Mr Leye (Leonard)   Li
Senior Lecturer

Mr Leye (Leonard) Li

  • Ph.D. in Accounting, UNSW Sydney (2016-2019). Thesis: "Managerial Litigation Risk and Corporate Decisions".
  • Master of Finance (with Distinction), Australian National University (2013-2014)
  • Bachelor of Economics in Statistics, Shanghai University of Finance and Economics (2008-2012)
  • CFA Program Exam Level II (2013)
  • CFA Program Exam Level I (2011)
Business School
Sch of Accounting, Audit & Tax

I am a Senior Lecturer of Accounting at UNSW Sydney. I have a range of interests in research at the intersection of accounting and finance, including voluntary disclosure, shareholder litigation and stock price crash risk. My works have been published in leading international journals, including Journal of Accounting and Economics, European Accounting Review, and Journal of Business Ethics. Prior to joining academia, I worked as a financial analyst in China.


+61-2-9385 6930
3068 Quadrangle Building


  • Journal articles | 2021
    Mr Leye (Leonard) Li
    Li LL; Lu LY; Wang D, 2021, 'External Labour Market Competitions and Stock Price Crash Risk: Evidence from Exposures to Competitor CEOs’ Award-Winning Events', Accounting and Finance,
    Journal articles | 2021
    Mr Leye (Leonard) Li
    Gao Z; Li L; Lu LY, 2021, 'Social Capital and Managers’ Use of Corporate Resources', Journal of Business Ethics, vol. 168, pp. 593 - 613,
    Journal articles | 2021
    Mr Leye (Leonard) Li
    Kim JB; Li L; Lu LY; Yu Y, 2021, 'Financial statement comparability and managers’ use of corporate resources', Accounting and Finance, vol. 61, pp. 1697 - 1742,
    Journal articles | 2020
    Mr Leye (Leonard) Li
    Huang R; Li L; Lu LY; Wu H, 2020, 'The Impact of the Leahy-Smith America Invents Act on Firms’ R&D Disclosure', European Accounting Review, pp. 1 - 38,
    Journal articles | 2020
    Mr Leye (Leonard) Li
    Li L; Monroe G; Wang J, 2020, 'State Ownership and Abnormal Accruals in Highly-Valued Firms: Evidence from China', Journal of Contemporary Accounting and Economics,
    Journal articles | 2016
    Mr Leye (Leonard) Li
    Kim JB; Li L; Lu LY; Yu Y, 2016, 'Financial statement comparability and expected crash risk', Journal of Accounting and Economics, vol. 61, pp. 294 - 312,


  • Best Paper Award of AFAANZ Annual Conference (2020)
  • UNSW Tuition Fee Scholarship (2016)


  • AFAANZ Research Grant (A$6231), 2021. "Critical audit matters and debt contract design" with Lina Li and Zihang Peng.
  • AFAANZ Research Grant (A$7500), 2019. "CSR contracting andmanagement earn-ings guidance" with Bo Qin and Lu Yang.