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Takeshi Nishikawa

Associate Professor

University of North Texas

Department of Finance, Insurance, Real Estate and Law

(940) 565-2511

Email: Takeshi.Nishikawa@unt.edu

Education

  • PhD, Texas Tech University, 2003
    Major: Business Administration
    Specialization: Finance
    Dissertation: Does wealth expropriation really exist in corporate decisions? Re-examination of stock repurchases
  • MS, Texas Tech University, 1998
    Major: Finance
    Specialization: Finance
  • BS, Georgia Southern University, 1995
    Major: Restaurant, Hotel, and Institutional Management
    Specialization: Restaurant, Hotel, and Institutional Management

Professional Positions

    Academic - Post-Secondary

  • Associate Professor, University of Colorado Denver. University of Colorado Denver. (2010 - 2018).
  • Assistant professor, St. John's University. St. John's University. (2004 - 2010).

Teaching

Teaching Experience

    University of North Texas

  • FINA 3770 - Finance, 14 courses.
  • FINA 4200 - Investments, 1 course.
  • FINA 4310 - Valuation and Financial Decisions, 1 course.
  • FINA 5170 - Financial Management, 2 courses.
  • FINA 5210 - Investment Analysis and Management, 4 courses.
  • FINA 6018 - Seminar in Econometrics Methods Applied in Financial Markets Research, 3 courses.
  • FINA 6940 - Individual Research, 1 course.
  • FINA 6950 - Doctoral Dissertation, 4 courses.

Teaching at Other Institutions

  • University of Colorado Denver, BUSN 6640 Financial Management, Spring 2018.
  • University of Colorado denver, XBUS 6620 Financial Strategy and Valuation, Spring 2018.
  • University of Colorado Denver, FNCE 3500 Management of Business Capital, Spring 2018.
  • University of Colorado Denver, FNCE 3500 Management of Business Capital, Fall 2017.

Directed Student Learning

  • Dissertation Committee Member, Accounting. (2023).
  • Dissertation Committee Co-Chair, Finance, Insurance, Real Estate and Law. (2022).
  • Dissertation Committee Member, Finance, Insurance, Real Estate and Law. (2022).
  • Dissertation Committee Co-Chair, "Corporate Environmental Litigations- Peer Effects and Its Relationship to Firm Environmental Social & Governance (ESG) Performance," Finance, Insurance, Real Estate and Law. (2021 - 2023).
  • Dissertation Committee Chair, Finance, Insurance, Real Estate and Law. (2020 - 2022).
  • Dissertation Committee Member, Finance, Insurance, Real Estate and Law. (2020 - 2021).
  • Dissertation Committee Member, Finance, Insurance, Real Estate and Law. (2018 - 2019).

Research

Published Intellectual Contributions

    Book Chapter

  • Nishikawa, T., Ferris, S.P., Kim, K.A., Kitsabunnarat, P. (2007). Managerial power in the design of executive compensation: Evidence from Japan. Advances in Financial Economics. 12 22. Bingley, UK, Emerald Group Publishing Company.

    • Journal Article

  • Rhodes, M.E., Nishikawa, T., Arnold, G.E. (2024). Debt Financing, the Pandemic, and Federal Reserve Interventions. Journal of Financial Research.
  • Nguyen, N., Gillan, S., Nishikawa, T. (2023). Heterogeneity in shareholder activism: Evidence from Japan. Pacific-Basin Finance Journal. 77 Elservier. https://www.sciencedirect.com/science/article/pii/S0927538X2200186X
  • Nishikawa, T., Adams, J.C., Rao, R.P. (2018). Mutual fund performance, management teams, and boards. Journal of Banking and Finance. 92 358-368. New York City, New York, Elsevier.
  • Nishikawa, T., Adams, J.C., Mansi, S. (2014). Affiliated agents, boards of directors, and mutual fund securities lending returns. Journal of Financial Research. 37 461-494. Hoboken, New Jersey, Wiley.
  • Nishikawa, T., Adams, J.C., Mansi, S. (2013). Public vs. Private Ownership, Board Structure, and Fund Manager Turnover. Financial Management. 42 127-154. Wiley,
  • Nishikawa, T., Nejadmalayeri, A., Rao, R.P. (2013). Sarbanes-Oxley Act and corporate credit spread. Journal of Banking and Finance. 37 2991-3006. New York City, New York, Elsevier.
  • Nishikawa, T., Adams, J.C., Mansi, S. (2012). Are mutual fund fees excessive? Evidence from index funds. Journal of Banking and Finance. 36 2245-2259. New York City, New York, Elsevier.
  • Nishikawa, T., Hayunga, D., Holowczak, R., Lung, P.P. (2012). Derivative traders reaction to mispricing in the underlying equity. Journal of Banking and Finance. 36 2438-2454. New York City, New York, Elsevier.
  • Nishikawa, T., Rao, R.P., Prevost, A.K. (2011). Bond market reaction to open market repurchases: Is there a wealth transfer effect?. Journal of Financial Research. 34 503-522. Wiley,
  • Nishikawa, T., Kang, J., Kim, K., Kitsabunnarat-Chatuthamard, P. (2011). The effects of bank relations on stock repurchases: Evidence from Japan. Journal of Financial Intermediation. 20 94-116.
  • Nishikawa, T., Adams, J.C., Mansi, S. (2010). Internal governance mechanisms and operational performance: Evidence from index mutual funds. Review Of Financial Studies. 23 1261-1286. Oxford, Oxford University Press.
  • Nishikawa, T., Lung, P.P., Kitsabunnarat-Chatjuthamard, P., Rao, R.P. (2010). Leverage reducing exchange offers and bondholder-stockholder wealth transfer: A re-examination. International Review of Economics & Finance. 19 81-94. New York City, New York, Elsevier.
  • Bauer, K., Nishikawa, T., Miles, L. (2009). The effect of mergers on credit union performance. Journal of Banking and Finance. 33 (12) New York City, New York, Elsevier.
  • Nishikawa, T., Martin, A., Williams, M. (2009). CEO gender: Effects on valuation and risk. Quarterly Journal of Finance and Accounting. 48 (3) 23-40. Omaha, Nebraska, Creighton University.
  • Nishikawa, T., Akhigbe, A., Martin, A. (2009). Changes in risk of foreign firms listed in the U.S. following Sarbanes-Oxley. Journal of Multinational Financial Management. 19 (3) 193-205. New York City, New York, Elsevier.
  • Nishikawa, T., Lung, P.P. (2005). The implied exchange rates derived from option premium: A test of the currency option boundary approach on JPY. Review of Futures Markets. 14 32. Kent, Ohio, Kent State University.

