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Wilfrid Laurier University Lazaridis School of Business & Economics
January 23, 2017
Canadian Excellence
Dr. Si Li

Dr. Si Li

Associate Professor (Finance) & Ira Gluskin Fellowship in Finance

Contact Information
Phone: 519.884.0710 ext.2395
Fax: 519.884.1015
Office Location: P3076
Office Hours: By appointment

Personal website

Google scholar site


Duke University, Fuqua School of Business, Ph.D. in Finance, 2005
Shanghai Jiao Tong University, M.A. in Finance, 1999
Shanghai Jiao Tong University, B.A. in Finance, B.S. in Computer Science, 1997 (TR class for gifted students)


Empirical Corporate Finance, Corporate Misreporting, Executive Compensation, Incentives, Corporate Bankruptcy, Debt, Investments, Insurance Regulation


Corporate Finance, Investments


- Graham, John R., Si Li, and Jiaping Qiu, 2008, Corporate Misreporting and Bank Loan Contracting, Journal of Financial Economics 89-1, 44-61 

- Brav, Alon, J.B. Heaton, and Si Li, 2010, The Limits of the Limits of Arbitrage, Review of Finance 14-1, 157-187 (Second Prize, Deutsche Bank Prize in Financial Economics - Review of Finance Best Paper Award. This prize is awarded for the best paper published in the Review of Finance in 2010.)

- Carayannopoulos, Peter, Mary Kelly, and Si Li, 2010, The Impact of the 2003 Regulatory Reform in the Canadian Property/Casualty Insurance Industry on Insurers' Surplus Levels, Journal of Insurance Issues 33-1, 54-84

- Graham, John R., Si Li, and Jiaping Qiu, 2012, Managerial Attributes and Executive Compensation, Review of Financial Studies 25-1, 144-186 (This paper was previously titled "Managerial Ability and Executive Compensation") 

- Kelly, Mary, Anne Kleffner, and Si Li, 2012, Insurance Regulation and the Composition of Insurance Markets, Journal of Insurance Regulation 31, 27-57

- Kelly, Mary, Anne Kleffner, and Si Li, 2012, Loss Reserves and the Employment Status of the Appointed Actuary, North American Actuarial Journal 16-3, 285-305

- Kelly, Mary, Anne Kleffner, and Si Li, 2013, The Impact of Regulation on the Availability and Profitability of Auto Insurance in CanadaInsurance and Risk Management 81-3, 197-224.

- Li, Si, Jeff Madura, and Nivine Richie, 2013, Bond Market Response to the Collapse of Prominent Investment BanksFinancial Review 48, 645-670 

- He, Zhiguo, Si Li, Bin Wei, and Jianfeng Yu, 2014, Uncertainty, Risk, and Incentives: Theory and EvidenceManagement Science 60-1, 206-226 (The 2012 TCFA (The Chinese Finance Association) Best Paper Award)


- Li, Si and Fabricio Perez, 2016, Executive Compensation and the Market Valuation of Managerial Attributes (Best Paper in Corporate Finance, The 2015 Asian Finance Association Annual Meetings) 

- Li, Si and Xintong Zhan, 2016, Product Market Threats and Stock Crash Risk (Best Paper Award, The 22nd Conference on the Theories and Practices of Securities and Financial Markets (2014))

- Graham, John R., Hyunseob Kim, Si Li, and Jiaping Qiu, 2016, Employee Costs of Corporate Bankruptcy (Previously titled "Human Capital Loss in Corporate Bankruptcy". 1. Best Paper on Corporate Finance, The 2013 Northern Finance Association Annual Meetings; 2. Best Paper in Corporate Finance, The 2013 FMA Asia Annual Meetings

- Li, Si, 2010, Corporate Financial Fraud: An Application of Detection Controlled Estimation  (previously titled "Corporate Fraud and Costly Monitoring: An Empirical Analysis of a Simultaneous System with Partial Observability")

- Li, Si and Nivine Richie, 2009, Income Smoothing and the Cost of Debt

- Li, Si and Hui Ou-Yang, 2010, Explicit Incentives, Implicit Incentives, and Performance: Evidence from Academic Tenure