Faculty information (degree and performance)
Faculty details
TSURUSAWA Makoto
TSURUSAWA Makoto
- Affiliation
- Faculty of Economics Department of International Commerce Graduate School Graduate School of Economics
- Position
- Professor
- Position
Researcher Information
Specialized fields
Corporate finance, banking system, settlement system
Courses in charge
Financial theory I and II, financial system theory, basic exercises, specialized exercises I and II, financial and economic research I and II
Educational background
Graduate School of Finance, Waseda University
Acquired degree
Master’s (Finance)
Affiliated Society
Japan Society of Monetary Economics, Japan Society of Finance, Japan Society of Finance, Japan Society of Management and Finance Research
Research Keywords
Current research themes
I am researching new financing methods for startups and venture companies from the perspective of promoting innovation. Research themes are also focused on trends in cashless payments and usage factors.
Major Research Results and Activities
・2013 Study Group on Financial and Fiscal Situation, co-authored "The Pathology and Prison of Financial Business: Perspective of Incentive Structure Redesign"
・2021 Nihon Keizai Shimbun, Inc. co-authored "Theory and Practice of Valuation"
・“Future Direction of Settlement Services Related Business” April 1995 The Japanese Bankers Association “Financial” No. 577, pp.40-49.
・“Big Bang and Banking Management” March 1998 The Japanese Bankers Association, “Financial” No. 612, pp.14-25.
・“Productivity and Issues of Capital Securities in Response to Basel Regulation” July 2017 Securities Analyst Journal, Vol. 55, No. 7, pp.52-63.
・“Analysis of New Equity Finance in Japan - Alternative Scheme for Increase in Share Options through Third-Party Allotment of Stock Acquisition Rights,” co-authored March 2019 Waseda International Management Research, No. 50, pp.27-62.
・“The Role of Social Capital in the Sharing Economy-Responding to the Problems of Information Asymmetry by Using Flea Market Apps through General Trust and Social Networks” March 2019, Showa Women's University Institute of Contemporary Business, 2018
・“New Finance Methods for Startup Companies: Finances that do not evaluate corporate value or produce information” March 2020 Waseda International Management Research, No. 51, pp.41-69.
・“Progress and Usage Factors of Cashless Payment Using Smartphones” March 2022, Showa Women's University Institute of Contemporary Business Bulletin FY2021
・“Analysis of the use of funds in MS warrants - Finance of R&D venture companies,” June 2023 Securities Economic Research No. 122, pp.83-98.
Class seminar
My seminar
Financial theory
In addition to cultivating the ability to explore and analyze research themes in a wide range of topics related to finance and finance, students will acquire practical skills in business. Through the practice of group work related to equity investment and corporate analysis, and training to conduct surveys according to each theme and conduct empirical analysis using data, we aim to understand the theoretical fundamentals of finance, organize our own ideas based on evidence, and provide easy-to-understand explanations to others.
Social Activities
Response to SDGs
Based on Japan's industrial analysis, we will discuss the development and development of industries, especially the role of technological innovation (innovation) in industrial development.