Kai Li

University of British Columbia (UBC) - Sauder School of Business

W.M. Young Professor of Finance

2053 Main Mall

Vancouver, BC V6T 1Z2

Canada

http://finance.sauder.ubc.ca/~kaili

Asian Bureau of Finance and Economic Research (ABFER)

BIZ 2 Storey 4, 04-05

1 Business Link

Singapore, 117592

Singapore

China Academy of Financial Research (CAFR)

1954 Huashan Road

Shanghai P.R.China, 200030

China

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

Canadian Sustainable Finance Network (CSFN)

SCHOLARLY PAPERS

75

DOWNLOADS
Rank 608

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Top 608

in Total Papers Downloads

47,207

SSRN CITATIONS
Rank 899

SSRN RANKINGS

Top 899

in Total Papers Citations

889

CROSSREF CITATIONS

386

Scholarly Papers (75)

1.

Self-Selection Models in Corporate Finance

Robert H. Smith School Research Paper No. RHS 06-020
Number of pages: 66 Posted: 08 Nov 2005
University of British Columbia (UBC) - Sauder School of Business and The Johns Hopkins Carey Business School
Downloads 3,566 (3,752)
Citation 93

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conditional event studies, endogeneity, Heckman two-step, matching, propensity score, switching regression

2.

The Role of Corporate Culture in Bad Times: Evidence from the COVID-19 Pandemic

Journal of Financial and Quantitative Analysis, Forthcoming, European Corporate Governance Institute – Finance Working Paper No. 726/2021
Number of pages: 89 Posted: 24 Jun 2020 Last Revised: 28 Aug 2021
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business, Stevens Institute of Technology and University of Cambridge - Cambridge Judge Business School
Downloads 2,707 (6,011)
Citation 5

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corporate culture; COVID-19; pandemic; demand; supply chain; employees; community; digital transformation; new product development; human capital; machine learning; topic modelling; correlated topic model

3.

Measuring Corporate Culture Using Machine Learning

Number of pages: 104 Posted: 21 Oct 2018 Last Revised: 29 Jun 2020
University of British Columbia (UBC) - Sauder School of Business, Stevens Institute of Technology, The Chinese University of Hong Kong, Shenzhen - School of Management and Economics and University of Dayton
Downloads 2,114 (8,946)
Citation 29

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machine learning; word embedding; semi-supervised learning; corporate culture; cultural fit; acculturation; mergers and acquisitions

4.
Downloads 1,872 ( 10,925)
Citation 73

Corporate Innovations and Mergers and Acquisitions

AFA 2012 Chicago Meetings Paper
Number of pages: 66 Posted: 18 Dec 2010 Last Revised: 29 Jul 2014
Jan Bena and Kai Li
University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,030 (26,790)
Citation 63

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Asset complementarities, innovation, mergers and acquisitions, synergies, technological overlaps

Corporate Innovations and Mergers and Acquisitions

Journal of Finance, Forthcoming
Number of pages: 78 Posted: 26 Aug 2011 Last Revised: 06 Nov 2014
Jan Bena and Kai Li
University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 842 (35,585)
Citation 16

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Innovation, mergers and acquisitions, R&D expenses, patents, synergies, technological overlap

5.

Stakeholder Orientation and the Cost of Debt: Evidence from State-level Adoption of Constituency Statutes

Number of pages: 59 Posted: 03 Dec 2016 Last Revised: 14 May 2020
Huasheng Gao, Kai Li and Yujing Ma
Fanhai International School of Finance, Fudan University, University of British Columbia (UBC) - Sauder School of Business and Hong Kong Polytechnic University
Downloads 1,367 (17,921)
Citation 13

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stakeholder orientation; constituency statutes; bank loans; cost of debt; corporate social responsibility; debt overhang; legal risk; takeover deterrence

6.

Corporate Governance Requirements in Canada and the United States: A Legal and Empirical Comparison of the Principles-Based and Rules-Based Approaches

Sauder School of Business Working Paper
Number of pages: 21 Posted: 29 Mar 2006
Kai Li and Erinn B. Broshko
University of British Columbia (UBC) - Sauder School of Business and Farris, Vaughan, Wills & Murphy LLP
Downloads 1,361 (18,048)
Citation 6

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Corporate governance, rules-based approach, principles-based approach, boards, board independence

7.

Open Market Versus Tender Offer Share Repurchases: A Conditional Event Study

University of British Columbia, Finance Working Paper No. 98-2, Sauder School of Business Working Paper
Number of pages: 34 Posted: 11 Mar 1999 Last Revised: 09 May 2012
Kai Li and William J. McNally
University of British Columbia (UBC) - Sauder School of Business and Wilfrid Laurier University - School of Business & Economics
Downloads 1,243 (20,656)
Citation 7

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8.

