ANNUAL REPORT2014 2015

ANNUAL REPORTFY2014 - FY2015

ANNUAL REPORT FY2014 − FY2015
INDEX

About IIR

I. Research Activitiesi011) Innovation Research Forum

022) Joint Research Projects

043) Conferences

12

II. Researchers

191) Full-time Rsearchers202) International Visiting Researchers

52

III. Education

53

1) Courses Given by the IIR Faculty Members

542) Innovation Management and Policy Program

56

IV. Research Results / Publications

59

1) Hitotsubashi Business Review

602) Working Papers

683) Case Studies

70About IIR‘To become a world-class of excellence for research in social processes of innovation’ ― The Instituteof Innovation Research (IIR) was established at Hitotsubashi University to achieve this aim in April
1997, as the result of the reorganization of the Institute of Business Research, whose main pursuit had
been the theoretical and empirical analysis of business, society and management.
It is indispensable for a populous country with poor natural resources like Japan to generate innovation.
The importance of innovation has considerably increased since 1990s when growth by catching up with
Western competitors was no longer possible. At that time, however, we had only little understandingof how innovation was generated. Innovation was an agenda in the realm of technical development.
People did not pay sufficient attention to the long, social process for turning technological invention
into industrial development. Innovation is a complex social phenomenon in which economic, political,
organizational, historical and legislative factors are correlated with each other. In order to clarify thisprocess, there needed to be places for interdisciplinary, systematic research where people from various
fields of social science could work together utilizing the knowledge of natural science. This is how the
IIR was established as an interdisciplinary research institute concentrating on the innovation process.
Missions
The first mission of the IIR is to study the innovation generation process systematically andempirically, understanding innovation as something to bring about economic value, and to contributeto the improvement of theoretical and practical knowledge. The role of the IIR also encompasses theclarification of social and economical impacts of innovation.
The second mission is to build a bridge between theory and practice on innovation. Since innovation
is “living phenomenon,” one needs to be deeply involved in the front line of practice and understandspecific problems happening there. In order to achieve the ultimate objective of facilitating innovation,
there should be certain mechanisms for applying theoretical knowledge to the front line of innovation.
In this sense, the IIR has to play an important role in linking theory and practice.
The third mission is to be an open research center which serves as a place for knowledge fusions
between researchers from different countries. As the importance of innovation is and will be growing
in East Asian countries, promoting interactions with researchers from these countries is very importantfor Japan in contributing to the development of this region. Thus, the IIR's missions also include theaccumulation of qualitative and quantitative information on Japanese innovation.
Research Areas
In order to pursue its mission of studying the innovation process systematically and empirically, theactivities of IIR have covered the following areas of research since its establishment.
“Research on Technological Innovation” and “Research on Management Innovation” are the areas inwhich factors facilitating innovation such as technology, organizations and management methods arebeing studied. “Research on Entrepreneurs” analyzes the personal characteristics of entrepreneurs as
innovation initiators in order to go deep into the realities of innovation. “Research on Social Networks”
explores how networks of private firms, universities, individuals, and other entities and parties affectinnovation.
“Business History Research” and “Technology History Research” look at the above areas of empiricalresearch from a broader perspective, understand their historical contexts, and trace the development
processes of innovation over time. “Research on Institutions for Innovation” focuses on clarifying
the influences of accounting and legal systems (such as those about intellectual property rights) on
innovation.
“Research on Knowledge Management” synthesizes and attempts to understand all these empiricalareas of research from a broader, theoretical perspective. Finally, “International Comparative Research”
involves comparison, demonstration and analysis on an international scale.

iWe believe that our research at the IIR offers an important opportunity to foster creativity andinnovation in Japan in order to bring about transformation and development in business organizations
and the economy. We wish to create a world-class, international research institute where people from allover the world can conduct research together.

ii

I. Research Activities

1I. Research Activities

1. Innovation Research Forum ̶ Apr. 2014 ~ Mar. 2016
The following is the list of lectures given as part of the Innovation Research Forum during 2014-2015 academic
year:

2

Mar. 16, 2016

Dumisani Magadlela
Visiting Associate Professor, IIR
Programme Manager, Pan African Capacity Building Programme, Development Bank ofSouthern Africa“You Cannot Teach a Lion to Roar: African Skills Development and Capacity Building:
Challenging Old Paradigms While Grabbing New Opportunities”

Feb. 8, 2016

Hitoshi Mitsuhashi
Professor, Organization and Management Theory in Faculty of Business and Commerce,
Keio University“Missing Contenders: Competitive Asymmetry and Organizational Inattentiveness toPotential Competitive Threats”

Feb. 3, 2016

Jiangyun Wan
Adjunct Assistant Professor, IIR“Brand Loyalty and Generic Competition”

Nov. 25, 2015

Nabil Abou Lebdi
University of Luxembourg“Radical Innovation - A domain of SMEs? A novel test of the Schumpeterian Hypothesis”

Nov. 4, 2015

Matthias Kipping
Professor, Policy, Schulich School of Business, York University“The Rise of Management Power: Business Schools, Consultants, Media”

Sep. 16, 2015

Peter Ping Li
Asia Research Center, Copenhagen Business School“The second-home strategy for international strategic entrepreneurship”

Jul. 15, 2015

Nobuyuki Hanaki
Aix-Marseille University“Cognitive Ability and Strategic Uncertainty in an Experimental Asset Market”

Jun. 24, 2015

Kanchan Joshi
Data Scientist, Uhuru Corporation“A Study of Resource Constrained Project Scheduling Problems with Preemption andLearning”

Apr. 22, 2015

Ilir Haxhi
Assistant Professor,Amsterdam Business School, University of Amsterdam“Patent Enforcement under Strong Intellectual Property Rights:
The Liability of Foreignness in US Patent Litigation”

Apr. 15, 2015

Min, Jungwon
Assistant Professor, Faculty of Economics, Kyushu University“Sensitivity of Alliance Termination to Pre-Alliance Formation Conditions:
Expectation Effects of Alliance Partners”

Dec. 24, 2014

Michele Ruiters
Visiting Associate Professor, IIR / Regional Integration Specialist, Knowledge Management andInnovation, Strategy Division, Development Bank of Southern Africa“Mitigating Risk in Post-Conflict Finance in Africa: A sustainable development finance opportunity”

Oct. 22, 2014

Takuto Shishido
Lecturer, Musashino University“Why Extroverts Make Friends with People from Other Cultures at Workplaces:
The Role of Psychological Diversity Climate”

Oct. 15, 2014

Stefan Wagner
Associate Professor, ESMT European School of Management and Technology“Public goods, patent thickets and conflict resolution”

Sep. 8, 2014

Wendy Li
U.S. Bureau of Economic Analysis“Organizational Capital, R&D Assets, and Offshore Outsourcing”
Akiyuki Tonogi
Hitotsubashi University“Economic Growth Analysis on Japan in Dynamic General Equilibrium:
Model with R&D and Human Capital”

Jul. 16, 2014

Hiroshi Shimizu
Associate Professor, IIR
Naohiko Wakutsu
Research Associate, The Health Care Science Institute“Entrepreneurial Spin-Outs and Vanishing Technological Trajectory: Laser Diodes in the US and Japan”

Jun. 3, 2014

Rudi Bekkers
Professor, Eindhoven University of Technology“Does working with industry come at a price?:
A study of doctoral candidates’ performance In collaborative vs. non-collaborative PhD projects”

Apr. 30, 2014

Ilir Haxhi
Visiting Associate Professor, IIR / Assistant Professor, Amsterdam Business School, University of
Amsterdam“Institutional Configurations and the Cross-National Diversity of Corporate Governance”

Apr. 16, 2014

Giuseppe Scellato
Assistant Professor, Department of Management and Production Engineering, Politecnico di Torino“Public Venture Capital in Europe: the role of ownership and compensation schemes on VC teams
investment strategies”

3

I. Research Activities

2. Joint Research Projects ̶ Apr. 2014 ~ Mar. 2016
At the IIR, we have the advantage of a team of researchers covering many areas of scholarship to carry out
joint research into themes that have not previously been touched upon. The following are the joint research
projects that researchers engaged in during the 2014-2015 academic year.
(* = Project Leader, or Coordinator)■ Research on Scientific Sources of Innovations and Economic Impacts of Science
1. Objectives
1) Case Study and Survey Analysis of Science Sources of Innovation
We will conduct interviews/surveys with regard to innovators/inventors in (mainly) the pharmaceutical/
biotechnology fields about the scientific sources of new drug discovery and inventions, and construct
a comprehensive dataset for analyzing the mechanism of scientific contributions to the innovation
process.
2) Knowledge Flow Analysis
Using the above dataset, we will develop a method to grasp knowledge flows from scientific discoveries
to innovations from bibliographic information (backward/forward citations and co-authors) of scientificpapers and patents.
3) Economic Impact Analysis
We will evaluate the economic impact of innovations based on scientific discoveries. Finally, we aim to
make policy recommendations for improving the measurement of economic contributions of sciencebased innovations and for enhancing the contribution of science to innovation performance.
2. Time Period
Autumn 2012-2015
3. Members
Sadao Nagaoka*, Akira Endo, Yasushi Hara, Yusuke Naito, Yoshiyuki Ohsugi (IIR), Kenta Nakamura(Kobe University), Junichi Nishimura (Gakushuin University), Naotoshi Tsukada (National Graduate
Institute for Policy Studies), Akira Nagumo (Office of Pharmaceutical Industry Research), Koichi Genda(Office of Pharmaceutical Industry Research), Yuji Honjo (Chuo University), Eiko Shimizu (Japan
Bioindustry Association), Hideo Kawabe (Japan Bioindustry Association), and Yumi Shimizu (Japan
Bioindustry Association)
4. Outline
Our research project consists of the following three components: (A) Case Study and Survey Analysis of
the Science Sources of Innovation, (B) Knowledge Flow Analysis, and (C) Economic Impact Analysis.
In (A) Case Study & Survey Analysis of the Science Sources of Innovation, we aim at conducting(1) detailed case studies of scientific sources for “blockbuster” drugs which have been invented anddeveloped in Japan, (2) questionnaire surveys on the science sources for drugs in the pharmaceuticalindustry and of bio startups in Japan, in collaboration with Japan Pharmaceutical Manufacturers
Association and Japan Bioindustry Association, and (3) a follow-up Inventor Survey in collaboration withRIETI, which examines the scientific sources of inventions in all technology fields.
In (B) Knowledge Flow Analysis, using the results of the above case studies and questionnaire surveys
as a benchmark, we evaluate how bibliographic data (backward/forward citations, co-authors and4co-inventors) of patents/scientific papers predict actual knowledge flow for innovation. Then, we propose
to develop a method to enhance the correlation between bibliographic data and the actual knowledge
flow.
Finally in (C) Economic Impact Analysis, we assess the contribution of science to the economic impactsof the innovations. We classify the drugs based on the degree of scientific contribution and assess the
economic impact of science by using different indicators of outcomes, such as drug efficacy, wide
therapeutic applications, pharmaceutical prices and quantities in international comparison. We also
examine the degree of firms’ and/or inventors’ absorptive capacity for scientific sources in order toobtain managerial implications for innovation. Eventually, our research project aims to propose policy
recommendations that will empower science-based innovations.
5. Research Outputs during FY2014-FY2015
Research Reports:
http://www.ristex.jp/examin/stipolicy/pdf/20141215_04.pdf
http://www.ristex.jp/archives/fin/index.html
Working Papers and an Article:(1) Hara, Yasushi, Yoshiyuki Ohsugi and Sadao Nagaoka, “A Case Study on Discovery and ClinicalDevelopment of a Break-through Drug in Japan: Actemra (JST-N-CASE01),” IIR Working Paper
WP#14-07, October 2014
(2) Takada, Naoki, and Hideo Kawabe “A Case Study on Discovery and Clinical Development of a Breakthrough Drug in Japan: Leuplin(JST-N-CASE02) ,” IIR Working Paper WP#14-08, January 2015
(3) Nagaoka, Sadao and Isamu Yamauchi, “Scientific Sources of Corporate Inventions in Japan: Evidence
from an Inventor Survey,” RIETI Discussion Paper 14-J-038, August 2014(4) Hashizume, Misato and Yoshiyuki Ohsugi, “IL-6 as a Target for Inflammation,” Endocrine, Metabolic& Immune Disorders - Drug Targets, Vol. 15, 2015
(5) Takada, Naoki, and Koichi Genda, “A Case Study on Discovery and Clinical Development of a Breakthrough Drug in Japan: Pioglitazone (JST-N-CASE03) ,” IIR Working Paper WP#15-02, January
2015(6) Takada Naoki, Koichi Genda and Akira Nagumo, “A Case Study on Discovery and ClinicalDevelopment of a Break-through Drug in Japan: Blopress (JST-N-CASE04),” IIR Working Paper
WP#15-03, January 2015(7) Hara, Yasushi and Sadao Nagaoka, “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Mevalotin (JST-N-CASE06),” IIR Working Paper WP#15-06, March
2015(8) Hara, Yasushi and Hideo Kawabe, “A Case Study on Discovery and Clinical Development of a Breakthrough Drug in Japan: Aricept (JST-NCASE08) ,” IIR Working Paper WP#15-07, March 2015(9) Nagaoka, Sadao and Yasushi Hara, “A Case Study on Discovery and Clinical Development of a
Break-through drug in Japan: Compaction (JST-N-CASE05),” IIR Working Paper WP#15-08, March20155

(10) Nagaoka, Sadao, Junichi Nishimura and Koichi Genda, “Drug Discovery and Science: Findings froma Project-level Survey on Pharmaceutical Innovations and Their Economic Impacts in Japan (Part I),”IIR Working Paper WP#15-16, August 2015(11) Sadao Nagaoka, Junichi Nishimura and Koichi Genda, “Clinical Research and Science: Findings
from a Project-level Survey on Pharmaceutical Innovations and Their Economic Impacts in Japan(part II),” IIR Working Paper WP#15-17, August 2015
Presentations:(1) Hara, Yasushi, “The Impact of Scientific Collaboration on Pharmaceutical Innovation: Comprehensive
Story of Statins Invented in Japan- Compactin, Mevalotin and Crestor,” Annual Conference of the
Association of Japanese Business Studies, June 2014, Vancouver, Canada(2) Hara, Yasushi, “How Star Scientist Make High Performance?: Empirical Study for Destructive
Innovation in Pharmaceutical Industry,” 30th European Group for Organizational Studies
Colloquium, July 2014, Rotterdam, the Netherlands(3) Hara, Yasushi, “Re-active and Active Innovation Network: A Comparison Study of R&D Process for
Antibody Drugs,” 15th the International Joseph Alois Schumpeter Society Conference, July 2014,
Jena, Germany(4) Hara, Yasushi, “The Impact of Scientific Collaboration on Pharmaceutical Innovation: Case Study ofBlockbuster Drugs in Japan and US,” 2nd AIEA (Asian Innovation and Entrepreneurship Association)-NBER (National Bureau of Economic Research) Conference, Korean Advanced Institute for Scienceand Technology, August 2014, South Korea(5) Hara, Yasushi, “Re-active and Active Innovation Network: A Comparison Study of R&D Process for
Antibody Drugs,” Mitsubishi Bank Foundation International Conference, August 2014, Kanagawa(6) Hara, Yasushi, “How Star Scientist Make High Performance?: Empirical Study for Destructive
Innovation in Pharmaceutical Industry,” International Federation of Scholarly Associations ofManagement 2014 World Congress in Tokyo, September 2014, Tokyo(7) Hara, Yasushi, “The Distance between Science and Innovation–Quantitative Analysis Based on
Science Linkage Database,” Annual Conference of Japanese Economic Association, Seinan Gakuin
University, October 2014, Fukuoka(8) Hara, Yasushi, “Scientific Network and Sources of Destructive Innovation: Twelve Case Studies ofPath-breaking drug Invented in Japan,” the 5th Asia-Pacific Innovation Conference, November 2014,
Sydney, Australia(9) Yamauchi, Isamu, “Use of Science for Inventions and Its Disclosure: Patent Level Evidence Matchedwith a Survey Result,” Workshop on Knowledge, IPRs and Innovation, November 16, 2014, Tokyo(10) Nishimura, Junichi and Sadao Nagaoka, “Private and Social Performance of Science Intensive
Drugs: Evidence from New Drugs Launched in Japan,” 5th Asia–Pacific Innovation Conference,
November 2014, Sydney, Australia(11) Honjo, Yuji, “Initial Public Offerings of Start-up Firms: Evidence from Japan,” 5th Asia-PacificInnovation Conference, November 2014, Sydney, Australia

6

■ magicc: Micro Analysis on Green Innovation and Corporate Competitiveness1. Outline of Research
Former Democratic Party of Japan Prime Minister Hatoyama’s declaration at the Copenhagen Summit ofJapan’s intention to reduce greenhouse gases (GHG) by 25% by 2020 compared with 1990 is still a fresh
memory. On the other hand, the Great East Japan Earthquake resulting in the accident at the Fukushima
Nuclear Power Station, raised a question for the construction of new nuclear plants, and even for thecontinued use of existing facilities. Japan currently is confronted with three serious issues, in terms of its“energy problem (stable energy supply),” “environmental problem (reduction of greenhouse gases)” and“industrial problem (long-term economic development)”. The situation is like a complex simultaneous
equation that at first glance appears to have no solution. Magicc is a research project aimed at solving
this complex equation from the micro-perspective of management scholars by conducting in-depth
fieldworks.

