Kyushu University Academic Staff Educational and Research Activities Database
List of Papers
Konari Uchida Last modified date:2022.06.30

Professor / Fields in Economic Analysis and Policy / Department of Economic Engineering / Faculty of Economics

1. Yong Huang, KonariUchida, Xuanying, Yua, Daolin Zha, Market timing in private equity placements: Empirical evidence from China, PACIFIC-BASIN FINANCE JOURNAL, 10.1016/j.pacfin.2021.101642, 69, 101642-101642, 2021.10, [URL], This paper examines the motivation for private equity placements (PEPs) of listed firms in China. We find that private placement firms are overvalued more than their non-issuing counterparts at announcement and issuance. The result is robust to various measures of mispricing. Additional analyses suggest that the stock prices of private placement firms outperform in the pre-announcement period and underperform in the post-issue period. Considering the widespread practice of discounting privately placed shares, overvaluation over the issuance process helps decrease discounts while increasing the PEPs' attractiveness for investors. Through successful market timing, the shares of private placement firms can be offered at overvalued prices even after considering discounts. Overall, these findings suggest that firms use private equity placements to time the market..
2. Liping Dong,Konari Uchida,Xiaohong Hou, Are future capital gain opportunities important in the market for corporate control? Evidence from China, Journal of Corporate Finance, 10.1016/j.jcorpfin.2017.10.006, 2020.08, [URL].
3. Yuyang Zhanga, Konari Uchida, LipingDong, External financing and earnings management: Evidence from international data, Research in International Business and Finance,, 54, 2020.07, [URL].
4. Jianlei Liu, Konari Uchida, Yuan Li, Provincial economic performance and underpricing of IPOs: Evidence from political interventions in China, Economic Modelling,, Forthcoming, 2019.10, [URL].
5. Hocheol Nam, Konari Uchida, Accounts payable and firm value: International evidence, Journal of Banking and Finance,, 102, 116-137, 2019.04, [URL].
6. Pengda Fan, Konari Uchida, Credit crunch and timing of initial public offerings, Pacific Basin Finance Journal, 10.1016/j.pacfin.2018.09.003, 53, 22-39, 2019.02.
7. Elizabeth Marie Motta,Konari Uchida, Institutional investors, corporate social responsibility, and stock price performance, Journal of the Japanese and International Economies, 10.1016/j.jjie.2017.12.002, 47, 91-102, 2018.03, [URL].
8. Yue Sun, Konari Uchida, The Role of Bank-Affiliated Venture Capital for Parent Banks in Japan: New Evidence, Asia-Pacific Journal of Financial Studies, 10.1111/ajfs.12155, 45, 6, 864-885, 2016.12, [URL].
9. Shinya Shinozaki, Hiroshi Moriyasu, Konari Uchida, Shareholder Composition and Managerial Compensation, Journal of Financial and Quantitative Analysis, 10.1017/S0022109016000636, 51, 5, 1719-1738, 2016.10.
10. Yong Huang, Konari Uchida, Daolin Zha, Market timing of seasoned equity offerings with long regulative process, Journal of Corporate Finance, 10.1016/j.jcorpfin.2016.05.001, 39, 278-294, 2016.08, [URL].
11. Yuhua Li, Konari Uchida, Tongsheng Xu, Zhaoyang Wu, The Impact of Foreign Entry on Chinese Banks, Review of Development Economics, 10.1111/rode.12219, 20, 1, 74-86, 2016.02, [URL].
12. Jianlei Liu, Konari Uchida, Ruidong Gao, Earnings management of IPO companies: Evidence from regulation changes in China, Accounting and Finance, 10.1111/acfi.12006, 54, 2, 505-537, 2014.06, [URL].
13. Jianlei Liu, Konari Uchida, Ruidong Gao, Legal protection and underpricing of IPOs: Evidence from China, Pacific-Basin Finance Journal, 10.1016/j.pacfin.2014.02.006, 27, 163-187, 2014.04, [URL].
