Updated on 2025/06/23

写真b

 
NGUYEN,THI P. T.
 
*Items subject to periodic update by Rikkyo University (The rest are reprinted from information registered on researchmap.)
Affiliation*
Center for the Global Liberal Arts Program
Title*
Specially Appointed Associate Professor
Degree
PhD （ 7 2022   Waseda University ）
Research Interests

  • Sustainable Finance

  • Managerial Economics

  • Corporate Finance

  • Corporate Governance

    • Campus Career*
    • 4 2025 - Present 
      Center for the Global Liberal Arts Program   Specially Appointed Associate Professor
     

    Research Areas

    • Humanities & Social Sciences / Commerce

    • Humanities & Social Sciences / Business administration

    • Humanities & Social Sciences / Money and finance

    Research History

    • 4 2025 - Present 
      Rikkyo University   Global Liberal Arts Program (GLAP)   Specially Appointed Associate Professor

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      Country：Japan

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    • 4 2025 - Present 
      Japan Securities Research Institute (JSRI)   Visiting Research Fellow

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      Country：Japan

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    • 1 2023 - Present 
      Lakeland university japan   Business Administration   Adjunct Professor of Business

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      Country：Japan

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    • 1 2023 - 3 2025 
      Japan Securities Research Institute (JSRI)   Research Department   Researcher

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    • 9 2021 - 3 2025 
      Waseda University   Research Institute of Business Administration   Invited Researcher   Invited Researcher

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      Country：Japan

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    • 9 2016 - 8 2021 
      Faculty of Commerce   Research Associate

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    Education

    • 9 2013 - 7 2022 
      Waseda University   Graduate School of Commerce   Doctoral Program

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    • 2011 - 2013 
      Waseda University   Graduate School of Commerce   MBA

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    • 2001 - 2006 
      Hanoi University of Technology   Faculty of Foreign Languages

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    Papers

    • Woman empowerment in Japan: moving from mere tokens to critical mass?

      Nguyen Thi Phuong Thanh

      Securities review64 ( 2 ) 115 - 129   2 2024

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      Language：Japanese   Publishing type：Research paper (bulletin of university, research institution)  

      File： Woman empowerment in Japan_Thanh Thi Phuong Nguyen.pdf

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    • Biodiversity risk and firm value

      Thanh Thi Phuong Nguyen

      Securities review63 ( 8 ) 75 - 86   8 2023

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      Language：Japanese   Publishing type：Research paper (bulletin of university, research institution)  

      File： Biodiversity risk and firm value_Thanh Thi Phuong Nguyen.pdf

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    • Does country sustainability improve firm ESG reporting transparency? The moderating role of firm industry and CSR engagement Peer-reviewed

      Thi Hong Van Hoang, Linh Pham, Thanh Thi Phuong Nguyen

      Economic Modelling   106351 - 106351   5 2023

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      Language：English   Publishing type：Research paper (scientific journal)   Publisher：Elsevier BV  

      DOI： 10.1016/j.econmod.2023.106351

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    • Effects of female directors on gender diversity at lower organization levels and CSR performance: Evidence in Japan Peer-reviewed

      Thanh Thi Phuong Nguyen, Hanh Minh Thai

      Global Finance Journal53 ( 100749 )   8 2022

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      Authorship：Lead author   Language：English   Publishing type：Research paper (scientific journal)  

      DOI： 10.1016/j.gfj.2022.100749

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    • Female CEOs on Japanese corporate boards and firm performance. Peer-reviewed

      Katsuyuki Kubo, Thanh Thi Phuong Nguyen

      Journal of the Japanese and International Economies62   101163 - 101163   12 2021

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      Publishing type：Research paper (scientific journal)   Publisher：Elsevier BV  

      DOI： 10.1016/j.jjie.2021.101163

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    • Effects of board gender diversity on firm investment and performance Peer-reviewed

      Thanh Thi Phuong Nguyen

      THE WASEDA COMMERCIAL REVIEWNo.461   47 - 92   9 2021

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      Language：English   Publishing type：Research paper (scientific journal)  

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    • Conflicting interests: Going public in deteriorating market conditions Peer-reviewed

