Pacific-Basin Finance Journal

Article	Citations
Official visits and stock price crash risk	181
Pricing family leadership: Evidence from audit fees	138
Agreeing to disagree: Informativeness of sentiments in internet message boards	105
Quantile relationship between Islamic and non-Islamic equity markets	102
Bank credit to SMEs in Japan: Evidence from normal times, the global financial crisis, and the COVID-19 crisis	94
China's illiquidity premium: Due to risk-taking or mispricing?	89
Fixed asset revaluation and external financing during the financial crisis: Evidence from Korea	85
Two-step price adjustments of IPO book building in Japan	83
Local urban investment bonds and the profitability of firms	74
Long-term impacts of index reconstitutions: Evidence from the CSI 300 additions and deletions	74
Banking uncertainty and cash conversion cycle	72
Is attention-based stock buying profitable? Empirical evidence from Chinese individual investors	69
Does the investment-profitability correlation affect the factor premiums? Evidence from China	68
Does transition finance policies persistently fuel green innovation in brown firms? Investigating the roles of ESG rating and bank connection	68
The effect of Tobin's q on investment in a bank-based financial system: Evidence from Japan	66
How retail investors affect the stock market?	63
Do multiple large shareholders matter in financial firms? Evidence from China	63
Demystifying COVID-19 policy actions: The case of inflation control in ASEAN	59
Editorial Board	57
Forecasting VaRs via hybrid EVT with normal and non-normal filters: A comparative analysis from the Chinese stock market	55
Momentum investing and a tale of intraday and overnight returns: Evidence from Taiwan	55
An empirical evaluation of the salience-based asset pricing model: Evidence from Australia	55
Forecasting Chinese stock market volatility with option-implied risk aversion: Evidence from extended realized EGARCH-MIDAS approach	52
Restrictive bond covenants: Evidence from family firms in China	52
Managerial discretion over initial earnings forecasts	49

Clan culture and corporate innovation	48
Anomalies in the China A-share market	47
Domestic liquidity of cross-listed stocks: Evidence from the ADR market	47
Does corporate social responsibility reduce share price premium? Evidence from China's A- and H-shares	46
The impacts of circuit breakers on China's stock market	45
How do investors in Chinese stock market react to external uncertainty? An event study to the Sino-US disputes	45
Impact of managerial power on regulatory inquiries from stock exchanges: Evidence from the text tone of Chinese listed companies' annual reports	44
Environmental uncertainty, financing constraints and corporate investment: Evidence from China	43
Insiders' stock pledging disclosures and credit ratings: Evidence from India	43
Can Fintech development improve the financial inclusion of village and township banks? Evidence from China	42
Managerial successions and family firms' access to trade credit financing: Evidence from China	42
The conjoint effects of corporate social responsibility performance and report tone on financial constraints: Evidence from China	42
Who watches what and why it matters: Attention allocation, tug-of-war, and market resiliency: A pre-registered report	40
Trend information and cross-sectional returns: The role of analysts	40
Corporate leverage and leverage speed of adjustment: Does environmental policy stringency matter?	40
The value of family social capital in informal financial markets: Evidence from China	40
Collateral reuse as a direct funding mechanism in repo markets	40
Do M&A funds create value in Chinese listed firms?	38
An extension analysis of Amihud's illiquidity premium: Evidence from the Taiwan stock market	36
The role of financial flexibility in corporate cash donations	36
Dealership versus continuous auction: Evidence from the JASDAQ market	35
The influence of the SARS pandemic on asset prices	35
Risk factors in the Indonesian stock market	35
Reexamining the impact of closing call auction on market quality: A natural experiment from the Shanghai stock exchange	35
Linking labor with capital: How employee friendly treatment impact trade credit availability	34
Can convertible bond trading predict stock returns? Evidence from China	34
Jumps at ultra-high frequency: Evidence from the Chinese stock market	34
Motives for environmental and social engagement and stock liquidity: The moderating role of sustainability committees	33
The impact of government open data platform construction on corporate capital market performance: Evidence from stock liquidity	33
Executive pay restrictions, political promotion, and firm efficiency: Evidence from China	33
Digital transformation and corporate capital structure: Evidence from China	33
To fix or not to fix: The representativeness of the WM/R methodology that underpins the FX benchmark rates. A pre-registered report	32
Financial geographic density and corporate financial asset holdings: Evidence from China	32
Extreme illiquidity and stock returns: Evidence from Thailand market	32
Spillover effects of MSCI inclusion announcement: Evidence and implications from China	32
