Kelly Nianyun Cai

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University of Michigan - Dearborn
Associate Professor of Finance
Short bio: 

College of Business in 2002, Ph.D. in Finance, University of Houston, Bachelor degree in Finance, Nankai University, teaches Corporate Finance, Derivatives, and Investments courses to undergraduate and graduate students.

Research summary: 

Covers a variety of topics, including initial public offerings (IPOs), bond pricing and capital market.

Recent publications: 

Kelly Nianyun Cai, Xiaoquan Jiang and Heiwai Lee, 2013, “Debt IPO Waves, Investor Sentiment, Market Conditions and Issue Quality”, Journal of Financial Research Forthcoming. Outstanding Investment Paper – Midwest Financial Association 2013

Kelly Nianyun Cai, 2013, “Effect of Being Fallen Angels on Bond Rating and Yields”, Journal of Trading 8, 7-13. (Lead Article)

Kelly Nianyun Cai and Heiwai Lee, 2012, “Event Study and Debt IPOs”, Journal of Applied Business Research 29, Issue 1, 69-78.

Brent Ambrose, Kelly Nianyun Cai and Jean Helwege, 2012, “Fallen Angels and Price Pressure”, Journal of Fixed Income 21, Issue 3, 74-86. Semifinalist for the Best Paper Award – Financial Management Association 2010

Kelly Nianyun Cai, Hei-Wai Lee and Vivek Sharma, 2011, “Underpricing of IPOs that follow private placement?”, Journal of Financial Research 34, Issue 3, 441-459.