F. TAKEDA

Keio Business School

E-mail: ftakeda [at] kbs.keio.ac.jp

April 9, 2024

Education 

Yale University, Ph.D. in Economics, December 2001

University of Tokyo, B.A. in Russian Studies, March 1991

Positions

[1] Academic Positions

Professor of Applied Empirical Economics, Keio University, Apr. 2022 - present.

     Graduate School of Business Administration, Apr. 2022 - present.

Associate Professor of Applied Economics, University of Tokyo, Mar. 2004 - Mar. 2022

     Department of Technology Management for Innovation, Apr. 2006 - Mar. 2022

     Department of Systems Innovation, Mar. 2004 - Mar. 2022

     Department of Geo-system Engineering, Mar. 2004 - Mar. 2008

Associate Professor of Economics, Yokohama City University, Apr. 2003 - Feb. 2004

     Faculty of Economics and Business Administration

Lecturer of Economics, Yokohama City University, Apr. 2002 - Mar. 2003

     Faculty of Economics and Business Administration

[2] Visiting Positions

Visiting Scholar, University of Illinois at Urbana-Champaign, July - September, 2015 

     V. K. Zimmerman Center for International Education and Research in Accounting

Visiting Professor, University of Alberta, April - June 2015

     Department of Finance and Statistical Analysis, School of Business

Visiting Professor, University of Alberta, Jan. - Dec. 2008

     Department of Finance and Management Science, School of Business

Visiting Associate Professor, Yale University, Sep. - Dec. 2007

     Council on East Asian Studies and Department of Economics

[3] Other Positions

Outside Audit & Supervisory Board Member, Mitsui O.S.K. Lines, Ltd., June 2023 - present.

Courses Taught

Keio Business School

     Graduate Applied Empirical Economics, 2022 - present (in Japanese)

     Graduate Japanese Business Environment -Institutions and Systems -, 2022 - present

University of Tokyo

     Undergraduate International Economics, 2004 - 2022 (in Japanese)

     Undergraduate Industrial Organization, 2005 - 2021 (in Japanese)

     Undergraduate Principles of Economics, 2004 (in Japanese)

     Graduate Economic Development of Japan, 2011 - 2014, 2016 - 2021.

     Graduate Principles of Economics, 2006 - 2007, 2009 - 2010 (in Japanese)

     Graduate International Financial Management, 2005 (in Japanese)

Yale University

     Undergraduate Economic Development of Japan, 2007

Yokohama City University

     Undergraduate International Economics, 2002 - 2003 (in Japanese)

     Undergraduate Principles of Economics, 2002 (in Japanese)

     Undergraduate Advanced Macroeconomics, 2003 (in Japanese)

Selected publications  (IF in 2021/2022)

[33]  "Empirical study on voting results and proxy advisor recommendations in Japan." (with H. Miyachi) Journal of International Financial Markets, Institutions, and Money 92, 101973, 2024 (IF: 4)

[32] "Effects of COVID-19 pandemic on the market value of Japanese gaming companies" (with C. Feng) forthcoming in Applied Economics, 2023 (IF: 2.2). 

[31] "Effects of shareholder proposals on the market value of Japanese firms" (with R. Sato) International Review of Economics and Finance  86: 320-333, 2023 (IF: 4.5)

[30] "Employing String Similarity Metrics of Partners to Estimate Audit Team Continuity: Determinant and Its Effects on Audit Outcomes and Pricing." (with Frendy) Journal of Accounting Literature 45(2): 314-339, 2023 (IF: 4.54)

[29] "Market reactions to proxy advisory companies’ recommendations in Japan." (with K. Masumoto) Finance Research Letters 50: 103331, 2022  (IF: 10.4). 

[28] "Do sentiment indices always improve the prediction accuracy of exchange rates? " (with T. Ito) Journal of Forecasting 41(4): 840-852, 2022  (IF: 3.4). 

[27] "Do Sport Sponsorship Announcements Help or Hurt Rival Sponsors’ Market Values?" Journal of Advertising Research 62(2): 167-176, 2022. (IF: 3.0341)

[26] "Application of Google Trends-based sentiment index in exchange rate prediction." (with T. Ito, M. Masuda, A. Naito, and F. Takeda) Journal of Forecasting 40(7): 1154-1178, 2021. (IF: 3.4)

[25] "The Impact of Information Technology Investment Announcements on the Market Value of the Japanese Regional Banks ." (with K. Takeda, T. Takemura, and R. Ueda) Finance Research Letters 41, 2021  (IF: 10.4). 

