Pacific-Basin Finance Journal

1993 - 2025

Current editor(s): K. Chan and S. Ghon Rhee

From Elsevier
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Volume 93, issue C, 2025

To fix or not to fix, the Fix: Reassessing the effectiveness of the 4 pm Fix. A pre-registered study

Matteo Benenchia, Luca Galati and Andrew Lepone

Patents as loan collateral: Evidence from China

Lisheng Yu, Yanyan Wang, Yangyang Yu and Rui Xu

Extreme high temperatures and corporate green innovation: Evidence from China

Meng Li, Jing Zhang and Tiecheng Leng

Who knows more? The role of structural hole spanners in accurate information identification on social media

Man Guo, Wen Long, Yanqiang Zhong and Wei Zhang

From savings to investments: How retirement consumption expectations shape household risky financial asset allocation

Peng Jing, Shuchen Zhao and Minglu Wang

Generative AI: The transformative impact of ChatGPT on systemic financial risk in Chinese banks

Yikai Zhao, Runyu Dai and Jun Nagayasu

Artificial intelligence and financial fraud

Guanglin Sun, Zhencheng Ling, Yanru Li and Chang Xie

Bank loan availability and corporate cash holdings of unlisted firms

Eriko Naiki and Yuta Ogane

Moderating effect of the capital structure on the idiosyncratic risk and market performance of listed firms

Samuel Lyncon Leandro de Lima, Tarcísio Pedro da Silva and Manuel José da Rocha Armada

Power of decomposition in volatility forecasting for Bitcoins

Prakash Raj, Koushik Bera and N. Selvaraju

Do creditors value board ownership representativeness? Evidence from trade credit: A pre-registered report

Fuxiu Jiang and Jia Ma

Impacts of China's social credit reform on firm investment efficiency: Evidence from a quasi-natural experiment in China

Xuecheng Wang and Fafu Zhang

ESG rating disagreement and dynamic capital structure adjustment

Yifan Yang and Yi Deng

Riding the storm: AI-driven spillover effects across technology, commodities, and conventional markets

Muhammad Abubakr Naeem, Raazia Gul, Nadia Arfaoui, Walid Bakry and Muhammad Ishaq Bhatti

Greenwashing and ESG: Bibliometric analysis and future research agenda

Pritpal Singh Bhullar, Mahesh Joshi, Sharad Sharma, Amanpreet Kaur and Duc Phan

Employee satisfaction, firm performance, and stock returns: Evidence from the Korean stock market

Jaewan Bae and Yu Sung Ha

The green governance effect of retail investor attention: Evidence from China's investor interactive platforms

Zhenyi Yang, Rijing Lu, Rui Lu and Qi Yan

Can digital finance foster green innovation in short-term debt for long-term investment firms?

Long Tang, Yanbing Wen and Yan Jiang

From connect to conquer: capital market liberalization and Chinese firms' cross-border mergers and acquisitions

Mobing Jiang, Xinyu Chen, Mingyue Xiao, Yuning Zhang, Wu Wen and Xiaohua Chen

An empirical investigation of ESG dimensions and bank performance: Evidence from the COVID-19 crisis

An-Chi Liu, Yung-Chih Lien and Yang Li

The liquidity effect of media coverage: International evidence11We would like to thank the members of the UE-UD Teaching and Research Team in Corporate Finance and Asset pricing (TRT-CFAP) for their helpful comments. We thank Bohui Zhang for sharing some of the data. Part of this research was conducted while Tung Lam Dang was a visiting scholar at the Kelley School of Business, Indiana University. This research is funded by Vietnam National Foundation for Science and Technology Development (NAFOSTED) under grant number 502.02–2020.313

Thi Hong Hanh Huynh and Tung Lam Dang

Price formation around historical highs in retail-dominated stock markets: Evidence from Taiwan

ShaoChen Lee and Robin K. Chou

Economic uncertainty and innovation capability: Corruption as a barrier to innovation output

Yunpeng Sun, Yaman Omer Erzurumlu and Giray Gozgor

Managerial ownership pays off: Controlling shareholders' share pledging and corporate innovation quality in China

Bei Liu, Yuan Wang, Lufei Yang and Huabin Bian

CVaR-based risk parity model with machine learning

Jiliang Sheng, Lanxi Chen, Huan Chen and Yunbi An

Corporate social responsibility disclosure quality and the agency problem: Evidence from a mandatory disclosure setting

Rajiv Nair, Mohammad Muttakin, Arifur Khan, Nava Subramaniam and V.S. Somanath

The influence of stock market liberalization on labor investment decisions: Evidence from China

Hanying Li, Shiguang Ma and Xiaofei Pan

The unintended cost of financial regulation in China: The impact of the new regulation on asset management on private firms' credit spreads

Chuang Lu, Tingyu Zhao and Yuhao Niu

Collusive bidding: Evidence from China’s IPO bookbuilding mechanism reform

Xiaping Cao, Yintian Wang and Yuxi Wen

Gender of loan officers and loan performance: A pre-registered report

Mingwei Chen, Kangyi Xu, Di Gong and Hongyu Guo

Foreign branch and bank lending decisions: Evidence from high-risk borrowers

Xufeng Wu, Ying-Chen Huang and Chih-Yung Lin

From accountability to transparency: The role of collective litigation in enhancing corporate information disclosure

Wangbo Gao, Zicheng Zhang, Pinglin He and Xuewu Wang

The spillover effect of dishonesty across markets: PEP fund reallocation and bond rating

