Updated on 2025/04/25

写真a

 
NEMOTO, Naoko
 
Affiliation
Faculty of Commerce, Graduate School of Business and Finance
Job title
Professor
Degree
学士 ( 1983.04 早稲田大学法学部 )
MBA ( 1994.06 シカゴ大学経営大学院 )
博士（商学） ( 2017.03 一橋大学大学院商学研究科 )

Research Experience

  • 2019.04
    -
    Now

    Waseda Business School   Professor

  • 2016.04
    -
    2021.05

    Asian Development Bank Institute   Research

  • 1994.09
    -
    2016.03

    S&P Global Rating Japan   Managing Director

  • 1983.04
    -
    1991.04

    The Bank of Japan

Education Background

  • 2011.04
    -
    2017.03

    Hitotsubashi University Graduate School of Commerce and Management   Graduate School of Commerce and Management  

  • 1992.09
    -
    1994.06

    University of Chicago, Booth School of Business   MBA  

  • 1978.04
    -
    1983.03

    Waseda University, School of Law  

Committee Memberships

  • 2018.04
    -
    Now

    GPIF  Management Director

Professional Memberships

  • 2016.04
    -
    Now

    日本経営財務研究学会

  • 2003.04
    -
    Now

    Japan Society of Monetary Economics

Research Areas

  • Money and finance   Management of Financial Institutions / Business administration   Corporate Governance / Money and finance   Sustainable Finance

Research Interests

  • Financial Inclusion

  • Management of Financial Institutions

  • Environmental, Social and Governance Investment

 

Papers

  • The Effect of ESG Performance on the stock market during the COVID-19 Pandemic- Evidence from Japan

    Lian Liu, Naoko Nemoto, Changrong Lu

    Economic Analysis and Policy   79   702 - 712  2023.09  [Refereed]

    DOI

    Scopus

    28
    Citation
    (Scopus)

  • Environmental, Social and Governance (ESG) Evaluation and Organizational Attractiveness to Prospective Employees: Evidence from Japan

    Lian Liu, Naoko Nemoto

    Journal of Accounting and Finance   Vol 4  2021.09  [Refereed]

  • Empirical Study on the Effect of ESG Factors on the Sovereign Funding Costs

    Lian Liu and Naoko Nemoto

    Singapore Economic Review    2021.08  [Refereed]

    Authorship：Corresponding author

  • Credit Risk Reduction Effect on SME Finance using Bank Account Information

    Gendai Finance   40   1 - 23  2019.03  [Refereed]

    Authorship：Lead author

  • Central banking below zero: the implementation of negative interest rates in Europe and Japan

    Stefan Angrick, Naoko Nemoto

    ASIA EUROPE JOURNAL   15 ( 4 ) 417 - 443  2017.12

    　View Summary

    This paper provides an overview of the operational implementation of negative interest rates in Europe and Japan. Drawing attention to the fact that there is precedent for negative policy rates and negative money market rates, the paper addresses conceptual issues and summarizes measures which define negative interest rate policy. Based on detailed institutional analysis and an examination of the interaction of interest rate policies with balance sheet policies, it is argued that there exists substantial heterogeneity in the purpose, design, and operational specificities of negative interest rate policies across economies, with significant consequences for effective market rates, private sector funding conditions, and expectations. Summarizing transmission channels of negative rates, benefits, and risks of the policy, the paper calls attention to potential adverse effects resulting from the interaction of negative interest rates with tighter liquidity and capital standards adopted since the Global Financial Crisis.

    DOI

    Scopus

    10
    Citation
    (Scopus)

  • Impact of cyclical variables on credit ratings

    Gendai Finance   39   55 - 70  2017.11  [Refereed]

    Authorship：Last author

    DOI CiNii

  • 日系、外資系格付け会社の格付け格差の説明要因

    根本直子

    一橋商学論叢   11 ( 2 ) 2 - 16  2016.11  [Refereed]

    Authorship：Last author

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Books and Other Publications

  • Strengthening Environment Social and Governance Investment Under COVID-19

    ( Part： Joint editor, Introduction, preface and chapter 4)

    Asian Development Bank Institute  2022.04

  • Environmental, Social, and Governance Investment, Opportunities and Risks for Asia

    Naoko Nemoto, Peter Morgan( Part： Edit)

    Asian Development Bank Institute  2020.06

  • Fintech for Asian SMEｓ

    Naoko Nemoto, Naoyuki Yoshino( Part： Edit)

    2019.05

  • 残る銀行、沈む銀行ー金融危機後の構図

    根本直子( Part： Sole author)

    東洋経済新報社  2010.01

  • 韓国モデル、金融再生の鍵

    根本直子( Part： Sole author)

    中央公論新社  2003.06

Presentations

  • ESGスコアリングの課題

    根本直子  [Invited]

    日本金融学会春大会 

    Presentation date： 2023.05

  • Environmental, Social and Governance (ESG) Evaluation and Organizational Attractiveness to Prospective Employees: Evidence from Japan

    Naoko Nemoto and Lian Liu  [Invited]

    Presentation date： 2021.05

    Event date：
    2021.05
    　
    　

  • How will ESG factors affect the sovereign funding costs ?

     [Invited]

    Presentation date： 2020.05

    Event date：
    2020.05
    　
    　

  • Improving Financial Access to SMEs

     [Invited]

    Global Solutions, The World Policy Forum 

    Presentation date： 2019.03

    Event date：
    2019.03
    　
    　

  • Credit risk analysis of SMEs using bank account information

     [Invited]

    Presentation date： 2018.05

    Event date：
    2018.05
    　
    　

  • Function of multiple ratings and impact on bond yields

     [Invited]

    Presentation date： 2016.05

    Event date：
    2016.05
    　
    　

  • Explanatory factors for the rating gap between Japanese and foreign rating companies

     [Invited]

    Presentation date： 2015.11

    Event date：
    2015.11
    　
    　

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Misc

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Syllabus

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Sub-affiliation

  • Affiliated organization   Global Education Center

Research Institute

  • 2022
    -
    2024

    Waseda Center for a Carbon Neutral Society   Concurrent Researcher