Sawada Michiru

College of EconomicsProfessor

Field Of Study

  • Humanities & social sciences, Economic policy, Banking
  • Humanities & social sciences, Economic policy, Cliometrics
  • Humanities & social sciences, Money and finance, Corporate Finance

Career

  • Apr. 2015 - Present
    日本大学, 経済学部, 教授
  • Apr. 2015 - Mar. 2016
    Stanford University, Shorenstein Asia-Pacific Research Center, Visiting Scholar
  • Apr. 2009 - Mar. 2014
    日本大学, 経済学部, 准教授
  • Apr. 2008 - Mar. 2009
    名古屋学院大学, 経済学部, 准教授
  • Apr. 2005 - Mar. 2008
    名古屋学院大学, 経済学部, 講師

Educational Background

  • Apr. 2002 - Mar. 2005
    Hitotsubashi University, Graduate School, Division of Economics, applied economics
  • Apr. 2000 - Mar. 2002
    Hitotsubashi University, Graduate School of Economics
  • Keio University, Faculty of Economics, economics

Member History

  • Sep. 2018 - Present
  • May 2020 - May 2022

Paper

  • The Effects of Lender of Last Resort on Financial Intermediation during the Great Depression in Japan
    Masami Imai; Tetsuji Okazaki and Michiru Sawada
    European Review of Economic History, Aug. 2022, Refereed
    Corresponding
  • Measuring the extent and implications of corporate political connections in prewar Japan
    Tetsuji Okazaki; Michiru Sawada
    Explorations in Economic History, Jul. 2017, Refereed, Not invited
    Corresponding
  • 政治的要因と企業ダイナミクス:戦前期日本における銀行産業の実証分析
    日本大学経済科学研究所『紀要』, Mar. 2017
  • 銀行の貸出ポートフォリオの構造と含意:業種別貸出データによる実証分析
    日本大学経済学部『経済集志』, Jul. 2014
  • How does the stock market value bank diversification? Empirical evidence from Japanese banks
    Michiru Sawada
    Pacific-Basin Finance Journal, Nov. 2013, Refereed, Not invited
  • 国政選挙と株価収益率のボラティリティー
    産業経営プロジェクト報告書:産業経営一般研究, Mar. 2013, Not refereed, Not invited
    Lead
  • Measuring the effect of postal saving privatization on the Japanese banking industry: Evidence from the 2005 general election
    Michiru Sawada
    Pacific Basin Finance Journal, Jan. 2013, Refereed, Not invited
  • Interbank networks in prewar Japan: structure and implications
    Tetsuji Okazaki; Michiru Sawada
    Industrial and Corporate Change, Apr. 2012, Refereed, Not invited
    Corresponding
  • Liquidity risk and bank portfolio management in a financial system without deposit insurance: Empirical evidence from prewar Japan
    Michiru Sawada
    International Review of Economics & Finance, Jun. 2010, Refereed, Not invited
  • The Fall of “Organ Bank” Relationships During the Wave of Bank Failures and Consolidations: Experience in Pre-war Japan
    With Tetsuji Okazaki; Michiru Sawada; Key Wang
    Corporate Ownership and Control, Aug. 2007, Refereed, Not invited
  • Effects of a bank consolidation promotion policy: Evaluating the 1927 Bank Law in Japan
    Tetsuji Okazaki; Michiru Sawada
    Financial History Review, Apr. 2007, Refereed, Not invited
  • Measuring the extent and implications of director interlocking in the prewar Japanese banking industry
    T Okazaki; M Sawada; K Yokoyama
    Journal of Economic History, Dec. 2005, Refereed, Not invited

MISC

  • 地域金融機関における業務の分散化:実証研究のからの含意
    澤田充
    商工金融, 20 Jan. 2015, Not refereed, Invited
    Lead

Books and other publications

  • 連結財務諸表からみる銀行ビジネスモデルの動向
    Contributor, 『日本金融システム』祝迫得夫編第3章コメント
    東京大学出版会, Sep. 2023
  • 戦間期日本の銀行間ネットワークと金融システム
    第7章; 岡崎哲二; 澤田充, Contributor, 猪木武徳編『戦間期日本の社会集団とネットワーク-デモクラシーと中間団体』7章(261-282)
    NTT出版, Mar. 2008
  • 銀行統合と企業向け融資」
    Contributor, 斎藤誠編『日本の金融再生戦略』第7章, 渡辺努・澤田充
    中央経済社, May 2002

Lectures, oral presentations, etc.

