CONTENT

International Program in Public Economics (IPPE)

School of Economics,
Kyushu University
Graduate International Programs

Fujita, Toshiyuki
Ikeshita, Kenichiro
Izunaga, Yoichi
Yamazaki, Daisuke
Takimoto, Taro
Murao, Tetsushi
Miyazaki, Takeshi
Muroga, Kiho
Suga, Fumihiko
Urakawa, Kunio
Hori, Nobuaki
Ohnishi, Toshio
Kitahara, Tomonari
Komuro, Rie
Abe, Takaaki........................................................................ 01................................................................. 02....................................................................... 02.................................................................... 03.......................................................................... 03......................................................................... 04........................................................................ 04............................................................................ 05............................................................................. 05......................................................................... 06.............................................................................. 06.......................................................................... 07.................................................................... 07............................................................................. 08.............................................................................. 08

International Program in Financial and Business Economics (IPFBE)
Izunaga, Yoichi
Yamazaki, Daisuke
Takimoto, Taro
Murao, Tetsushi
Miwa, Kotaro
Muroga, Kiho
Suga, FumihikoYeh, Tsung-ming
Abe,Takaaki
Hori, Nobuaki..................................................... 09.................................................. 10........................................................ 10....................................................... 11....................................................... 11.......................................................... 12........................................................... 12......................................................... 13............................................................. 13............................................................. 14International Program in Management and Accounting (IPMA)
Andrew Chapman
Otsubo, Minoru
Nakamoto, Ryuichi
Kishino, Saki
Maruta, Okihiro
Oishi, Keiichi
Shiosaki, Tomomi
Ozu, Chikako................15...........................................16..................................16...........................................17.......................................17...........................................18....................................18........................................19

Research Activities

International Programin
Public Economics

I have conducted various studies on economic
growth. Recently, I have been interested in the impact
of digital innovation on economic growth.
Technological progress in areas such as artificial
intelligence, industrial robots, and other intelligent
devices, has raised concerns that machines deprive
workers of their jobs as production processes become
automated. However, these technologies are expected
to be drivers of economic growth in many East Asian
countries facing population decline in near future. I
want to clarify how these technological innovations
affect economic growth and income inequality with economic growth models.
For more about my research, please visit my website:
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K000655/english.html

Messages to Prospective Students
I expect my students to haveInterest in macroeconomics and economic modeling,
Motivation to learn spontaneously,
Knowledge of microeconomics and macroeconomics,
Knowledge of mathematics, especially calculus and linear algebra.
Of the list above, the first two are the most important. If you are interested in my research topics, feel
free to contact me!

(IPPE)

Research Activities

Research Activities
I have been conducting game theoretic analyses ofinternational cooperation on global environmental
issues. One of my main research interests is the stability of international environmental agreements.
Research question is "how can we design self-enforcing and efficient international environmental agreements free of free-riding incentives?" Recently I am
focusing on the role of international transfers among
the signatories and those between signatories andnon-signatories.
You can see my publication list from the following website:
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K000641/thesisList_e.html

Messages to Prospective Students
I expect the prospective students should have sufficient knowledge on undergraduate level of mathematics (calculus, linear algebra, and probability) and microeconomics and macroeconomics. They also
should have language ability which is necessary to conduct research activities in English. Most importantly, students full of passions for the research will be welcomed.

My research interests involve the design and analysisof algorithms in mathematical optimization.
Recently, I have been working on modeling for clustering on networks and matching under two-sided
preferences and designing efficient algorithms tothem.
You can see a list of my research at:https://izunaga.github.io/

Messages to Prospective Students
First of all, I would like prospective students to have undergraduate level knowledge of mathematics,
including calculus, linear algebra, and probability.
Second, and most importantly, I would like you to identify your own problems and approach them froma mathematical perspective.

