Basic Information

Email Address

• Email Address

  kanamura.takashi.3ukyoto-u.ac.jp

Academic Degree

• Master of Engineering(Kyoto University)
• MBA(Hitotsubashi University)
• Ph.D. in Finance(Hitotsubashi University)

Academic Resume (Undergraduate School/Majors)

• Kyoto University, Faculty of Agriculture, 卒業

Research History

• Kyoto University

Language of Instruction

• English
• Japanese

ID,URL

• J-Global ID

  201401076669868400

researchmap URL

• https://researchmap.jp/7000008090

Research

Research Topics, Overview of the research

• Research Topics

  His research interests cover commodity finance, energy finance, sustainable finance, risk management, asset pricing, real options, weather derivatives, ESG investing, electricity markets, and carbon markets.

• Overview of the research

  Based on the theory of finance, I conduct research to solve global issues in commodity markets, energy markets, carbon markets and sustainable investment. Specifically, in addition to the research on energy and carbon market risk management, I am interested in research on the effectiveness of sustainable finance such as clean energy investment, green bond and ESG investment.

Research Areas

• Humanities & social sciences, Money and finance

Papers

• A quantitative model of sustainability risk in finance

  Takashi Kanamura

  Journal of Commodity Markets, Mar. 2025, Peer-reviewed

  
• Risk valuations and investment strategies of wave power generation in the ocean and marginal sea

  Keiji Sakakibara; Takashi Kanamura

  Development and Sustainability in Economics and Finance, Jan. 2025, Peer-reviewed

  
• Stochastic behavior of green bond premiums

  Takashi Kanamura

  International Review of Financial Analysis, Dec. 2024, Peer-reviewed

  
• Portfolio diversification and sustainable assets from new perspectives

  Takashi Kanamura

  Journal of Asset Management, Nov. 2023, Peer-reviewed

  
• A difference in COVID-19 impact on bank stocks between Japan and the US

  Takashi Kanamura

  SN Business & Economics, Jun. 2023, Peer-reviewed

  
• An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks

  Takashi Kanamura

  Financial Innovation, 08 May 2023, Peer-reviewed

  
• Electricity price spike formation and LNG price effect under gross bidding scheme in JEPX

  Rassi Samin; Takashi Kanamura

  Energy Policy, Apr. 2023, Peer-reviewed

  
• Clean energy and (E)SG investing from energy and environmental linkages

  Takashi Kanamura

  Environment, Development and Sustainability, 03 Aug. 2022, Peer-reviewed

  
• Role of crude oil futures in financial portfolios under financialization

  Takashi Kanamura

  The Journal of Alternative Investments, 02 Mar. 2022, Peer-reviewed

  
• Market making and electricity price formation in Japan

  Takashi Kanamura; Derek W. Bunn

  Energy Economics, Mar. 2022, Peer-reviewed

  
• Pricing analysis of wind power derivatives for renewable energy risk management

  Takashi Kanamura; Lasse Homann; Marcel Prokopczuk

  Applied Energy, Dec. 2021, Peer-reviewed

  
• Timing differences in the impact of Covid-19 on price volatility between assets

  Takashi Kanamura

  Finance Research Letters, Sep. 2021, Peer-reviewed

  
• Risk mitigation and return resilience for high yield bond ETFs with ESG components

  Takashi Kanamura

  Finance Research Letters, Nov. 2020, Peer-reviewed

  
• Risk of temperature differences in geothermal wells and generation strategies of geothermal power

  Keiji Sakakibara; Takashi Kanamura

  Green Finance, Nov. 2020, Peer-reviewed

  
• Volumetric risk hedging strategies and basis risk premium for solar power

  Takashi Kanamura

  The Journal of Alternative Investments, 05 May 2020, Peer-reviewed

  
• Are green bonds environmentally friendly and good performing assets?

