Cheol Lee

Cheol Lee


Chair, Department of Accounting
Professor of Accounting



Mike Ilitch School of Business
2771 Woodward Avenue
Room 391
Detroit, MI 48201

Academic Programs

  • Accounting

Cheol Lee


Chair, Department of Accounting, 2023 to Present

Professor, Department of Accounting, 2021 to Present

Associate Professor, Department of Accounting, 2015 - 2021

Assistant Professor, Department of Accounting, 2008 - 2015

Instructor, Department of Accounting, 2007 - 2008

Visiting Scholar, Sogang University, Seoul, Korea 2019

Visiting Scholar, KAIST, Seoul, Korea


Membership: American Accounting Association, Korean-American Accounting Professor Association (KAAPA)
President - KAAPA (2019 - 2021)
Vice President - KAAPA (2017 - 2019)

 Editorial Board - Advances in Accounting

Ad-hoc reviewers
- Journal of Accounting and Public Policy
- Journal of Accounting, Auditing & Finance
- Journal of Business Finance & Accounting
- Review of Accounting Studies
- Journal of Business Ethics
- Advances in Accounting
- Journal of International Accounting Research
- Journal of Business Research
- Review of Accounting and Finance
- Asia-Pacific Journal of Financial Studies


  • Ph.D., The State University of New York at Buffalo (SUNY at Buffalo)
  • MS, The State University of New York at Buffalo (SUNY at Buffalo)
  • BA, MBA, Sungkyunkwan University, Seoul, Korea  

AACSB specialty


Research and teaching interests


  • Financial reporting
  • Earnings management
  • Disclosure
  • Audit quality
  • Corporate Social Responsibility


  • Financial accounting
  • International accounting


  • J. Hwang., C. Lee., and K. Nam. Classification Shifting and Future Stock Price Crash Risk. Australian Accounting Review, forthcoming.
  • S. Chung, C. Lee., G. Lobo., and K. Ow Yong. 2023. Valuation Implications of FAS 159 reported gains and losses from fair value accounting for liabilities. Journal of Accounting, Auditing, and Finance, 38 (4): 833 - 856. 
  • S. Kim., C. Lee., and S. Mitra. 2022. Other Side of Voluntary Clawback Provisions in Executive Compensation Contracts: Evidence from the Investment Efficiency. Review of Pacific Basin Finanical Markets and Policies, 25  (1) 1-50. 
  • S. Cho, P. Kang, C. Lee, and C. Park. 2020. Financial Reporting Conservatism and Voluntary CSR Disclosure. Accounting Horizons, 34 (2): 63-82.
  • C. Lee, J. Lee, and M. Park. 2020. Do PCAOB inspections improve working capital accural reliability? Evidence from PCAOB annual versus triennial inspection exposure. Accounting Horizons, 34 (2): 147-166.
  • S. Cho and C. Lee. 2019. Managerial efficiency, corporate social performance, and corporate financial performance. Journal of Business Ethics, 158 (2) 467-486.
  • J. Downes, T. Kang, S. Kim, and C. Lee. 2019. Does the Mandatory Adoption of IFRS Improve the Association between Accruals and Cash Flows? Evidence form Accounting Estimates. Accounting Horizons, 33 (1) 39-59.
  • A. Billings, C. Lee, and J. Lee. 2018. Dividend tax policy and private-sector research and development spending: A modified perspective on the impact of U.S. Tax Reform Act on R&D spending. Advances in Taxation. 25 51-72.
  • S. Kim and C. Lee. 2014. Implementability of trading strategies based on accounting information: Piotroski (2000) revisited. European Accounting Review.
  • Lee, C., and Park, M. 2013. Subjectivity in fair-value estimates, audit quality, and informativeness of other comprehensive income. Advances in Accounting, 29 (2), 218-231.
  • K.J. Kim, C. Lee, and S. Tiras. 2013. The effects of adjusting the residual income model for industry and firm-specific factors when predicting future abnormal returns. Asia-Pacific Journal of Financial Studies, 42(3), 373-402.
  • S. Kim, C. Lee, and S.W. Yoon. 2013. Goodwill accounting and asymmetric timeliness of earnings. Review of Accounting and Finance, 12(2), 112-129.
  • S. Cho, C. Lee, and R. Pfeiffer. 2013. Corporate Social Responsibility Performance and Information Asymmetry. Journal of Accounting and Public Policy, 32 (1), 71-83.
  • S. Cho, C. Lee, and K. Park. 2012. Measuring Corporate Social Responsibility - A Survey of Recent Research. CPA Journal, June.
  • Lee, C. 2011. The Effects of SFAS No.142 on the Ability of Goodwill Predicting Future Cash Flows. Journal of Accounting and Public Policy, 30 (3), 236-255. 



  • The CPA Ontario Center for Public Policy and Innovation Research Funding, Canada.
  • The Best Paper Award - 2018 Midwest Region Meeting (American Accounting Association)
  • 2013 Outstanding paper named in Review of Accounting and Finance
  • The Institute for International Issues in Accounting (IIIA) - Canada.
  • The 2009 PwC INQuires Program.

Courses taught by Cheol Lee

Fall Term 2024 (future)

Winter Term 2024

Fall Term 2023

Winter Term 2023

Fall Term 2022

Winter Term 2022