Updated on 2024/02/15
博士（経済学） ( 東京大学 )
修士（経済学） ( 東京大学 )
The University of Tokyo Graduate School, Division of Economics doctor course finished without a degree after completion of required course credits
The University of Tokyo Graduate School, Division of Economics master course completed
Waseda University Faculty of Political Economics graduated
2018.4 -
中央大学商学部 教授
2010.4 - 2018.3
中央大学商学部 准教授
2007.4 - 2010.3
千葉商科大学商経学部 専任講師
2007.4 - 2009.3
中央大学総合政策学部 非常勤講師
2005.10 - 2008.3
東京大学公共政策大学院 非常勤講師
2004.4 - 2007.3
日本学術振興会特別研究員（PD・東京大学大学院経済学研究科）
2005.4 - 2005.9
横浜市立大学大学院国際総合科学研究科 非常勤講師
2002.10 - 2004.3
東京大学先端科学技術研究センター 特任教員（助手）
日本経済学会
日本金融学会
Financial Economics
Humanities & Social Sciences / Money and finance / Money/Finance
Invoice Currency Choice under Financial Constraints and Bargaining: Evidence from Japanese SMEs
GOTO Mizuki, HAYAKAWA Kazunobu, KOIBUCHI Satoshi, YOSHIMI Taiyo
RIETI Discussion Papers ( 21-E-080 ) 2021.10
Impacts of Mergers and Acquisitions on corporate performance of Japanese Medtech firms Invited
Satoshi Koibuchi, Mizuki Goto
Research Paper ( 29 ) 1 - 59 2020.1
On the Evaluation of Acquired Business Performance after the Large-scale Cross-border Mergers by Japanese Firms Invited
Satoshi Koibuchi
月刊資本市場 410 ( (2019.10) ) 42 - 53 2019.10
On the Performance of the Cross-border M&As by Japanese Firms Invited Reviewed
Satoshi Koibuchi, Mizuki Goto
経済分析 ( 200 ) 101 - 134 2019.6
Geographical Distribution of Firm Structure and Capital Investment: Cases of Major Japanese Exporters Invited
Satoshi Koibuchi, Mizuki Goto
Public Policy Review 14 ( 3 ) 461 - 488 2018.7
The decline in bank-led corporate restructuring in Japan: 1981-2010 Reviewed
Takeo Hoshi, Satoshi Koibuchi, Ulrike Schaede
Journal of the Japanese and International Economies 47 81 - 90 2018.3
Geographical Distribution of Cash Flow and Investment of Japanese Export Sectors Invited
Satoshi Koibuchi, Mizuki Goto
Financial Review 2017 ( 132 ) 81 - 108 2017.10
Financial Regulatory Reform in Global Perspective: Discussion in the Global Summit of Shadow Financial Regulatory Committees Invited
Satoshi Koibuchi
Public Policy Review 12 ( 2 ) 239 - 251 2016.3
Satoshi Koibuchi
Financial Review 2015 ( 125(H27第5号) ) 77 - 87 2015.10
Eurozone Crisis as a Financial Crisis Invited
Satoshi Koibuchi
Eurozone Crisis and Global Economy 第1章 25 - 43 2015.6
Japan's financial regulatory responses to the global financial crisis
Kimie Harada, Takeo Hoshi, Masami Imai, Satoshi Koibuchi, Ayako Yasuda
Journal of Financial Economic Policy 7 ( 1 ) 51 - 67 2015.3
Evolution of Corporate Networks in Twentieth Century Japan Invited
Satoshi Koibuchi, Tetsuji Okazaki
The power of corporate networks: A comparative and historical perspective ( Chapter 15 ) 276 - 304 2014.11
Japan in the Global Financial Crisis Reviewed
Satoshi Koibuchi, Masaya Sakuragawa, Kimie Harada, Takeo Hoshi, Kaoru Hosono
金融経済研究 ( 36 ) 1 - 23 2014.4
銀行主導の企業再建の再検討：銀行-企業間関係・債権者調整スキーム・損失負担配分 Invited