[24] "The Impact of Postponing the Olympics on Stock Markets." (with Y. Suenaga) International Advances in Economic Research 27(3): 219-232, 2021. (IF: 1.2)

[23] "Does athletes' performance influence a sponsor's stock-market value?" (with K. Mori and T. Morino) Journal of Advertising Research 60(4): 439-451, 2020 (IF: 3.0341)

[22] "IFRS adoption and accounting conservatism of Japanese firms with governance system transition." (with K. Shimamoto)  International Advances in Economic Research 26(2):  161-173, 2020. (IF: 1.2)

[21] "Does Japanese Business Group Membership Improve Post-Merger Performance?" (with K. Kaneko and R. Kashiwazaki) International Advances in Economic Research 26(1): 45-57, 2020. (IF: 1.2)

[20] "Market Reactions to Sport Sponsorship Announcements: Comparison between Sponsors and Their Rivals." (with Y. Hino) Sport Management Review 23(3): 401-413, 2020  (IF: 5.589).

[19] "Does IFRS adoption accelerate M&A? The consequences of different goodwill accounting in Japan." (with R. Kashiwazaki and S. Sato) International Advances in Economic Research, 25(4): 399-415, 2019. (IF: 1.2)

[18] "Asset Pricing with Liquidity Risk: A Replication and Out-of-Sample Tests with the Recent US and the Japanese Market Data." (with E. Kazumori, F. Fang, R. Sharman, and H. Yu) Critical Finance Review 8(1-2):  73-110, 2019.

[17] "Investor Attention and Google Search Volume Index: Evidence from an Emerging Market using Quantile Regression Analysis." (with V. Swamy and M. Dharani) Research in International Business and Finance, 50: 1-17 2019. (Lead article). (IF: 6.143) 

[16] "Nowcasting of the US Unemployment Rate Using Google Trends ." (with S. Nagao and R. Tanaka) Finance Research Letters, 30: 103-109, 2019 (IF: 10.4)

[15] "Market Reactions to Stock Rating and Target Price Changes in Analyst Reports: Evidence from Japan." (with S. Ishigami) Journal of International Financial Markets, Institutions & Money 52: 134-151, 2018. (IF: 4). 

[14] "IFRS Adoption and Stock Prices of Japanese Firms in Governance System Transition." (with S. Sato)  The International Journal of Accounting 52(4): 319-337, 2017. (IF: 2.01)

[13] "Google Search Intensity and Its Relationship to the Returns and Liquidity of Japanese Startup Stocks." (with Y. Adachi and M. Masuda) Pacific-Basin Finance Journal 46(B): 243-257, 2017. (IF: 4.6)

[12] "Characteristics and Stock Prices of Firms Flamed on the Internet: Evidence from Japan." (with Y. Adachi) Electronic Commerce Research and Applications. 17: 49-61, 2016. (IF: 6)

[11] "Cross-Border M&As and Firm Value: A Comparison of China- and US-Japan M&As." (with K. Chikamoto and A. Yokoyama) Contemporary Economic Policy 34(2): 352-368, 2016. (IF: 1.5)

[10] "Global Audit Firm Networks and Their Reputation Risk." (with Y. Saito) Journal of Accounting, Auditing & Finance 29(3): 203-237, 2014. Lead article. (IF: 1.4)

[9] "Google Search Intensity and Its Relationship with Returns and Trading Volume of Japanese Stocks." (with T. Wakao) Pacific-Basin Finance Journal 27: 1-18, 2014. (IF: 4.6) Lead article.

[8] "Information Content of Internal Control Weaknesses: The Evidence from Japan." (with R. Nishizaki and Y. Takano)  The International Journal of Accounting 49(1): 1-26, 2014. Lead article. (IF: 2.01)

[7] "The Effect of the Fukushima Nuclear Accident on Stock Prices of Electric Power Utilities." (with S. Kawashima), Energy Economics 34(6): 2029-2038, 2012. (IF: 12.8)

[6] "The Economic Impact of Herd Behavior in the Japanese Loan Market." (with R. Nakagawa and H. Oiwa) Pacific-Basin Finance Journal 20(4): 600-613, 2012. (IF: 4.6)

[5] "Stock Market Reactions to Audit Failure in Japan: The Case of Kanebo and ChuoAoyama." (with S. Numata) The International Journal of Accounting 45(2): 175-199, 2010.(IF: 2.01)

[4] "Price Movements in the Japanese Online Home Electronics Markets.” (with T. Akimoto) Electronic Commerce Research and Applications 8(1): 28-36, 2009. (IF: 6)

[3] “A Change in Market Responses to the Environmental Management Ranking in Japan.” (with T. Tomozawa) Ecological Economics 67(3): 465-472, 2008. (IF: 7)

[2]  “A Twin Crisis Model with Incomplete Information.” Journal of the Japanese and International Economies 18(1): 38-56, 2004. (IF: 2.9)

[1] “Bank Runs and International Financial Instability Revisited.” Economics Letters 73(2): 187-194, 2001. (IF: 2)