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Yue Li

Yue Li

    Yue Li

    Associate Professor of Accounting, Department of Management, University of Toronto Mississauga

    Degrees: PhD, Queen's University
    MBA, University of Toronto
    BSc, Huazhong University of Science and Technology
    CPA, CMA
    Email: Send an email to Yue Li


    Yue Li is Associate Professor of Accounting in the Department of Management at the University of Toronto-Mississauga, with a cross-appointment to the Accounting area at Rotman.  He is a Fellow of the Michael Lee-Chin Family Institute for Corporate Citizenship at Rotman.  His research focuses on the disclosure and valuation relevance of corporate environmental performance and corporate social responsibility, as well as corporate governance and IPO valuation. Yue serves as Ad Hoc Editor for Contemporary Accounting Research, as Associate Editor for the Asia-Pacific Journal of Accounting and Economics, and as Guest Editor for the Journal of Management Accounting Research. 

    Academic Positions

    2000-Present  Associate Professor of Accounting; Joseph L. Rotman School of Management, University of Toronto, Toronto, Canada
    1995-2000  Assistant Professor of Accounting; Joseph L. Rotman School of Management, University of Toronto, Toronto, Canada
    1994-1995  Lecturer of Accounting; Joseph L. Rotman School of Management, University of Toronto, Toronto, Canada

    Selected Publications - Papers

    • The Valuation Relevance of Greenhouse Gas Emissions under the European Union Carbon Emissions Trading Scheme; Peter Clarkson, Yue Li, Matthew Pinnuck, and Gordon Richardson; the European Accounting Review, forthcoming; 2014
    • Voluntary Adoption of Independent Audit Committees: Theory and Empirical Evidence from Toronto Venture Exchange Listed Firms; Feng Chen and Yue Li; the Accounting Review; Issue: Vol. 88, No.6; 2013; Pages: 1939-1969
    • The relevance of environmental disclosures: Are such disclosures incrementally informative?; Peter Clarkson, Xiao Hua Fang, Yue Li and Gordon Richardson; Journal of Accounting and Public Policy; Issue: 32; 2013; Pages: 410 - 431
    • Does it Really Pay to be Green? Determinants and Consequences of Proactive Environmental Strategies; Clarkson, P. M., Li, Y., Richardson, G. D.,Vasvari, F. P.; Journal of Accounting and Public Policy; Issue: Vol. 30; 2011; Pages: pp. 122-144
    • Revisiting the Relation between Environmental Performance and Environmental Disclosure: An Empirical Analysis; P. Clarkson, Y. Li, G. Richardson, and F. Vasvari; Accounting, Organizations and Society; Issue: Volume 33, Issues 4-5; 2008; Pages: pp. 303-327
    • Valuing IPOs Using Price-Earnings Multiples Disclosed by IPO Firms in an Emerging Capital Market; Firth, M., Y. Li and S. S. Wang; Review of Pacific Basin Financial Markets and Policies; Issue: Volume 11, Issue 3; 2008; Pages: pp. 429 – 463
    • The Market Valuation of Environmental Capital Expenditures by Pulp and Paper Companies; Clarkson, P., Y. Li, and G. Richardson; the Accounting Review; Issue: Vol. 79, No. 2; 2004; Pages: pp. 329-353
    • Simultaneous Signaling in IPOs via Management Earnings Forecasts and Retained Ownership: An Analysis of the Substitution Effect; Li, Y., and B. McConomy; Journal of Accounting, Auditing, and Finance; Issue: Vol. 19, No.1; 2004; Pages: pp. 1-28
    • Time-Varying Default Risk Premiums in the Eurodollar Deposit Market; Li, Y. and D. G. Wei; Advances in Quantitative Analysis of Finance and Accounting; Issue: Vol. 9; 2001; Pages: pp. 1-29
    • Disclosure of Environmental Information by Canadian Manufacturing Companies: A Voluntary Disclosure Perspective; Bewley, K. and Y. Li; Advances in Environmental Accounting and Management; Issue: Vol. 1; 2000; Pages: pp. 201-226
    • An Empirical Examination of Factors Affecting the Timing of Environmental Accounting Standard Adoption and the Impact on Corporate Valuation; Li, Y., and B. McConomy; Journal of Accounting, Auditing, and Finance; Issue: Vol. 14, #3, Summer; 1999; Pages: pp. 279-313
    • Corporate Disclosure of Environmental Liability Information: Theory and Evidence; Li, Y., G. D. Richardson and D. Thornton; Contemporary Accounting Research; Issue: Vol. 14, No. 3 (Fall); 1997; Pages: pp. 435-474

    Selected Publications - Books and Chapters

    • A Workable and Effective Corporate Governance System for China's State Owned Enterprises; Gordon, M., Y. Li, and Z. L. Tian; in China's Tax Reform Options, edited by Trish Fulton, Jinyan Li and Dianqing Xu, World Scientific Publishing; 1998; Pages: pp. 255-292
    • Ownership and Control of State Owned Enterprises in China; Gordon, M., Y. Li, and Z. L. Tian; in Taxation in Modern China, edited by Donald Brean, Routledge; 1998; Pages: pp. 245-283

    Recent Presentations

    • Corporate Environmental Compliance Risk and Audit Fees; Yue Li, Dan Simunic, and Minlei Ye; AAA Annual Meeting; 2014
    • Recognition and Valuation Relevance of Asset Retirement Obligations by Canadian Natural Resource Companies; Yue Li, Bruce McConomy and Thomas Schneider; CAAA Conference; 2014
    • Corporate environmental risk exposure and analyst behaviours; Gus de Franco, Yue Li and Yibin Zhou; American Accounting Association Annual Conference; 2012
    • What Drives Corporate Charitable Contributions: Market Forces, Government Influences, or Political Goodwill?; Junxiong Fang, Wenjing Li, and Yue Li; AAA, CAAA annual conference; 2011
    • Corporate governance and the value relevance of proven and probable oil and gas reserve disclosures: Canadian Evidence; Yue Li, Dan Thornton, and Michael Welker; AAA Annual Conference; 2008
    • Does corporate governance matter? The case of corporate environmental and social responsibility committees in the board; Kevin Lam and Yue Li; AAA Annual Conference; 2007

    Honors and Awards

    2012  Emerald Management Reviews Citations of Excellence Award
    2011  SSHRC Standard Research Grant ($45,890), PI
    2006  Best Paper Award; ASAC Conference
    2006  Best Paper Award; 2006 AFAANZ Conference
    2005  SSHRC Standard Research Grant ($97,060), PI
    2004  CICA Research Grant ($10,000), co-investigator
    2004  Deloitte & Touche/CAAA Research Grant ($10,000), PI
    2003  CMA/CAAA Research Grant, $10,000, PI
    2003  CICA/CAAA Research Grant, $10,000, co-investigator
    2000  SSHRC Special-One-Time-Only Grant $8,625
    1997  CAAA Research Grant $10,000, co-investigator
    1992  Ontario Graduate Scholarship; Queen's University
    1991  Queen's Graduate Fellowship; Queen's University
    1990  Eaton Fellowship; Queen's University
    1989  Dean's Award; Queen's University
    1988  CIDA Fellowship; University of Toronto

    Professional Affiliations/Memberships

    Canadian Academic Accounting Association
    American Accounting Association

    Research and Teaching Interests

    Teaches courses in managerial accounting, management control, accounting theory, financial statement analysis, and consolidation. Research interests include environmental accounting, corporate governance, voluntary disclosures and capital markets, Corporate Social Responsibility, and IPO valuation.  

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