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Researcher Information

last modified：2025/03/27

Professor　SATO Kiyokazu

Mail

Faculty, Affiliation

Faculty of Economics and Management,Institute of Human and Social Sciences

College and School Educational Field

Division of Economics, Graduate School of Human and Socio-Environmental Studies
Division of Human and Socio-Environment Studies, Graduate School of Human and Socio-Environmental Studies

Laboratory

Academic Background

【Degree】
Ph.D.in economics

Career

Year & Month of Birth

Academic Society




理事

Award

Specialities

financial accounting、Accounting

Speciality Keywords

accounting theory,realoption,Financial Accounting,financial statement analysis

Research Themes

Real Options Analysis of Institutional Investor Motivation for Engagement Activities

Real options analysis for corporate valuation

Books

Papers

  • 　Valuation Model for Human Capital Investment under Uncertainty－Real Option Analysis on Value-added Productivity－　44　1　33　2024/03/27　
  • 　The Development of the Momentum Accounting Model in the Accounting Information Space -Theory on the Equation of the Corporate Motion-　Kiyokazu Sato　43　2　23　2023/03　
  • 　Equity Valuation Model based on Residual Income Option -Implementing Residual Income Valuation with Nonlinear Probability Method-　Kiyokazu Sato　54　4　163　2022/03　
  • 　Stock Valuation Based on Capital Dynamic　41　2　31　2021/03/31　
  • 　Mathematical Model Describing Design Processes of Fashion Apparels and Management of Fashion Apparel Stores　Masato Takahashi,Kiyokazu Sato,Tsuyoshi Otani　Advances in Intelligent Systems and Computing　1256 AISC　129　2020

show all

  • 　Reevaluation of ROE based on the Capital Cost Potential. - Does the magnitude of ROE show the firm's good performance?-　Sato Kiyokazu　39　2　39　2019/03/29　
  • 　Does the magnitude of ROE give the strong result of firm's performance? –Study on Profitability Model in Space Vector Field- 　2018/08/28
  • 　Accountability and Real Option ‐Equity Valuation based on Nonlinear Residual Income Model- 　Kiyokazu Sato　2016/09/10
  • 　Stock Valuation of Internet Company based on Residual Income Option Model　Sato Kiyokazu　Communications of the Japan Association of Real Options and Strategy　8　3　21　2016　
  • 　A Study on Stochastic CVP Analysis reflecting Manager's Risk Preference　佐藤 清和　金沢大学経済論集　34　2　189　2014/03　
  • 　Equity Valuation Model Based on Residual Income Embedding Nested Real Options　Kiyokazu Sato　The Japan Association of Real Option and Strategy　2014/11
  • 　Assets-Income-Cash Flow measured as Option Value　佐藤 清和　金沢大学経済論集　34　1　87　2013/12　
  • 　Stock valuation model based on stochastic CVP analysis and option pricing theory　佐藤 清和　金沢大学経済論集　33　2　151　2013/03　
  • 　Extensibility of CVP analysis based on martingale measurement : Verification and modification of Sato [2010] and Sato [2011]　佐藤 清和　金沢大学経済論集　33　1　157　2012/12　
  • 　Cost-volume-profit analysis in discrete-time stochastic process　佐藤 清和　Kanazawa University economic review　31　2　153　2011/03　
  • 　Stochastic CVP analysis: continuous-time model　佐藤 清和　Kanazawa University economic review　30　2　231　2010/02　
  • 　Theory of Force Accounting Applied to Detecting Earnings Management　2009/03
  • 　Analysis on Earnings Management Using Real Option Approach　2008/05
  • 　Social costs of municipal hospital estimated by linear information model (LIM)　Sato Kiyokazu　The economic review of Kanazawa University　42　42　63　2007/07　
  • 　The Association between Financial Distress in Municipal Hospital and the Application of General Rule of Municipally-Operated Enterprise Law　Sato Kiyokazu　Aomori Public College journal of management & economics　10　2　75　2005/03　
  • 　Accrual-Based Risk Reduction -An Indicator to Identify Managers' Discretion Using a Break-Even Point of Cash Flows　Sato, Kiyokazu　Aomori Public College Journal of Management & Economics　9　1　51　2003/09/30　
  • 　Meaning and Measurement of Discretionary Accruals : Threshold of Discretionary Behavior Measured by Break-even Point of Cashflows　Satoh Kiyokazu　Annual report of the Economic Society,Tohoku University　63　4　569　2002/02　
  • 　
    How to Measure the Management Performance of the Nonprofit Organizations　宮城 好郎,佐藤 清和　Bulletin of the Faculty of Social Welfare, Iwate Prefectural University　2　1　11　1999/09　
  • 　Prediction Model of Business Performance Used Break-Even-Point as Exercise Price of Option Pricing Model　SATOH Kiyokazu　Aomori Public College journal of management & economics　4　2　42　1999/03　

