Faculty Profiles - YEH, TSUNG-MING

写真a

YEH, TSUNG-MING

Organization

Faculty of Economics Department of Economic Engineering Professor
School of Economics Department of Economic Engineering（Concurrent）
Graduate School of Economics Department of Economic Engineering（Concurrent）

External link

Research Areas

Humanities & Social Sciences / Money and finance
Humanities & Social Sciences / Business administration

Degree

PhD (Management)

Research Interests・Research Keywords

Research theme： Financial literacy

Keyword： Financial literacy

Research period： 2024
Research theme：企業統治

Keyword：企業統治

Research period： 2024
Research theme： M&A

Keyword： M&A

Research period： 2024
Research theme： ESG and Firm Value

Keyword： ESG

Research period： 2023.4
Research theme： Analysis of financial education, financial literacy and decision-making

Keyword： financial literacy, financial education

Research period： 2016.9 - 2021.3
Research theme： Economic analysis of corporate governance, restructuring and M&A

Keyword： corporate governance, M&A, anti-takeover defense, shareholder proposal, restructuring

Research period： 1997.4 - 2018.3

Awards

台湾財務金融学会研究論文賞

2019.5 2019 International Conference of Taiwan Finance Association （台湾財務金融学会）

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論文"How financial literacy can contribute to retirement savings: an empirical research"
国際ビジネス研究学会学会賞

2013.11 国際ビジネス研究学会
日本経営財務究学会学会賞

2013.10 日本経営財務究学会
経営行動科学学会・学会賞（研究奨励賞）

2008.11 経営行動科学学会

Papers

Financial Teaching by Parents and Financial Education at School or Workplace: Evidence from Japan Reviewed International journal

@Tsung-ming Yeh

Financial Services Review 2023.6

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Language：English Publishing type：Research paper (scientific journal)

This study investigates the differential roles of financial socialization within the family versus financial education at school or the workplace, using data from a representative sample of 25,000 Japanese individuals. The results indicate that different platforms may play different roles. While the adults’ short-term financial behaviors, which involve regular feedback and immediate consequences for deviation, are primarily related to their parent’s financial advising in childhood, long-term financial behaviors, which require complex planning and decision-making, are primarily related to financial education received at school or the workplace. The results also suggest the benefits of accumulating financial experiences and education in different stages.
Accounting Comparability and Earnings Management Strategies: Evidence from Southeast Asian Countries Reviewed International journal

#Yeni Januarsi, Tsung-Ming Yeh

Emerging Markets Finance and Trade 2022.5

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Language：English Publishing type：Research paper (scientific journal)

We examined the effect of accounting comparability on the use of accrual
earnings management (AEM) and real earnings management (REM) among
five members of the Association of Southeast Asian Nations. Analyzing 1,195
listed non-financial companies from 2014 to 2017, we find that more comparable
accounting information between firms induces managers to engage
in more REM and less AEM, supporting the substitute hypothesis. The results
remain similar under the robustness tests. Our results suggest that reporting
and legal environment factors may affect cost-benefit considerations versus
incentives for using earnings management strategies.

DOI： 10.1080/1540496X.2022.2075258

Other Link： https://doi.org/10.1080/1540496X.2022.2075258
Confidence in Financial Literacy, Stock Market Participation, and Retirement Planning Reviewed International journal

Tsung-ming Yeh,@Yue Ling

Journal of Family and Economic Issues 2021.5

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Language：English Publishing type：Research paper (scientific journal)

This study investigated whether overconfidence with respect to one’s financial literacy affects stock market participation and retirement preparation and if so, how. Using an effective sample of 12,653 Japanese individuals, the empirical results confirm that financial literacy plays a
positive role, while confidence in financial literacy also matters. For people with relatively low financial literacy, overconfidence can encourage taking financial action, while for people with high financial literacy, underconfidence can deter action. Confidence could have an effect equal
to or greater than financial literacy. Moreover, it was also found that the positive effect of overconfidence is weaker for women than for men.

DOI： https://doi.org/10.1007/s10834-021-09769-1

Repository Public URL： http://hdl.handle.net/2324/4798367
An empirical study on how financial literacy contributes to preparation for retirement Reviewed International journal

Tsung-ming Yeh

Journal of Pension Economics and Finance 2020.8

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Language：English

This study provides empirical evidence on the mechanisms through which financial literacy may be associated with saving for retirement, in the three phases of the decision-making process—information perception, information search and evaluation, and decision-making and implementation. The results indicate that financial literacy has significantly positive effects on one’s awareness of post-retirement financial needs, comparing alternatives when purchasing financial products, displaying fewer present-time, and planning for and setting aside funds for retirement. Financial literacy not only directly contributes to planning for future, but also indirectly via a reduction in behavioral biases.

DOI： 10.1017/S1474747220000281

Repository Public URL： http://hdl.handle.net/2324/4485345
Determinants and consequences of shareholder proposals: The cases of board election, charter amendment, and profit disposal Reviewed

Tsung-ming Yeh

JOURNAL OF CORPORATE FINANCE 45 245 - 261 2017.8

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Language：English Publishing type：Research paper (scientific journal)

By investigating shareholder proposals in Japan during 2004-2013, this study aims to address the question whether exercising legally powerful shareholder rights has an impact on the management. Compared with their counterparts in the United States, Japanese shareholders are entitled to more statutory rights, including binding shareholder resolutions on issues relating to board election, charter amendment, and profit disposal. The empirical tests reveal several important results. First, different types of shareholder proposals are triggered by varying firm characteristics. Second, resolutions on the board election and charter amendments relating to corporate governance receive higher votes than those for profit disposal. Voting outcome is also positively associated with foreign shareholding, duration of the general meeting, and the firm's history of receiving proposals. Moreover, resolutions initiated by large shareholders have positive impacts on the target firms, which reported positive announcement-associated abnormal returns. Improvements in the operating performance are observed for firms passing board election resolutions and firms receiving charter amendment proposals from large shareholders. The management also increased share buyback and dividend payout in response to demands by large shareholders, although there was no significant change in the post-resolution operating performance. Overall, the results indicate that statutorily powerful shareholder rights, when exercised by large shareholders, can have a positive impact. (C) 2017 Elsevier B.V. All rights reserved.

