Pacific-Basin Finance Journal

Article	Citations
Pricing family leadership: Evidence from audit fees	211
Bank credit to SMEs in Japan: Evidence from normal times, the global financial crisis, and the COVID-19 crisis	123
China's illiquidity premium: Due to risk-taking or mispricing?	108
Banking uncertainty and cash conversion cycle	107
Is attention-based stock buying profitable? Empirical evidence from Chinese individual investors	95
Demystifying COVID-19 policy actions: The case of inflation control in ASEAN	91
The effect of Tobin's q on investment in a bank-based financial system: Evidence from Japan	83
Editorial Board	82
An empirical evaluation of the salience-based asset pricing model: Evidence from Australia	79
Forecasting VaRs via hybrid EVT with normal and non-normal filters: A comparative analysis from the Chinese stock market	79
Forecasting Chinese stock market volatility with option-implied risk aversion: Evidence from extended realized EGARCH-MIDAS approach	77
Restrictive bond covenants: Evidence from family firms in China	76
Does the investment-profitability correlation affect the factor premiums? Evidence from China	72
Momentum investing and a tale of intraday and overnight returns: Evidence from Taiwan	66
How retail investors affect the stock market?	63
Agreeing to disagree: Informativeness of sentiments in internet message boards	61
Two-step price adjustments of IPO book building in Japan	59
Foreign branch and bank lending decisions: Evidence from high-risk borrowers	59
Digital empowered business environment and enterprise innovation: Evidence from China	58
How do investors in Chinese stock market react to external uncertainty? An event study to the Sino-US disputes	58
Do multiple large shareholders matter in financial firms? Evidence from China	56
The impacts of circuit breakers on China's stock market	56
Domestic liquidity of cross-listed stocks: Evidence from the ADR market	55
Local urban investment bonds and the profitability of firms	54
Insiders' stock pledging disclosures and credit ratings: Evidence from India	52

Long-term impacts of index reconstitutions: Evidence from the CSI 300 additions and deletions	50
Does transition finance policies persistently fuel green innovation in brown firms? Investigating the roles of ESG rating and bank connection	49
Managerial discretion over initial earnings forecasts	49
Clan culture and corporate innovation	49
Official visits and stock price crash risk	48
Can Fintech development improve the financial inclusion of village and township banks? Evidence from China	46
Quantile relationship between Islamic and non-Islamic equity markets	46
Impact of managerial power on regulatory inquiries from stock exchanges: Evidence from the text tone of Chinese listed companies' annual reports	46
Anomalies in the China A-share market	46
Environmental uncertainty, financing constraints and corporate investment: Evidence from China	46
The conjoint effects of corporate social responsibility performance and report tone on financial constraints: Evidence from China	43
Collateral reuse as a direct funding mechanism in repo markets	42
Do M&A funds create value in Chinese listed firms?	42
Trend information and cross-sectional returns: The role of analysts	42
The role of financial flexibility in corporate cash donations	41
Risk factors in the Indonesian stock market	40
Reexamining the impact of closing call auction on market quality: A natural experiment from the Shanghai stock exchange	40
Dealership versus continuous auction: Evidence from the JASDAQ market	39
An extension analysis of Amihud's illiquidity premium: Evidence from the Taiwan stock market	39
To fix or not to fix: The representativeness of the WM/R methodology that underpins the FX benchmark rates. A pre-registered report	38
Extreme illiquidity and stock returns: Evidence from Thailand market	38
Financial geographic density and corporate financial asset holdings: Evidence from China	38
Can convertible bond trading predict stock returns? Evidence from China	38
Does judicial procedure reform affect firms' access to trade credit? Evidence from China	38
Linking labor with capital: How employee friendly treatment impact trade credit availability	38
Do fund managers time implied tail risk? — Evidence from Chinese mutual funds	37
Leverage effect in cryptocurrency markets	37
Spillover effects of MSCI inclusion announcement: Evidence and implications from China	36
Heterogeneity in shareholder activism: Evidence from Japan	36
Passive investors and concentration of intraday liquidity: Evidence from the Tokyo Stock Exchange	36
Digital merger & acquisition and corporate innovation: Evidence from China	35
Do firms accumulate cash balances through financing persistent negative cash flows? Evidence from China	35
Editorial Board	34
Corporate leverage and leverage speed of adjustment: Does environmental policy stringency matter?	34
Jumps at ultra-high frequency: Evidence from the Chinese stock market	34
Who watches what and why it matters: Attention allocation, tug-of-war, and market resiliency: A pre-registered report	33
The role of venture capital in promoting innovation in key & core technology companies: A pre-registered study	32
Price limit and stock market quality: Evidence from a quasi-natural experiment in the Chinese stock market	32
Executive pay restrictions, political promotion, and firm efficiency: Evidence from China	32
The value of family social capital in informal financial markets: Evidence from China	32
Motives for environmental and social engagement and stock liquidity: The moderating role of sustainability committees	31
The asymmetric innovation effects of heterogeneous government subsidies: A new perspective from GDP target deviation	31
Paying for pollution: Air quality and executive compensation	31
Confucianism and D&O insurance demand of Chinese listed companies	31
Employee pension welfare and corporate risk-taking: Evidence from the enterprise annuity system in China	30
The impact of government open data platform construction on corporate capital market performance: Evidence from stock liquidity	30
Measuring the association between short selling and price efficiency: A new stock-level analysis	30
Financial stress and returns predictability: Fresh evidence from China	30
Digital transformation and corporate capital structure: Evidence from China	30
Financial literacy and household financial behavior in Singapore	30

