Hiromichi Iwaki

Profile Information

Affiliation: Associate Professor, Faculty of Economics, Kanagawa University

Degree: Ph.D.(Mar, 2016, Hitotsubashi University)
M.A.(Mar, 2013, Hitotsubashi University)

J-GLOBAL ID: 201601009829455820
researchmap Member ID: B000254113

External link: https://hiromichiiwaki.wixsite.com/personal

Research Interests

Research History

Apr, 2022 - Present

Faculty of Economics, Daito Bunka University
Apr, 2022 - Present

Associate Professor, Faculty of Economics, Kanagawa University
Sep, 2021 - Mar, 2022

Lecturer (part time), School of Business Administration, Hitotsubashi University
Apr, 2020 - Mar, 2022

Lecturer (part time), College of Economics, Aoyama Gakuin University
Apr, 2017 - Mar, 2022

Lecturer (tenured), Department of Modern Economics, Daito Bunka University
Sep, 2020 - Mar, 2021

Lecturer (part time), School of Business Administration, Hitotsubashi University
Sep, 2019 - Mar, 2020

Lecturer (part time), School of Business Administration, Hitotsubashi University
Jul, 2018 - Jul, 2019

Special Research Fellow, Financial Research Center, Financial Services Agency
Sep, 2018 - Mar, 2019

Lecturer (part time), Chuo University
Apr, 2016 - Mar, 2017

Research Fellow (PD), Japan Society for the Promotion of Science
Apr, 2015 - Mar, 2016

Research Fellow (DC2), Japan Society for the Promotion of Science
Nov, 2014 - Mar, 2015

Research Assistant, Rresearch Institute of Economy, Trade and Industry

Education

Apr, 2013 - Mar, 2016

Doctoral Program (Finance), Graduate School of Commerce and Management, Hitotsubashi University
Apr, 2011 - Mar, 2013

Master Course (Finance), Graduate School of Commerce and Management, Hitotubashi University
Apr, 1999 - Mar, 2003

Department of Commerce, Undergraduate Program, Commerce and Management, Hitotsubashi University

Papers

Empirical Analysis of Hold-up Problem in Debt Financing: Evidence from Japanese Listed Firms

Hiromichi Iwaki

The Studies in Economics and Trade (The Annual Bulletin), (49) 79-100, Mar, 2023
Does rollover risk matter to payout policies? Evidence from Japanese listed firms

Hiromichi Iwaki, Junyu Saito

Journal of Economics and Business, 120(Article 106055) 1-22, 2022 Peer-reviewed
Loan Interest Rates on Rates and Amount of Loans Extended by Other Banks

Uesugi Iichiro, Uchida Hirofumi, Hiromichi Iwaki

THE ECONOMIC REVIEW, 71(4) 331-357, Oct, 2020 Peer-reviewed
新しい国際金融規制が日本の中小企業向け銀行貸出へもたらした影響について－リスクベース自己資本比率規制に焦点を当てて―

岩木宏道, 大鐘雄太

金融構造研究, (42) 1-17, Jun 17, 2020 Invited
The Effect of Debt Market Imperfection on Capital Structure and Investment: Evidence from the 2008 Global Financial Crisis in Japan

Hiromichi Iwaki

Quarterly Review of Economics and Finance, 74 251-266, Nov, 2019 Peer-reviewed
The Effects of the Access to Public Bond Market on Corporate Debt： Evidence from Japan

Hiromichi Iwaki

The Journal of Tokyo Keizai University : Economics, (299) 59-79, Dec, 2018 Invited
Loans without Personal Guarantees and Financing and Performance of Borrower Firms

Iichiro Uesugi, Hirofumi Uchida, Hiromichi Iwaki

Review of Monetary and Financial Studies, (40) 27-53, Jan, 2018 Peer-reviewed
The Effect of Bank Lending Behavior on Firm Financing

Hiromichi Iwaki

Review of Monetary and Financial Studies, (38) 18-43, Mar, 2016 Peer-reviewed
Unsecured Loans and Firms' Financing and Performance

Iichiro Uesugi, Hirofumi Uchida, Hiromichi Iwaki

THE KOKUMIN-KEIZAI ZASSHI, 212(6) 23-37, Dec, 2015
Bank Information Monopolies and Corporate Investment

Hiromichi Iwaki, Misumi Takashi

Hitotsubashi Review of Commerce and Management, 10(2) 2-18, Nov, 2015

Misc.

