YAMORI, Nobuyoshi

YAMORI, NobuyoshiAs of Apr 2024

Professor, Institute of Economics and Business Administration, Kobe University and Director, Center for the Promotion of Regional Co-Creation Research, Kobe University

Educational background

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


  • 1989-1990 Research Associate, Himeji Dokkyo University
  • 1990-94 Assistant Professor, Himeji Dokkyo University
  • 1994-95 Associate Professor, Himeji Dokkyo University
  • 1995-96 Assistant Professor, Nagoya University
  • 1996-2004 Associate Professor, Nagoya University
  • 2004-2014, Professor, Nagoya University
  • 2014-Present, Professor, Kobe University
  • 2016-2021, Vice-Director, Research Institute for Economics and Business Administration, Kobe University
  • 2021-Present, Dean, Research Institute for Economics and Business Administration, Kobe University

Journal Articles and Papers

  • Yamori, N., "The relationship between domestic savings and investment: The Feldstein=Horioka test using Japanese regional data," June 1995, Economics Letters 48, 361-366.
  • Yamori, N., "A note on the location choice of multinational banks: The case of Japanese financial institutions," Journal of Banking and Finance 22, January 1998, 109-120.
  • Yamori,N., and Keishin Murakami, "Does bank relationship have an economic value? The effect of main bank failure on client firms"  Economics Letters 65, October 1999, 115-120.
  • Yamori, N. and Takeshi Kobayashi "Do Japanese Insurers Benefit from a Catastrophic Event? Market Reaction to the 1995 Hanshin-Awaji Earthquake" Journal of Japanese and International Economies 16, March 2002 pp.92-108.
  • Mark Spiegel and Nobuyoshi Yamori, "The Evolution of Bank Resolution Policies in Japan: Evidence from Market Equity Values" Journal of Financial Research 27 (1), March 2004, pp.115-132.
  • Mark Spiegel and Nobuyoshi Yamori, "Market Price Accounting and Depositor Discipline in Japanese Regional Banks," Journal of Banking and Finance 31 2007 pp.769-786.
  • Jianjun Sun and Nobuyoshi Yamori, "Regional disparities and investment-cash flow sensitivity: Evidence from Chinese listed firms." Pacific Economic Review 14, 2009, pp.657-667.
  • John Krainer, Mark Spiegel, and N. Yamori "Asset Price Persistence and Real Estate Market Illiquidity: Evidence from Japanese Land Values" Real Estate Economics 38(2), pp.171-196 Summer 2010.
  • Hirofumi Uchida, Gregory F. Udell and Nobuyoshi Yamori, "Loan officers and relationship lending to SMEs" Journal of Financial Intermediation 21, pp.97-122, 2012.
  • Jianjun Sun, Kozo Harimaya and Nobuyoshi Yamori, "Regional economic development, strategic investors, and efficiency of Chinese city commercial banks," Journal of Banking and Finance 37, pp1602-1611, 2013.
  • Yamori, N., Kozo Harimaya, and Kei Tomimura, "The efficiency of Japanese financial cooperatives: An application of parametric distance functions," Journal of Economics and Business 94, November-December 2017, pp. 43-53


  • *Prizes
  • Excellent Book Prize, Commerce and Industry General Institute, 2005.
  • Excellence Research Prize, Kanpo Cultural Foundation, 2005.
  • Excellence Research Prize, Japan Academic Society for Financial Planning. 2015

Research Projects & Papers

  • MORIYA, Takashi

    Cooperating with Asian human resources

    Research Projects

    Research Project » 2021FiscalYear » Asia-Pacific

    AUTHOR : 
    MORIYA, Takashi


    Research leader:

    Takashi MORIYA, Professor, College of Business Administration, Ritsumeikan University


    Research outline:

    This research focuses on Asian human resources of different nationalities (India, Vietnam, Singapore, etc.). Following the example of previous initiatives implemented overseas and in Japan, we will conduct a survey which will allow us to make recommendations for Japanese companies on how to improve their capacity to attract and cooperate with Asian talent.

  • YAMORI, Nobuyoshi

    Challenges in supporting businesses by Kansai’s regional financial institutions: The Role of regional finances in the post-pandemic era

    Research Projects

    Research Project » 2021FiscalYear » Japan and Kansai economy

    AUTHOR : 
    YAMORI, Nobuyoshi


    Research leader:

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


    Research outline:

    Small and medium-sized businesses, which rely on the regional financial system, were particularly affected by the COVID-19 pandemic. Under these circumstances, regional financial institutions need to improve their ability to evaluate a business’s potential for growth accurately. The purpose of this research is to identify, analyze, and disseminate the best practices of regional financial institutions, as well as to point out issues and necessary actions to promote a finance system complying with ESG criteria.