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 (GAAP).

Research Interests

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

Recent Publications

  • 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

  • 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., & Faff, R. (2019). Predicting corporate bankruptcy: What matters?. International Review of Economics and Finance, 62, 1-19. doi:10.1016/j.iref.2019.02.016

  • Fernando, J. M. R., Li, L., & Hou, Y. (2019). Corporate governance and default prediction: a reality test. Applied Economics, 51(24), 2669-2686. doi:10.1080/00036846.2018.1558351

Find more research publications by Leon Li