Dr Doowon Lee

Senior Lecturer - Finance

Newcastle Business School (Accounting and Finance)

Career Summary

Biography

Doowon Lee joined the Newcastle Business School in 2009. He has been teaching postgraduate courses such as Corporate Finance and Derivatives and Risk Management. Doowon has taught at Sogang Business School and the Korea Banking Institute prior to his appointment at the Newcastle Business School. His research interest is in market micro-structure and dividend policy. He has strong skills in quantitative methods in finance using programs such as Matlab, SAS, and Visual Basic using Excel, C++, STATA, and E-views. Research Expertise
Market micro-structure, Derivatives & Dividend policy









Qualifications

  • PhD, Korea Advanced Institute of Science and Technology
  • Bachelor of Science, Korea Advanced Institute of Science and Technology
  • Master of Science, Korea Advanced Institute of Science and Technology

Keywords

  • Banking
  • Finance
  • Investment
  • Risk Management

Fields of Research

CodeDescriptionPercentage
150199Accounting, Auditing and Accountability not elsewhere classified25
150202Financial Econometrics75

Professional Experience

UON Appointment

DatesTitleOrganisation / Department
1/01/2015 - Senior Lecturer - FinanceUniversity of Newcastle
Newcastle Business School
Australia
1/11/2011 - 30/11/2011Casual AcademicUniversity of Newcastle
Newcastle Business School
Australia
23/02/2011 - 5/09/2011Casual AcademicUniversity of Newcastle
Newcastle Business School
Australia
10/05/2010 - 11/07/2010Casual AcademicUniversity of Newcastle
Newcastle Business School
Australia
31/08/2009 - 11/12/2009Casual AcademicUniversity of Newcastle
Newcastle Business School
Australia
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Publications

For publications that are currently unpublished or in-press, details are shown in italics.


Chapter (1 outputs)

YearCitationAltmetricsLink
2014Hoong KI, Kang J, Lee Doowon, 'Decomposition of Volatility in Asian Equity Markets', Asian Capital Market Development and Integration: Challenges and Opportunities, Oxford University Press, New Delhi 363-396 (2014) [B1]

Journal article (5 outputs)

YearCitationAltmetricsLink
2015Choi B, Jung K, Lee D, 'Trading Behavior Prior to Public Release of Analyst Reports: Evidence from Korea', Contemporary Accounting Research, (2015)

This paper investigates information leakage from analyst reports prior to their public release. Previous studies document abnormal trading by institutions or short selling before ... [more]

This paper investigates information leakage from analyst reports prior to their public release. Previous studies document abnormal trading by institutions or short selling before announcement of recommendation changes. Such prerelease abnormal trading is interpreted as evidence of information leakage from analyst reports. However, if sophisticated investors obtain information similar to what analysts have from other sources, abnormal prerelease trading patterns would be observed even if there were no information leakage from analyst reports. This paper, using a unique data set from Korea, aims to determine whether a direct causal link between recommendation changes and prerelease trading exists, by comparing trading behavior of client investors with non-client investors. We find that abnormal prerelease trading by client investors, especially client institutions, is earlier in timing and greater in magnitude than that of other investor groups, supporting the information leakage hypothesis. We further find that net buying by client institutions and client large individuals is positively associated with firm, analyst, and earnings forecast change variables that influence formulation of recommendation changes and their impacts.

DOI10.1111/1911-3846.12090
Co-authorsBobae Choi
2014Choi Bobae, Kang J, Lee D, 'Determinants and market implications of differentiated dividends in Korea', International Journal of Managerial Finance, 10 453-469 (2014) [C1]
DOI10.1108/IJMF-11-2012-0116
Co-authorsBobae Choi
2013Choi BB, Lee D, Psaros J, 'An analysis of Australian company carbon emission disclosures', Pacific Accounting Review, 25 58-79 (2013) [C1]
DOI10.1108/01140581311318968
Co-authorsJim Psaros, Bobae Choi
2013Choi BB, Lee D, Park Y, 'Corporate Social Responsibility, Corporate Governance and Earnings Quality: Evidence from Korea', CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 21 447-467 (2013) [C1]
DOI10.1111/corg.12033Author URL
CitationsScopus - 4Web of Science - 2
Co-authorsBobae Choi
2011Kang J, Lee C, Lee D, 'Equity fund performance persistence with investment style: Evidence from Korea', Emerging Markets Finance and Trade, 47 111-135 (2011) [C1]
DOI10.2753/REE1540-496X470306
CitationsScopus - 5Web of Science - 4
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Conference (4 outputs)

YearCitationAltmetricsLink
2009Choi BB, Lee D, Jung K, 'Trading behavior before the public release of analysts' reports', Asian Finance Association 2009 International Conference: Conference Program, Brisbane, QLD (2009) [E1]
Co-authorsBobae Choi
2009Kang J, Lee C, Lee D, 'Equity fund style and performance persistence in an emerging market: Evidence from Korea', Asian Finance Association 2009 International Conference: Conference Program, Brisbane, QLD (2009) [E1]
2009Lee D, Hassan MK, Rahman MA, 'Firm specific variation in returns and fundamentals in Korea stock market', Asian Finance Association 2009 International Conference: Conference Program, Brisbane, QLD (2009) [E1]
2009Choi BB, Kang J, Lee D, 'Catering incentives and differentiated dividend in Korea', Journal of Corporate Finance Special Conference on Emerging Markets, Beijing, China (2009) [E1]
Co-authorsBobae Choi
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Grants and Funding

Summary

Number of grants2
Total funding$9,793

Click on a grant title below to expand the full details for that specific grant.


20102 grants / $9,793

Investor trading activity within the index futures and options market$5,000

Funding body: University of Newcastle

Funding bodyUniversity of Newcastle
Project TeamDoctor Doowon Lee
SchemeNew Staff Grant
RoleLead
Funding Start2010
Funding Finish2010
GNoG1000621
Type Of FundingInternal
CategoryINTE
UONY

An Assessment of the Quality and Market Implications of Carbon Emission Disclosure by Australian Listed Public Companies$4,793

Funding body: Accounting & Finance Association of Australia and New Zealand Ltd

Funding bodyAccounting & Finance Association of Australia and New Zealand Ltd
Project TeamDoctor Bobae Choi, Doctor Doowon Lee, Professor Jim Psaros
SchemeResearch Grant
RoleInvestigator
Funding Start2010
Funding Finish2010
GNoG1000971
Type Of FundingGrant - Aust Non Government
Category3AFG
UONY
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Research Supervision

Current Supervision

CommencedResearch Title / Program / Supervisor Type
2014Liquidity and Systematic Risk in the US Loan Market
Accounting, Faculty of Business and Law
Co-Supervisor
2013The Q-Factor Model of Asset Pricing - Australian Evidence
Accounting, Faculty of Business and Law
Co-Supervisor
2013Return Predictability in South Asian Stock Markets
Accounting, Faculty of Business and Law
Co-Supervisor

Past Supervision

YearResearch Title / Program / Supervisor Type
2015Determinants of Dividend Policy - International Evidence: 1990 to 2010
Accounting, Faculty of Business and Law
Co-Supervisor
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Dr Doowon Lee

Position

Senior Lecturer - Finance
Newcastle Business School
Faculty of Business and Law

Focus area

Accounting and Finance

Contact Details

Emaildoowon.lee@newcastle.edu.au
Phone(02) 4921 8620

Office

RoomSR273
BuildingSRS
LocationCallaghan
University Drive
Callaghan, NSW 2308
Australia
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