鯉渕賢
社会科学研究 64 ( 3 ) 13 - 39 2013.3
The Choice of an Invoicing Currency by Globally Operating Firms: A Firm-Level Analysis of Japanese Exporters Reviewed
Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu
International Journal of Finance and Economics 17 305 - 320 2012.9
Debt forgiveness during Japan's lost decade
Satoshi Koibuchi
Research Handbook on International Banking and Governance Chapter 32 610 - 645 2012
Japan in the Global Financial Crisis Invited
Kimie Harada, Takeo Hoshi, Kaoru Hosono, Satoshi Koibuchi, Masaya Sakuragawa
Robert Litan (ed.) The World in Crisis: Insights from Six Shadow Financial Regulatory Committees From Around the World 193 - 227 2011.11
Corporate Restructuring in Japan during the Lost Decade Reviewed
Takeo Hoshi, Satoshi Koibuchi, Ulrike Schaede
Anil Kashyap,David Weinstein, Koichi Hamada (eds.) Japan's Bubble, Deflation and Long-term Stagnation 343 - 373 2011.1
Why has the yen failed to become a dominant invoicing currency in Asia? A firm-level analysis of Japanese Exporters' invoicing behavior
Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu
NBER Working Paper #16231 2010.7
日本企業の為替リスク管理とインボイス通貨選択|rn|－「平成21年度日本企業の貿易建値通貨の選択に関するアンケート調査」結果概要－
伊藤隆敏, 鯉渕賢, 佐藤清隆, 清水順子
RIETI Discussion Paper Series, 経済産業研究所 10-J-032 2010.6
インボイス通貨の決定要因とアジア共通バスケットの課題
伊藤隆敏, 鯉渕賢, 佐藤清隆, 清水順子
RIETI Discussion Paper Series 09-J-013 2009.6
「失われた10年」の債権放棄：産業再生機構のインパクト Reviewed
鯉渕賢
金融経済研究 ( 27 ) 1 - 24 2008.10
貿易通貨の選択と為替戦略：日系企業のケーススタディ
伊藤隆敏ほ
RIETI Discussion Paper Series 08-J-009 2008.5
The impacts of "shock therapy" on large and small clients: Experiences from two large bank failures in Japan Reviewed
Shin-ichi Fukuda, Satoshi Koibuchi
Pacific Basin Finance Journal 15 ( 5 ) 434 - 451 2007.11
銀行破綻処理と中小企業：ショック療法の功罪
鯉渕賢, 福田慎一
林文夫編『金融の機能不全』 99 - 123 2007.1
The impacts of "shock therapy" under a banking crisis: Experiences from three large bank failures in Japan Reviewed
S Fukuda, S Koibuchi
JAPANESE ECONOMIC REVIEW 57 ( 2 ) 232 - 256 2006.6
福田慎一, 鯉渕賢
経済研究 67 ( 2 ) 110 - 120 2006.4
福田慎一, 鯉渕賢
経済学論集 70 ( 2 ) 55 - 87 2004.7
福田慎一, 鯉渕賢
経済学論集 69 ( 4 ) 35 - 56 2004.1
福田慎一, 鯉渕賢
経済学論集 68 ( 4 ) 36 - 53 2003.1
ソルベンシー・マージン比率と生保貸出：生命保険業界におけるキャピタル・クランチ
福田慎一, 鯉渕賢
経済学論集 68 ( 2 ) 48 - 69 2002.7
日本企業の為替リスク管理 通貨選択の合理性・戦略・パズル
清水順子, 伊藤隆敏, 鯉渕賢, 佐藤清隆（ Role： Joint author）
日本経済新聞社 2021.9
Managing Currency Risk
Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu（ Role： Joint author）
Edward Elgar 2018.7
日本金融システム進化論
星岳雄, Aカシャップ著, 鯉渕賢訳（ Role： Sole translator）
日本経済新聞社 2006.7
大型海外企業買収から見た日本企業のグローバル化の現在—特集 グローバル化の現在
鯉渕 賢, 後藤 瑞貴
日経研月報 = The Japan Economic Research Institute monthly report ( 531 ) 24 - 30 2022.9
大規模金融機関縮小のインパクト : 公社化以降の郵貯減少が都道府県別預金市場に与えた影響の分析
鯉渕 賢
ゆうちょ資産研究 : 研究助成論文集 22 49 - 63 2015.11
鯉渕 賢
エコノミスト 91 ( 51 ) 64 - 65 2013.11
鯉渕 賢
エコノミスト 91 ( 45 ) 54 - 55 2013.10
鯉渕 賢
エコノミスト 91 ( 39 ) 48 - 49 2013.9
ユーロ圏危機とその影響と対応(第2回)金融危機としてのユーロ圏危機 : 欧州銀行のクロスボーダー国債保有とその解消
鯉渕 賢
日経研月報 ( 422 ) 16 - 26 2013.8
