Details about Takashi Shibata

Access statistics for papers by Takashi Shibata.

Last updated 2023-02-13. Update your information in the RePEc Author Service.

Short-id: psh711

Working Papers

2021

1. Corporate investment, financing, and exit model with an earnings-based borrowing constraint
   Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics
   See also Journal Article Corporate investment, financing, and exit model with an earnings-based borrowing constraint, International Review of Financial Analysis, Elsevier (2023) View citations (1) (2023)

2020

2. Optimal capital structure and bankruptcy cascades
   Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics

2019

3. The effects of asset liquidity on dynamic bankruptcy decisions
   Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics

2018

4. Liquidation, fire sales, and acquirers' private information
   Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics
   See also Journal Article Liquidation, fire sales, and acquirers’ private information, Journal of Economic Dynamics and Control, Elsevier (2019) View citations (5) (2019)

2017

5. Dynamic bankruptcy procedure with asymmetric information between insiders and outsiders
   Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics
   See also Journal Article Dynamic bankruptcy procedure with asymmetric information between insiders and outsiders, Journal of Economic Dynamics and Control, Elsevier (2018) View citations (5) (2018)

2015

6. Asset sale, debt restructuring, and liquidation
   Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics View citations (1)
   See also Journal Article Asset sale, debt restructuring, and liquidation, Journal of Economic Dynamics and Control, Elsevier (2016) View citations (15) (2016)

2013

7. Preemption, leverage, and financing constraints
   Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics View citations (1)
   See also Journal Article Preemption, leverage, and financing constraints, Review of Financial Economics, John Wiley & Sons (2014) View citations (1) (2014)

2012

8. The effects of external financing costs on investment timing and sizing decisions
   Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics View citations (2)
   See also Journal Article The effects of external financing costs on investment timing and sizing decisions, Journal of Banking & Finance, Elsevier (2013) View citations (14) (2013)

2011

9. Investment timing with fixed and proportional costs of external financing
   Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics View citations (2)

2010

10. The effects of costly exploration on optimal investment timing
    Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics
    See also Journal Article The effects of costly exploration on optimal investment timing, Review of Financial Economics, Elsevier (2011) View citations (1) (2011)

2009

11. Dynamic Model of Credit Risk in Relationship Lending: A Game- theoretic Real Options Approach
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (5)
    See also Journal Article Dynamic Model of Credit Risk in Relationship Lending: A Game- Theoretic Real Options Approach, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2009) View citations (5) (2009)

Journal Articles

2023

1. Corporate investment, financing, and exit model with an earnings-based borrowing constraint
   International Review of Financial Analysis, 2023, 85, (C) View citations (1)
   See also Working Paper Corporate investment, financing, and exit model with an earnings-based borrowing constraint, Discussion Papers in Economics and Business (2021) (2021)
2. Optimal financing and investment strategies under asymmetric information on liquidation value
   Journal of Banking & Finance, 2023, 146, (C) View citations (1)

2021

3. FINANCING AND INVESTMENT STRATEGIES UNDER CREDITOR-MAXIMIZED LIQUIDATION
   International Journal of Theoretical and Applied Finance (IJTAF), 2021, 24, (03), 1-30
4. Optimal capital structure and simultaneous bankruptcy of firms in corporate networks
   Journal of Economic Dynamics and Control, 2021, 133, (C) View citations (1)
5. R&D competition and cooperation with asymmetric spillovers in an oligopoly market
   International Review of Economics & Finance, 2021, 72, (C), 624-642 View citations (1)
6. The effects of asset liquidity on dynamic sell-out and bankruptcy decisions
   European Journal of Operational Research, 2021, 288, (3), 1017-1035 View citations (7)

2020

7. Market competition, R&D spillovers, and firms' cost asymmetry
   Economics of Innovation and New Technology, 2020, 29, (8), 847-865 View citations (1)

2019

8. CREDIT SPREAD AND LIQUIDATION VALUE-BASED DEBT FINANCING CONSTRAINT
   International Journal of Theoretical and Applied Finance (IJTAF), 2019, 22, (05), 1-27
9. Investment under uncertainty with variable costly reversibility
   International Review of Economics & Finance, 2019, 59, (C), 14-28 View citations (1)
10. Liquidation, fire sales, and acquirers’ private information
    Journal of Economic Dynamics and Control, 2019, 108, (C) View citations (5)
    See also Working Paper Liquidation, fire sales, and acquirers' private information, Discussion Papers in Economics and Business (2018) (2018)

2018

11. Dynamic bankruptcy procedure with asymmetric information between insiders and outsiders
    Journal of Economic Dynamics and Control, 2018, 90, (C), 118-137 View citations (5)
    See also Working Paper Dynamic bankruptcy procedure with asymmetric information between insiders and outsiders, Discussion Papers in Economics and Business (2017) (2017)
12. Investment timing, reversibility, and financing constraints
    Journal of Corporate Finance, 2018, 48, (C), 771-796 View citations (15)
13. RANDOM SHOCK UNCERTAINTY AND INVESTMENT REVERSIBILITY: REAL OPTION FRAMEWORK
    Bulletin of Economic Research, 2018, 70, (2), 150-164

