Taro Kanatani Graduate School of Social Sciences, Hiroshima University   1-2-1 Kagamiyama Higashi-Hiroshima, Hiroshima 7398525 Japan   kanatani@hiroshima-u.ac.jp   http://www.geocities.jp/kanatanit/   Biographical Sketch: B.A. in Economics, Kyoto University, March 2000. M.A. in Economics, Kyoto University, March 2002. Ph.D. in Economics, Kyoto University, March 2005.       JEL Areas: C1 : Econometric and Statistical Methods: General G3 : Corporate Finance and Governance: General