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SHIBATA Takashi
Faculty of Business Administration Department of Markets and Management
Professor
Researchmap URL
https://researchmap.jp/read0116471
Career
■ Career
- Apr. 2025 - Present
Hosei University, Faculty of Business Administration, Professor - Apr. 2012 - Mar. 2025
Tokyo Metropolitan University, 経営学研究科, 教授 - Apr. 2007 - Mar. 2012
Tokyo Metropolitan University, 経営学研究科, 准教授 - Apr. 2005 - Mar. 2007
Kyoto University, 経済学研究科, 助教授 - Apr. 2004 - Mar. 2005
Yokohama National University, 国際社会科学研究科, 講師 - Oct. 2003 - Mar. 2004
Kyoto University, 経済学研究科, COE研究員
Research activity information
■ Paper
■ Research Themes
- Corporate investment, financing, and exit model with an earnings-based borrowing constraint
Michi Nishihara; Takashi Shibata; Chuanqian Zhang
International Review of Financial Analysis, Jan. 2023, [Reviewed] - Optimal financing and investment strategies under asymmetric information on liquidation value
Takashi Shibata; Michi Nishihara
Journal of Banking and Finance, Jan. 2023, [Reviewed] - Optimal capital structure and simultaneous bankruptcy of firms in corporate networks
Michi Nishihara; Takashi Shibata
Journal of Economic Dynamics and Control, Dec. 2021, [Reviewed] - Financing and investment strategies under creditor-maximized liquidation
Takashi Shibata; Michi Nishihara
International Journal of Theoretical and Applied Finance, May 2021, [Reviewed] - R&D competition and cooperation with asymmetric spillovers in an oligopoly market
Nana Ishikawa; Takashi Shibata
International Review of Economics and Finance, Mar. 2021, [Reviewed] - The effects of asset liquidity on dynamic sell-out and bankruptcy decisions
Michi Nishihara; Takashi Shibata
European Journal of Operational Research, Feb. 2021, [Reviewed] - Market competition, R&D spillovers, and firms' cost asymmetry
Nana Ishikawa; Takashi Shibata
Economics of Innovation and New Technology, Nov. 2020, [Reviewed] - Liquidation, fire sales, and acquirers' private information
Michi Nishihara; Takashi Shibata
Journal of Economic Dynamics and Control, Nov. 2019, [Reviewed] - Credit spread and liquidation-based debt financing constraint
Takashi Shibata; Michi Nishihara
International Journal of Theoretical and Applied Finance, Aug. 2019, [Reviewed] - Investment under uncertainty with variable costly reversibility
Takashi Shibata; Kit Pong Wong
International Review of Economics and Finance, Jan. 2019, [Reviewed] - Dynamic bankruptcy procedure with asymmetric information between insiders and outsiders
Michi Nishihara; Takashi Shibata
Journal of Economic Dynamics and Control, 01 May 2018, [Reviewed] - Random shock uncertainty and investment reversibility: Real option framework
Xue Cui; Takashi Shibata
Bulletin of Economic Research, 01 Apr. 2018, [Reviewed] - Investment timing, reversibility, and financing constraints
Takashi Shibata; Michi Nishihara
Journal of Corporate Finance, 01 Feb. 2018, [Reviewed] - Investment strategies, reversibility, and asymmetric information
Xue Cui; Takashi Shibata
European Journal of Operational Research, Dec. 2017, [Reviewed] - Default and liquidation timing under asymmetric information
Michi Nishihara; Takashi Shibata
European Journal of Operational Research, Nov. 2017, [Reviewed] - Effects of Temporary Regulation of Asymmetric Access Charges in Telecommunications
Takashi Shibata; Michi Nishihara
Managerial and Decision Economics, 01 Apr. 2017, [Reviewed] - Investment timing and quantity strategies under asymmetric information
Xue Cui; Takashi Shibata
Theory of Probability and its applications, 2017, [Reviewed]
Lead - Asset sale, debt restructuring, and liquidation
Michi Nishihara; Takashi Shibata
Journal of Economic Dynamics and Control, Jun. 2016, [Reviewed] - Strategic entry in a triopoly market of firms with asymmetric cost structures
Takashi Shibata
European Journal of Operational Research, Mar. 2016, [Reviewed] - Investment timing, debt structure, and financing constraints
Takashi Shibata; Michi Nishihara
European Journal of Operational Research, Mar. 2015, [Reviewed] - Investment-based financing constraints and debt renegotiation
Takashi Shibata; Michi Nishihara
Journal of Banking and Finance, Feb. 2015, [Reviewed] - Investment timing with fixed and proportional costs of external financing
Michi Nishihara; Takashi Shibata
International Journal of Management Science and Engineering Management, 02 Jan. 2015, [Reviewed] - Market structure and R&D investment spillovers
Takashi Shibata
Economic Modelling, Dec. 2014, [Reviewed] - Preemption, leverage, and financing constraints
Michi Nishihara; Takashi Shibata
Review of Financial Economics, 2014, [Reviewed] - The effects of external financing costs on investment timing and sizing decisions
Michi Nishihara; Takashi Shibata
