Professors Information
Tel: 03-3238-4059
Office: 10-543
ISAKA Naoto
井坂 直人
Professor
Financial Markets and Corporate Finance
B.A., Sophia University
M.A., Osaka University
Ph.D., Hitotsubashi University
Research and Teaching Interests:
My fields of research are financial markets and corporate finance. I am particularly interested in how private information, which is not disclosed to the public and is possessed by only a limited number of players (e.g., informed traders, fund managers, CEOs, and/or board members), affects the returns on financial assets and the firm’s corporate finance decisions. I have addressed these issues from both theoretical and empirical perspectives. I teach Principles of Macroeconomics, Money and Banking, Financial Management, and Topics in Finance for IBE students.
Selected Publications
Journal Articles
- Naoto Isaka, 2017,“When Are Uninformed Boards Preferable?,”Pacific-Basin Finance Journal, 46, Part A, pp.191-211.
- Naoto Isaka, 2014, “Long-Run Effects of Minimum Trading Unit Reductions on Stock Prices,” International Review of Finance, 14 (1), pp. 75-103.
- Naoto Isaka, Kazuhiko Ohashi, 2011, “On Determinants of Swap Spreads in Japanese ABS Markets,” Sophia International Review 33, pp. 23-60.
- Naoto Isaka, Hiroshi Yoshikawa, 2009,“Changes in Minimum Trading Units and Stock Returns,” Gendai Finance (in Japanese), 25, pp. 3-22.
- Naoto Isaka, 2007,“On the Informational Effect of Short-Sales Constraints: Evidence from the Tokyo Stock Exchange,” Journal of Financial Research, 30 (4), pp. 455-471.
COURSES
Course No. | Title |
IBE201 | PRINCIPLES OF MACROECONOMICS |
IBE310 | FINANCIAL MANAGEMENT |
IBE326 | MONEY AND BANKING |
IBE486 | TOPICS IN FINANCE |
Course No. | Title |
BD508Z | INTERNATIONAL FINANCIAL MANAGEMENT |