鯉渕 賢
エコノミスト 91 ( 33 ) 48 - 49 2013.7
「金融円滑化」という先送り政策からの出口戦略 (特集 「円滑化法」の出口戦略と中小企業金融)
原田 喜美枝, 鯉渕 賢
月刊金融ジャーナル 53 ( 5 ) 14 - 17 2012.5
インタビュー調査とセグメント情報から見る日本の医療機器企業の産業構造とM&Aの役割 Invited
鯉渕賢
第2回 MDSI Activities 2020.12 公益財団法人医療機器センター附属医療機器産業研究所
Cross-Border Merger and Currency Risk: Evidences from In-Out M&As of Japanese Firms International conference
( Vancouver, Canada ) 2018.6 Western Economic Association
Determinants of Currency Invoicing: A Questionnaire Study on Japanese Exporters
Junko Shimizu
Comparative Analysis of Enterprise Data (CAED) Conference, Imperial Collage of London 2010.9
Future Direction of Financial Liberalization in India: Lessons from Japan's 30 Years
Opportunity for Global Partnership between India and Japan: Infrastructure, the Environment, and Finance, New Delhi, India 2010.9
Determinants of bank-led rescues in Japan: A governance perspective
2010 APEA Inernational Conference Hong Kong 2010.7
Determinants of currency invoicing of Japanese exports: A firm-level analysis
Junko Shimizu
2010 APEA International Conference Hong Kong 2010.7
How did Japanese banks rescue their large distressed clients? Evidences from debt forgiveness during the lost decade
Satoshi Koibuchi
2009 APEA International Conference, UC Santa Cruz 2009.6
Changes in Main Bank Rescues during the Lost Decade: An Analysis of Corporate Restructureing in Japan, 1981-2007
Takeo Hoshi, Satoshi Koibuchi, Ulrike Shaede
2009 NBER Japan Project Meeting 2009.6
インボイス通貨の決定要因とアジア共通バスケットの課題
伊藤隆敏, 鯉渕賢, 佐藤清隆, 清水順子
2009年度日本金融学会春季大会 2009.5
Debt Forgiveness during the 'Lost Decade': Impacts of the Industrial Revitalization Corporation of Japan
Satoshi Koibuchi
2009年度日本経済学会春季大会 2008.6
失われた10年の債権放棄：メインバンクの超過負担からのインプリケーション
鯉渕賢
2008年度日本金融学会春季大会 2008.5
Debt Forgiveness during the 'Lost Decade': Impacts of the Industrial Revitalization Corporation of Japan
Satoshi Koibuchi
9th Macroeconomics Conference 2007.12
The Impacts of "Shock Therapy" on Large and Small clients: Experiences from Two Large Bank Failures in Japan
Fukuda Shin-ichi, Satoshi Koibuchi
2006年度日本経済学会春季大会 2006.6
The Impacts of ""Shock Therapy"" on Large and Small clients: Experiences from Two Large Bank Failures in Japan
Fukuda Shin-ichi, Satoshi Koibuchi
2006 APEA International Conference, Seatle 2006.6
The Impacts of "Shock Therapy" on Large and Small Clients: Experiences from Two Large Bank Failures in Japan
Fukuda Shin-ichi, Satoshi Koibuchi
2006年度日本金融学会春季大会 2006.4
The Impacts of "Shock Therapy" under a Banking Crisis: Experiences from Three Large Bank Failures in Japan
Fukuda Shin-ichi, Satoshi Koibuchi
2005 APEA International Conference 2005.7
主力行の債権放棄比率：誰が多く負担するのか？
福田慎一, 鯉渕賢
2005年度日本経済学会春季大会 2005.5
主力行の債権放棄比率：誰が多く負担するのか？
福田慎一, 鯉渕賢
2005年度日本金融学会春季大会 2005.5
銀行破綻と借り手のパフォーマンス
福田慎一, 鯉渕賢
2004年度日本経済学会春季大会 2004.6
ソルベンシー・マージン比率と生保貸出：生命保険業界におけるキャピタル・クランチ
福田慎一, 鯉渕賢
2002年度日本金融学会春季大会 2002.5
The 62nd Nikkei Annual Award for Best Economics Books in 2019
