Dr. Mitsuru Misawa | Professor of Finance

Courses

Dr. Misawa has taught the following courses at Shidler College of Business at the University of Hawaii at Mānoa.

Finance 321 - International Business Finance (3 credits)

Financial management of foreign and international business operations: the regulatory environment of international finance, financing international transactions, international capital markets, taxation. Financial decision-making in the firm. Pre: BUS 314.

Finance 490c - Japanese Financial Management (3 credits)

In-depth analysis of selected current practices and issues in finance in Japan. Equity research and corporate valuation methods (international capital budgeting). Japanese financial management and financial analysis.

Finance 637 - International Financial Management (3 credits)

Financial decision-making in an international setting: analysis of direct foreign investment; economic, accounting, and regulatory environments, including taxation; international money and capital markets; import and export financing; multinational working capital management; and risk aspects of international finance. Pre: BUS 617 or consent.

Finance 639 - International Banking (3 credits)

Commercial, investment, and merchant banking in the international arena. Includes international lending, Euromarkets, global gap management, Forex activities, and international risk management. Pre: BUS 617 or consent.

Course Description

  1. International Finance, FIN321 (undergraduate, prerequisite B314)

    2. In this course you'll learn how to measure and manage various risks such as transaction, operating, and accounting exposures. You will study how to make money in foreign exchange markets; arbitrage and speculation. You will study how to use Options, SWAP, Futures, and other derivatives in the currency markets. You will also learn the techniques of "International Capital Budgeting" in detail. Since the course is Asian Pacific oriented, you will study a few Japanese cases by Professor Misawa. Seniors are given priority registration.

    Professor Misawa worked with the Industrial Bank of Japan, the most prestigious investment bank in Japan, now known as Mizuho Corporate Bank, for 30 years. His career included assignments as an investment banker in New York and Tokyo, for 15 years each. Misawa-Honjo International Fellowship is available for a total of $30,000/a year to be divided among 4 recipients who want to study in Japan; see Professor Misawa for more information. He recently published "Current Business and Legal Issues in Japan's Banking and Finance Industry (the 2nd edition)" and "Cases on International Business(2nd edition) will be published soon. "  His 20 cases on Japanese companies and industries are listed on Harvard Business Online. Visit Harvard web: Harvard Business Online Under Misawa.

    The total number of his cases sold by Harvard in the past 10 years is now 23,222 copies.  Top business schools such as Harvard, MIT and Wharton are using his cases as teaching materials.

  2. Japanese Financial Management, FIN490C (graduate and undergraduate)

    3. Japan’s economy spurred by “Abenomics” has showed promising signs of life after more than 20 years of deflation. The financial management of Japanese corporations is attracting attention from all over the world. There are significant differences remain between the financial management philosophy and techniques used within Japanese companies and those used in the US, including the use of capital budgeting techniques, economic and political assessment of projects, decision-making styles, and techniques of corporate governance.

    The class will use the 2nd edition of Misawa’s case book published by World Scientific (Imperial College in London). These cases are the fruit of his insight into Japanese corporations which was nurtured during his tenure at the Industrial Bank of Japan (now Mizuho Financial group) as an investment banker for 30 years and by his current field studies consisting of numerous visits to and interviews with managers of those corporations. These case studies teach the students the analytical techniques for international business and financial management which are indispensable for fully understanding Japanese corporations and which also provide a perspective for analyzing the corporate cultures, customs and systems unique to Japanese corporations. This course is an extension of FIN321, which is not a prerequisite but recommended to take in advance or concurrently.