Research Activities
I have mainly conducted theoretical analysis on
econometric methods, especially for time series andpanel data models. In particular, I have improved
statistical methods for structural changes in timeseries and panel data (testing for structural changes,
estimation and inference for the date of a structural
break, etc.). Recently, I also work on empirical analyses in the field of information economics, using
econometric methods that I have developed in myresearch.
You can see a list of my research publication at our website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K006570/english.html

Messages to Prospective Students
I expect the prospective students to be highly motivated to learn spontaneously and actively. Also, it isnecessary to have basic knowledge of mathematics and statistics. In addition, it is important for students
to be interested in understanding econometric methods and conducting empirical analyses using real
data.

Research Activities

In my lab, students will work in one of the following
two areas.
(1) Quantitative Marketing Analysis using ProductData.
In markets such as automobiles or smart phones,
many products with various characteristics/specs
compete with each other. By using real world datafrom such markets, it is possible to understand what
product features consumers value and to what extent.
These quantitative marketing methods are rapidly
becoming popular in the industry sector and are
utilized for various decision-makings such as product development, R&D, pricing, and more.
(2) Automated Decision-Making.
Advances in AI/machine learning technologies are automating a wide range of decision-makings related
to business activities. A typical example is product pricing. By constructing an artificial market andanalyzing the learning of the economic environment and decision making by AI agents, it is possible toimprove, for example, the dynamic pricing algorithm that are widely used in airline tickets or professional sports tickets pricing.

Messages to Prospective Students- What I require of my students is the ability to learn and think for themselves.
- Although my lab does not require any Japanese language qualifications such as N1, the greatest advantage of studying in Japan is that proficiency in the Japanese language opens up career possibilities after
graduation.

Research Activities

Research Activities
I have conducted computational and empirical researchin time series econometrics, using mainly macroeconomic and financial time series data. One of my research
topics is how to construct and evaluate causal measures
for time series data in the frequency domain, investigating Japan and U.S. macroeconomic data. Also, toconsider the sustainability of the government deficits, I
examine government expenditures and revenues, including political data.
You can see a list of my research publication at our website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K002710/english.html

Messages to Prospective Students
I expect the prospective students to have a strong interest to learn (time series) econometrics theoreticallyand its application to real data. Also, to finish the graduate program, it would be indispensable to have astrong motivation of conducting research spontaneously. Furthermore, in our program, to read the related
literature, the basic knowledge of mathematics, statistics and econometrics would be required. In our seminar, the students read mathematical statistics and real analysis to prepare for their own research in their firstyear. Finally, it would be helpful to be familiar with statistical software such as R and/or Python. I’m looking
forward to talking about your research interests.

Takeshi Miyazaki has been a Professor in the School of
Economics, Kyushu University since 2020 and was an
Associate Professor from 2013–2020. He received his
PhD in Economics from Hitotsubashi University and his
BA from Sophia University. After graduate school, hejoined the Economic and Social Research Institute Cabinet Office, Government of Japan as a Research Associate. He served as an Assistant Professor from2007–2012 and an Associate Professor from 2012–2013
in the Department of Economics, Meikai University.
His research focuses on boundary reform of local jurisdiction, fiscal decentralization, intergovernmental fiscal transfers, income tax, and economics of disaster. He
is currently interested in fiscal decentralization, the formation of local jurisdictions and the intergovernmental relationship between nation and local governments.
You can see a list of my research publication at our website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K004996/english.html

Messages to Prospective Students
Ideally, the prospective students should have a strong motivation of learning, being able to think and act
spontaneously and independently. In addition, I assume my students have basic background in Microeconomics, Econometrics and Statistics during their undergraduate (or graduate) studies. Since our program(IPPE) has a focus on empirical studies, the prospective students should be comfortable with collecting andhandling data, as well as performing econometric analyses (by using some sort of software such as STATA).

Research Activities
I study the impact of policy changes and technological innovation on labor supply. I conduct empiricalanalyses using large-scale micro data such as government statistics. More recently, I have been particularlyinterested in gender issues, and I also conduct analyses using methods of economic experiments. I collaborate not only with economists but also with politicalscientists, and my research has been featured in theJapan Times and the Asahi Shimbun.
My research activities can be found at the following website:
https://www.kihomuroga.com/research

Messages to Prospective Students
Students with a strong interest in real economic issues and creative thinking are preferred. Students withbasic knowledge of economics and statistics and with data analysis and programming skills are also
welcome.