Hedge Funds and Chapter 11

Journal of Finance, Forthcoming
Number of pages: 58 Posted: 29 Oct 2009 Last Revised: 20 Oct 2011
Wei Jiang, Kai Li and Wei Wang
Columbia Business School - Finance and Economics, University of British Columbia (UBC) - Sauder School of Business and Queen's University - Smith School of Business
Downloads 1,156 (22,992)
Citation 16

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Hedge funds, Chapter 11, Loan-to-own, APR deviation, Creditor rights

9.

Mergers and Acquisitions: The Role of Gender

Number of pages: 47 Posted: 22 Apr 2008 Last Revised: 08 Sep 2009
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Southern Methodist University
Downloads 1,146 (23,286)
Citation 16

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bid premium, CEO and director gender, cumulative abnormal announcement period return, independent versus inside female directors, mergers and acquisitions

10.

Determinants of Corporate Cash Policy: Insights from Private Firms

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 43 Posted: 18 Mar 2012 Last Revised: 21 Feb 2013
Fanhai International School of Finance, Fudan University, University of Washington and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,144 (23,335)
Citation 46

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cash holdings, financing frictions, agency conflicts, private firms, excess cash, speed of adjustment

11.

Monitoring: Which Institutions Matter?

Journal of Financial Economics, Forthcoming
Number of pages: 46 Posted: 17 Sep 2006
Kai Li, Jarrad Harford and Xia Chen
University of British Columbia (UBC) - Sauder School of Business, University of Washington and Singapore Management University
Downloads 1,124 (23,983)
Citation 230

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corporate governance, institutional investors, mergers & acquisitions, monitoring, trading

12.

Organization Capital and Mergers and Acquisitions

Number of pages: 92 Posted: 20 Oct 2014 Last Revised: 14 Feb 2017
Kai Li, Buhui Qiu and Rui Shen
University of British Columbia (UBC) - Sauder School of Business, University of Sydney Business School and The Chinese University of Hong Kong, Shenzhen - School of Management and Economics
Downloads 1,117 (24,172)
Citation 18

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corporate acquisitions, organization capital, SG&A, cost-cutting, asset turnover, innovative efficiency, withdrawn bids

13.
Downloads 1,106 ( 24,526)
Citation 2

The Valuation of IPO and SEO Firms

UBC Finance Division, Working Paper No. UBCFIN00-1, Sauder School of Business Working Paper
Number of pages: 37 Posted: 21 Jun 2001
Kai Li and Gary Koop
University of British Columbia (UBC) - Sauder School of Business and University of Leicester - Department of Economics
Downloads 1,106 (24,130)
Citation 2

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Misvaluation, Underpricing, Stochastic frontier, Bayesian inference, Gibbs sampling

The Valuation of IPO and SEO Firms

Forthcoming in Journal of Empirical Finance
Posted: 25 Jun 2001
Kai Li and Gary Koop
University of British Columbia (UBC) - Sauder School of Business and University of Leicester - Department of Economics

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Misvaluation, Underpricing, Stochastic frontier, Bayesian inference, Gibbs sampling

14.

Do Director Elections Matter?

Chicago Booth Research Paper No. 17-08
Number of pages: 67 Posted: 24 May 2015 Last Revised: 06 Jul 2017
Boston College - Department of Finance, University of British Columbia (UBC) - Sauder School of Business and Cornell University
Downloads 1,035 (27,010)
Citation 17

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director elections; director nominations; staggered boards; CEO turnover–performance sensitivity; agency problems; corporate governance

15.

National Culture and the Value Implication of Corporate Governance

Number of pages: 74 Posted: 24 Feb 2014 Last Revised: 19 Dec 2017
University of British Columbia (UBC) - Division of Marketing, University of South Carolina - Moore School of Business, University of South Carolina - Darla Moore School of Business, University of British Columbia (UBC) - Sauder School of Business and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 985 (28,987)
Citation 38

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corporate governance; firm value; hierarchical linear model; individualism; national culture; uncertainty avoidance

Diversification Benefits of Emerging Markets Subject to Portfolio Constraints

Working Paper No. UBCFIN99-5, Sauder School of Business Working Paper
Number of pages: 24 Posted: 23 Jun 2001
University of British Columbia (UBC) - Sauder School of Business, Federal Reserve Bank of New York and University of Texas at Austin - Department of Finance
Downloads 983 (28,641)
Citation 7

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International diversification, short-sale constraints, home bias, asset allocation, Bayesian inference

Diversification Benefits of Emerging Markets Subject to Portfolio Constraints

Journal of Empirical Finance, Vol. 10
Posted: 06 Jun 2003
University of British Columbia (UBC) - Sauder School of Business, Federal Reserve Bank of New York and University of Texas at Austin - Department of Finance

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International diversification, short-sale constraints, home bias, asset allocation, Bayesian inference

17.