2. Time Period
FY2011-present
3. Members
Yaichi Aoshima*, Masatoshi Fujiwara (Graduate School of Commerce and Management), Kazunari
Matsushima (The University of Tokushima), Youngjae Koh (Konan University), Tomono Miki (Chuo
University), Atsushi Tsumita (Musashino University), Kenji Asano (Central Research Institute of ElectricPower Industry), Hiromi Kubota (Central Research Institute of Electric Power Industry)
4. Research Activities and Outputs during FY2014-FY2015
A part of our research activities as well as reports of research meetings are disclosed in the following
website (in Japanese).
http://magicc.iir.hit-u.ac.jp
Articles:(In Japanese)
Aoshima, Yaichi and Kenji Asano, “Overcoming Forces that Distort Renewable Energy Policies: An
Analysis on the Impact of FIT in Japan on the Rooftop PV Market,” Journal of the Japan Institute ofEnergy, Vol. 94 No. 7, July 2015, pp. 627-639
Aoshima, Yaichi and Atsushi Tsumita, “A Framework for Understanding Development of the ICT
Industry,” Nextcom, KDDI Research Institute, Vol. 22, May 2015, pp. 34-43
Aoshima, Yaichi, “Issues in Environmental Protection and Energy Supply from a Perspective ofManagement Scholar (1)-(6),” Shosainomado (The Window of Author’s Study), Yuhikaku, Issue
September 2014 (No.635)-Issue July 2015 (No. 640)
Fujimoto, Takahiro, Jyunjiro Shintaku and Yaichi Aoshima, “Simultaneously Pursuing Environment,
Energy, and Industry Competitiveness: Importance of a Micro Perspective,” in Fujimoto,
Takahiro, Jyunjiro Shintaku and Yaichi Aoshima, eds., Uncovering the Real Potential of Japanese
Manufacturing, Toyokeizai, February 2015, Chap. 9, pp. 258-297
Tsumita, Atsushi and Yaichi Aoshima,“Public-private-partnership in the Japanese Water Business,”
Annual Report of the Institute of Political Science & Economics, Musashino University, No. 9, July
2014, pp. 75-101
7

Business Cases &Working Papers:(In Japanese)
Aoshima, Yaichi and Tomono Miki, “Use of Geothermal Energy in Iceland,” in Mizukami, Takahisa,ed., Handbook on Regulations and Practices Regarding Development and Operation of Renewable
Energy, NTS Inc., March 2016, pp. 80-88
Aoshima, Yaichi and Wen Wang, “Effective Mobilization of Scarce Resource through Social Networks:
Exploring Mechanism that Accelerated the Growth of the Chinese PV Industry,” Hitotsubashi
Business Review, Vol. 63, No. 3, December 2015, pp. 34-47
Asano, Kenji and Yaichi Aoshima, “An Effect of Governmental Subsidy on Price of the Roof-top PV
System,” IIR Working Paper WP#15-09, March 2015
Fujiwara, Masatoshi and Yaichi Aoshima, “Nitto Denko Corporation: Development of Reverse Osmosis
Membrane and its Application,” IIR Case Study CASE#14-02, October 2014
Fujiwara, Masatoshi and Yaichi Aoshima, “Business Case / Toyobo: Development of Reverse Osmosis
Membrane and Its Business,” Hitotsubashi Business Review, Vol. 62, No. 1, June 2014, pp. 102-119

Presentation:
Aoshima, Yaichi, “Forces that Distort Renewable Energy Policies: An Analysis of the Policy Impact on
the Rooftop PV Market in Japan,” presented at the NUS-IIR Workshop on Innovation 2015, National
University of Singapore, September 11, 2015, Singapore
Aoshima, Yaichi, “Management and Innovation Required for Implementing Growth Strategy,” the 6th
Tokyo Institute of Technology and Hitotsubashi University Joint Traveling Seminar, December 7,
2014, Aichi (Keynote Speech)
Aoshima, Yaichi and Hiromi Kubota, “Economy of Small-scale Geothermal Power Plant Using Hot
Springs,” presented at Annual Meeting of the Japan Institute of Energy, July 19, 2014, Fukuoka
Kubota, Hiromi and Yaichi Aoshima, “Social Acceptance of Small-scale Geothermal Power Plant Using
Hot Springs,” presented at Annual Meeting of the Japan Institute of Energy, July 19, 2014, Fukuoka
Aoshima, Yaichi, “Promoting Right Management and Innovation with Uncertainty,” the 1st Symposiumon MOT and Innovation, hosted by Japan Techno-Economics Society, June 10, 2014, Tokyo (Special
Lecture)8

■ Project on Networks and Innovations
1. Outline of Research
Given a growing concern for how networks help mobilize resources more flexibly than traditional
hierarchies in today’s rapidly changing environments and how social capital can be usefully mobilized
to sustain such resource allocation, this research focuses on identifying and analyzing the underlying
determinants of successful institutional arrangements of organization and networking at two levelsof analysis. First, at the organizational level we examine in some detail the emergent experiments ofintroducing cross-functional teams to defense systems development in the current context of defense
procurement reforms among allies. Second, we investigate the emerging networking patterns ofChinese entrepreneurs from Wenzhou, Zhejiang province, whose striking economic success has been
widely recognized, in comparison with their counterparts from several locales from Fujian province. In
particular, we examine the extent to which Wenzhounese entrepreneurs’ rapid rewiring patterns of theirlinks with various transnational locales is related to their success in the light of small-world network
theory that accommodates both local cohesiveness (high clustering coefficient) and efficient network
information transmission (short path length). As in previous years we have continued to conduct ourcomparative field research in Japan, China, and Europe and published preliminary research results inthe forms of working papers and articles in the media, and will publish a major academic book pulling
together all the important findings.
2. Time Period
FY2004-present
3. Members
Toshihiro Nishiguchi*, Motoko Tsujita (Ryukoku University)
4. The Findings of Our Study
Qualitative and quantitative evidence from our study of Wenzhou’s economic success documents (1) the
structural effectiveness of expatriates’ rewiring of community networks to capture information and wealthfrom afar, (2) how the abundance of their community capital facilitates community members’ sharing andexploitation of nonredundant information, (3) how real world “global neighborhoods” established at thecommunity level are consistent with, and operationalize, the tenets of small-world network theory, and(4) how its exclusionary aspect may limit the evolvability of community cohesion. Our evidence further
suggests that prosperity beyond what accrues to one’s cognition and resources may lie in the successful
operation of small-world networks. We noted earlier that both structure and agency are necessary, but add
here that they are not sufficient; how they are connected is crucial as well.
We compared, through the lenses of social capital, trust and norms, the community networks, migration
and rewiring patterns, and social cohesion characteristic of expatriate communities from Wenzhou andFujian provinces. The similarities we observed in terms of human capital (low educational levels), initialmigration patterns (smuggled abroad, often with the aid of organized crime), types of work (menial jobs),
resources (loans from family members and relatives), proportion of foreign expatriates to hometown
population (upper single-digit percentage point), and timing of emigration (a few decades after the 1978
Reform and Opening-up Policy) belie the striking differences we documented in the development andviability of the enterprises the respective groups established on foreign soil.
We found Wenzhou expatriates, by and large, to be successful and prosperous, continuously expanding
their businesses assisted by community networks that facilitate constant search for new opportunities.
In contrast, expatriates from Fuqin and elsewhere in Fujian province, especially those who emigrated
to Japan, operating largely alone, with little prospect for collective activity, often became involved
in internecine struggles and not infrequently turned to petty or even violent crime. Underlying these9divergent outcomes were markedly contrasting community norms and values. Wenzhou natives exhibitedan avid entrepreneurship, expressed as a desire to be the “head of a chicken rather than the tail of apeacock,” and deep embeddedness in and harmony with their hometown community. Among Fuqin
natives and others from Fujian province we observed a hand-to-mouth orientation to life and deeplyingrained norm of risk avoidance reflected in the life pursuit of erecting in their hometown a three-story“stowaway palace” in which to retire in comfort to the envy of their immediate neighbors.
The mobility patterns of expatriates from Fuqin and proximate locations, consistent with those of theirpredecessors, some of them successful entrepreneurs in South East Asia, were by and large of the “I-turn”
type between their hometown and a particular foreign destination. These contrast with Wenzhou natives’more recent “zigzagging” itineraries that may land them, for varying lengths of time, in any numberof countries. Their seemingly similar transnationality notwithstanding, the mobility patterns of Fuqin
and nearby natives are consistent with “regular networks” in which nodal connections and information
flows are predictable and overlapping, those of their Wenzhou counterparts more in line with “small
worlds” characterized by elements of random, irregular rewirings embedded in regular, predictable nodeconnections among the broader community. Whereas the former focuses on, and is largely circumscribedby, “next-door relations,” even across national borders, the latter mixes an element of “long-distance
relations” with the broad, cohesive base of next-door relations to foster dynamism and adaptability toever-changing environments. A little bridging thus complements a lot of bonding, and vice versa. We
have examined, in the light of new network theory, the considerable, and predictable, differences in thecollective information-processing and wealth-generating capabilities, and community-wide, informal
welfare functions, of these two groups.
The very same social networks that supported and facilitated the development of a vibrant Wenzhou
economy, however, were also implicated in the 2011 Wenzhou financial crisis, indicating limits tocohesive bonding with closure that threaten to curb further development of industrial structures.
The distinct type and quality of community capital and trust that spawned and spurred Wenzhou’sprosperity continues to exhibit a primitive attribute of social interaction based exclusively on kinshipand the cohesiveness of the hometown community that may in the long run be incongruent with further
geographical expansion and active engagement in transnational businesses. This exclusionary elementof Wenzhou community capital, in forestalling the development of the “universalistic trust” essential tothe ability to rely on and work with strangers, including compatriots from other regions and foreigners,
threatens to prevent Wenzhou from transcending the classic premodern society, the economy of which,as posited by Karl Polanyi remains embedded in and intertwined with traditional cultural and politicalaspects. That Wenzhounese products, processes, and businesses, from production of daily commodities
to real-estate investments to usury, remain almost exclusively within easily imitable domains strongly
suggests that the “Wenzhou model,” especially as propagated in China, could very well run its course
and the long-term viability of Wenzhou businesses be more limited than generally believed, particularly
in China. Nor do Wenzhou firms’ low level of research and development (R&D) expenditures (0.85%
of Wenzhou city’s GDP compared to 1.49% for China and 1.52% for Zhejiang province, on average, in2007) and low profit rates (1%-3%) of its small- and medium-sized enterprises (SMEs) bode well.
The foregoing observations do not negate, but rather further attest to, the usefulness of analyzing
economic activities, behavior, and performance within the frameworks of community capital, trust, social
embeddedness, and the latest network theory. They also suggest, however, some important implications ofconstraining conditions inherent in the objects under study.

10■ Economic Growth Analysis of Science, Technology and Innovation Policy
1. Outline of Research
In this project, we developed a framework for analyzing and evaluating the economic impacts of science,technology, and innovation (STI) policies. In addition, this project conducted economic analyses onimportant issues in particular policy areas such as 1) knowledge production, 2) human resources, 3) R&D
investments and 4) international knowledge transfer. Our goal was to present methods, data, and empiricalestimates (results) to policy makers, policy analysts, other stakeholders and general public who were notfamiliar with economic analysis.
2. Time Period
September 2012 - September 2015
3. Members
Makoto Nirei*, Ryuichi Tamura, Megumi Kimura (IIR), Akiyuki Tonogi (Institute of Economic Research,
Hitotsubashi University), Shuhei Aoki (Shinshu University) , Koki Oikawa (Waseda University), Kensuke
Miyazawa, Tetsushi Murao (Kyusyu University) and Masaoki Tamura (Kyoto University)
4. Research Activities and Outputs during FY2014-FY2015
Articles:Oikawa, K. (2015), “R&D in Clean Technology: A Project Choice Model with Learning,” Journal of
Economic Behavior and Organization, Volume 117, 2015, pp.175-195.
Nirei, M. (2015), “An Interaction-based Foundation of Aggregate Investment Fluctuations,” Theoretical
Economics, Vol.10, pp. 953-985.
Murata, Y., R. Nakajima, R. Okamoto and R. Tamura (2014), “Localized Knowledge Spillovers andPatent Citations: A Distance-based Approach,” The Review of Economics and Statistics, Vol. 96, No.
5, Pages 967-985.
Kawaguchi, D., T. Murao, and R. Kambayashi (2014), “Incidence of Strict Quality Standards: Protectionof Consumers or Windfall for Professionals?,” Journal of Law and Economics, 57(2), pp.195-224.
Murao, T. (2014), “Firm Size Distribution in Oblivious Equilibrium Model with Quality Ladder,”Advances in Intelligent Systems and Computing, 290, pp.99-106.

Working Papers:
Tonogi, A., M. Kitaoka, and W. Li (2015), “Empirical Research on Depreciation of Business R&D
Capital,” ESRI Discussion Paper Series, No. 319.
Oikawa, K. and K. Ueda (2015), “The Optimal Inflation Rate under Schumpeterian Growth,” CAMA
WP#2015-14.
Oikawa, K. and K. Ueda (2015), “State-Dependent Pricing, Firm Entry and Exit, and Non-Neutrality of
Money,” CAMA WP#2015-03.
Tamura, M. (2014), “Margin Rate Rule: A New Pharmaceutical Price Control Policy,” IIR Working Paper,
WP#14-03.

11

I. Research Activities

3. Conferences ̶ Apr. 2014 ~ Mar. 2016
■NUS-IIR Workshop on Innovation
D-ETM (Division of Engineering & Technology Management), NUS
IIR, Hitotsubashi University
11 (Fri) – 13 (Sun) September 2015, NUS
1. Program
Sep. 11 (Fri) 14:00-18:30 Workshop by Faculty members
18:45-20:00 Reception
12 (Sat) 09:00-10:45 Students presentation (AM session)
11:00-12:00 Keynote speech by Prof. Nobeoka (Director of IIR)
13:00-17:00 Students presentation (PM session)
13 (Sun) 10:00-12:00 Conference tour (Library, etc.)
2. Participants
D-ETM, NUS
Prof. Chang Chieh Hang (Head, D-ETM, Exec. Dir. IEL)
Prof. Chihiro Watanabe (Visiting Prof., D-ETM)
Prof. Foo Maw Der (Associate Prof., D-ETM)
Prof. Chai Kah Hin (Deputy Head, D-ETM)
Dr Annapoornima Subramanian (Assistant Prof., D-ETM)
Prof. Wim Vanhaverbeke (Visiting Prof., D-ETM)
Dr Angeline Lim (Research Fellow, D-ETM)
5 Students (Post graduates/Post Dr)
5 Japanese representatives in Singapore
IIR, Hitotsubashi University
Prof. Kentaro Nobeoka (Director, IIR)
Prof. Yaichi Aoshima (Dean, IIR)
Prof. Manabu Eto (Prof., IIR)
Prof. Masaru Karube (Associate Prof., IIR)Dr Megumi Kimura (Adjunct Assistant Prof., IIR)
4 Students (Post graduates)
3.Subject
Institutional Sources of Innovation
Day 1
Sep. 11 (Fri)
14:00-18:30 Workshop (20 min. presentation, 15 min. Discussion)
14:00-14:05 Opening
14:05-14:20 Introduction
14:20-14:40 Prof. Aoshima“Forces that Distort Renewable Energy Policies: An Analysis of the Policy Impact on the Rooftop
PV Market in Japan” (Moderator: Chai)
14:40-14:55 Discussion
14:55-15:15 Prof. Hang
“Strategies of a Small Nation (Singapore) in Technological Innovation: Global Partnership andTalent Development” (Moderator: Aoshima)12

15:15-15:30

Discussion

15:45-16:05 Prof. Eto“The Secret of Innovation in Switzerland” (Moderator: Watanabe)
16:05-16:20 Discussion
16:20-16:40 Prof. Watanabe“Operationalization of Un-captured GDP toward a Post Excessive Consumption Society: Similarity
and Disparity between Singapore and Finland” (Moderator: Eto)
16:40-16:55 Discussion
16:55-17:15 Prof. Karube“Post-Merger Integration: Who Owns Interorganizational Relationships?-Post-Merging Integration
through Client Sharing between Accounting Firms” (Moderator: Foo)
17:15-17:30 Discussion
17:30-17:50 Prof. Foo“Building a Research Agenda on Individual and Team Determinants of Academic Entrepreneurhip”(Moderator: Karube)
17:50-18:05 Discussion
18:05-18:30 Overall discussion(Moderators: Hang and Nobeoka)

13

■Workshop on the Disclosure Function of the Patent System
Date: March 7th (Saturday) 2015
Time: 13:00 pm to 17:30 pm
Venue: First Floor of National Center of Sciences Building (Gakujutsu Sogo Center)(Chiyoda Campus of Hitotsubashi University, 2-1-2 Hitotsubashi, Chiyodaku, Tokyo, Japan)
Program:
13:00 Keynote speeches (40 minutes each, 20 minutes Q&A)
Chair Sadao Nagaoka(1) “Do Inventors Value Secrecy in Patenting? Evidence from the American Inventor’s Protection Act of
1999,”
Stuart GRAHAM, Georgia Institute of Technology and USPTO(2) “Patent Systems and Citation Metrics,”
Bruno VAN POTTELSBERGHE, Dean, Solvay Business School
15:30 Presentations of work in progress (25 minutes each, 15 minutes Q&A)
Chair Yosuke Okada(1) “Effects of Early Patent Disclosure on Knowledge: Evidence from the Impact of Introducing PreGrant Publication System in the United States,”
Yoshimi OKADA, IIR(2) “Effects of Early Initiation of Patent Examination on the Examination Quality,”
Isamu YAMAUCHI, RIETI(3) “Use of Grace Period and its Impact on Knowledge Flow: Evidence from Japan,”
Sadao NAGAOKA, IIR
17:30 Closing

