Evidence from the COVID-19 crisis	13
Religion vs. ethics: Tail dependence between Sukuk, green bond, Islamic Fintech, and fourth industrial revolution assets	13
Does internal control affect firms' use of derivatives? Evidence from China	13
Financial mismatch on corporate debt default risk: Evidence from China	13
Social media sentiment contagion and stock price jumps and crashes	13
Do listed companies fulfill their public commitments? Evidence from the stake-raising commitments of Chinese companies	13
Mapping fear in financial markets: Insights from dynamic networks and centrality measures	13
ESG performance and loan contracting in an emerging market	13
Does digital tax enforcement drive corporate digitalization? Evidence from the Golden Tax Project III in China: A pre-registered report	13
Green finance policy and labor demand: Evidence from China	13
Does corporate ESG create value? New evidence from M&As in China	12
The changing face of consumer credit: Evidence from a big tech platform in China	12
Supply chain digitization and corporate maturity mismatch: Evidence from a quasi-natural experiment	12
The construction of social credit system and corporate innovation: Evidence from China	12
Foreign business exposure, policy uncertainty, and investment allocation decisions of Chinese multinational corporations	12
Relative performance evaluation and investment efficiency	12
Stock market volatility spillovers from U.S. to China: The pivotal role of Hong Kong	12
Enterprise digital transformation and return comovement of business groups	12
Is there a time-series momentum effect in the Asian crude oil futures market?	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
A shock to CEOs' external environment: terrorist attacks and CEO pay	12
Distance, information and bank lending in China	12
Anti-corruption and within-firm pay gap: Evidence from China	12
Cognitive ability and household portfolio diversification: Evidence from China	12
Navigating the “twin titans” of global manufacturing: The impact of US and China on industrial production forecasting in G20 nations	12
Factors and anomalies in the Vietnamese stock market	12
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
Intelligent manufacturing and post-pandemic growth: Evidence from China	11
Economic policy uncertainty and capital flows' tail risk in China	11
The effect of Chinese lunar calendar on individual investors' trading	11
The role of anti-tax avoidance in tax base flow and international tax competition	11
Does systemic risk affect fund managers' tail risk-taking?	11
How do credit default swap spreads react to languages?	11
Earnings management, horizon problem, and advisor posts for retiring CEOs	11
Firm performance following actual share repurchases: Effects of investment crowding out and financial flexibility	11
Information asymmetry in reinsurance through various ceded contracts	11
Dual institutional shareholders and stock price volatility——Evidence from fund investors in China	11
Relocating innovation within firms: The impact of real estate booms on innovation transfer	11
Syndicate partner composition of governmental venture capital firms: Evidence from China	10
Risk premium principal components for the Chinese stock market	10
Investor decision making within retirement savings schemes	10
Natural disasters and the real effect of skilled labor mobility	10
Geographic disparities in bank lending: Evidence from an auto loan market	10
The impact of venture capital on the development of medical and healthcare industry: Empirical analysis of Chinese A-share pharmaceutical companies	10
Mandatory internal control audits and management earnings forecast	10
Does digital transformation increase bank profit efficiency? Evidence from China	10
Concerted action agreements, corporate innovation, and financial market outcomes: A pre-registered report	10
Economic policy uncertainty, bank loan, and corporate innovation	10
Does the mixed-ownership reform of Chinese state-owned enterprises improves their total factor productivity?	10
National culture and the choice between bank debt and public debt	10
CEO-CFO tenure consistency and audit fees	10
Riding the storm: AI-driven spillover effects across technology, commodities, and conventional markets	10
Russo-Ukrainian geopolitical tensions: An empirical analysis of corporate investment in Europe	10
Can financial consumer protection promote residents' stock market participation? An investigation based on eastern China residents survey	10
Climate change exposure and stock liquidity commonality: International evidence	10
Environmental regulation, intelligent manufacturing and corporate investment & financing: Evidence from industrial robot investment	10
The impact of mandatory CSR regulation on corporate financial policy: Evidence from India	10
The crowding out effect of central versus local government debt: Evidence from China	10
Organization capital and stock price crash risk	10
COVID-19 and policy responses: Early evidence in banks and FinTech stocks	10
Judicial independence and corporate financialization: Evidence from China	10