A Bubble Economy with Its Own Expectations Structure

Soji Okamura, Hiromichi Iwaki

BULLETIN OF DAITO BUNKA UNIVERSITY, (58) 285-304, 2020
An Empirical Study on the Effects of the International Financial Regulation on Japanese Banks’ Lending Behavior with a Focus on SME Financing

Hiromichi Iwaki

DP2019-7, Dec, 2019
Adverse Selection versus Moral Hazard in Financial Contracting: Evidence from collateralized and non-collateralized loans

Uchida Hirofumi, Uesugi Iichiro, Iwaki Hiromichi

RIETI Discussion Paper Series 17-E-058, Mar, 2017
銀行ー企業間関係と企業の財務的意思決定（博士論文）

岩木宏道

Mar, 2016
Non-personal Guaranteed Loans, Credit Availability, and Firm Performance

RIETI Discussion Paper Series 16-J-023, Mar, 2016
Summary of the Survey on the Aftermath of SME Financing Facilitation Act

Iichiro Uesugi, Hikaru Fukanuma, Arito Ono, Peng Xu, Daisuke Turuta, Tadanobu Nemoto, Daisuke Miyakawa, Yukihiro Yasuda, Nobuyoshi Yamori, Wako Watanabe …

RIETI Discussion Paper Series 15-J-028, Jun, 2015
社債市場を直接金融の柱に

岩木宏道

ファンド情報（R&I 格付投資情報センター）, 75 22-22, Apr, 2010 Invited

Books and Other Publications

Elgar Encyclopedia of Financial Crises

Edited by Sara Hsu (Role: Contributor, "Chapter 77: The 1997–1998 Financial Crisis in Japan"; "Chapter 93: The Financial Crisis in Japan in the 1920s")

Edward Elgar Publishing, Dec, 2023 (ISBN: 9781800377356)
日本企業のコーポレート・ガバナンス

三隅隆司・茶野努・安田行宏(編著) (Role: Contributor, 第9章「銀行のホールド・アップ問題とガバナンス」)

中央経済社, Mar, 2020 (ISBN: 4502340812)
社債投資がわかる本（一般向け）

岩木宏道

総合法令出版, Oct, 2008 (ISBN: 4862801056)

Presentations

国際金融規制が日本の銀行行動に及ぼす影響に関する実証分析―中小企業金融への波及を中心にして

金融構造研究会（一般社団法人全国地方銀行協会）, Sep 13, 2019
負債構成、ロールオーバー・リスクが株主還元策に及ぼす影響

「応用ミクロ経済学セミナー」（東京経済大学経済学部）, Sep 21, 2017
ホールド・アップ問題における株主交渉力の役割について: 銀行－企業間関係に焦点を当てて

一橋大学「ガバナンス研究会」, Jun 8, 2017
負債構成、ロールオーバー・リスクが株主還元策に及ぼす影響

Waseda Organizational and Financial Economics Seminar （早稲田大学）, Jan 23, 2017
負債構成、ロールオーバー・リスクが株主還元策に及ぼす影響

経済研究所セミナー（大東文化大学）, Dec 16, 2016
ホールド・アップ問題における株主交渉力の役割について: 銀行－企業間関係に焦点を当てて

平成28年度生活経済学会九州部会（鹿児島大学）, Nov 26, 2016
負債構成、ロールオーバー・リスクが株主還元策に及ぼす影響

2016年度秋季日本金融学会（関西大学）, Oct 15, 2016
銀行の情報独占と企業投資行動

日本金融学会平成27年度関東部会 (中央大学), Mar 31, 2016
Bank Intervention Risk and Investment: Evidence from Japan