Muslim CEOs, risk-taking and firm performance	30
The peer effects of corporate social responsibility in China: A pre-registered study	30
The journey is the reward: A study of corporate site visits and mutual fund performance	29
Optimization-based spectral end-to-end deep reinforcement learning for equity portfolio management	29
Mispricing and anomalies in China	29
Does short-term momentum exist in China?	29
The dynamic impact of monetary policy on financial stability in China after crises	28
Before thrive, first survive: The impact of controlling shareholder pledging on corporate ESG performance	28
Watchdogs or Petdogs: The role of media freedom on banking system stability	28
COVID-19 vaccinations and risk spillovers: Evidence from Asia-Pacific stock markets	28
Predicting financial fraud in Chinese listed companies: An enterprise portrait and machine learning approach	27
Corporate responses to systemic risk: Talk and action	27
Lead investors' insider ownership and crowd investors' agency concerns in investor-led equity crowdfunding	27
Does social network improve corporate financing efficiency? Evidence from China	27
The impact of central environmental inspection on institutional ownership: Evidence from Chinese listed firms	25
Corporate green transformation and bankruptcy risk: Empirical evidence from Chinese manufacturing firms	25
“Only children” and entrepreneurship in China: Spillover effects and mechanisms	25
Robot adoption and firm's capacity utilization: Evidence from China	25
Social trust and dividend payouts: Evidence from China	24
Does firm financialization affect optimal real investment decisions? Evidence from China	24
Economic policy uncertainty and bank systemic risk: A cross-country analysis	24
Conditional volatility targeting strategy considering jump effects: Evidence from sustainable ESG equity index	24
A fresh look at the risk-return tradeoff	24
Not all market participants are alike when facing crisis: Evidence from the 2015 Chinese stock market turbulence	23
Mood seasonality around the globe	23
Resurrecting the size effect in Japan: Firm size, profitability shocks, and expected stock returns	23
Information disclosure, product market competition and payout policy	22
How does the COVID-19 pandemic change the disposition effect in fund investors?	22
Saving for whose pocket? Divergence between employee wages and corporate cash holdings	22
Vertical interlock and stock price crash risk	22
Product network and origin of common equity factor risks	22
Increase or decrease: Customer digital transformation and supplier cost stickiness	21
On the side effects of mandatory gender diversity laws in corporate boards	21
Involuntary political connections and private firms' tax avoidance	21
The effect of margin-trading and short-selling mechanism on left-tail risk: Evidence from a quasi-natural experiment in China	21
Greening through central inspection: The role of legitimacy pressure and risk-taking	21
Spillovers between Sukuks and Shariah-compliant equity markets	21
Sustainable finance analysis of commercial banks in China	21
Uneasy lies the head that wears a crown: Firm network status and market response to negative rumors	21
Ownership structure and carbon emissions reduction	21
Exacerbate or alleviate? Impact of controlling shareholders' share pledging on over-investment	20
Which investor corrects mispricing around earnings announcements?	20
Board gender diversity and default risk in a bank-based financial system: A pre-registered report	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	20
The importance of speed to corporate financial asset holdings: Evidence from high-speed rail	20
A study of financial market resilience in China — From a hot money shock perspective	20
News sentiment and the cost of debt	20
Economic policy uncertainty and corporate risk-taking: Loss aversion or opportunity expectations	19
Global leveraged buyout deal performance: A cross-border cross-cultural perspective	19
Reform of fiscal hierarchy and corporate innovation: Evidence from the ‘Province-Managing-County’ fiscal reform in China	19
Unlocking the power of roots: Local CEOs and corporate maturity mismatch	19
Editorial Board	19
CEO's poverty imprints and corporate financial fraud: Evidence from China	19
The uncertainty of RMB exchange rate expectation and foreign investment: Evidence from Cross-border M&As in China	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	19
Digital financial inclusion, traditional finance system and household entrepreneurship	18
Does engagement by large asset managers enhance governance of target firms?	18
Institutional investors' information access and executive pay gaps: Evidence from corporate site visits in China	18
Do remote meetings and board hierarchy impact the voting behavior of independent board directors?	18
Culture and confidence in financial knowledge testing	18
Retail investors and the behavioral component of idiosyncratic volatility	18
High-dimensional portfolio optimization based on tree-structured factor model	18
Analysis of tail risk contagion among industry sectors in the Chinese stock market during the COVID-19 pandemic	18
Forecasting Chinese stock market volatility with high-frequency intraday and current return information	18
Liquidity shock and stock returns in the Japanese equity market	17
Gender culture and cross-border mergers and acquisitions: The deals with RCEP targets	17
Do buyback anomalies explain the stock return in Japan? A pre-registered report	17
Great Chinese famine, corporate social responsibility and firm value	17
Should managers be incentivized with stock or options? Evidence from China	17
How do Islamic equity markets respond to good and bad volatility of cryptocurrencies? The case of Bitcoin	17
International stock return predictability: The role of U.S. uncertainty spillover	17
Financial literacy, debt, risk tolerance and retirement preparedness: Evidence from New Zealand	17
Board diversity and the marginal value of corporate cash holdings	17
Competition laws and corporate risk-taking around the world	17
Exceed your duty: The substitution effect of minority investor governance on institutional site visits	17
Impact of perceived unlucky years on investment performance: Evidence from Chinese cultural beliefs	16
Structural news shock, financial market uncertainty and China's business fluctuations	16
Do investors' site visits affect the price of bond issues?	16
Editorial Board	16

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