14■ Symposium: Innovation Power of Small Countries
Organized by
IIR
27 February, 2015
Venue:
National Center of Science Building, 2nd Floor 2-1-2 Hitotsubashi, Chiyodaku, Tokyo, Japan
Objective:
To expand the knowledge and develop the idea for innovation management and Innovation
policy making.
Program 27 February
13.00

Opening and Welcome
Professor NOBEOKA, Kentaro(Director, IIR)

13.10

Keynote Speech
Title: Strategies of a Small Nation (Singapore) in Technological Innovation:
Global Partnership and Talent Development
Professor HANG, Chang Chieh (National University of Singapore)

14:00
Title: The Swiss innovation system
Dr. BAUMANN, Caroline (Head of Economic and Financial Affairs, Embassy of Switzerland)
14:40

Session 1
Title: Danish Strategic Participatory Design Approach
Dr. YASUOKA, Mika (Technical University of Denmark)Title: Dutch Food Valley Innovation System
Professor ITO, Munehiko & MATSUMOTO, Yoichi (Kobe University)
Title: Innovation Nation, Israel
NAKASHIMA, Isamu

16:30

Session 2
Panel discussion
Lead
Professor WATANABE, Chihiro (National University of Singapore)

17:30

Closing
Professor ETO, Manabu (IIR)

15

■Workshop on Knowledge, IPRs and Innovation

Date: November 16th (Sunday) 2014
Venue: Expert-Club(Kasumigaseki Common Gate Shop & Restaurant Annex 1F, 3-2-3 Kasumigaseki, Chiyoda-ku)
Organized by
IIR
15:30 to 17:00
1. Presentations by Japanese scholars
Chair: Dietmar Harhoff, Professor and Director for Innovation and EntrepreneurshipResearch, Max Planck Institute for Innovation and Competition(1) Tetsuo Wada, Gakushuin University“Quality Comparison of International Search Reports”(2) Yoshimi Okada, IIR“Effect of Early Patent Disclosure on Knowledge Dissemination: Evidence from the Impact ofIntroducing Pre-Grant Publication System in the United States”(3) Isamu Yamauchi, Research Institute of Economy, Trade and Industry“Use of Science for Inventions and its Disclosure:
Patent Level Evidence Matched with a Survey Result”
17:10 to 18:40
2. Keynote presentations
Chair: Sadao Nagaoka, IIR(1) Keun Lee, Seoul National University,“Catching-up with ‘Similar or Different’ Technologies?: Answers from Huawei’s Catch-up with
Ericsson”(2) Beth Webster, University of Melbourne“Patent Examination Outcomes in the IP5 Offices”(paper with Gaetan de Rassenfosse, Paul Jensen, and Alfons Palangkaraya )16

■International Workshop on Patent System Design for Innovation
Date: August 1st (Friday) 2014
Venue: IIR Conference Room, Second Floor of the IIR Building
Organized by
IIR

12:00 to 13:30
Chair Sadao Nagaoka, Professor, Hitotsubashi University
Luncheon Key-note Speech on “A Perspective of Japanese Patent System”
Hidetaka Aizawa, Professor, Hitotsubashi University (60 minutes presentation)
13:30 to 15:00
Chair Reiko Aoki, Professor, Hitotsubashi University
Key note speech on “Patents and Diffusion: Global Drug Launches”
Mark Schankerman, Professor, London School of Economics (60 minutes presentation )15:00 Presentations of three ongoing research (45 minutes each, including Q&A)
Chair Mark Schankerman, Professor, London School of Economics(1) “Quality Comparison of International Search Reports (ISRs) by Selectable International Search
Authorities (ISAs) under the Patent Cooperation Treaty (PCT) System”
Tetsuo Wada (Gakushuin University) and Setsuko Asami (Tokyo University of Science)(2) “Effect of Early Patent Disclosure on Knowledge Dissemination: Evidence from the Impact ofIntroducing Pre-Grant Publication System in the United States”
Yoshimi Okada (IIR) with Sadao Nagaoka (IIR)(3) “Early Clarification of Patent Rights and Innovation: Evidence from Post-grant Opposition System inJapan”
Sadao Nagaoka (IIR) with Kenta Nakamura (Kobe University)
Acknowledgement: Supported by JSPS (Kakenhi B- 26285055) and by JST funded project on “Science
Sources of Innovation”

17

18

II. Researchers

19II. Researchers

1. Full-time Researchers

Profiles & List of Research Achievements ̶ FY 2014 ~ FY 2015
Yaichi Aoshima■ Education
1996

Ph.D. (Management), Sloan School of Management, Massachusetts Institute ofTechnology

1989
1987

M.C. (Business Administration), Hitotsubashi University
B.C. (Commerce), Hitotsubashi University■ Professional Positions
2012~ Professor, Institute of Innovation Research, Hitotsubashi University
1999 Associate Professor, Institute of Innovation Research, Hitotsubashi University
1997 Assistant Professor, Institute of Innovation Research, Hitotsubashi University
1996 Assistant Professor, Institute of Business Research, Hitotsubashi University■ Research Achievements
1. Publications
1.1. Book
Fujimoto, Takahiro, Jyunjiro Shintaku and Yaichi Aoshima, eds., Uncovering the RealPotential of Japanese Manufacturing, Tokyo: Toyo Keizai, February 2015, 302
pages
1.2. Articles and Chapters in Books(In Japanese)
Aoshima, Yaichi and Tomono Miki, “Use of Geothermal Energy in Iceland,” inMizukami, Takahisa, ed., Handbook on Regulations and Practices Regarding
Development and Operation of Renewable Energy, NTS Inc., March 2016, pp. 80-88
Aoshima, Yaichi and Wen Wang, “Effective Mobilization of Scarce Resource throughSocial Networks: Exploring Mechanism that Accelerated the Growth of the Chinese
PV Industry,” Hitotsubashi Business Review, Vol. 63, No. 3, December 2015, pp.
34-47
Aoshima, Yaichi and Kenji Asano, “Overcoming Forces that Distort Renewable Energy
Policies: An Analysis on the Impact of FIT in Japan on the Rooftop PV Market,”
Journal of the Japan Institute of Energy, Vol. 94, No. 7, July 2015, pp. 627-639
Aoshima, Yaichi and Atsushi Tsumita, “A Framework for Understanding Development of
the ICT Industry,” Nextcom, KDDI Research Institute, Vol. 22, May 2015, pp. 34-43
Aoshima, Yaichi and Kiyonori Sakakibara, “Invitation to Management Science (1)-(4),”Hitotsubashi Business Review, Vol. 62, No. 1-4, June 2014-March 2015
Matsushima, Kazunari and Yaichi Aoshima, “Indirect Spillover Effects of Public Support
on Private R&D: An Analysis on NEDO Follow-up Surveys,” The Journal of
Science Policy and Research Management, Vol. 30, 2015, pp. 221-239 (refereed)20

Fujimoto, Takahiro, Jyunjiro Shintaku and Yaichi Aoshima, “Simultaneously Pursuing
Environment, Energy, and Industry Competitiveness: Importance of a Micro
Perspective,” in Fujimoto, Takahiro, Jyunjiro Shintaku and Yaichi Aoshima, eds.,
Uncovering the Real Potential of Japanese Manufacturing, Tokyo: Toyo Keizai,
February 2015, Chap. 9, pp. 258-297
Tsumita, Atsushi and Yaichi Aoshima, “Public-private-partnership in the Japanese
Water Business,” Annual Report of the Institute of Political Science & Economics,
Musashino University, No. 9, July 2014, pp. 75-101
Fujiwara, Masatoshi and Yaichi Aoshima, “Business Case / Toyobo: Development ofReverse Osmosis Membrane and its Business,” Hitotsubashi Business Review, Vol.
62, No. 1, June 2014, pp. 102-119
1.3. Others
Aoshima, Yaichi, “Japanese People Have Regained Confidence,” JETRO Switzerland
Newsletter, Issue 78, October 2015, pp. 1-2(In Japanese)
Aoshima, Yaichi, “Keizai Kyōshitsu: What Does a Slump in Electronics Business
Reflect ? (2): Problems Derived from an Inflexible Product Boundary” Nihon Keizai
Shimbun, March 15, 2016, P. 28
Aoshima, Yaichi, “Issues in Environmental Protection and Energy Supply from a
Perspective of Management Scholar (1)-(6),” Shosainomado (The Window of
Author’s Study), Yuhikaku, Issue September 2014 (No. 635)-Issue July 2015 (No.
640)
2. Unpublished Work2.1. Working Papers
Matsushima, Kazunari and Yaichi Aoshima, “The Spillover Effects of Publicly Supported
Private R&D: Analysis of NEDO Follow-up Survey Data,” IIR Working Paper
WP#14-04, June 2014
(In Japanese)
Aoshima, Yaichi and Kenji Asano, “Inefficiency Caused by Feed-in Tariff: An Analysis
on Diffusion of the Japanese Roof-top PV System,” IIR Working Paper WP#15-10,
March 2015
Asano, Kenji and Yaichi Aoshima, “An Effect of Governmental Subsidy on Price of theRoof-top PV System,” IIR Working Paper WP#15-09, March 2015
Fujiwara, Masatoshi and Yaichi Aoshima, “Nitto Denko Corporation: Development ofReverse Osmosis Membrane and its Application,” IIR Case Study CASE#14-02,
October 201421

3. Conference Papers, Presentations
Aoshima, Yaichi, “Forces that Distort Renewable Energy Policies: An Analysis of the
Policy Impact on the Rooftop PV Market in Japan,” presented at the NUS-IIR
Workshop on Innovation 2015, National University of Singapore, September 11,
2015, Singapore
Matsushima, Kazunari and Yaichi Aoshima, “The Spillover Effects of Publicly Supported
Private R&D: An Analysis of NEDO Follow-up Survey Data,” presented at the 5th
Asia Pacific Innovation Conference, November 27, 2014, Sydney, Australia(In Japanese)
Aoshima, Yaichi, “Did Japanese Companies Really Revive?: Raising a Question,”presented at the Hitotsubashi University’s 13th Kansai Academia Symposium, “DidJapanese Companies Really Revive?,” February 20, 2016, Osaka
Aoshima, Yaichi, “A Potential of Geothermal Heat Pump,” presented at the 10th GeoHeat Promotion Association of Japan Symposium, February 20, 2015, Tokyo
Aoshima, Yaichi, “Management and Innovation Required for Implementing Growth
Strategy,” the 6th Tokyo Institute of Technology and Hitotsubashi University Joint
Traveling Seminar, December 7, 2014, Aichi (Keynote Speech)
Aoshima, Yaichi and Hiromi Kubota, “Economy of Small-scale Geothermal Power Plant
Using Hot Springs,” presented at Annual Meeting of the Japan Institute of Energy,
July 19, 2014, Fukuoka
Kubota, Hiromi and Yaichi Aoshima, “Social Acceptance of Small-scale Geothermal
Power Plant Using Hot Springs,” presented at Annual Meeting of the Japan Instituteof Energy, July 19, 2014, Fukuoka
Aoshima, Yaichi, “Promoting Right Management and Innovation with Uncertainty,”
the 1st Symposium on MOT and Innovation, hosted by Japan Techno-Economics
Society, June 10, 2014, Tokyo (Special Lecture)22

Manabu Eto■ Education
2008
1985
1983

Ph.D. (Engineering), Tohoku University
M.E. (Engineering Science), Osaka University
B.E. (Engineering Science), Osaka University■ Professional Positions
2016~ Professor, Institute of Innovation Research, Hitotsubashi University
2013 Adjunct Professor, Institute of Innovation Research, Hitotsubashi University
2011 Director General, JETRO Geneva (~July 2013)2008 Professor, Institute of Innovation Research, Hitotsubashi University(~March 2011)
2006~ Consulting Fellow, Research Institute of Economy, Trade and Industry (RIETI)2006 Director, Conformity Assessment Division, Industry Science and Technology
Policy and Environment Bureau, Ministry of Economy, Trade and Industy (METI)(~2008)
2004 National Institute of Advanced Industrial Science and Technology (~2005)
2000 Delegation of Japan to the OECD (~2004)
1995 Assistant Professor, University of Tsukuba (~1997)
1994 Visiting Scholar, University of New Mexico (~1995)
1989 Science and Technology Agency (~1990)
1985 Ministry of International Trade and Industry (MITI)■ Research Achievements
1. Publications
1.1. Book(In Japanese)
Eto, Manabu and Harumi Iwai, The Secret of Innovation in Switzerland: Learning fromthe World’s Most Competitive Economy, Tokyo: Japan External Trade Organization(JETRO), July 2015, 248 pages
1.2. Articles and Chapters in Books(In Japanese)
Eto, Manabu, “Should Change the Essential Patent Business: Use Patents in Cheap isMore Important Than License Fee,” Hitotsubashi Business Review, Vol. 63, No. 4,
March 2016, pp. 92-106
Eto, Manabu, “Themes: What Has Changed in EU?: Standardization Activities (Standards
and Conformity Assessment),” in Maeda, Atsuho and Ryo Koba, eds., What Impact
did the European Debt Crisis Have on European Economy?: From the Perspectiveof Industries and Companies, Chap. 2, Tokyo: Japan External Trade Organization(JETRO), February 2015, pp. 68-76
Eto, Manabu, “Swiss Innovation Power Based on Human Skill Management,”
Hitotsubashi Business Review, Vol. 62, No. 3, December 2014, pp. 6-21

23

Eto, Manabu, “Standardization Activities,” in the Japan Society of Mechanical Engineers,ed., Introduction to Law and Technology: Connecting Law and Technology for a Safeand Secure Society, Tokyo: Maruzen Publishing Co., Ltd., October 2014, pp. 100112
2. Unpublished Work2.1. Educational Material(In Japanese)“Introduction to Standardization and Practice (Educational Material for Standardization),
Industrial Science and Technology Policy and Environment Bureau, TechnicalRegulations, Standards and Conformity Assessment Unit, Editor, Single Author(Chap. 2, 3 and 8), Co-authored (Chap. 1), January 2016
2.2. Research Report(In Japanese)
Eto, Manabu, “Report on the Meetings for the Textbook on Standardization”
commissioned by METI and published by Mitsubishi Research Institute, Inc.
Contribution of Chap. 1, 2 and 4, March 2015
3. Conference Papers, Presentations
Eto, Manabu, “The Secret of Innovation in Switzerland,” presented at the NUS-IIR
Workshop on Innovation 2015, coorganized by IIR, September 11, 2015, National
University of Singapore, Singapore(In Japanese)
Eto, Manabu, “Strategies for Intellectual Property and Standardization of CNF,”
presented at the 96th Annual Meeting of the Chemical Society of Japan, March 25,
2016, Kyotanabe Campus, Doshisha University
Eto, Manabu, “Trends in Research on Standardization and Change in its Subjects,”
presented at the 30th Annual Meeting of the Japan Society for Research Policy
and Innovation Management, October 11, 2015, Nishiwaseda Campus, Waseda
University, Tokyo
Eto, Manabu “Interactions of Intellectual Property Right and Standardization:
Considering SEP Issues: What Is Patent Policy?,” presented at the 12th Annual
Meeting of the Intellectual Property Association of Japan, November 29, 2014,
Tokyo University of Science
Eto, Manabu, “Second Report on the Secret of Innovation in Switzerland,” presented
at the 29th Annual Meeting of the Japan Society for Science Policy and Research
Management, October 19, 2014, Biwako-Kusatsu Campus, Ritsumeikan University24Masaru Karube■ Education
1998
1995
1993

Doctor of Commerce, Hitotsubashi University
Master of Commerce, Hitotsubashi University
B.A. (Commerce), Hitotsubashi University■ Professional Positions
2006

Fulbright Visiting Scholar, Bryn Mawr College / The Wharton School of the
University of Pennsylvania (~2007)
2002~ Associate Professor, Institute of Innovation Research, Hitotsubashi University
1998 Lecturer, Faculty of Business Administration, Tokyo Keizai University■ Research Achievements
1. Publications
1.1. Articles and Chapters in Books(In Japanese)
Nobeoka, Kentaro and Masaru Karube, “Difficulties in Creating Value at Japanese Firms
Due to Managerial Complexity,” in Fujimoto, Takahiro, Jyunjiro Shintaku and Yaichi
Aoshima, eds., Uncovering the Real Potential of Japanese Manufacturing, Tokyo:
Toyo Keizai, February 2015, pp. 156-179
Karube, Masaru, “Strategic Orientation and Strategic Planning Process in the Business
Units among Japanese Firms,” Hitotsubashi Business Review, Vol. 62, No. 1, June
2014, pp. 38-57
2. Conference Papers, Presentations
Golsorkhi, Damon, Israel Drori and Masaru Karube, “Making Utopias Real: Social
Innovation, Movements and Change,” presented at the 32nd EGOS Colloquium, July
7-9, 2016, Naples, Italy
Fujiwara, Masatoshi, Masato Sasaki, Yuki Tsuboyama, Tsuyoshi Numagami, Toshihiko
Kato and Masaru Karube, “The Profit Impact of Strategic Orientation and Middle
Management Influence,” presented at the International Conference on Organizationand Management (ICOM) 2015, November 23, 2015, Abu Dhabi, UAE
Karube, Masaru, Hironori Fukukawa and Israel Drori, “Post-Merger Integration: Who
Owns Interorganizational Relationships? – Post-Merging Integration through Client
Sharing between Accounting Firms,” presented at the NUS-IIR Workshop on
Innovation 2015, September 11, 2015, National University of Singapore, Singapore
Karube, Masaru, Hironori Fukukawa and Israel Drori, “Who Owns Client-Professional
Relationships-the Merging Firm or the Merged Firm?: Post-Merger Integration
through Client Sharing between Audit Firms,” presented at the Society for the
Advancement of Socio-Economics (SASE), July 3, 2015, the London School of
Economics & Political Science, UK