Vote Avoidance and Shareholder Voting in Mergers and Acquisitions

Review of Financial Studies, Vol. 31, Issue 8, pp. 3176-3211, 2018, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 481/2016
Number of pages: 81 Posted: 01 Jul 2016 Last Revised: 23 Oct 2019
University of British Columbia (UBC) - Sauder School of Business, Iowa State University and University of Nebraska - Lincoln
Downloads 949 (30,568)
Citation 6

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vote avoidance; shareholder voting; mergers and acquisitions; acquirer announcement returns; regression discontinuity design; agency problems; offer premium; institutional monitoring

18.

Ownership, Institutions, and Capital Structure: Evidence from China

Number of pages: 51 Posted: 18 Mar 2006 Last Revised: 28 Jul 2015
Kai Li, Heng Yue and Longkai Zhao
University of British Columbia (UBC) - Sauder School of Business, Singapore Management University - School of Accountancy and Peking University - Department of Finance
Downloads 900 (32,961)
Citation 34

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foreign ownership, leverage, long-term debt, marketization, short-term debt, state ownership

19.

Information Signaling or Agency Conflicts: What Explains Canadian Open Market Share Repurchases?

University of British Columbia, Finance Working Paper No. 97-13, Sauder School of Business Working Paper
Number of pages: 30 Posted: 11 Mar 1999
Kai Li and William J. McNally
University of British Columbia (UBC) - Sauder School of Business and Wilfrid Laurier University - School of Business & Economics
Downloads 890 (33,421)
Citation 10

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20.

Debt Specialization

Number of pages: 56 Posted: 11 Dec 2009 Last Revised: 28 Mar 2012
Bocconi University - Department of Finance, Universitat Pompeu Fabra - Faculty of Economic and Business SciencesBarcelona Graduate School of Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 801 (38,668)
Citation 4

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debt specialization, debt structure, commercial paper, drawn credit lines, term loans, senior bonds and notes, subordinated bonds and notes, capital leases

21.
Downloads 786 ( 39,683)
Citation 33

Debt Specialization

AFA 2012 Chicago Meetings Paper, Journal of Finance, Forthcoming
Number of pages: 49 Posted: 19 Mar 2011 Last Revised: 07 Sep 2012
University of British Columbia (UBC) - Sauder School of Business, Bocconi University - Department of Finance and Universitat Pompeu Fabra - Faculty of Economic and Business SciencesBarcelona Graduate School of Economics
Downloads 671 (48,493)
Citation 14

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debt specialization, debt structure, commercial paper, revolving credit facilities, term loans, senior bonds and notes, subordinate bonds and notes, capital leases

Debt Specialization

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 49 Posted: 18 Sep 2011
Universitat Pompeu Fabra - Faculty of Economic and Business SciencesBarcelona Graduate School of Economics, University of British Columbia (UBC) - Sauder School of Business and Bocconi University - Department of Finance
Downloads 115 (300,073)
Citation 31

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debt specialization, debt structure, commercial paper, drawn credit lines, term loans, senior bonds and notes, subordinated bonds and notes, capital leases

22.

How Does Culture Influence Corporate Risk-Taking?

Number of pages: 45 Posted: 15 Mar 2012 Last Revised: 28 Jul 2015
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Division of Marketing, Singapore Management University - School of Accountancy and Peking University - Department of Finance
Downloads 738 (43,263)
Citation 19

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earnings discretion, formal institutions, harmony, individualism, national culture, corporate risk-taking, uncertainty avoidance

23.

Are CEOs in Public U.S. Firms Overpaid? New Evidence from Private Firms

Number of pages: 49 Posted: 17 Mar 2010 Last Revised: 19 Mar 2012
Fanhai International School of Finance, Fudan University, University of British Columbia (UBC) - Sauder School of Business and University of Utah - Department of Finance
Downloads 734 (43,582)
Citation 3

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CEO annual compensation; equity incentives; pay structure; pay-performance sensitivity; private firms; public firms

24.

The Valuation of IPO, Seo and Post-Chapter 11 Firms: A Stochastic Frontier Approach

UBCFIN98-9, Sauder School of Business Working Paper
Number of pages: 29 Posted: 25 Aug 1998
Kai Li and Gary Koop
University of British Columbia (UBC) - Sauder School of Business and University of Leicester - Department of Economics
Downloads 721 (44,593)
Citation 1

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25.

A Comparison of CEO Pay-Performance Sensitivity in Privately-Held and Public Firms

Number of pages: 55 Posted: 30 Apr 2012 Last Revised: 11 Sep 2015
Huasheng Gao and Kai Li
Fanhai International School of Finance, Fudan University and University of British Columbia (UBC) - Sauder School of Business
Downloads 677 (48,560)
Citation 7

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CEO pay; ownership concentration; pay-performance sensitivity; privately-held firms

26.