      Pengda Fan, Lin Wang, Thanh Nguyen Thi Phuong

      Corporate Ownership and Control16 ( 3 ) 143 - 158   6 2019

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      Publishing type：Research paper (scientific journal)   Publisher：Virtus Interpress  

      The purpose of this paper is to analyze whether the conflicting interest between issuing firms and CEOs (venture capitalists) affect the going-public decision. Going public in deteriorating market conditions is costly for issuing firms in terms of low offering price and high probability of withdrawal. If agency costs exist, agents pursuing their own interests may bring firms public even in poor market conditions, which has been largely ignored in the previous literature.
      To examine our hypotheses, we collect 1246 Japanese firms going public from 2001 to 2016 and conduct logit regressions, propensity score matching (PSM) as well as a probit model with sample selection. Consistent with our conjecture, we find a positive relation between the going-public decision and secondary shares offered by CEOs. Additionally, we also find an inverse U-shaped relationship between CEOs’ retained ownership and the going-public decision, indicating that in addition to liquidity needs, private benefits of control is another potential source of conflicting interests. Furthermore, secondary shares offered by VCs are also positively associated with the going-public decision, suggesting that when VCs attempt to exit as rapidly as possible, they are more likely to bring firms public even in deteriorating markets. These findings suggest that conflicting interests among parties affect the timing and costs of IPOs.

      DOI： 10.22495/cocv16i3art12

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      Other Link： https://www.virtusinterpress.org/IMG/pdf/cocv16i3art12.pdf

    • Wealth effects of mergers and acquisitions on Vietnamese listed firms Peer-reviewed

      Thanh Nguyen Thi Phuong

      The Bulletin of the Graduate School of Commerce ( 84 ) 137 - 158   3 2017

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      Language：English   Publishing type：Research paper (bulletin of university, research institution)  

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    Presentations

    • Biodiversity and Firm Performance: Empirical Evidence in Japan

      Nguyen Thi Phuong Thanh

      The 2025 Annual Meeting of European Financial Management Association  26 6 2025 

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      Language：English   Presentation type：Oral presentation (general)  

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    • Biodiversity and Firm Performance: Empirical Evidence in Japan

      Nguyen Thi Phuong Thanh

      The 14th International Conference of the Financial Engineering and Banking Society (FEBS)  11 6 2025 

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      Language：English   Presentation type：Oral presentation (general)  

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    • Should investors care about biodiversity risk? The link between biodiversity and firm performance

      Nguyen Thi Phuong Thanh

      The 33rd Annual Conference of European Financial Management Association (EFMA2024)  26 6 2024 

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      Language：English   Presentation type：Oral presentation (general)  

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    • Employment litigations and ESG report transparency

      Nguyen Thi Phuong Thanh

      The 36th Australasian Finance and Banking Conference (AFBC 2023)  13 12 2023 

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      Language：English  

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    • Political connection, behavior and performance at firm level: An empirical research from a transition economy

      Katsuyuki Kubo, Nguyen Thi Phuong Thanh

      The 35th Asia Finance Conference  26 6 2023 

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      Language：English   Presentation type：Oral presentation (general)  

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    • Effects of female directors on gender diversity at lower organization levels and CSR performance: Evidence in Japan

      Nguyen Thi Phuong Thanh

      The 2021 New Zealand Finance Meeting  9 12 2021 

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      Language：English  

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    • Foreign director and Firm Performance in Japan International conference

      Nguyen Thi Phuong Thanh

      The 6th Annual International Corporate Governance Society Conference  14 11 2020  International Corporate Governance Society Conference

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      Presentation type：Oral presentation (general)  

      Venue：Strome College of Business, Old Dominion University, Norfolk, VA.  

