Associate Professor Lili Dai

Associate Professor Lili Dai

Associate Professor
Business School
School of Accounting, Auditing and Taxation

Lili Dai

Associate Professor | Deputy Head of School (Research)

School of Accounting, Auditing & Taxation - CA | PhD, Nanyang Technological University | MA, Humboldt University of Berlin | BSc, Shanghai Jiao Tong University

About Lili

Lili Dai is an Associate Professor in Accounting and the Deputy Head of School (Research) of the School of Accounting, Auditing & Taxation at UNSW. Before joining UNSW, he held academic positions at the Australian National University and Erasmus University Rotterdam in the Netherlands. 

His research interests are in the areas of capital markets-based research in accounting, auditing, and financial issues. His work has been published in The Accounting Review, Journal of Accounting Research, Review of Financial Studies, Review of Accounting Studies, Review of FinanceEuropean Accounting Review, Journal of Business Finance & Accounting, British Accounting Review, Journal of Corporate Finance, and Journal of Banking and Finance. Lili currently serves as an Associate Editor of British Accounting Review, an Editor of Corporate Governance: An International Review (CGIR), and a Deputy Editor in Chief of Accounting and Finance, as well as serving as an Editorial Board Member for Journal of International Accounting Research. His research work has been recognised by the UNSW Business School Research Excellence Award, the UNSW Business School Dean’s Research Fellowship (2 times), and the Best Paper Awards at the Accounting and Finance Association of Australia and New Zealand Annual (AFAANZ) Conference (3 times). 

Lili is also a passionate educator. When serving as the Accounting Postgraduate Program Director of UNSW Business School, he led and oversaw multiple postgraduate programs, including the Master of Professional Accounting (MPA) Program, the Accounting Specialisation in the Master of Commerce (MCom) Program, and the Master of Financial Analysis Program. This education leadership role involved educational activities such as the Assurance of Learning for Business School Accreditation, the Professional Accreditation for the Chartered Accountants Australia & New Zealand and CPA Australia, the Curriculum Refresh of MCom Program, the Academic Program Review of MPA Program, and the oversight of various teaching and learning issues at the School and across the Business Faculty. Lili has also initiated and led the design of the Accounting Data Analytics Module for one core postgraduate course, making it the 1st accounting course at UNSW in which students are learning how to use programming and coding to analyse big accounting data in the real capital market.

Lili is currently leading and managing the research portfolio of the School of Accounting, Auditing & Taxation, aiming to build a supportive research environment for colleagues. Leveraging on his research expertise and editorial roles, Lili has been the Chair of Outstanding International Accounting Dissertation Award of American Accounting Association, served on the Research Committee of AFAANZ, acted as a mentor at the International CGIR Junior Scholar Consortium, corroborated with the International Accounting Standards Board to edit a special issue of Accouting and Finance with the theme of International Financial Reporting Standards, and provided comments to the Australian Accounting Standards Board on the Exposure Draft of the Australian Sustainability Reporting Standards. Also, as part of Lili's leadership role in the perspective of collegiality and engagement, he developed and led the CPA Pathway Postgraduate Programs at UNSW to provide students with a rich professional experience aligning with the rigorous standards set by CPA Australia, which is the 1st CPA Program among the Group of Eight, Australia's leading universities. 

Find more information about Lili's recent research work on his personal website.