2019.11 Japan Center for Economic Research Japan
Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu
Choice of Invoice Currency: Bargaining, Export Experience, Trade Credit
Grant number：20H01518 2020.4 - 2025.3
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (B) Chuo University
Grant amount： \15730000 （ Direct Cost: \12100000 、 Indirect Cost： \3630000 ）
Evaluation of post-merger acquired business performance based on the segment information
Grant number：20K01753 2020.4 - 2023.3
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C) Chuo University
Grant amount： \4290000 （ Direct Cost: \3300000 、 Indirect Cost： \990000 ）
Empirical study on changing nature of firm structure and bank-firm relationship of Japanese firms
Grant number：15K03553 2015.4 - 2019.3
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C) Chuo University
Koibuchi Satoshi
Grant amount： \3900000 （ Direct Cost: \3000000 、 Indirect Cost： \900000 ）
We conducted the research on the bank-firm relationship under the financial crises in recent decades, and the globalization of Japanese firms. Using data on the geographical distribution of production, sales and assets available in financial statements, this study observed how Japan’s three major export-oriented manufacturing industries shifted their geographical distribution of production, sales and assets among the world’s four major regions during the fiscal years from 1999 to 2015. A region-by-region breakdown of production, sales and assets at major Japanese export-oriented manufacturers indicates that robust cash flow and fewer opportunities for plant and equipment investment characterize head offices of Japanese companies located in Japan that have built networks of local subsidiaries in major regions of the world. We also found the large-scale cross-border mergers effectively reorganized the product portfolio for Japanese firms seeking further growth opportunity.
Empirical study on bank-led rescue and shock therapy during the lost decade in Japan
Grant number：21730259 2009 - 2010
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Young Scientists (B)
Grant amount： \2600000 （ Direct Cost: \2000000 、 Indirect Cost： \600000 ）
In this study, I empirically examine the main banks' motive for the choice of debt forgiveness and legal protection in order to restructure their distressed clients by using data on large listed companies suffered financial distress from 1998 to 2004. The results show that closeness of long-term relationship is one of main factors to determine the bank's willingness to rescue its distressed clients while the profitability of distressed client firm is also important. Moreover, other factors including bank's stance against insolvent clients and introduction of new scheme of corporate restructuring like the Industrial Revitalization of Japan have statistically significant impacts on the choice of debt forgiveness and bankruptcy for large distressed clients.