  Takashi Kanamura

  Energy Economics, May 2020, Peer-reviewed

  
• A model of price correlations between clean energy indices and energy commodities

  Takashi Kanamura

  Journal of Sustainable Finance and Investment, 2020, Peer-reviewed

  
• Examining risk and return profiles of renewable energy investment in developing countries: the case of the Philippines

  Phoebe Grace Saculsan; Takashi Kanamura

  Green Finance, 2020, Peer-reviewed

  
• Supply-side perspective for carbon pricing

  Takashi Kanamura

  Quantitative Finance and Economics, Mar. 2019, Peer-reviewed

  
• Diversification effect of commodity futures on financial markets

  Takashi Kanamura

  Quantitative Finance and Economics, Oct. 2018, Peer-reviewed

  
• An operational risk-based regime-switching model for stock prices

  Takashi Kanamura

  Journal of Operational Risk, 01 Sep. 2017, Peer-reviewed

  
• Role of carbon swap trading and energy prices in price correlations and volatilities between carbon markets

  Takashi Kanamura

  Energy Economics, Feb. 2016, Peer-reviewed

  
• The role of incompleteness in commodity futures markets

  Takashi Kanamura

  Frontiers in Applied Mathematics and Statistics (Mathematical Finance)/Frontiers, Oct. 2015, Peer-reviewed

  
• A Supply-and-Demand Based Price Model for Financial Assets

  Takashi Kanamura

  The Journal of Investment Strategies, Mar. 2015, Peer-reviewed

  
• Dynamic price linkage and volatility structure model between carbon markets

  Takashi Kanamura

  Springer Proceedings in Mathematics and Statistics, 2015, Peer-reviewed

  
• A Structural Linkage Model for Freight Rates

  Takashi Kanamura

  The Journal of Energy Markets, Sep. 2014, Peer-reviewed

  
• Financial turmoil in carbon markets

  Takashi Kanamura

  Journal of Alternative Investments, Dec. 2013, Peer-reviewed

  
• Comparison of futures pricing models for carbon assets and traditional energy commodities

  Takashi Kanamura

  Journal of Alternative Investments, Dec. 2012, Peer-reviewed

  
• A profit model for spread trading with an application to energy futures

  Takashi Kanamura; Svetlozar T Rachev; Frank J Fabozzi

  The Journal of Trading, 2010, Peer-reviewed

  
• A supply and demand based volatility model for energy prices

  Takashi Kanamura

  ENERGY ECONOMICS, Sep. 2009, Peer-reviewed

  
• Pricing summer day options by good-deal bounds

  Takashi Kanamura; Kazuhiko Ohashi

  ENERGY ECONOMICS, Mar. 2009, Peer-reviewed

  
• Monitoring the upsurge of biofuels in commodity futures markets

  Takashi Kanamura

  The ICFAI Journal of Derivatives Markets, Jan. 2009, Peer-reviewed, Invited

  
• Modeling, risk assessment and portfolio optimization of energy futures

  Almira Biglova; Takashi Kanamura; Svetlozar T. Rachev; Stoyan Stoyanov

  Investment Management and Financial Innovations, May 2008, Peer-reviewed

  
• On transition probabilities of regime switching in electricity prices

  Takashi Kanamura; Kazuhiko Ohashi

  ENERGY ECONOMICS, May 2008, Peer-reviewed

  
• A structural model for electricity prices with spikes: Measurement of spike risk and optimal policies for hydropower plant operation

  Takashi Kanamura; Kazuhiko Ohashi

  ENERGY ECONOMICS, Sep. 2007, Peer-reviewed

  
• 天候デリバティブによる電力会社のリスク管理

  大橋 和彦; 金村 宗

  先物取引研究, Dec. 2006

  
• Wind-induced vibration of cables of cable-stayed bridges

  M Matsumoto; Y Daito; T Kanamura; Y Shigemura; S Sakuma; H Ishizaki

  JOURNAL OF WIND ENGINEERING AND INDUSTRIAL AERODYNAMICS, Apr. 1998, Peer-reviewed

  
• Response Characteristics of Cables of Cable-Stayed Bridges with Various Structural Damping and Shape

  SHIGEMURA Yoshinori; MATSUMOTO Masaru; SHIRATO Hiromichi; DITO Yoshiyuki; KANAMURA Takashi

  JWE : 日本風工学研究会誌, 30 Apr. 1997

  
• The study of Aerodynamics of the elastic cable

  DAITO Yoshiyuki; MATSUMOTO Masaru; SHIRATO Hiromichi; KANAMURA Takashi

  JWE : 日本風工学研究会誌, 30 Apr. 1997

  
• WIND-INDUCED BEHAVIOUR OF CABLES OF CABLE-STAYED BRIDGE AND ITS WAVELET ANALYSIS

  MATSUMOTO Masaru; KANAMURA Takashi; DAITO Yoshiyuki; SAKUMA Satoru; INOUE Hiroo

  風工学シンポジウム論文集, Dec. 1996, Peer-reviewed

  

Misc.

