Prof. Leon LI

Waikato Management School

University of Waikato

New Zealand

Email: leonli@waikato.ac.nz

Qualifications

2000 Ph.D. in Finance, National Cheng Chi University, Taiwan

1994 B.S. in Physics, National Central University, Taiwan

Publications (Selected)

1. Li, L.* (2020) Risk of investing in volatility products: A regime-switching approach, Investment Analysts Journal, accepted and forthcoming. [SSCI and ABDC rank = B]
2. Li, L.* and Miu, P. (2020) Behavioral heterogeneity in the stock market revisited: What factors drive investors as fundamentalists or chartists? Journal of Behavioral Finance, accepted and forthcoming. [SSCI and ABDC rank = A]
3. Li, L.*, Hwang, R. and Nartea, G. (2020) Earnings management and earnings predictability: A quantile regression approach, Australian Journal of Management, online, https://doi.org/10.1177/0312896220945759. [SSCI and ABDC rank = A]
4. Alhassan, A., Li L.*, Reddy, K. and Duppati, G. (2020) Consumer acceptance and continuance of mobile money: Secondary data insights from Africa using the technology acceptance model, Australasian Journal of Information Systems 24, 1-25. [ABDC rank = A]
5. Fernando, R., Li, L.* and Hou, G. (2019) Corporate governance and correlation in corporate defaults, Corporate Governance: An International Review 28, 188-206 (Leading article). [SSCI and ABDC rank = A]
6. Fernando, R., Li, L.* and Hou, G. (2020) Financial versus non-financial information for default prediction: Evidence from Sri Lanka and the USA, Emerging Markets Finance and Trade 56, 673-692. [SSCI and ABDC rank = B]
7. Hunjra, A.I., Perveen, U., Li, L., Chani, M.I. and Mehmood, R. (2020) Impact of ownership concentration, institutional ownership and earnings Management on stock market liquidity, Corporate Ownership and Control 17, 77-87. [ABDC rank = B]
8. Alhassan, A., Li L.*, Reddy, K. and Duppati, G. (2019) The relationship between political instability and financial inclusion: Evidence from the Middle East and North Africa, International Journal of Finance and Economics, online, doi:10.1002/ijfe.1793. [SSCI and ABDC rank = B]
9. Li, L.* and Faff, R. (2019) Predicting corporate bankruptcy: What matters? International Review of Economics and Finance 62, 1-19 (Leading article). [SSCI and ABDC rank = A]
10. Alhassan, A., Li, L.*, Reddy, K. and Duppati, G. (2019) The impact of formal financial inclusion on informal financial intermediation and cash preference: Evidence from Africa, Applied Economics 51, 4597-4614. [SSCI and ABDC rank = A]
11. Fernando, R., Li, L.* and Hou, G. (2019) Corporate governance and default prediction: A reality test, Applied Economics 51, 2669-2686. [SSCI and ABDC rank = A]
12. Li, L.* and Hwang, N.C. (2019) Do market participants value earnings management? An analysis using the quantile regression method, Managerial Finance 45, 103-123. [ABDC rank = B]
13. 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. [SSCI and ABDC rank = B]
14. Li, L.* and Chen, C. (2018) The domino effect of credit defaults: A test of asymmetric default correlations using realized default data, Applied Economics 50, 4803-4813. [SSCI and ABDC rank = A]
15. Li, L.* (2017) Dynamic correlations and domestic-global diversification, Research in International Business and Finance 39, 280-290. [SSCI and ABDC rank = B]
16. Li, L.* (2017) Testing and comparing the performance of dynamic variance and correlation models in value-at-risk estimation, North American Journal of Economics and Finance 40, 116-135. [SSCI and ABDC rank = B]
17. Duppati, G., Kumar, A.S., Scrimgeour, F. and Li, L. (2017) Long memory volatility in Asian stock markets, Pacific Accounting Review 29, 423-442. [ABDC rank = B]
18. Li, L.*, and Kuo, C.S. (2017) CEO equity compensation and earnings management: The role of growth opportunities, Finance Research Letters 20, 289-295. [SSCI and ABDC rank= B]
19. Li, L.* and Chen, C. (2016) Analysts' forecast dispersion and stock returns: a panel threshold regression analysis based on conditional limited market participation hypothesis, Finance Research Letters 18, 100-107. [SSCI and ABDC rank = B]
20. Li, L.*, Holmes, M. and Lee, B.S. (2016) The asymmetric relationship between executive earnings management and compensation: A panel threshold regression approach, Applied Economics 48, 5525-5545. [SSCI and ABDC rank = A]
21. Lee, B.S. and Li, L.* (2016) The idiosyncratic risk-return relation: A quantile regression approach based on the prospect theory, Journal of Behavioral Finance 17, 124-143. [SSCI and ABDC rank = A]
22. Li, L.*, Yang, T.H. and Yu, S.E. (2015) CEO stock-based incentive compensation and firm performance: A quantile regression approach, Journal of International Financial Management and Accounting 26, 39-71. [SSCI and ABDC rank = B]
23. Li, L.* and Wu, J.S. (2014) Analysts' forecast dispersion and stock returns: A quantile regression approach, Journal of Behavioral Finance 15, 175-183. [SSCI and ABDC rank= A]
