PAPERS UNDER REVIEW:
Alan, H. G., R. R. Wermers, T. Honda, D. Miyakawa, and S. Nishiuchi, “Impatient Money: Japanese Mutual Fund Launches,” HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive. R&R Journal of International Business Studies.
Ito, Y. and D. Miyakawa, “Active but Hasty? CEO Age, Ownership Structure, and the Quantity–Quality Trade-off in Investment.” R&R Finance Research Letters.
Miyakawa, D., K. Oikawa, and K. Ueda “Population Aging and Business Successions: A Macroeconomic Perspective,” RIETI Discussion Paper Series 25-E-096. Revision requested by Review of Economic Studies.
Miyakawa, D., K. Oikawa, and K. Ueda “Misallocation under the Shadow of Death,” RIETI Discussion Paper Series 22-E-014. Revision requested by Journal of Money, Credit and Banking.
Maehashi, K., D. Miyakawa, T. Sasaki, and T. Sone, “Skewed Interest Rate Expectations and Effects of Central Banks' Market Operations: Empirical Findings Using Granular Transaction Data.” Revision requested by Japanese Journal of Monetary and Financial Economics.
Miyakawa, D., Y. Yanaoka, H. Yazawa, and S. Yukimoto “Why Do Firms Use Lease?”. Older Japanse version: “Lease and Capital Investments: A technological feature of the leasing industry,” Revision requested by Economic Review. (In Japanese).
Hosono, K., D. Miyakawa, A. Ono, H. Uchida, and I. Uesugi, “Disruption of transportation infrastructure and its Economic Implication for Firm-to-Firm Trade: A Natural Experiment Approach using a Massive Earthquake,” RIETI Discussion Paper Series 19-E-043. Submitted.
Honda, T., K. Hosono, D. Miyakawa, A. Ono, and I. Uesugi, “Imperfect Take-up of COVID-19 Business Support Programs,” RIETI Discussion Paper Series 24-E-001. Submitted
Miyakawa, D., T. Oda, and T. Sone “Regulatory Reforms and Price Heterogeneity in an OTC Derivative Market,” Bank of Japan Working Paper Series No.23-E-12. Submitted
Miyakawa, D., K. Hosono, T. Uchino, A. Ono, H. Uchida, and I. Uesugi, “Financial Shocks and Firm Exports: A Natural Experiment Approach with a Massive Earthquake,” RIETI Discussion Paper Series 14-E-010. Submitted
Miyakawa, D. and K. Shintani, “Disagreement between Human and Machine Predictions”, IMES Discussion Paper Series 2020-E-11, Bank of Japan. Revised version is here. Submitted
PEER-REVIEWED JOURNAL ARTICLES:
Ono, A., D. Miyakawa, K. Hosono, H. Uchida, and I. Uesugi (forthcoming) “Transaction Partners and Firm Relocation Choice: Evidence from the Tohoku Earthquake,” Journal of Economic Geography.
Ito, Y. and D. Miyakawa (2025) “The Impact of Mergers on Aggregate Productivity: An Empirical Analysis Using Productivity Decomposition,” Industrial and Corporate Change dtaf032, https://doi.org/10.1093/icc/dtaf032
Uesugi, I., D. Miyakawa, Hosono, K., A. Ono, and H. Uchida (2025) “The Collateral Channel versus the Bank Lending Channel: Evidence from a Massive Earthquake,” Journal of Banking & Finance 170.
Arata, Y. and D. Miyakawa (2024) “Demand Shock Propagation through an Input-Output Network in Japan,” Journal of Economic Behavior & Organization 219: 262-283.
Hosono, K., M. Hotei, and D. Miyakawa (2023) “The Interaction of a Size-Dependent Tax Policy and Financial Frictions: Evidence from a Tax Reform in Japan,” Small Business Economics, https://doi.org/10.1007/s11187-023-00844-5.
Hosono, K., M. Hotei, and D. Miyakawa (2023) “Causal Effects of Tax Incentives for SME Capital Investment,” Small Business Economics 61: 539-557.
Hosono, K., D. Miyakawa, and S. Watanabe (2023) “Pricing Implications of Intervention and Debt Management in the Primary Market of Japanese Government Bonds,” Pacific-Basin Finance Journal 77.
Honda, T., K. Hosono, D. Miyakawa, A. Ono, and I. Uesugi (2023) “Determinants and Effects of COVID-19 Business Support Programs: Evidence from a Survey to SMEs in Japan,” Journal of the Japanese and International Economies 67.
