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Introduction

Shintaro Tomita is a researcher specializing in corporate capital structure and financing behavior. His work examines how companies determine their optimal capital structure and how financing decisions affect corporate value. Additionally, he investigates how factors such as information asymmetry and agency problems influence the selection of financing methods.

Achievements

■ Capital Structure and Debt Composition
Research Objective: Examining the impact of bank loan renegotiability on debt composition and capital structure.
Research Objective: Investigating how group management influences decision-making regarding capital structure.
■ Impact of Financing Behavior on Corporate Value
Research Objective: Analyzing the impact of liquidity management through cash holdings and commitment lines on corporate value.
Research Objective: Examining how information asymmetry affects corporate value during securities issuance.
Research Objective: Investigating how the potential for moral hazard by underwriters influences securities issuance costs.

Areas of Research

・The impact of banking relationships on corporate finance

Social Contributions

・Clarifying the financial strategies necessary for enhancing corporate value.
・Determining how to address information asymmetry and agency problems to reduce financing costs.
Video

  • Tackling the Puzzles in Corporate…

    Shintaro Tomita Associate Professor, Facu…

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