Phone
+61 2 9065 1612
Location
Room 3056, Quadrangle Building - E15 Reference
  • Journal articles | 2026
    Dai L; Gong P; Jackson AB; Peng Z, 2026, 'Controlling the narrative: managers’ topic-shifting behavior in conference calls', Review of Accounting Studies, pp. 1 - 42, http://dx.doi.org/10.1007/s11142-026-09952-5
    Journal articles | 2025
    Chang X; Dai L; Feng L; Han J; Shi J; Zhang B, 2025, 'A Good Sketch is Better than A Long Speech: Evaluate Delinquency Risk through Real-Time Video Analysis', Review of Finance, 29, pp. rfae044 - rfae044, http://dx.doi.org/10.1093/rof/rfae044
    Journal articles | 2025
    Chen W; Dai L; Fang X; Zhang W, 2025, 'Labor protection and stock price crash risk: Evidence from international equity markets', British Accounting Review, 57, pp. 101274 - 101274, http://dx.doi.org/10.1016/j.bar.2023.101274
    Journal articles | 2024
    Dai L; Dai R; Ng L; Peng Z, 2024, 'Global outsourcing and voluntary disclosure', Journal of Business Finance and Accounting, 51, pp. 846 - 879, http://dx.doi.org/10.1111/jbfa.12773
    Journal articles | 2024
    Dai L; Landsman WR; Peng Z, 2024, 'Private Loan Issuance and Risk Factor Disclosure', The Accounting Review, 99, pp. 1 - 28, http://dx.doi.org/10.2308/tar-2021-0236
    Journal articles | 2024
    Li H; Gao Y; Zhu Y; Dai L, 2024, 'Family control, institutional investors, and financial distress: Evidence from China', Accounting & Finance, 64, pp. 2485 - 2511, http://dx.doi.org/10.1111/acfi.13223
    Journal articles | 2023
    Chen W; Dai L; Tan HT, 2023, 'When does analyst reputation matter? Evidence from analysts’ reliance on management guidance', Journal of Business Finance and Accounting, 50, pp. 1305 - 1337, http://dx.doi.org/10.1111/jbfa.12654
    Journal articles | 2022
    Dai L; Parwada J; Winchester DW; Zhang B, 2022, 'The more we know, the less we agree: A test of the trading horizon heterogeneity theory', The Financial Review, 57, pp. 45 - 67, http://dx.doi.org/10.1111/fire.12282
    Journal articles | 2021
    Dai L; Ngo P, 2021, 'Political Uncertainty and Accounting Conservatism', European Accounting Review, 30, pp. 277 - 307, http://dx.doi.org/10.1080/09638180.2020.1760117
    Journal articles | 2021
    Dai L; Shen R; Zhang B, 2021, 'Does the Media Spotlight Burn or Spur Innovation?', Review of Accounting Studies, 26, pp. 343 - 390, http://dx.doi.org/10.1007/s11142-020-09553-w
    Journal articles | 2021
    Morris RD; Dai L; De Groote S; Holmes E; Lau L; Li CK; Nguyen P, 2021, 'Coping with COVID: pivoting perspectives from teaching a third-year undergraduate financial accounting course', Accounting Research Journal, 34, pp. 279 - 289, http://dx.doi.org/10.1108/ARJ-09-2020-0295
    Journal articles | 2020
    Banerjee S; Dai L; Humphery-Jenner M; Nanda V, 2020, 'Governance, Board Inattention, and the Appointment of Overconfident CEOs', Journal of Banking & Finance, 113, pp. 105733 - 105733, http://dx.doi.org/10.1016/j.jbankfin.2019.105733
    Journal articles | 2020
    Brogaard J; Dai L; Ngo PTH; Zhang B, 2020, 'Global Political Uncertainty and Asset Prices', Review of Financial Studies, 33, pp. 1737 - 1780, http://dx.doi.org/10.1093/rfs/hhz087
    Journal articles | 2019
    Dai L; Zhang B, 2019, 'Political Uncertainty and Finance: A Survey', Asia-Pacific Journal of Financial Studies, 48, pp. 307 - 333, http://dx.doi.org/10.1111/ajfs.12257
    Journal articles | 2017
    Dai L; Dharwadkar R; Shi L; Zhang B, 2017, 'The governance transfer of blockholders: Evidence from block acquisitions and earnings management around the world', Journal of Corporate Finance, 45, pp. 586 - 607, http://dx.doi.org/10.1016/j.jcorpfin.2017.06.004
    Journal articles | 2016
    Dai L; Fu R; Kang JK; Lee I, 2016, 'Corporate governance and the profitability of insider trading', Journal of Corporate Finance, 40, pp. 235 - 253, http://dx.doi.org/10.1016/j.jcorpfin.2016.08.002
    Journal articles | 2015
    Dai L; Parwada JT; Zhang B, 2015, 'The governance effect of the media's news dissemination role: Evidence from insider trading', Journal of Accounting Research, 53, pp. 331 - 366, http://dx.doi.org/10.1111/1475-679X.12073
    Journal articles | 2011
    Banerjee S; Dai L; Shrestha K, 2011, 'Cross-country IPOs: What explains differences in underpricing?', Journal of Corporate Finance, 17, pp. 1289 - 1305, http://dx.doi.org/10.1016/j.jcorpfin.2011.06.004

  • 2024 Accounting & Finance Associations of Australia and New Zealand Research Grant 

  • 2020 Accounting & Finance Associations of Australia and New Zealand Research Grant 

  • 2018 UNSW Business School Research Grant 

  • 2017 Accounting & Finance Associations of Australia and New Zealand Research Grant

  • 2016 ANU College of Business and Economics Quality Research Publication Scheme 

  • 2014 ANU College of Business and Economics Research School Grant 

  • 2025-2026 UNSW Business School Dean’s Research Fellowship

  • 2024 AFAANZ Conference Best Paper Award in Corporate Finance

  • 2022-2023 UNSW Business School Dean’s Research Fellowship

  • 2021 AFAANZ Conference Best Paper Award in Financial Accounting

  • 2021 AFAANZ Conference Best Paper Award in Auditing

  • 2020 UNSW Business School Research Excellence Award

  • 2015 New Zealand Finance Colloquium Best Paper Award

 

Professional Roles

  • 2025-Present, Chair of the Outstanding International Accounting Dissertation Award of the American Accounting Association.

  • 2024-Present, Research Committee Member of the Accounting and Finance Association of Australia and New Zealand.

Editor and Reviewer Roles

  • 2026-Present, Associate Editor, British Accounting Review.

  • 2022-Present, Editor, Corporate Governance: An International Review.

  • 2020-Present, Deputy Editor in Chief, Accounting and Finance.

  • 2025-Present, Editorial Board Member, Journal of International Accounting Research.

  • 2024-Present, Editorial Board Member, British Accounting Review.

  • 2018-Present, Editorial Board Member, Accounting and Finance.

  • Ad Hoc Reviewer for refereed journals:

    • The Accounting Review

    • Review of Accounting Studies

    • Contemporary Accounting Research

    • Accounting, Organizations and Society

    • Management Science

    • Review of Finance

    • British Accounting Review

    • European Accounting Review

    • Journal of Business Finance and Accounting

    • Journal of Corporate Finance

    • Journal of Banking and Finance

    • Journal of Business Ethics

 

Media Releases

My Research Supervision

Ph.D. Students in Accounting

My Teaching