Academic Experience

• Chair of School Research Committee, School of Accounting, Auditing & Taxation, UNSW Sydney, 2025 - Present.

• Associate Professor, School of Accounting, Auditing & Taxation, UNSW Sydney,  2021 - Present.

• Senior Lecturer, School of Accounting, Auditing & Taxation, UNSW Sydney, 2017 - 2020.

• Senior Lecturer, College of Business and Economics, Australian National University, 2014 - 2016.

• Assistant Professor, Erasmus School of Economics, Erasmus University Rotterdam, 2011 - 2013.  

Education

• Ph.D., Nanyang Business School, Nanyang Technological University, 2011.

• M.A., School of Business and Economics, Humboldt-Universität zu Berlin, 2006.

• B.Sc., Department of Computer Science and Engineering, Shanghai Jiao Tong University, 2001.  

Working Papers

• "What Determines the Composition of Crowdsourced Investment Articles?," with Wei Chen, and Hun-Tong Tan (SSRN). 

• "Turning on A Virtuous Cycle across Corporations: The Diversity Spillover Effect through Female Leadership Exposure," with Rui Dai, Ling Lei Lisic, and Zihang Peng (SSRN). 

• "Digital Footprints as Collateral for Debt Collection," with Jianlei Han, Jing Shi, and Bohui Zhang (SSRN). 

• "How Do Environmental Enforcement Actions Shape Private Lenders’ Interactions with Borrowers?" with Wayne R. Landsman, and Zihang Peng (SSRN). Revise & Resubmit at The Accounting Review.

• "Innovation Spillover through Information Acquisition of SEC Filings," with Gary Monroe, Vic Naiker, and Ling Qin (SSRN). Revise & Resubmit at The Accounting Review.

• "Fintech Lending and Debt Spiral," with Jianlei Han, Jing Shi, and Bohui Zhang (SSRN). Reject & Resubmit at Journal of Financial and Quantitative Analysis.

• "Controlling the Narrative: Managers’ Topic-Shifting Behavior in Conference Calls," with Ping Gong, Andrew B. Jackson, and Zihang Peng (SSRN), Revise & Resubmit at Review of Accounting Studies.

Publications

1. A Good Sketch is Better than A Long Speech: Evaluate Delinquency Risk through Real-Time Video Analysis, Review of Finance, 2025, with Xiangyu Chang, Lingbing Feng, Jianlei Han, Jing Shi, and Bohui Zhang (Link).

2. Labor Protection and Stock Price Crash Risk: Evidence from International Equity Markets, British Accounting Review, 2025, with Wei Chen, Xiaohua Fang, and Wenjun Zhang (Link).

3. Private Loan Issuance and Risk Factor Disclosure, The Accounting Review, 2024, with Wayne R. Landsman, and Zihang Peng (Link).  

4. Global Outsourcing and Voluntary Disclosure, Journal of Business Finance and Accounting, 2024, with Rui Dai, Lilian Ng, and Zihang Peng (Link).   

5. Family Control, Institutional Investors, and Financial Distress: Evidence from China, Accounting and Finance, 2024, with Hongxiao Li, Yunfan Gao, and Yanjian Zhu (Link). 

6. When Does Analyst Reputation Matter? Evidence from Analysts’ Reliance on Management Guidance, Journal of Business Finance and Accounting, 2023, with Wei Chen, and Hun-Tong Tan (Link). 

7. The More We Know, the Less We Agree: A Test of the Trading Horizon Heterogeneity Theory. The Financial Review, 2022, with Jerry Parwada, Donald Winchester, and Bohui Zhang (Link).

8. Does the Media Spotlight Burn or Spur Innovation?, Review of Accounting Studies, 2021, with Rui Shen, and Bohui Zhang (Link).

9. Political Uncertainty and Accounting Conservatism, European Accounting Review, 2021, with Phong Ngo (Link).  

10. Coping with COVID: Pivoting Perspectives from Teaching a Third-year Undergraduate Financial Accounting Course. Accounting Research Journal, 2021, with Richard Morris, Sander De Groote , Emma Holmes , Leonard Lau , Chao Kevin Li , and Phuc Nguyen (Link).

11. Global Political Uncertainty and Asset Prices, Review of Financial Studies, 2020, with Jonathan Brogaard, Phong Ngo, and Bohui Zhang (Link). 

12. Governance, Board Inattention, and the Appointment of Overconfident CEOs, Journal of Banking and Finance, 2020, with Suman Banerjee, Mark Humphery-Jenner, and Vikram Nanda (Link).

13. Political Uncertainty and Finance: A Survey, Asia-Pacific Journal of Financial Studies, 2019, with Bohui Zhang (Link). 

14. The Governance Transfer of Blockholders: Evidence from Block Acquisitions and Earnings Management around the World, Journal of Corporate Finance, 2017, with Ravi Dharwadkar, Linna Shi, and Bohui Zhang (Link). 

15. Corporate Governance and the Profitability of Insider Trading, Journal of Corporate Finance, 2016, with Renhui Fu, Jun-Koo Kang, and Inmoo Lee (Link).

16. The Governance Effect of the Media’s News Dissemination Role: Evidence from Insider Trading, Journal of Accounting Research, 2015, with Jerry Parwada, and Bohui Zhang (Link).

17. Cross Country IPOs: What Explains Differences in Underpricing?, Journal of Corporate Finance, 2011, with Suman Banerjee, and Keshab Shrestha (Link). 

Professional Services

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

• Ad Hoc Associate Editor, British Accounting Review, 2024-Present.

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

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

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

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

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

• Ad Hoc Reviewer for 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.

Contact

• Email: lili.dai@unsw.edu.au. 

• Official Website: UNSW Homepage.