Do fund managers time implied tail risk? — Evidence from Chinese mutual funds	32
Heterogeneity in shareholder activism: Evidence from Japan	31
Passive investors and concentration of intraday liquidity: Evidence from the Tokyo Stock Exchange	31
Leverage effect in cryptocurrency markets	30
Paying for pollution: Air quality and executive compensation	30
Price limit and stock market quality: Evidence from a quasi-natural experiment in the Chinese stock market	30
The role of venture capital in promoting innovation in key & core technology companies: A pre-registered study	30
The asymmetric innovation effects of heterogeneous government subsidies: A new perspective from GDP target deviation	30
Confucianism and D&O insurance demand of Chinese listed companies	29
Lead investors' insider ownership and crowd investors' agency concerns in investor-led equity crowdfunding	29
Employee pension welfare and corporate risk-taking: Evidence from the enterprise annuity system in China	28
The dynamic impact of monetary policy on financial stability in China after crises	28
“Only children” and entrepreneurship in China: Spillover effects and mechanisms	28
Economic policy uncertainty and bank systemic risk: A cross-country analysis	28
Financial literacy and household financial behavior in Singapore	28

Does social network improve corporate financing efficiency? Evidence from China	27
Social trust and dividend payouts: Evidence from China	27
Muslim CEOs, risk-taking and firm performance	27
Financial stress and returns predictability: Fresh evidence from China	27
Does short-term momentum exist in China?	27
Before thrive, first survive: The impact of controlling shareholder pledging on corporate ESG performance	27
The impact of central environmental inspection on institutional ownership: Evidence from Chinese listed firms	27
Predicting financial fraud in Chinese listed companies: An enterprise portrait and machine learning approach	26
Corporate responses to systemic risk: Talk and action	26
COVID-19 vaccinations and risk spillovers: Evidence from Asia-Pacific stock markets	26
The journey is the reward: A study of corporate site visits and mutual fund performance	26
Mispricing and anomalies in China	25
Does firm financialization affect optimal real investment decisions? Evidence from China	25
Watchdogs or Petdogs: The role of media freedom on banking system stability	25
Robot adoption and firm's capacity utilization: Evidence from China	25
Conditional volatility targeting strategy considering jump effects: Evidence from sustainable ESG equity index	25
How does the COVID-19 pandemic change the disposition effect in fund investors?	24
Resurrecting the size effect in Japan: Firm size, profitability shocks, and expected stock returns	24
CEO's poverty imprints and corporate financial fraud: Evidence from China	24
Not all market participants are alike when facing crisis: Evidence from the 2015 Chinese stock market turbulence	24
Mood seasonality around the globe	24
A fresh look at the risk-return tradeoff	24
Product network and origin of common equity factor risks	23
Costly arbitrage and skewness pricing: Evidence from first-day price limit reform in China	23
Are Islamic banks more resilient to the crises vis-à-vis conventional banks? Evidence from the COVID-19 shock using stock market data	23
Sustainable finance analysis of commercial banks in China	23
Exacerbate or alleviate? Impact of controlling shareholders' share pledging on over-investment	23
Global leveraged buyout deal performance: A cross-border cross-cultural perspective	23
Board gender diversity and default risk in a bank-based financial system: A pre-registered report	22
On the side effects of mandatory gender diversity laws in corporate boards	21
Information disclosure, product market competition and payout policy	21
Vertical interlock and stock price crash risk	21
Saving for whose pocket? Divergence between employee wages and corporate cash holdings	21
The uncertainty of RMB exchange rate expectation and foreign investment: Evidence from Cross-border M&As in China	21
Involuntary political connections and private firms' tax avoidance	20
Increase or decrease: Customer digital transformation and supplier cost stickiness	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
Ownership structure and carbon emissions reduction	20
The importance of speed to corporate financial asset holdings: Evidence from high-speed rail	19
Reform of fiscal hierarchy and corporate innovation: Evidence from the ‘Province-Managing-County’ fiscal reform in China	19
Spillovers between Sukuks and Shariah-compliant equity markets	19
The effect of margin-trading and short-selling mechanism on left-tail risk: Evidence from a quasi-natural experiment in China	19
Greening through central inspection: The role of legitimacy pressure and risk-taking	19
Uneasy lies the head that wears a crown: Firm network status and market response to negative rumors	19
Competition laws and corporate risk-taking around the world	19
Editorial Board	19
Unlocking the power of roots: Local CEOs and corporate maturity mismatch	19
A study of financial market resilience in China — From a hot money shock perspective	19
