Pacific-Basin Finance Journal

1993 - 2026

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

From Elsevier
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Volume 99, issue C, 2026

Economic uncertainty, supply chain transmission, and corporate effective investment

Wenpeng Chen, Jiahui Cheng and Kai Zhan

Do ETFs weaken analysts' forecasts? Evidence from China

Ning Tang, Yiping He, Fangzhao Zhou and Chih-Yung Lin

How volatility model specification affects volatility targeting performance: Evidence from Taiwan

-Wei Huang and Sharon S. Yang

Small trades, order splitting, and stock returns: Evidence from China's stock markets

Xiangshan Lei, Dongmin Kong and Limin Xu

State-owned capital and debt default risk: Evidence from private enterprises

Xiaoxia Liu, Yuanyuan Yang and Qian Sun

FOF solution selection and application using interpretable machine learning models

Junchuan Wu, Yixiang Su and Yingbin Chen

Capturing risk Premia in the Taiwanese market: A characteristic-free approach

Kendro Vincent, Ching-Ting Lin, Kuei-Feng Tsai and Shun-Fa Wu

Income uncertainty, household debt default, and macroeconomic fluctuations

Kai Zhan, Weixia Zhong and Hao Liu

Chinese stock return predictability: A time–frequency and shrinkage modeling approach

Jianhao Xue, Binjie Wang, Xin-Yu Peng and Chi Keung Lau

Artificial intelligence and supply chain finance: Evidence from China11Dr. Jingxia Chai is currently an associate professor at School of Economics and Management, Yan'an University. Her research focuses on macroeconomics, business economics, ecological economics, and energy economics.Ms. Jiaqian Wang is currently a postgraduate student in finance at the School of Economics and Management, Yan'an University.Dr. Qicheng Yang is currently an assistant professor at School of Public Administration, Zhongnan University of Economics and Law. His research focuses on finance and energy economics

Jingxia Chai, Jiaqian Wang and Qicheng Yang

Does national culture affect cash holdings of social enterprises? Evidence from microfinance institutions

Shahadat Hossain, Md Mosharraf Hossain and Lee A. Smales

FinTech development and financial system stability in South Africa

Isaac Otchere, Mohammad Ziaur Rahman and Witness Simbanegavi

The price of timing: Sequenced cross-listings and market discovery in Chinese ADRs

Yaseen S. Alhaj-Yaseen, Andrew Rowland, John George and Douglas Bice

Stock market reaction to operational risk disclosures: Evidence from LLMs-based textual analysis

Congcong Bo, Dehua Shen and Yuzhao Zhang

Act or hesitate? Investor sentiment divergence and informed trading

Jiageng Huang and Nianhua Zhang

Thirty-two years of foreign investors in Korea

Kwangsoo Ko

When regulations recede: Corporate governance and the divergent performance of firms

Yimeng Zhu, Xiaoyu Zhu and Yuxiao Luo

Wisdom of crowds: General ability of family firm sibling management teams and M&A activities

Yunzhu Lu, Rongrong Xie and Rujia Lan

Digital technology, managerial power, and executive compensation: Evidence from China

Dongmin Kong, Zhiyang Lin and Yifan Zhang

How geopolitical risk affects analyst behaviours: Evidence from China

Yinglun Zhu, Zhenkai Wang, Xiaolan Huang, Jie Liu, Zhenshan Chen and Yingying Xu

Perceived uncertainty and family control

Lihua Qin, Fen Qi, Guangli Zhang and Yun Chen

Regulatory shareholding and its monitoring role in corporate governance performance: Evidence from China

Haoliang Fu, Fan Hu and Meizhen Luo

Patriotic sentiment and stock excess returns: Evidence from the exogenous shock of Huawei-Meng Wanzhou incident

Xiulu Huang, Yiyang Cheng and Pengfei Ge

Breaking the invisible shield: Judicial independence against related-party transactions

Guoqing Ge, Xiaohui Jia, Qiang Liu and Jing Zeng

The role of customer stability in corporate trade credit provision

Youcong Chao, Fang Hu, Guowan Yan and Jing Yang

Bankruptcy court enforcement and corporate debt allocation efficiency: Evidence from a quasi-natural experiment in China

Jiaqiong He, Siyu Fan, Guilong Cai and Xin Li

Public data access and corporate digital transformation

Zhen Cao, Chunxiao Geng and Yinwei Liu

Does information technology governance affect banks' risk-taking behavior? Evidence from China

Mingming Huang, Edward Lee, Xinwu Li, Baiqiang Wang and Liyi Zhu

R&D tax incentives and corporate cash holdings: Evidence from a quasi-natural experiment in China11All authors have contributed equally, and their names are listed alphabetically. This research received financial support from the National Social Science Fund of China [No.: 24BGL060], the National Natural Science Fund of China [No.: 72462021 and 72462022], and Jiangxi Province Social Science Fund [No.: 24YJ06]. We also thank Xinyu Ren, Zheng Wanqian, and Zijun Zeng for excellent research assistance

Bohang Gu, Huan Li, Jin Roc Lv and Chen Yang

The impact of firm size distribution on digital lending development: A pre-registered report

Shiyu Xu and Yiping Huang

Surveillance action: Examining its efficacy and its relationship with earnings management and corporate governance

Bharati Singh

R&D information disclosure format and price efficiency

Jiayue Zhao and Jiayi Yan

Decoding peer effects: The role of information in Chinese household financial investments

Juncong Guo and Xi Qu

Stock repurchases and market efficiency: Evidence from Hong Kong

Wenhao Li

The Russia-Ukraine conflict and its impact on Moscow exchange-traded futures

Ekaterina E. Emm, Gerald D. Gay, Han Ma and Honglin Ren

Beyond tradition: Labor, wealth and inflation in rethinking asset pricing in Japan

Rubén Lago-Balsalobre, Javier Rojo-Suárez, Ana B. Alonso-Conde and Vítor Gabriel

Information disclosure and IPO underpricing: A textual analysis of prospectuses under China's registration reform

Zailin Xu, Mei Yu and Shuo Li

Does virtual hype matter for real estate in the AI era?