Research Activities
My research interests include consumption/saving
and education.
I am particularly interested in estimating structural(theoretical) models that describe households' behaviors. For example, Niizeki and Suga (2021) constructed a theoretical model that illustrates how households
make decisions about consumption and (financial andreal) asset accumulation. Then we estimated themodel using micro-data from a government survey
and quantified the impact of the boom and bust of real
asset prices on households' lifetime utility.
For more details on my research activities, please see the link below:
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K006520/english.html#Papers

Messages to Prospective Students
I hope students are enthusiastic about studying Economics, Statistics, and Econometrics. I am happy if
my students are interested in empirical studies on households' behavior using micro-data.

Research Activities
I have mainly conducted empirical research in income
distribution and poverty, using Japanese household data.
Urakawa et al. (2020) specifically examined relations
between income and time poverty, and daily health-related activities including physical activities and poor
health habits, using a nationwide internet household
survey in Japan. In addition, my recent research topics
relate to socio-economic factors of subjective well-being.
You can see a list of my research publication at our website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K003293/english.html

Messages to Prospective Students
First of all, I would like you to acquire basic knowledge of mathematics and statistics. Our program (IPPE)
does a lot of research related to public sector policy evaluation. Knowledge of mathematics and statistics is
indispensable for applying government statistics to theoretical and empirical research.
Secondly, there are many researchers and graduate students in various fields of study at Kyushu University,
so we hope that prospective students will actively engage in research exchanges with researchers andstudents in different fields, regardless of their own specialized field.
Thirdly, I hope that prospective students will be interested in Japanese art, culture and nature. Japanese artsand culture include many unique cultures such as Ukiyo-e, Noh, Shogi, Manzai, and Manga. In addition,
there are many famous hot springs, and there are many areas rich in nature. Through studying abroad, I
would like you to acquire knowledge about this unique culture and come into contact with a lot of nature.

ResearchResearchactivities
Activities

InI mylab,
students
willinwork
one of ofthevarious
following
twoof
have
been
engagedthe increationtypes
areas.
applied theoretical models in microeconomics and relatedQuantitative
fields. Currently,
I am mainly
involvedin the theoret(1)MarketingAnalysisusing Product
Data.
ical
researchfortheco-evolutionoftheinstitution
andIn markets such as automobiles or smart phones, many
culture,inparticular,itsapplicationtothepolitical
products with various characteristics/specs compete
economyof religion;
Applying
economictheories,witheach other.
By using
real world
data fromsuch I
study
how
the
politics-religion
relationshipandthemarkets, it is possible to understand what productreligiosity/secularityofasociety
dynamically
evolvefeatures consumers value and to what extent. Theseas
they interactmarketingwith each methods
other. are rapidly becoming
quantitativeInthefuture,Ihopetolink andthis areresearch
to forstudiesthat
popular in the industry sector
utilizedvariousexaminetheuniversality
andstabilityofWestern-styledecision-makings such as product development, R&D,
liberal democracies.
pricing, and more.
Besides,I
am
also
interestedinapplyingtheeconomics
of information and game theory to study the struc(2) Automated Decision-Making.
ture of industrial society that affects the performance of the Japanese economy. At present, I am also
Advancesin theoretical
AI/machineresearchlearningto
technologies
wide
rangetheof decision-makings
related andtocontinuing
understandare
theautomating
mechanisma by
which
misallocation of talentsbusiness
A caused,typical example
is productpricing.
By constructing
efforts isactivities.
constantly
both insideand outsideof Japanesefirms. an artificial market and analyzing
the learning of the economic environment and decision making by AI agents, it is possible to improve, forexample, the dynamic pricing algorithm that are widely used in airline tickets or professional sports tickets
Messages to Prospective Students
pricing.
The ideal student for me is one who enjoys thinking deeply about the underlying mechanisms when society
and the economy work in specific ways. I am open to accepting any outstanding students interested in
Messagesto Prospective
students
applied theoreticalmodels of microeconomics
and game theory, even if they have not yet decided on thespecialization.
- field
WhatofI requireof my students is the ability to learn and think for themselves.
to havemathematicalbackgroundin qualifications
order to master
economictheories.
In advantage
addition, it- Students
Althoughneed
my labdoes some
not require
any Japanese
languagesuchas N1, thegreatestisalso
importantforstudents
tocontinuetosophisticate
their
own
researchquestions
duringtheof studying in Japan is that proficiency in the Japanese language opens up career possibilities after program.
graduaTherefore, those students with a deep interest in history, politics, and other various public issues aretion.
welcome.