Miyakawa, D., C. Shimizu, and I. Uesugi (2022) “Do Foreign Buyers Pay More Than Domestic Buyers? Evidence from International Transaction-Level Data,” Journal of Real Estate Finance and Economics 68, 394-424.
Miyakawa, D., K., Oikawa, and K. Ueda (2022) “Reallocation Effects of Monetary Policy,” International Economic Review 63 (2): 945-975.
Miyakawa, D., K. Oikawa, and K. Ueda (2021), “Firm Exit during the COVID-19 Pandemic: Evidence from Japan,” Journal of the Japanese and International Economies 59.
Hosono, K., D. Miyakawa, M. Takizawa and K. Yamanouchi (2020), “Complementarity and Substitutability between Tangible and Intangible Capital: Evidence from Japanese Firm-level Data,” Singapore Economic Review 65 (5), pp. 1293-1321.
Hosono, K., D. Miyakawa, and M. Takizawa (2019), “Cash Holdings: Evidence from Firm-Level Big Data in Japan,” Economic Analysis 200, pp. 135-163.
Inui, T., K. Ito, and D. Miyakawa (2017), “Export Experience, Product Differentiation, and Firm Survival in Export Markets,” Japanese Economic Review 68 (2): 217-231.
Hosono,K., D., Miyakawa, T. Uchino, M. Hazama, A. Ono, H. Uchida, and I. Uesugi (2016), “Natural Disasters, Damage to Banks, and Firm Investment,” International Economic Review 57 (4): 1335-1370.
Inui,T., Ito, K., and D. Miyakawa (2015), “Overseas Market Information and Firms’ Export Decisions,” Economic Inquiry 53 (3), pp. 1671-1688.
Uchida, H., D. Miyakawa, K. Hosono, A. Ono, T. Uchino, and I. Uesugi (2015), “Financial Shocks, Bankruptcy, and Natural Selection,” Japanese and the World Economy 36, pp. 123-135.
Miyakawa, D. and S. Watanabe (2014), “What Determines CDS Prices? Evidence from the Estimation of Protection Demand and Supply,” International Review of Finance 14 (1), pp. 1-28.
Miyakawa, D. (2012), “A Dynamic Equilibrium Model for Relationship-Lending,” Journal of Market Economy 41 (1), pp.19-52.
Miyakawa, D. and S. Watanabe (2012), “Pricing illiquidity of corporate bonds through static and dynamic measures,” Seoul Journal of Economics 25 (3) (2012 Fall), pp. 279-316.
PEER-REVIEWED JOURNAL ARTICLES IN JAPANESE:
Uesugi, I., A. Ono, T. Honda, S. Araki, H. Uchida, Y. Onozuka, D. Kawaguchi, D. Tsuruta, H.Fukanuma, K. Hosono, D. Miyakawa, Y. Yasuda, and N. Yamori (2022), 「コロナショックへの企業の対応と政策支援措置：サーベイ調査に基づく分析」 (Firm and Policy Responses against COVID-19 Pandemic: An Analysis Based on a Large-Scale Survey) Economic Review, forthcoming.
Edamura, K., T. Ishikawa, T., Miyagawa, D. Miyakawa, and M. Takizawa (2018),「どのような企業の顧客満足度が高いのか？－顧客満足度指数を利用した実証分析－」 (Customer Satisfaction and Firm Performance: Evidence from Survey Data) Economic Review (In Japanese). 69 (4), pp. 346-362.
Uchida, H., D. Miyakawa, I. Uesugi, A. Ono, and K. Hosono (2015), 「担保価値と資金制約」 (Collateral Value and Financial Constraint), Economic Review 66 (3) (In Japanese).
Inui,T., Ito, K., Miyakawa, D., and K. Shoji (2014),「海外市場情報と輸出開始：情報提供者としての取引銀行の役割」(Bank’s Role on Firm Exports), Economic Analysis 188, pp. 3-213. (In Japanese).
Uesugi, I., H. Uchida, T. Uchino, A. Ono, M. Hazama, K. Hosono, and D. Miyakawa (2012), 「大震災と企業行動のダイナミクス」 (Natural Disaster and Firm Dynamics) Economic Review 64 (2) (In Japanese).
Uchida, H., I. Uesugi, A. Ono, K. Hosono, and D. Miyakawa (2012), “An economic perspective for the overlapping debt problem,” Review of Monetary and Financial Studies 34, pp. 1-27 (In Japanese).