25

Karube, Masaru, “Overcoming the Tension between International and Domestic
Pressures: Responses of Audit Firms in Japan,” presented at the 3rd Bi-annual
Conference of the Israeli Association for Japanese Studies (IAJS), May 12, 2015, Tel
Aviv University, Israel
Karube, Masaru, Israel Drori and Hironori Fukukawa, “Institutional Logics and Merger
Strategies: Historical Account of the Japanese Audit Industry,” presented at the 30th
EGOS (European Group of Organizational Studies) Annual Colloquium, July 3,
2014, Rotterdam School of Management, Erasmus University, the Netherlands
Karube, Masaru, Israel Drori and Hironori Fukukawa, “Institutional Logics and Merger
Strategies: Historical Account of the Japanese Audit Industry,” presented at the
3rd European Theory Development Workshop,” June 27, 2014, VU University
Amsterdam, the Netherlands

26

Taiju Kitano■ Education
2011
2004
2002

Ph.D. (Economics), Graduate School of Economics, The University of Tokyo
M.A., Graduate School of Economics, The University of Tokyo
B.A., Department of Economics, Sophia University■ Professional Positions
2016~ Associate Professor, Graduate School of International Management, Aoyama
Gakuin University
2013 Adjunct Associate Professor, Institute of Innovation Research,
Hitotsubashi University
2009 Assistant Professor, National Graduate Institute for Policy Studies
2009 Lecturer, National Graduate Institute for Policy Studies■ Research Achievements
1. Unpublished Work1.1. Working Paper(In Japanese)
Kitano, Taiju, “Economic Analyses of Automobile Market: Demand for DifferentiatedProducts and the Policy Evaluation in Oligopolistic Competition Markets,” the Japan
Research Center for Transport Policy Series A-606, July 2014
1.2. Research Report(In Japanese)
Kitano, Taiju, “Econometric Analyses of Environmental Policies: Quantitative Evaluationof Tax Reduction and Subsidy in Automobile Market,” Reports for the Study Groupon Efficient Policy Tools, Ministry of Finance, Policy Research Institute, August
2014, pp. 141-156
2. Conference Papers, Presentations
Kitano, Taiju, “Disguised Protectionism? Environmental Policy in Japanese Car Market,”presented at ETSG 2015 Paris 7th Annual Conference, September 12, 2015,
University of Paris 1, France(In Japanese)
Kitano, Taiju, “Tax Incentives for Green Cars: Evaluation at a Car Variant Level,”presented at Urban Economics Workshop, the University of Tokyo, January 8, 2016,
Tokyo
Kitano, Taiju, “Disguised Protectionism? Environmental Policy in Japanese Car Market,”presented at Research Seminar in Institute of Economic and Social Research,
December 9, 2015, Asia University, Tokyo

27

Kitano, Taiju, “Tax Incentives for Green Cars: Evaluation at a Car Variant Level,”presented at Economic Theory and Policy Workshop, Aoyama Gakuin University,
November 21, 2015, Tokyo
Kitano, Taiju, “Tax Incentives for Green Cars: Evaluation at a Car Variant Level,”presented at Workshop for Globalization and Japanese Economy, October 6, 2015,
Prefectural University of Kumamoto
Kitano, Taiju, “Demand Estimation Based on Discrete Choice Models,” Faculty of
Economics, Osaka University, August 20, 2015 (Special Lecture)
Kitano, Taiju, “Tax Incentives for Green Cars: Evaluation at a Car Variant Level,” RIETI,July 21, 2015, Tokyo
Kitano, Taiju, “Tax Incentives for Fuel Efficient Cars: Evaluation at a Car Variant Level,”
Faculty of Economics, Sophia University, May 29, 201528

Joel Malen■ Education
2013
2006
1999

Ph.D. (Business Administration), University of Minnesota-Carlson School ofManagement
M.A. (International Relations), Johns Hopkins University
B.A. (Economics), University of Rochester■ Professional Positions
2013~ Assistant Professor, Institute of Innovation Research, Hitotsubashi University
2006 Business and Policy Research Associate, Itochu International Inc., Washington,
DC (~2008)■ Research Achievements
1. Publications
1.1. Articles and Chapters in Books
Malen, Joel, “Motivating and Enabling Firm Innovation Effort: Integrating Penrosianand Behavioral Theory Perspectives on Slack Resources,” Hitotsubashi Journal ofCommerce and Management, Vol. 49, No. 1, October 2015, pp. 37-54
2. Conference Papers, Presentations
Malen, Joel, “Environmental Regulation and MNE Expansion: The Moderating Role ofPollution Reduction Capabilities and Firm Multinationality on International Location
Choice,” presented at the AIB (Academy of International Business) 2016 Annual
Meeting, 28 June, 2016, New Orleans, USA (Finalist for 2016 AIB Best Young
Scholar Award)
Malen, Joel, “Environmental Regulation and MNE Expansion: The Moderating Role ofPollution Reduction Capabilities and Firm Multinationality on International Location
Choice,” presented at the Group for Research on Organizations and the Natural
Environment 2016 Research Conference, May 26, 2016, Hamburg, Germany
Malen, Joel, “Environmental Regulation and MNE Expansion: The Moderating Role ofPollution Reduction Capabilities and Firm Multinationality on International Location
Choice,” presented at the Alliance for Research on Corporate Sustainability 2016
Conference, May 19, 2016, Boulder, USA
Malen, Joel, “How Do National Corporate Governance Institutions Affect Slack-Based
Innovation Effort in Firms,” presented at the AIB (Academy of International
Business) 2015 Annual Meeting, 29 June, 2015, Bengaluru, India (Finalist for 2015
AIB Best Paper Award)
Malen, Joel, “Organizational Slack, National Corporate Governance Institutions andFirm Innovation Efforts around the World,” presented at Waseda University
Organizational and Financial Economics Seminar, June 22, 2015, Tokyo, Japan

29

Malen, Joel, “Putting the Brakes on Environmental Technology Breakthroughs? Firm
R&D Strategies for the Development of Environmental Technologies,” presented
at the 2015 Sustainability, Ethics and Entrepreneurship Conference, May 1, 2015,
Denver, USA
Malen, Joel, “Country- and Firm-Level Determinants of Legal Internationalization by
Emerging-Market Firms,” presented at the Mitsubishi UFJ Foundation International
Conference, August 30, 2014, Kanagawa
Malen, Joel, “Organizational Slack, National Corporate Governance Institutions and Firm
Innovation Efforts around the World,” presented at the Academy of Management
Annual Meeting, August 5, 2014, Philadelphia, USA
Malen, Joel, “Organizational Slack, National Corporate Governance Institutions and Firm
Innovation Efforts around the World,” presented at the Society for Advancement of
Socio-Economics Annual Conference, July 10, 2014, Chicago, USA

30

Sadao Nagaoka■ Education
1990
1980
1975

Ph.D. (Economics), Massachusetts Institute of Technology
M.S. (Management), Massachusetts Institute of Technology
B.E. (Engineering), The University of Tokyo■ Professional Positions
2015~ Professor, Faculty of Economics, Tokyo Keizai University
2004 Director, Institute of Innovation Research, Hitotsubashi University (~2008)
1997 Professor, Institute of Innovation Research, Hitotsubashi University (~2015)
1996 Professor, Institute of Business Research, Hitotsubashi University
1992 Professor, Faculty of Economics, Seikei University
1990 Director of the Office for Russia and Eastern Europe, the Ministry of International
Trade and Industry of Japan
1986 Economist, the World Bank (~1990)
1975 The Ministry of International Trade and Industry of Japan (~1992)■ Research Achievements
1. Publications
1.1. Articles and Chapters in Books
Yamauchi, Isamu and Sadao Nagaoka, “An Economic Analysis of Deferred Examination
System: Evidence from a Policy Reform in Japan,” International Journal ofIndustrial Organization, Vol. 39, March 2015, pp. 19-28 (refereed)
Tsukada, Naotoshi and Sadao Nagaoka, “Determinants of International Research
Collaboration: Evidence from International Co-inventions in Asia and Major OECDCountries,” Asian Economic Policy Review, Vol. 10, Issue 1, January 2015, pp.
96-119 (refereed)
Igami, Masatsura, Sadao Nagaoka and John Walsh, “Contribution of Postdoctoral Fellows
to Fast-moving and Competitive Scientific Research,” Journal of Technology
Transfer, published online: August 27, 2014 (refereed)

2. Unpublished Work2.1. Working Papers(In Japanese)
Honjo, Yuji and Sadao Nagaoka, “Initial Public Offering and Financing of Biotechnology
Start-ups: Evidence from Japan,” IIR Working Paper WP#15-20, September 2015
Nagaoka, Sadao, Junichi Nishimura and Koichi Genda, “Clinical Research and Science:
Findings from a Project-level Survey on Pharmaceutical Innovations and Their
Economic Impacts in Japan (part II),” IIR Working Paper WP#15-17, August 201531

Nagaoka, Sadao, Junichi Nishimura and Koichi Genda, “Drug Discovery and Science:
Findings from a Project-level Survey on Pharmaceutical Innovations and Their
Economic Impacts in Japan (part I),” IIR Working Paper WP#15-16, August 2015
Okada, Yoshimi and Sadao Nagaoka, “Effects of Early Patent Disclosure on Knowledge
Dissemination: Evidence from the Pre-grant Publication System Introduced in the
United States,” IIR Working Paper WP#15-12, July 2015
Nagaoka, Sadao and Yasushi Hara, “A Case Study on Discovery and ClinicalDevelopment of a Break-through Drug in Japan: Compactin (JST-N-CASE05),” IIR
Working Paper WP#15-08, March 2015
Hara, Yasushi and Sadao Nagaoka, “A Case Study on Discovery and ClinicalDevelopment of a Break-through Drug in Japan: Mevalotin (JST-N-CASE06),” IIR
Working Paper WP#15-06, March 2015
Honjo, Yuji, Sadao Nagaoka, Kenta Nakamura and Yumi Shimizu, “IPO and Fund raising
by Bio Startups in Japan,” IIR Working Paper WP#15-01, January 2015
Hara, Yasushi, Yoshiyuki Ohsugi and Sadao Nagaoka, “A Case Study on Discovery
and Clinical Development of a Break-through Drug in Japan: Actemra (JST-NCASE01),” IIR Working Paper WP#14-07, October 2014
Nagaoka, Sadao and Hideo Owan, “Incentive Design for Inventors: Theory and Empirical
Evidence,” RIETI (Research Institute of Economy, Trade and Industry) Discussion
Paper 14-J-044, September 2014
Nagaoka, Sadao and Isamu Yamauchi, “Scientific Sources of Corporate Inventions inJapan: Evidence from an Inventor Survey,” RIETI Discussion Paper 14-J-038,
August 2014
Yamauchi, Isamu and Sadao Nagaoka, “An Economic Analysis of Deferred Examination
System: Evidence from Policy Reforms in Japan,” IIR Working Paper WP#14-05,
June 2014

2.2. Research Reports(In Japanese)
A Project Report on the Research on “Science Sources of Innovation and its Economic
Effects” funded by Research Institute of Science and Technology for Society, Japan
Science and Technology Agency
http://www.ristex.jp/examin/stipolicy/pdf/20141215_04.pdf
3. Conference Papers, Presentations
Nagaoka, Sadao, “Use of Grace Period and its Impact on Knowledge Flow: Evidence
from Japan,” presented at the Workshop on the Disclosure Function of the Patent
System, organized by IIR, March 7, 2015, Tokyo

32

Nishimura, Junichi and Sadao Nagaoka, “Private and Social Performance of Science
Intensive Drugs: Evidence from New Drugs Launched in Japan,” presented at the
5th Asia Pacific Innovation Conference, November 28, 2014, Sydney, Australia
Nagaoka Sadao,“Grace Period: Experience in Japan,” presented at the Workshop on
the Economic Effects of Introducing a Grace Period in Europe, European Patent
Office, November 26, 2014, Munich, Germany
Nagaoka, Sadao and Yoichiro Nishimura, “Use of Grace Period and its Impact on
Knowledge Flow: Evidence from Japan,” the IP Statistics for Decision Makers,organized by OECD and Japan Patent Office, November 18, 2014, Tokyo(Keynote speech)
Okada, Yoshimi and Sadao Nagaoka, “Effect of Early Patent Disclosure on Knowledge
Dissemination: Evidence from the Impact of Introducing Pre-Grant Publication
System in the United States,” presented at the IP Statistics for Decision Makers,organized by OECD and Japan Patent Office, November 18, 2014, Tokyo
Nagaoka Sadao and Yoichiro Nishimura, “Complementarity, Fragmentation, and the
Effects of Patent Thickets,” presented at the European Economic Association,
August 25-29, 2014, Toulouse, France
Nagaoka, Sadao and Kenta Nakamura, “Early Clarification of Patent Rights andInnovation: Evidence from Post-grant Opposition System in Japan,” presented at
the International Workshop on Patent System Design for Innovation, organized by
IIR, August 1, 2014, Tokyo
Nagaoka, Sadao, “Challenges for Japanese Innovation System,” Korean Society on
Economics and Management of Technology, June 26 & 27, 2014, Jeju Island,
Korea (Keynote speech)(In Japanese)
Nagaoka Sadao, “Science Sources of Innovation: Initial Findings from a JST Project,”presented at IIR Forum, February 19, 2015, Hitotsubashi University
Nagaoka Sadao, “Patent Value as Assessed from Inventor Survey,” presented
at INFOPRO 2014, hosted by Japan Science and Technology Agency andInformation Science and Technology Association, Japan (INFOSTA), December 5,
2014, Tokyo

33

Makoto Nirei■ Education
2002
1996
1994

Ph.D. (Economics), University of Chicago
M.A. (Economics), The University of Tokyo
B.A. (Economics), The University of Tokyo■ Professional Positions
2015~ Chief Economist, Policy Research Institute, Ministry of Finance2008 Associate Professor, Institute of Innovation Research, Hitotsubashi University(~March 2015)
2006 Assistant Professor, Department of Economics, Carleton University (~2008)
2004 Assistant Professor, Department of Economics, Utah State University (~2006)
2001 Postdoctoral Fellow, Santa Fe Institute (~2004)■ Research Achievements
1. Publications
1.1. Articles and Chapters in Books
Nirei, Makoto, Julián Caballero, and Vladyslav Sushko, “Bank Capital Shock
Propagation via Syndicated Interconnectedness,” Computational Economics,
DOI:10.1007/s10614-015-9493-8, January 2015

2. Unpublished Work2.1. Working Papers
Nirei, Makoto and Shuhei Aoki, “Pareto Distribution of Income in Neoclassical Growth
Models,” SSRN (Social Science Research Network) Working Paper, March 2015
(published in Review of Economic Dynamics, 20:25-42, 2016)
Aoki, Shuhei and Makoto Nirei, “Zipf ’s Law, Pareto’s Law, and the Evolution of
Top Incomes in the U.S.,” SSRN Working Paper, February 2015 (forthcoming in
American Economic Journal: Macroeconomics)
Nirei, Makoto, Sanjib Sarker and Kazufumi Yamana, “Time-Varying Employment Risks,
Consumption Composition, and Fiscal Policy,” SSRN Working Paper, January 2015
(published in Economics Bulletin, 36(2):802-812, 2016)
Nirei, Makoto and Tsutomu Watanabe, “Beauty Contests and Fat Tails in Financial
Markets,” SSRN Working Paper, June 2014
Carvalho, Vasco M, Makoto Nirei and Yukiko Saito, “Supply Chain Disruptions:
Evidence from the Great East Japan Earthquake,” RIETI Discussion Paper 14-E-035,
June 201434

3. Conference Papers, Presentations
Guiso, Luigi, Chaoqun Lai, and Makoto Nirei, “Detecting Propagation Effects by
Observing Aggregate Distributions: The Case of Lumpy Investments,” March 28,
2015, Seoul, Korea (forthcoming in Japanese Economic Review entitled as “AnEmpirical Study of Interaction-based Aggregate Investment Fluctuations”)
Nirei, Makoto, “Structural Linkage between Academic Fields and Industrial
Classification: Analysis of Non-Patent Citations,” the 5th Asia Pacific Innovation
Conference, November 29, 2014, Sydney, Australia
Nirei, Makoto and Shuhei Aoki, “Pareto Distribution of Income in Neoclassical Growth
Models,” Macroeconomics Workshop, November 20, 2014, the University of Tokyo
Yamana, Kazufumi, Makoto Nirei and Sanjib Sarker, “A General Equilibrium Analysisof the Consumption Response to Active Labor Market Policy,” the Autumn Meetingof the Japanese Economic Association, October 11, 2014, Fukuoka (poster session,presented by Yamana)
Nirei, Makoto, Julian Caballero and Vladyslav Sushko, “Bank Capital Shock Propagation
via Syndicated Interconnectedness,” Systemic Risk and Financial Regulation
Conference, organized by the Banque de France, the ACPR, and the Society for
Financial Econometrics, July 3, 2014, Paris, France35

