Katsushi Nakajima

J-GLOBAL         Last updated: Oct 30, 2018 at 17:10
 
Avatar
Name
Katsushi Nakajima
E-mail
katsushi.nakajimagmail.com
Affiliation
Ritsumeikan Asia Pacific University
Section
College of International Management

Research Areas

 
 

Academic & Professional Experience

 
Apr 2017
 - 
Today
Associate Professor, College of International Management, Ritsumeikan Asia Pacific University
 
Apr 2014
 - 
Mar 2017
Assistant Professor, College of International Management, Ritsumeikan Asia Pacific University
 
Sep 2013
 - 
Mar 2014
Assistant Professor, Faculty of Commerce, Waseda University
 
Feb 2011
 - 
Aug 2013
Researcher, Ricoh Institute of Sustainability and Business
 
Apr 2010
 - 
Jan 2011
Manager, NS Financial Management Consulting, Inc.
 

Education

 
Apr 2007
 - 
Mar 2013
Financial Strategy Ph.D. program, International Corporate Strategy, Hitotsubashi University
 
Apr 2001
 - 
Mar 2003
Master Program, Graduate School of Media and Governance, Keio University
 
Apr 1997
 - 
Mar 2001
Faculty of Policy Management, Keio University
 

Published Papers

 
Nakajima Katsushi, Ohashi Kazuhiko
ASIA-PACIFIC FINANCIAL MARKETS   23(1) 1-44   Mar 2016   [Refereed]
Katsushi Nakajima, Kazuhiko Ohashi
Asia-Pacific Financial Markets   20 183-217   May 2013
We provide a valuation formula for emission allowance. Assuming that the value of emission allowance on the last day of a trading phase is equal to a spread of commodity prices (e. g. electricity and natural gas) when the spread is positive and le...
Nakajima Katsushi, Ohashi Kazuhiko
JOURNAL OF FUTURES MARKETS   32(11) 995-1033   Nov 2012   [Refereed]
Katsushi Nakajima, Akira Maeda
Asia-Pacific Financial Markets   14 157-184   Mar 2007
The purpose of this research is to provide a valuation formula for commodity spread options. Commodity spread options are options written on the difference of the prices (spread) of two commodities. From the aspect of commodity contingent claims, ...

Books etc

 
Commodity Investment Strategy: What have we learn from the financialization of commodity markets?
Keiso Shobou   Apr 2014   

Conference Activities & Talks

 
Commodity Spot, Forward Prices, and Convenience Yield under Incomplete Market
Katsushi Nakajima
日本経済学会2018年度秋季大会   2018   日本経済学会
This paper analyzes the relation between commodity spot, forward prices, and convenience yield under incomplete market. We model a maximization profit model of a firm that uses input commodities in order to produce output commodities while storing...
The Generic Existence of Equilibrium when the Financial and Commodity Markets are Incomplete
Katsushi Nakajima
JAFEE 2018 夏季大会   2018   日本金融・証券計量・工学学会
We prove the generic existence of equilibrium when the financial and commodity markets are incomplete. The model considers firms which maximize profits by producing commodities and trading forwards and consumer-investors which maximize utilities b...
Commodity Spot, Forward Prices, and Convenience Yield under Incomplete Market
Katsushi Nakajima
JAFEE 2017年度 夏季大会   2017   日本金融・証券計量・工学学会
Commodity spot, forward, and futures price were analyzed theoretically and empirically by Gibson and Schwartz (1990), Schwartz (1997), Miltersenc and Schwartz (1998), Casassus and Collin-Dufresne (2005) and many others. The key factor of these mod...
Convenience Yield Revisited: Using Profit Maximization Discrete-Time Model
Katsushi Nakajima
日本ファイナンス学会第23回大会   2015   日本ファイナンス学会
This paper is to analyze commodity price and also reconsider what convenience yield is. Our model in this paper considers two types of players that is a rm, which use an input commodity to produce an output commodity and trade futures to hedge, an...
Commodity Spot and Futures Prices under Supply, Demand, and Financial Trading
Katsushi Nakajima
JAFEE 2015 夏季大会   2015   日本金融・証券計量・工学学会
This paper analyze commodity price and also reconsider what convenience yield is. Under discrete time setting, our model considers two types of players that is a rm, which use an input commodity to produce an output commodity, stores commodity, an...

Teaching Experience

 
 

Research Grants & Projects

 
Zengin Foundation for Studies on Economics and Finance: Grant-in-aid
Project Year: Dec 2016 - Mar 2018    Investigator(s): Katsushi Nakajima
Japan Society for the Promotion of Science: Grant-in-aid
Project Year: Apr 2014 - Mar 2016    Investigator(s): Katsushi Nakajima