Research Activities
I am interested in both theoretical statistics and applied
statistics.
Ohnishi, Toshio
In my theoretical research, I have conducted researches
on Bayesian statistics. While in frequentists’ statistics
unknown parameters are considered to be constant, inProfessor
Bayesian statistics we regard them as random variables
Research fields:
Statistical Scienceand assumes a prior distribution by using our prior information about them. The framework of Bayesian statistics works well in the sense that we can derive niceresults in frequentists’ sense. I would like to pursuit a
close linkage between statistics and physics (thermodynamics) in this excellent framework.
The generalized linear model (GLM), which is a generalization of the well-known normal linear model, iswidely used in applied statistics. I have a special interest in the GLM based on the Tweedie distribution. The
Tweedie distribution is quite useful in modelling the data containing a lot of zeros, such as rainfall data indrought areas. Specifically, the Tweedie distribution is discrete at the origin and continuous on the positive
half line.
You can see some information including a list of my research publication at our website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K003634/english.html

Research Activities
I have been working on mathematical modeling in a
number of different fields. Simulation and analysis
are mandatory to revise the models. Some different
methods have been used, for example multiobjective
genetic algorithms and finite-difference methods.
Both undergraduate and graduate students I havesupervised at Kyushu University have worked onmodels using differential equations to solve problems
in various fields such as economic policy and population dynamics.

Messages to Prospective Students
Students who wish to apply mathematics to some problems in the real world are very welcome. As you
know, mathematics is a field of natural science, and it is a useful and necessary tool for logical discussion in social sciences. Numerical analysis is considered to be essential these days, and coding skills
would give you a quite big advantage no matter which programming language you have acquired.

Messages to Prospective Students
I expect prospective students to have basic knowledge on mathematics. To be specific, they need to havelearned calculus and linear algebra for science and technology course. I also request them to have learned
basic mathematical statistics. Ideally, they had better have elementary knowledge on Bayesian statistics andthe GLM.

Research Activities
My main research interest is in theoretical aspects ofalgorithms for linear programming problems (LPs).
LP is the most fundamental mathematical problem,
and it is applied in broad fields.
I have analyzed various algorithms for solving LPs
and obtained numerous theoretical results.
Besides LP algorithms, I am also interested in applications of mathematical programming.
You can see a list of my research publication at our
website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K006917/english.html

Messages to Prospective Students
First of all, I would like perspective students to have an independent mind.
I expect perspective students to think, act independently, not just to do what he or she is told.
Second, I would like students to be flexible and communicate well with others.
I would like to work together with students and conduct interesting research.
Third, I would like perspective students to have basic knowledge on mathematics and programming.

Research Activities
In our society, we constantly encounter interactions
with others, including competition, conflict, negotiaHori, Nobuakition, and cooperation. My research interests involve
translating these seemingly elusive aspects into
Associate Professor
economic models using game theory, thereby
Research fields:
Applied Microeconomic Theory;
enabling the mathematical analysis of these intangible
Political Economy of Development
interactions. More specifically, I employ two models
of game theory, non-cooperative game theory andcooperative game theory, to analyze strategic interactions and cooperative relationships. The researchoutcomes have practical applications in analyzing, for instance, the voting power of individuals, theformation of coalitions and organizations, and the stability of the allocation of goods and resources.
You can see a list of my research publications and activities here:
https://sites.google.com/view/takaakiabecv/takaaki-abe
Messages to Prospective Students
Prospective students should be interested in game-theoretic situations and the mathematical framework.
I welcome students who can engage in theoretical analyses and have an interest in the rational behavior
of individuals.

