Assoc Prof Leon Li

Leon Li

Associate Professor of Finance
Subject Convenor, Finance

Qualifications: PhD in Finance, Financial Risk Manager (FRM®) and Fulbright Scholar

About Leon

Prior to joining the University of Waikato in 2015, Dr Li taught at National Cheng Kung University, Taiwan (AACSB-accredited) for 10 years. He also served as the Fulbright Visiting Scholar at the University of Dayton, USA in the academic year of 2011-2012. Dr Li is a certified Financial Risk Manager from Global Association of Risk Professionals (GARP).

Papers Taught

Research Interests

Risk Management/Measurement, Earnings Management, CEO Compensation, Asset Pricing Anomalies, Equity Markets Linkage, Portfolio Management

Recent Publications

  • Li, L. (2019). Is there a trade-off between accrual-based and real earnings management? Evidence from equity compensation and market pricing. Finance Research Letters, 28, 191-197. doi:10.1016/

  • Li, L., & Hwang, N. C. R. (2019). Do market participants value earnings management? An analysis using the quantile regression method. Managerial Finance, 45(1), 103-123. doi:10.1108/MF-02-2018-0087

  • Fernando, J., Li, L., & Hou, Y. (2019). Financial versus non-financial information for default prediction: Evidence from Sri Lanka and the USA. Emerging Markets Finance and Trade, online, 21 pages. doi:10.1080/1540496X.2018.1545644

  • Fernando, J., Li, L., & Hou, Y. (2019). Corporate governance and correlation in corporate defaults. Corporate Governance: An International Review, online. doi:10.1111/corg.12306 Open Access version:

Find more research publications by Leon Li



Contact Details

Room: MSB.2.28
Phone: +64 7 858 5650