DOI： 10.1016/j.jcorpfin.2017.05.004
Do Private Equity Funds Increase Firm Value? Evidence from Japanese Leveraged Buyouts Reviewed International journal

Tsung-ming Yeh

Journal of Applied Corporate Finance 24 ( 4 ) 2012.12

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Language：English Publishing type：Research paper (scientific journal)

Abstract

The author summarizes the findings of his recent study of 62 buyouts of listed Japanese companies by both Japanese and “foreign” private equity funds that were transacted between 2000 and 2007. Roughly half of the author's sample of transactions were accomplished by means of takeover bids by PE funds, and such deals were transacted at prices that represented a premium (of roughly 12%) to current market values. Most of the other PE transactions were privately negotiated deals in which the purchase prices involved discounts (of about 15% on average) to current value. For both sets of deals, however, the announcements of such buyouts were associated, on average, with a significantly positive stock market reaction.
By the cutoff date of the study (May 2010), 30 of the 62 acquired firms had realized “exits.” Those companies (though not the others) experienced significant average improvements in operating performance; and the extent of such improvements were roughly consistent with the size of the positive market reaction to the buyout announcements. The test results suggest that the value increases can be attributed to the more efficient use of assets and reduction of operating costs. Meanwhile, there was no evidence suggesting that the acquired firms cut back on their research and development, capital investments, or employee wages and growth. What's more, examination of the operating performance of the 30 companies after their exits showed no deterioration in profitability or investment spending.

DOI： 10.1111/j.1745-6622.2012.00405.x
The Effect of IFRS Adoption on Acquisition Premiums: Evidence from Selected ASEAN Countries International coauthorship International journal

Yeni Januarsi and Tsung-ming Yeh

HANDBOOK OF FINANCIAL ECONOMETRICS, STATISTICS, TECHNOLOGY, AND RISK MANAGEMENT 4114 - 4138 2025.5

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Language：English Publisher：World Scientific Publishing Co Pte Ltd

DOI： https://doi.org/10.1142/9789819809950_0126
Governance, Risk Taking and Default Risk during the Financial Crisis: the Evidence of Japanese Regional Banks Reviewed International journal

Tsung-ming Yeh

Corporate Governance: The International Journal of Business in Society 17 ( 2 ) 2017.4

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Language：English Publishing type：Research paper (scientific journal)

DOI： 10.1108/CG-02-2016-0027
Large Shareholders, Shareholder Proposals, and Firm Performance: Evidence from Japan Reviewed

Tsung-Ming Yeh

CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW 22 ( 4 ) 312 - 329 2014.7

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Language：English Publishing type：Research paper (scientific journal)

Manuscript Type: Empirical
Research Question/Issue: Previous studies, primarily based on evidence from the United States, fail to link shareholder activism to firm performance, with one explanatory factor being that the legal and regulatory system in the United States limits the anti-director rights of shareholders. This study is motivated by the question of whether legally binding shareholder resolutions can pressure management to improve firm performance and to enhance firm value.
Research Findings/Insights: By investigating 135 publicly listed Japanese firms which received shareholder resolutions from 2004 to 2010, this study finds supportive evidence for shareholder proposals. Announcement-associated abnormal returns are higher for firms receiving election-related proposals by large sponsors, than those unrelated to board election. Furthermore, an improving trend begins to appear in the post-resolution year, particularly significant for firms receiving proposals to remove board members.
Theoretical/Academic Implications: This study provides new evidence suggesting that large shareholder activism in Corporate Japan can perform roles that used to be played by main banks before the 1990s. It also suggests that in countries where there is no active takeover market, large shareholders can effectively discipline entrenched management through active engagement.
Practitioner/Policy Implications: This study offers insights to corporate managers on the importance of communicating with large shareholders and addressing their concerns.

DOI： 10.1111/corg.12052
The effects of anti-takeover measures on Japanese corporations Reviewed International journal

Tsung-ming Yeh

Review of Quantitative Finance and Accounting 42 ( 2 ) 2014.5

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Language：English Publishing type：Research paper (scientific journal)

DOI： 10.1007/s11156-013-0361-0
日本企業の欧州での企業買収効果と買収先の法制度との関係について Reviewed

葉聰明

国際ビジネス研究 2 ( 2 ) 2010.9

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Language：Japanese Publishing type：Research paper (scientific journal)

The Effect of Legal Systems on the Performance of Japanese Buyouts in Europe
スキーインターハイが開催地域にもたらす経済効果の推計：秋田県鹿角花輪インターハイを事例として Reviewed

加藤清孝, 葉聰明

スポーツマネジメント研究 2 ( 1 ) 2010.2

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Language：Japanese Publishing type：Research paper (scientific journal)