Research Activities

International Program
inFinancial and Business Economics(IPFBE)I have mainly conducted theoretical analysis on
econometric methods, especially for time series andpanel data models. In particular, I have improved
statistical methods for structural changes in timeseries and panel data (testing for structural changes,
estimation and inference for the date of a structural
break, etc.). Recently, I also work on empirical analyses in the field of information economics, using
econometric methods that I have developed in myresearch.
You can see a list of my research publication at our website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K006570/english.html

Messages to Prospective Students
I expect the prospective students to be highly motivated to learn spontaneously and actively. Also, it isnecessary to have basic knowledge of mathematics and statistics. In addition, it is important for students
to be interested in understanding econometric methods and conducting empirical analyses using real
data.

Research Activities

Research Activities

My research interests involve the design and analysisof algorithms in mathematical optimization.
Recently, I have been working on modeling for clustering on networks and matching under two-sided
preferences and designing efficient algorithms tothem.
You can see a list of my research at:https://izunaga.github.io/

I have conducted computational and empirical researchin time series econometrics, using mainly macroeconomic and financial time series data. One of myresearch topics is how to construct and evaluate causal
measures for time series data in the frequency domain,investigating Japan and U.S. macroeconomic data.
Also, to consider the sustainability of the government
deficits, I examine government expenditures and revenues, including political data.

Messages to Prospective Students
First of all, I would like prospective students to have undergraduate level knowledge of mathematics,
including calculus, linear algebra, and probability.
Second, and most importantly, I would like you to identify your own problems and approach them froma mathematical perspective.

Takimoto, Taro
Professor
Research fields:
Time Series Econometrics;
Applied Econometrics

You can see a list of my research publication at our website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K002710/english.html

Messages to Prospective Students
I expect the prospective students to have a strong interest to learn (time series) econometrics theoreticallyand its application to real data. Also, to finish the graduate program, it would be indispensable to have astrong motivation of conducting research spontaneously. Furthermore, in our program, to read the related
literature, the basic knowledge of mathematics, statistics and econometrics would be required. In our seminar, the students read mathematical statistics and real analysis to prepare for their own research in their firstyear. Finally, it would be helpful to be familiar with statistical software such as R and/or Python. I’m looking
forward to talking about your research interests.

Research Activities

In my lab, students will work in one of the following
two areas.
(1) Quantitative Marketing Analysis using ProductData.
In markets such as automobiles or smart phones,
many products with various characteristics/specs
compete with each other. By using real world datafrom such markets, it is possible to understand what
product features consumers value and to what extent.
These quantitative marketing methods are rapidly
becoming popular in the industry sector and are
utilized for various decision-makings such as product development, R&D, pricing, and more.
(2) Automated Decision-Making.
Advances in AI/machine learning technologies are automating a wide range of decision-makings related to business activities. A typical example is product pricing. By constructing an artificial market andanalyzing the learning of the economic environment and decision making by AI agents, it is possible toimprove, for example, the dynamic pricing algorithm that are widely used in airline tickets or professional sports tickets pricing.

Messages to Prospective Students

Research Activities
I study the impact of policy changes and technological innovation on labor supply. I conduct empiricalanalyses using large-scale micro data such as government statistics. More recently, I have been particularly interested in gender issues, and I also conduct analyses using methods of economic experiments. I
collaborate not only with economists but also with
political scientists, and my research has been featured
in the Japan Times and the Asahi Shimbun.
My research activities can be found at the following website:
https://www.kihomuroga.com/research

Messages to Prospective Students
Students with a strong interest in real economic issues and creative thinking are preferred. Students withbasic knowledge of economics and statistics and with data analysis and programming skills are also
welcome.

- What I require of my students is the ability to learn and think for themselves.
- Although my lab does not require any Japanese language qualifications such as N1, the greatest advantage of studying in Japan is that proficiency in the Japanese language opens up career possibilities after
graduation.

