Yasuhiro Yamakawa
- Associate Professor
Academic Division: Entrepreneurship
Academic Degrees
- Ph D, University of Texas at Dallas
- MBA, Drucker School of Management, Claremont Graduate University
- BA, Keio University
Academic Interest / Expertise
Uncertainty, entrepreneurial failure and exit: Revitalizing/learning from entrepreneurial failure, perseverance and escalation of commitment at firm exit, challenges inherent in corporate venturing activities, IPO failure, failure of industry emergence, bankruptcy laws and entrepreneurship development around the world International entrepreneurship in emerging economies: Internationalization of new ventures from emerging economies, institutions and entrepreneurship development in emerging economiesAwards & Honors
- 2025 — Dean’s Award in Recognition of Excellence in Teaching, Babson College
- 2017 — Richard Schulze Publication Award, Richard Schulze Foundation
- 2015 — Richard Schulze Foundation Award, Richard Schulze Foundation
- 2014 — Dean's Research Award, Babson College
- 2010 — Best Paper Proceedings and Carolyn Dexter Award Finalist, Academy of Management
- 2010 — Irene M. McCarthy Best Paper Award, Babson College Entrepreneurship Research Conference
- 2007 — Best Paper Award from the Office of Advocacy, U. S. Small Business Administration, Babson College Entrepreneurship Research Conference
Courses
Degree Courses 2025
- EPS 3524 MADE IN JAPAN:CULTURE & OPPORTUNITIES
- FME 1001 FOUNDS MGMT & EPS
Publications
Journal Articles
- Yamakawa, Y., Davenport, T.H. (2025). Your AI Strategy Needs to Expand Beyond the US and China. Harvard Business Review (Digital Edition).
- Yamakawa, Y. (in press). Cascading failure: How legitimacy unravels in nascent industries. Journal of Business Venturing Insights. Page: 9.
- Takahashi, H., Yamakawa, Y. (2022). The effect of uncertainty on entrepreneurial activity. Research Institute of Economy, Trade and Industry. Vol: July 2022 22-E-064. RIETI.
- Weng, D., Yamakawa, Y. (2022). I believe I can fly: How target venture CEO overconfidence affects acquisition completion. Small Business Economics. Springer. link
- Weng, D., Lee, S., Yamakawa, Y. (2021). Time to change lanes: How pro-market reforms affect informal ventures’ formalization speed. Global Strategy Journal. Vol: 11, Issue: 4, Page: 767-795.
- Yamakawa, Y. (2020). Entrepreneurship in Japan. Research Monthly. Vol: 146, Page: 4-5. Japan Finance Corporationn.
- Lin, S., Yamakawa, Y., Li, J. (2019). Emergent learning and change in strategy: Empirical study of Chinese serial entrepreneurs with failure experience. Vol: 15, Issue: 3.
- Takahashi, H., Yamakawa, Y., Matthew, P. (2018). Board members' influence on resource investments to start-ups and IPO outcomes: Does prior affiliation matter?. Vol: 49, Page: 30-42. Pacific-Basin Finance Journal.
- Yamakawa, Y., Cardon, M. (2017). How prior investments of time, money, and employee hires influence time to exit a distressed venture, and the extent to which contingency planning helps. Journal of Business Venturing. Vol: 32, Issue: 1.
- Yamakawa, Y., McKone-Sweet, K.E., Hunt, J.M., Greenberg, D. (2016). Expanding the Focus of Entrepreneurship Education: A Pedagogy for Teaching the Entrepreneurial Method. Journal of Business and Entrepreneurship. Vol: 27, Issue: 2, Page: 19. Association for Small Business & Entrepreneurship.
- Yamakawa, Y., Cardon, M. (2015). Causal ascriptions and perceived learning from entrepreneurial failure. Small Business Economics. Vol: 44, Issue: 4, Page: 797-820.
- Yamakawa, Y., Peng, M.W., Deeds, D.L. (2015). Rising from the ashes: Cognitive determinants of venture growth after entrepreneurial failure. Entrepreneurship Theory and Practice. Vol: 39, Issue: 2. Wiley-Blackwell Publishing, Inc.. link
- Yamakawa, Y., Khavul, S., Peng, M.W., Deeds, D.L. (2013). Venturing from emerging economies. Strategic Entrepreneurship Journal. Vol: 7, Issue: 3, Page: 181–196. John Wiley & Sons Ltd.. link
- Yamakawa, Y., Lee, S. (2012). Forgiving features for failed entrepreneurs vs. cost of financing in bankruptcies. Management International Review. Vol: 52, Issue: 1, Page: 49-79. Springer Gabler. link
- Lee, S., Yamakawa, Y., Peng, M.W., Barney, J.B. (2011). Bankruptcy laws and entrepreneurship development around the world. Journal of Business Venturing. Vol: 26, Issue: 5, Page: 505-520.