14. Liping Dong, Konari Uchida, Xiaohong Hou, Block trade targets in China, Journal of Corporate Finance, 10.1016/j.jcorpfin.2013.12.001, 25, 188-201, 2014.04.
15. Chunyan Liu, Konari Uchida, Yufeng Yang, Controlling shareholder, Split-share structure reform and cash dividend payments in China, International Review of Economics and Finance, 10.1016/j.iref.2013.06.008, 29, 339-357, 2014.01, [URL].
16. Yuyang Zhang, Konari Uchida, Hua Bu, How do accounting standards and insiders' incentives affect earnings management? Evidence from China, Emerging Markets Review, 10.1016/j.ememar.2013.04.002, 16, 78-99, 2013.09.
17. Yue Sun, Konari Uchida, Mamoru Matsumoto, The dark side of independent venture capitalists
Evidence from Japan, Pacific Basin Finance Journal, 10.1016/j.pacfin.2013.02.001, 24, 279-300, 2013.09.
18. Jianlei Liu, Konari Uchida, Ruidong Gao, Political connections and the long-term stock performance of Chinese IPOs, Journal of International Financial Markets, Institutions, & Money,, 22, 4, 814-833, 2012.10, [URL].
19. Determinants of board independence and its effect on firm performance.
20. Naohisa Goto, Konari Uchida, How do banks resolve firms' financial distress? Evidence from Japan, Review of Quantitative Finance and Accounting, 10.1007/s11156-011-0235-2, Vol. 38, No. 4, 455-478, 2012.04, [URL].
21. Chunyan Liu, Konari Uchida, Yufeng Yang, Corporate governance and firm value during the global financial crisis: Evidence from China, International Review of Financial Analysis, 10.1016/j.irfa.2011.11.002, Vol. 21, 70-80, 2012.01, [URL].
22. Konari Uchida, Does corporate board downsizing increase shareholder value? Evidence from Japan, International Review of Economics and Finance, 10.1016/j.iref.2010.10.003, 20, 4, 562-573, 2011.10.
23. How does regulation affect corporate governance?.
24. Shinya Shinozaki and Konari Uchida, Private benefits and board size: International evidence, Corporate Board: Roles, Duties, and Composition, Vol. 7, Issue 1, 109-124, 2011.05.
25. Daisuke Nogata, Konari Uchida, Naohisa Goto, Is corporate governance important for regulated firms' shareholders?. Evidence from Japanese mergers and acquisitions, Journal of Economics and Business, 10.1016/j.jeconbus.2010.08.002, 63, 1, 46-68, 2011.01.
26. Kotaro Inoue, Konari Uchida, Marc Bremer, Post-restructuring performance in Japan, Pacific Basin Finance Journal, 10.1016/j.pacfin.2010.07.001, 18, 5, 494-508, 2010.11.
27. Bank shareholders and corporate governance.
28. Konari Uchida, Does corporate board downsizing increase shareholder value? Evidence from Japan, The Present Situation and Problems of East Asian Economy (Proceedings of the 4th Joint Conference of Kyushu University, Renmin University of China and Nanjing University), 69-93, 2009.11.
29. Financial and risk characteristics of stocks included in SRI funds.
30. Konari Uchida, The characteristics of online investors, Journal of Behavioral Finance, Vol.7. pp.168-177, 2006.11, [URL].
31. Konari Uchida and Mamoru Matsumoto, Ownership structure and operating performance changes surrounding stock option adoptions: Evidence from Japan, Corporate Ownership & Control, vol. 4, 10-23 , 2006.11.
32. Konari Uchida and Peng Xu, US barbarians at the Japan Gate: Cross border hedge fund activism, Collection of Conference Papers (The All China Economics International Conference 2007) , 2007.12.
33. Konari Uchida, Determinants of stock option use by Japanese companies, Review of Financial Economics, 10.1016/j.rfe.2005.08.001, 15, 3, 251-269, 2006.08.