Miwa, Kotaro
Professor
Research fields:
Finance (Investment);
Behavioral Finance;
Asset Pricing

Research Activities

Research Activities

My research interests involve empirical analysis ofstock price predictability (market anomalies) andinvestors' psychology. My interest is not limited toJapanese cases (also includes the US and Chinese
cases). Recently, I have been doing research on aninteractive discussion between a company and investors. Specifically, I try to clarify how the contents ofthe discussion affect investor behavior and stock
prices.

My research interests include consumption/saving
and education.
I am particularly interested in estimating structural(theoretical) models that describe households' behaviors. For example, Niizeki and Suga (2021) constructed a theoretical model that illustrates how households
make decisions about consumption and (financial andreal) asset accumulation. Then we estimated themodel using micro-data from a government survey
and quantified the impact of the boom and bust of real

You can find a list of my research at:https://sites.google.com/site/kotmiwa/

Messages to Prospective Students
Students are expected to have the motivation to pursue research spontaneously. Especially, I welcome
students who are interested in stock investing.

Suga, Fumihiko
Associate Professor
Research fields:
Labor Economics;
Empirical Microeconomics

asset prices on households' lifetime utility.
For more details on my research activities, please see the link below:
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K006520/english.html#Papers

Messages to Prospective Students
I hope students are enthusiastic about studying Economics, Statistics, and Econometrics. I am happy if
my students are interested in empirical studies on households' behavior using micro-data.

Research Activities
I have mainly conducted empirical research in Finance,
Corporate Governance, and Financial Literacy. My
research topics includes M&A-related issues and shareholder activism, aiming to address questions such as“whether M&A increased or decreased company value
in Japan?”; “what kinds of acquiring firms are increasingor decreasing company value?”; “How can institutional
shareholders monitor management in Japanese companies?”; just to give a few examples. Presently I am working on cross-border M&A research as to how culturaland institutional factors may affect the performance ofcross-border M&A.
In addition, another strand of my research is about “financial literacy”. I conducted surveys to measure therespondents' financial knowledge as well as their socioeconomic backgrounds and financial behaviors. I
then investigated the data to see whether people with higher financial knowledge are wiser in their financial
decision-making (which is yes!). I also want to know whether financial education withing family or school
can be helpful in this regard. You can see a list of my research publication at our website:
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K006685/english.html#Papers

Messages to Prospective Students
Ideally, the prospective students should have a strong motivation of learning, being able to think and act
spontaneously and independently. In addition, I assume my students have basic background in business,
economics, accounting and statistics during their undergraduate (or graduate) studies. Since our program(IPFBE) has a focus on empirical studies, the prospective students should be comfortable with collecting andhandling data, as well as performing econometric analyses (by using some sort of software such as STATA).

Research Activities
In our society, we constantly encounter interactions
with others, including competition, conflict, negotiation, and cooperation. My research interests involve
translating these seemingly elusive aspects into
economic models using game theory, thereby
enabling the mathematical analysis of these intangibleinteractions. More specifically, I employ two models
of game theory, non-cooperative game theory andcooperative game theory, to analyze strategic interactions and cooperative relationships. The researchoutcomes have practical applications in analyzing, for instance, the voting power of individuals, theformation of coalitions and organizations, and the stability of the allocation of goods and resources.
You can see a list of my research publications and activities here:
https://sites.google.com/view/takaakiabecv/takaaki-abe

Messages to Prospective Students
Prospective students should be interested in game-theoretic situations and the mathematical framework.
I welcome students who can engage in theoretical analyses and have an interest in the rational behavior
of individuals.

Research Activities
I have been engaged in the creation of various types ofapplied theoretical models in microeconomics and related fields. Currently, I am mainly involved in the theoretical research for the co-evolution of the institution andculture, in particular, its application to the political economy of religion; Applying economic theories, I study
how the politics-religion relationship and the religiosity/secularity of a society dynamically evolve as theyinteract with each other.
In the future, I hope to link this research to studies thatexamine the universality and stability of Western-styleliberal democracies.
Besides, I am also interested in applying the economics of information and game theory to study the structure of industrial society that affects the performance of the Japanese economy. At present, I am also
continuing theoretical research to understand the mechanism by which the misallocation of talents andefforts is constantly caused, both inside and outside of Japanese firms.