Presentations Given

    Paper

  • Nishikawa, T. (Author), Cui, Y. (Author & Presenter), Li, J. (Author), FMA Annual meeting, Social Capital and Executives Pay Inequality: Evidence from U.S. Public Firms, Financial Management International, Chicago, United States of America. (2023 - 2023).
  • Rhodes, M.E. (Author & Presenter), Nishikawa, T. (Author), Arnold, G.E. (Author), 2022 FMA Annual Conference, The Federal Reserve’s Corporate Credit Facilities and Debt Financing, Financial Management Association, Atlanta, Georgia, United States of America. (2022).
  • Nishikawa, T. (Author & Presenter), Nguyen, N.Q. (Author), Gillan, S.L. (Author), 2022 FMA Annual Conference, Heterogeneity in shareholder activism: Evidence from Japan, Financial Management Association, Virtual, United States of America. (2022 - 2022).
  • Nishikawa, T. (Author), Javadi, S. (Author), Chuluun, T. (Author & Presenter), Prevost, A. (Author), 2022 FMA Annual Conference, Corporate Long_termism: Looking toward an (un)certain Future, Financial Management Association, Atlanta Gergia, United States of America. (2022 - 2022).
  • Nguyen, N. (Author & Presenter), Gillan, S. (Author), Nishikawa (Author), JFA-PBFJ Special Issue Conference, Heterogeneity in Shareholder Activism: Evidence from Japan, Japan. (2022 - 2022).
  • Nishikawa, T. (Author), Prevost, A. (Author & Presenter), Nanda, V. (Author), Boca Corporate Finance and Governance Conference, Compensation Consultants, Managerial Incentives, and the Disappearing Union Effect, United States of America. (2021 - 2021).
  • Nishikawa, T. (Author & Presenter), Prevost, A. (Author), Nanda, V. (Author), Financial Management International Association, Compensation Consultants, CEO Pay, and Disappearing Union Effects, Financial Management International Association, Denver Colorado, United States of America. (2021 - 2021).
  • Nishikawa, T. (Author), Prevost, A.K. (Author), Chuluun, T. (Author), Javadi, S. (Author), Financial Management Association Meeting 2020 Virtual, Future orientation and uncertain tone: Evidence from corporate disclosure, Financial Management Association, Virtual, United States of America. (2020 - 2020).
  • Nishikawa, T. (Author), Prevost, A.K. (Author & Presenter), King, T.D. (Author), Financial Management Association Meeting, The impact of organized labor on CEO inside debt: Strategic substitution or incentive alignment?, Financial Management Association, United States of America. (2017 - 2017).

Service

University Service

  • Committee Member, Doctoral Program. (September 2023 - Present).
  • Committee Member, Personal Affairs and Promotion & Tenure Committee. (September 2023 - Present).
  • Faculty Advisor, Ph.D. program advisor. (September 2023 - Present).
  • Committee Member, Task force on journal list. (2022 - Present).
  • Member, Finance Doctoral Program Committee. (October 19, 2018 - Present).
  • Faculty Advisor, MS in Finance program. (August 2019 - June 2023).
  • Committee Member, Personal Affairs and Promotion & Tenure Committee. (August 30, 2018 - 2022).
  • Chairperson, Recruiting Committee. (October 2021 - December 2021).
  • Member, Recruiting Committee. (September 2020 - December 2020).
  • Other (To provide an input/comment to department chair), Reviewer for MS program. (October 1, 2018 - October 31, 2018).

Professional Service

  • Reviewer, Ad Hoc Reviewer, Corporate Social responsibility and Environmental Management. (2021 - Present).
  • Reviewer, Ad Hoc Reviewer, Finance Research Letters. (June 2020 - Present).
  • Reviewer, Ad Hoc Reviewer, Accounting Research Journal. (April 2020 - Present).
  • Reviewer, Ad Hoc Reviewer, Accounting Research Journal. (2019 - Present).
  • Reviewer, Ad Hoc Reviewer, International Review of Economics and Finance. (2019 - Present).
  • Reviewer, Ad Hoc Reviewer, North American Journal of Economics and Finance. (2018 - Present).
  • Reviewer, Ad Hoc Reviewer, Journal of Banking and Finance. (2010 - Present).
  • Reviewer, Ad Hoc Reviewer, Managerial Finance. (2010 - Present).
  • Board of Directors, Southwestern Finance Association. (August 2020 - March 2022).
  • Session Chair, Financial Management International. Denver, Colorado. (October 22, 2021 - October 22, 2021).
  • Reviewer, Ad Hoc Reviewer, Review of Industrial Organization. (2018 - 2018).
  • Reviewer, Ad Hoc Reviewer, The British Accounting Review. (2018 - 2018).