Determinants of Corporate Cash Policy: A Comparison of Public and Private Firms

Number of pages: 43 Posted: 11 Dec 2010 Last Revised: 03 Apr 2012
Fanhai International School of Finance, Fudan University, University of Washington and University of British Columbia (UBC) - Sauder School of Business
Downloads 669 (49,332)
Citation 7

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Cash Holdings, Cash-to-Cash Flow Sensitivity, Agency Conflicts, Financing Frictions, Private Firms

27.

Debtor-in-Possession Financing, Loan-to-Loan, and Loan-to-Own

Number of pages: 41 Posted: 07 Jun 2013 Last Revised: 22 Jun 2016
Kai Li and Wei Wang
University of British Columbia (UBC) - Sauder School of Business and Queen's University - Smith School of Business
Downloads 661 (50,028)
Citation 8

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DIP financing; activist investors; board turnover; CEO turnover; Chapter 11; creditor control; loan-to-own; loan-to-loan

28.

Corporate Boards and the Leverage and Debt Maturity Choices

Number of pages: 36 Posted: 16 Mar 2006
University of Washington, University of British Columbia (UBC) - Sauder School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 658 (50,349)
Citation 17

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leverage, debt maturity, board effectiveness, incentive alignment, director power, governance

29.

CEO Turnover-Performance Sensitivities in Private Firms

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 60 Posted: 11 Jan 2014 Last Revised: 03 Oct 2015
Fanhai International School of Finance, Fudan University, University of Washington and University of British Columbia (UBC) - Sauder School of Business
Downloads 642 (52,048)
Citation 16

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agency problems; CEO turnover; CEO turnover-performance sensitivity; investor horizon; investor myopia; private firms

30.

Director Gender and Mergers and Acquisitions

Number of pages: 44 Posted: 09 May 2012 Last Revised: 08 Nov 2013
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Southern Methodist University
Downloads 626 (53,820)
Citation 28

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director gender, bid initiation, bid premium, mergers and acquisitions, overconfidence, risk aversion

31.

The Real Effect of Smoking Bans: Evidence from Corporate Innovation

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 88 Posted: 13 Aug 2016 Last Revised: 10 Jun 2020
Fanhai International School of Finance, Fudan University, National Tsing Hua University - Department of Quantitative Finance, University of British Columbia (UBC) - Sauder School of Business and Monash University
Downloads 603 (56,420)
Citation 5

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Innovation, Smoking Bans, Patent, Patent Citation, Inventor Productivity, Inventor Relocation

32.

Board Gender Diversity and Corporate Innovation: International Evidence

Number of pages: 70 Posted: 05 Nov 2018 Last Revised: 26 Sep 2019
Dale W. Griffin, Kai Li and Ting Xu
University of British Columbia (UBC) - Division of Marketing, University of British Columbia (UBC) - Sauder School of Business and University of Virginia - Darden School of Business
Downloads 574 (59,981)
Citation 2

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board gender diversity; corporate innovation; patent novelty; innovative efficiency; CEO incentives; corporate culture; inventor diversity

33.

Do lenders extract rents when financing bankrupt firms?

Number of pages: 64 Posted: 16 May 2019 Last Revised: 07 Oct 2021
B. Espen Eckbo, Kai Li and Wei Wang
Tuck School of Business at Dartmouth, University of British Columbia (UBC) - Sauder School of Business and Queen's University - Smith School of Business
Downloads 542 (64,439)
Citation 4

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debtor-in-possession financing; Chapter 11; loan spreads; loan fees; default risk; leveraged loans; relationship lending

Conflicts of Interests Among Shareholders: The Case of Corporate Acquisitions

MIT Sloan Research Paper No. 4653-07, Rock Center for Corporate Governance Working Paper No. 35
Number of pages: 50 Posted: 01 Dec 2006 Last Revised: 29 Sep 2009
University of British Columbia (UBC) - Sauder School of Business, University of Washington and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 487 (72,913)

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cross-holdings, shareholder heterogeneity, target selection, mergers and acquisitions, toeholds, synergies, agency

Conflicts of Interests Among Shareholders: The Case of Corporate Acquisitions

NBER Working Paper No. w13274
Number of pages: 49 Posted: 23 Jul 2007 Last Revised: 10 Oct 2021
University of Washington, University of British Columbia (UBC) - Sauder School of Business and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 46 (504,370)

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35.

Innovation Strategy of Private Firms

Number of pages: 54 Posted: 12 Mar 2014 Last Revised: 16 Aug 2017
Fanhai International School of Finance, Fudan University, National Tsing Hua University - Department of Quantitative Finance and University of British Columbia (UBC) - Sauder School of Business
Downloads 532 (66,010)
Citation 25

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innovation strategy; exploratory innovation; exploitative innovation; investment horizons; private firms; public firms

36.

