Staff Profile


Career Summary


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.


  • PhD, Korea Advanced Institute of Science and Technology, 21/08/2009
  • Master of Science, Korea Advanced Institute of Science and Technology, 20/02/2004
  • Bachelor of Science, Korea Advanced Institute of Science and Technology, 15/02/2002


Research keywords

  • Banking
  • Finance
  • Investment
  • Risk Management

Research expertise

Market micro-structure, Derivatives & Dividend policy

Fields of Research

150202Financial Econometrics75
150199Accounting, Auditing And Accountability Not Elsewhere Classified25


For publications that are currently unpublished or in-press, details are shown in italics.

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Chapter (1 outputs)

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)

2015Choi B, Jung K, Lee D, 'Trading Behavior Prior to Public Release of Analyst Reports: Evidence from Korea', Contemporary Accounting Research, (2015)
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]
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]
2013Choi BB, Lee D, Psaros J, 'An analysis of Australian company carbon emission disclosures', Pacific Accounting Review, 25 58-79 (2013) [C1]
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]
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Conference (4 outputs)

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-authors: BOBAE CHOI

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-authors: BOBAE CHOI

Show 1 more

Grants and Funding


Number of grants2
Total funding$9,793

- Indicates that the researcher may be seeking students for this project.

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2010 (2 grants)

Investor trading activity within the index futures and options market$5,000
Funding Body: University of Newcastle

Project Team
Doctor Doowon Lee
New Staff GrantChief Investigator
Total AmountFunding StartFunding Finish

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

Project Team
Doctor Bobae Choi, Doctor Doowon Lee, Professor Jim Psaros
Research GrantInvestigator
Total AmountFunding StartFunding Finish

Research Supervision

Number of current supervisions3
Total current UoN PhD EFTSL1.16

For supervisions undertaken at an institution other that the University of Newcastle, the institution name is listed below the program name.

Current Supervision

ProgramSupervisor TypeResearch Title
20142017PhD (Accounting & Finance)Co-SupervisorLiquidity and Systematic Risk in the US Loan Market
20132017PhD (Accounting & Finance)Co-SupervisorReturn Predictability in South Asian Stock Markets
20132017PhD (Accounting & Finance)Co-SupervisorThe Q-Factor Model of Asset Pricing - Australian Evidence

Past Supervision

YearProgramSupervisor TypeResearch Title
2015PhD (Accounting & Finance)Co-SupervisorDeterminants of Dividend Policy - International Evidence: 1990 to 2010

Dr Doowon Lee

Work Phone(02) 4921 8620
PositionSenior Lecturer - Finance
Newcastle Business School
Faculty of Business and Law
The University of Newcastle, Australia
Focus AreaAccounting and Finance
University Drive
Callaghan NSW 2308