Haruyoshi Ito

FacultyGraduate School of International Management
PositionAssociate Professor
Last Updated: Jan. 01, 2019 at 21:30

Researcher Profile & Settings

Name

    Haruyoshi Ito

Profile & Settings

    Nickname:  Haruyoshi

Affiliation

  • Graduate School of International Management Associate Professor

Education

  • Aug. 2010Aug. 2011University of Hawaii at Manoa Shidler College of Business Master of Financial Engineering
  • Aug. 2008Aug. 2012University of Hawaii at Manoa Shidler College of Business International Management (Finance)
  • Apr. 2006Mar. 2012Keio University Graduate School of Media and Governance
  • Apr. 2004Mar. 2006Keio University Graduate School of Media and Governance Finance and Real Estate
  • Apr. 2000Mar. 2004Aoyama Gakuin University School of International Politics, Economics, and Business International Business (Certificate in Finance)

Degree

  • Ph.D. in International Management(University of Hawaii)
  • Ph.D. in Media and Governance(Keio University)

Association Memberships

    THE JAPANESE ASSOCIATION OF REAL OPTIONS AND STRATEGY, American Accounting Association, Nippon Finance Association, Japanese Association for Research in Disclose, The Operations Research Society of Japan, The Japanese Society of Real Estate Financial Engineering, JAPAN SOCIETY OF MONETARY ECONOMICS, THE JAPANESE SOCIETY OF INSURANCE SCIENCE

Committee Memberships

  • Jul. 2017- TodayYukiguni Uonuma Rotary Club Secretary
  • Jun. 2017Dec. 2017Minami-Uonuma shi Committee for Indistry Development Vision
  • Apr. 2017- TodayJapanese Association for Real Options and Strategy Councilor
  • Jul. 2016- TodayYukiguni Uonuma Rotary Club Vice President
  • Oct. 2015Oct. 2015Japanese Association for Real Options and Strategy Organizing Chair
  • Jul. 2015Jun. 2016Rotary International, Yukiguni Uonuma Rotary Club International Services, Chair
  • Apr. 2012- TodayJapanese Association of Real Options and Strategy Institutional Journal
  • 20062008Japanese Association of Real Options and Strategy A committee member and founding member

Academic & Professional Experience

  • Jul. 2018Mar. 2019Joint-Appointment Research Fellow, IUJ Research Institute
  • Sep. 2016Aug. 2018Intensive MBA Program Director, Graduate School of International Management
  • Sep. 2015- TodayAssociate Professor of Finance, International University of Japan
  • Apr. 2013Aug. 2015Assistant Professor of Finance, International University of Japan
  • Aug. 2009Aug. 2012Research Assistant (University of Hawaii) 2009-current
  • 2006Research Assistant (Nomura Research Institute) 2006 winter

Research Activities

Research Areas

  • Economics / Applied economics
  • Economics / Public finance/Monetary economics
  • Business administration / Business administration

Research Interests

    Corporate Finance, Corporate Governance, Risk Management, Finance, Real Option, Sports Finance, Valuation