Messages to Prospective Students
The ideal student for me is one who enjoys thinking deeply about the underlying mechanisms when society
and the economy work in specific ways. I am open to accepting any outstanding students interested inapplied theoretical models of microeconomics and game theory, even if they have not yet decided on thefield of specialization.
Students need to have some mathematical background in order to master economic theories. In addition, it
is also important for students to continue to sophisticate their own research questions during the program.
Therefore, those students with a deep interest in history, politics, and other various public issues arewelcome.

Research Activities

International PrograminManagement and Accounting(IPMA)

I have conducted empirical research in Finance, using
Japanese firm data My research topics relate to Parent
Otsubo, Minoru– subsidiary relationships such as equity carve-outs,
M&A of Parent – subsidiaries, and adoption of a pureholding company, some of which are unique to JapaProfessor
nese firms. For example, I have investigated whether
Research fields:
Japanese Management System;complete acquisitions of subsidiaries by the parent
Corporate Financefirm can enhance shareholders’ wealth of parent firms
or not.
You can see a list of my research publication at our
website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K005198/english.html#Academic_Activities

Messages to Prospective Students
First of all, I wish the prospective students are interested in Japanese firms. Japanese firms have many
unique management systems such as the main bank system, keiretsu, and cross-holdings of shares. I
expect that the students learn these unique management systems as well as basic knowledge relating tocorporate management.
Second, I wish the students learn basic knowledge of accounting for the following two reasons. Our
program (IPMA) consists of management and accounting areas. You have an opportunity to learn
accounting as well as management. In addition, we need basic accounting knowledge because we use
accounting data for empirical research. I expect that the students learn different but related academicareas.

Research Activities

Research Activities

I mainly conduct research on the transitioning energy
system. My focus is Energy Economics, the study of
how the deployment of new energy technologies, or the
implementation of new energy policies affect energy
system economic outcomes. This research is framed in
the aspects of achieving carbon neutrality and the Japanese and Global goals toward achieving a low carbon
energy transition.
One other important aspect of my research is the holistic
evaluation of sustainability. In this research the focus ison balancing the aspects of the environment, the economy and society in the evaluation of sustainability. Often
the environmental and economic aspects are prioritized, however the incorporation of social aspects is more
important than ever, especially in achieving the Sustainable Development Goals (SDGs). Building on theimportance of social aspects in sustainability, my research also aims to identify and quantify social aspects,
such that they are fully fungible with economic and environmental aspects of sustainability.
You can see a list of my research publications here:
https://www.scopus.com/authid/detail.uri?authorId=56896748300
and my lab website here: www.chapman-lab.com

My recent research focuses on organizational growth.
Nakamoto, Ryuichi I apply Penrose's theory as a theoretical lens to
explain the growth of firms. Organizational growth
has long been a topic of interest to researchers as well
Associate Professor
as practitioners, and policymakers. Surprisingly, theoResearch fields:
Management;ries explaining organizational growth have been less
Organization Theory
accumulated than those explaining competitive
advantage. Why and how organizational growthoccurs is still not fully understood. In other words,
many research questions remain unsolved. Existing
research in this area has accumulated empirical analysis in for-profit firms, such as start-ups and SMEs,
while analysis in other sectors has been insufficient. In fact, professional services organizations havenot been accumulating research until now, even though they are one of the fastest-growing sectors
worldwide. In light of these research trends, I am analyzing the factors of organizational growth forprofessional service organizations.

Messages to Prospective Students

I look forward to students interested in why and how organizations grow. Students interested in empirical research and theory building to explain the phenomenon of quantitative expansion of organizations(whether large or small, for-profit or non-profit sectors) are welcomed.

Prospective students should be interested in the energy system and the challenges of the transition to a low
carbon energy system in the future. I encourage critical thinking on which aspects are most important, andsome recent topics which are of interest include: The hydrogen economy, emission trading systems (ETS)and techno-economic analysis of emerging energy and enabling technologies.

