Hiroshi Ishijima, Ph.D.
Updated: Sep 7, 2021
Hiroshi Ishijima is currently a Professor of Finance at Chuo Law School, Chuo University in Japan. He has been the President of the Asia Real Estate Society (AsRES) since July 2021, and the President of the Japanese Association of Real Estate Financial Engineering (JAREFE) since April 2019. He was a Visiting Fellow at Columbia Business School in 2013–2014 and 2018–2019.
Prior to joining the Chuo Law School, he was the Dean (2017–2018), Professor (2014–2018), and Associate Professor (2007–2014) at the Graduate School of International Accounting, Chuo University. Previously, he served on the faculties of Osaka University as an Associate Professor (2006–2007), Waseda University as an Associate Professor (2005–2006), and Keio University as an Assistant Professor (1999–2005).
Ishijima’s academic research explores a variety of topics in real estate and financial markets including: real estate finance focusing on asset pricing in theoretical and empirical aspects, market sentiment analysis developing Japanese sentiment indexes by AI-driven techniques to help predict asset prices, regime switching models applied for asset management and pricing, corporate finance primarily in ESG investing and quantitative corporate analysis and valuation, and dynamic portfolio choice conducting under incomplete information.
At present, he has published 50 papers in academic journals both in English and Japanese. He has presented these papers at 49 international and 78 domestic conferences and workshops. He has single-authored four books in Japanese for graduate courses on finance theory and on corporate valuation. In addition to other awards, his paper “The Regime Switching Portfolios (published in Asia-Pacific Financial Markets)” received the 2016 Best Paper Award from the Japanese Association of Financial Econometrics and Engineering. His research has received seven Grants-in-Aid from the Japan Society for the Promotion of Science (JSPS) as a Principal Investigator.
He has been an associate editor for the Asia-Pacific Financial Markets (Springer) since 2005 and the Journal of Real Estate Financial Engineering (in Japanese) since 2017. He also has been serving as the Director and Councilor for the Japanese Association of Financial Econometrics and Engineering (JAFEE) since 2006, and the Councilor for the Japanese Association of Real Estate Financial Engineering (JAREFE) since 2013.
He received his B.E. in 1994, M.E. in 1996, and Ph.D. in 1999 all from the Tokyo Institute of Technology.