- Yamakawa, Y., Yang, H., Lin, Z. (2011). Exploration versus exploitation in alliance portfolio: Performance implications of organizational, strategic, and environmental fit. Research Policy. Vol: 40, Issue: 2, Page: 287-296.
- Lee, S., Yamakawa, Y., Peng, M.W., Barney, J.B. (2011). How do bankruptcy laws affect entrepreneurship development around the world?. Journal of Business Venturing. Vol: 26, Issue: 5, Page: 505-520.
- Yamakawa, Y., Peng, M.W., Deeds, D.L. (2008). What drives new ventures to internationalize from emerging to developed economies?. Entrepreneurship Theory and Practice. Vol: 32, Issue: 1, Page: 59-82.
Conference Proceedings
- Kato, S., Yamakawa, Y. (2014). Where goes the optimism? Adjusting over and under: Heuristics in decision-making: Frontiers for Entrepreneurship Research. Babson College.
- Yamakawa, Y. (2013). Is it worth planning for failure? When? How?: Frontiers for Entrepreneurship Research. Vol: 33, Issue: 5. Babson College.
- Hibara, N., Khoury, T., Mathew, P., Yamakawa, Y. (2012). Entrepreneurial foresight and the endogenous choice of market intermediaries in Japanese IPOs: Frontiers for Entrepreneurship Research. Vol: 32, Issue: 2. Babson College.
- Miller, J., Yamakawa, Y., Deeds, D.L. (2011). Legitimacy creation and destruction: Agricultural Biotechnology as an emerging industry that failed to grow: Frontiers for Entrepreneurship Research. Vol: 31, Issue: 15, Page: 10. Babson College.
- Yamakawa, Y. (2011). Planning for failure as de-biasing strategy for escalation of commitment at market exit: Frontiers for Entrepreneurship Research. Vol: 31, Issue: 6, Page: 21. Babson College.
- Yamakawa, Y., Peng, M.W., Deeds, D.L. (2010). Revitalizing and learning from failure for future entrepreneurial growth: Frontiers for Entrepreneurial Research. Vol: 30, Issue: 6, Page: 1. Babson College.
Book Chapters
- Yamakawa, Y. (2021). The relevance and value of pivoting – which company would you invest in?: Teaching Entrepreneurship: A practice-based approach, volume 2. Edward Elgar Publishing.
- Yamakawa, Y. (2015). The study of entrepreneurship: Toyo Keizai. Toyo Keizai.
- Yamakawa, Y., Neck, H.M. (2014). Exercises to practice experimentation: Fear of failure: Teaching Entrepreneurship: A Practice-Based Approach. Page: 254-259. Edward Elgar Pub.
Books
- Yamakawa, Y. (2024). The World’s Best Entrepreneurship taught at Babson: The World’s Best Entrepreneurship taught at Babson. Page: 288. Kodansha.
- Shimaoka, M., Asahi, T., Yamakawa, Y. (2023). Editor-in-Chief: The World’s Best Entrepreneurship Program: Essential Exercises to Develop Innovative Businesses.. Shoeisha.
- Yamakawa, Y., Omae, C. (2020). Entrepreneurship theory and practice: You can change the world by thinking and acting like an entrepreneur: Entrepreneurship theory and practice: You can change the world by thinking and acting like an entrepreneur. Page: 500. Toyo Keizai.
Other
- Yamakawa, Y. (2016). Babson's signature entrepreneurship course. Entrepreneur & Innovation Exchange.
- Yamakawa, Y. (2016). Shackleton's Antarctic adventure: Parallels to entrepreneurship. Entrepreneur & Innovation Exchange.
- Yamakawa, Y. (2009). Bankruptcy and social stigma in Japan: Global Strategy, 2nd edition. South-Western Cengage Learning.
Presentations
Professional Memberships
- Educational Reform Promotion Council
- U.S. - Japan Council (2016 - Present)
- Entrepreneur & Innovation Exchange (2015 - Present)