Toshihiro Nishiguchi■ Education
1990
1981
1977

D.Phil. (Sociology), University of Oxford
M.Sc., Imperial College, University of London
B.A., Waseda University■ Professional Positions
2016 Fall
Academic Visitor, Nissan Institute of Japanese Studies, the University of Oxford
2016~ Adjunct Professor, Institute of Innovation Research, Hitotsubashi University
2016
2012

Professor Emeritus, Hitotsubashi University
Fulbright Visiting Scholar, the Massachusetts Institute of Technology, the Sloan
School of Management (~2013)

2008~ Senior Research Fellow, Policy Research Institute, Ministry of Finance2007 Part-time Director, Defense Procurement Structure Improvement Foundation(~2012)
2004 Fall; 2005 Summer
Visiting Scholar, Center for International Studies, the Massachusetts Institute ofTechnology
2002 Summer; 2003 Summer
Visiting Senior Research Scholar, School of Public Affairs, Center for Public
Policy and Private Enterprise, the University of Maryland
2001 Summer
Academic Visitor, The Judge Institute of Management, the University ofCambridge
1997 Professor, Institute of Innovation Research, Hitotsubashi University
1994 Associate Professor, Institute of Business Research, Hitotsubashi University
1991 Assistant Professor, The Wharton School, the University of Pennsylvania
1990 Post-Doctoral Fellow, INSEAD (European Institute of Business Administration)
1986 Research Fellow, International Motor Vehicle Program, the Massachusetts
Institute of Technology (~1989)■ Research Achievements
1. Publications
1.1. Books(In Japanese)
Nishiguchi, Toshihiro and Motoko Tsujita, Community Capital: The Prosperity and
Limits of China’s Wenzhou Entrepreneurial Networks, Tokyo: Yuhikaku, July 2016,438 pages
1.2. Articles and Chapters in Books(In Japanese)
Nishiguchi, Toshihiro and Motoko Tsujita, “Exploring the Secrets of Transnational
Startups: Border-crossing Strategies of China’s Wenzhou Entrepreneurs Drawing
on Community Capital,” in Kanamitsu, Jyun, ed., Social Capital and Management,
Tokyo: Minervashobo, Chap. 5, forthcoming

36

Nishiguchi, Toshihiro and Motoko Tsujita, “Can the Wenzhou Model That Has Led
Spontaneous Capitalism in China Outgrow Itself?: The Prosperity and Limits of
Wenzhou Firms’ Community Capital,” Hitotsubashi Business Review, Vol. 63, No. 3,
December 2015, pp. 18-33
1.3. Others(In Japanese)
Nishiguchi, Toshihiro, “The Processes and Performances of New Chinese Expatriots’Community Formation in North America with Particular Reference to theWenzhounese Community,” in the Univers Foundation ed., Research Report on the
Exploration of Affluent Great Age Societies, No. 22, July 2014, pp. 1-10
Nishiguchi, Toshihiro, “Community Capital,” Sekai Keizai Hyoron IMPACT (World
Economic Review IMPACT), July 14, 2014, www/sekaikeizai.or.jp/active/
article/140714nishiguchi_toshi.html(Book Review)
Nishiguchi, Toshihiro, “From My Bookshelf: The Earthly Bible / Tocqueville, Alexisde, De la Democratie en Amerique,” Hitotsubashi Business Review, Vol. 63, No. 2,
September 2015, p. 89

2. Unpublished Work2.1. Working Papers(In Japanese)
Nishiguchi, Toshihiro and Motoko Tsujita, “The Changing Networks of the Wenzhou
Apparel Industry: Descriptive Features and Cluster Analysis,” IIR Working Paper
WP#16-02, March 2016
Nishiguchi, Toshihiro and Motoko Tsujita, “Exploring the Secrets of Transnational
Startups: Border-crossing Strategies of China’s Wenzhou Entrepreneurs Drawing on
Community Capital,” IIR Working Paper WP#15-05, January 2015

3.Conference Papers, Presentations
Nishiguchi, Toshihiro, “Community Capital and Commensurate Trust: The Prosperityand Limits of China’s Wenzhou Entrepreneurial Networks,” presented at JAFEE(Japan Association for Evolutionary Economics) International Conference on Socioeconomic Systems with ICT and Networks, March 26, 2016, the University of Tokyo(In Japanese)
Nishiguchi, Toshihiro, “A Final Report: Problems of Social Network Research,”presented at IIR Forum, 23 March, 2016, Kunitachi Campus, Hitotsubashi
University

37

Nishiguchi, Toshihiro, “Commensurate Trust: The Exclusionary Community Normsof China’s Wenzhou Entrepreneurial Networks,” presented at the 2016 Annual
Conference of the Japanese Academic Association for Organizational Science, 5
December, 2015, Toyonaka Campus, Osaka University, Osaka
Nishiguchi, Toshihiro, “Community Capital and Commensurate Trust: A Driving Force ofChina’s Wenzhou Entrepreneurial Networks,” presented at a Research Presentations
Session of the 2015 Annual Meeting of the Japan Academy of International BusinessStudies (JAIBS), October 25, 2015, Kinuta Campus, Nihon University, Tokyo
Nishiguchi, Toshihiro, “Community Capital and Commensurate Trust: The Prosperity and
Limits of China’s Wenzhou Entrepreneurial Networks,” the 20th Autumn Conferenceof the Japan Association for Evolutionary Economics, September 20, 2015, theUniversity of Tokyo (Invited Keynote Speech)
Nishiguchi, Toshihiro, “Community Capital: The Prosperity and Limits of China’s
Wenzhou Entrepreneurial Networks,” presented at a Research Presentations Sessionof the 2015 Annual Meeting of the Academic Association for Organizational
Science, June 21, 2015, Kunitachi Campus, Hitotsubashi University
Nishiguchi, Toshihiro, “The Structure of Prosperity Seen from Community Capital and
Network Models: A Road to Success of China’s Wenzhou Entrepreneurs,” presented
at the 106th Lecture on Economics and Current Events, organized by the Japan
Industrial Management and Accounting Institute Foundation, August 5, 2014, Tokyo

38

Kentaro Nobeoka■ Education
2001
1993
1988
1981

Ph.D. (Business Administration), Kobe University
Ph.D. (Business Administration), Sloan School of Management, Massachusetts
Institute of Technology
M.B.A., Sloan School of Management, Massachusetts Institute of Technology
B.S. (Engineering), Osaka University■ Professional Positions
2012~ Director, Institute of Innovation Research, Hitotsubashi University
2008~ Professor, Institute of Innovation Research, Hitotsubashi University
1999 Professor, Research Institute for Economics & Business Administration, Kobe
University (~2008)
1994 Associate Professor, Research Institute for Economics & Business Administration,
Kobe University (~1999)
1981 Mazda Motor Corporation (~1989)■ Research Achievements
1. Publications
1.1. Articles and Chapters in Books(In Japanese)
Nobeoka, Kentaro, “Importance of Intangible Customer Value,” in the Council for
the Promotion of Innovation with KANSEI, ed., FY2015 KANSEI Innovation
Guidebook, Hiroshima: Chugoku Regional Research Center, forthcoming.
Nobeoka, Kentaro, “Engineering and Value Creation,” IE Review, the Japan Institute ofIndustrial Engineering, Vol. 57, No. 2, May 2016, pp. 6-11
Nobeoka, Kentaro and Megumi Kimura, “Business Case / Matsuda: Matsuda Design ‘Car
as ART’,” Hitotsubashi Business Review, Vol. 63, No. 4, March 2016, pp. 130-148
Nobeoka, Kentaro, Megumi Kimura and Atsushi Osanai, “Creation of Design Value:
toward Integration of Design and Engineering,” Hitotsubashi Business Review, Vol.
62, No. 4, March 2015, pp. 6-21
Nobeoka, Kentaro and Masaru Karube, “Difficulties in Creating Value at Japanese Firms
Due to Managerial Complexity,” in Fujimoto, Takahiro, Jyunjiro Shintaku and Yaichi
Aoshima, eds., Uncovering the Real Potential of Japanese Manufacturing, Tokyo:
Toyo Keizai, February 2015, Chap. 6, pp. 156-179
1.2. Others(In Japanese)
Nobeoka, Kentaro, “Importance of Value Creation Management,” Diamond Management
Forum, Winter 2016, pp. 28-31, forthcoming

39

Nobeoka, Kentaro, “Domestic Jetliner, High Potential, Building Manufacturing
Infrastructure,” Imawoyomitoku (Interpreting Current Issues), Nihon Keizai
Shimbun, February 14, 2016, p. 21
Nobeoka, Kentaro,“Special Interview: Innovation Revitalizes Japan,” Financial forum,
Kyoto Sogo Keizai Kenkyujo, No. 109, August 2015, pp. 2-7
Nobeoka, Kentaro, “Technology Management of Value Creation~ Management ofIntangible Customer Value and Accumulated Knowledge Technologies,” PMAJ
Journal, Project Management Association of Japan (PMAJ), No. 52, April 2015, pp.
76-82
Nobeoka, Kentaro, “How to Create Value that Customers Truly Appreciate: Creation of‘Intangible Customer Value’ beyond Product Functions,” Gekkan Business Summit,
Vol. 29, No. 9, March 2015, pp. 14-15
Nobeoka, Kentaro, “Design for Firm Performance,” Imawoyomitoku (Interpreting
Current Issues), Nihon Keizai Shimbun, December 14, 2014, p. 21
Nobeoka, Kentaro, “‘Technology Management of Value Creation’ which Japanese Firms
Must Master,” Journal of the Textile Machinery Society of Japan, Vol. 67, No. 11,
November 2014, pp. 649-654
Nobeoka, Kentaro, “Inimitable Technology Management Capabilities for Value
Creation,” Risk Management Today, Association of Risk Management Japan, Vol.
87, November 2014, pp. 14-15
Nobeoka, Kentaro, “Hit Seminar: Emotional Value for Subaru Fans,” Nikkei MJ, August
4, 2014
Nobeoka, Kentaro, “Conditions for Innovation (2) Emphasis on ‘Customer Value’ Rather
than Market,” Keizai Kyoshitsu (Economics Classroom), Nihon Keizai Shimbun,
May 2, 2014, p. 27

2. Conference Papers, Presentations
Nobeoka, Kentaro, “New Challenges for Innovation Management at Japanese
Manufacturing Firms,” ETM Seminar, Division of Engineering & Technology
Management, National University of Singapore, September 12, 2015, Singapore(Keynote Speech)(In Japanese)
Nobeoka, Kentaro, “Management of Value Creation: Intangible Customer Value and CoreTechnologies,” the 68th Annual Conference of the Textile Machinery Society ofJapan, June 5, 2016, Osaka (Special Lecture)
Nobeoka, Kentaro, “The Way to Utilize Japanese Manufacturing Capabilities: Innovation
for Differentiation and Customer Value Creation,” presented at the 38th Kyushu IE
Annual Meeting, organized by Kyushu IE Association, February 5, 2015, Fukuoka(Keynote Speech)40

Nobeoka, Kentaro, “Necessity of Management of Value Creation,” Hitotsubashi
University 5th Chubu Academia Symposium “Issues in Japanese-style Management:
What Are People in Manufacturing Lacking?,” November 15, 2014, Aichi (Keynote
Speech)Nobeoka, Kentaro, “Theory of Value Creation Management: Strategies for Japanese
Manufacturing Firms,” Japan Society for Research Policy and Innovation
Management, Concurrent Session: International Issues, April 16, 2014, Tokyo
Institute of Technology (Invited Speech)

41

Atsushi Ohyama■ Education
2008
2002
1999
1997

Ph.D. (Economics), State University of New York at Buffalo
M.A. (Economics), University of Chicago
M.A. (Economics), Graduate School of Economics, Keio University
B.A., Department of Commerce, Yokohama City University■ Professional Positions
2015
2010
2009
2008

Associate Professor, Institute of Innovation Research, Hitotsubashi University
Associate Professor, Graduate School of Economics and Business Administration,
Hokkaido University
Lecturer, School of Management, University of Illinois at Urbana-Champaign
Post-doctorate Researcher, IGB, University of Illinois at Urbana-Champaign■ Research Achievements
1. Publications
1.1. Articles and Chapters in Books
Ohyama, Atsushi, “Entrepreneurship and Job Relatedness of Human Capital,”
Economica, Vol. 38, No. 328, December 2015, pp. 740-768 (refereed)
Braguinsky, Serguey, Atsushi Ohyama, Tetsuji Okazaki and Chad Syverson,“Acquisitions, Productivity, and Profitability: Evidence from the Japanese Cotton
Spinning Industry,” American Economic Review, Vol. 105, No. 7, July 2015, pp.
2086-2119 (refereed)
2. Unpublished Work2.1. Working Paper
Ohyama, Atsushi, “Measuring the Effects of Demand and Supply Factors on Service
Sector Productivity,” RIETI Discussion Paper Series, 15-E-042, April 2015
3. Conference Papers, Presentations(In Japanese)
Ohyama, Atsushi, “Acquisitions, Productivity, and Profitability: Evidence from theJapanese Cotton Spinning Industry,” presented at the Research Seminar for
Regulation and Competition, June 18, 2015, Osaka
Ohyama, Atsushi, “Acquisitions, Productivity, and Profitability: Evidence from theJapanese Cotton Spinning Industry,” presented at the Hitotsubashi University ICS
Workshop, May 28, 2015, Chiyoda Campus, Hitotsubashi University

42

Ohyama, Atsushi, “Acquisitions, Productivity, and Profitability: Evidence from theJapanese Cotton Spinning Industry,” presented at IIR Forum, coorganized byHitotsubashi University Industry and Labor Workshop, April 28, 2015, Kunitachi
Campus, Hitotsubashi University, Tokyo

43

Yoshimi Okada■ Education
1993
1991

M.S. (Physics), The University of Tokyo
B.S. (Physics) , The University of Tokyo■ Professional Positions
2014~ Professor, Institute of Innovation Research, Hitotsubashi University
2013 Director of the Optical Control Subdivision, the Japan Patent Office2009 Administrative Judge, Appeals Department, the Japan Patent Office2007 Secretariat of Intellectual Property Strategy Headquarters, Cabinet Secretariat(engaged in revising the Intellectual Property Strategic Program)2003 Administrative Affairs Division, the Japan Patent Office (engaged in planning“Patent Prosecution Highway” framework)
2001 Technology Research Division, the Japan Patent Office(engaged in IP policy planning)
1999 International Affairs Division, Japan Patent Office(engaged in cooperation project among Japan, Europe and United States)
1997 Patent Examiner (Liquid Crystal, LED, Laser Optical Fiber, Camera etc.)
Visiting Scholar, University of California, Santa Cruz
1993 The Japan Patent Office, Ministry of International Trade and Industry (MITI)■ Research Achievements
1. Publications
1.1. Articles and Chapters in Books(In Japanese)
Okada, Yoshimi, Sadao Nagaoka and Yusuke Naito, “Evaluation of Patents Obtained by
Japanese Patentee in ‘The Lost Two Decades’,” Hitotsubashi Business Review, Vol.
63, No. 4, March 2016, pp. 72-91
Okada, Yoshimi, “Supreme Court’s Ruling on the Interpretation and Allowability of
Product-by-process Claims,” Tokkyo Kenkyu (Patent Studies), National Center for
Industrial Property Information and Training, No. 60, September 2015, pp. 43-65

2. Unpublished Work2.1. Working Papers
Okada, Yoshimi and Sadao Nagaoka, “Global Spread of Pharmaceutical PatentProtections: Micro Evidence from the International Equivalents of the Drug Patents
in Japan,” IIR Working Paper WP#16-07, July 2016
Okada, Yoshimi, Yusuke Naito and Sadao Nagaoka, “Claim Length as a Value Predictorof a Patent,” IIR Working Paper WP#16-04, April 2016

44

44

Okada, Yoshimi and Sadao Nagaoka, “Effects of Early Patent Disclosure on Knowledge
Dissemination: Evidence from the Pre-grant Publication System Introduced in the
United States,” IIR Working Paper WP#15-12, July 2015
2.2. Research Report(In Japanese)
Okada, Yoshimi, Sadao Nagaoka and Naotoshi Tsukada, “Impact of IPR Policy Changeon the Firms in Life Science Area,” Investigation Report on the Role of Japan’sIntellectual Property System in Economy, Institute of Intellectual Property, Chap. 3,
March 2016

3. Conference Papers, Presentations
Okada, Yoshimi, Yusuke Naito and Sadao Nagaoka, “Contribution of Patent Examination
to Making the Patent Scope Consistent with the Invention: Evidence from Japan,”presented at the 11th Annual Conference of the EPIP Association 2016, September
3-5, 2016, Oxford, U.K.
Okada, Yoshimi, Yusuke Naito and Sadao Nagaoka, “Contribution of Patent Examination
to Making the Patent Scope Consistent with the Invention: Evidence from Japan,”presented at the 43rd EARIE Conference, August 26-28, 2016, Lisbon, Portugal
Okada, Yoshimi, Yusuke Naito and Sadao Nagaoka, “Contribution of Patent Examination
to Making the Patent Scope Consistent with the Invention: Evidence from Japan,”presented at the 2016 Asian Meeting of the Econometric Society (AMES2016),
August 11-13, 2016, Kyoto, Japan
Okada, Yoshimi, Yusuke Naito and Sadao Nagaoka, “Claim Length as a Value Predictor
and as an Outcome Measure of Patent Examination,” presented at the 6th AsiaPacific Innovation Conference, November 20, 2015, Zhejiang University, China
Okada, Yoshimi, Yusuke Naito and Sadao Nagaoka, “Claim Length as a Value Predictor
and as an Outcome Measure of Patent Examination,” presented at the IP Statistics
for Decision Makers 2015 Conference, organized by European Patent Office andOECD, November 4, 2015, Vienna, Austria
Okada, Yoshimi and Sadao Nagaoka, “Effects of Early Patent Disclosure on Knowledge
Dissemination: Evidence from the Impacts of Introducing Pre-Grant Publication
System in the United States,” presented at the 10th Annual Conference of theEPIP (European Policy for Intellectual Property) Association, September 2, 2015,
Glasgow, U.K.
Okada, Yoshimi and Sadao Nagaoka, “Effects of Early Patent Disclosure on Knowledge
Dissemination: Evidence from the Impacts of Introducing Pre-Grant Publication
System in the United States,” presented at the 42nd EARIE (European Association
for Research in Industrial Economics) Annual Conference, August 30, 2015,
Munich, Germany

