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

Code Description Percentage
150199 Accounting, Auditing and Accountability not elsewhere classified 25
150202 Financial Econometrics 75

Professional Experience

UON Appointment

Title Organisation / Department
Senior Lecturer - Finance University 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For publications that are currently unpublished or in-press, details are shown in italics.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)

Year Citation Altmetrics Link
2014 Hoong 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)

Year Citation Altmetrics Link
2015 Choi 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.

DOI 10.1111/1911-3846.12090
Co-authors Bobae Choi
2014 Choi Bobae, Kang J, Lee D, 'Determinants and market implications of differentiated dividends in Korea', International Journal of Managerial Finance, 10 453-469 (2014) [C1]
DOI 10.1108/IJMF-11-2012-0116
Co-authors Bobae Choi
2013 Choi BB, Lee D, Psaros J, 'An analysis of Australian company carbon emission disclosures', Pacific Accounting Review, 25 58-79 (2013) [C1]
DOI 10.1108/01140581311318968
Co-authors Jim Psaros, Bobae Choi
2013 Choi 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]
DOI 10.1111/corg.12033
Citations Scopus - 4Web of Science - 2
Co-authors Bobae Choi
2011 Kang 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]
DOI 10.2753/REE1540-496X470306
Citations Scopus - 5Web of Science - 4
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Conference (4 outputs)

Year Citation Altmetrics Link
2009 Choi 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-authors Bobae Choi
2009 Kang 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]
2009 Lee 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]
2009 Choi 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-authors Bobae Choi
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Grants and Funding

Summary

Number of grants 2
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 body University of Newcastle
Project Team Doctor Doowon Lee
Scheme New Staff Grant
Role Lead
Funding Start 2010
Funding Finish 2010
GNo G1000621
Type Of Funding Internal
Category INTE
UON Y

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 body Accounting & Finance Association of Australia and New Zealand Ltd
Project Team Doctor Bobae Choi, Doctor Doowon Lee, Professor Jim Psaros
Scheme Research Grant
Role Investigator
Funding Start 2010
Funding Finish 2010
GNo G1000971
Type Of Funding Grant - Aust Non Government
Category 3AFG
UON Y
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Research Supervision

Number of supervisions

Completed1
Current3

Total current UON EFTSL

PhD1.16

Current Supervision

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

Past Supervision

Year Research Title / Program / Supervisor Type
2015 Determinants 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

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

Office

Room SR273
Building SRS
Location Callaghan
University Drive
Callaghan, NSW 2308
Australia
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