Pacific-Basin Finance Journal

1993 - 2025

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

From Elsevier
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Volume 89, issue C, 2025

Mandatory corporate ESG disclosure and default risk – Evidence from China

Wei-An Li, Hanyu Du and Feng He

Risk premium principal components for the Chinese stock market

Jie Mao, Jingjing Shao and Weiguan Wang

Restrictive bond covenants: Evidence from family firms in China

Xueying Zhang, Chao Feng, Thomas Walker and Sergey Barabanov

Environmental violations and financial distress risk: Evidence from Chinese listed heavily polluting companies

Kai Xing, Fang Yang, Ping Liu, Jue Wang and Junchuan Wu

Does experience matter? An examination of individual Auditor's experience on executive implicit corruption

Jie Wang, Hanxiu Cheng and Ke Qiao

Asymmetric connectedness in the Chinese stock sectors: Overnight and daytime return spillovers

Xianghui Yuan, Jun Long, Xiang Li and Chencheng Zhao

Foreign business exposure, policy uncertainty, and investment allocation decisions of Chinese multinational corporations

Xiaoxue Hu and Dongxu Li

Investing in relative market positions in interconnected financial markets: A strategy for international portfolio diversification

Hongbo He, Yiqing Chen, Jinghua Ou and Shujie Yao

Does benchmark-driven investment amplify the impact of the global financial cycle on emerging markets?

Yang Chen, Yun Feng, Qing Liu and Zhipeng Zhang

Trade policy uncertainty and corporate innovation —Evidence from the US-China trade war

Jian Zhang, Wenruo Wu, Jingyun Yang and Yi Xiao

Stock fire sale risks and the effect of China connect

Jiangze Bian, Qilin Qin, Wenjing Song, Jun Wang and Ge Zhang

How creditor protection stimulates corporate R&D: Insights from internet judicial auctions in China

Yunqing Tao, Qiaochu Wang, Jinqiang Yang and Yongwei Ye

Post-compulsory education of children and household asset allocation

Xiaomeng Lu, Zehui He, Yaling Li and Ronghua Luo

Navigating cash management: The role of board co-option

Wenqiong Liu, Ziqi Li and Ho-Chuan Huang

Explaining the diversity in findings on derivatives uses and firm value: Insights from firms' commodity futures use

Yiyun Chu, Lili Shao and Li Yang

Impacts of patent pledge financing on corporate investment: Evidence from a quasi-natural experiment in China

Zhao Liu and Huawei Zhu

Does non-punitive regulation increase the demand for D&O insurance?

Qiankun Gu, Conggang Li, Yanyin Li, Rong Xu and Yize Xu

Market responses to the China's transaction cost changes: An analysis of volatility dynamics

Zailin Xu, Xiaoyijing Chen and Mei Yu

Financial regulation and corporate social responsibility: Evidence from China

Qi Liu and Jiejie Wu

Ownership concentration and corporate greenwashing in China's capital markets: Based on a multi-actors perspective

Xinyue Fan, Zishen Tang, Wenjie Huang and Kai Yang

Farmers' credit risk evaluation with an explainable hybrid ensemble approach: A closer look in microfinance

Nana Chai, Mohammad Zoynul Abedin, Lian Yang and Baofeng Shi

The accountability system for operation and investment and M&A performance of state-owned enterprises in China

Yuting Li and Jianye Huang

Volume 88, issue C, 2024

Managerial macroeconomic perception and systemic risk in China

Peng Guo, Fuwei Jiang, Mengru Li and Yumin Liu

Do creditors punish weak banks? Evidence from Indian urban cooperative banks’ failure

Sakshi Narula and Manish K. Singh

Does executives' political identity improve firm financial performance? Evidence from China

Yongming Miao, Yaokuang Li and Zhiguang Li

Bankruptcy experiences and cash holding behaviors: Case of Japan

Po-Lin Chen

Social media sentiment contagion and stock price jumps and crashes

Jing Yang and Yan Xiong

Does the geographic location of Blockholders matter? Evidence from Chinese Firms' cross-regional investment

Wan Huang, Yufan Bai and Hong Luo

The impact of COVID-19 on global investor attention

Zih-Ying Lin and Jia-Wen Lu

Aversion to the use of foreign exchange hedging in state-owned enterprises: Evidence from China

Xin Wang, Xiaobei Hao and Yue Sun

Conditional volatility targeting strategy considering jump effects: Evidence from sustainable ESG equity index

-Wei Huang, Sharon S. Yang and Hung-Wen Cheng

Multilayer network analysis of idiosyncratic volatility connectedness: Evidence from China

Xuewei Zhou, Zisheng Ouyang, Min Lu and Zhongzhe Ouyang

Is there an intraday reversal effect in commodity futures and options? Evidence from the Chinese market

Luyuan Zheng and Xingguo Luo

How Do Elite-Educated CEOs Choose the M&A Payment Method? Evidence from Taiwan

Dun-Yao Ke and Xuan-Qi Su

Out-of-sample equity premium predictability: An EMD-denoising based model

Haohua Li, Yuhe Mei, Xianfeng Hao and Zhuo Chen

Taking matters into their own hands: How Investors' stock preferences affect mutual fund flows in China

Shi Li, Rongsha Fu and Meng Li

Impact of financial regulation on labor income share: Evidence from China

Quan Li, Kaiyan Zhan, Hexin Jiang, Tianshu Li and Yuan Zhang

Capital infusions and Bank risk-taking behaviour

Vijaya B. Marisetty and Md Shoeb

Does continuous disclosure affect the market reaction to mergers and acquisitions announcements?