Journal of Banking and Finance, Apr. 2013, [Reviewed] - Investment timing with incentive-disincentive contracts under asymmetric information
Takashi Shibata; Michi Nishihara
Technology and Investment, May 2012, [Reviewed] - Debt reorganization strategies with complete verification under information asymmetry
Takashi Shibata; Yuan Tian
International Review of Economics and Finance, Apr. 2012, [Reviewed] - Investment timing under debt issuance constraint
Takashi Shibata; Michi Nishihara
Journal of Banking and Finance, Apr. 2012, [Reviewed] - Interactions between investment timing and management effort under asymmetric information: Costs and benefits of privatized firms
Takashi Shibata; Michi Nishihara
European Journal of Operational Research, Dec. 2011, [Reviewed] - The effects of costly exploration on optimal investment timing
Michi Nishihara; Takashi Shibata
Review of Financial Economics, Aug. 2011, [Reviewed] - Interactions between Preemptive Competition and a Financing Constraint
Michi Nishihara; Takashi Shibata
Journal of Economics and Management Strategy, Dec. 2010, [Reviewed] - Strategic investment timing under asymmetric access charge regulation in telecommunications
Takashi Shibata; Hiroshi Yamazaki
European Journal of Operational Research, Dec. 2010, [Reviewed] - Reorganization strategies and securities valuation under asymmetric information
Takashi Shibata; Yuan Tian
International Review of Economics and Finance, Jun. 2010, [Reviewed] - Dynamic investment and capital structure under manager-shareholder conflict
Takashi Shibata; Michi Nishihara
Journal of Economic Dynamics and Control, Feb. 2010, [Reviewed] - Strategic investment with debt financing
Michi Nishihara; Takashi Shibata
International Journal of Management Science and Engineering Management, 2010, [Reviewed] - Dynamic model of credit risk in relationship lending: A game-theoretic real options approach
Takashi Shibata; Tetsuya Yamada
Monetary and Economic Studies, Nov. 2009, [Reviewed] - Investment timing, asymmetric information, and audit structure: A real options framework
Takashi Shibata
Journal of Economic Dynamics and Control, Apr. 2009, [Reviewed] - The impacts of uncertainties in a real options model under incomplete information
Takashi Shibata
European Journal of Operational Research, Jun. 2008, [Reviewed] - The agency problem between the owner and the manager in real investment: The bonus-audit relationship
Michi Nishihara; Takashi Shibata
Operations Research Letters, May 2008, [Reviewed] - On the value-volatility relationship in a real options model
Takashi Shibata
Kyoto Economic Review, Dec. 2005, [Reviewed] - Real options in an oligopoly market
Masaaki Kijima; Takashi Shibata
Kyoto Economic Review, Jun. 2005, [Reviewed] - On the pricing of corporate value under information asymmetry
Takashi Shibata
Kyoto Economic Review, Dec. 2004, [Reviewed]
- Recent Advances in Financial Engineering 2014
Masaaki Kijima; Yukio Muromachi; Takashi Shibata, Joint editor
Word Scientific, Apr. 2016, Not reviewed
9789814730785 - Recent Advances in Financial Engineering 2012
Akihiko Takahashi; Yukio Muromachi; Takashi Shibata, Joint editor
Word Scientific, Apr. 2014, Not reviewed
9789814571654
■ Research Themes
- コーポレートファイナンス動学モデルによるクレジットリスクと財務指標の定量分析
Grant-in-Aid for Scientific Research (B)
Tokyo Metropolitan University
Apr. 2021 - Mar. 2025 - Optimal financing and investment strategies under incomplete financial market
Grant-in-Aid for Scientific Research (B)
Tokyo Metropolitan University
Apr. 2017 - Mar. 2021 - Research on the financial risk management by taking account of remarkable properties of assets and liabilities in financial institutions and long-term behaviors of financial environment in Japan
Grant-in-Aid for Scientific Research (A)
01 Apr. 2014 - 31 Mar. 2019 - Estimation modelling of corporate securites under credit risk(Fostering Joint International Research)
Fund for the Promotion of Joint International Research (Fostering Joint International Research)
Tokyo Metropolitan University
Apr. 2017 - Mar. 2019 - Interaction between financing and investment decisions under credit risk
Grant-in-Aid for Scientific Research (B)
Tokyo Metropolitan University
Apr. 2014 - Mar. 2017 - Research on the financial risk management of a portfolio including alternative investments
Grant-in-Aid for Scientific Research (A)
Tokyo Metropolitan University
01 Apr. 2009 - 31 Mar. 2014 - Estimation modelling of corporate equity and debt under financial risk
Grant-in-Aid for Young Scientists (B)
Tokyo Metropolitan University
Apr. 2010 - Mar. 2013 - 企業の潜在的財務指標に関するモデル構築とその推定
Apr. 2010 - Mar. 2011 - Estimation of corporate potential affairs and its extension
Grant-in-Aid for Young Scientists (B)
Tokyo Metropolitan University
Apr. 2007 - Mar. 2010 - Development of risk management system for large-scale portfolio
Grant-in-Aid for Scientific Research (B)
Tokyo Metropolitan University
2006 - 2008
