- DMS 7108
- 613-562-5800 x 4913
- Corporate social responsibility and corporate governance
- Credit rationing and liquidity constraints
- Entrepreneurial finance
- Financial crisis
- Firm performance
- Government initiatives
- Stock return volatility.
- Venture capital
Miwako Nitani holds a PhD in Finance from the Sprott School of Business, Carleton University, where her doctoral dissertation examined structural challenges in the Canadian venture capital sector. She has taught courses in statistics, equity valuation, and international financial management. She has contributed to policy-related research projects for Industry Canada and Export Development Canada, including: work related to the parliamentary review of the Business Development Bank of Canada and research that examines risk of loans in the Canada Small Business Financing Program. Her research has been published in academic journals such as Venture Capital: An International Journal of Entrepreneurial Finance, International Journal of Managerial Finance, International Small Business Journal, and International Business and Economics Research Journal.
Professor Nitani's research encompasses: the roles of banks and governments; junior stock exchanges; credit rationing; liquidity constraints and bank lending; corporate governance and insider trading; stock return volatility; thin-trading; liquidity premiums in stock prices; and the information content implied in stock option prices. A particular aspect of her research relates to the financing of entrepreneurial firms, including the evaluation of existing (and design of new) public policies. Overall, her research seeks to understand how to achieve smoother capital flows in Canada and wealth maximization for society as a whole. Her work identifies obstacles facing companies in need of capital and evaluates existing, and informs new, public policies in support of business creation and growth.
Publications during the last 7 years
Chapters in Books
Nitani, M. and Riding, A.L. Intervention, Venture Capital and Internationalization: A Case to Consider. In Scott, J. and Hussain, J.. International Research Handbook on Entrepreneurial Finance. London, UK: Edward Elgar Publishing, Inc., 2015.
Papers in Refereed Journals
Kong, S. **, Nitani, M. and Riding, A.L. 2016. On Cross-Border VC Investment in Canadian Firms. Venture Capital: An International Journal of Entrepreneurial Finance, 18(1): 63-93.
Nitani, M. and Legendre, N. **. 2016. On the Structure of the Venture Capital Sector: Implications for Performance. Kindai Management Review, 4: 71-86.
Nitani, M. and Riding, A.L. 2015. Risk Factors and the Canada Small Business Financing program. Journal of Small Business and Entrepreneurship, 27(3): 251-274.
Nitani, M., Carriere, B. ** and Bleackley, A. **. 2015. Recognizing Corporate Citizenship: Market Reactions. Journal of Sustainable Finance & Investment, 5(1-2): 85-102.
Nitani, M. and Riding, A.L. 2013. Fund Size and the Syndication of Venture Capital Investments. Venture Capital: An International Journal of Entrepreneurial Finance, 15(1): 53-75.
Nitani, M. and Riding, A.L. 2013. Growth R&D Intensity and Commercial Lender Relationships. Journal of Small Business and Entrepreneurship, 26(2): 109-124.
Funded Research during the last 7 years
|2015-2016||SSHRC||Financial Crises, Credit Guarantees, and Financing for Small- and Medium-Sized Enterprises||R||C||PI||$ 33,101|
|2015-2016||Undergraduate Research Opportunity Program (UROP)||Equity Crowdfunding: Current Situation in North America||R||I||PI||$ 1,000|
|2014-2017||SSHRC||Financing and the Growth of SMEs||R||C||Co-I||$ 82,070|
|2014||CREWW (Centre for Research and Education on Women and Work)||The Impact of Female-focused SME Interventions in Advanced Technology Sectors||R||O||Co-I||$ 5,000|
*Purpose = C: Contract (R and D), E: Equipment Grant, R: Research Grant, S: Support Award, P: Pedagogical Grant, O: Other, U: Unknown
**Type= C: Granting Councils, G: Government, F: Foundations, I: UO Internal Funding, O: Other, U: Unknown
Role: PI = Principal Investigator, Co-I = Co-Investigator, Co-PI = Co-Principal Investigator