Published Papers

  • Analysis of Impacts of SDGs Activities on Firm Value and Utility: Proposals of SDGs Finance and Indices in Japan
    Haruyoshi Ito
    Communications of Japanese Association of Real Options and Strategy 10(1) 42-56 Nov. 2018 [Refereed]
  • An Analysis of Notes Linked to the Solactive Sustainable Development Goals world RC EUR Index issued by the World Bank
    Soichiro Moridaira, Haruyoshi Ito, and Hiroki Kobayashi
    Communications of Japanese Association of Real Options and Strategy 10(1) 29-41 Nov. 2018 [Refereed]
  • Finance Cases related to SDGs (Sustainable Development Goals) and Proposals for Local Revitalization
    Haruyoshi Ito
    Riverbank Report 22 2-9 Jul. 2018
  • On the Impact of Risk Management on Enterprise Value: An Analysis under Completeness and Incompleteness
    Haruyoshi Ito
    Journal of Insurance Science 639 1-35 Dec. 2017 [Refereed]
  • Snow Risk Management by Weather Derivatives: A Feasibility Study on Ski Resorts in Minamiuonuma and Uonuma City
    Haruyoshi Ito
    General Insurance Research 79(2) 101-127 Aug. 2017
  • On the Valuation of the Guarantee by Managing Shareholders: A Simple Analysis by Real Options Approach
    Haruyoshi Ito
    Communications of Japanese Association of Real Options and Strategy 9(1) 78-87 Mar. 2017 [Refereed]
  • Managing Weather Risks: The Case of J. League Soccer Teams in Japan
    Haruyoshi Ito, Jing Ai, and Akihiko Ozawa
    Journal of Risk and Insurance 83(4) 877-912 Dec. 2016 [Refereed]
  • Shareholder Returns to Management Buyouts in Japan
    Haruyoshi Ito, Eric Mais
    Securities Analysts Journal 54(3) 35-42 Mar. 2016
  • Managing Snow Risks: The Case of City Governments and Ski Resorts
    Haruyoshi Ito
    Communications of Japanese Association of Real Options and Strategy 7(3) 32-39 Oct. 2015 [Refereed]
  • Commentary on Real Options in Case Studies, ‘Managing Weather Risks: The Case of J. League Soccer Team in Japan’ by Haruyoshi Ito, Jing Ai, and Akihiko Ozawa, Journal of Risk and Insurance, 2015
    Haruyoshi Ito
    Communications of Japanese Association of Real Options and Strategy 7(3) 16-21 Oct. 2015
  • The Applications of Real Options in Management Studies
    Haruyoshi Ito
    Communications of Japanese Association of Real Options and Strategy 6 16-20 Dec. 2014
  • A New Real Option Approach -Applications for Sports Finance-
    Haruyoshi Ito
    Keio University Nov. 2012
  • On a Mechanism of Injury Risk Management for Sport Teams by Insurance and Securitization: A Case in J.League
    Haruyoshi Ito, Akihiko Ozawa, Kenji Yamada
    Journal of Real Options and Strategy 5(2) 65-95 Aug. 2012 [Refereed]
  • ON THE VALUE CREATION PROCESS VIA MANAGEMENT BUYOUTS IN JAPAN
    Haruyoshi Ito
    University of Hawaii at Manoa Aug. 2012
  • On the Weather Risk Management using Day-Counting Weather Derivatives for Sports Teams: A case in J.League
    Haruyoshi Ito, Akihiko Ozawa
    Journal of Real Options and Strategy 5(1) 19-46 Mar. 2012 [Refereed]
  • On the Injury Risk Securitization: Injury Risk Management for Sport Athletes
    Haruyoshi Ito, Akihiko Ozawa, and Kenji Yamada
    Japan Institute of Life Insurance Journal 177 189-211 Dec. 2011
  • A value of liquidity in cash holding
    Ito, Haruyoshi and Ying Wang
    University of Hawaii at Manoa Aug. 2011
  • A value of preferred stock seen in Seiyu's revival
    Takamori, Hiroshi and Haruyoshi Ito
    Waseda University Institute of Finance, Working Paper Series WIF07(002) Jan. 2007
  • A Default Analysis of Golf Courses by Logistic Regression
    Haruyoshi Ito
    Keio University Mar. 2006
  • Real Option Strategy in M&A between Wal-Mart and Seiyu
    Hiroshi Takamori, Haruyoshi Ito
    Aoyama Management Review, President Co., Ltd. 7 63-72 Apr. 2005
  • Analysis of Golf Club Membership Prices in Japan through the Hedonic Pricing Method
    Moridaira, Soichiro and Haruyoshi Ito
    Business Journal, The Japanese Association of Real Estate Financial Engineering 3 29-42 Mar. 2005

Books etc

  • Terminological Dictionary of Security and Finance
    Haruyoshi Ito
    Contributor
    Terminologies related to M&A
    Ginko Kenshu Sha  Mar. 2007
  • Finance・Contract Technique, Agency and Management Strategy
    Hiroshi Takamori and Haruyoshi Ito
    Contributor
    Chapter 10: Evaluation of the Tie-up Strategy Based on Real Options: Issue of the Warrants which are Seen in the Recent Tie-up of Seiyu and Wal-Mart Stores
    Toyokeizaishinpo-sha  Feb. 2006  4492653694