Estimating the Impact of the Inter-High School Ski Championship on the Host City's Economy
プロバスケットボールクラブ設立が地方都市にもたらす経済効果の推計―bjリーグクラブ設立を目指す秋田県を事例として Reviewed

加藤清孝, 葉聰明

スポーツ産業学研究 19 ( 1 ) 2009.11

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Language：Japanese Publishing type：Research paper (scientific journal)

The Impact of the Proposed Professional Basketball Club on Akita Economy
台湾企業の大株主支配，ディスクロージャーと企業価値に関する実証分析 Reviewed

葉聰明

経営行動科学 21 ( 2 ) 2008.8

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Language：Japanese Publishing type：Research paper (scientific journal)

The Controlling Shareholders, Disclosure and Firm Value: An Analysis of Taiwanese Firms
Bank Directorship and Bidder’s Returns in Japanese Takeovers Reviewed

Tsung-ming Yeh

経営行動科学（Japanese Journal of Administrative Science） 20 ( 2 ) 2007.6

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Language：English Publishing type：Research paper (scientific journal)
The Impact of M&A on the Shareholders’ Wealth? From the Evidence of Taiwanese Corporations" Reviewed

Tsung-ming Yeh

The Developing Economies 40 ( 4 ) 553 - 563 2002.12

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Language：English Publishing type：Research paper (scientific journal)

The impact of M&As on shareholder wealth: Evidence from Taiwanese corporations
This study, using forty-six M&A events in Taiwan between 1987 and 1998, investigates the effects of M&As on shareholder wealth. The shareholders of the acquiring firms gain modestly positive abnormal returns around the announcement dates. We also distinguish M&As of different purposes, finding that M&As for technology-acquiring purposes are most favored by the market, while vertical M&As are detrimental to shareholder wealth.
Productivity and operating performance of Japanese merging firms: Keiretsu-related and independent mergers Reviewed

Tsung-ming Yeh, @Yasuo Hoshino

JAPAN AND THE WORLD ECONOMY 14 ( 3 ) 347 - 366 2002.8

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Language：English Publishing type：Research paper (scientific journal)

This paper aims to investigate the effects of mergers on the firms' operating performance and the Keiretsu's roles in the performance variation. This is motivated by the contradicting arguments whether Japanese Keiretsu can effectively control agency conflicts and increase firm efficiency. Examining 86 Japanese corporate mergers completed from 1970 to 1994, we found that: (1) Japanese mergers failed to improve the firm efficiency, and even caused deterioration in the firms' operating performances; (2) the Keiretsu relationship was particular detrimental to the merging firms' post-merger performance. (C) 2002 Elsevier Science B.V. All rights reserved.

DOI： 10.1016/S0922-1425(01)00081-0
Shareholders' Wealth, Bank Control, and Large Shareholders - An Analysis of Japanese Mergers Reviewed

Tsung-ming Yeh, Yasuo Hoshino

経営財務研究 21 ( 2 ) 2001.12

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Language：English Publishing type：Research paper (scientific journal)
The Effects of Mergers and Acquisitions on Taiwanese Corporations Invited Reviewed International journal

Tsung-ming Yeh, Yasuo Hoshino

Review of Pacific Basin Financial Markets and Policies 3 ( 2 ) 2000.6

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Language：English Publishing type：Research paper (scientific journal)

DOI： 10.1142/S0219091500000108

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Books

経営行動科学ハンドブック

葉聰明

2011.10

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Language：Japanese
日本企業の合併買収と企業統治

葉聰明（Role：Sole author）

白桃書房 2011.10

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Language：Japanese Book type：Scholarly book

M&A and Corporate Governance in Japan
台湾のコーポレートガバナンスと企業価値

葉聰明（Role：Sole author）

白桃書房 2008.8

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Language：Japanese Book type：Scholarly book

Corporate Governance and Firm Value in Taiwan

Presentations

How financial literacy can contribute to retirement savings: an empirical research International conference

Tsung-ming Yeh

2019 International Conference of Taiwan Finance Association 2019.5

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Event date： 2019.5

Language：English Presentation type：Oral presentation (general)

Venue：National Taiwan University Country：Taiwan, Province of China

This study aims to provide empirical evidence on the mechanisms through which financial literacy may be associated with the behaviors of saving for retirement, in the three phases of decision-making process – information perception, information search and evaluation, and decision-making and implementation. Empirical results indicate that, after accounting for various control variables, financial literacy has significantly positive effects on one’s awareness of post-retirement financial needs, comparing with alternative products when making significant financial decisions, displaying less behavioral biases, planning for and successfully securing post-retirement funds, and experiencing fewer financial disputes. The results can provide explanations for the findings of previous studies as to why people with higher financial literacy accumulate greater net wealth, make wiser financial decisions, or are more likely to invest in the stock market.
Digital financial literacy and financial behaviors: Evidence from Japan

Financial Literacy Workshop

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Event date： 2025.3

Venue：京都産業大学
The Impact of ESG Practice on Firm Value and the Moderating Effect of Financial Constraints International conference

2024 International Conference of Taiwan Finance Association 2024.6

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Event date： 2024.6

Country：Taiwan, Province of China
The Impact of ESG Practice on Firm Value: Evidence from China International conference

@Tsung-ming Yeh

Asia Sustainability andESG Summit 2023.8

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Event date： 2023.8

Language：English Presentation type：Oral presentation (general)

Venue：BANGKOK Country：Thailand
Financial Literacy, Financial Education, and Financial Well-being during the COVID-19 Pandemic: Evidence from Japan” International conference

