Hiroyuki OKAMURO

Japanese version (official page) 

Graduate School of Economics,
Hitotsubashi University

last updated December 3, 2015


May 2015 with my students in front of the University Auditorium (in the center with a red shirt)



Graduate School of Economics
Hitotsubashi University
186-8601 Kunitachi Tokyo Japan
Phone: +81-(0)42-580-8792
Fax: +81-(0)42-580-8882
email: okamuro(at)econ.hit-u.ac.jp
* Please change (at) to @ if you send me an e-mail. 

Academic Degrees:

1984 Bachelor of Economics
    Department of Economics, Hitotsubashi University
1986 Master of Economics
    Graduate School of Economics, Hitotsubashi University
1992 Dr. rer. pol. (Ph.D. in Economics)
    Faculty of Law and Economics, University of Bonn, Germany
    (Supervisor: Prof. Horst Albach)

Teaching and Research Experience:

1993. 4 - 1998.12
Lecturer, Dept. of Economics, Hitotsubashi University
1996. 4 - 7
Visiting Research Fellow, Japan Centre,
University of Birmingham, Uk
1996. 8 - 1998. 3
Visiting Research Fellow, Science Center Berlin
(WZB: Wissenschaftszentrum Berlin, Germany
1999. 1-present
Associate Professor, Graduate School of Economics,
Hitotsubashi University
2011. 1 – 3
Visiting professor, University of Trento, Italy (Erasmus Mundus Program)
2011. 4 - 5
Visiting professor, Corvinus University, Hungary (Erasmus Mundus Program)
2011. 4 - present
Professor, Graduate School of Economics,Hitotsubashi University
(University Council member 2012-2013)
Since June 2011
Visiting research fellow at the National Institute of Science and Technology Policy (NISTEP) of the Ministry of Education, Culture, Sport, Science and Technology (MEXT)

Teaching Fields:

Industrial Organization (both undergraduate and graduate courses)
Introductory Economics
Basic Microeconomics
Introduction to EU studies (market structure and competition policy)
Economics of Small Businesses (donated by the Shokochukin Bank)


Current Research Interests:

Entrepreneurship and small business; innovation; clusters; R&D collaboration
Research Projects:
* National Projects
* 21st Century Center of Excellence (COE) Program "Normative Evaluation and Social Choice of Contemporary Economics Systems", funded by JSPS (subgroup leader for corporate and technology system research), 2003-2007.
* Global Center of Excellence (COE) Program "Research Unit for Statistical and Empirical Analysis in Social Sciences" (subgroup for micro analysis), 2008-2012.
* JSPS Grand-in-Aid Basic Research C (No. 13630135) "Strategic Alliances by Small Firms and their Performances" (project leader), 2001-2002. 
* JSPS Grand-in-Aid Basic Research C (No. 16530147) "Empirical Research on the Economics Effects of Inter-firm and University-Industry Cooperative R&D by Small Businesses" (project leader), 2004-2005. 
* JSPS Grand-in-Aid Basic Research A (No. 18203022) "Dynamic Analysis of Corporate Governance in Japan and East Asia" (project member), 2006-2008. 
* JSPS Grand-in-Aid Basic Research A (No. 20243018) "Quantitative and Qualitative Study on the Life Cycle and Innovation of R&D Intensive Firms" (project leader), 2008-2011. 
* JSPS Research Project of Empirical Social Sciences "Design of the Industrial and Financial Networks for Sustainable Development" (subgroup leader), 2008-2012. 
*JST-RISTEX Research Project “Institutional Design of Science, Technology and Innovation Policies and Complementary Policies” (subgroup leader), 2013-2015.
* JSPS Grand-in-Aid Basic Research B (No. 15H03342) “Evaluation and Design of Local Innovation Support Systems Based on Micro-econometric Analysis” (project leader), 2015-2017.

* International Projects
Volkswagen Foundation (Germany), "The Determinants, Organization, and Outcomes of University-Industry Interaction in Innovation Systems: A Comparison among Germany, the United States, Japan and South Korea", 2007-2011.

Publications (in English, since 2001):