Conference Activities & Talks

  • SDGs, SDGs Index, and SDGs Bonds
    Haruyoshi Ito
    The 3rd Regular Meeting of The Japan Association of Finance for Sustainable Development May 2018
    招待有り
  • SDGs Finance in Japan and all over the World: Cases and Proposed Framework
    Haruyoshi Ito
    The 1st International SDGs Forum Jan. 2018
    招待有り
  • Solactive SDGs Index and SDGs Bonds
    Haruyoshi Ito
    持続可能な開発目標推進企業の株価に連動する世銀債の価値分 Nov. 2017
  • On the Snow Risk Management by Weather Derivatives
    Haruyoshi Ito
    National Conference of Japanese Society of Insurance Science Oct. 2017
  • Weather Risk Management by Derivatives on Temperature and Sunshine Hours: A Case of an Agriculture Corporation in Japan
    Haruyoshi Ito
    International Conference on Agro-industry Oct. 2017
  • A Proposal of Snow Risk Management by Artificlal Snow and Weather Derivatives: A Case in Ske Resorts in Niigata
    Haruyoshi Ito
    The 25th National Conference of Nippon Finance Association Jun. 2017
  • Weather Risk Management by Weather Derivatives with Two Triggers: A Case on an Agriculture Corporation in Japan
    Haruyoshi Ito
    The National Conference of Japanese Association of Real Options and Strategy, Tokyo, 2016 Nov. 2016
  • An Analysis of the Impact of Risk Management on Enterprise Value in Japan
    Haruyoshi Ito
    • The 217th Conference by Kanto (Greater Area of Tokyo) Division of The Japanese Society of Insurance Science, Tokyo, 2015 Dec. 2015
  • Managing Snow Risks: The Case of City Governments and Ski Resorts
    Haruyoshi Ito
    The National Conference of Japanese Association of Real Options in 2015 Oct. 2015
  • Managing Snow Risks: The Case of City Governments and Ski Resorts
    Haruyoshi Ito
    World Risk and Insurance Economics Congress, Munich, German, 2015 Aug. 2015
  • Managing Snow Risks: The Case of City Governments and Ski Resorts
    Haruyoshi Ito
    Third International Conference on Asian Studies, Niigata, Japan, 2015 Jun. 2015
  • Management Buyouts in Japan
    Haruyoshi Ito and Eric L. Mais
    The 23rd Conference of Nippon Finance Association, Tokyo, 2015 Jun. 2015
  • Management Buyouts in Japan
    Haruyoshi Ito and Eric L. Mais
    The Spring Annual Meeting of Japan Society of Monetary Economics, Tokyo, 2015 May 2015
  • Management Buyouts in Japan
    Haruyoshi Ito and Eric L. Mais
    The Third Conference of Financial Networks Research Initiatives, Uraga, Kanagawa, 2015 Jan. 2015
  • Managing Snow Risks: The Case of Ski Resorts in Niigata
    Haruyoshi Ito
    日本リアルオプション学会2014年大会 Nov. 2014
  • Management Buyouts in Japan
    Haruyoshi Ito, Eric Mais
    2014 FMA Annual Meeting Oct. 2014
  • The Value of Nuclear Plants and Stable Electricity Supply
    Haruyoshi Ito, Yuji Matsuo
    日本リアルオプション学会2013 年研究発表大会 Nov. 2013
  • Managing Weather Risk: the Case of J. League Soccer Teams in Japan
    Haruyoshi Ito, Jing Ai, Akihiko Ozawa
    Asia Pacific Risk and Insurance Association, New York, USA, 2013 Jul. 2013
  • The Value of Nuclear Plants and Stable Electricity Supply
    Haruyoshi Ito, Yuji Matsuo
    The 17th Annual International Conference on Real Options, Tokyo, Japan, 2013 Jul. 2013
  • The Value of Nuclear Plants and Stable Electricity Supply
    Haruyoshi Ito and Yuji Matsuo
    The National Conference of Japanese Association of Real Options and Strategy Nov. 2012
  • A feasible weather derivative mechanism for J. League Soccer Teams in Japan
    Haruyoshi Ito, Jing Ai, and Akihiko Ozawa
    APRIA Fifteenth Annual Conference, Tokyo, Japan Aug. 2011
  • Feasibility Study of Weather Derivatives for Soccer Team - The case in J. League -
    Haruyshi Ito and Akihiko Ozawa
    • The National Conference of Japanese Association of Real Options and Strategy Nov. 2010
  • The value of options to withdraw and expand emmbedded in license contract
    Haruyoshi Ito and Kenji Yamada
    The national conference of Japanese Association of Real Options and Strategy Nov. 2009
  • An essay on the risk management method construction. case in athlete on J.League soccer team
    Haruyoshi Ito, Akihiko Ozawa, and Kenji Yamada
    The national conference of Japanese Association of Real Options and Strategy Nov. 2009
  • License Contracts with Embedded Options to Expand and Withdraw: The case of Flex Filter in Japan
    12th Annual International Conference, Real Options Group Jul. 2008
  • Was the payment for Matsuzaka rational? Examination by Using Real Options Approach and Esscher Transformation
    FMA Doctoral Student Consortium to be held in conjunction with the Asian Finance Association's (AsianFA) and Nippon Finance Association's (NFA) conference Jul. 2008
  • Default Analysis of Golf Courses in Japan
    83rd Annual Conference, Western Economic Association International, NASSE Jul. 2008
  • ”Matsuzaka Report", Was the Payment for Matsuzaka Rational?” Examination by Using Real Options Approach and Esscher Transformation
     Nov. 2007
  • Was the payment for Matsuzaka rational? Examination by Using Real Options Approach and Esscher Transformation
    The national conference of Japanese Association of Real Options and Strategy 2007
  • The Valuation of Expanding and Withdrawing Option Embedded in Lisence Contract
    The national conference of Japanese Association of Real Options and Strategy 2007
  • A Default Analysis of Golf Courses by Logistic Regression
    Haruyoshi Ito
    Econophysics Colloquium 2006 Nov. 2006
  • A Valuation of the Preferred Stock for Seiyu’s Revival
    Hiroshi Takamori and Haruyoshi Ito
    the first national conference of the Japan Association of Real Options and Strategy Nov. 2006
  • What Determines the Price of Golf Club Membership in Japan?
    International Conference of Asian Association for Sport Management Sep. 2006
  • A Default Analysis of Golf Courses by Logistic Regression
    The Japanese Association of Real Estate Financial Engineering Mar. 2006
  • What Determines the Price of Golf Membership?
    Sochiro Moridaira and Haruyoshi Ito
    The Japanese Association of Real Estate Financial Engineering Mar. 2005
  • Business Revival and Strategy of Business Tie-up by Using Warrants in Case of Comprehensive Business Tie-up between Seiyu and Wal-Mart
    Hiroshi Takamori and Haruyoshi Ito
    The 2004 Spring National Conference of ORSJ Mar. 2004