45

Okada, Yoshimi, “Effects of Early Patent Disclosure on Knowledge: Evidence from the
Impact of Introducing Pre-grant Publication System in the United States,” presented
at the Workshop on the Disclosure Function of the Patent System, organized by IIR,
March 7, 2015, Tokyo
Okada, Yoshimi, “Effect of Early Patent Disclosure on Knowledge Dissemination:
Evidence from the Impact of Introducing Pre-Grant Publication System in the UnitedStates,” presented at the 5th Asia Pacific Innovation Conference, November 29,
2014, Sydney, Australia
Okada, Yoshimi and Sadao Nagaoka, “Effect of Early Patent Disclosure on Knowledge
Dissemination: Evidence from the Impact of Introducing Pre-Grant Publication
System in the United States,” presented at the IP Statistics for Decision Makers,organized by OECD and Japan Patent Office, November 18, 2014, Tokyo
Okada, Yoshimi, “Effect of Early Patent Disclosure on Knowledge Dissemination:
Evidence from the Impact of Introducing Pre-Grant Publication System in the UnitedStates,” presented at the Workshop on Knowledge, IPRs and Innovation, organizedby IIR, November 16, 2014, Tokyo
Okada, Yoshimi, “Effect of Early Patent Disclosure on Knowledge Dissemination:
Evidence from the Impact of Introducing Pre-Grant Publication System in the
United States,” presented at the International Workshop on Patent System Design for
Innovation, organized by IIR, August 1, 2014, Tokyo(In Japanese)
Okada, Yoshimi, Yusuke Naito and Sadao Nagaoka, “Contribution of Patent Examination
to Making the Patent Scope Consistent with the Invention: Evidence from Japan,”presented at the 2016 Spring Meeting of the Japanese Economic Association, June18, 2016, Nagoya University
Okada, Yoshimi, Sadao Nagaoka and Yusuke Naito, “Claim Length as a Value Predictorof Patents,” presented at the 13th Annual Meeting of the Intellectual Property Right
Association of Japan, December 5, 2015, the University of Tokyo
Okada, Yoshimi and Sadao Nagaoka, “Effects of Early Patent Disclosure on Knowledge
Dissemination: Evidence from the Impact of Introducing Pre-Grant Publication
System in the United States,” presented at the 2015 Spring Meeting of the Japanese
Economic Association, May 23, 2015, Niigata University
Okada, Yoshimi, “Effect of Early Patent Disclosure on Knowledge Dissemination:
Evidence from the Impact of Introducing Pre-Grant Publication System in the UnitedStates,” presented at the 12th Annual Meeting of the Intellectual Property Right
Association of Japan, November 30, 2014, Tokyo University of Science46

Hiroshi Shimizu■ Education
2007
2002
1999
1997

Ph.D. (Economic History), London School of Economics and Political Science,
University of London
M.A. (History), Northwestern University
M.A. (Commerce), Hitotsubashi University
B.A. (Commerce), Chuo University■ Professional Positions
2011~ Associate Professor, Institute of Innovation Research, Hitotsubashi University
2008
2007

Assistant Professor, Institute of Innovation Research, Hitotsubashi University
Postdoctoral Fellow, Department of Technology Management, Eindhoven
University of Technology■ Research Achievements
1. Publications
1.1. Books(In Japanese)
Shimizu, Hiroshi, Innovations in General Purpose Technology, Tokyo: Yuhikaku, March
2016, 380 pages
Yonekura, Seiichiro and Hiroshi Shimizu, eds., Open Innovation Management:
Challenges for Japanese Firms, Tokyo: Yuhikaku, March 2015, 326 pages
1.2. Articles and Chapters in Books
Murayama, Kota, Makoto Nirei and Hiroshi Shimizu, “Management of Science,
Serendipity, and Research Performance: Evidence from a Survey of Scientists
in Japan and the U.S.,” Research Policy, Vol. 44, No. 4, May 2015, pp. 862-873(refereed)(In Japanese)
Shimizu, Hiroshi, “The ‘New’ New Value Creation Strategy: Thinking of Open
Innovation (1)-(5),” Hitotsubashi Business Review, Vol. 63, No. 1-Vol. 64, No. 1,
June 2015-June 2016
Yamaguchi, Shotaro and Hiroshi Shimizu, “Business Case / Olympus: Gastro and Fiber
Scope Development,” Hitotsubashi Business Review, Vol. 63, No. 2, September
2015, pp. 100-113
Shimizu, Hiroshi and Akihiko Suwa, “Open Innovation Does Not Work for JapaneseFirms?,” in Yonekura, Seiichiro and Hiroshi Shimizu, eds., Open Innovation
Management: Challenges for Japanese Firms, Tokyo: Yuhikaku, March 2015, Chap.
2, pp. 35-54
Shimizu, Hiroshi, “Knowledge Management in Open Innovation: How to Manage
Different Players?” ibid., Chap. 5, pp. 111-138

47

Shimizu, Hiroshi, Tatsuya Hoshino, Hiroyuki Nakai and Marie Murakami, “Open
Innovation beyond R&D,” ibid., Chap. 10, pp. 257-277
Shimizu, Hiroshi, “Business Case / Ajinomoto’s Aminoindex: Collaboration and New
Entry in Health Risk Analysis Services,” Hitotsubashi Business Review, Vol. 62, No.
3, December 2014, pp. 144-158
Shimizu, Hiroshi, “Why Have Those Who Were Not the Favorite Succeeded?: Lessons
from the Blue LEDs,” Hitotsubashi Business Review, Vol. 62, No. 3, December
2014. pp. 94-99
Miura, Sayako and Hiroshi Shimizu, “Business Case / Panasonic: How to Grow a
Cash Cow: Monolithic Dual Wavelength High Power Laser Diode of Panasonic,”
Hitotsubashi Business Review, Vol. 62, No. 2, September 2014, pp. 130-144
1.3. Others(In Japanese)
Shimizu, Hiroshi, “Yasashii Keizaigaku Column: Innovation: Chap. 1: New Value
Creation (1)-(10),” Nihon Keizai Shimbun, January 21-February 3, 2016,
Shimizu, Hiroshi, “Open Innovation and Japanese Firms Challenge,” Kagaku Kogyo(Chemical Industry), Kagaku Kogyo Sha, Vol. 66, No. 2, February 2015, pp. 151156
2. Unpublished Work2.1. Working Paper
Shimizu, Hiroshi and Yusuke Hoshino, “Collaboration and Innovation Speed: Evidence
from a Prize Data-Set, 1955-2010,” IIR Working Paper WP#15-04, January 2015
Hori, Keisuke, Yusuke Hoshino and Hiroshi Shimizu, “Vectran: Development of HighFunctionality Fiber and its Applications at Kuraray Co., Ltd.,” IIR Working Paper
WP#14-06, October 2014
3. Conference Papers, Presentations
Hori, Keisuke, Hiroshi Shimizu and Yusuke Hoshino, “Which Would You Prefer,
Artisanal or Laboratory Made?: How Quantification Came into the Sake Brewery
Industry,” presented at the 6th Asia-Pacific Innovation Conference, November 20,
2015, Zhejiang University, China
Hoshino, Yusuke and Hiroshi Shimizu, “Ownership Structure and Technology Transfer:
Multiple Cases of Super Fibers,” presented at the 5th Asia Pacific Innovation
Conference, November 28, 2014, University of Technology, Sydney, Australia

48

Seiichiro Yonekura■ Education
1990
1981
1979
1977

Ph.D. (History), Harvard Graduate School of Arts and Sciences
M.A. (Japanese Business History), Graduate School of Social Sciences,
Hitotsubashi University
B.A. (Japanese Economic History), Faculty of Economics, Hitotsubashi
University
B.A. (Japanese History), Faculty of Social Sciences, Hitotsubashi University■ Professional Positions
2015~ Academic Advisor, Center for Japanese Studies, University of Pretoria (South
Africa)2012 Academic Director, Center for Japanese Studies, Gordon Institute of Business
Science, University of Pretoria (South Africa, ~March 2015)
2008 Director, Institute of Innovation Research, Hitotsubashi University(~March 2012)2004 Spring
Visiting Professor, Institute du Management Bouygues, HEC (France)
2003 Co-president, Institute of Strategy, Sony Corporation (~2004)
2003 Spring
Visiting Professor, Institute du Management Bouygues, HEC (France)
2001 Fall
J.A. Valentine Visiting Professor, Department of Marketing, University of Otago(New Zealand)
1999 Director, Institute of Innovation Research, Hitotsubashi University (~2001)
1997~ Professor, Institute of Innovation Research, Hitotsubashi University
1995 Professor, Institute of Business Research, Hitotsubashi University
1992 Core Faculty of Global Leadership Program at the University of Michigan(An Executive Program for Action Learning) (~1995)
1988 Associate Professor, Institute of Business Research, Hitotsubashi University
1984 Assistant Professor, Institute of Business Research, Hitotsubashi University
1982 Senior Research Assistant, Institute of Business Research, Hitotsubashi University■ Research Achievements
1. Publications
1.1. Books(In Japanese)
Yonekura, Seiichiro, Nimaime no Meishi, Tokyo: Kodansha, May 2015, 192 pages
Yonekura, Seiichiro and Hiroshi Shimizu, eds., Open Innovation Management:
Challenges for Japanese Firms, Tokyo: Yuhikaku, March 2015, 326 pages
1.2. Articles and Chapters in Books
Yonekura, Seiichiro, “The Samurai Company: Double Creative Response in Meiji Japan:
The Case of Onoda Cement,” Hitotsubashi Journal of Commerce and Management,
Vol. 49, No.1, Oct. 2015, pp. 1-23

49

Yonekura, Seiichiro, “What Is Essential Is Invisible to the Eye: Industrial Policy as a
Dynamic Interaction Process between Government and Firms ― A Case of theProvisional Act for Promotion of Machinery Industry,” Asian Research Policy, Vol.
6, Issue 1, July 2015, pp. 1-27 (refereed)(In Japanese)
Yonekura, Seiichiro, “Why Africa Now?: The Last Frontier, but the One Japan Is Going
to Face for the First Time,” Hitotsubashi Business Review, Vol. 63, No. 1, June 2015,
pp. 6-18
Yonekura, Seiichiro and Yusuke Hoshino, “What Is Open Innovation?” in Yonekura,Seiichiro and Hiroshi Shimizu, eds., Open Innovation Management: Challenges forJapanese Firms, Tokyo: Yuhikaku, March 2015, pp. 1-34
Yonekura, Seiichiro, “For the Sake of Customers and Innovation,” ibid., Epilogue, pp.
279-293
Yonekura, Seiichiro, “Entrepreneurship in Business Community: Banjo Otsuka and the
Postwar Japanese Management Perspective,” in Miyamoto, Matao, Tadao Kagono
and Kigyoka Foramu, eds., Kigyōkagaku no Susume (Studies in Entrepreneurship:
Theories and Cases), Tokyo: Yuhikaku, July 2014, pp. 304-325
1.3. Others(In Japanese)
Yonekura, Seiichiro, “Lecture: The Continuous Challenge for Innovation and CultivatingCore Human Resources” in Ishii, Junzo, et al., eds., Executive CHO no Chosen,
Nikkei Business Publications, Inc., March 2016. pp. 50-63
Yonekura, Seiichiro, “Managerial Revolution: Entrepreneurs as Innovation
Implementers,” Trends in the Sciences, Japan Science Support Foundation,
November 2015, pp. 66-69
Yonekura, Seiichiro, “Biodiversity and the Role of Economics,” Green Age, Japan
Greenery Research and Development Center, Septeber 2014 Issue, pp. 4-7
Yonekura, Seiichiro, “Izumo, Mitsuru,” Britannica International Yearbook 2014, April
2014, pp. 58-59
Yonekura, Seiichiro, “Elon Musk,” ibid., April 2014, pp. 82-83(Book Review)“Review of Juroh Hashimoto, Sengo Nihon Keizai no Seichou Kouzou: Kigyō System to
Sangyō Seisaku no Bunseki (The Structure of Postwar Japan’s Economic Growth:
An Analysis of Enterprise Systems and Industrial Policy),” in Takeda, Haruhito, ed.,Micro-Performance During Postwar Japan’s High-Growth Era, Springer: Singapore,
August 2016, pp. 153-156
Woo, Jongwon and Rengo-RIALS, eds., For Reconstructing the Japanese Kaizen Powerof the Workplaces: From the Viewpoint of Voice and Efficiency / Japan BusinessHistory Review, Vol. 50, No. 3, December 2015, pp. 52-54

50

2. Conference Papers, Presentations
Yonekura, Seiichiro, “The Hungarian and the Japanese Economic Operations andPerformance,” Hungarian Economic Society’s Student Organization, the Budapest
University of Technology and Economics, April 5th, 2016, Budapest (Invited
Speech)Yonekura, Seiichiro, “Innovation for the Post-nuclear Society,” presented at the 1st AsianInnovation Forum, August 26, 2015, Seoul, Korea
Yonekura, Seiichiro, “Digital Education Can Change the World,” the 1st International
Conference on Digital Education, September 3, 2015, Dhaka University, Dhaka,Bangladesh (Keynote Speech)
Yonekura, Seiichiro, “International Business History,” the 29th Annual Research Meetingof the Japanese Orthopaedic Association, October 9th, 2014, Kagoshima (Invited
Speech)51

II. Researchers

2. International Visiting Researchers ̶ Apr. 2014~ Apr. 2016
Dumisani Magadlela
Programme Manager, Pan African Capacity Building Programme,
Development Bank of Southern Africa (DBSA)
January 29, 2016 - April 28, 2016

Michele Ruiters
Regional Integration Specialist, Knowledge Management and Innovation, Strategy
Division, Development Bank of Southern Africa
October 1, 2014 - January 16, 2015

Ilir Haxhi
Assistant Professor, Amsterdam Business School, University of Amsterdam
April 15, 2014 - September 30, 201452

III. Education

53

III. Education

1. Courses Given by the IIR Faculty Members ̶ Apr. 2014 ~ Mar. 2016
Fiscal Year
2014

2015

Advanced Innovation Management
Innovation, Strategy and Organization
Advanced Corporate Stragegy
Interorganizational Relations
Innovation, Policy and Institution
Economic Analysis of Innovation
Special Lecture: International Comparison of Innovation 1

KarubeNobeoka

KarubeSpecial Lecture: International Comparison of Innovation 2

Yonekura

Graduate School of Commerce and Management
Masterʼs and Doctoral Program[Courses provided by the Innovation kozas]

Nishiguchi
Eto/Okada
Nagaoka
Malen/Haxhi

Nobeoka
Nishiguchi
Eto/Okada
OhyamaYonekura[Courses provided by the Business Economics kozas]

Advanced Industrial Economics
Institutional Environment of Innovation

Nirei
Malen

MBA Program

Business Economics
Entrepreneurship
Corporate Organization
Technology Strategy
Strategic Analysis
Seminar: Readings in Business Classics B
Workshop/Research Workshop: Management B (Industry and Labor)
Workshop: Management D (Corporation and Industry)
Workshop: Innovation

Nagaoka
Yonekura
Aoshima
Nobeoka
KarubeShimizu
Nagaoka

OhyamaYonekura
Aoshima
Nobeoka
KarubeShimizu
Nobeoka/Aoshima Nobeoka

Hitotsubashi Senior Executive Program (HSEP)

Aoshima/Nobeoka Aoshima/Nobeoka
Hitotsubashi Financial Leadership Program (HFLP)

Aoshima
Undergraduate Program in the Faculty of Commerce and Management

Innovation Management
Interactive Course on Business Basics (Management)
Special Topics in Commerce and Management 1
Proseminar (Intensive Readings)
Undergraduate Introductory Seminar I
Undergraduate Introductory Seminar II

54

Yonekura/
Nishiguchi/Okada
Malen
Malen
Nirei/Shimizu

Yonekura/
Nishiguchi/Okada
Malen
Malen
Nishiguchi/
OhyamaKarube/Nirei/
Shimizu
Aoshima/Karube/
Nirei/Nishiguchi/
Yonekura

Nishiguchi
Aoshima/Yonekura

Graduate School of Economics
Masterʼs and Doctoral Program

Workshop/Research Workshop: Industry and Labor

Nagaoka*Note: * indicates a joint lecture with other faculty member(s) than those in the IIR.

