Publications

Publications -refereed-

• Hoda, Takaaki (2020), “How Do the Regional Financial Institutions View the Function of Reward-Based Crowdfunding in Regional Finance and Their Strategies for That (in Japanese)”, Journal of The Japan Association of Regional Development and Vitalization, 13, p.119-128, Japan Academic Society for Ventures and Entrepreneurs.
• Hoda, T., and Kubo, Y. (2019), “Emergence of Local Entrepreneurship through Hometown Tax Donation: Unique Local Development System: Implications from Development of New Products and Improvement of Business Capabilities by Gift Providers (in Japanese)”, The Japanese Journal of Regional Policy Studies, 23, p.90-99, The Japan Association of Regional Policy.
• Hoda, T., and Kubo, Y. (2019), “Lending by Regional Financial Institutions Driven by Hometown Tax Donation and Ensuing Prospects for Intra-Regional Industry-Government-Banking Collaboration (in Japanese)”, Journal of The Japan Association of Regional Development and Vitalization, 10, p.21-30, The Japan Association of Regional Development and Vitalization.
• Hoda, Takaaki (2016), “Trigger and Motivation of Fund Providers in Hometown Tax in Japan (in Japanese)”, Venture Review, 27, p.31-44, Japan Academic Society for Ventures and Entrepreneurs.
• Iwai, K., and Hoda, T. (2011), “Recent Development of Firm Quality in the Japanese IPO Market (in Japanese)”, Venture Review, 18, p.35-44, Japan Academic Society for Ventures and Entrepreneurs. (Best Paper Award)
• Hoda, Takaaki (2011), “Empirical Analysis of Private Placements of Equity in Japan (in Japanese)”, Japan Journal of Finance, 31(2), p.20-39, Japan Finance Association.
• Hoda, T., and Uno, J. (2011), “Empirical Analysis of Liquidity Hypothesis in Share Repurchases (in Japanese)”, Securities Analysts Journal, 49(10), p.76-87, The Securities Analysts Association of Japan.

Research Note and Research Data -refereed-

• Hoda, Takaaki (2019), “Analysis of Demography of Users and Settlement Data of Regional Digital Currency: Case of Sarubobo Coin (in Japanese)”, Journal of The Japan Association of Regional Development and Vitalization, 11, p.127-135, The Japan Association of Regional Development and Vitalization.
• Hoda, T., and Kubo, Y. (2019), “A Study on Attribute of Gift Providers in Hometown Tax Donation (in Japanese)”, Venture Review, 33, p.57-62, Japan Academic Society for Ventures and Entrepreneurs.

Publications -non-refereed-

• Hoda, T., Tamaki, S. and Dasher, R. (2021), “Analysis of Successful High-Funded Projects on Japanese Reward-Based Crowdfunding Platforms－Implications for Fundraising by Startups and SMEs as Evidenced through the Share of CF Projects by Overseas Firms and Large Corporation”. Available at SSRN: https://ssrn.com/abstract=3778271
• Hoda, T., and Kubo, Y. (2019), “Recent Development of Social Finance for Resolution of Regional Issues: Quasi Civic Crowdfunding in Japan (in Japanese)”, Journal of Economic and Business Administration, 220(4), p.67-76, Kobe University, Academic Society of Economics and Business Administration.
• Hoda, T., and Kubo, Y. (2019), “The Study on Impacts of Developing Child-Rearing Support Programs through Hometown Tax Donation: Case Study of Kamishihoro-cho, Hokkaido (in Japanese)”, Journal of Economic and Business Administration, 219(6), p.81-96, Kobe University, Academic Society of Economics and Business Administration.
• Hoda, T., and Kubo, Y. (2018), “Lending by Regional Financial Institutions Driven by Hometown Tax Donation and Ensuing Prospects for Intra-regional Industry-Government-Banking Collaboration”, Kobe University Discussion Paper Series, 2018-7, p.1-13, Kobe University, Graduate School of Business Administration.
• Hoda, Takaaki (2017), “The Effect of Hometown Tax on Business Development and Growth of Local Enterprises (in Japanese)”, Journal of Economic and Business Administration, 216(6), p.59-70, Kobe University, Academic Society of Economics and Business Administration.
• Miyajima, H., and Hoda, T. (2015), “Ownership Structure and Corporate Governance: Has an Increase in Institutional Investors’ Ownership Improved Business Performance?”, Public Policy Review, 11(3), p.361-393, Policy Research Institute, Ministry of Finance, Japan.
• Miyajima, H., Hoda, T., and Ogawa, R. (2015), “Does Ownership Really Matter? The Role of Foreign Investors in Corporate Governance in Japan”, RIETI Discussion Paper, 15-E-078, Ministry of Economy, Trade and Industry, Japan.
• Hoda, Takaaki (2014), “Success Factors of Fund Raising through Hometown Tax by Local Government (in Japanese)”, The Economic Review, 64(4), p.252-272, Otaru University of Commerce.
• Miyajima, H., and Hoda, T. (2012), “Understanding the Changing Ownership Structure of Japanese Firms: Investment Style of Foreign and Domestic Institutional Investors (in Japanese)”, FSA Discussion Paper, DP2011-11, p.1-64, Financial Services Agency, Japan.
• Hoda, Takaaki (2011), “Empirical Analysis of Private Placements of Equity in Japan (in Japanese)”, Japan Journal of Finance, 31(2), p.20-39, Japan Finance Association. (Refereed)
• Hoda, T., and Uno, J. (2011), “Liquidity, Ownership Structure, and Market Share Repurchases: Evidence from Japan”, SSRN-id1914152.
• Hoda, Takaaki (2011), “Long-Run Performance Following of Private Placements of Equity in Japan (in Japanese)”, The Economic Review, 62(2), p.167-183, Otaru University of Commerce.
• Hoda, Takaaki (2011), “Strategic Alternatives for Local Stock Exchange Markets (in Japanese)”, The Economic Review, 61(4), p.141-159, Otaru University of Commerce.
• Iwai, K., and Hoda, T. (2010), “Review of Previous Literatures on IPO (in Japanese)”, FSA Discussion Paper, DP2009-13, p.1-254, Financial Services Agency, Japan.