Misc

  • Impact of President Trump’s Policies on the Economy of Japan
    Haruyoshi Ito
    Sakura IUJ Students' Campus Magazine Spring 2017-3 12-17 Mar. 2017
    0
  • The Valuation of the Matsuzaka Contract, Fuji Newspaper
    Seiichiro Uchi and Haruyoshi Ito
    Fuji Newspaper Jan. 2007
    1

Awards & Honors

  • Oct. 2018 The Japanese Society of Insurance Science The Japanese Society of Insurance Science Award (Distinguished Paper)
    On the Impact of Risk Management on the Enterprise Values: An Analysis under Completeness and Incompleteness (Journal of Insurance Science, No. 639, 2017, pp. 1-35, 2017, Japanese)
  • 2010 The Crown Prince Akihito Scholarship Foundatoin-Shidler Scholarship
    2010-2011
  • 2010 Shidler Travel Fund
  • 2009 CIBER Travel Fund
  • 2009 Donald A. Corbin, Ph.D. Scholarship Fund
  • 2009 University of Hawaii, Tuition Waiver
    2009-2012
  • 2007 Grants from Dr. Taikichiro Mori Memorial Research Foundation
  • 2006 Total Exemption of Repaying the first class loan due to exceedingly great achievement (Japan Student Service Organization)
  • 2004 Keio University Scholarship
    2004, 2006-2008
  • 2003 Encouragement for Studying Prize (Aoyama Gakuin University)

Research Grants & Projects

  • Application of Real Option
    In this research, I intend to apply financial option theroy into valaution of real assets such as real estate, sport players, management strategy, lisence. I would like to provide rational decision criteria through rational asset pricing
  • Valuation of Lisence
    In this research, we pursue rational valuation of Lisence Contracts by real option approach. Through this research, we would like to make rational desicion criteria such as expanding or withdrawing from exsiting projects.
  • Sport Risk Management
    :Public/Private Cooperative Joint Researches
  • Value creation process through corporate restructuring
    We would like to answer the issues associated with corporate restructuring such as how corporate decide to go private, what kind of governance structure affect the post corporate performance after going private, M&A etc.
  • Empirical studies on the impact of governance structure on the enterprise value
    Japan Society for the Promotion of Science:Grants-in-Aids for Scientific Research
    Investigator(s):Haruyoshi Ito
  • Weather Risk Management
    The Genera Insurance Institute of Japan:Research Aids for General Insurance
    Investigator(s):Haruyoshi Ito

Educational Activities

Teaching Experience

  • Debt Security Markets (International University of Japan)
  • Risk Management (International University of Japan)
  • Managerial Economics (International University of Japan)
  • Derivatives Markets (International University of Japan)
  • Business Finance (University of Hawaii)
  • Introduction to Actuarial Science (Keio University)
  • Business Ethics (International University of Japan)
  • Entrepreneurial Finance (International University of Japan)

Social Contribution

Social Contribution



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