UMass Boston

Financial Accounting and Auditing, International Accounting, and Corporate Governance

PhD, Accounting, Seoul National University

MS, Accounting, University of Illinois at Urbana-Champaign

MBA, Seoul National University

BBA, Seoul National University

• “Market for corporate control and demand for auditing: Evidence from international M&A laws” (with Ahrum Choi, Jeong-Bon Kim, and Jong Chool Park), Review of Accounting Studies, forthcoming.
• “Financial statement comparability and analysts’ over-optimism for accruals” (with Bryan Byung-Hee Lee), British Accounting Review, forthcoming.
• “Does the market value the accounting expertise of chief financial officers? evidence from the market value of cash holdings” (with Li Gao and Yong-Chul Shin), Journal of Corporate Accounting and Finance, forthcoming.
• “Internal control weakness and the asymmetrical behavior of selling, general, and administrative costs” (with Jeong-Bon Kim and Jong Chool Park), Journal of Accounting, Auditing and Finance, 2022.
• “The effect of international takeover laws on corporate resource adjustments: Market discipline and/or managerial myopia?” (with James Cannon, Bingbing Hu, and Daoguang Yang), Journal of International Business Studies, 2020.
• “Economic determinants of price informativeness about future earnings,” Journal of Contemporary Accounting and Economics, 2018.
• “A model of stock prices leading earnings,” Managerial Finance, 2018.
• “Transparency at the crossroads: Contemporary accountancy in Korea” (with Han Yi), The Routledge Handbook of Accounting in Asia, Chapter 2, 2017.
• “The impact of industry concentration on the market's ability to anticipate future earnings: International evidence” (with In-mu Haw, Bingbing Hu, and Woody Wu), International Journal of Accounting and Information Management, 2016.
• “Product market competition and analyst forecasting activity: International evidence” (with In-mu Haw and Bingbing Hu), Journal of Banking and Finance, 2015.
• “Audit quality and the market value of cash holdings: The case of office-level auditor industry specialization” (with Jeong-Bon Kim and Jong Chool Park), Auditing: A Journal of Practice and Theory, 2015.
• “Debt financing and accounting conservatism in private firms” (with In-mu Haw and Woo-Jong Lee), Contemporary Accounting Research, 2014.
• “Investor protection and price informativeness about future earnings: International evidence” (with In-mu Haw, Bingbing Hu, and Woody Wu), Review of Accounting Studies, 2012.
• “Value relevance of discretionary accruals in the Asian financial crisis of 1997–1998” (with Jong-Hag Choi and Jeong-Bon Kim), Journal of Accounting and Public Policy, 2011.

Background

Before joining UMass Boston, Prof. Lee was an assistant professor at Hong Kong Baptist University. Prior to entering academia, he obtained his CPA in Korea and worked for PricewaterhouseCoopers and Deloitte in Korea as an auditor.

Courses Taught

Graduate Courses:

BUS ADM 711 Accounting for Financing II (PhD course)
MBA AF 610 Accounting for Managers
MBA AF 615 International Accounting

Undergraduate Courses:

AF 210 Financial Accounting
AF 310 Intermediate Accounting I

Research Interests

Effects of Country-level Institutions on Financial Accounting and Auditing; Impacts of Product Market Competition on Information Environments; Economics Effects of Financial Reporting and Audit Quality; The Role of Individual Managers in Financial Accounting

Professional Activities

Associate Editor of Asia-Pacific Journal of Accounting and Economics;

Member of American Accounting Association, American Finance Association, Canadian Academic Accounting Association, Korean Accounting Association, and Korean Institute of Certified Public Accountants

HONORS

• Outstanding Reviewer Award from the American Accounting Association (AAA) International Accounting Section Midyear Meeting, 2023
• College of Management Dean’s Excellence in Research Award, 2022
• Outstanding Paper Award from the AAA International Accounting Section Midyear Meeting, 2022
• Outstanding Reviewer for the AAA International Accounting Section Midyear Meeting, 2022
• Deloitte Academic Award from the Korean Accounting Association Annual Global Meeting, 2020
• Outstanding Reviewer for Journal of Banking and Finance, 2018
• College of Management Dean’s Research Award, 2015
• Best Paper Award (Auditing) from the Annual Conference of the World Accounting Frontiers Series, 2011