Image of Li (Lillian) Li

Contact Information

Academic School

School of Management


51 Fulton Street, Room 220



845-575-3000, ext. 2992

Li (Lillian) Li

Associate Professor of Accounting


Professor Li joined Marist as an Assistant Professor of Accounting in fall 2013. She teaches financial accounting, managerial accounting, intermediate accounting, advanced accounting, and international financial reporting standards. She was an assistant professor at Macau University of Science and Technology from 2006 to 2011.


MS in Accounting, Louisiana State University, Baton Rouge, LA, 2012
PhD in Accounting, Dongbei University of Finance and Economics, China, 2007
MS in Accounting, Dongbei University of Finance and Economics, China, 2004
BS in Accounting, Dongbei University of Finance and Economics

Research Interests/Areas of Focus

Management studies; Bank efficiency; financial reporting

Selected Publications

Yang, R., Li, L., Jiang, Q. and Qi, J. (2022) Optimal bond issuance with cost and liquidity constraints for Chinese local governments: a multi-period stochastic programming approach. Empirical Economics (SSCI), 

Li, R., Li, L. and Zou, P. (2020). Credit Risk Shocks and Banking Efficiency: A Study Based on a Bootstrap-DEA Model with Non-performing Loans as Bad Output, Journal of Economic Studies

Li, B., Zheng, W. and Li, L. (2019) Parent–subsidiary geographic dispersion and earnings management. Asia-Pacific Journal of Accounting & Economics (SSCI), DOI:10.1080/16081625.2019.1600417

Li, L. and Cai, C. (2018) The Cost Channel of Monetary Policy and Inflation Behavior in China. Journal of Economic Research, Vol. 23, No. 2, 131-158

Li, L. and Li, X. (2018) Farm Performance and Management Strategies. International Journal of Food and Agricultural Economics, Vol. 6, No. 2, 1-25

Shen, J. and Li, L. (2017) Host Countries Growth Opportunities and China's Outward FDI. Asian-Pacific Economic Literature (SSCI). Volume 31, Issue 2, 78–95, DOI: 10.1111/apel.12192

Jiang, X. and Li, L. (2015)  Naive Method to Test the Convergence of Simulation and Its Applications in the Computation of Bankruptcy Probability. Journal of Statistical Computation and Simulation (SSCI), DOI: 10.1080/00949655.2015.1057822

Li, L. (2014) The Impact of Non-interest Income on the Efficiency of China's Banking Sector. Journal of Stock & Forex Trading, Volume 3, Issue 4

Li, L. and Zhang, Y. (2013). Are There Diversification Benefits of Increasing Noninterest Income in the Chinese Banking Industry? Journal of Empirical Finance (SSCI), 24, 151-165

Li, L. and Zhang, Y. (2010).The Impact of Derivatives Activity on Commercial Banks: Evidence from U.S. Bank Holding Companies,  Asia-Pacific Financial Markets(SSCI), 17:303-302

Selected Presentations

Financialization of International Commodity Market and Its Effects on BRIC Countries, Eastern Economic Association 47th Annual Conference, February 25-28, 2021, New York 

Financial Development and Firm Exports in China: A Study based on Bank Heterogeneity, Eastern Economic Association 46th Annual Conference, Feb. 27- Mar. 1, 2020 in Boston

Anti-corruption and Firm Value: A Study of a Natural Experiment Based on the Announcement of Government Officials Being Investigated in China, Eastern Economic Association 45th Annual Conference, Feb. 28–Mar. 3, 2019 in New York City

Parent-subsidiary Geographic Dispersion, Accrual Earnings Management and Bloated Balance Sheets, Eastern Economic Association 44th Annual Conference, March 1-4, 2018 in Boston

Farm Performance and Management Strategies, Eastern Economic Association 43rd Annual Conference, February 23-26, 2017 in New York City

Global Growth Opportunities and China’s Outward Foreign Direct Investment, The International Conference on Globalization, Enterprises, and Economic Development, December 2, 2016 in Washington, D.C.

Non-interest Income and Bank Efficiency: Evidence from China Banking Sector, The 41st Annual Northeast Business & Economics Conference, November 2014, Monmouth University in New Jersey