Personnel Information

写真b

OKADA Katsuhiko

Organization
Institute of Business and Accounting Business School
Laboratory Address
1-1-155 Uegahara Nishinomiya Hyogo Japan
Research Fields, Keywords
行動ファイナンス, 機械学習、資産評価モデル、株式市場の情報効率性, Behavioral Finance, Machine Learning, Asset Pricing Models, Information Efficiency in the Stock Market
Research Outline
My primary interest is in the field of asset pricing. Particularly interested in how stock market return / return distribution is affected by the psychological factors. Traditionally, financial economists assumed professional investors are rational; therefore, the stock market remains rational for most of the times. In reality, all humans can be irrational at times, and there are many cases where market pricing is far from rational. We are building asset pricing models to incorporate such effects. For some of the promising models, we test them in the real stock market. This is possible thanks to our close cooperation with Magne-Max Capital Management Co. Ltd, an investment advisory firm.

Graduate School 【 display / non-display

  • Graduate school:Kobe University
    Department:Graduate School, Division of Administration
    Course:Finance

    Course completed:Doctor's Course
    Date of completion:2006.03
    Completion status:Completed
    Country:Japan

  • Graduate school:Washington University
    Department:John M. Olin School of Business

    Course completed:Master's Course
    Date of completion:1990.05
    Completion status:Completed
    Country:United States

Degree 【 display / non-display

  • Degree name:PhD (Finance)
    Classified degree field:Finance
    Conferring institution:Kobe University
    Acquisition way:Coursework
    Date of acquisition:2006.03

  • Degree name:MBA
    Classified degree field:Humanities & Social Sciences / Money and finance
    Conferring institution:Others
    Acquisition way:Coursework
    Date of acquisition:1990.05

Research History 【 display / non-display

  • Affiliation:Halberdier Capital Management Singapore Pte. Ltd.
    Title:Co-founder / Director
    Date:1996.07 - 2001.04

  • Affiliation:UBS Investment Bank Tokyo
    Department:Equity Derivatives
    Title:FVP
    Date:1992.10 - 1996.06

  • Affiliation:Morgan Stanley New York
    Department:International Arbitrage
    Title:Trader
    Date:1990.05 - 1992.10

  • Affiliation:Kwansei Gakuin University
    Title:Professor
    Date:2005.04 -

Association Memberships 【 display / non-display

  • Academic society name:Japan Finance Association

    Academic country located:Japan

  • Academic society name:Western Finance Asscociation

    Academic country located:United States

  • Academic society name:American Finance Association

    Academic country located:United States

Research Areas 【 display / non-display

  • Research field:Humanities & Social Sciences / Business administration

  • Research field:Humanities & Social Sciences / Money and finance

Papers 【 display / non-display

  • Language: English
    Title: Image based price trends in the Japanese stock market: Portfolio choice based on Convolutional Neural Network
    Journal name: Behavioral Economics Conference, Proceedings
    Date of publication: 2022.11
    Author(s): 中筋 萌, 羽室 行信, 岡田 克彦

    Type of publication: Research paper (international conference proceedings)
    Co-author classification: Multiple Authorship
    Field of experts:Humanities & Social Sciences / Business administration

  • Language: English
    Title: Is No News Good News? :The Streaming News Effect on Investor Behavior surrounding Analyst Stock Revision Announcement
    Journal name: International Review of Finance  vol.14  (p.29 - 51)
    Date of publication: 2014.03
    Author(s): with Takahiro Azuma, Yukinobu Hamuro

    Type of publication: Research paper (scientific journal)
    Co-author classification: Multiple Authorship
    Field of experts:Humanities & Social Sciences / Money and finance

  • Language: English
    Title: The Calendar Structure of the Japanese Stock Market: The "Sell in May Effect" versus the "Dekansho-bushi Effect"
    Journal name: International Review of Finance  vol.Vol 13  (Issue 2)  (p.161 - 185)
    Date of publication: 2013.06
    Author(s): OKADA Katsuhiko

    Type of publication: Research paper (scientific journal)
    Co-author classification: Multiple Authorship

  • Language: English
    Title: Predicting Noise Trader Behavior through Mining Newspaper Articles
    Journal name: Learning for Logics and Logics for Learning  (7th Workshop Osaka University)
    Date of publication: 2011.03
    Author(s): Katsuhiko Okada, Yukinobu Hamuro

    Type of publication: Research paper (scientific journal)
    Co-author classification: Multiple Authorship

  • Language: English
    Title: Addition to the Nikkei 225 Index and Japanese Market Response:
    Journal name: Pacific-Basin Finance Journal  (Vol 14 Issue 4)
    Date of publication: 2006.08
    Author(s): OKADA Katsuhiko

    Type of publication: Research paper (scientific journal)
    Co-author classification: Multiple Authorship

display all >>

Books 【 display / non-display

  • Language: Japanese
    Title: Pythonによるビジネスデータサイエンス4 ファイナンスデータ分析
    Publisher: 朝倉書店
    Date of publication: 2022.03
    Author(s): 岡田克彦, 羽室行信, 村宮克彦, 高橋秀徳

