YOKO SHIBUYA
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Publications

Who Opts Out of Personal Guarantees? Borrower Selection and Performance in Small Business Lending​ (with Takeo Hoshi)
Journal of Financial Intermediation (2026)


Economics of Multi-tier Supply Chain Financing (with Vlad Babich) 
Manufacturing & Service Operations Management (2026)

The Aging Firm (with Ines Black, Sharique Hasan, and Maria Zhu)  
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Research in Organizational Behavior (2025)

Media: Forbes, Forbes India
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Working papers

Breaking the Barrier: How Personal Guarantees on Small Business Loans Impede CEO Succession (with Takeo Hoshi) R&R at Strategic Management Journal
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Firm Adaptation Reconsidered: Evidence from the COVID-19 Pandemic (with Ronnie Chatterji) R&R at Strategic Management Journal

Blockbusters, Sequels, and the Nature of Innovation (with Wes Cohen, Matt Higgins, and Will Miles) R&R at Strategic Management Journal

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​Product Variety and Geographic Expansion under Demand Heterogeneity: Evidence from Japanese Scanner Data

The Aging Consumer: Demand Inertia and the Composition of Innovation under Population Aging (with Maria Zhu)

Gray Areas: How Firm-Level Strategies Shape Workforce Age Distributions (with Ines Black, Sharique Hasan, and Maria Zhu)

​Work in progress

Intensive and Extensive Margins of Multiproduct Firms in Digital Markets (with Mina Taniguchi) 
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