YAMORI Nobuyoshi

YAMORI Nobuyoshi

YAMORI Nobuyoshi

Faculty Fellow

Professor, Research Institute for Economics and Business Administration, Kobe University

Activities at RIETI


Empirical Research on the Japanese Financial System

Research Projects


1996 Ph.D. in Economics, Nagoya University
1988 MA in Economics, Kobe University
1986 BA in Economics, Shiga University


2014 - Present, Professor, Kobe University
2012 Visiting Professor, University of Auckland
2004 Professor, Nagoya University
1999 - 2000 Visiting Scholar, Federal Reserve Bank of San Francisco
1996 Associate Professor, Nagoya University
1995 Assistant Professor, Nagoya University
1994 Associate Professor, Himeji Dokkyo University
1990 - 1991 Visiting Scholar, Columbia University
1990 Assistant Professor, Himeji Dokkyo University
1989 Research Associate, Himeji Dokkyo University

Selected Publications and Papers

Papers Published in Refereed Journals
"Corporate governance structure and efficiencies of cooperative banks," International Journal of Finance and Economics 22, 2017.

"The efficiency of Japanese financial cooperatives: An application of parametric distance functions," Journal of Economics and Business 94, 2017.

"Regional economic development, strategic investors, and efficiency of Chinese city commercial banks," Journal of Banking and Finance 37, 2013.

"Loan officers and relationship lending to SMEs" Journal of Financial Intermediation 21, 2012.

"Asset Price Persistence and Real Estate Market Illiquidity: Evidence from Japanese Land Values" Real Estate Economics 38(2), 2010.

"Wealth Effect of Public Funds Injections to Ailing Banks; Do Deferred Tax Assets and Auditing Firms Matter?" Japanese Economic Review 58(4) 2007.

"Market Price Accounting and Depositor Discipline in Japanese Regional Banks," Journal of Banking and Finance 31 2007.

"The Impact of Japan's Financial Stabilization Laws on Bank Equity Values," Journal of Japanese and International Economies 17, 2003.

"Does bank relationship have an economic value? The effect of main bank failure on client firms," Economics Letters 65, 1999.

"Stock Market Reaction to the Bank Liquidation in Japan: A Case for the Informational Effect Hypothesis," Journal of Financial Services Research 15(1), 1999.

"A note on the location choice of multinational banks: The case of Japanese financial institutions," Journal of Banking and Finance 22, 1998.

"The relationship between domestic savings and investment: The Feldstein=Horioka test using Japanese regional data," Economics Letters 48, 1995.


Member of Financial System Council, Financial Services Agency since 2011