Dr. Si Li

Associate Professor (Finance)

Contact Information

Email: sli@wlu.ca
Phone: 519.884.0710 ext.2395
Fax: 519.884.1015
Office Location: P3076
Office Hours: Fall 2012: by appointment (On Sabbatical)

Biography

EDUCATION:

Duke University, Fuqua School of Business, Ph.D. in Finance, 2005
Shanghai Jiao Tong University, M.A. in Finance, 1999
Shanghai Jiao Tong University, B.A. in Finance, B.S. in Computer Science, 1997 

RESEARCH INTERESTS:

Empirical Corporate Finance, Corporate Misreporting, Corporate Fraud, Financial Restatement, Debt, Incentives, Investments, Insurance Regulation

TEACHING INTERESTS:

Corporate Finance, Investments

PUBLICATIONS:

- Graham, John R., Si Li, and Jiaping Qiu, 2008, Corporate Misreporting and Bank Loan Contracting, Journal of Financial Economics 89-1, 44-61 

- Brav, Alon, J.B. Heaton, and Si Li, 2010, The Limits of the Limits of Arbitrage, Review of Finance 14-1, 157-187 (Second Prize, Deutsche Bank Prize in Financial Economics - Review of Finance Best Paper Award. This prize is awarded for the best paper published in the Review of Finance in 2010.)

- Carayannopoulos, Peter, Mary Kelly, and Si Li, 2010, The Impact of the 2003 Regulatory Reform in the Canadian Property/Casualty Insurance Industry on Insurers' Surplus Levels, Journal of Insurance Issues 33-1, 54-84

- Graham, John R., Si Li, and Jiaping Qiu, 2012, Managerial Attributes and Executive Compensation, Review of Financial Studies 25-1, 144-186 (This paper was previously titled "Managerial Ability and Executive Compensation") 

- Kelly, Mary, Anne Kleffner, and Si Li, 2012, Insurance Regulation and the Composition of Insurance Markets, forthcoming at Journal of Insurance Regulation

- Kelly, Mary, Anne Kleffner, and Si Li, 2012, Loss Reserves and the Employment Status of the Appointed Actuary, forthcoming at North American Actuarial Journal

- He, Zhiguo, Si Li, Bin Wei, and Jianfeng Yu, 2013, Uncertainty, Risk, and Incentives: Theory and Evidence, forthcoming at Management Science (The 2012 TCFA (The Chinese Finance Association) Best Paper Award)

- Li, Si, Jeff Madura, and Nivine Richie, 2013, Bond Market Response to the Collapse of Prominent Investment Banks, forthcoming at Financial Review

WORKING PAPERS:

- Li, Si, 2010, Corporate Financial Fraud: An Application of Detection Controlled Estimation  (previously titled "Corporate Fraud and Costly Monitoring: An Empirical Analysis of a Simultaneous System with Partial Observability")

- Li, Si and Nivine Richie, 2009, Income Smoothing and the Cost of Debt

- Li, Si and Hui Ou-Yang, 2010, Explicit Incentives, Implicit Incentives, and Performance: Evidence from Academic Tenure

- Kelly, Mary and Si Li, 2010, Insurance Regulation, Market Cycles and the Availability and Profitability of Automobile Insurance in Canada