"Risk Sharing in the Supplier Relationship: New Evidence from the Japanese Automotive Industry", Journal of Economic Behavior and Organization, 45-4, 2001, 361-381.
"Recent Changes in Japan's Small Business Sector and Subcontracting Relationship, " in: Asian Productivity Organization (APO) (ed.), Strengthening of Supporting Industries: Asian Experiences, APO, 2002, 40-53.
"Long-term effects of the bank-firm relationship on firm performance" (with Li, Jianping), Hitotsubashi Journal of Economics, 43-1, 2002, pp. 41-54.
"Evolution of the Supplier Network in the German Automotive Industry from the Prewar to Postwar Period: A Comparative Perspective with the Japanese Experience", Business and Economic History On-Line, Vol. 2, December 2004. 
"The Impact of Regional Factors on the Startup Ratio in Japan" (with Nobuo Kobayashi), Journal of Small Business Management, 44-2, 2006, 310-313. 
"Determinants of Successful R&D Cooperation of the Japanese Small Businesses: The Impact of Organizational and Contractual Characteristics," Research Policy 36, 2007, 1529-1544. 
"How Different Are the Regional Factors of High-tech and Low-tech Start-ups? Evidence from Japanese Manufacturing Industries", International Entrepreneurship and Management Journal 4, 2008, 199-215.
“An Inquiry into the Status and Nature of University-Industry Research Collaborations in Japan and Korea” (with M. Hemmert, L. Bstieler, and K. Ruth), Hitotsubashi Journal of Economics, 49-2, December 2008, 163-180. 
"Survival of New Firms in an Industry Agglomeration: An Empirical Analysis Using Telephone Directory of Tokyo in the 1980s", Business and Economic History On-Line, Vol. 6, January 2009. 
“Determinants of R&D Activities by Start-up Firms: Evidence from Japan”, in: J. E. Michaels and L. F. Piraro (eds.), Small Business: Innovation, Problems and Strategy , New York (Nova Science Publishers), 2009, 27-44.
“Shareholding by venture capitalists and R&D investment of start-up firms” (with J.X. Zhang), Corporate Ownership and Control 7, 2010, 142-149.
“R&D productivity and the organization of cluster policy: An empirical evaluation of the Industrial Cluster Project in Japan” (with J. Nishimura), Journal of Technology Transfer 36, 2010, 117-144.
“Does ownership matter in mergers? A comparative study of the causes and consequences of mergers by family and non-family firms” (with J.W. Shim), Journal of Banking and Finance 35, 2011, 193-203.
“Subsidy and networking: the effects of direct and indirect support programs in the cluster policy” (with J. Nishimura), Research Policy 40, 2011, 714-727.
“Determinants of R&D cooperation in Japanese start-ups” (with M. Kato and Y. Honjo), Research Policy 40, 2011, 728-738.
“Effects of regional human capital structure on business entry: a comparison of independent start-ups and new subsidiaries in different industries” (with Kenta Ikeuchi), in: M. Raposo, D. Smallbone, K. Balaton, and L. Hortovanyi (eds.), Entrepreneurship, Growth and Economic Development (Frontiers in European Entrepreneurship Research 23), 2011 , 118-153.
“Impact of university intellectual property policy on the performance of university-industry research collaboration” (with J. Nishimura), Journal of Technology Transfer , 2013, 273-301.
"R&D investment of start-up firms: does founders' human capital matter?," (with Y. Honjo and M. Kato), Small Business Economics 42, 2014, 207-220.
“Bridging the cultural divide: Trust formation in university-industry research collaborations in the US, Japan, and South Korea” (with M. Hemmert and L. Bstieler), Technovation 34, 2014, 605-616.
"Does founders’ human capital matter for innovation? Evidence from Japanese start-ups" (with M. Kato and Y. Honjo), Journal of Small Business Management 53, 2015, 114-128.
"Not just financial support? Another role of public subsidy in university-industry research collaborations" (with J. Nishimura), Economics of Innovation and New Technology,24, 2015, 633-659.
“Determinants of business and financial network formation by Japanese start-up firms: Does founder’s human
capital matter?” in T. Watanabe, I. Uesugi, and A. Ono (eds.), Economics of Interfirm Networks, Springer, 2015, Chapter 7.
"Local management of national cluster policies: Comparative case studies of Japanese, German, and French biotechnology clusters" (with J. Nishimura), Administrative Sciences 5, 2015, 213-239.
"Knowledge and rent spillovers through government-sponsored R&D consortia" (with J. Nishimura), forthcoming in Science and Public Policy.
"Understanding the drivers of 'Entrepreneurial' Economy: Lessons from Japan and the Netherlands," (with A. van Stel and I. Verheul), CCES discussion paper No. 36, Center for Research on Contemporary Economic Systems, Hitotsubashi University, September 2010, forthcoming in “Exploring the Entrepreneurial Society”, edited by J. Bonnet, M. Dejardin, D.G. Perez de Lema, Edward Elgar, Chapter 1.

Recent Discussion Papers (unpublished) and Works in Progress:

"Selling, passing on or closing? Determinants of entrepreneurial intentions on exit modes," (with M. Battisti), Global COE Hi-Stat Discussion Paper Series No. 151, Hitotsubashi University, October 2010.
"Work-life balance and gender differences in self-employment income during the start-up stage in Japan" (with K.Ikeuchi), Global COE Hi-Stat Discussion Paper Series No. 260, Hitotsubashi University, November 2012.
“R&D, innovation, and business performance of Japanese start-ups: A comparison with established firms” (with K. Ikeuchi), NISTEP Discussion Paper No. 104, December 2013.
“Determinants of quantitative and qualitative employment growth: A comparison between R&D-oriented and other start-ups in Japan“ (with M. Kato).
“Determinants of academic start-up’s orientation towards international business expansion“ (with S. Suzuki), CCES Discussion Paper No. 55, 2015, Graduate School of Economics, Hitotsubashi University.
“Governance and performance of publicly funded R&D consortia” (with J. Nishimura), CCES Discussion Paper No. 60, 2015, Graduate School of Economics, Hitotsubashi University.
“Internal and external discipline: The effect of project leadership and government monitoring on the performance of R&D consortia“ (with J. Nishimura).
“Whose business is your project? A comparative study of different support policy schemes for collaborative R&D projects in Japan” (with J. Nishimura).

Membership in Academic Associations:

Japanese Economic Association (JEA)
European Association for Research in Industrial Economics (EARIE)
Industrial Organization Society (IOS)
International Council for Small Business (ICSB): Vice president of the Japanese affiliate (JICSB) since 2012
Asian Council for Small Business (ACSB): Vice president since 2013
Japan Academy for Small Business Studies (JASBS): Vice president since 2013
Business History Society of Japan: Editorial board member since 2013
Forum for Entrepreneurial Studies: Board member since 2012, vice president since 2015

Editorship in International Academic Journals:

 Journal of Small Business Management (JSBM): Associate editor since 2013