Syed Shams, Sudipta Bose, Abeyratna Gunasekarage and Eswaran Velayutham

Impact of climate change risks on equity capital: Evidence-based on Chinese markets

Xiaotong Yue, Xiaoran Kong, Qiuyun Zhao and Kung-Cheng Ho

Does digital credit alleviate household income vulnerability?

Haijun Wang, Xiance Du, Chen Ge and Wanting Wu

Salience, psychological anchors, and stock return predictability

Mei-Chen Lin

Gender culture and cross-border mergers and acquisitions: The deals with RCEP targets

Yenn-Ru Chen, Yu-Lin Huang and Ting-Yu Chang

Are labor laws and employee welfare complements in determining leverage ratios?

Hien Duc Han, Kartick Gupta and Chandrasekhar Krishnamurti

Green fund investors and ESG performance: Evidence from China

Yumeng Zhang, Xiong Xiong and Ya Gao

Scientific disclosure and corporate misconduct

Qifeng Zhao, Dongmin Kong and Qianfeng Luo

Is human capital risk lower in state-owned enterprises? — A textual analysis based on China's listed company annual reports

Haobo Tang, Huan Zhang, Yuzhen Guan and Hexuan Wang

Corporate governance and financial distress in China a multi-dimensional nonlinear study based on machine learning

Qingbin Meng, Xinxing Zheng and Solomon Wang

Using machine learning to investigate the determinants of loan default in P2P lending: Are there differences between before and during COVID-19?

Qi Xu, Caixia Liu, Jing Luo and Feng Liu

Microstructure of the Chinese stock market: A historical review

Zhe Peng, Kainan Xiong and Yahui Yang

Banking uncertainty and cash conversion cycle

Japan Huynh

The impact of mandatory CSR regulation on corporate financial policy: Evidence from India

Nemiraja Jadiyappa, Mrunal Prabhudas Chavda and P.J. Jijo Lukose

Economies of scope in the Japanese banking industry

Yichang Wu

Enterprise digital transformation and return comovement of business groups

Shasha Liu, Yifan Jin and Dongmin Kong

Does trade credit absorb adverse shocks? Evidence on SMEs in Japan

Daisuke Tsuruta and Hirofumi Uchida

Investor sentiment and stock market anomalies: Evidence from Islamic countries

Muhammad Cheema and Bayu Arie Fianto

The impact of financial sanctions on economic policy uncertainty: Global evidence

Xue-Ying Liu, Wei He, Hai-Peng Duan and Rui Fan

The role of financial flexibility in corporate cash donations

Chien-Lin Lu, Hsuan-Hua Yang and Chia-Wei Yeh

Role transition, investment practice and risk Management of Peer-to-peer Lending Investors: Based on the perspective of investor learning

Manhua Wu, Xiujuan Tian, Lin Ma and Nianjiao Peng

Share pledge and stock repurchase: The role of stock mispricing and corporate governance

Yi-Wen Chen, Xing-Yu Pan, Chu-Bin Lin and Chun-Hua Yang

The (in)effectiveness of financial consumer protection: Quasi-experimental evidence from consumer finance in China

Yufei Xia, Zhiyin Han, Qiong Zheng and Xiaoli Yang

The impacts of China's shadow banking regulation on bank lending—An empirical analysis based on textual analysis and machine learning

Sha Sun, Gong Qian and Jingjing Yu

Financial risk prevention and corporate green innovation: A quasi-natural experiment based on the new asset management regulation

Siyuan Xuan, Daqiang Song and Guomin You

Market integration and the risk of corporate leverage manipulation: Evidence from China

Sihui Li, Yining Liu, Jinchun Zhao and Baochang Xu

Executive pay restrictions, political promotion, and firm efficiency: Evidence from China

Wentao Li, Xiaoke Wang and Lisheng Yu

Gender difference in equity portfolio diversification

Zheng Wu and P. Joakim Westerholm

Country-by-Country reporting, corporate tax avoidance, and supply chain structure: A bunching analysis based on income manipulation by Chinese multinational corporations

Sida Bai and Jiaxing Zheng

Negative information hoarding in politically connected firms: The influence from the central environmental protection inspections

Shuai Yue, Hamish D. Anderson and Jing Liao

ESG certification, green innovation, and firm value: A quasi-natural experiment based on SynTao Green Finance's ESG ratings: A pre-registered study

Xiao Bai, Wenyao Zhao and Geran Tian

Geographic disparities in bank lending: Evidence from an auto loan market

Tao Liu, Yanxin Yu, Di Gong and Min Guo

Volatility-managed portfolios in the Chinese equity market

Chuyu Wang and Junye Li

Can improving the business environment narrow the within-firm pay gap? Evidence from data on 233 Chinese cities

Qin Wan, Hongyu Pan and Jinbo Huang

Show me your hand: An examination of voting methods at annual general meetings

Martin Bugeja, Raymond da Silva Rosa, Yaowen Shan and David Yermack

Are pre-opening periods important? Evidence from Chinese market lunch breaks

Gang Chu, John W. Goodell and Xiao Li

Common institutional ownership and opportunistic insider selling: Evidence from China

Jingwen Dai, Rong Xu, Tianqi Zhu and Chao Lu

Spillover effects of MSCI inclusion announcement: Evidence and implications from China

Zhihua Wei, Deqian Wu, Aimin Zeng and Bo Li

Organization capital and stock price crash risk

Leqin Chen, Adrian C.H. Lei and Chen Song