Yong Huang, Yifang Lu, Yinghui Chen and Kong Meng

The effect of mutual fund herding on stock mispricing

Wenjun Xue, Zhongzhi He and Xin Yun

To break or not to break: price discovery in morning and afternoon call auctions

Tanakorn Likitapiwat, Chi Chih Huang, Sirimon Treepongkaruna and Christine X. Jiang

How air pollution influences corporate credit spreads: A pre-registered report

Yunbiao Ma, Jingcong Shao and Beibei Shi

Nonlinear effects of shadow banking on banks' systemic risk

Min Huang, Hai Jiang and Shaohua Zhang

The dark side of investor protection: The case of innovation

Huiqin Duan, Yang Li and Liuchuang Li

Navigating competitive pressures: The impact of banking competition on corporate short-term borrowing for long-term investment

Shaokang Xu

Exceed your duty: The substitution effect of minority investor governance on institutional site visits

Ke Liao, Yi Si and Xinyu Zhu

Enhancing stock market return predictability by using a novel autoencoder-based aggregate EPU index

Xiao-Xin Li, Chi Xie, Gang-Jin Wang, You Zhu, Zhao-Chen Li and Zhi-Yu Zhang

Measuring the association between short selling and price efficiency: A new stock-level analysis

Yumi Park and Sangwon Suh

Foreign investor trading, local investor mimicry and stock price volatility

Xingxin Zheng, Yuanyuwei Gao, Haitong Li and Xiangyang Zhao

Greedy CEOs and IPO underpricing: Evidence from China

Tao Chen

Artificial intelligence and stock price crash risk: Evidence from China: A pre-registered report

Bai Xiao and Zhao Wenyao

Managerial ability and R&D spending stickiness: Evidence from China

Fangjun Wang, Jiayue Xie, Mark Anderson, Jiyuan Li and Junqin Sun

How do investors trust mutual funds in cliques: Case in China

Xiaojun Liu, Hongbing Ouyang and Jingqi Chen

Predicting bond risk premiums with machine learning: Evidence from China

Bailin Chai, Fuwei Jiang, Yihao Lin and Tian You

Relocating innovation within firms: The impact of real estate booms on innovation transfer

Zhanyu Dong, Xuchao Li, Yingying Li and Jietong Lin

CSR and exposure to systemic risk: Building resilience in non-financial firms

Neeru Chaudhry and Priya Dhawan

It is a marathon, not a sprint: The impact of supply chain finance on firms’ short-term debt for long-term investments

Jun Bu, Yanfeng Chang, Tianlun Fei and Xueying Li

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

Hejie Zhang and Hongzhong Fan

Southbound capital flows and stock return predictability

Tian Ding, Wenjing Song, Jiangze Bian and Ge Zhang

Automation and stock market participation

Weilu Meng, Weijie Lu, Gecheng Yuan and Li Zhou

Corporate green transformation and bankruptcy risk: Empirical evidence from Chinese manufacturing firms

Yong Li, Lulu Qin and Zixiang He

Latent factor models for the Chinese commodity futures markets

Yanchu Liu, Heyang Zhou and Haisheng Yang

A performance index consistent with fractional-order stochastic dominance

Tzu-Ying Chen, Yi-Ting Chen, Rachel J. Huang and Larry Y. Tzeng

Taming the factor zoo in China’s equity market: A Bayesian approach

Jie Mao, Xiaobao Xia and Haotian Zhuo

Boardroom gender diversity and dividend payouts in Japan's bank-based financial system: A pre-registered report

Hideaki Sakawa, Naoki Watanabel, Junjian Gu and Searat Ali

Corrigendum to “Mapping fear in financial markets: Insights from dynamic networks and centrality measures. Volume 85 (2024) 1–24, 102368”

Muhammad Abubakr Naeem, Arunachalam Senthilkumar, Nadia Arfaoui and Rajesh Mohnot

Digital transformation and corporate diversification

Jin Roc Lv, Chenghui Ye and Chen Yang

Government procurement and stock price synchronicity

Ning Wang, Guowan Yan and Yixin Zeng

From academia to the courtroom: Impact of academic executives on corporate litigation risk

Ping Liu, Hanxiong Zhang, Zhongxiang Xu and Kai Xing

Targeted fiscal policy and corporate investment: Evidence from the special bonds in China

Qiang Liu, Yidan Mao, Yefeng Zhang and Zhengling Xiong

Lost in excess capital: Labor market consequences of IPO oversubscription in China

Ruitao Li, Yanchun Xia, Taisen He and Xiaobing Peng

Index-tracking rigidity and arbitrage opportunities in MSCI index reconstitutions

Xin Chang, Jiang Luo, Jiaxin Peng, Shuoge Qian and Choon Wee Tan

Safe-haven currencies under rare disaster risk: A pre-registered report

Xiaowei Huang, Zhuoshi Zhang and Li Du

Corporate unity culture and executives' pay-performance sensitivity: Evidence from China

Rongli Yuan and Na Jiang

Dual institutional shareholders and stock price volatility——Evidence from fund investors in China

Ning Ding, Kai Wang and Chenbo Wang

Global stock market forecasting: Insights from series and parallel combination of machine learning models

Lingbing Feng, Yuhao Zheng, Xinyi Wang, Chuan Guo and Rui Xue

Ownership acceleration and the volume volatility-return link: Evidence from China

Xiaoyan Lei and Yuegang Zhou

Financial constraints, cash flow timing patterns, and asset prices in the australian market

Di Mo, Xiao Tian and Angel Zhong

Do corrupt practices lead to increased cash holdings in firms? International evidence

Rajabrata Banerjee, Kartick Gupta, Hien Duc Han and Chandrasekhar Krishnamurti

Can financial consumer protection promote residents' stock market participation? An investigation based on eastern China residents survey

Qinghai Li, Hao Li and Qian Li