Duality in option pricing based on prices of other derivatives. - Michi Nishihara; Mutsunori Yagiura; Toshihide Ibaraki (Oper. Res. Lett., 2007)

Evaluation of firm's loss due to incomplete information in real investment decision. - Michi Nishihara; Masao Fukushima (Eur. J. Oper. Res., 2008)

The agency problem between the owner and the manager in real investment: The bonus-audit relationship. - Michi Nishihara; Takashi Shibata 002 (Oper. Res. Lett., 2008)

Computing Bounds on Risk-neutral Distributions from the Observed Prices of Call Options. - Michi Nishihara; Mutsunori Yagiura; Toshihide Ibaraki (Asia Pac. J. Oper. Res., 2010)

Hybrid or electric vehicles? A real options perspective. - Michi Nishihara (Oper. Res. Lett., 2010)

Interactions between investment timing and management effort under asymmetric information: Costs and benefits of privatized firms. - Takashi Shibata 002; Michi Nishihara (Eur. J. Oper. Res., 2011)

Real options with synergies: static versus dynamic policies. - Michi Nishihara (J. Oper. Res. Soc., 2012)

Investment timing, debt structure, and financing constraints. - Takashi Shibata 002; Michi Nishihara (Eur. J. Oper. Res., 2015)

Default and liquidation timing under asymmetric information. - Michi Nishihara; Takashi Shibata 002 (Eur. J. Oper. Res., 2017)

Optimal patent policy in the presence of vertical separation. - Haejun Jeon; Michi Nishihara (Eur. J. Oper. Res., 2018)

Closed-form solution to a real option problem with regime switching. - Michi Nishihara (Oper. Res. Lett., 2020)

The effects of asset liquidity on dynamic sell-out and bankruptcy decisions. - Michi Nishihara; Takashi Shibata 002 (Eur. J. Oper. Res., 2021)

Target-initiated takeover with search frictions. - Michi Nishihara (Eur. J. Oper. Res., 2023)

Optimal capital structure with earnings above a floor. - Michi Nishihara; Takashi Shibata 002 (Eur. J. Oper. Res., 2025)