@Tsung-ming Yeh

The 14th Biennial Conference of Asian Consumer and Family Economics Association 2023.7

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Event date： 2023.7

Language：English Presentation type：Oral presentation (general)

Venue：日本北九州市 Country：Japan
Financial literacy, financial education, and financial well-being during the COVID-19 pandemic: Evidence from Japan International conference

@Tsung-ming Yeh

2023 International Conference of Taiwan Finance Association 2023.6

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Event date： 2023.6

Language：English Presentation type：Oral presentation (general)

Venue：Taichung Country：Taiwan, Province of China
The Effect of IFRS Adoption on Equity Acquisition Premiums: Evidence from Selected ASEAN Countries International conference

#Yeni Januarsi, Tsung-ming Yeh

The 30th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management 2022.5

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Event date： 2022.5

Language：English Presentation type：Oral presentation (general)

Venue：Online Country：Japan
The effect of financial education at home, school, or workplace on financial behaviors International conference

Tsung-ming Yeh

JFA-PBFJ Special Issue Conference 2022.3

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Event date： 2022.3

Language：English Presentation type：Oral presentation (general)

Venue：Online Country：Japan
Accounting Comparability and Earnings Management Switch-off: Evidence from ASEAN Countries International conference

#Yeni Januarsi, Tsung-Ming Yeh

The 29th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management 2021.9

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Event date： 2021.9

Language：English Presentation type：Oral presentation (general)

Venue：Online Country：Japan
Accounting Comparability and Earnings Management Switch-off: Evidence from ASEAN Countries

#Yeni Januarsi, Tsung-ming Yeh

Kyushu University Finance Workshop 2021.1

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Event date： 2021.1

Language：English Presentation type：Oral presentation (general)

Venue：Online Country：Japan
An Empirical Analysis of Private Equity Buyouts via Private Investment in Public Equity vs. Tender International conference

Tsung-ming Yeh

32 Australasian Finance and Banking Conference 2019.12

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Event date： 2019.12

Language：English Presentation type：Oral presentation (general)

Venue：Sydney Country：Australia
An Empirical Analysis of Private Equity Buyouts via Private Investment in Public Equity vs. Tender Offer International conference

Tsung-ming Yeh

28th Conference on the Theories and Practices of Securities and Financial Markets 2019.12

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Event date： 2019.12

Language：English Presentation type：Oral presentation (general)

Venue：National Sun Yat-sen University Country：Taiwan, Province of China
An Empirical Analysis of Private Equity Buyouts via Private Investment in Public Equity vs. Tender Offer International conference

Tsung-ming Yeh

2019 International Corporate Governance Society Conference 2019.10

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Event date： 2019.10

Language：English Presentation type：Oral presentation (general)

Venue：University of Essex Country：United Kingdom
How financial literacy can contribute to retirement savings: an empirical research Invited International conference

Tsung-ming Yeh

2019 National Taiwan Normal University (NTNU)-Kyushu University (Kyushu U) Joint Forum on Facilitating Interdisciplinary Research and Education 2019.5

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Event date： 2019.5

Language：English Presentation type：Oral presentation (general)

Venue：台湾師範大学 Country：Taiwan, Province of China
How financial literacy can contribute to retirement savings: an empirical research Invited

Tsung-ming Yeh

アジア成長研究所セミナー 2019.2

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Event date： 2019.5

Language：English Presentation type：Oral presentation (general)

Venue：アジア経済研究所，北九州市 Country：Japan
Do Institutional and CulturalDistances Matter in Cross-border Investments?（制度・文化距離とクロスボーダー投資に関する実証研究）

Tsung-ming Yeh

国際ビジネス研究学会 2018.11

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Event date： 2019.5

Language：Japanese Presentation type：Oral presentation (general)

Venue：早稲田大学 Country：Japan
How Financial Literacy Can Contribute to Retirement Savings: An Empirical Research International conference

Tsung-ming Yeh

31st Australasian Finance and Banking Conference 2018.12

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Event date： 2019.5

Language：English Presentation type：Oral presentation (general)

Venue：Sydney Country：Australia
How financial literacy can contribute to retirement savings: an empirical research International conference

Tsung-ming Yeh

27th Conference on the Theories and Practices of Securities and Financial Markets 2018.12

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Event date： 2019.5

Language：English Presentation type：Oral presentation (general)

Venue：National Sun Yat-sen University Country：Taiwan, Province of China
The Modes of Buyouts: Tender Offer versus Private Placement of Equity International conference

Tsung-ming Yeh

Asian Finance Association 2018.6

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Event date： 2018.6

Language：English Presentation type：Oral presentation (general)

Venue：Tokyo Country：Japan
The Modes of Buyouts and Private Benefits of Control International conference

葉聰明

International Conference and Annual Meeting of Taiwan Finance Association 2018.5

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Event date： 2018.5

Language：English

Venue：National Chen-Chi University Country：Taiwan, Province of China
Private Equity Buyouts and Private Benefits of Control International conference

葉聰明

25th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management 2017.11

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Event date： 2017.11

Language：English

Venue：Grand Copthorne Waterfront Hotel Country：Singapore
Private Equity Buyouts and Private Benefits of Control

葉聰明

日本経営財務研究学会 2017.9

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Event date： 2017.9

Language：English

Venue：関西大学 Country：Japan
The Effect of Takeover Defenses on the Japanese Firms’ Value International conference

葉聰明

The 19th Annual Conference on PBFEAM 第十九屆亞太財務經濟會計及管理會議 2011.7

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Language：English

Venue：台湾台北 Country：Other

The Effect of Takeover Defenses on the Japanese Firms’ Value
買収ファンドは日本企業の企業価値を向上させるのか