55

III. Education

2. Innovation Management and Policy Program̶ Apr. 2014 ~ Mar. 2016
1. Overview
The Innovation Management and Policy Program (IMPP) is a doctorate-level certificate
program training researchers to work in the management of innovation at private organizations orin the design of science and technology policy within public institutions. Students will study
management and economic theories while developing skills for applying social science researchmethods. Based on this learning they will develop original academic research papers on topics
related to innovation management or policy. By integrating education and research, the programaims to develop professionals capable of strengthening systems and knowledge supporting
innovation in Japan and around the world.
This program is supported by the Ministry of Education, Culture, Sports, Science andTechnology (MEXT) “Science for RE-designing Science, Technology and Innovation Policy”
Human Resource Development program (Cultivating Academic field hubs).
2. Students
IMPP students consist of doctoral students at Hitotsubashi University, doctoral students at otheruniversities, and students holding a Master’s degree (or equivalent) currently working in private
industry or the public sector. Classes are held primarily on Wednesday evenings and Saturdays.
To complete the program students must take Innovation Research Seminar I & II, threemandatory courses and two elective courses. In addition, two academic papers must be
submitted.

3. Results
Academic Year 2014: 12 Current Students
FY 2013
Practitioner-Students
Hitotsubashi University 4（2）FY 201453（１）FY 20155
3Doctoral Students* numbers in parentheses indicate students of Graduate School of Commerce and Management

4. Main Events of Academic Year 2015
August 21st-

SciREX Summer Camp 2015

August 23rd
September 11th-

Venue: Meitetsu Inuyama Hotel
NUS-IIR Workshop on Innovation

September 13th
February 19th

Venue: National University of Singapore (see I-3: Conferences, etc.)
SciREX International Symposium “Industry-University Collaboration Policies
for Promoting Innovation ”
Venue: Hilton Fukuoka Sea Hawk

56

5. Main Events of Academic Year 2014
August 31st-

SciREX Summer Camp 2014

September 2nd
October 2nd

Venue: Awaji Yumebutai International Conference Center, Hyogo Prefecture
SciREX International Symposium “Entrepreneurship and Innovation Policy”

January 30th

Venue: Hitotsubashi Auditorium Assembly Hall (see I-3: Conferences, etc.)
Sight Visits at Kitakyushu Smart Community, etc.

February 27th

5 instructors and 3 students
International Symposium “The Innovative Power of Small but Strong Nations”
Venue: Hitotsubashi Auditorium Assembly Hall (see I-3: Conferences, etc.)

6. Courses
Required Courses:
1. Methodologies for Innovation Research; Summer term, 2 credits
Kentaro Nobeoka, Sadao Nagaoka, Yaichi Aoshima, Hiroshi Shimizu, Taiju Kitano, Manabu Eto andYoshimi Okada (FY 2014)
Yaichi Aoshima, Manabu Eto, Yoshimi Okada and Taiju Kitano (FY 2015)
This course provides students with instruction in applying a range of methods relevant to conducting researchin the field of innovation studies.
2. Management, Economics and Policy for Innovation; Summer term, 2 credits
Yaichi Aoshima, Seiichiro Yonekura, Masaru Karube, Taiju Kitano, Kentaro Nobeoka and Manabu Eto (FY 2014)
Yaichi Aoshima, Manabu Eto, Yoshimi Okada and Taiju Kitano (FY 2015)
This provides a comprehensive approach to understanding dimensions of social science underlying science,technology and innovation system, with particular focus on mechanisms supporting science, technology andinnovation processes and their effectiveness.
3. Advanced Science Technology and Innovation; Winter term, 2 credits
Yaichi Aoshima and Yoshimi Okada (FY 2014)
Yachi Aoshima and Atsushi Ohyama (FY 2015)
This course is an omnibus class based on interactions among leading engineers, scientists, and social science
researchers. It has four modules: semiconductors, energy, optics, and IT.

57

4. Innovation Research Seminar I; Summer term, 2 credits
Yaichi Aoshima, Sadao Nagaoka, Kentaro Nobeoka, Makoto Nirei, Manabu Eto and Taiju Kitano (FY2014)
Yaichi Aoshima, Atsushi Ohyama, Manabu Eto and Taiju Kitano (FY 2015)
The aim of this course is to promote the development of skills for writing journal papers, making academicpresentation and improving the overall quality of student research.
5. Innovation Research Seminar II; Winter term, 2 credits
Toshihiro Nishiguchi, Hiroshi Shimizu, Masaru Karube, Seiichiro Yonekura, Joel B. Malen and Yoshimi
Okada (FY 2014)
Yaichi Aoshima, Atsushi Ohyama, Manabu Eto and Taiju Kitano (FY 2015)
The aim of this course is to promote the development of skills for writing journal papers, making academicpresentation and improving the overall quality of student research.

Elective Courses:
Electives are offered jointly with the Graduate School of Commerce and Management (Researcher Training
Program)
1. Economic Analysis of Innovation; Summer term, 2 credits
Sadao Nagaoka (FY 2014)
Atsushi Ohyama (FY 2015)
2. Innovation Management; Winter term, 2 credits
Masaru Karube (FY 2014 & 2015)
3. Innovation, Policies and Systems; Winter term, 2 credits
Manabu Eto and Yoshimi Okada (FY 2014 & 2015)
Kentaro Nobeoka, Sadao Nagaoka, Yaichi Aoshima, Hiroshi Shimizu, Taiju Kitano, Manabu Eto andYoshimi Okada (FY 2014)
Yaichi Aoshima, Manabu Eto, Yoshimi Okada and Taiju Kitano (FY 2015)
This course provides students with instruction in applying a range of methods relevant to conducting researchin the field of innovation studies.
2. Management, Economics and Policy for Innovation; Summer term, 2 credits
Yaichi Aoshima, Seiichiro Yonekura, Masaru Karube, Taiju Kitano, Kentaro Nobeoka and Manabu Eto (FY2014)
Yaichi Aoshima, Manabu Eto, Yoshimi Okada and Taiju Kitano (FY 2015)
This provides a comprehensive approach to understanding dimensions of social science underlying science,technology and innovation system, with particular focus on mechanisms supporting science, technology andinnovation processes and their effectiveness.

58

IV. Research Results / Publications

59

IV. Research Results / Publications

1. Hitotsubashi Business Review ̶ Apr. 2014 ~ Mar. 2016
To publish the findings of its research activities, the IIR issues a quarterly journal, called the Hitotsubashi
Business Review (in Japanese). The rationale in editing the journal is to promote the theoretical andempirical study of innovation in a social and economic context. The editorial board comprises professors
from several universities and company advisors, as well as IIR professors.

■ Contents

Title of Special Issues
Vol.63 No.4

“Intellectual Property Strategies to Rise above Adversities”

Vol.63 No.3

“The Destruction and Creation of the Chinese Model”

Vol.63 No.2

“Strength and Risk of Family Business”

Vol.63 No.1

“ʻLast Frontierʼ AFRICA: What Do We Lean from There?”Vol.62 No.4

“Design Engineering: It Is Not the Alternative of ʻFunction or Designʼ”Vol.62 No.3

“Innovation Power of Small Strong Countries: Why Japan Lose?”

Vol.62 No.2

“Startups and IPO: Why Do Japanese Startups Stall after IPO?”

Vol.62 No.1

“The Business Unit Strategy and Organization among Japanese Firms”

Featured Papers
IssueVol. / No.

Mar.
2016

Vol.63
No.4

Title

Author(s)“Open Innovation and Intellectual Property
Management”

Shigemi Yoneyama / Toshiya Watanabe / Isamu
Yamauchi (Professor, Faculty of Economics,
Gakushuin University; Professor, ResearchCenter for Advanced Science and Technology,
The University of Tokyo / Fellow, ResearchInstitute of Economy, Trade and Industry)“Japanese Electronics Paradox as a Result of
Misunderstood ʻPro-patentʼ”

Makoto Ogino(Professor, Graduate School of Innovation
Studies, Tokyo University of Science)“The Empirical Study on Creating and Profiting Yasuo Tsuchiya (Professor, Graduate School of
Administration, J. F. Oberlin Univerof Intellectual Properties: From the Case Study of Businesssity )
Innovative Small and Medium-sized Enterprises”

60“Patent-induced New Combinations of Knowledge and Resources: From Case Studies ofPath-breaking Drugs”

Yasushi Hara / Sadao Nagaoka / Naoki
Takada / Hideo Kawabe / Yoshiyuki Ohsugi(Professional Staff, GRIPS / Professor, Faculty of Economics, Tokyo Keizai University /Hitotsubashi University, Graduate School ofCommerse and Management, IMPP / Patent
Attorney, Manufacturing Technology Association of Biologics / Chairman & CEO, Ohsugi
BioPharma Consulting Co., Ltd.)“Evaluation of Patents Obtained by Japanese
Patentee in ʻThe Lost Two Decadesʼ”

Yoshimi Okada / Sadao Nagaoka / Yusuke
Naito (Professor, IIR / Professor, Facultyof Economics, Tokyo Keizai University /Industry-academia-government Collaboration
Researcher IIR)

Should Change the Essential Patent Business:
Use Patents in Cheap is More Important thanLicense Fee

Manabu Eto (Professor, IIR)

Featured Papers (continued)
Issue

Vol. / No.

Dec.
2015

Vol.63
No.3

Title

Author(s)“Lights and Shadows of Chinese Macroeconomy”

Osamu Tanaka(Fellow, Japan-China Organizatin for Business,
Academia & Government Partnership)“Can the Wenzhou Model That Has Led Spontaneous Capitalism in China Outgrow Itself?: The
Prosperity and Limits of Wenzhou Firms’ Community Capital”

Toshihiro Nishiguchi / Motoko Tsujita(Professor, IIR / Professor, Faculty of Economics, Department of Economics, Ryukoku
University)

Yaichi Aoshima / Wang Wen“Effective Mobilization of Scarce Resource
IIR / Ph.D. student, Graduate
through Social Networks: Exploring Mechanisms (Professor,
School of Commerce and Management, Hitothat Accelerated the Growth of the Chinese PV
tsubashi University)
Industry”“Alibaba: The Road towards a Multi-platform
Empire”

Jiang Hong / Liu Xiangli / Huang Yanghua /He Jun(Chinese Academy of Social Sciences)“Growth of China Companies and Reverse Inno- Xu Hangming (Japanese Major Electronics
Company)
vation 2.0”

Sep.
2015

Jun.
2015

Vol.63
No.2

Vol.63
No.1“Conceptualization and Local Adaptation ofStrategy”

Masatoshi Fujiwara(Associate Professor, Graduate School ofCommerce and Management, Hitotsubashi
University)“On Theories of Family Business: Yesterday,
Today, and Tomorrow”

Akihiro Okumura (Professor, School of Management and Information, Graduate School ofManagement and Information of Innovation,
University of Shizuoka)“Family Business Research in Japan”

Shigeru Asaba(Professor, Waseda Business School)“Family Business in Post War Japan: Empirical
Evidence from Publicly Traded Firms from
1962-2000 [IPO Year]”

Wiwattanakantang Yupana / Shim Jungwook(Associate Professor, NUS Business
School, National University of Singapore /Associate Professor, Faculty of Economics,
Kyoto Sangyo University)“Importance of Growth Stages and Governancein the Family Business”

Hirokazu Hasegawa / Takashi Yoneda(Professor, Waseda Business School / Visiting
Professor, Waseda Business School)“Strength and Issues of Japanese Family Businesses: Family Charter and Family Office as aPowerful Solution”

Makoto Ohsawa(CEO of FEMO)

Learn from the Wisdom of the World’s Oldest
Business Firm Kongo-gumi: Prerequisites forLongevity from the Aspect of Traditional Industrial Business System

Hidekazu Sone
(Assistant Professor, Faculty of Cultural
Policy and Management, Shizuoka University of Art and Culture)“Why Africa Now?: The Last Frontier, but the
One Japan Is Going to Face for the First Time”

Seiichiro Yonekura (Professor, IIR)

“Japan’s Shifting Geopolitical and Geo-Econo- Martyn Davis / Kira McDonald
Frontier Advisory / Analyst, Frontier
mic Relations in Africa: A View from Japan Inc.” (CEO,Advisory)61

Featured Papers (continued)
Issue

Vol. / No.

Jun.
2015

Vol.63
No.1

Title

Author(s)“New Markets, New Mindsets: Building Business Tashmia Ismail(Lecturer, GIBS, University of Pretoria)
in the African Base”“Project Finance in Post-conflict and Fragile Situ- Michele Ruiters / Thierry Giordano(Africa Researcher, Development Bank ofations: What Role For DFIs?”
Southern Africa / Economist, the International
Center for Agronomic Research and Development)“Japanese Companies Expanding into Africa”
Mar.
2015

Vol.62
No.4

Kanako Sakai(President, JCCP M Co., Ltd.)“Creation of Design Value: Toward Integration of Kentaro Nobeoka / Megumi Kimura / Atsushi
Osanai
Design and Engineering”(Professor, IIR / Adjunct Assistant Professor,“The Age of Design Engineering”

IIR / Associate Professor, Waseda Business
School)Shunji Yamanaka(Professor, Institute of Industrial Science, theUniversity of Tokyo)“Practice of Design Engineering”

Kinya Tagawa (Director, Design Engineer,
takram design engineering / Visiting Professor at Innovation Design Engineering, Royal
College of Art))“Multinational Comparisons of Designer’s Role Yuichi Washida
Professor, Graduate School of
in Business Process: US-Japan-China Comparison (AssociateCommerce and Management, Hitotsubashi
Survey Result”
University)“Creating Excellent Industrial Designs by Multi- Atsushi Akiike / Tohru Yoshioka (Kobayashi)Student, Graduate School of Econodisciplinary Engineers and Industrial Designers: (Ph.D.
mics, The University of Tokyo / Ph. D. student,
An Empirical Study on Japanese Digital Camera School of Engineering, The University of
Manufacturers”
Tokyo)“Design Knowledge to Lead Engineering toward Yukari Nagai(Professor, School of Knowledge Science,
Human Feelings”
Japan Advanced Institute of Science andTechnology)

Dec.
2014

Vol.62
No.3“Swiss Innovation Power Based on Human Skill Manabu Eto(Professor, IIR)Management”“Institutional Sources of Innovation in Singapore: Chihiro Watanabe (Visiting Professor, National
University of Singapore, University of JyväsSimilarity and Disparity with Finland”
kylä, Emeritus Professor, Tokyo Institute ofTechnology)“Danish Strategic Participatory Design Approach Mika Yasuoka(Service Design Project Leader, IT University
for Innovation and Creativity: Nordic Culture,of Copenhagen)Social Structure and Strategic Methodology for
its High Producing”“Food Valley in the Netherlands: Food Cluster of Munehiko Itoh / Kimitaka Nishitani / Yoichi
Matsumoto / Salena Watanabea Little Agripower”(Professor / Associate Professor / Associate
Professor / Special Appointment Associate
Professor, Research Institute for Economics
and Business Administration, Kobe Univ.)“The Two Aspects of Israel: The Innovation State Isamu Nakashima (Chief Researcher, Middle
East Institute of Japan)
in Conflicts”

62Featured Papers (continued)
Issue

Vol. / No.

Dec.
2014

Vol.62
No.3

Sep.
2014

Vol.62
No.2

Title

Author(s)“Why Have Those Who Were Not the Favorite
Succeeded?: Lessons from the Blue LEDs”

Hiroshi Shimizu(Associate Professor, IIR)“Is Optimal Capital Structure ‘Optimal’?”Tomonori Ito(Professor, Graduate School of International
Corporate Strategy, Hitotsubashi University)“Co-creating and Synthesizing Strategic Narrative”

Ikujiro Nonaka / Ayano Hirose(Emeritus Professor, Hitotsubashi University /Adjunct Assistant Professor, Graduate Schoolof International Corporate Strategy, Hitotsubashi University)“Growth Dynamics of Firms after the IPO”

Kenji Kutsuna (Professor, Graduate School ofBusiness Administration, Kobe University)“New Venture Valuation”

Kazuhiko Yamamoto / Ryo Okubo(President, Cief Executive Partner of Classic Capital Corporation / Director, Partner ofClassic Capital Corporation)“The Impact of Managerial Ownership on Firm
Value in High Growth Firms: An Empirical
Analysis Focusing on Founder-CEOs”

Yuki Watanabe(Pro-manager of the Finance Department,
SMBC Venture Capital)“IPO Market in Japan: Current Situation and
TSE’s Actions”

Akira Kiyota (President & CEO of Tokyo
Stock Exchange, Inc., Director of Japan
Exchange Group, Inc.)“Japan’s New Venture Business Policy: Programs Yoshiaki Ishii (Consulting Fellow
Director, New Business Policy Office, Ecofor Fostering Entrepreneurship and Venture
nomic and Industrial Policy Bureau, Ministry
Ecosystem”
of Economy, Trade and Industry (METI))

Jun.
2014

Vol.62
No.1“Search for Corporate Venture Capital, Innovation, and Firm Value”

Mikiharu Noma (Associate Professor, ICS,
Hitotsubashi University)“Illusion of Organic Organization”

Tsuyoshi Numagami (Professor, Graduate
School of Commerce and Management, Hitotsubashi University)“Overview of Questionnaire Survey on Business Toshihiko Kato (Professor, Graduate Schoolof Commerce and Management, Hitotsubashi
Unit in Japanese Firms”
University)“Strategic Orientation and Strategic Planning
Process in the Business Units among JapaneseFirms”

Masaru Karube (Associate Professor, IIR)

“Leadership and Middle Management Involvement in Strategy”

Masato Sasaki (Associate Professor, Graduate School of Commerce and Management,
Hitotsubashi University)“Towards the Evidence-based Model of Knowledge-creating Theory”

Ikujiro Nonaka / Noboru Konno / Ayano
Hirose(Professor Emeritus, Hitotsubashi University/ President of KIRO Inc. / Adjunct AssistantProfessor, ICS, Hitotsubashi University)

63

Business Cases
Issue

Vol./No.

