Please contact urotankecon@gmail.com for the file that requests a password.  

For publication with "Free Access," you can directly download the paper from the page linked to the title.  Otherwise, you can download the latest version of the working paper by clicking "Latest WP."

Books

• "Corporate Finance and Capital Structure: A Theoretical Introduction"
  Routledge, London/New York, 2021. 

Corporate

• "Economic Analysis of Corporate Non-Monetary Sanctions"  with T. Inatani.
  Presented at Kyoto University. Media (Columbia Law School's CLS Blue Sky Blog). 

• "Ownership Networks and Bid Rigging" with B. Charoenwong.
  R&R from Review of Corporate Finance Studies.  Media (Business Times). 

• "Debt-equity Conflicts and Efficiency of Distressed Firms: Evidence from Japanese Banker-directors"  with D.B. Choi.
  Journal of Financial and Quantitative Analysis, forthcoming. 

• "Common Lender, Ex-Banker Director, and Corporate Investment" with T. Hoang and T. Yamada.
  Journal of Financial and Quantitative Analysis, 2024.  Free Access. 

• "Regulatory Capture in Public Procurement: Evidence from Revolving Door Bureaucrats in Japan" with K. Kawai and J. Nakabayashi.
  Journal of Economic Behavior and Organization, 2021. Latest WP. Media (Nikkei, PolEconFin). 

• "Limited Liability and Corporate Efficiency" 
  International Review of Law and Economics, 2020. Latest WP.

Banking

• "Opacity, Signaling, and Bail-ins" with B. Grundy and R. Izumi.
  R&R from Review of Finance. 

• "Bank Lobbying as a Financial Safety Net: Evidence from the Post-crisis U.S. Banking Sector" 　
  Review of Corporate Finance Studies, 2024. Latest WP. Media (PolEconFin). NFA Best Paper Prize.

• "Is Capping Executive Bonuses Useful?"
  IMF Working Paper, No. 16/196, 2016. Free Access.

• "Global Financial Stability Report: The Role of Governance and Executive Pay" with L. B. Marques, E. Oppers, I. A. Ribeiro, J. Beauchamp, P. Deb, et. al.
  IMF Global Financial Stability Report, Chapter 3, IMF, Washington DC, 2014. Free Access. Media (Financial Times). 

Behavioral

• "Incomplete Information, Self-Confidence, and Positive Sorting"
  International Journal of Game Theory, forthcoming. 

• "Trading Experience Modulates Anterior Insula to Reduce the Endowment Effect" with S. Ertac, A. Hortaçsu, J. List, H. Nusbaum, L. Tong, and K. Ye.
  Proceedings of the National Academy of Sciences, 2016. Free Access. Media (University of Chicago News). 

Works in progress

• "Group Decision under Ambiguity" with S. Grant, Y. Shou, and G. Pan.

• "The Empirical Study of a Bank’s Private Information" with D.B. Choi and M. Crosignani

• "When Ambitious Executives Behave: External Promotions as a Deterrent to Corporate Misconduct" with Q. Zhang

• "Enhancing Workplace Compliance: The Role of Paid Sick Leave (PSL) Mandates" with N. Le and Q. Zhang

• "Noncompete Agreements and Corporate Misconduct" with N. Le and Q. Zhang