My Profile
Name: Yasuhiro Iwanaga
Position: Associate Professor, College of Business Administration, Tamagawa University
Degree: Ph.D. in Economics, Kyoto University
Research Field: asset pricing, empirical finance, and financial econometrics
Email: yshriwng[at]gmail.com
Please replace [at] to @.
Published and Accepted Papers
[1] Iwanaga, Y.（2026） “How the prior day's S&P 500 returns influence the intraday returns of Nikkei 225 futures,” Finance Research Open, 2(2), 100108.
[2] Iwanaga, Y. and T. Hirose. （2026）“Illusion momentum and cross-sectional returns,” Pacific-Basin Finance Journal, 96, 103063.
[3] Iwanaga, Y.（2026） “The impact of short-term and long-term liquidity changes on stock returns,” Asia-Pacific Financial Markets, forthcoming.
[4] Iwanaga, Y.（2025） “Decomposing the reversal effect: Exploring low-to-price and other indicators,” Japan and the World Economy, 76, 101334.
[5] Iwanaga, Y.（2025） “Auction timing anomaly in the Japanese bond futures market,” Finance Research Letters, 86(E), 108675.
[6] Iwanaga, Y. and R. Sakemoto.（2025） “Conditional currency momentum portfolios,” International Review of Financial Analysis, 99, 103964. working paper version
[7] Iwanaga, Y. and R. Sakemoto.（2024） “Cross-momentum strategies in the equity futures and currency markets,” Journal of International Money and Finance, 148, 103170. working paper version
[8] Iwanaga, Y., Hirose, T., and T. Yoshida. （2024） “Decomposing the momentum in the Japanese stock market,” Asia-Pacific Financial Markets, 31(2), pp.221－250.
[9] Iwanaga, Y.（2024） “Revisiting the residual momentum in Japan,” International Review of Financial Analysis, 93, 103190. working paper version
[10] Iwanaga, Y. and T. Hirose.（2023）“Liquidity changes and decomposition in the Japanese equity market,” Pacific-Basin Finance Journal, 81, 102115.
[11] Iwanaga, Y.（2023）“An empirical study of the contrarian strategy against US equities in the Japanese market,” Journal of Investment Strategies, 12(2), pp.31－51.
[12] Iwanaga, Y. and R. Sakemoto.（2023） “Commodity Momentum Decomposition,” Journal of Futures Markets, 43, pp.198－216. working paper version
[13] Iwanaga, Y. and T. Hirose.（2022） “Liquidity shock and stock returns in the Japanese equity market,” Pacific-Basin Finance Journal, 75, 101849. online appendix
[14] Kobayashi, T., Iwanaga, Y., and H. Kudoh.（2014） “Japanese patent index and stock performance,” The Journal of Financial Perspectives, 2(2), pp.151－162.