葉聰明

日本経営財務研究学会第35回全国大会 2011.10

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Language：Japanese

Venue：大阪市立大学 Country：Other
Do buyouts by equity funds enhance firm value in Japan?Rutgers University International conference

葉聰明

The 20th Annual Conference on PBFEAM 2012.9

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Language：English

Country：Other

Do buyouts by equity funds enhance firm value in Japan?Rutgers University
The Effects of the Shareholder Activism in the Form of Shareholder Proposal: Evidence from Japanese Companies

葉聰明

：日本経営財務研究学会第35回全国大会 2012.10

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Language：Japanese

Country：Other

The Effects of the Shareholder Activism in the Form of Shareholder Proposal: Evidence from Japanese Companies
The Effects of the Shareholder Activism in the Form of Shareholder Proposal: Evidence from Japanese Companies International conference

葉聰明

The 8th International Conference on Asian Financial Markets and Economic Development 2012.11

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Language：English

Country：Other

The Effects of the Shareholder Activism in the Form of Shareholder Proposal: Evidence from Japanese Companies
Large Shareholders, Shareholder Proposals, and Firm Performance: Evidence from Japan International conference

葉聰明

The 21th Annual Conference on PBFEAM 2013.7

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Language：English

Country：Other

Large Shareholders, Shareholder Proposals, and Firm Performance: Evidence from Japan
Corporate Governance in Taiwan and Japan Invited International conference

葉聰明

愛知大学国際問題研究所第四回講演会 2014.3

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Language：English

Country：Other

Corporate Governance in Taiwan and Japan

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MISC

「台湾と日本のコーポレートガバナンスへの考察」

葉聰明

交流 2013.2

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Language：Japanese
台湾での秋田PRの現状と秋田の今後の課題に関する調査

葉聰明

『あきた経済』 2007.3

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Language：Japanese

Works

ひらめき☆ときめきサイエンス～ようこそ大学の研究室へ～KAKENHI（研究成果の社会還元・普及事業）『株式投資で社会貢献をしよう』

2010

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Professional Memberships

Japanese Association of Administrative Science

- 2025.5
Nippon Finance Association

- 2025.5

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Japan Finance Association
Japan Academy of international Business Studies

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Taiwan Finance Association

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Committee Memberships

評議員 Councilor Domestic

2019.10 - 2022.9
経営行動科学学会理論方法研究部会長

2016.4 - Present

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Committee type：Academic society

researchmap
理論・方法研究部会長理論・方法研究部会長 Domestic

2016.4 - 2020.3

Academic Activities

Screening of academic papers

Role(s)： Peer review

2024

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Type：Peer review
Screening of academic papers

Role(s)： Peer review

2023

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Type：Peer review

Number of peer-reviewed articles in foreign language journals：1

Number of peer-reviewed articles in Japanese journals：1
日本経営財務

2022.12 - 2023.11

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Type：Academic society, research group, etc.
Program Co-chair International contribution

JFA－PBFJ Special Issue Conference （ ONLINE Japan ） 2022.3

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Type：Competition, symposium, etc.
Screening of academic papers

Role(s)： Peer review

2021

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Type：Peer review

Number of peer-reviewed articles in foreign language journals：4

Proceedings of International Conference Number of peer-reviewed papers：10
科学研究費委員会専門委員

Role(s)： Review, evaluation

日本学術振興会 2020.12 - 2021.11

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Type：Scientific advice/Review
その他

日本経営財務研究学会西日本部会研究会（ Japan ） 2020.8

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Type：Competition, symposium, etc.
Screening of academic papers

Role(s)： Peer review

2020

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Type：Peer review

Number of peer-reviewed articles in foreign language journals：3

Number of peer-reviewed articles in Japanese journals：2

Proceedings of International Conference Number of peer-reviewed papers：0

Proceedings of domestic conference Number of peer-reviewed papers：7
その他 International contribution

The 3２nd Australasian Finance and Banking Conference (AFBC) （ Sydney Australia Australia ） 2019.12

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Type：Competition, symposium, etc.
科学研究費委員会専門委員

Role(s)： Review, evaluation

日本学術振興会 2019.12 - 2020.11

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Type：Scientific advice/Review
科学研究費委員会専門委員

Role(s)： Review, evaluation

日本学術振興会 2018.12 - 2019.11

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Type：Scientific advice/Review
企業統治と会社法の経済学（上場企業における株主提案に関する経済分析）

2018.12 - 2019.3

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Type：Academic society, research group, etc.
Screening of academic papers

Role(s)： Peer review

2018

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Type：Peer review

Number of peer-reviewed articles in foreign language journals：3

Number of peer-reviewed articles in Japanese journals：0

Proceedings of International Conference Number of peer-reviewed papers：1

Proceedings of domestic conference Number of peer-reviewed papers：0
科学研究費委員会専門委員

Role(s)： Review, evaluation

日本学術振興会 2014.11 - 2015.11

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Type：Scientific advice/Review
経営行動科学ハンドブック

2011.4 - 2012.3

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Type：Academic society, research group, etc.
経営行動科学

2008.4 - Present

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Type：Academic society, research group, etc.
経営行動科学

Role(s)： Review, evaluation

2008.4

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Type：Peer review

researchmap

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Research Projects

クロスボーダーM&Aと文化的要因～文化的距離，時間選好，リスク選好の影響について

Grant number：22K01555 2022 - 2024

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)