International stock return predictability: The role of U.S. uncertainty spillover	19
Culture and confidence in financial knowledge testing	19
Economic policy uncertainty and corporate risk-taking: Loss aversion or opportunity expectations	19
Bank financing diversification, market structure, and stability in a dual-banking system	18
Gender culture and cross-border mergers and acquisitions: The deals with RCEP targets	18
Do remote meetings and board hierarchy impact the voting behavior of independent board directors?	18
Liquidity shock and stock returns in the Japanese equity market	18
Forecasting Chinese stock market volatility with high-frequency intraday and current return information	18
Institutional investors' information access and executive pay gaps: Evidence from corporate site visits in China	18
Does engagement by large asset managers enhance governance of target firms?	18
High-dimensional portfolio optimization based on tree-structured factor model	18
Retail investors and the behavioral component of idiosyncratic volatility	18
Do buyback anomalies explain the stock return in Japan? A pre-registered report	18
Financial literacy, debt, risk tolerance and retirement preparedness: Evidence from New Zealand	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
Board diversity and the marginal value of corporate cash holdings	17
Analysis of tail risk contagion among industry sectors in the Chinese stock market during the COVID-19 pandemic	17
Corporate financialization and investment efficiency: Evidence from China	17
Digital financial inclusion, traditional finance system and household entrepreneurship	17
Do investors' site visits affect the price of bond issues?	16
Great Chinese famine, corporate social responsibility and firm value	16
Religion vs. ethics: Tail dependence between Sukuk, green bond, Islamic Fintech, and fourth industrial revolution assets	16
How are green stocks and monetary policy related?	16
Impact of perceived unlucky years on investment performance: Evidence from Chinese cultural beliefs	16
The impact of displaced commercial risk on the performance of Islamic banks	16
Does market competition foster related party transactions? Evidence from emerging market	15
Does internal control affect firms' use of derivatives? Evidence from China	15
A shock to CEOs' external environment: terrorist attacks and CEO pay	15
Dissecting the links among profitability, the disposition effect, and trading activity	15
Structural news shock, financial market uncertainty and China's business fluctuations	15
Small business owners’ Fintech credit in crises: Theory and evidence from farmers under the COVID-19	15

How noise trading affects informational efficiency: Evidence from an order-driven market	15
Do listed companies fulfill their public commitments? Evidence from the stake-raising commitments of Chinese companies	15
Editorial Board	15
When they say ‘not affected’, what do they mean? Evidence from trade disputes	14
Labor costs and financialization of real sectors in emerging markets	14
How do banks price carbon risk? Evidence from India	14
Financial mismatch on corporate debt default risk: Evidence from China	14
The construction of social credit system and corporate innovation: Evidence from China	14
Intellectual property rights enforcement and mergers and acquisitions: Evidence from China	14
Revisiting the momentum effect in Taiwan: The role of persistency	14
Mapping fear in financial markets: Insights from dynamic networks and centrality measures	14
Does the risk spillover in global financial markets intensify during major public health emergencies? Evidence from the COVID-19 crisis	14
Chinese stock anomalies and investor sentiment	14
Political uncertainty and A-H share premium	14
Pricing implications of intervention and debt management in the primary market of Japanese government bonds	14
Green finance policy and labor demand: Evidence from China	14
Social media sentiment contagion and stock price jumps and crashes	14
Industry and geographic peer effects on corporate tax avoidance: Evidence from China	14
Does digital tax enforcement drive corporate digitalization? Evidence from the Golden Tax Project III in China: A pre-registered report	14
FinTech innovation regulation based on reputation theory with the participation of new media	14
Technical expert CEOs and corporate innovation	13
Is there a time-series momentum effect in the Asian crude oil futures market?	13
Return predictability of short-selling and financial distress firms: Evidence from Korean stock market	13
The effect of Chinese lunar calendar on individual investors' trading	13
Geographic disparities in bank lending: Evidence from an auto loan market	13
Information bias and its spillover effect on return volatility: A study on stock markets in the Asia-Pacific region	13
Prospect theory and mutual fund flows: Evidence from China	13
Predictive ability of similarity-based futures trading strategies	13
Foreign business exposure, policy uncertainty, and investment allocation decisions of Chinese multinational corporations	13
Time-varying asymmetric tail dependence of international equities markets	13
ESG performance and loan contracting in an emerging market	13