Do Voting Rights Affect Institutional Investment Decisions? Evidence from Dual-Class Firms

Number of pages: 58 Posted: 08 Dec 2006 Last Revised: 08 Sep 2009
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 531 (66,147)
Citation 10

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corporate governance, dual-class firms, institutional investors, ownership structure, unification, voting rights

37.

Technology Conglomeration, Strategic Alliances, and Corporate Innovation

Number of pages: 73 Posted: 16 Aug 2014 Last Revised: 06 Mar 2018
Kai Li, Jiaping Qiu and Jin Wang
University of British Columbia (UBC) - Sauder School of Business, McMaster University - Michael G. DeGroote School of Business and Wilfrid Laurier University - Lazaridis School of Business & Economics
Downloads 528 (66,625)
Citation 5

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firm-to-economy technological proximity, technology conglomeration, innovation, synergy, strategic alliances, knowledge pooling, cross-fertilization, tolerance for failure

38.

When Shareholders are Creditors: Effects of the Simultaneous Holding of Equity and Debt by Institutional Investors

EFA 2009 Bergen Meetings Paper
Number of pages: 53 Posted: 14 Jul 2008 Last Revised: 25 Jul 2011
Wei Jiang, Kai Li and Pei Shao
Columbia Business School - Finance and Economics, University of British Columbia (UBC) - Sauder School of Business and University of Northern British Columbia
Downloads 524 (67,249)
Citation 3

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shareholder-debtholder conflicts, dual-holding, institutional investors, syndicated loans

39.

Decoupling CEO Wealth and Firm Performance: The Case of Acquiring CEOS

Sauder School of Business Working Paper
Number of pages: 50 Posted: 17 Mar 2005
Kai Li and Jarrad Harford
University of British Columbia (UBC) - Sauder School of Business and University of Washington
Downloads 505 (70,449)
Citation 34

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acquisitions, capital expenditures, corporate governance, equity incentives, pay-performance sensitivity

40.

CEO Pay Cuts and Forced Turnover: Their Causes and Consequences

Journal of Corporate Finance, Forthcoming
Number of pages: 48 Posted: 19 Mar 2009 Last Revised: 02 Jan 2012
Fanhai International School of Finance, Fudan University, University of Washington and University of British Columbia (UBC) - Sauder School of Business
Downloads 501 (71,178)
Citation 4

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CEO turnover, corporate governance, executive compensation, pay cuts, pay-for-performance sensitivity

41.

Men are from Mars, Women are from Venus: Gender and Mergers and Acquisitions

Number of pages: 33 Posted: 15 Mar 2011
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Southern Methodist University
Downloads 436 (84,038)
Citation 7

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42.

National Culture and the Value Implications of Corporate Environmental and Social Performance

Number of pages: 62 Posted: 08 Oct 2018 Last Revised: 21 Sep 2021
University of British Columbia (UBC) - Division of Marketing, University of South Carolina - Moore School of Business, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia, Sauder School of Business
Downloads 426 (86,365)
Citation 3

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individualism; national culture; environmental performance; social performance; firm value; internationalization; hierarchical linear model

Privatization and Risk Sharing: Evidence from the Split Share Structure Reform in China

Review of Financial Studies, Forthcoming
Number of pages: 40 Posted: 17 Mar 2010 Last Revised: 07 Jun 2012
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Division of Finance, The Education University of Hong Kong and School of International Trade and Economics, University of International Business and Economics
Downloads 310 (122,744)
Citation 1

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bargaining power, compensation ratio, price impact, risk sharing, share issue privatization

Privatization and Risk Sharing: Evidence from the Split Share Structure Reform in China

Number of pages: 43 Posted: 18 May 2011
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Division of Finance, The Education University of Hong Kong and School of International Trade and Economics, University of International Business and Economics
Downloads 100 (330,853)
Citation 18

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bargaining power, compensation ratio, price impact, risk sharing, share issue privatization

Bayesian Analysis of Duration Models: An Application to Chapter 11 Bankruptcy

University of British Columbia, Finance Working Paper No. 99-1, Sauder School of Business Working Paper
Number of pages: 12 Posted: 02 Mar 1999
Kai Li
University of British Columbia (UBC) - Sauder School of Business
Downloads 402 (91,596)
Citation 4

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Bayesian Analysis of Duration Models: An Application to Chapter 11 Bankruptcy

Economics Letters, 1999
Posted: 02 Mar 1999
Kai Li
University of British Columbia (UBC) - Sauder School of Business

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45.

Debt Structure

Number of pages: 46 Posted: 23 Oct 2019 Last Revised: 07 Jul 2020
Bocconi University - Department of Finance, Universitat Pompeu Fabra - Faculty of Economic and Business SciencesBarcelona Graduate School of Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 398 (93,433)
Citation 5

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capital structure; debt structure; debt specialization; maturity; priority; bank loans; corporate bonds; credit lines; commercial paper; capital leases; bankruptcy costs; creditor conflicts; coordination failure; information asymmetry; credit market access; types of assets

46.