Yang Qicheng, Chun-Ping Chang and Hua-Tang Yin

Pre-trade transparency in opaque dealer markets

Xiaolu Hu, Shyam Venkatesan and Yvonne Fang

Comparing factor models across different market regimes: Evidence from China

Xinyu Wang, Shaoping Wang and Hao Feng

Does improved IPO access stimulate venture capital? Evidence from China's registration-based reform

Xiaoyun Li, Bing Zhang and Kangxing Yu

Navigating the tides of change: The impact of corporate government policy alignment on firm performance

Ningzhi Wang, Xinyu Zhu, Yunyang Gu, Ying Liu and Jian Zhang

Patient capital investment and supply chain resilience: Evidence from Chinese listed companies

Minghui Han, Jie Zou, Xueqi Zhao and Xiaowen Jie

Urban agglomeration, comprehensive financial development, and market segmentation

Yefang Yuan, Dier Huang, Jiangchen Yan and Rui Zhou

Public health insurance and firm leverage

Jian Zhang, Jun Qiao, Wenruo Wu and Dongmin Kong

Social embeddedness and supplier distribution: Evidence from hometown-based business associations in China

Hengxin Zhang, Dongmin Kong, Weimin Xie and Ruixuan Dong

Legal roots and financial stability: Unraveling the impact of legal systems on asset correlations and capital adequacy

Kung-Cheng Ho, Shih-Cheng Lee, Scarlett S. Luo and Ken L. Pan

Information acquisition, risk perception, and lottery stock trading: The dual effects of investor education in China

Feng Li, Dejia Yuan and Xiaomeng Lu

Gender gap in online institutional lending

Qingen Gai, Yun Ge, Chengzheng Li and Xiang Ma

Can Fintech development enhance corporate resilience? Evidence from China

Jiayu Wan, Sijia Li, Bin Li and Yinghui Tan

Does tick size influence high-frequency herding? Evidence from the Japanese equity market

Hongyu Zhu, Ryuichi Yamamoto, Xijuan Xiao and Qin Li

Supply chain digitalization and corporate investment-financing maturity mismatch

Zhihao Yang, Xiaoqiang Zhi, Daosheng Xu and Yue Song

Economic transition of resource-exhausted cities and local government financing costs: Evidence from municipal corporate bonds in China

Hongyi Dong, Haoyu Gao and Yujing Wang

Spousal co-governance and innovation investment in family firms: Evidence from China

Tingting Zhang, Guoqing Wang and Zhifeng Liu

Innovation distance, deal size, and market reaction: Evidence from cross-province acquisitions

Junjian Gu

Climate policy uncertainty and corporate real investment: Evidence from China

Biao Guo, Chuyu Jiang, Mengyao Qin and Guoqi Yuan

How analyst forecast affects liquidity management: Evidence from supplier–customer networks

Jilong Chen, Ye He and Li Li

When origins become liabilities: Restructured family firms and trade credit access

Weiping Li, Hanfang Zhang and Jingjing Xia

A multi-dimensional assessment of China's macroeconomic resilience under external uncertainty shocks

Guozhi Wang and Xiangjie Kong

Research on the spillover effects of multidimensional external uncertainty shocks on China's systemic financial risks — From the perspective of cross-market transmission of financial risks

Guozhi Wang and Xinran Cheng

Regulatory tightening and corporate risk-taking: Evidence from China's asset-management rules

Han Long, Chun-Ping Chang and Hai-Jie Wang

Industrial robots and corporate trade credit

Haixiang Wei and Xuanhao Huang

Does the “iron rice bowl” increase household financial risk-taking? Evidence from China

Zhiyu Lyu, Xu Zhang and Abdul Rauf

Climate risk disclosure and corporate bank debt financing: A pre-registered report

Xiao Bai, Wenyao Zhao and Yali Cao

Monitoring or collusion: The impact of institutional investors' site visits on corporate greenwashing

Jiaqi Ning, Hui Liu, Ying Zhang and Ming Jia

Local gambling culture and corporate digital transformation in China: A pre-registered report

Haixiang Yao, Meizhen Luo, Haoye Liang and Zhaojun Sun

Engineer executives, corporate innovation, and firm value

Kai Xie, Jianyi Liu, Fang Qin, Jiaying Li and Jun Ouyang

Empirical study on the impact of commercial credit on cross-financial risk

Yonggang Wu, Yanfang Wang and Jixin Li

Built to last: The impact of controllers' surname-based capital concentration on long-term Investment in family firms

Haomin Wu, Yuting Yang and Jiani Wang

Banking integration and corporate investment on human capital: Evidence from China's urban commercial bank mergers

Ni Qin, Qiyao Wang, Zihan Xiong and Junwei Zeng

CFO superstitions and the cost of debt: Evidence from Chinese “zodiac year” beliefs

Meiling Tang and Haotian Bai

Adaptive equity investing strategies via attention-based deep reinforcement learning

Haixiang Yao, Chunzhuo Wan, Ping Chen and Lijun Li