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

Dr Li has been teaching finance for 20 years. He joined the University of Waikato in 2015. All the universities where Dr Li studied and taught are AACSB-accredited. 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 Supervised

PhD student: Shang-En Yu, Thesis title: Three essays on CEO equity-based compensation, completed in 2010.

PhD student: Abidin Alhassan, Thesis title: Three essays on financial inclusion in Africa, completed in 2019.

PhD student: Ruwani Fernando, Thesis title: Three essays on corporate defaults: Special reference to corporate governance, default correlations and capital structure adjustment, completed in 2019 (2020 INFINZ Theses Prize).

Research Interests

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

Recent Publications

  • Li, L. (2021). Risk of investing in volatility products: A regime-switching approach. Investment Analysts Journal, 50(1), 1-16. doi:10.1080/10293523.2020.1814047

  • Li, L., Hwang, N. C. R., & Nartea, G. V. (2021). Earnings management and earnings predictability: A quantile regression approach. Australian Journal of Management, 46(3), 389-408. doi:10.1177/0312896220945759

  • Fernando, J., Li, L., & Hou, G. (2021). Heterogeneity in capital structure adjustment revisited: Default versus non-default firms and short versus long time horizon. International Review of Economics & Finance, 76, 185-204. doi:10.1016/j.iref.2021.06.001

  • Li, L., & Scrimgeour, F. (2021). The co-integration of CDS and bonds in time-varying volatility dynamics: do credit risk swaps lower bond risks?. Studies in Nonlinear Dynamics & Econometrics, online, 23 pages. doi:10.1515/snde-2019-0141

Find more research publications by Leon Li



Contact Details

Email: [email protected]
Room: MSB.2.28
Phone: +64 7 858 5650