Should Us Investors Hold Foreign Stocks?

Current Issues in Economics and Finance, Vol. 8, No. 3, March 2002, Sauder School of Business Working Paper
Number of pages: 6 Posted: 15 Sep 2004
Kai Li and Asani Sarkar
University of British Columbia (UBC) - Sauder School of Business and Federal Reserve Bank of New York
Downloads 381 (98,339)

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International diversification, Short-sale constraints, Home bias, Asset allocation

47.

Going Public and Innovation Strategy: The Role of Ownership Structure

Number of pages: 57 Posted: 30 Jul 2018 Last Revised: 25 Nov 2020
INSEAD - Singapore, Fanhai International School of Finance, Fudan University, National Tsing Hua University - Department of Quantitative Finance and University of British Columbia (UBC) - Sauder School of Business
Downloads 361 (104,465)

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Innovation strategy; exploration and exploitation; IPO; private versus public ownership; ownership structure

48.

Deal or No Deal: Hormones and the Mergers and Acquisitions Game

Number of pages: 46 Posted: 22 Mar 2009 Last Revised: 17 Sep 2010
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Southern Methodist University
Downloads 331 (115,055)
Citation 8

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mergers and acquisitions, male dominance seeking, CEO testosterone, bid initiation, bid withdrawal, tender offers

49.

Asymmetric Information and Dividend Policy

Number of pages: 35 Posted: 09 Feb 2007
Kai Li and Xinlei Shelly Zhao
University of British Columbia (UBC) - Sauder School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 317 (120,632)
Citation 11

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asymmetric information, dividend initiation, dividend increase, dividend payout, repurchase, information environment

50.

A Bayesian Analysis of a Variance Decomposition for Stock Returns

Sauder School of Business Working Paper
Number of pages: 26 Posted: 19 Nov 2002
Carnegie Mellon University - David A. Tepper School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Leicester - Department of Economics
Downloads 306 (125,187)
Citation 1

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vector autoregression, priors, initial conditions, nonlinear functions

51.

How Does Culture Influence Corporate Risk-Taking?

Number of pages: 51 Posted: 05 Mar 2010 Last Revised: 28 Jul 2015
University of British Columbia (UBC) - Division of Marketing, University of British Columbia (UBC) - Sauder School of Business, Singapore Management University - School of Accountancy and Peking University - Department of Finance
Downloads 304 (126,014)
Citation 27

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harmony, individualism, national culture, risk-taking, uncertainty avoidance

The Growth in Equity Market Size and Trading Activity: An International Study

Sauder School of Business Working Paper
Number of pages: 57 Posted: 29 Mar 2006
Kai Li
University of British Columbia (UBC) - Sauder School of Business
Downloads 205 (186,009)

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laws and institutions, value traded, turnover, stochastic frontier, Bayesian inference

The Growth in Equity Market Size and Trading Activity: An International Study

Journal of Empirical Finance, Vol. 14, pp. 59-90, 2007
Number of pages: 32 Posted: 22 Feb 2007
Kai Li
University of British Columbia (UBC) - Sauder School of Business
Downloads 90 (354,198)
Citation 1

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Laws and institutions, Value traded, Turnover, Stochastic frontier, Bayesian inference

53.

Inter-firm Inventor Collaboration and Path-breaking Innovation: Evidence from Inventor Teams Post-merger

Number of pages: 67 Posted: 10 Apr 2020 Last Revised: 21 Sep 2021
Kai Li and Jin Wang
University of British Columbia (UBC) - Sauder School of Business and Wilfrid Laurier University - Lazaridis School of Business & Economics
Downloads 267 (144,359)

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human capital synergies, mergers and acquisitions, inter-firm inventor collaboration, knowledge spillovers, radical innovation, impactful innovation, valuable innovation

54.

Country of Origin Effects in Capital Structure Decisions: Evidence from Foreign Direct Investments in China

Number of pages: 61 Posted: 06 Mar 2009
University of British Columbia (UBC) - Division of Marketing, University of British Columbia (UBC) - Sauder School of Business, Singapore Management University - School of Accountancy and Peking University - Department of Finance
Downloads 262 (147,105)
Citation 3

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country of origin, embeddedness, foreign direct investments, leverage, mastery, uncertainty avoidance

Testing Symmetry and Proportionality in PPP: A Panel Data Approach

University of British Columbia Finance WP No. 97-11, Sauder School of Business Working Paper
Number of pages: 33 Posted: 27 Feb 1999
Kai Li
University of British Columbia (UBC) - Sauder School of Business
Downloads 229 (167,303)

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Testing Symmetry and Proportionality in PPP: A Panel Data Approach

Journal of Business and Economic Statistics
Posted: 27 Feb 1999
Kai Li
University of British Columbia (UBC) - Sauder School of Business

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56.

