Assoc Prof Leon Li

Leon Li

Associate Professor of Finance
Subject Convenor, Finance



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

Contact Details

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

Papers Taught

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).

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/

  • Alhassan, A., Li, L., Reddy, K., & Duppati, G. (2019). The impact of formal financial inclusion on informal financial intermediation and cash preference: evidence from Africa. Applied Economics, 51(42), 4597-4614. doi:10.1080/00036846.2019.1593316

  • 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

  • Alhassan, A., Li, L., Reddy, K., & Duppati, G. (2019). The relationship between political instability and financial inclusion: Evidence from Middle East and North Africa. International Journal of Finance & Economics, online, 22 pages. doi:10.1002/ijfe.1793

Find more research publications by Leon Li