Faculty of Liberal Arts, Department of Liberal Arts
Job title
Professor
Degree
Bachelor of Arts in Foreign Studies(Sophia University), Master of Arts in International Public Policy(Osaka University), Doctor of Philosophy in Economics(Hitotsubashi University)
Research funding number
00434192
J-Global ID
200901061710996137
Research Areas
Humanities & social sciences / Money and finance /
PACIFIC-BASIN FINANCE JOURNAL 46 191-211 Dec 2017 [Refereed]
In this study, I analyze the optimal choice of a board of directors using a theoretical model. In my model, shareholders choose either an informed board that can bring additional private information to the firm or an uninformed board that merely c...
INTERNATIONAL REVIEW OF FINANCE 14(1) 75-103 Mar 2014 [Refereed]
Abstract
We examine empirically the long-run effects of reductions in minimum trading units (MTU) on stock prices in Japan from October 2001 to May 2008. When firms reduce their MTU, the number of individual shareholders tends to increase signific...