National Culture and Capital Structure Decisions: Evidence from Foreign Joint Ventures in China

Number of pages: 49 Posted: 14 Sep 2010
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Division of Marketing, Singapore Management University - School of Accountancy and Peking University - Department of Finance
Downloads 228 (168,445)
Citation 6

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Country of Origin, Cultural Values, Embeddedness, Foreign Direct Investments, Leverage, Mastery

Confidence in the Familiar: An International Perspective

Sauder School of Business Working Paper
Number of pages: 37 Posted: 12 Jun 2003
Kai Li
University of British Columbia (UBC) - Sauder School of Business
Downloads 218 (175,531)
Citation 9

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asset pricing models, Bayesian, country-specific risk, home bias, panel data

Confidence in the Familiar: An International Perspective

Journal of Financial and Quantitative Analysis, Forthcoming
Posted: 12 Jun 2003
Kai Li
University of British Columbia (UBC) - Sauder School of Business

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asset pricing models, Bayesian, country-specific risk, home bias, panel data

58.

Relationship between Maternal Behavior During Pregnancy, Birth Outcome, and Early Childhood Development: An Exploratory Study

CESifo Working Paper Series No. 1030, Sauder School of Business Working Paper
Number of pages: 25 Posted: 27 May 2003
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine
Downloads 202 (188,790)

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endogeneity, birth weight, NLSY, prediction, simultaneous equations

59.

The Regulatory and Capital-Market Effects of a U.S. Approach to Enforcement: Evidence from China

Number of pages: 79 Posted: 31 Dec 2019 Last Revised: 07 Jul 2021
IESEG School of Management, University of British Columbia (UBC) - Sauder School of Business, University of Cambridge - Judge Business School and Simon Fraser University (SFU)
Downloads 194 (195,758)
Citation 2

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enforcement, disclosure, comment letter, regulatory incentives; capital-market effects, LDA analysis, KL-divergence

Exchange Rate Target Zone Models: A Bayesian Evaluation

University of British Columbia, Finance Working Paper No. 97-8, Sauder School of Business Working Paper
Number of pages: 47 Posted: 27 Feb 1999
Kai Li
University of British Columbia (UBC) - Sauder School of Business
Downloads 180 (209,232)

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Exchange Rate Target Zone Models: A Bayesian Evaluation

Journal of Applied Econometrics
Posted: 27 Feb 1999
Kai Li
University of British Columbia (UBC) - Sauder School of Business

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61.

An Analysis of Own Account Trading by Dual Traders in Futures Markets: A Bayesian Approach

University of British Columbia, Finance Working Paper No. 99-9, Sauder School of Business Working Paper
Number of pages: 48 Posted: 06 Mar 2000
Kai Li and Sugato Chakravarty
University of British Columbia (UBC) - Sauder School of Business and affiliation not provided to SSRN
Downloads 176 (213,326)

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An Examination of Own Account Trading by Dual Traders in Futures Markets

Sauder School of Business Working Paper
Number of pages: 31 Posted: 20 Jul 2002
Kai Li and Sugato Chakravarty
University of British Columbia (UBC) - Sauder School of Business and affiliation not provided to SSRN
Downloads 163 (227,987)
Citation 8

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dual trading, front running, informed trader, inventory, liquidity

An Examination of Own Account Trading by Dual Traders in Futures Markets

Forthcoming in Journal of Financial Economics
Posted: 06 Aug 2002
Kai Li and Sugato Chakravarty
University of British Columbia (UBC) - Sauder School of Business and affiliation not provided to SSRN

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dual trading, front running, informed trader, inventory, liquidity

63.

Are Women More Likely to Seek Advice than Men? Evidence from the Boardroom

Journal of Risk and Financial Management, Vol. 8, pp. 127-149, 2015, DOI: 10.3390/jrfm8010127
Number of pages: 23 Posted: 13 Feb 2015 Last Revised: 14 Feb 2015
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Southern Methodist University
Downloads 132 (269,987)
Citation 1

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seeking advice; financial advisors; director gender; overconfidence; takeovers

A Bayesian Analysis of Dual Trader Informativeness in Futures Markets

Sauder School of Business Working Paper
Number of pages: 26 Posted: 27 Aug 2002
Sugato Chakravarty and Kai Li
affiliation not provided to SSRN and University of British Columbia (UBC) - Sauder School of Business
Downloads 131 (272,539)

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endogeneity, heterogeneity, informed trader, Markov chain Monte Carlo, private information, simultaneous equations

A Bayesian Analysis of Dual Trader Informativeness in Futures Markets

Forthcoming in Journal of Empirical Finance
Posted: 27 Aug 2002
Kai Li and Sugato Chakravarty
University of British Columbia (UBC) - Sauder School of Business and affiliation not provided to SSRN

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endogeneity, heterogeneity, informed trader, Markov chain Monte Carlo, private information, simultaneous equations

65.