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Authorship：Principal investigator Grant type：Scientific research funding
財務意思決定における金融リテラシーの役割とメカニズムへの解明

2021

トランスコスモス財団・2021年度研究助成

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Authorship：Principal investigator Grant type：Contract research
トランスコスモス財団・2021年度研究助成/財務意思決定における金融リテラシーの役割とメカニズムへの解明

2021

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Grant type：Donation
コーポレートガバナンスと経験：新しいデータ構築と実証的解明への挑戦

Grant number：19H01507 2019 - 2022

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (B)

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Authorship：Coinvestigator(s) Grant type：Scientific research funding
クロスボーダー投資の効果における文化・制度・心理距離の影響に関する実証分析

2019 - 2020

村⽥学術振興財団研究助成

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Authorship：Principal investigator Grant type：Contract research
経済リテラシー，行動バイアス，および財務行為との関係に関する研究

2019 - 2020

野村財団社会科学研究助成

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Authorship：Principal investigator Grant type：Contract research
村田学術振興財団研究助成

2019

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Grant type：Donation
野村財団社会科学研究助成

2019

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Grant type：Donation
An Empirical Analysis of Private Equity Buyouts via PIPE vs TOB

2019

令和元年度研究活動基礎支援制度「国際学会派遣支援」

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Authorship：Principal investigator Grant type：On-campus funds, funds, etc.
日本における金融リテラシーとファイナンシャル意思決定の関係についての研究

2017 - 2020

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)

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Authorship：Principal investigator Grant type：Scientific research funding
日本における金融リテラシーとファイナンシャル意思決定に関する実証研究

2017 - 2018

野村マネジメントスクール研究助成

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Authorship：Principal investigator Grant type：Contract research
野村マネジメントスクール研究助成・日本における金融リテラシーとファイナンシャル意思決定に関する実証研究

2017

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Grant type：Donation
Private Equity Buyouts and Private Benefits of Control

2017

平成２９年度研究活動基礎支援制度「国際学会派遣支援」

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Authorship：Principal investigator Grant type：On-campus funds, funds, etc.
機関投資家のガバナンス介入や買収防衛策の導入に関する実証研究：日本企業を中心に

2013 - 2016

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)

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Authorship：Principal investigator Grant type：Scientific research funding
『機関投資家のガバナンス介入や買収防衛策の導入に関する実証研究：日本企業を中心に』

2013 - 2016

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)

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Authorship：Principal investigator Grant type：Scientific research funding
日本企業の合併買収と企業統治

2011

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Publication of Scientific Research Results

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Authorship：Principal investigator Grant type：Scientific research funding
日本のコーポレートガバナンスにおける機関投資家の役割に関する実証研究

2010 - 2012

Grants-in-Aid for Scientific Research Grant-in-Aid for Young Scientists (B)

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Authorship：Principal investigator Grant type：Scientific research funding
日本のコーポレートガバナンスにおける機関投資家の役割に関する実証研究

2010 - 2012

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)

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Authorship：Principal investigator Grant type：Scientific research funding
日本のM&A市場と企業統治の関係についての実証研究

2007 - 2008

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)

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Authorship：Principal investigator Grant type：Scientific research funding
日本のM&A市場と企業統治の関係についての実証研究

2007 - 2008

Grants-in-Aid for Scientific Research Grant-in-Aid for Young Scientists (B)

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Authorship：Principal investigator Grant type：Scientific research funding
国際合併・買収と企業価値：日本企業の場合

2004

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)

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Grant type：Scientific research funding
『国際合併・買収と企業価値：日本企業の場合』

2004

（台湾）国家科学委員会補助

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Authorship：Principal investigator Grant type：Contract research
日本と台湾の企業合併・買収に関する比較分析

1999 - 2002

Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C)

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Grant type：Scientific research funding

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Class subject

（IP）Japanese Economy

2024.12 - 2025.2 Winter quarter
（IP）Topics in Economics2 (Corporate Governance) (FBE)

2024.10 - 2025.3 Second semester
（IP）Finance (FBE)

2024.10 - 2025.3 Second semester
企業経済分析特研Ⅱ

2024.10 - 2025.3 Second semester
ファイナンス

2024.10 - 2025.3 Second semester
応用ファイナンス

2024.10 - 2025.3 Second semester
経済工学演習③

2024.4 - 2025.3 Full year
経済工学演習④

2024.4 - 2025.3 Full year
現代経済事情

2024.4 - 2024.9 First semester
（IP）Business Economics (FBE)

2024.4 - 2024.9 First semester
企業経済分析特研Ⅰ

2024.4 - 2024.9 First semester
企業経済学

2024.4 - 2024.9 First semester
（IP）Finance (FBE)

2023.10 - 2024.3 Second semester
（IP）Topics in Economics2 (Corporate Governance) (FBE)

2023.10 - 2024.3 Second semester
ファイナンス

2023.10 - 2024.3 Second semester
企業経済分析特研Ⅱ

2023.10 - 2024.3 Second semester
応用ファイナンス

2023.10 - 2024.3 Second semester
経済工学プレセミナー

2023.6 - 2023.8 Summer quarter
経済工学演習②

2023.4 - 2024.3 Full year
経済工学演習②

2023.4 - 2024.3 Full year
経済工学演習①

2023.4 - 2024.3 Full year
経済工学演習①

2023.4 - 2024.3 Full year
Supervision for Master's Thesis

2023.4 - 2024.3 Full year
現代経済事情

2023.4 - 2023.9 First semester
（IP）Business Economics (FBE)