    Type of books: Scholarly book
    Authorship: Edit

  • Language: Japanese
    Title: 行動経済学の現在と未来
    Publisher: 日本評論社
    Date of publication: 2019.09
    Author(s): 依田高典, 岡田克彦

    Type of books: Scholarly book
    Authorship: Joint editor
    Field of experts:Humanities & Social Sciences / Money and finance, Humanities & Social Sciences / Public economics and labor economics, Humanities & Social Sciences / Experimental psychology

  • Language: Japanese
    Title: Yahoo!JapanのビッグデータとAIで考える21世紀の投資戦略
    Publisher: 講談社
    Date of publication: 2018.04
    Author(s): 岡田克彦

    Type of books: General book
    Authorship: Sole author
    Field of experts:Humanities & Social Sciences / Money and finance

  • Language: Japanese
    Title: 人工知能学辞典
    Publisher: 人工知能学会
    Date of publication: 2016.04
    Author(s): 岡田克彦、羽室行信

    Type of books: Scholarly book
    Authorship: Joint author

  • Language: English
    Title: The Routledge Handbook of Japanese Business and Management
    Publisher: Routledge
    Date of publication: 2016.01
    Author(s): Katsuhiko Okada

    Type of books: Scholarly book
    Authorship: Sole author
    Field of experts:Humanities & Social Sciences / Business administration, Humanities & Social Sciences / Money and finance

display all >>

MISC 【 display / non-display

  • Language:Japanese
    Title:解題「実験行動ファイナンス」
    Publisher:証券アナリスト協会
    Journal name:証券アナリストジャーナル  vol.60  (08)  (p.2 - 5)
    Date of publication:2022.08
    Author(s):岡田克彦

    Type of publication:Article, review, commentary, editorial, etc. (bulletin of university, research institution)
    Co-author classification:Single Author
    Field of experts:Humanities & Social Sciences / Business administration

  • Language:Japanese
    Title:なぜ日本人は株式資産をもたないのか?
    Publisher:証券アナリスト協会
    Journal name:証券アナリストジャーナル  vol.51  (11)  (p.56 - 62)
    Date of publication:2021.11
    Author(s):岡田克彦

    Type of publication:Article, review, commentary, editorial, etc. (scientific journal)
    Co-author classification:Single Author
    Field of experts:Humanities & Social Sciences / Business administration

  • Language:Japanese
    Title:書評「マルチエージェントによる金融市場のシミュレーション」
    Publisher:証券アナリスト協会
    Journal name:証券アナリストジャーナル  vol.59  (3)  (p.75 - 76)
    Date of publication:2021.03
    Author(s):岡田克彦

    Type of publication:Book review, literature introduction, etc.
    Co-author classification:Single Author

Awards 【 display / non-display

  • Prize: Securities Analyst Best Paper Award
    Date awarded:2014.10
    Country:Japan
    Award type:International academic award (Japan or overseas)
    Awarding organization:The Securities Analysts Association of Japan
    Award-winner (group):Katsuhiko Okada, Masao Saeki

  • Prize: 2004 Best Paper Award, Securities Analyst Journal
    Date awarded:2005.09
    Country:Japan
    Award type:Honored in official journal of a scientific society, scientific journal
    Awarding organization:Securities Analyst Journal Japan
    Award-winner (group):Katsuhiko Okada

Presentations 【 display / non-display

  • Language: Japanese
    Conference name: 日本市場の注目業種クラスターとモーメンタム効果―ホットスポットマイニングによる網羅的探索―
    International/Domestic presentation: Domestic presentation
    Holding date: 2020.06
    Title: 株式ファクターと機械学習
    Presentation type: Oral presentation (general)

      Show links to external sites

  • Language: Japanese
    Conference name: みずほ証券 投資家向け講演
    International/Domestic presentation: Domestic presentation
    Holding date: 2014.03
    Title: 『マーケットは完全ではない』ロバート・シラー教授との対談
    Presentation type: Oral presentation (general)

  • Language: Japanese
    Conference name: みずほ証券 機関投資家セミナー
    International/Domestic presentation: Domestic presentation
    Holding date: 2014.02
    Title: ビッグ・データで株価を読み,資産運用に活かす
    Presentation type: Oral presentation (general)

  • Language: Japanese
    Conference name: 第12回 人工知能学会 金融情報学研究会(SIG-FIN)
    International/Domestic presentation: Domestic presentation
    Holding date: 2014.01
    Title: 変化点検出と日本株式市場の季節性アノマリー
    Presentation type: Oral presentation (general)

  • Language: Japanese
    Conference name: 日本経済新聞社主催
    International/Domestic presentation: Domestic presentation
    Holding date: 2013.12
    Title: ビッグ・データと金融市場
    Presentation type: Oral presentation (general)

display all >>

Committee Memberships 【 display / non-display

  • Organization name:Japan Finance Association
    Committee name:Vice President
    Date:2022.10 -

  • Organization name:
    Committee name:President
    Date:2017.12 - 2019.12

  • Organization name:
    Committee name:Special Advisor
    Date:2021.12 -

  • Organization name:
    Committee name:Editor
    Date:2008.12 -

  • Organization name:
    Committee name:Managing Director
    Date:2019.12 - 2021.12

display all >>