• Market Risk, Credit Risk, and Futures Trading in Commodity Markets

  Takashi Kanamura

  EUROPEAN FINANCIAL MANAGEMENT ASSOCIATION 2013 Annual Conference, Jun. 2013, Peer-reviewed

  
• Cable aerodynamics of stay-cables of cable-stayed bridges

  M Matsumoto; Y Shigemura; H Shirato; T Kanamura; Y Daito

  STRUCTURAL SAFETY AND RELIABILITY, VOLS. 1-3, 1998, Peer-reviewed

  

Books and Other Publications

• Handbook of Energy Economics and Policy 1st Edition: Fundamentals and Applications for Engineers and Energy Planners

  Takashi Kanamura, Contributor, CHAPTER 7 Carbon Market Analysis and Risk Management

  Academic Press, May 2021

  
• A Supply and Demand Based Energy Pricing Model (In Marcel Prokopczuk, ed.: Energy Pricing Models: Recent Advances, Methods, and Tools)

  Takashi Kanamura, Contributor

  Palgrave Macmillan, Dec. 2014, Not refereed

  

Education

Teaching subject(s)

• From 01 Apr. 2024, To 31 Mar. 2025

  ILAS Seminar

  Z001, Spring, Institute for Liberal Arts and Sciences, 2
• From 01 Apr. 2024, To 31 Mar. 2025

  Introduction to Human Survivability Studies II

  Y409, Fall, Institute for Liberal Arts and Sciences, 2
• From 01 Apr. 2024, To 31 Mar. 2025

  Juku-giA

  5003, Spring, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2024, To 31 Mar. 2025

  Risk Management

  4030, Fall, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2024, To 31 Mar. 2025

  Energy Finance

  4029, Spring, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2024, To 31 Mar. 2025

  Juku-giB

  5004, Fall, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2024, To 31 Mar. 2025

  Introduction to Advanced and Integrated Studies in Human Survivability

  1001, Spring, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2023, To 31 Mar. 2024

  ILAS Seminar

  Z001, Spring, Institute for Liberal Arts and Sciences, 2
• From 01 Apr. 2023, To 31 Mar. 2024

  Juku-giB

  5004, Fall, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2023, To 31 Mar. 2024

  Juku-giA

  5003, Spring, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2023, To 31 Mar. 2024

  Risk Management

  4030, Fall, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2023, To 31 Mar. 2024

  Energy Finance

  4029, Spring, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2023, To 31 Mar. 2024

  Introduction to Advanced and Integrated Studies in Human Survivability

  1001, Spring, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2022, To 31 Mar. 2023

  ILAS Seminar

  Z001, Spring, Institute for Liberal Arts and Sciences, 2
• From 01 Apr. 2022, To 31 Mar. 2023

  Risk Management

  4030, Fall, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2022, To 31 Mar. 2023

  Juku-giB

  5004, Fall, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2022, To 31 Mar. 2023

  Energy Finance

  4029, Spring, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2022, To 31 Mar. 2023

  Introduction to Advanced and Integrated Studies in Human Survivability

  1001, Spring, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From 01 Apr. 2022, To 31 Mar. 2023

  Juku-giA

  5003, Spring, Graduate School of Advanced Integrated Studies in Human Survivability, 2
• From Apr. 2015, To Mar. 2016