  • ★Does a Financial Crisis Impair Corporate Innovation?
    Vietnam Symposium in Banking and Finance (VSBF2023), Hanoi, Vietnam, Oct. 2023
  • ★Does a Financial Crisis Impair Corporate Innovation?
    The International Banking, Economics and Finance Association Meeting at the17th Western Economic Association International Conference, Melbourne, Australia, Apr. 2023
  • ★Does a Financial Crisis Impair Corporate Innovation?
    the 34th Asian Finance Association Annual Meeting, Jun. 2022
  • ★Does a Financial Crisis Impair Corporate Innovation?
    日本経済学会, May 2022
  • ★The Effects of Lender of Last Resort on Financial Intermediation during the Great Depression in Japan
    94th Annual Conference of Western Economic Association International, Jun. 2019, Not invited
  • ★The Effects of Lender of Last Resort on Financial Intermediation during the Great Depression in Japan
    日本経済学会春季大会, Jun. 2019, Not invited
  • ★Measuring the Extent and Implications of Corporate Political Connections in Prewar Japan
    Michiru Sawada
    日本金融学会, Oct. 2016, Not invited
  • ★Measuring the Extent and Implications of Corporate Political Connections in Prewar Japan
    Michiru Sawada
    Japan Lunch Seminar, Stanford University, Asia Pacific Research Center, Nov. 2015, Not invited
  • ★How does the stock market value bank diversification? Empirical evidence from Japan
    The 13th International Convention of the East Asian Economic Association (Singapore), Oct. 2012, East Asian Economic Association
  • ★How does the stock market value bank diversification? Empirical evidence from Japan
    日本経済学会秋季大会(九州産業大学), Oct. 2012
  • ★Interbank Networks in Prewar Japan:Structure and Implications
    一橋大学産業・労働ワークショップ/GCOE: Hi-Stat/TCER定例研究会 (共催), May 2011, Not invited
  • ★銀行の証券業参入に対する市場評価の検証
    日本金融学会秋季大会(神戸大学), Sep. 2010, Not invited
  • ★流動性リスクと銀行のポートフォリオマネージメント
    日本経営史学会, Oct. 2008, Not invited
  • ★金融危機下における銀行のポートフォリオ選択:戦前日本のケース
    日本金融学会, May 2007, Not invited
  • ★中小企業向け融資は適切にプライシングされているか?
    経済産業研究所企業金融研究会コンファランス, Sep. 2005, Not invited
  • ★戦前日本における金融システムの進化:機関銀行関係の衰退
    社会経済史学全国大会, Apr. 2005, Not invited
  • ★Bank Merger Wave and Evolution of Financial System: Experience in Prewar Japan
    NBER Japan project meeting, Sep. 2003, Asian Development Bank Institute:Tokyo, Not invited
  • ★銀行統合と金融システムの安定性
    日本経済学会春季大会, Jun. 2003, Not invited
  • Does a Financial Crisis Impair Corporate Innovation?
    競争・イノベーション・成長研究会, Mar. 2021, 競争・イノベーション・成長研究会
  • 「The Effects of Lender of Last Resort on Financial Intermediation during the Great Depression in Japan」
    CIGS Workshop 「企業ダイナミクスと経済成長に関する研究会」, Nov. 2018, キヤノングローバル戦略研究所, Not invited
  • How does the stock market value bank diversification? Empirical evidence from Japan
    日本政策投資銀行設備投資研究所アカデミックセミナー, Jun. 2012, 日本政策投資銀行設備投資研究所, Not invited

Affiliated academic society

  • 2008 - Present
    日本経営史学会
  • 2007 - Present
    日本金融学会
  • 2005 - Present
    社会経済史学会
  • 2003 - Present
    日本経済学会

Research Themes

  • 金融危機が企業の技術的イノベーションに及ぼす影響:特許データに基づく実証分析
    日本学術振興会, 科学研究費助成事業 基盤研究(C), 01 Apr. 2023 - 31 Mar. 2027
    澤田 充
  • 金融危機における最後の貸し手機能の評価:歴史データを用いた疑似実験アプローチ
    日本学術振興会, 科学研究費助成事業 基盤研究(C), 01 Apr. 2019 - 31 Mar. 2023
    澤田 充
  • Empirical analyses on the effects of politics on corporate performance and behavior
    Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C), 01 Apr. 2014 - 31 Mar. 2019
    Sawada Michiru
  • Interbank network and contagious withdrawal of deposits:Empirical analyses of prewar Japan
    Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research Grant-in-Aid for Young Scientists (B), 2011 - 2012
    SAWADA Michiru
  • An empirical examination of capital crunch in pre-war Japan
    Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research Grant-in-Aid for Young Scientists (B), 2008 - 2009
    SAWADA Michiru
  • What Determines CDS Prices?
    Japan Society for the Promotion of Science, Grants-in-Aid for Scientific Research, 01 Apr. 2013 - 31 Mar. 2016
    WATANABE Shuji; SAWADA Michiru; MIYAKAWA Daisuke