2023.4 - 2023.9 First semester
企業経済分析特研Ⅰ

2023.4 - 2023.9 First semester
企業経済学

2023.4 - 2023.9 First semester
Finance

2022.10 - 2023.3 Second semester
Topics in Economics2 (Corporate Governance) (FBE)

2022.10 - 2023.3 Second semester
ファイナンス

2022.10 - 2023.3 Second semester
企業経済分析特研Ⅱ

2022.10 - 2023.3 Second semester
応用ファイナンス

2022.10 - 2023.3 Second semester
基幹教育セミナー

2022.6 - 2022.8 Summer quarter
経済工学演習④

2022.4 - 2023.3 Full year
経済工学演習③

2022.4 - 2023.3 Full year
経済工学演習④

2022.4 - 2023.3 Full year
経済工学演習③

2022.4 - 2023.3 Full year
Supervision for Doctoral Thesis

2022.4 - 2023.3 Full year
現代経済事情

2022.4 - 2022.9 First semester
Business Economics (FBE)

2022.4 - 2022.9 First semester
企業経済分析特研Ⅰ

2022.4 - 2022.9 First semester
外国書講読１(英語経済）⑤

2022.4 - 2022.6 Spring quarter
外国書講読１(英語経済）④

2022.4 - 2022.6 Spring quarter
外国書講読１(英語経済）③

2022.4 - 2022.6 Spring quarter
外国書講読１(英語経済）②

2022.4 - 2022.6 Spring quarter
外国書講読１(英語経済）①

2022.4 - 2022.6 Spring quarter
Finance

2021.10 - 2022.3 Second semester
応用ファイナンス

2021.10 - 2022.3 Second semester
現代経済事情

2021.10 - 2022.3 Second semester
Topics in Economics2(Corporate Governance)

2021.10 - 2022.3 Second semester
ファイナンス

2021.10 - 2022.3 Second semester
企業経済分析特研Ⅱ

2021.10 - 2022.3 Second semester
経済工学基礎セミナー

2021.10 - 2021.12 Fall quarter
経済工学演習①

2021.4 - 2022.3 Full year
経済工学演習②

2021.4 - 2022.3 Full year
企業経済学

2021.4 - 2021.9 First semester
Business Economics

2021.4 - 2021.9 First semester
企業経済分析特研Ⅰ

2021.4 - 2021.9 First semester
企業経済分析特研Ⅱ

2020.10 - 2021.3 Second semester
現代経済事情

2020.10 - 2021.3 Second semester
課題協学科目

2020.10 - 2021.3 Second semester
課題協学科目

2020.10 - 2021.3 Second semester
課題協学科目

2020.10 - 2021.3 Second semester
Topics in Economics2(Corporate Governance)

2020.10 - 2021.3 Second semester
経済工学プレセミナー

2020.6 - 2020.8 Summer quarter
Supervision for Master's Thesis

2020.4 - 2021.3 Full year
経済工学演習④

2020.4 - 2021.3 Full year
経済工学演習③

2020.4 - 2021.3 Full year
経済工学演習④

2020.4 - 2021.3 Full year
経済工学演習③

2020.4 - 2021.3 Full year
Supervision for Master's Thesis

2020.4 - 2021.3 Full year
企業経済分析特研Ⅰ

2020.4 - 2020.9 First semester
Business Economics

2020.4 - 2020.9 First semester
企業経済分析特研Ⅱ

2019.10 - 2020.3 Second semester
Topics in Economics (Corporate Governance)

2019.10 - 2020.3 Second semester
経済工学プレセミナー

2019.6 - 2019.8 Summer quarter
Supervision for Master's Thesis

2019.4 - 2020.3 Full year
Research Workshop

2019.4 - 2020.3 Full year
リサーチ・ワークショップ

2019.4 - 2020.3 Full year
経済工学演習②

2019.4 - 2020.3 Full year
経済工学演習①

2019.4 - 2020.3 Full year
企業経済学

2019.4 - 2019.9 First semester
現代経済事情

2019.4 - 2019.9 First semester
Topics in Economics (Business Economics)

2019.4 - 2019.9 First semester
企業経済分析特研Ⅰ

2019.4 - 2019.9 First semester
Research Workshop

2018.10 - 2019.3 Second semester
Topics in Economics (Corporate Governance)

2018.10 - 2019.3 Second semester
企業経済分析特研Ⅱ

2018.10 - 2019.3 Second semester
企業経済分析特研Ⅱ

2018.10 - 2019.3 Second semester
経済工学基本演習

2018.10 - 2019.3 Second semester
経済工学演習③

2018.4 - 2019.3 Full year
Research Workshop

2018.4 - 2019.3 Full year
リサーチ・ワークショップⅢ

2018.4 - 2019.3 Full year
経済工学演習④

2018.4 - 2019.3 Full year
企業経済学

2018.4 - 2018.9 First semester
現代経済事情

2018.4 - 2018.9 First semester
Topics in Economics (Business Economics)

2018.4 - 2018.9 First semester
企業経済分析特研Ⅰ

2018.4 - 2018.9 First semester
経済工学特別演習

2018.4 - 2018.9 First semester
経済工学基本演習

2017.10 - 2018.3 Second semester
Topics in Economics (Corporate Governance)

2017.10 - 2018.3 Second semester
企業経済分析特研Ⅱ

2017.10 - 2018.3 Second semester
経済工学演習①

2017.4 - 2018.3 Full year
Research Workshop

2017.4 - 2018.3 Full year
経済工学演習②

2017.4 - 2018.3 Full year
企業経済学

2017.4 - 2017.9 First semester
現代経済事情

2017.4 - 2017.9 First semester
Topics in Economics (Business Economics)