  Science for Solving Global Issues

  Spring, 全学共通科目
• From Apr. 2015, To Mar. 2016

  Energy Finance

  Spring, 総合生存学館
• From Apr. 2015, To Mar. 2016

  Risk Management

  Fall, 総合生存学館
• From Apr. 2016, To Mar. 2017

  ILAS Seminar

  Spring, 全学共通科目
• From Apr. 2016, To Mar. 2017

  Special Research Seminar I

  Year-long, 総合生存学館
• From Apr. 2016, To Mar. 2017

  Special lectures and discussion for leadership (Juku-gi)II

  Year-long, 総合生存学館
• From Apr. 2016, To Mar. 2017

  Special lectures and discussion for leadership (Juku-gi)I

  Year-long, 総合生存学館
• From Apr. 2016, To Mar. 2017

  Energy Finance

  Spring, 総合生存学館
• From Apr. 2016, To Mar. 2017

  Risk Management

  Fall, 総合生存学館
• From Apr. 2017, To Mar. 2018

  ILAS Seminar

  Spring, 全学共通科目
• From Apr. 2017, To Mar. 2018

  Special Research Seminar I

  Year-long, 総合生存学館
• From Apr. 2017, To Mar. 2018

  Special lectures and discussion for leadership (Juku-gi)II

  Year-long, 総合生存学館
• From Apr. 2017, To Mar. 2018

  Special lectures and discussion for leadership (Juku-gi)I

  Year-long, 総合生存学館
• From Apr. 2017, To Mar. 2018

  Energy Finance

  Spring, 総合生存学館
• From Apr. 2017, To Mar. 2018

  Risk Management

  Fall, 総合生存学館
• From Apr. 2018, To Mar. 2019

  ILAS Seminar

  Spring, 全学共通科目
• From Apr. 2018, To Mar. 2019

  Juku-giA

  Spring, 総合生存学館
• From Apr. 2018, To Mar. 2019

  Juku-giB

  Fall, 総合生存学館
• From Apr. 2018, To Mar. 2019

  Special lectures and discussion for leadership (Juku-gi)II

  Year-long, 総合生存学館
• From Apr. 2018, To Mar. 2019

  Introduction to Advanced and Integrated Studies in Human Survivability

  Spring, 総合生存学館
• From Apr. 2018, To Mar. 2019

  Energy Finance

  Spring, 総合生存学館
• From Apr. 2018, To Mar. 2019

  Risk Management

  Fall, 総合生存学館
• From Apr. 2019, To Mar. 2020

  ILAS Seminar

  Spring, 全学共通科目
• From Apr. 2019, To Mar. 2020

  Juku-giA

  Spring, 総合生存学館
• From Apr. 2019, To Mar. 2020

  Juku-giB

  Fall, 総合生存学館
• From Apr. 2019, To Mar. 2020

  Special lectures and discussion for leadership (Juku-gi)II

  Year-long, 総合生存学館
• From Apr. 2019, To Mar. 2020

  Introduction to Advanced and Integrated Studies in Human Survivability

  Spring, 総合生存学館
• From Apr. 2019, To Mar. 2020

  Energy Finance

  Spring, 総合生存学館
• From Apr. 2019, To Mar. 2020

  Risk Management

  Fall, 総合生存学館
• From Apr. 2020, To Mar. 2021

  ILAS Seminar :Sustainable Finance

  Spring, 全学共通科目
• From Apr. 2020, To Mar. 2021

  Juku-giA

  Spring, 総合生存学館
• From Apr. 2020, To Mar. 2021

  Juku-giB

  Fall, 総合生存学館
• From Apr. 2020, To Mar. 2021

  Special lectures and discussion for leadership (Juku-gi)II

  Year-long, 総合生存学館
• From Apr. 2020, To Mar. 2021

  Introduction to Advanced and Integrated Studies in Human Survivability

  Spring, 総合生存学館
• From Apr. 2020, To Mar. 2021

  Energy Finance

  Spring, 総合生存学館
• From Apr. 2020, To Mar. 2021

  Risk Management

  Fall, 総合生存学館
• From Apr. 2021, To Mar. 2022

  ILAS Seminar :Sustainable Finance

  Spring, 全学共通科目
• From Apr. 2021, To Mar. 2022

  Juku-giA

  Spring, 総合生存学館
• From Apr. 2021, To Mar. 2022

  Juku-giB

  Fall, 総合生存学館
• From Apr. 2021, To Mar. 2022

  Introduction to Advanced and Integrated Studies in Human Survivability

  Spring, 総合生存学館
• From Apr. 2021, To Mar. 2022

  Energy Finance

  Spring, 総合生存学館
• From Apr. 2021, To Mar. 2022

  Risk Management

  Fall, 総合生存学館

Participation in PhD Defense

• Quantitative Risk Valuations and Investment Strategies of Renewable Energy under Uncertainty

  SAKAKIBARA KEIJI, Graduate School of Advanced Integrated Studies in Human Survivability, Chief Examiner

  25 Mar. 2024
• From Adaptations to Creating Resilience for Disasters: A Case Study of Water-Related Disaster-Prone Area Ratnapura City in Sri Lanka

  TSUCHIDA RYO, Graduate School of Advanced Integrated Studies in Human Survivability, Chief Examiner

  25 Sep. 2023

Administration

School management (title, position)

