Masahiro Watanabe
Contact
Associate Professor, Alberta School of Business - Department of Finance
- masahiro.watanabe@ualberta.ca
- Phone
- (780) 492-7343
- Address
-
3-30J Business Building
11203 Saskatchewan Drive NWEdmonton ABT6G 2R6
Overview
About
Associate professor of finance at the Alberta School of Business with research specializations in theoretical and empirical asset pricing. Previously served as the board member of the Nippon/Japan Finance Association.
Education
- Yale University, Management with Financial Economics Specialization: Ph.D. 2003, M. Phil. 2001, M.A. 2001
- University of Chicago, Analytic Finance and Econometrics: MBA 1996
- University of Tokyo, Electronic Engineering: B. Eng. 1991
Research
- Asset pricing
- Market microstructure
Teaching
- Advanced Seminar in Finance I (Ph.D.)
- International Finance (MBA)
- International Financial Markets (Undergraduate)
Courses
FIN 442 - International Financial Markets
An overview of the international financial environment and the financial function in the multinational corporation. Its purpose is to provide decision-making skills in international money and capital markets. Prerequisite: FIN 301.
FIN 701 - Asset Pricing
Provides an introduction to theoretical and empirical work in asset pricing and market microstructure. Topics covered include market efficiency, time varying expected returns and volatility, tests of asset pricing models, and models and analysis of price formation. Prerequisite: Open to doctoral students in the Faculty of Business, the Department of Economics and the Program of Mathematical Finance. For all other students, written permission of instructor required. Approval of the Business PhD Program Director is also required for non-PhD students.
Scholarly Activities
Research - Publications
"Price Volatility and Investor Behavior in an Overlapping Generations Model with Information Asymmetry," Journal of Finance, 2008, 63(1), 229-272.
"Time-Varying Liquidity Risk and the Cross Section of Stock Returns" with Akiko 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.
"Strategic Disclosure and Stock Returns: Theory and Evidence from U.S. Cross-listing" with Shingo Goto and Yan Xu, Review of Financial Studies, 2009, 22 (4), 1585-1620. Best Paper Award in Financial Institutions, Financial Management Association 2007 Meetings.