Akiko Watanabe
Contact
Associate Professor, Alberta School of Business - Department of Finance
- akiko.watanabe@ualberta.ca
- Phone
- (780) 492-0385
- Address
-
3-30A Business Building
11203 Saskatchewan Drive NWEdmonton ABT6G 2R6
Overview
About
I am an associate professor of finance at the Alberta School of Business. My research focuses on international equity market anomalies and liquidity. I have previously served as the co-president of the Northern Finance Association, the co-chair of the NFA annual conference, the director at large at the NFA, and the board member of the Nippon (Japan) Finance Association.
Education
- Yale University, Economics: Ph.D. 2004, M. Phil. 2001, M.A. 2001
- Queen's University, Economics: B.A. Honors 1998 (Medal in Economics), B.A. General 1996 (Medal in General B.A. Program)
Research
- Empirical asset pricing
- International finance
- Financial market liquidity
Teaching
- Investments (MBA)
- Advanced Portfolio Management (Undergraduate)
- Investment Principles (Undergraduate)
Courses
FIN 416 - Advanced Portfolio Management
Recent theoretical and empirical developments in portfolio management are covered with an emphasis on investment strategy and the evaluation of investment performance. A student project makes extensive use of microcomputing, spreadsheets and financial market data. Prerequisite: FIN 301, 412.
FIN 614 - Investments
This course is concerned with investment in stocks, bonds and other financial assets. Topics include, but are not limited to, interest rates, risk-return relationships, investment valuation, and market information and efficiency. Co-requisite: FIN 501 or FIN 503.
Scholarly Activities
Research - Publications
"Time-Varying Liquidity Risk and the Cross Section of Stock Returns" with Masahiro Watanabe, Review of Financial Studies, 2008, 21(6), 2449-2486. First Prize, Call for Paper Competition on Liquidity and Corporate Renewal, Turnaround Management Association 2006 Global Education Symposium.
"Share Issuance and Cross-Sectional Returns: International Evidence" with R. David McLean and Jeffrey Pontiff, Lead Article, Journal of Financial Economics, 2009, 94(1), 1-17. First Prize, 2009 Jensen Prize for Corporate Finance and Organizations, Journal of Financial Economics. Pacific-Basin Finance Journal Research Excellence Award on Investment, Asian Finance Association/Nippon (Japan) Finance Association 2008 International Conference.
"Restructuring and Performance among Japanese Firms after Prudential Policy Reform" with Dick Beason, Ken Gordon, and Vikas Mehrotra, Asia-Pacific Journal of Business, 2010, 1(1), 41-60.
"Restructuring and Returns in Japan, 2000-2001" with Dick Beason, Ken Gordon, and Vikas Mehrotra, Japan in the Age of Globalization, 2011, ed., Carin Holroyd and Ken Coates, Routledge Contemporary, Japan Series, ISBN 978-0-415-66584-1.
"The Asset Growth Effect: Insights from International Equity Markets" with Yan Xu, Tong Yao, and Tong Yu, Journal of Financial Economics, 2013, 108(2), 529-563. Funded by the Social Sciences and Humanities Research Council of Canada. Professor Junko Maru Research Prize, Nippon (Japan) Finance Association 2014 Meetings.
"Does Restructuring Pay in Japan?: Evidence Following the Lost Decade" with Dick Beason, Ken Gordon, and Vikas Mehrotra (Japanese Translation), Japanese Economy: Finance and Corporate Behavior in Restructuring Period, 2014, ed., Akiyoshi Horiuchi, Masaharu Hanazaki, and Junichi Nakamura, University of Tokyo Press, ISBN978-4-13-040266-8.
"Corporate R&D and Stock Returns: International Evidence" with Kewei Hou, Po-Hsuan Hsu, Shiheng Wang, and Yan Xu, Journal of Financial and Quantitative Analysis, 2022, 57(4), 1377-1408. Funded by the Social Sciences and Humanities Research Council of Canada.