Leonard Leye Li

Leonard Leye Li

Senior Lecturer, UNSW Business School

Research

Research Interests

Financial accounting · Shareholder litigation · Stock price crash risk · Voluntary disclosure

Featured Publications

  1. "Flu fallout: Information production constraints and corporate disclosure" (with Chen Chen, Louise Yi Lu, Rencheng Wang). Journal of Accounting Research 2023, 64(4): 1063–1108. [doi]
    Best Paper Award, AFAANZ 2020 Annual Conference. Featured in BusinessThink, Research@SMU e-Newsletter, and Monash Business School IMPACT.

  2. "Death is a Law: The effect of CEO death anxiety on management forecasts" (with Yu Flora Kuang, Louise Yi Lu, Bo Qin). Accounting, Organizations and Society 2022, 102: 101350. [doi]
    Featured in BusinessThink.

  3. "Financial statement comparability and expected crash risk" (with Jeong-Bon Kim, Louise Yi Lu, Yangxin Yu). Journal of Accounting and Economics 2016, 61(2–3): 294–312. [doi]
    Featured in CFA Enterprising Investor.

Other Publications

  1. "The impact of local corruption on firms' narrative R&D disclosures" (with Rui Huang, Xuejun Jiang, Louise Yi Lu, Yangxin Yu). Journal of Corporate Finance 2025, 94: 102841. [doi]
    Featured in BusinessThink.

  2. "The opioid crisis, employee health capital, and corporate information production" (with Louise Yi Lu, Dongyue Wang, Mark Wilson). European Accounting Review 2025, 34(2): 721–749. [doi]

  3. "Repetitive key audit matters and audit effort" (with Wenhui Lin, Lina Zixuan Li, David Hay). Pacific Accounting Review 2025, 37(2): 209–242. [doi]

  4. "Does client importance affect key audit matters reporting? New Zealand evidence" (with Ruoyu Ji, Lina Zixuan Li, Gary S. Monroe). Pacific Accounting Review 2024, 6(3–4): 277–296. [doi]

  5. "Managerial litigation risk and auditor choice" (with Gary S. Monroe, Jeff Coulton). International Journal of Auditing 2024, 28(1): 142–169. [doi]

  6. "Workforce diversity and financial statement readability" (with Louise Yi Lu, Yi Wang, Yangxin Yu). Accounting & Finance 2023, 63(S1): 1599–1631. [doi]
    Peter Brownell Manuscript Award, Accounting & Finance 2023–24.

  7. "Managerial litigation risk and corporate investment efficiency: Evidence from Universal Demand laws" (with Gary S. Monroe, Jeff Coulton). Journal of Empirical Legal Studies 2023, 20(1): 196–232. [doi]
    JELS top 10 most-cited papers published in 2023. Featured in Faculti.

  8. "The moderating effect of board gender diversity on the relation between corporate social responsibility and firm value" (with Yunyi Li, Lina Zixuan Li, Charl de Villiers). Journal of Management Control 2022, 33(1): 109–143. [doi]
    Featured in Columbia Law School's Blue Sky Blog and University of Auckland News and Opinions.

  9. "External labor market competitions and stock price crash risk: Evidence from exposures to competitor CEOs' award-winning events" (with Louise Yi Lu, Dongyue Wang). Accounting & Finance 2022, 62(S1): 1421–1460. [doi]

  10. "The impact of the Leahy-Smith America Invents Act on firms' R&D disclosure" (with Rui Huang, Louise Yi Lu, Hai Wu). European Accounting Review 2021, 30(5): 1067–1104. [doi]

  11. "Financial statement comparability and managers' use of corporate resources" (with Jeong-Bon Kim, Louise Yi Lu, Yangxin Yu). Accounting & Finance 2021, 61(S1): 1697–1742. [doi]

  12. "Social capital and managers' use of corporate resources" (with Ziqi Gao, Louise Yi Lu). Journal of Business Ethics 2021, 168(3): 593–613. [doi]

  13. "State ownership and abnormal accruals in highly-valued firms: Evidence from China" (with Gary S. Monroe, Jenny Jing Wang). Journal of Contemporary Accounting & Economics 2021, 17(1): 100223. [doi]

Working Papers

  1. "Building Better Information: The Role of Indoor Environmental Quality" (with Bingxu Fang, Rui Huang, Louise Yi Lu, Rencheng Wang). [SSRN]
    R&R at Review of Accounting Studies. Presented at Shanghai University of Finance and Economics, UNSW Sydney, University of Sydney, and University of Queensland.

  2. "Party Politics: Evidence on the Extent and Origin of Partisan Bias in CEOs" (with Steven F. Cahan, Lily Chen, Louise Yi Lu).
    R&R at European Accounting Review. Presented at Australian National University, Singapore Management University, University of Auckland, Macquarie University, and University of Tasmania.

  3. "Topical dispersion of risk factor disclosures and stock price crash risk" (with Zihang Peng). [SSRN]
    Presented at Monash University and University of Auckland.

  4. "Litigation risk and cost behavior: Evidence from derivative lawsuits" (with Gary S. Monroe, Jeff Coulton). [SSRN]
    Presented at AAA MAS 2018 Midyear Meeting, AFAANZ 2018 Annual Conference, and The University of Melbourne.