24. Kuo, C.S., Li, L.* and Yu, S.E. (2013) Non-uniform effects of CEO equity-based compensation on firm performance: An application of a panel threshold regression model, British Accounting Review 45, 203-214. [SSCI and ABDC rank = A]
25. Li, L.* (2013) Reexamining the relationship between oil prices and U.S. economy using quantile regression approach, Energy Sources, Part B 8, 304-311. [SCI]
26. Lee, B.S. and Li, L.* (2012) Diversification and risk-adjusted performance: A quantile regression approach, Journal of Banking and Finance 36, 2157-2173. [SSCI and ABDC rank = A*]
27. Li, L.* (2012) Modeling the natural gas spot-futures markets as a regime switching vector error correction model, Energy Sources, Part B 7, 301-313. [SCI]
28. Kuo, C.H. and Li, L. (2012). Management of employee stock option pricing model input assumptions. Taiwan Accounting Review 8, 1-27.
29. Li, L.* and Hwang, N.C. (2011) Effect of firm size, financial leverage, and R&D expenditures on firm earnings: An analysis using quantile regression approach, Abacus-A Journal of Accounting Finance and Business Studies 47, 182-204. [SSCI and ABDC rank = A]
30. Chen, C., Li, L.*, Chou, Y., Chen, L. and Liou, W. (2011) Are large banks less risky? Service Industries Journal 31, 2111-2116. [SSCI and ABDC rank = B]
31. Li, L.* and Yu, S.E. (2011) Do large firms overly use stock-based incentive compensation? Journal of Applied Statistics 38, 1591-1606. [SCI and ABDC rank = B]
32. Li, L.* and Yen, M.F. (2011) Reexamining dynamic covariance risk in global stock markets using quantile regression analysis, Acta Oeconomica 61, 33-59. [SSCI]
33. Li, L.* (2011) Could dynamic beta measures enhance performance of capital asset pricing model on fitting stock returns? A reality test, The Manchester School 79, 349-366. [SSCI and ABDC rank = B]
34. Li, L. and Miu, P. (2010) A hybrid bankruptcy prediction model with dynamic loadings on accounting-ratio-based and market-based information: A binary quantile regression approach, Journal of Empirical Finance 17, 818-833. [SSCI and ABDC rank = A]
35. Li, L.* (2010) Re-examining the risk–return relationship in banks using quantile regression, Service Industries Journal 30, 1871-1881. [SSCI and ABDC rank = B]
36. Li, L.* and Chen, C.N. (2010) Examining interrelation dynamics between option and stock markets using Markov-switching vector error correction model, Journal of Applied Statistics 37, 1173-1191. [SCI and ABDC rank = B]
37. Wang, A., Li, L. and Chen, T.C. (2010) Price transmission, foreign exchange rate risks and global diversification of ADRs, Applied Economics 42, 1811-1823. [SSCI and ABDC rank = A]
38. Chiou, J.R., Li, L.*, Li, C. and Chang, S.Y. (2010) Pricing and Allocation Mechanisms in Underpricing of Chinese IPOs, The Chinese Economy 43, 93-108. [SSCI and ABDC rank = B]
39. Li, L.* (2009) The dynamics of the relationship between spot and futures markets under high and low variance regimes, Applied Stochastic Models in Business and Industry 25, 696-71. [SCI and ABDC rank = B]
40. Li, L.* (2009) Nonlinear interrelations between ADRs and their underlying stocks revisited: Application of threshold VECM, Applied Economics Letters 16, 1867-1873. [SSCI and ABDC rank = B]
41. Li, L.* (2009) Value or volume strategy? Finance Research Letters 6, 210-218. [SSCI and ABDC rank = B]
42. Li, L.* (2009) Could the jump diffusion technique enhance the effectiveness of futures hedging models? A reality test, Mathematics and Computers in Simulation 79, 3076-3088. [SCI and ABDC rank = B]
43. Li, L.* (2009) Reexamining asymmetric effects of monetary and government spending policies on economic growth using quantile regression, Journal of Developing Areas 43, 137-154.
44. Li, L.* (2009) Change in volatility regimes and diversification in emerging stock markets, South African Journal of Economics 77, 59-80. [SSCI and ABDC rank = B]
45. Li, L.* (2009) Multiple asymmetries in index stock returns from boom/bust and stable/volatile markets states- An empirical study of U.S. and U.K. stock markets, Applied Economics Letters 16, 183-191. [SSCI and ABDC rank = B]
46. Li, L.* (2008) Hybrid versus highbred: Combined economic models with time-series analyses, Quantitative Finance 10, 637-647. [SSCI and ABDC rank = A]
47. Li, L.* (2008) Clarifying interrelation dynamics between option and stock markets using threshold vector error correction model, Mathematics and Computers in Simulation 79, 511-520. [SCI and ABDC rank = B]
48. Li, L.* (2008) Would various benchmark measurements affect abnormal return performances of IPO? Evidence from Taiwan's IPO market, International Journal of Business Performance Management 10, 30-38. [ABDC rank = C]
49. Li, L.* (2007) Purchasing power parity under high and low volatility regimes, Applied Economics Letters 14, 581-589. [SSCI and ABDC rank = B]
50. Li, L.* (2007) Volatility state and international diversification of international stock markets, Applied Economics 39, 1867-1876. [SSCI and ABDC rank = A]