• From 01 Apr. 2023, To 31 Mar. 2025

  京都大学教務事務電算管理運営委員会 委員
• From 01 Oct. 2014

  点検・評価実行委員会 委員
• From 01 Oct. 2014

  大学評価委員会点検・評価実行委員会 委員
• From 01 Apr. 2016, To 31 Mar. 2017

  教職教育委員会教職科目連絡小委員会 委員
• From 01 Oct. 2014, To 31 Mar. 2018

  大学評価委員会点検・評価実行委員会 委員
• From 01 Apr. 2019, To 31 Mar. 2021

  学生総合支援センター管理運営委員会 委員
• From 01 Apr. 2019, To 31 Mar. 2020

  教職教育委員会教職科目連絡小委員会 委員
• From 01 Oct. 2018

  国際教育委員会企画運営委員会USRN小委員会 委員
• From 01 Apr. 2019, To 31 Mar. 2020

  京都大学教職教育委員会教職科目連絡小委員会 委員
• From 01 Apr. 2021, To 31 Mar. 2023

  京都大学教務事務電算管理運営委員会 委員

Faculty management (title, position)

• From 01 Apr. 2024, To 31 Mar. 2025

  総合生存学館思修館プログラム委員会委員
• From 01 Apr. 2024, To 31 Mar. 2025

  総合生存学館自己点検・評価委員会委員
• From 01 Apr. 2023, To 31 Mar. 2024

  総合生存学館入試委員会委員
• From 01 Apr. 2023, To 31 Mar. 2024

  総合生存学館企画委員会委員
• From 01 Apr. 2023, To 31 Mar. 2024

  総合生存学館財務委員会委員
• From 01 Apr. 2023, To 31 Mar. 2024

  総合生存学館教務委員会副委員長
• From 01 Apr. 2023, To 31 Mar. 2024

  総合生存学館将来計画委員会委員
• From 01 Apr. 2022, To 31 Mar. 2023

  総合生存学館将来計画委員会委員
• From 01 Apr. 2022, To 31 Mar. 2023

  総合生存学館教務委員会副委員長
• From 01 Apr. 2021, To 31 Mar. 2023

  総合生存学館自己点検・評価委員会委員
• From 01 Apr. 2021, To 31 Mar. 2022

  総合生存学館教務委員会委員長
• From 01 Apr. 2020, To 31 Mar. 2023

  総合生存学館財務委員会副委員長
• From 01 Apr. 2020, To 31 Mar. 2023

  総合生存学館企画委員会委員
• From 01 Apr. 2019, To 31 Mar. 2023

  総合生存学館入試委員会委員
• From 01 Apr. 2017, To 31 Mar. 2023

  総合生存学館思修館プログラム委員会委員
• From 01 Apr. 2019, To 31 Mar. 2021

  総合生存学館教務委員会委員
• From 01 Apr. 2019, To 31 Mar. 2020

  総合生存学館自己点検・評価委員会副委員長
• From 01 Apr. 2019, To 31 Mar. 2020

  総合生存学館国際委員会委員
• From 01 Apr. 2019, To 31 Mar. 2020

  吉田南総合図書館運営委員会委員
• From 01 Apr. 2017, To 31 Mar. 2020

  総合生存学館財務委員会委員
• From 01 Apr. 2018, To 31 Mar. 2019

  総合生存学館企画委員会委員
• From 01 Apr. 2018, To 31 Mar. 2019

  総合生存学館入試委員会副委員長
• From 01 Apr. 2017, To 31 Mar. 2019

  総合生存学館教務委員会副委員長
• From 01 Apr. 2017, To 31 Mar. 2018

  総合生存学館入試委員会委員
• From 01 Apr. 2017, To 31 Mar. 2018

  総合生存学館ELP運営委員会委員
• From 01 Apr. 2020

  吉田南総合図書館協議会協議員

Academic, Social Contribution

Committee Memberships

• From Mar. 2025, To Present

  Humanities and Social Sciences Communications (Nature Portfolio) Editorial Board Member
• From Nov. 2022, To Present

  Management ＆ Marketing (Sciendo, the De Gruyter Group) Associate Editor
• From Jan. 2018, To Present

  Energy Sources, Part B: Economics, Planning, and Policy (Taylor &Francis) Editorial Advisory Board Member
• From Apr. 2015, To Present

  Journal of Energy Markets (Incisive Media) Associate Editor
• From Nov. 2024, To Present

  International Review of Financial Analysis (Elsevier) Associate Editor
• From May 2015, To Present

  Journal of Commodity Markets (Elsevier) Associate Editor
• From Jun. 2023, To Present

  環境審議会委員, 京都府