User profiles for Kelly Cai

Kelly Cai

University of Michigan - Dearborn
Verified email at umich.edu
Cited by 608

Customer-Supplier relationships and the cost of debt

K Cai, H Zhu - Journal of Banking & Finance, 2020 - Elsevier
We study whether the presence of major customer-supplier relationships affects a supplier's
cost of debt. Using 5,704 US corporate bonds issued from 1983 to 2013, we find that the …

Fallen angels and price pressure

BW Ambrose, KN Cai, J Helwege - Available at SSRN 1781196, 2011 - papers.ssrn.com
We examine price pressure in a setting where trades occur because of regulations and
when information effects are absent. Our study of fallen angel bond sales by insurance …

Cultural distance and foreign IPO underpricing variations

K Cai, H Zhu - Journal of Multinational Financial Management, 2015 - Elsevier
This paper examines the impact of cultural distance on the underpricing of initial public
offerings issued by foreign firms in the United States (foreign IPOs). Using a sample of 503 …

Adversarial training on SAR images

B Lewis, K Cai, C Bullard - Automatic Target Recognition XXX, 2020 - spiedigitallibrary.org
Recent studies have shown that machine learning networks trained on simulated synthetic
aperture radar (SAR) images of vehicular targets do not generalize well to classification of …

Cultural distance and bond pricing: evidence in the Yankee and Rule 144a bond markets

H Zhu, K Cai - Journal of Financial Research, 2014 - Wiley Online Library
In this article we examine the impact of cultural distance on the pricing of corporate bonds
issued in the United States. We find that greater cultural differences between US investors and …

[HTML][HTML] Early weight gain as a predictor of weight restoration in avoidant/restrictive food intake disorder

TR Perry, K Cai, D Freestone, DM Steinberg… - Journal of Eating …, 2024 - Springer
Background Previous research has demonstrated that early weight gain in family-based
treatment (FBT) is predictive of remission for adolescents with anorexia nervosa (AN). However, …

Debt IPO waves, investor sentiment, market conditions, and issue quality

KN Cai, X Jiang, HW Lee - Journal of Financial Research, 2013 - Wiley Online Library
We examine the aggregate volume of straight debt initial public offerings (DIPOs) from 1970
to 2010. We find that aggregate DIPO activities display wave patterns. Both the number and …

The roles of the information environment and the stock price performance of foreign firms in their decision to delist from US exchanges

K Cai, H Lee, M Valero - Journal of Multinational Financial Management, 2018 - Elsevier
We examine the roles of the information environment and the stock price performance of
foreign firms in explaining their delisting from US exchanges by focusing on analyst following …

Are stocks dumped or neglected by analysts' inferior investments to covered stocks?

HW Lee, V Sharma, KN Cai - Journal of Business Research, 2011 - Elsevier
We compare the long-term stock price and operating performance of firms that are followed
by analysts to those that are not over the period of 1994–2005. While analysts are skillful in …

Underpricing of IPOs that follow private placement

KN Cai, HW Lee, V Sharma - Journal of Financial Research, 2011 - Wiley Online Library
In this study we examine the underpricing of initial public offerings (IPOs) by firms that have
private placements of equity before their IPOs (PP IPO firms). We find that PP IPOs are …