Mar.
2016

Vol.63
No.4

Title
Mazda: Mazda Design: Car as Art

Author(s)Kentaro Nobeoka / Megumi Kimura(Professor, IIR / Adjunct Assistant Professor,
IIR)

Ricoh Imaging: A Case on Brand Communication Yukihiko Kubota / Mitsutoshi Otake(Professor, School of Business, Departmentof Premium Compact Camera “GR”
of Marketing, Aoyama Gakuin University /Associate Professor, Faculty of Economics
Department of Business Administration,
Meiji Gakuin University)

Dec.
2015

Sep.
2015

Jun.
2015

Mar.
2015

Dec.
2014

Vol.63
No.3

Vol.63
No.2

Vol.63
No.1

Vol.62
No.4

Vol.62
No.3

Morpho: Decade-long History of Image Processing Technology Venture from University ofTokyo

Genjiro Kosaka (Associate Professor, Facultyof Economics, Sophia University)
Kosaka Seminar, Sophia University

Ryohin Keikaku: Penetrating the Vision of a
Simple, Pleasant Life in China

Kazumi Nishino(Associate Professor, Graduate School of
Innovation Studies, Tokyo University of
Science)

OLYMPUS: Gastro and Fiber Scope Development

Shotaro Yamaguchi / Hiroshi Shimizu(Graduate School of Commerce andManagement, Hitotsubashi University /Associate Professor, IIR)

JIN Co., Ltd

Hisanaga Amikura / Takuya Miwa
(Professor, Department of Management,
Faculty of Economics, Sophia University /Student, Department of Management, Facultyof Economics, Sophia University)

Enigmo Inc.

Noriko Taji / Junji Fukuda(Professor, Graduate School of Business
Administration, Hosei University / Professor,
Graduate School of Business Administration,
Hosei University)

Nihon Kotsu Co., Ltd.

Emiko Tsuyuki (Professor, Chuo Graduate
School of Strategic Management, Chuo
University / Tsuyuki Seminar, Chuo University)

CASIO Computer Co. LTD.

Kunio Tanigawa / Noriko Taji
(Graduate, Hosei Business School / Professor,
Hosei Business School)

NITTO DENKO CORPORATIONKei Fujiyama (Ph.D. Student, Graduate Schoolof Commerce and Management, Hitotsubashi
University)

Ajinomoto’s Aminoindex: Collaboration and
New Entry in Health Risk Analysis Services

Hiroshi Shimizu (Associate Professor, IIR)NIPPON STEEL & SUMIKIN ENGINEERING Tomoyuki Shimanuki (Associate Professor,
Graduate School of Commerce andco., LTD.
Management, Hitotsubashi University)
Sep.
2014

Vol.62
No.2

Marketing Research Industry: The Rise of Inter- Genjiro Kosaka (Associate Professor, Faculty
Economics, Sophia University / Kosaka
net Research and Competition among Incumbent of
Seminar, Sohpia University)
Firms and New Entrants
Sayako Miura / Hiroshi Shimizu
Panasonic: How to Grow a Cash Cow: Monolithic Dual Wavelength High Power Laser Diode (Junior Associate Professor, Facultyof Business Administration, Shujitsu
of Panasonic
University / Associate Professor, IIR)

64

Business Cases (continued)
IssueVol./No.

Jun.
2014

Vol.62
No.1

Author(s)Title

Toyobo: Development of Reverse Osmosis Mem- Masatoshi Fujiwara / Yaichi Aoshima(Associate Professor, Graduate School ofbrane and its Business
Commerce and Management, Hitotsubashi
University / Professor, IIR)

KONICA MINOLTA, INC.

Salena Watanabe / Kei Kuriki(Assistant Professor, Responsible for Systematic Research and Promotion of Knowledge
Diffusion on Service Innovation / Professor,
Graduate School of Business Administration,
Kobe University)

Columns

AuthorIssue

Vol./No.

Title

Jun. 2014Mar. 2015

Vol.62 No.1Vol.62 No.4

The Management is Stranger than
the Theoretical(2)-(5)Jun. 2015Mar. 2016

Vol.63 No.1Vol.63 No.4

Hiroshi Shimizu
The “New” New Value Creation
Strategy: Thinking of Open Innova- (Associate Professor, IIR)
tion(1)-(4)Hideki Yoshihara(Professor Emeritus, Kobe University)

Leaders of MOT
Interviewee

Interviewers

IssueVol./No.

Dec.
2015

Vol.63
No.3

Michiko Ogawa(Panasonic Corporation)

Kentaro Nobeoka
Yaichi Aoshima
Manabu Eto

Sep.
2015

Vol.63
No.2

Kazuya Onomichi(General Manager, R&D Planning Dept., Ajinomoto Co., Inc.)

Kentaro Nobeoka
Yaichi Aoshima
Hiroshi Shimizu

Jun.
2015

Vol.63
No.1

Satoshi Ogiso(Corporate Adviser of ADVICS CO., LTD., Corporate Adviser of
Toyota Motor Corporation)

Kentaro Nobeoka
Yaichi Aoshima

Mar.
2015

Vol.62
No.4

Kosuke Takei(General Manager of Design Division, TOTO Ltd.)

Kentaro Nobeoka
Yuichi Washida
Megumi Kimura

Dec.
2014

Vol.62
No.3

Toshihiko Omote(Executive Vice President Board Member, Nitto Denko Corporation)

Kentaro Nobeoka
Yaichi Aoshima

Sep.
2014

Vol.62
No.2

Kazushi Kuse
(Vice President, IBM Research & Development)

Kentaro Nobeoka
Yaichi Aoshima

Jun.
2014

Vol.62
No.1

Satoru Kuriyagawa(Director & Executive Officer, Vice President, Solar Frontier
K.K.)

Kentaro Nobeoka
Yaichi Aoshima

65Serials
Title

Author(s)IssueVol./No.

Jun. 2014
Sep. 2014
Dec. 2014
Mar. 2015

Vol.62 No.1
Vol.62 No.2
Vol.62 No.3
Vol.62 No.4

Invitation to Management Science(1)-(4)

Yaichi Aoshima / Sakakibara Kiyonori(Professor, IIR / Professor, Chuo Graduate
School of Strategic Management, Chuo
University)

Jun. 2015
Sep. 2015
Dec. 2015
Mar. 2016

Vol.63 No.1
Vol.63 No.2
Vol.63 No.3
Vol.63 No.4

The Management of MUJI
(1)-(4)

Hidehiko Nishikawa(Professor, Faculty of Business Administration,
Hosei University)

Mar. 2015
Mar. 2016

Vol.62 No.4
Vol.63 No.4

Porter Prize 2014
Porter Prize 2015

Emi Osono / Seiko Yamazaki(Professor, ICS, Hitotsubashi University)

Commentaries on Key Words

66

Title

AuthorIssue

Vol./No.

Mar.
2016

Vol.63
No.4

Dialogic Organization Development

Masanori Kato
(President, Action Design)

Dec.
2015

Vol.63
No.3

Authenticity

Mitsutoshi Otake (Associate Professor,
The Faculty of Economics, Meiji Gakuin
University)

Sep.
2015

Vol.63
No.2“Razor-and-Razor-Blade” Business Model

Masatoshi Fujiwara (Associate Professor,
Graduate School of Commerce andManagement, Hitotsubashi University)

Jun.
2015

Vol.63
No.1

Organizational Forgetting as a Strategy

Min Jungwon(Assistant Professor, Fields in Management,
Department of Industrial and Business System,
Faculty of Economics, Kyushu University)

Mar.
2015

Vol.62
No.4

Workshop

Yukie Umezu(Senior Director, Japan Marketing Agency)

Dec.
2014

Vol.62
No.3

Politics

Yuki Tsuboyama(Associate Professor, Graduate School ofCommerce and Management, Hitotsubashi
University)

Sep.
2014

Vol.62
No.2

Social Networks and Strategic Management

Tsutomu Nakano(Professor, Department of International
Management, Graduate School of International
Management, Aoyama Gakuin University/
External Faculty, Center on Organizational
Innovation, Columbia University)

Jun.
2014

Vol.62
No.1

Reverse Innovation

Washida Yuichi(Associate Professor, Graduate School ofCommerce and Management, Hitotsubashi
University)

Management Forum
Issue

Vol./No.

Interviewee

Interviewer(s)

Mar.
2016

Vol.63
No.4

Katsushige Nakamura(President and CEO, Mitaka Kohki Co., Ltd.)

Yaichi Aoshima
Yoshimi Okada

Dec.
2015

Vol.63
No.3

Uichiro Niwa
(Grand Master of Japan-China Friendship Association, Former
Ambassador to China)

Seiichiro Yonekura
Masatoshi Fujiwara

Sep.
2015

Vol.63
No.2

Akira Takata(Former CEO, JAPANET HOLDINGS Co., Ltd. / CEO, A andLive)

Seiichiro Yonekura

Jun.
2015

Vol.63
No.1

Mohau Pheko(Ambassador, the Republic of South Africa to Japan)

Seiichiro Yonekura

Mar.
2015

Vol.62
No.4

Naoto Fukasawa(Product Designer)

Kentaro Nobeoka
Yuichi Washida
Megumi Kimura

Dec.
2014

Vol.62
No.3

Roger Zbinden (Counselor, Swiss Chamber of Commerce and Industry in Japan (SCCIJ), Delegate, Swiss Business Hub Japan

Seiichiro Yonekura

Sep.
2014

Vol.62
No.2

Yusuke Umeda (Co-Chief Executive Officer, UZABASE, Inc.) /Soichi Kariyazono (Managing Partner, Globis Capital Partners)

Seiichiro Yonekura

Jun.
2014

Vol.62
No.1

Sawada Hideo(Chairman, H.I.S. Co., Ltd)

Seiichiro Yonekura

Reviewed Articles
Tilte

Author(s)IssueVol./No.

Jun.
2015

Vol.63
No.1“Behavioral Characteristics of Employees Lead- Tomoki Sekiguchi
Graduate School of Economics,
ing to a High Level of Self-efficacy for Business (Professor,
Osaka University)
Creation”

Jun.
2014

Vol.62
No.1“The Effect of Transformational Leadership by
Human Resource Department”

Tomoki Sekiguchi(Professor, Graduate School of Economics,
Osaka University)67IV. Research Results / Publications

2. Working Papers ̶ Apr. 2014 ~ Mar. 2016

.

Title

Author(s)Dumisani Magadlela
WP#16-03 Mar. 2016 “‘Can You Teach a Lion to Roar?’ Selected African Skills Development and Capacity Building Perspectives: Breaking Down Old
Paradigms and Creating New Opportunities”

WP#16-02 Mar. 2016 “The Changing Networks of the Wenzhou Apparel Industry:
Descriptive Features and Cluster Analysis” (in Japanese)

Toshihiro Nishiguchi/ Motoko Tsujita

WP#16-01 Jan. 2016 “Brand Royalty and Generic Competition”

Jiangyun Wan

WP#15-22 Oct. 2015 “Economic Growth Analysis of Japan by Dynamic General Equilibrium Model with R&D Investment” (in Japanese)

Akiyuki Tonogi

WP#15-21 Sep. 2015 “The Merger Paradox and R&D”

Kaz Miyagiwa /Jiangyun Wan

WP#15-20 Sep. 2015 “Initial Public Offering and Financing of Biotechnology Start-ups: Yuji Honjo / Sadao
Nagaoka
Evidence from Japan”
WP#15-19 Aug. 2015 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Onon (JST-N-CASE07)” (in Japanese)

Kenta Nakamura

WP#15-18 Aug. 2015 “Pharmaceutical Patents and Generic Entry Competition: A New
View on the Hatch-Waxman Act”

Jiangyun Wan / Kaz
Miyagiwa

WP#15-17 Aug. 2015 “Clinical Research and Science: Findings from a Project-level
Survey on Pharmaceutical Innovations and Their Economic Impacts in Japan (part II)” (in Japanese)

Sadao Nagaoka /Junichi Nishimura /Koichi Genda

WP#15-16 Aug. 2015 “Drug Discovery and Science: Findings from a Project-level
Survey on Pharmaceutical Innovations and Their Economic Impacts in Japan (part I)” (in Japanese)

Sadao Nagaoka /Junichi Nishimura /Koichi Genda

WP#15-15 Aug. 2015 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Tarivid/Cravit (JST-N-CASE12)”(in Japanese)

Yasushi Hara / Yuji
Honjo

WP#15-14 Aug. 2015 “A Cost Benefit Analysis of AminoIndexTM Cancer Screening in Masaoki Tamura /Akira Imaizumi /Japan”

Takahiko Muramatsu/ Nobuhisa Shimba

WP#15-13 Jul. 2015 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Harnal (JST-N-CASE10)” (inJapanese)

Yasushi Hara /Hajime Oda / Akira
NagumoWP#15-12 Jul. 2015 “Effects of Early Patent Disclosure on Knowledge Dissemination: Yoshimi Okada /Evidence from the Pre-grant Publication System Introduced in the Sadao Nagaoka
United States”
WP#15-11 Jun 2015 “Monozukuri as Expression: Sense Creation for Value Creation”(in Japanese)

Megumi Kimura

WP#15-10 Mar. 2015 “Inefficiency Caused by Feed-in Tariff: An Analysis on Diffusion Yaichi Aoshima /Kenji Asanoof the Japanese Roof-top PV System” (in Japanese)
WP#15-09 Mar. 2015 “An Effect of Governmental Subsidy on Price of the Roof-top PV Kenji Asano / Yaichi
Aoshima
System” (in Japanese)
WP#15-08 Mar. 2015 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Compactin (JST-N-CASE-05)” (inJapanese)

68

Sadao Nagaoka /Yasushi Hara

IV. Research Results / Publications

.

Title

Author(s)WP#15-07 Mar. 2015 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Aricept (JST-N-CASE08)” (inJapanese)

Yasushi Hara / Hideo
Kawabe

WP#15-06 Mar. 2015 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Mevalotin (JST-N-CASE06)” (inJapanese)

Yasushi Hara / Sadao
Nagaoka

WP#15-05 Jan. 2015 “Exploring the Secrets of Transnational Startups: Border-crossing Toshihiro Nishiguchi/ Motoko Tsujita
Strategies of China’s Wenzhou Entrepreneurs Drawing on Community Capital” (in Japanese)
WP#15-04 Jan. 2015 “Collaboration and Innovation Speed: Evidence from a Prize
Data-Set, 1955-2010”

Hiroshi Shimizu /Yusuke Hoshino

WP#15-03 Jan. 2015 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Blopress (JST-N-CASE04)” (inJapanese)

Naoki Takada / Koichi Genda / Akira
NagumoWP#15-02 Jan. 2015 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Actos (JST-N-CASE03)” (in Japanese)

Naoki Takada / Koichi Genda

WP#15-01 Jan. 2015 “Initial Public Offering and Financing of Biotechnology Start-ups” Yuji Honjo /Sadao Nagaoka /(in Japanese)

Kenta Nakamura /Yumi Shimizu

WP#14-10 Dec. 2014 “Searching for the Declining Causes and Effects of Japanese
Semiconductor Industry: In View of System Architecture” (inJapanese)

Hiroyuki Chuma

WP#14-09 Dec. 2014 “Creative Industries Policies for Innovation in UK” (in Japanese)

Megumi Kimura

WP#14-08 Oct. 2014 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Leuplin (JST-N-CASE02)” (inJapanese)

Naoki Takada /Hideo Kawabe

WP#14-07 Oct. 2014 “A Case Study on Discovery and Clinical Development of a
Break-through Drug in Japan: Actemra (JST-N-CASE01)” (inJapanese)

Yasushi Hara /Yoshiyuki Ohsugi /Sadao Nagaoka

WP#14-06 Oct. 2014 “Vectran: Development of High-Functionality Fiber and its Appli- Keisuke Hori /Yusuke Hoshino /cations at Kuraray Co., Ltd.”
Hiroshi Shimizu

WP#14-05 Jun. 2014 “An Economic Analysis of Deferred Examination System: Evidence from Policy Reforms in Japan”

Isamu Yamauchi
Sadao Nagaoka

WP#14-04 Jun. 2014 “The Spillover Effects of Publicly Supported Private R&D: Analy- Kazunari Matsushima / Yaichi Aoshima
sis of NEDO Follow-up Survey Data”
WP#14-03 Jun. 2014 “Margin Rate Rule: A New Drug Pricing Policy in Japan”

Masaoki Tamura

WP#14-02 Jun. 2014 “Searching for the Root Causes of Declining Competitiveness inJapanese Semiconductor Industry: From Innovation-Design Perspectives” (in Japanese)

Hiroyuki Chuma

WP#14-01 Apr. 2014 “Advisory Organization as Advocacy Channels: An Analysis of
Public Councils and Workshops” (in Japanese)

Hajime Oda

69IV. Research Results / Publications

3. Case Studies ̶ Apr. 2014 ~ Mar. 2016
(In Japanese)

Title
CASE#14-02 Jun. 2012 “Nitto Denko Corporation: Development of Reverse Osmosis
Membrane and its Application” (in Japanese)

70

Author(s)Masatoshi Fujiwara/
Yaichi Aoshima‘The new combinations appear discontinuously, then the phenomenon
characterising development emerges.’
Joseph A. Schumpeter
The Theory of Economic Development

Institute of Innovation Research
Hitotsubashi University
2-1 Naka, Kunitachi, Tokyo 186-8603, Japan
Tel: +81-(0) 42-580-8411
Fax: +81-(0) 42-580-8410
http://www.iir.hit-u.ac.jp

59

ANNUAL REPORT2004 2005