Books and Book Chapters

• Hoda, T., and Tanaka, S. (2019), “Corporate Finance: Strategies and Practices (in Japanese)”, Diamond Publishing, p.472.
• Adhikary, B, Kutsuna, K., and Hoda, T. (2018), “Crowdfunding: Lessons from Japan’s Approach”, Springer, P.116.
• Hoda, Takaaki (2018), “Collaborations among Private Sector, Public Sector, and Academia in Regional Development (in Japanese)”, in Best Practices of Regional Development through Collaboration between Private and Public Sectors, edited and published by Graduate School of Project Design, Ch.4.
• Hoda, T., and Yasui, T. (2017), “Theories and Practice of Hometown Tax in Japan (in Japanese)”, Graduate School of Project Design, p.1-58, p.73-208.
• Miyajima, H., Hoda, T., and Ogawa, R. (2017), “The Role of Foreign Investors in Corporate Governance in Japan and its Outcome”, in Corporate Governance and Firm Growth (in Japanese), edited by Miyajima, H., p.99-131, Toyo Keizai.
• Hoda, T., and Tanaka, S. (2013), “Basics of Accounting and Corporate Finance (in Japanese)”, Diamond Publishing, p.268.
• Hoda, Takaaki (2012), “Effect and Background of Mergers among Stock Exchange Markets (in Japanese)”, in Grand Design of Securities Markets, edited by Uno, J. and Osaki, S., p.89-95, Chuo Keizai.
• Iwai, K., and Hoda, T. (2011), “Change of Quality of Firms pre/post IPO (in Japanese)”, in New Industry Creation through VC Investment, edited by Kutsuna, K., p.224-249, Chuo Keizai.

Policy Reports and Practitioner-Oriented Publications

• Hoda, Takaaki (2017), “Effect of Hometown Tax on Creation of Regional Collaboration among Business, Government and Financial Institution (in Japanese)”, July-2017, Monthly Kinyu Journal, p.32-33, The Japan Financial News.
• Hoda, Takaaki (2017), “Business Incubation Effect by Hometown Tax: Potentials and Challenges (in Japanese)”, MS&AD Research Review, 19, p.52-61, MS&AD Insurance.
• Hoda, Takaaki (2015), “Effect of Hometown Tax on Regional Development (in Japanese)”, Business Management, 132, p.22-25, Suruga Bank.
• Hoda, Takaaki (2015), “Regional Development and Hometown Tax: Cases from Hokkaido (in Japanese)”, Personal Finance, 9(2), p.24-31, Yucho Foundation (Japan Post).

Activities

Academic Activities and Professional Services

• Committee Member, Regional Innovation Ecosystems, Ministry of Education, Culture, Sports, and Technology, Japan, 2013-present
• Board Member, Japan Academic Society for Ventures and Entrepreneurs, 2018-2019
• Chair, ICO/Local Token Research Unit for Osaka Regional Municipals, 2018
• Committee Member, Startup Support Program through Hometown Tax, Kobe City, 2017-2018
• Chair, Crowdfunding Research Unit for Osaka Regional Municipals, 2017
• Committee Member, Government Crowdfunding Support Program, Tokyo Metropolitan Government, 2017
• Research Member, Corporate Governance and Corporate Value Creation, Research Institute of Economy, Trade and Industry, Japan, 2013-2014

Teaching Areas

• Corporate Finance, Undergraduate and MBA Undergraduate and MBA
• Business Planning, Undergraduate and MBA
• Entrepreneur Finance, Graduate School and MBA
• Entrepreneurship, Undergraduate

On-Going Projects

• ICO / Local Token, Kobe City, Japan