2017.4 - 2017.9 First semester
企業経済分析特研Ⅰ

2017.4 - 2017.9 First semester

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FD Participation

2023.11 Role：Participation Title：九州大学の研究データ管理サービス

Organizer：[Undergraduate school/graduate school/graduate faculty]
2023.2 Role：Participation Title：教育の機会均等と合理的配慮の「適当性」

Organizer：[Undergraduate school/graduate school/graduate faculty]
2022.10 Role：Participation Title：経済学研究院FD研修会

Organizer：[Undergraduate school/graduate school/graduate faculty]
2021.9 Role：Participation Title：経済学研究院FD研修会

Organizer：[Undergraduate school/graduate school/graduate faculty]
2021.7 Role：Participation Title：COILとは

Organizer：University-wide
2020.10 Role：Participation Title：経済学部FD研修会

Organizer：[Undergraduate school/graduate school/graduate faculty]
2020.7 Role：Participation Title：経済学部FD研修会.

Organizer：[Undergraduate school/graduate school/graduate faculty]
2019.11 Role：Participation Title：経済学研究院ファカルティディベロップメント

Organizer：[Undergraduate school/graduate school/graduate faculty]
2019.7 Role：Participation Title：教育ファカルティディベロップメント

Organizer：[Undergraduate school/graduate school/graduate faculty]
2018.10 Role：Participation Title：MOODLEにおける学生評価の導入について

Organizer：[Undergraduate school/graduate school/graduate faculty]
2018.6 Role：Participation Title：新入試QUBE説明会

Organizer：University-wide
2018.6 Role：Participation Title：２０１７年度学生・教員アンケート『分析と提言』」

Organizer：[Undergraduate school/graduate school/graduate faculty]
2017.12 Role：Participation Title：【ＦＤ・ＳＤオープンセミナー】１２月７日（木）１５時～「魅力ある短期留学プログラムをつくる」

Organizer：University-wide
2017.11 Role：Participation Title：経済学研究院FD研修会（2017年11月1日　13：00～14：30）　「九州大学の国際戦略」

Organizer：[Undergraduate school/graduate school/graduate faculty]

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Visiting, concurrent, or part-time lecturers at other universities, institutions, etc.

2024 国際教養大学 Classification:Affiliate faculty Domestic/International Classification:Japan

Semester, Day Time or Duration：前期
2023 国際教養大学 Classification:Affiliate faculty Domestic/International Classification:Japan

Semester, Day Time or Duration：後期
2021 北九州市立大学・経済学部 Classification:Part-time lecturer Domestic/International Classification:Japan

Semester, Day Time or Duration：２０２１年度後期火曜日４限

Participation in international educational events, etc.

2023.12

九州大学

令和５年度第2 回九州大学大学院オンライン留学フェア

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Venue：Zoom Webinar もしくはMeeting
2022.10

九州大学

令和4 年度第2 回九州大学大学院オンライン留学フェア

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Venue：Zoom Webinar もしくはMeeting
2019.11

QS(Quacquarelli Symonds) Kyushu University

2019 QS APPLE (ASIA PACIFIC PROFESSIONAL LEADERS IN EDUCATION ) Conference and Exhibition

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Venue：Japan, Fukuoka
2016.3

Asia Pacific Association for International Education (APAIE)

APAIE (Asia Pacific Association for International Education (APAIE) 2017 CONFERENCE & EXHIBITION

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Venue：Australia, Melbourne
2014.11

QS

The 10th QS APPLE (ASIA PACIFIC PROFESSIONAL LEADERS IN EDUCATION ) Conference and Exhibition

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Venue：Taipei, Taiwan

Other educational activity and Special note

2023 Class Teacher 学部
2020 Class Teacher 学部
2019 Class Teacher 学部

Outline of Social Contribution and International Cooperation activities

2019 National Taiwan Normal University (NTNU)-Kyushu University (Kyushu U) Joint Forum
on Facilitating Interdisciplinary Research and Education, May 27~May 28, 2019.

２０１９　Visiting　University of Illinois Urbana-Champaign　for facilitating joint research and education activities

２０１９ March Visiting Rhode Island 　for facilitating joint research and education activities

Travel Abroad

2019.5

Staying countory name 1：United States Staying institution name 1：University of Illinois Urbana-Champaign
2019.5

Staying countory name 1：Taiwan, Province of China Staying institution name 1：台湾師範大学
2019.3

Staying countory name 1：United States Staying institution name 1：Rhode Island University

Information

Information

Research Areas

Research Areas

Degree

Degree

Research Interests・Research Keywords

Research Interests・Research Keywords

Awards

Awards

Papers

Papers

Books

Books

Presentations

Presentations

MISC

MISC

Works

Works

Professional Memberships

Professional Memberships

Committee Memberships

Committee Memberships

Academic Activities

Academic Activities

Research Projects

Research Projects

Class subject

Class subject

FD Participation

FD Participation

Visiting, concurrent, or part-time lecturers at other universities, institutions, etc.

Visiting, concurrent, or part-time lecturers at other universities, institutions, etc.

Participation in international educational events, etc.

Participation in international educational events, etc.

Other educational activity and Special note

Other educational activity and Special note

Outline of Social Contribution and International Cooperation activities

Outline of Social Contribution and International Cooperation activities

Travel Abroad

Travel Abroad