National culture and the choice between bank debt and public debt	13
Information asymmetry in reinsurance through various ceded contracts	13
Earnings management, horizon problem, and advisor posts for retiring CEOs	13
Relative performance evaluation and investment efficiency	13
The changing face of consumer credit: Evidence from a big tech platform in China	12
Can high speed railway curb tunneling? Evidence from the independent directors' monitoring effect in China	12
The role of angel investment for technology-based SMEs: Evidence from China	12
Prospect theory and stock returns: Evidence from foreign share markets	12
CEO-CFO tenure consistency and audit fees	12
Talk less and do more: Expected strategic adjustments vs. actual changes in the Chinese firms	12
Factors and anomalies in the Vietnamese stock market	12
Navigating the “twin titans” of global manufacturing: The impact of US and China on industrial production forecasting in G20 nations	12
COVID-19 and policy responses: Early evidence in banks and FinTech stocks	12
The evolution of bank revenue and risk in the Asia-Pacific Region	12
The role of anti-tax avoidance in tax base flow and international tax competition	12
Does systemic risk affect fund managers' tail risk-taking?	12
Distance, information and bank lending in China	12
Cognitive ability and household portfolio diversification: Evidence from China	12
Does corporate ESG create value? New evidence from M&As in China	12
Enterprise digital transformation and return comovement of business groups	11
Firm performance following actual share repurchases: Effects of investment crowding out and financial flexibility	11
Economic policy uncertainty and capital flows' tail risk in China	11
The impact of venture capital on the development of medical and healthcare industry: Empirical analysis of Chinese A-share pharmaceutical companies	11
Russo-Ukrainian geopolitical tensions: An empirical analysis of corporate investment in Europe	11
The crowding out effect of central versus local government debt: Evidence from China	11
Supply chain digitization and corporate maturity mismatch: Evidence from a quasi-natural experiment	11
Stock markets, local governments leverage, and regional economic development: Evidence from China	11
The risk-return relation puzzle	11
Stock market volatility spillovers from U.S. to China: The pivotal role of Hong Kong	11
Anti-corruption and within-firm pay gap: Evidence from China	11
Economic policy uncertainty and corporate innovation: Evidence from China	11
Mandatory internal control audits and management earnings forecast	11
Syndicate partner composition of governmental venture capital firms: Evidence from China	11
How does digital inclusive finance promote the financial performance of Chinese cultural enterprises?	10
CEO inside debt and downside risk: Evidence from internal and external environments	10
Risk premium principal components for the Chinese stock market	10
When do venture capital and startups team up? Matching matters	10
Does digital transformation increase bank profit efficiency? Evidence from China	10
The asymmetric effect of information shock on overnight and intraday expected returns: Evidence from Chinese A-share stock market	10
Economies of scope in the Japanese banking industry	10
Microfinance institutions and Peer-to-Peer lending: What does microfinance competition bring?	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
To outperform: Sell-in-May enhanced with bond investments	10
The impact of mandatory CSR regulation on corporate financial policy: Evidence from India	10
Concerted action agreements, corporate innovation, and financial market outcomes: A pre-registered report	10
Investor decision making within retirement savings schemes	10
Economic policy uncertainty, bank loan, and corporate innovation	9
Does the mixed-ownership reform of Chinese state-owned enterprises improves their total factor productivity?	9
Modernising operational risk management in financial institutions via data-driven causal factors analysis: A pre-registered study	9
Commodity factor investing via machine learning	9
Editorial Board	9
High-Speed Rail Launch: A Natural Experiment on Geographic Location and Cash Dividends	9
Environmental, social and governance performance and credit risk: Moderating effect of corporate life cycle	9
Guaxi and financial exclusion: Empirical evidence from households in China	9
Network connectedness of the term structure of yield curve and global Sukuks	9
An imprecise pricing model for Asian options based on Nonparametric predictive inference	9
How is the change in left-tail risk priced in China?	9
The impact of the Pitching Research Framework on AFAANZ grant applications: A pre-registered study	9
Organization capital and stock price crash risk	9
Time-varying risk spillovers between renewable energy and Islamic stock markets: Evidence from the Russia-Ukraine conflict	9
Extrapolation and option-implied kurtosis in volatility forecasting	9
Outbreak risk, managerial distraction, and corporate information disclosure: Evidence from the COVID-19 pandemic	9
Do political preferences shape retail investors' decisions? Evidence from the Taiwan stock market	9