Education

Ph.D. Finance - University of Iowa Iowa City, IA U.S. 2005

Selected Works

Articles

Cai, Jie , Garner, Jacqueline L and Walkling, Ralph A. “A paper tiger? An empirical analysis of majority voting” JOURNAL OF CORPORATE FINANCE 21. (forthcoming):119-135

Cai, Jie and Zhang, Zhe . “Leverage change, debt overhang, and stock prices ” JOURNAL OF CORPORATE FINANCE . (forthcoming)

Cai, Jie , Song, Moon H and Walkling, Ralph A. “Anticipation, Acquisitions and Bidder Returns: Industry shocks and the transfer of information across rivals” REVIEW OF FINANCIAL STUDIES . (forthcoming)

Fich, Eliezer M, Cai, Jie and Tran, Anh . “Stock Option Grants to Target CEOs during Private Merger Negotiations” JOURNAL OF FINANCIAL ECONOMICS 101.2 (Aug 2011):413-430

Walkling, Ralph A and Cai, Jie . “Shareholders’ Say on Pay: Does It Create Value?” JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS 46.2 (Apr 2011):229-339

Cai, Jie , Garner, Jacqueline L and Walkling, Ralph A. “Electing Directors” JOURNAL OF FINANCE . (Oct 2009)

Cai, Jie . “What’s in the News? Information Content of S&P 500 Additions” FINANCIAL MANAGEMENT . (Fall 2007)

Cai, Jie and Vijh, Anand . “Incentive Effects of Illiquid Stock and Option Holdings of Target and Acquirer CEOs” JOURNAL OF FINANCE 62.4 (Aug 2007)

Presentations

Cai, Jie , Walkling, Ralph A and Yang, Ke . The Price of Street Friends: Social Networks, Informed Trading, and Shareholder Costs China International Finance Conference : Wuhan, China, Jul 2011

Becher, David A, Cai, Jie and Ouyang, Wenjing . Do You Listen to Your Advisor? M&A Advisor Opinions and Shareholder Voting -Financial Intermediation Research Society Annual Meeting : Sydney, Australia, Jun 2011

Cai, Jie , Walkling, Ralph A and Song, Moon H. Anticipation, Acquisitions and Bidder Returns: … Utah Winter Finance Conference : Snowbird, , UT Feb 2011

Cai, Jie . Shareholders’ Say on Pay: Does It Create Value? American Finance Association Meetings : San Francisco, CA Jan 2009

Cai, Jie , Walkling, Ralph A and Garner, Jacqueline L. Electing Directors Western Finance Association : Big Sky, MT Jun 2007

Cai, Jie , Walkling, Ralph A and Garner, Jacqueline L. Democracy or Disruption: An Empirical Analysis of Majority Elections Financial Management Association Meeting : Salt Lake City, UT Oct 2006

Cai, Jie and Zhang, Zhe . Capital structure dynamics and stock returns Financial Management Association Meetings : Chicago, Illinois Oct 2005

Cai, Jie . Are the S&P 500 Index Additions Free of Information? Evidence from the Price Reaction of the Industry and Size Matching Firms Financial Management Association Meetings : Chicago, Illinois Oct 2005

Cai, Jie and Vijh, Anand . Incentive Effects of Illiquid Stock and Option Holdings of Target and Acquirer CEOs Financial Management Association Meetings : Chicago, Illinois Oct 2005

Cai, Jie and Vijh, Anand . Executive Stock and Option Valuation in a Two State-Variable Framework Financial Management Association Meetings : New Orleans, Louisiana Oct 2004

Cai, Jie and Vijh, Anand . Incentive Effects of Illiquid Stock and Option Holdings of Target and Acquirer CEOs FDIC-JFSR : Arlington, Virginia Sep 2004

Cai, Jie and Houge, Todd . The Long-Term Momentum Effects of Index Rebalancing Financial Management Association Meetings : San Antonio, Texas Oct 2002

Professional Experience

Academic-Drexel University Assistant Professor Philadelphia PA Sep 2005 - Aug 2011
Academic-Drexel University Associate Professor Sep 2011 -

Awards

2012 Best Paper Award (Financial Management Association Asia Meetings )
2012 William F. Sharpe Award for Scholarship in Financial Research (Journal of Financial and Quantitative Analysis)
2011 Best Paper Award (Southern Finance Association meetings)

Areas of Expertise

  • Board of Directors
  • Corporate Control and Mergers and Acquisitions
  • Corporate Governance
  • Executive Compensation