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    • Effects of female directors on gender diversity at lower organization levels and CSR performance. Evidence in Japan International coauthorship

      Nguyen Thi Phuong Thanh

      The 44th Japan Finance Association Conference  3 10 2020  Japan Finance Association

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      Language：English   Presentation type：Oral presentation (general)  

      Venue：J.F. Oberlin University  

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    • Female CEOs on Japanese corporate boards and firm performance International conference

      Nguyen Thi Phuong Thanh

      SASE Annual Conference 2019  28 6 2019  Society for the Advancement of Socio-Economics (SASE)

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      Language：English   Presentation type：Oral presentation (general)  

      Venue：The New School University, New York  

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    • CEO Gender and Firm Performance International conference

      NGUYEN Thi Phuong Thanh

      JSPS Core-to-Core Program Berlin INCAS Conference  20 9 2018 

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      Language：English   Presentation type：Public lecture, seminar, tutorial, course, or other speech  

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    • Effects of foreign directors on firm performance: Evidence from Japan International conference

      NGUYEN Thi Phuong Thanh

      The 30th SASE Annual Conference  30 6 2018 

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      Language：English   Presentation type：Oral presentation (general)  

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    • The Effects of Female Directors on Firm Value and Firm Behavior. Empirical research in Japan International conference

      NGUYEN Thi Phuong Thanh

      JSPS Core-to-Core Program Oxford INCAS Conference  25 5 2017 

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      Language：English   Presentation type：Oral presentation (general)  

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    Professional Memberships

    • 2021 - Present 
      Academy of Management

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    • 2020 - Present 
      International Corporate Governance Society

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      European Finance Association

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      The Society for the Advancement of Socio-Economics

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      JAPAN FINANCE ASSOCIATION

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      NIPPON FINANCE ASSOCIATION

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    Research Projects

    • Impact of biodiversity loss on firm value

      Japan Society for the Promotion of Science  Grants-in-Aid for Scientific Research (KAKENHI) 

      Nguyen Thi Phuong Thanh

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      4 2025 - 3 2029

      Grant number：25K05199

      Authorship：Principal investigator 

      Grant amount：\4420000 （ Direct Cost: \3400000 、 Indirect Cost：\1020000 ）

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    • Cash holding and acquisition performance of public and private Japanese corporations

      Japan Society for the Promotion of Science  Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C) 

      Nguyen Thi Phuong Thanh

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      4 2021 - 3 2025

      Grant number：21K01570

      Authorship：Principal investigator 

      Grant amount：\4030000 （ Direct Cost: \3100000 、 Indirect Cost：\930000 ）

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    • Effects of foreign directors on firm performance: Evidence from Japan.

      Japan Society for the Promotion of Science  Grants-in-Aid for Scientific Research Grant-in-Aid for Early-Career Scientists 

      Nguyen Thi Phuong Thanh

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      4 2019 - 3 2021

      Grant number：19K13744

      Authorship：Principal investigator 

      Grant amount：\910000 （ Direct Cost: \700000 、 Indirect Cost：\210000 ）

      This paper examines the effects of foreign directors on firm performance using panel data of nonfinancial listed firms in Japan from 2004 to 2015. We find that the relationship between foreign directors and firm performance is generally not strong. While the market appears to react positively to the first introduction of a foreign director, the returns are not statistically significant. The first introduction of a foreign director is significantly associated with changes in ownership structure or business strategy aimed at expanding overseas business and strengthening corporate governance. Nevertheless, we also obtain no evidence that the first appointment of a foreign director improves firm performance.

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    • Effects of CEO gender on firm behavior and firm performance.Empirical evidence in Japan

      Waseda University  Grant for Special Research Projects 

      Nguyen Thi Phuong Thanh

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      2019 - 2020

      Authorship：Principal investigator 

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    • The Effects of Foreign Directors on Firm Performance: Empirical evidence in Japan

      Waseda University  Grant for Special Research Projects 

      NGUYEN Thi Phuong Thanh

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      2017 - 2018

      Grant type：Competitive

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    • The Effects of Female Directors on Firm Value and Firm Behavior. Empirical research in Japan

      Waseda University  Grant for Special Research Projects 

      NGUYEN Thi Phuong Thanh

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      2016 - 2017

      Grant type：Competitive

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    • Effects of foreign directors on firm performance: Evidence from Japan.

      The Ryoichi Sasakawa Young Leaders Fellowship Fund  The Nippon Foundation 

      Nguyen Thi Phuong Thanh

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      Authorship：Principal investigator 

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