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
Capital market, CEO compensation, Market microstructure









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
Casual Academic University of Newcastle
Newcastle Business School
Australia
Casual Academic University of Newcastle
Newcastle Business School
Australia
Casual Academic 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For publications that are currently unpublished or in-press, details are shown in italics.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 D, '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 (10 outputs)

Year Citation Altmetrics Link
2018 Docherty PA, Easton S, Elliot B, Lee D, 'Profitability and investment-based factor pricing models', Accounting and Finance, 58 397-421 (2018) [C1]
DOI 10.1111/acfi.12217
Citations Scopus - 1
Co-authors Steve Easton, Paul Docherty
2017 Anthony J, Docherty P, Lee D, Shamsuddin A, 'Liquidity commonality in the secondary corporate loan market', Economics Letters, 161 10-14 (2017) [C1]
DOI 10.1016/j.econlet.2017.09.016
Co-authors Abul Shamsuddin, Paul Docherty
2017 Anthony J, Docherty P, Lee D, Shamsuddin A, 'Liquidity shocks in the secondary corporate loan market', Journal of Fixed Income, 26 53-72 (2017) [C1]

© 2015 Institutional Investor LLC. All Rights Reserved. This article examines the influence of liquidity risk on the U.S. secondary corporate loan market (herein loan market). The... [more]

© 2015 Institutional Investor LLC. All Rights Reserved. This article examines the influence of liquidity risk on the U.S. secondary corporate loan market (herein loan market). The authors empirically disentangle the impact of both loan-level liquidity shocks and systematic liquidity risk from default risk. Loans that experience shocks to either liquidity or default risk experience ongoing price declines, complementing evidence presented elsewhere of price momentum in loan markets. The prices of loans with high liquidity risk are significantly discounted when market liquidity is low, consistent with the time-varying funding liquidity constraints of financial intermediaries. In keeping with a close link between high risk debt markets and equity markets, there is evidence that equity market risk is priced in the loan market.

DOI 10.3905/jfi.2017.26.4.053
Co-authors Paul Docherty, Abul Shamsuddin
2017 Rahman MD, Lee D, Shamsuddin AFM, Shamsuddin A, 'Time-varying return predictability in South Asian equity markets', International Review of Economics & Finance, 48 179-200 (2017) [C1]
DOI 10.1016/j.iref.2016.12.004
Citations Scopus - 1Web of Science - 1
Co-authors Abul Shamsuddin, Mdlutfur Rahman
2015 Lee D, HASSAN MK, RAHMAN MA, 'FIRM SPECIFIC VARIATION IN RETURNS AND FUNDAMENTALS IN KOREA STOCK MARKET', Singapore Economic Review, 60 (2015)
DOI 10.1142/S0217590815500927
2015 Choi BB, Jung K, Lee D, 'Trading Behavior Prior to Public Release of Analyst Reports: Evidence from Korea', Contemporary Accounting Research, 32 105-138 (2015) [C1]
DOI 10.1111/1911-3846.12090
Citations Scopus - 3Web of Science - 3
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
Citations Scopus - 22Web of Science - 9
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 - 36Web of Science - 24
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 - 8Web of Science - 5
Show 7 more journal articles

Conference (4 outputs)

Year Citation Altmetrics Link
2015 Seamer MJ, Choi B, Lee D, 'The Relationship Between Corporate Governance and Firm Enterprise Risk Management Practice', Glasgow, Scotland (2015) [E3]
Co-authors Michael Seamer, Bobae Choi
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 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
Show 1 more conference
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Grants and Funding

Summary

Number of grants 6
Total funding $199,293

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


20181 grants / $15,500

Calibrating a local volatility surface and pricing exotic options$15,500

Funding body: Stage Inc

Funding body Stage Inc
Project Team Doctor Bobae Choi, Doctor Doowon Lee
Scheme Research Grant
Role Investigator
Funding Start 2018
Funding Finish 2018
GNo G1800887
Type Of Funding C3211 - International For profit
Category 3211
UON Y

20162 grants / $24,000

Market Efficiency and Corporate Governance Studies$20,000

Funding body: Faculty of Business and Law, The University of Newcastle

Funding body Faculty of Business and Law, The University of Newcastle
Scheme Priority Initiative Research Funding
Role Investigator
Funding Start 2016
Funding Finish 2016
GNo
Type Of Funding Internal
Category INTE
UON N

The impact of institutional ownership on executive compensation: Australian evidence$4,000

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
Scheme Small Research Consultancy
Role Investigator
Funding Start 2016
Funding Finish 2016
GNo G1601093
Type Of Funding C3111 - Aust For profit
Category 3111
UON Y

20131 grants / $150,000

Market efficiency and corporate governance studies (competitive)$150,000

Funding body: Faculty of Business and Law, University of Newcastle

Funding body Faculty of Business and Law, University of Newcastle
Scheme Priority Research Initiative
Role Investigator
Funding Start 2013
Funding Finish 2015
GNo
Type Of Funding Internal
Category INTE
UON N

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, Emeritus Professor Jim Psaros
Scheme Small Research Consultancy
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

Completed7
Current7

Current Supervision

Commenced Level of Study Research Title Program Supervisor Type
2018 Honours Busy boards and firm performance in Australian listed companies Bankng,Finance & Relatd Fields, Faculty of Business and Law, University of Newcastle Sole Supervisor
2018 PhD Pay Disparity and Firm Performance: Do Human Capital and Compensation Committee Quality Matter? PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2017 PhD Short Selling Metrics: An information Hub for Stakeholders PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2017 PhD Remuneration Committee Characteristics and CEO compensation in Australia PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2017 PhD International Evidence on the Effect of Structural and Relational Social Capital on Firm Performance PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2016 PhD The impact of continuous arrival of investor sentiment measures on equity and option prices PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2016 PhD Explaining the idiosyncratic volatility puzzle in international markets PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor

Past Supervision

Year Level of Study Research Title Program Supervisor Type
2017 PhD An Empirical Analysis of the Investment and Profitability Effects PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2017 Honours Dividend Catering Theory and Dividend Payout Policy Under a Full Imputation Taxation System: An Australian Study Bankng,Finance & Relatd Fields, Newcastle Business School - The University of Newcaslte Sole Supervisor
2017 PhD Liquidity in the Secondary Corporate Loan Market PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2016 PhD Return Predictability in South Asian Stock Markets PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2015 PhD Determinants of Dividend Policy - International Evidence: 1990 to 2010 PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2015 Professional Doctorate The effectiveness of independent non-executive directors in Hong Kong listed companies Accounting, University of Newcastle - Faculty of Business and Law Co-Supervisor
2015 Honours Jumps, macroeconomic announcements and foreign currency markets: An Australian perspective Bankng,Finance & Relatd Fields, Newcastle Business School - The University of Newcaslte Sole Supervisor
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Dr Doowon Lee

Positions

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

Casual Academic
Newcastle Business School
Faculty of Business and Law

Casual Academic
Newcastle Business School
Faculty of Business and Law

Casual Academic
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 X-635
Building NeW Space
Location City Campus

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