Li Wang, Ph.D.

Li Wang, Ph.D.
Title: Associate Professor
Dept/Program: GW Daverio School of Accountancy
Office: CBA 239
Phone: (330) 972-6606


  • Ph.D., Kent State University, Kent, Ohio
  • M.B.A., The University of Akron, Akron, Ohio
  • B.B.A., Morehead State University, Morehead, Kentucky (Magna Cum Laude)

Professional & Academic Experience

Academic Experience

  • 2013 – Present Associate Professor, School of Accountancy, The University of Akron.
  • 2007 – 2013 Assistant Professor, School of Accountancy, The University of Akron.
  • 2006 – 2007 Assistant Professor, Department of Accountancy, Xavier University.
  • 2002 – 2006 Teaching Fellow, Department of Accounting, Kent State University.
  • Undergraduate courses taught:
    • Introduction to Financial Accounting
    • Introduction to Managerial Accounting
    • Intermediate Accounting I
    • Intermediate Accounting II
    • Auditing
  • Graduate course taught:
    • Accounting for Managerial Action/Evaluation
    • Auditing
    • Contemporary Accounting Issues

Professional Experience

  • 1998 – 2002 Corporate Headquarters, Brown Forman Corporation, Louisville, Kentucky
    • Conducted reviews and audits to ensure accuracy, compliance with GAAP, tax, legal entity structures, and appropriate internal controls
    • Provided financial services to senior management
    • Managed special projects, such as foreign exchange analysis, intercompany-profit analysis for international subsidiaries, bonus analysis, and strategic development projects
    • Controlled all accounting activities associated with assigned foreign subsidiaries
  • 1996 – 1998 Corporate Headquarters, Timken Company, Canton, Ohio
    • Prepared business plans and financial forecasts
    • Provided analytical services to senior management on variance analysis, benchmarking analysis, and strategy reviews
    • Presented quarterly financial results to senior executives and external auditors
    • Assisted in capital budgeting model revision
    • Assisted in Hyperion Financial Forecast system implementation
    • Prepared financial statements in both local currency and USD for the assigned international units
    • Prepared corporate consolidated financial statements according to GAAP
    • Assisted in the implementation of Hyperion reporting and consolidation system

Professional Training

  • Certified Public Accountant (CPA)
  • Certified Management Accountant (CMA)


Research and Publications

  • "The Mixed Attribute Model in SFAS 133 Cash Flow Hedge Accounting: Implications for Market Pricing" (with S. Makar and P. Alam). Review of Accounting Studies, 2013 18(1):66-94.
  • Makar, S., Wang, L., and P. Alam. Managing FX Risk During the Euro Crisis. Journal of Corporate Accounting & Finance, 2012.
  • Calderon, T., Wang, L., and E. Conrad. Material Internal Control Weakness Reporting Since the Sarbanes-Oxley Act. The CPA Journal, 2012.
  • "Past Control Risk and Current Audit Fees" (with T. Calderon and T. Klenotic). Managerial Auditing Journal, 2012.
  • Evaluating FX Risk Management Strategy: The Limits of Accounting Information" (with S. Makar and P. Alam). Journal of Corporate Accounting & Finance, 2011.
  • "Derivative Use and Accounting Regulation Change: Does SFAS No. 133 Hedge Accounting Affect Currency Risk Management Decisions?" Advances in Quantitative Analysis of Finance and Accounting, 2010 (with S. Makar and P. Alam).
  • "Analyzing Late SEC Filings for Differential Impacts of IS and Accounting Issues". International Journal of Accounting Information Systems, 2010 (with J. Cao, T. Calderon, and A. Chandra).
  • "Does IT outsourcing deliver economic value to firms?" Journal of Strategic Information Systems, 2010 19: 109-123 (with K. L. Gwebu and J. Wang).
  • "The Aftermath of Information Technology Outsourcing: An Empirical Study of Firm Performance Following Outsourcing Decisions". Journal of Information Systems, 2008 22(1): 125 – 149 (with K. L. Gwebu, J. Wang and D. X. Zhu).
  • "Information Technology Capability: Firm Valuation, Earnings Uncertainty and Forecast Accuracy". Journal of Information Systems, 2007 21 (2): 27 – 48 (with P. Alam).
  • "The Value Relevance of Derivative Disclosures by Commercial Banks: A Comprehensive Study of Information Content under SFAS Nos. 119 and 133". Review of Quantitative Finance and Accounting, 2005 25 (4): 413 – 427 (with P. Alam and S. Makar).


  • 2013    Research Excellence Award, CBA, The University of Akron.
  • 2012    Dean's Research Quality Award, CBA, The University of Akron.
  • 2011    Nominated for Teaching Excellence Award, CBA, The University of Akron.
  • 2009    Second Place, Andrews Best Paper Award, American Accounting Association Ohio Region Conference.
  • 2006    Outstanding Academic Achievement, Phi Beta Delta, the Honor Society for International Scholars.
  • 2005    Best Doctoral Student Manuscript, American Accounting Association Ohio Region Conference.
  • 2004    Best Doctoral Student Manuscript, American Accounting Association Ohio Region Conference.
  • 2004    American Accounting Association/Deloitte/J. Michael Cook Doctoral Consortium Fellow