Edited By: Kaun Y. Lee, Xuan Tian and Lilian Ng
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Through Asia-Pacific Journal of Financial Studies, Korean Securities Association aims to contribute to the development of capital markets and the financial services industry in the Asia-Pacific region by promoting academic collaboration and mutual cooperation among scholars, professionals, and policymakers to share research interests and policy issues.
Asia-Pacific Journal of Financial Studies has been published since 1980 and has been selected for coverage in the Social Science Citation Index (SSCI) as of 2006 - it is the first SSCI-listed finance journal in Asia. The journal is bimonthly and publishes articles written in English.
Recent issues
- IssueVolume 52, Issue 2
Special Issue on New Developments and Trends in Asset Pricing
153-317April 2023Jaewon Choi
News
We are pleased to announce the following recipients for the 2022 AJFS Best Paper Awards, the 2022 AJFS Best Reviewer Award, and the 2022 AJFS Best Associate Editor Award.
2022 AJFS Mirae Asset Best Paper Award:
"Corporate Social Irresponsibility and Firm Value: International Evidence from Media Coverage" by Tracie Frost, Lei Li, Albert Tsang and Miao Yu (Vol. 51 no. 3)
2022 AJFS Samsung Asset Management Best Paper Award:
"Distress Resolution Through New Block Formation: Implications for Ownership Concentration" by Yoonyoung Choy (Vol. 51 no. 2)
2022 Best Reviewer Awards
Shufeng Wang (Ajou University)
2022 Best Associate Editor Award
Zhaoxia Xu (University of New South Wales)
Congratulations to the all the winners!
Read the top Asia-Pacific Journal of Financial Studies articles online:
2022 Board Members’ Choice Papers
"Effect of Shadow Banking Activities on Firm Risk and Performance: Entrusted Loan Evidence from Chinese Listed Firms" by by Xiaoyan Wang, Sijia Qiao, Chung-Hua Shen, Meng-Wen Wu and Juan Wang (Vol.51 no.2)
"Financial Education and Gender Equity" by Kyounghun Bae, Ga-Young Jang, Hyoung-Goo Kang and Pearleen Tan (Vol.51 no.3)
"The Role of Social Media in Financial Risk Prediction: Evidence from China" by Qi Wang, Chenghu Zhang and Zheng Li (Vol.51 no.4)
"One Country, Two Calendars: Lunar January Effect in China’s A-Share Stock Market" by Xiaobo Liang, Qianqiu Liu and Allan A. Zebedee (Vol.51 no.6)
Editors' Choice Papers
2022
A Survey of Asian Family Business Research by Morten Bennedsen, Yi-Chun Lu and Vikas Mehrotra (Vol. 51, no. 1)
2021
Liquidity Management During the Covid‐19 Pandemic by Heitor Almeida (Vol. 50, no. 1)
Call for Papers: Asia–Pacific Journal of Financial Studies (AJFS) invites manuscripts for a special issue on “FinTech” scheduled for publication in 2024. For more information, please click here.
Read the latest Virtual Issue from Asia-Pacific Journal of Financial Studies, 'Financial Intermediation in the Asia-Pacific Region', here.
Click here to read all Virtual Issues from AJFS.
Top 5 Most Downloaded Papers in 2022
Finance and Corporate Innovation: A Survey by Jie (Jack) He and Xuan Tian (Vol 47 no.2)FinTech, Lending and Payment Innovation: A Review by Sumit Agarwal and Jian Zhang (Vol 49 no.3)
Liquidity Management During the Covid-19 Pandemic* by Heitor Almeida (Vol 50 no.1)
Winner’s Curse in Initial Public Offering Subscriptions with Investors’ Withdrawal Options by Dennis K. J. Lin, Lanfeng Kao and Anlin Chen (Vol 39 no.1)
ESG and Stock Price Crash Risk: Role of Financial Constraints*by JinCheol Bae, Xiaotong Yang and Myung-In Kim (Vol 50 no.5)
Articles
Unintended Consequences of End-of-Year Rush Toward Innovation: Evidence from Patent Application Filings
-  28 November 2023
Does Geographical Proximity Matter in Small Business Lending? Evidence from Changes in Main Bank Relationships
-  819-855
-  17 October 2023
Does Environmental, Social and Governance Performance Lessen Analyst Optimistic Bias: Evidence from China
-  793-818
-  9 October 2023
Sustainable Finance: ESG/CSR, Firm Value, and Investment Returns
-  325-371
-  23 July 2022
FinTech, Lending and Payment Innovation: A Review
-  353-367
-  10 April 2020
ESG and Stock Price Crash Risk: Role of Financial Constraints
-  556-581
-  27 September 2021
Female Directors' Foreign Experience and Environmental and Sustainable Performance
- Asia-Pacific Journal of Financial Studies
-  169-193
-  9 May 2022
The Mediating Effect of Internal Control for the Impact of Institutional Shareholding on Corporate Financial Performance
- Asia-Pacific Journal of Financial Studies
-  194-222
-  31 March 2022
Impact of Investor Sentiment on Stock Returns
- Asia-Pacific Journal of Financial Studies
-  132-162
-  13 February 2022
The Impact of Directors’ Foreign Experience on Environmental Information Disclosure: Evidence from Heavily Polluting Chinese Firms
- Asia-Pacific Journal of Financial Studies
-  486-509
-  9 July 2022
Sustainable Finance: ESG/CSR, Firm Value, and Investment Returns
- Asia-Pacific Journal of Financial Studies
-  325-371
-  23 July 2022
Political Uncertainty and Corporate Social Responsibility in a Transition Economy
- Asia-Pacific Journal of Financial Studies
-  735-760
-  17 October 2022
Media Coverage and Labor Investment Efficiency: Evidence from China
- Asia-Pacific Journal of Financial Studies
-  116-152
-  5 February 2023
Intangible Capital and Market Reactions to Earnings News
- Asia-Pacific Journal of Financial Studies
-  81-105
-  20 December 2021
A Survey of Asian Family Business Research
- Asia-Pacific Journal of Financial Studies
-  7-43
-  14 February 2022