2017

14. Effects of Temporary Regulation of Asymmetric Access Charges in Telecommunications
    Managerial and Decision Economics, 2017, 38, (3), 344-364
15. Investment strategies, reversibility, and asymmetric information
    European Journal of Operational Research, 2017, 263, (3), 1109-1122 View citations (6)

2016

16. Asset sale, debt restructuring, and liquidation
    Journal of Economic Dynamics and Control, 2016, 67, (C), 73-92 View citations (15)
    See also Working Paper Asset sale, debt restructuring, and liquidation, Discussion Papers in Economics and Business (2015) View citations (1) (2015)
17. Strategic entry in a triopoly market of firms with asymmetric cost structures
    European Journal of Operational Research, 2016, 249, (2), 728-739 View citations (11)

2015

18. Investment timing, debt structure, and financing constraints
    European Journal of Operational Research, 2015, 241, (2), 513-526 View citations (33)
19. Investment-based financing constraints and debt renegotiation
    Journal of Banking & Finance, 2015, 51, (C), 79-92 View citations (23)

2014

20. Market structure and R&D investment spillovers
    Economic Modelling, 2014, 43, (C), 321-329 View citations (14)
21. Preemption, leverage, and financing constraints
    Review of Financial Economics, 2014, 23, (2), 75-89 View citations (1)
    Also in Review of Financial Economics, 2014, 23, (2), 75-89 (2014) View citations (2)
    See also Working Paper Preemption, leverage, and financing constraints, Discussion Papers in Economics and Business (2013) View citations (1) (2013)

2013

22. The effects of external financing costs on investment timing and sizing decisions
    Journal of Banking & Finance, 2013, 37, (4), 1160-1175 View citations (14)
    See also Working Paper The effects of external financing costs on investment timing and sizing decisions, Discussion Papers in Economics and Business (2012) View citations (2) (2012)

2012

23. Debt reorganization strategies with complete verification under information asymmetry
    International Review of Economics & Finance, 2012, 22, (1), 141-160 View citations (9)
24. Investment timing under debt issuance constraint
    Journal of Banking & Finance, 2012, 36, (4), 981-991 View citations (35)

2011

25. Interactions between investment timing and management effort under asymmetric information: Costs and benefits of privatized firms
    European Journal of Operational Research, 2011, 215, (3), 688-696 View citations (17)
26. The effects of costly exploration on optimal investment timing
    Review of Financial Economics, 2011, 20, (3), 105-112 View citations (1)
    Also in Review of Financial Economics, 2011, 20, (3), 105-112 (2011)
    See also Working Paper The effects of costly exploration on optimal investment timing, Discussion Papers in Economics and Business (2010) (2010)

2010

27. Dynamic investment and capital structure under manager-shareholder conflict
    Journal of Economic Dynamics and Control, 2010, 34, (2), 158-178 View citations (30)
28. Interactions between Preemptive Competition and a Financing Constraint
    Journal of Economics & Management Strategy, 2010, 19, (4), 1013-1042 View citations (22)
29. Reorganization strategies and securities valuation under asymmetric information
    International Review of Economics & Finance, 2010, 19, (3), 412-426 View citations (8)
30. Strategic investment timing under asymmetric access charge regulation in telecommunications
    European Journal of Operational Research, 2010, 207, (3), 1689-1701 View citations (4)

2009

31. Dynamic Model of Credit Risk in Relationship Lending: A Game- Theoretic Real Options Approach
    Monetary and Economic Studies, 2009, 27, (1), 195-218 View citations (5)
    See also Working Paper Dynamic Model of Credit Risk in Relationship Lending: A Game- theoretic Real Options Approach, IMES Discussion Paper Series (2009) View citations (5) (2009)
32. Investment timing, asymmetric information, and audit structure: A real options framework
    Journal of Economic Dynamics and Control, 2009, 33, (4), 903-921 View citations (24)

2008

33. The impacts of uncertainties in a real options model under incomplete information
    European Journal of Operational Research, 2008, 187, (3), 1368-1379 View citations (11)

Edited books

2016

1. Recent Advances in Financial Engineering 2014:Proceedings of the TMU Finance Workshop 2014
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd. View citations (1)

2014

2. Recent Advances in Financial Engineering 2012:Proceedings of the International Workshop on Finance 2012
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd.

Chapters

2016

1. Effects of Reversibility on Investment Timing and Quantity Under Asymmetric Information
   Chapter 5 in RECENT ADVANCES IN FINANCIAL ENGINEERING 2014 Proceedings of the TMU Finance Workshop 2014, 2016, pp 95-106 View citations (1)

2014

2. Optimal Investment Timing and Volume Decisions under Debt Borrowing Constraints
   Chapter 6 in 2012 Recent Advances in Financial Engineering Proceedings of the International Workshop on Finance 2012, 2014, pp 117-131

2012

3. Strategic Investment with Three Asymmetric Firms
   Chapter 6 in Recent Advances In Financial Engineering 2011, 2012, pp 97-110 View citations (2)

2010

4. Can Financial Synergy Motivate M&A?
   Chapter 11 in Recent Advances In Financial Engineering 2009, 2010, pp 253-272

2009

5. Investment Game with Debt Financing
   Chapter 9 in Recent Advances In Financial Engineering, 2009, pp 161-187 View citations (3)
6. Real Options in a Duopoly Market with General Volatility Structure
   Chapter 4 in Recent Advances In Financial Engineering, 2009, pp 71-89 View citations (1)