Mar 15, 2016
無担保貸出の導入が企業の資金調達とパフォーマンスに与える効果の検証

日本金融学会平成27年度秋季大会 (東北大学), Oct 25, 2015
Empirical Analysis of Hold-Up Problem in Debt Financing: Evidence from Japanese Listed Firms

May 16, 2015
Empirical Analysis of the Hold-Up Problem in Debt Financing : Evidence from Japanese Listed Firms

May 14, 2015
Empirical Analysis of Hold-Up Problem in Debt Financing: Evidence from Japanese Listed Firms

The 10th International Conference on Asian Financial Markets and The 1st World Conference on Risk, Banking and Finance 2015 (Tokyo), Jan 7, 2015
Empirical Analysis of Hold-Up Problem in Debt Financing: Evidence from Japanese Listed Firms

The 27th Australasian Finance and Banking Conference (Sydney), Dec 18, 2014
負債市場の不完全性が企業の資本構成、投資活動に及ぼす影響について－日本が直面した 2008 年の世界金融危機の事例を元にして－

平成26年度生活経済学会関東部会 (東京経済大学), Nov 29, 2014
Empirical Analysis of Hold-Up Problem in Debt Financing: Evidence from Japanese Listed Firms

慶應義塾大学商学部金融ワークショップ, Nov 26, 2014
銀行融資姿勢変化と企業行動

日本金融学会平成26年度秋季大会 (山口大学), Oct 18, 2014
Empirical Analysis of Hold-Up Problem in Debt Financing: Evidence from Japanese Listed Firms

日本金融学会平成26年度関東部会 (中央大学), Oct 11, 2014
The Effect of Debt Market Imperfection on Capital Structure and Investment: Evidence from the Global Financial Crisis of 2008 in Japan

第15回企業金融・企業行動ダイナミクス研究会 (独立行政法人経済産業研究所), Aug 29, 2014
負債市場の不完全性が企業の資本構成、投資活動に及ぼす影響に関する実証分析

学習院大学経済学部 (辰巳憲一ゼミナール), Jul 14, 2014

Teaching Experience

Apr, 2017 - Present

Securities and Investment (Daito Bunka University)
Apr, 2020 - Mar, 2022

Seminar; Graduation Thesis (advisor) (Aoyama Gakuin University)
Apr, 2017 - Mar, 2022

Monetary Economics (Daito Bunka University)
2019 - 2021

Academic Business Research (B) (Fall, FY2019-FY2021) (Hitotsubashi University)
Sep, 2018 - Mar, 2019

Banking (Chuo University)
Apr, 2017 - Mar, 2019

Introductory Economics (Daito Bunka University)

Professional Memberships

Research Projects

銀行業を取り巻く変化が企業にとっていかなる意味を有するか

科学研究費助成事業（若手研究）（独立基盤形成支援）, 独立行政法人日本学術振興会, Apr, 2023 - Mar, 2027

岩木宏道
負債調達源の相違が企業行動（資本構成、投資意思決定）に及ぼす影響に関する研究

科学研究費助成事業（特別研究員奨励費）, 特別研究員奨励費, 独立行政法人日本学術振興会, Apr, 2015 - Mar, 2017

岩木宏道

Social Activities

キャッシュレスの基本を学ぼう

Lecturer

大東文化大学地域連携センター, 2021年度大東文化大学オープンカレッジ（6/10, 6/24, 7/8）, Jun 10, 2021 - Jul 8, 2021
Evaluation of the effects of financial regulatory reforms on small and medium-sized enterprise (SME) financing

Investigator

Financial Services Agency, Jul 1, 2018 - Jul 31, 2019

Other

Chartered Member of Securities Analysis Association of Japan (CMA)

Feb, 2008 - Present

Profile Information

Research Interests

Research History

Education

Papers

Misc.

Books and Other Publications

Presentations

Teaching Experience

Professional Memberships

Research Projects

Social Activities

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