Consolidating Product Lines via Mergers and Acquisitions: Evidence from the USPTO Trademark Data

Number of pages: 62 Posted: 14 Jul 2017 Last Revised: 05 May 2021
National Tsing Hua University - Department of Quantitative Finance, University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Fudan University - School of Economics
Downloads 100 (328,544)

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trademarks; product lines; mergers and acquisitions; product market competition; cost efficiency

66.

An Econometric Model of Birth Inputs and Outputs: A Detailed Report

UBCFIN00-3, Sauder School of Business Working Paper
Number of pages: 93 Posted: 26 Jun 2000
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine
Downloads 100 (328,544)
Citation 4

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67.

Risk Homeostasis and Corporate Acquisitions

Number of pages: 35 Posted: 12 Aug 2010 Last Revised: 01 Oct 2012
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Southern Methodist University
Downloads 93 (344,125)

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Mergers and Acquisitions, Return Correlation, Risk Dynamics, Risk Homeostasis

An Econometric Model of Birth Inputs and Outputs for Native Americans

Univ. of British Columbia Working Paper No. FIN99-7, Sauder School of Business Working Paper
Number of pages: 38 Posted: 02 Dec 1999
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine
Downloads 92 (349,217)
Citation 4

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Bayesian, Birth length, Birth weight, Drinking, Gestation, Prenatal care, Simultaneity, Smoking, Weight gain

An Econometric Model of Birth Inputs and Outputs for Native Americans

Journal of Econometrics, Forthcoming
Posted: 26 Aug 2002
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine

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Bayesian, Birth length, Birth weight, Drinking, Gestation, Prenatal care, Simultaneity, Smoking, Weight gain

Bayesian Analysis of an Econometric Model of Birth Inputs and Outputs

Sauder School of Business Working Paper
Number of pages: 39 Posted: 13 Nov 2002
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine
Downloads 84 (369,912)
Citation 6

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Birth weight, NLSY, simultaneity

Bayesian Analysis of an Econometric Model of Birth Inputs and Outputs

Journal of Population Economics, Forthcoming
Posted: 13 Nov 2002
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine

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Birth weight, NLSY, simultaneity

Using the National Longitudinal Survey of Youth in the Us to Study the Birth Process: A Bayesian Approach

U of British Columbia Working Paper No. UBCFIN01-1, Sauder School of Business Working Paper
Number of pages: 16 Posted: 29 Jul 2001
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine
Downloads 64 (431,901)
Citation 3

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birth length, birth weight, drinking, gestation, NLSY, prenatal care, simultaneity, smoking, weight gain

Using the National Longitudinal Survey of Youth in the Us to Study the Birth Process: A Bayesian Approach

Forthcoming in Research in Official Statistics
Posted: 14 Aug 2001
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine

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birth length, birth weight, drinking, gestation, NLSY, prenatal care, simultaneity, smoking, weight gain

71.

The Roles of Birth Inputs and Outputs in Predicting Health, Behavior, and Test Scores in Early Childhood

Sauder School of Business Working Paper
Number of pages: 34 Posted: 29 Jul 2003
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine
Downloads 60 (440,114)
Citation 2

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early childhood development, birth weight, maternal behavior during pregnancy, endogeneity, NLSY, Bayesian

72.

Corporate Decisions, Information and Prices: Do Managers Move Prices or Do Prices Move Managers?

Number of pages: 28 Posted: 03 Jul 2004
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Division of Finance and Carnegie Mellon University - David A. Tepper School of Business
Downloads 14 (684,772)
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73.

Debt Structure

Annual Review of Financial Economics, Vol. 12, pp. 193-215, 2020
Posted: 10 Dec 2020
Bocconi University, Universitat Pompeu Fabra - Faculty of Economic and Business SciencesBarcelona Graduate School of Economics and University of British Columbia (UBC) - Sauder School of Business

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74.

An Econometric Analysis of the Birth Process by Racial/Ethnic Groups

BAYESIAN METHODS WITH APPLICATIONS TO SCIENCE, POLICY, AND OFFICIAL STATISTICS, Selected Papers from ISBA 2000: The Sixth World Meeting of the International Society for Bayesian Analysis, Forthcoming
Posted: 21 Jun 2001
Kai Li and Dale J. Poirier
University of British Columbia (UBC) - Sauder School of Business and University of California, Irvine

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alcohol, Bayesian, birth length, birth weight, gestation, NLSY, prenatal care, simultaneity, smoking, weight gain

75.

Bayesian Inference in a Simultaneous Equation Model with Limited Dependent Variables

Journal of Econometrics, Vol. 85, No. 2, 1998
Posted: 24 Aug 1998
Kai Li
University of British Columbia (UBC) - Sauder School of Business

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