Messages to Prospective Students

Research Activities

Research Activities

I am conducting empirical research in the field of
human resource management and organizational
behavior using data from Japanese companies. In
particular, I am interested in working styles, such as
what factors improve the work-life balance of
employees.

My primary areas of research are theoretical andempirical studies of accounting regulation, but also
cover a wide range of areas related to accounting.
Specifically, my research interests include accounting
regulation in the US, accounting regulation in the EU,
accounting for PFI, international convergence ofaccounting standards, the history of accounting regulation, the relationship between financial regulation
and accounting regulation, and public sector accounting.

Messages to Prospective Students
I hope that all prospective students will not only have the desire to study in Japan, but also the desire to
deepen their academic studies. For this reason, I would like you to have as clear an awareness as possible of what you want to know and what you want to clarify.

Oishi, Keiichi
Professor
Research fields:
Corporate Accounting;
Financial Accounting

Messages to Prospective Students
While accounting is a practical discipline, I would require that graduate students be academicallyoriented. Even if you do not intend to be a researcher but rather a businessperson or accounting professional in the future, it is important to understand the role accounting plays in the economy and society
based on the results of academic research.

Research Activities

Research Activities
Specifically, I am studying the responsibility accounting system for micro profit centers, known as Amoeba
Management; experimental research on the effect oftarget cost difficulty on cost reduction effectiveness;the effect of Balanced Scorecard implementation on
hospital management.

Messages to Prospective Students
I would like you to learn a lot from the management accounting of Japanese companies to solve management accounting problems in your own country. For students who cannot read or speak Japanese, we
assist in collecting data on Japanese companies through questionnaires and interviews.

My core research fields are financial accounting,
IFRS, as well as financial and non-financial reporting.
Shiosaki, Tomomi
The subject is "Evolution and Transformation of
Accounting Systems," in which I theoretically explore
Associate Professor
what universality and diversity exist in accounting
Research fields:
Financial Accounting;systems, why diversity exists, how international stanIFRS;
dards spread, and what are the obstacles to adopt
Financial and non-financial reportinginternational standards. Currently, I am engaged in acomparative study of Japanese and German non-financial disclosure systems, research on incentives for
EU-listed companies to apply local accounting standards rather than IFRS, and case studies of global
financial reporting by rapidly growing small and medium-sized enterprises in a drastically changing
international society.

Messages to Prospective Students
Especially in the international community, there is a demand for students who can think in a balancedmanner, with multiple and bird's eye views. Regarding accounting, the Anglo-American model ofaccounting standards used in the capital markets are not the only accounting standards in the world.
Moreover, what is meant by the term "accounting" may differ from country to country. We are looking
for students who question common beliefs and conventions, and conduct their research with strong curiosity and passion.

Research Activities
My previous work was about accounting technology
transfer in the emerging economies. Recently, I havebeen working on implementation issues regarding
global accounting standards in Japan. Ozu et al. (2018)
focused on perceptions of the IFRS adopters, using qualitative data collected from Japanese listed companies.
Broadly speaking, my research interests cover topics in
the institutional transformation within the accounting
reporting and profession in the coordinated market
economies. In addition, my recent research topics
include museum management that relates to cultural
assets valuation.
You can see a list of my research publication at our website.
https://hyoka.ofc.kyushu-u.ac.jp/search/details/K002456/english.html

Messages to Prospective Students
First of all, I would like prospective students to have finished the intermediate level of financial accounting
and basic level of financial analysis. It is preferable that they have read IFRS version textbook.
Second, I would like them to show dedicated efforts and responsibility to their project. Their potential supervisor has a right to expect substantial effort, initiative, and openness to criticism. Also, they would need tokeep their literature surveys up to date throughout their graduate program.
Third, I would like them to be interested in Japanese cultural assets. My graduate students are those who are
attracted to art paintings, cuisine, and music. Among other things, some of them play guitar, piano, cello, anderhu (two-stringed Chinese instrument). Afterwards, my students and I go out to hear a professional performance by the Kyushu University philharmonic orchestra together. They will also have a chance to interact
with Japanese students.

Made By kangtaixiao@163.com