Conference Presentations

  • Importance of Recognition of Subset Describing the Customer’s Preference in Design Processes of Fashion Apparels-Construction of Simulation Model-(conference：日本感性工学会春季大会(Web))(2020)
  • Importance of Recognition of Subset Describing the Customer’s Preference in Design Processes of Fashion Apparels-Consideration of Failure of Advance to Chinese Market by Japanese Fashion Company-(conference：日本感性工学会春季大会(Web))(2020)
  • Valuation of Goodwill based on System Dynamics-Applying to Acquisition of BVLGARI by LVMH-(conference：日本感性工学会春季大会(Web))(2019)

Others

Arts and Fieldwork

Patent

Theme to the desired joint research

Grant-in-Aid for Scientific Research

○「人的資本投資に関する業績評価及び企業価値評価のためのリアルオプション法の応用研究」(2025-2027)　
○「機関投資家によるエンゲージメント活動の動機付けに関するリアルオプション分析」(2022-2024)　
○「リアルオプション法の利益計画(CVP)及び株式価値評価(RIM)への応用研究」(2015-2018)　
○「オプション理論を応用した原価態様の非対称性に基づくＣＶＰ分析の研究」(2012-2015)　

Competitive research funding,Contribution

Collaborative research,Consignment study

Classes (Bachelors)

○Financial Statement Analysis(2021)
○Financial Accounting(2021)
○Financial Accounting B(2021)
○Financial Accounting A(2021)
○Seminar(2021)
○Freshman Seminar I(2017)
○Presentation and Debate (Freshman Seminar II)(2017)
○Financial Accounting A(2017)
○Financial Accounting B(2017)
○Presentation and Debate (Freshman Seminar II)(2017)
○Seminar(2017)
○Financial Accounting A(2016)
○Seminar(2016)
○Financial Accounting B(2016)

Classes (Graduate Schools)

○Seminar on Financial Statement Analysis I(2021)
○Special Study on Financial Accounting b-1(2021)
○Special Study on Financial Accounting b-2(2021)
○Financial Statement Analysis I(2021)
○Financial Statement Analysis II(2021)
○Seminar on Financial Statement Analysis II(2021)
○Seminar on Financial Accounting b(2017)
○Financial Statement Analysis(2017)
○Seminar on Financial Statement Analysis II(2017)
○Seminar on Financial Statement Analysis(2017)
○Financial Statement Analysis II(2017)
○Financial Statement Analysis I(2017)
○A Special Study of Financial Accounting a-1(2017)
○A Special Study of Financial Accounting a-2(2017)
○Seminar on Financial Accounting b-2(2017)
○Seminar on Financial Statement Analysis I(2017)
○Seminar on Financial Accounting a(2017)
○Seminar on Financial Accounting b-1(2017)
○Seminar on Financial Accounting a-2(2017)
○Seminar on Financial Accounting a-1(2017)
○Seminar on Financial Statement Analysis(2017)
○A Special Study of Financial Accounting b(2017)
○Financial Statement Analysis(2017)
○A Special Study of Financial Accounting a(2017)
○A Special Study of Financial Accounting a(2017)
○A Special Study of Financial Accounting b-2(2017)
○A Special Study of Financial Accounting b-1(2017)
○Financial Statement Analysis I(2016)
○Financial Statement Analysis II(2016)
○Seminar on Financial Statement Analysis II(2016)
○Seminar on Financial Statement Analysis I(2016)
○A Special Study of Financial Accounting a(2016)
○A Special Study of Financial Accounting a(2016)
○Seminar on Financial Accounting b(2016)
○Seminar on Financial Accounting a(2016)
○A Special Study of Financial Accounting b(2016)
○Financial Statement Analysis(2016)
○A Special Study of Financial Accounting b-2(2016)
○A Special Study of Financial Accounting b-1(2016)
○Seminar on Financial Accounting a-1(2016)
○A Special Study of Financial Accounting a-1(2016)
○A Special Study of Financial Accounting a-2(2016)
○Financial Statement Analysis(2016)
○Seminar on Financial Statement Analysis(2016)
○Seminar on Financial Statement Analysis(2016)
○Seminar on Financial Accounting a-2(2016)
○Seminar on Financial Accounting b-1(2016)
○Seminar on Financial Accounting b-2(2016)

International Project

International Students

Lecture themes

Others (Social Activities)

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