Personnel Information

写真b

OKADA Katsuhiko

Title
Professor
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
    Graduate course:Graduate School, Division of Administration
    Major:Finance

    Course completed:Doctor's Course
    Date of completion:2006.03
    Completion status:Completed
    Country location code:JAPAN

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

    Course completed:Master's Course
    Date of completion:1990.05
    Completion status:Completed
    Country location code:UNITED STATES

Degree 【 display / non-display

  • Degree name:MBA
    Classified degree field:Money/ Finance
    Degree awarding institution:Washington University in St. Louis
    Acquisition way:Coursework
    Date of acquisition:1990.05

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

Campus Career 【 display / non-display

  • Job function organization:Kwansei Gakuin University Institute of Business and Accounting Business School
    Career:Professor
    Duties period:2005.04 -

External Career 【 display / non-display

  • Name of affiliation:Halberdier Capital Management
    Career:Director
    Periods of career:1996.07 - 2001.04

  • Name of affiliation:UBS Investment Bank Tokyo
    Department of affiliation:Equity Derivatives
    Career:FVP
    Periods of career:1992.10 - 1996.06

  • Name of affiliation:Morgan Stanley New York
    Department of affiliation:International Arbitrage
    Career:Trader
    Periods of career:1990.05 - 1992.10

Academic Society Affiliations 【 display / non-display

  • Affiliated academic society:Western Finance Asscociation

    Academic country located:UNITED STATES

  • Affiliated academic society:American Finance Association

    Academic country located:UNITED STATES

Field of expertise (Grants-in-aid for Scientific Research classification) 【 display / non-display

  • Field of expertise (Grants-in-aid for Scientific Research classification):Management

  • Field of expertise (Grants-in-aid for Scientific Research classification):Money/ Finance

 

Papers 【 display / non-display

  • Written language: English
    Title of paper: 日本市場の注目業種クラスターとモーメンタム効果
    Publication title: 証券アナリストジャーナル  vol.58  (7)  (p.72 - 82)
    Date of issue: 2020.07
    Name of author(s): 岡田克彦, 羽室行信

    Type of publication: Research paper (scientific journal)
    Co-author classification: Joint Work
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance, Management

  • Written language: Japanese
    Title of paper: Return predictability based on AI
    Publication title: Journal of Behavioral Economics  vol.11  (p.121 - 131)
    Date of issue: 2019.10
    Name of author(s): Katsuhiko Okada

    DOI: 10.11167/jbef.11.121
    Type of publication: Research paper (scientific journal)
    Co-author classification: Joint Work
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance

  • Written language: Japanese
    Title of paper: On application of AI technology in the financial market
    Publication title: Capital Market  vol.393  (May)  (p.16 - 25)
    Date of issue: 2018.10
    Name of author(s): Katsuhiko Okada

    Type of publication: Research paper (research society, symposium materials, etc.)
    Co-author classification: Single Work
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance

  • Written language: English
    Title of paper: ビッグデータとAIによる行動ファイナンス研究の新段階
    Publication title: Nextcom  vol.35  (p.4 - 13)
    Date of issue: 2018.09
    Name of author(s): 岡田克彦

    DOI: https://rp.kddi-research.jp/nextcom/volume/35
    Type of publication: Research paper (scientific journal)
    Co-author classification: Single Work
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance

  • Written language: Japanese
    Title of paper: Information propagation through supply chain network and its return predictability
    Date of issue: 2018.01
    Name of author(s): Yukinobu Hamuro, Katsuhiko Okada

    Type of publication: Research paper (scientific journal)
    Co-author classification: Joint Work
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance, Intelligent informatics

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Books 【 display / non-display

  • Written language: Japanese
    Book Title: Behavioral Economics, Present and Future
    Publisher's name: Nihon Hyoronsha
    Date of issue: 2019.09
    Name of author(s): Takanori Ida, Katsuhiko Okada

    Type of books: Scholarly Book
    Form of book: Joint Editor
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance, Public finance/Public economy, Experimental psychology

