2017 - 2021 Optimal financing and investment strategies under incomplete financial market
2014 - 2019 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
2017 - 2019 Estimation modelling of corporate securites under credit risk(Fostering Joint International Research)
2014 - 2017 Interaction between financing and investment decisions under credit risk
2009 - 2014 Research on the financial risk management of a portfolio including alternative investments
2010 - 2013 Estimation modelling of corporate equity and debt under financial risk
2010 - 2011 企業の潜在的財務指標に関するモデル構築とその推定
2007 - 2010 Estimation of corporate potential affairs and its extension
2006 - 2008 Development of risk management system for large-scale portfolio
2005 - 2007 企業の潜在的財務指標の推定とそのモデルの検証
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Papers (42):
Michi Nishihara, Takashi Shibata, Chuanqian Zhang. Corporate investment, financing, and exit model with an earnings-based borrowing constraint. International Review of Financial Analysis. 2023. 102456-102456
Takashi Shibata, Michi Nishihara. Optimal financing and investment strategies under asymmetric information on liquidation value. Journal of Banking and Finance. 2023. 146. 106709-106709
Michi Nishihara, Takashi Shibata. Optimal capital structure and simultaneous bankruptcy of firms in corporate networks. Journal of Economic Dynamics and Control. 2021. 133. 104264-104264
Takashi Shibata, Michi Nishihara. Financing and investment strategies under creditor-maximized liquidation. International Journal of Theoretical and Applied Finance. 2021. 24. 03. 2150013-1-30
Nana Ishikawa, Takashi Shibata. R&D competition and cooperation with asymmetric spillovers in an oligopoly market. International Review of Economics and Finance. 2021. 72. 624-642