  • Written language: Japanese
    Book Title: Investment strategy in 21st century
    Publisher's name: KODANSHA
    Date of issue: 2018.04
    Name of author(s): Katsuhiko Okada

    Type of books: Book (general)
    Form of book: Single Work
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance

  • Written language: English
    Book Title: The Routledge Handbook of Japanese Business and Management
    Publisher's name: Routledge
    Date of issue: 2016.01
    Name of author(s): Katsuhiko Okada

    Type of books: Scholarly Book
    Form of book: Single Work
    Field of experts (Grants-in-aid for Scientific Research classification):Management, Money/ Finance

  • Written language: English
    Book Title: Behavioral Interactions, Markets, and Economic Dynamics
    Publisher's name: Springer Japan
    Date of issue: 2015.11
    Name of author(s): Katsuhiko Okada, Takashi Yamasaki, Yukinobu Hamuro

    Type of books: Scholarly Book
    Form of book: Joint Work
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance, Management

  • Written language: Japanese
    Book Title: Predicting Stock Price based on Big Data
    Publisher's name: Chuo Keizai Press
    Date of issue: 2014.01

    Type of books: Scholarly Book
    Form of book: Single Work
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance

Academic Awards Received 【 display / non-display

  • Prize: Securities Analyst Best Paper Award
    Date of award received:2014.10.05
    Country awarded:JAPAN
    Classification of award received:International Academic Awards
    Individual name or group of awards winner:Katsuhiko Okada, Masao Saeki
    Field of experts (Grants-in-aid for Scientific Research classification):Money/ Finance

  • Prize: 2004 Best Paper Award, Securities Analyst Journal
    Date of award received:2005.09.30
    Country awarded:JAPAN
    Classification of award received:Celebration by Official journal of a scientific society or Academic Journal
    Individual name or group of awards winner:Katsuhiko Okada
    Field of experts (Grants-in-aid for Scientific Research classification):Management, Money/ Finance

Grant-in-Aid for Scientific Research 【 display / non-display

  • Research item:Grant-in-Aid for Scientific Research(B)
    Research activities period:2016.04 - 2019.03

  • Research item:Grant-in-Aid for Scientific Research(B)
    Research activities period:2013.04 - 2016.03

  • Research item:Grant-in-Aid for Scientific Research(C)
    Research activities period:2010.04 - 2013.03

Presentations 【 display / non-display

  • Presentation (Written) language: Japanese
    Conference Name: Industry Cluster Momentum in the Japanese Stock Market
    Conference classification: Internal meeting
    Meeting period: 2020.06
    Topic / Session title: Stock Market Factor and Machine Learning
    Form of presentation: Oral Presentation(general)

  • Presentation (Written) language: English
    Conference Name: 第7回行動経済学会 行動ファイナンス特別講演
    Conference classification: International conference
    Meeting period: 2013.12
    Topic / Session title: Seasonal Investor Overconfidence and the Stock Market Return
    Form of presentation: Oral Presentation(general)

  • Presentation (Written) language: English
    Conference Name: 大阪証券取引所 寄付研究部門セミナーシリーズ第41回
    Conference classification: International conference
    Meeting period: 2013.12
    Topic / Session title: Sentiment, News and the Stock Market Return
    Form of presentation: Oral Presentation(general)

  • Presentation (Written) language: English
    Conference Name: International Review of Finance
    Conference classification: International conference
    Meeting period: 2013.07
    Topic / Session title: The Streaming News Effect on InvestorBehavior surrounding Analyst Stock Revision Announcement
    Form of presentation: Oral Presentation(general)

  • Presentation (Written) language: English
    Conference Name: World Finance Conference in Cyprus
    Conference classification: International conference
    Meeting period: 2013.07
    Topic / Session title: Can Investors in the Stock Market Profit from the Analysts?
    Form of presentation: Oral Presentation(general)

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Recommended URL 【 display / non-display

  • Web site title:Magne-Max Capital Management

    URL:www.magne-max.com

    Classification of research field:Interdisciprinary Area