My name is Lian Fen (not Lian) and I was born and raised in Singapore. Prior to pursuing my PhD, I worked in the tax departments of Arthur Andersen and Ernst and Young. I am currently an Associate Professor of Accounting at Boston College. My research primarily examines the dynamics in a firm’s information environment with a specific focus on two significant players – managers and analysts. I am interested in how managers’ and analysts’ incentives and abilities drive the information they provide, and the capital market consequences of their information outputs. I have taught introductory financial accounting and intermediate financial accounting at Boston College, as well as managerial and cost accounting at Singapore Management University.

Lian Fen


Bachelor of Accounting (First Class Honors)

Nanyang Technological University, Singapore


Published Papers

Lee, L.F. “Incentives to inflate reported cash from operations using classification and timing”

The Accounting Review 87 (2012): 1-33

Winner of 2010 AAA Competitive Manuscript Award

Hutton, A.P., L.F. Lee, and S. Shu. “Do managers always know better? Relative accuracy of management and analyst forecasts”

Journal of Accounting Research 50 (2012): 1217-1244

Lee, L.F., A.P. Hutton, and S. Shu. “The role of social media in the capital market: Evidence from consumer product recalls”

Journal of Accounting Research 53 (2015): 367-404

Bradshaw, M., L.F. Lee, and K. Peterson. “The interactive role of difficulty and incentives in explaining the annual earnings forecast walkdown”

The Accounting Review 91 (2016): 995-1021

Lee, L.F. and A. Lo. “Do opinions on financial misstatement firms affect analysts’ reputation with investors? Evidence from reputational spillovers"

Journal of Accounting Research 54 (2016): 1111-1148

Lee, L.F., M. Lowry, and S. Shu. “Are all perks solely perks? Evidence from corporate jets”

Journal of Corporate Finance 48 (2018): 460-473

Bushee, B., J. Gerakos, and L.F. Lee. “Corporate jets and private meetings with investors”

Journal of Accounting and Economics (2018), Forthcoming

Working Papers

Lee, L.F. “Proximity and real earnings management”

Bradshaw, M., L.F. Lee, and K. Peterson. “An Examination of the Listing of Analyst Coverage on Corporate Websites”

Gallimberti, C., L.F. Lee, and A. Lo. “Bank Loans and Borrower Stock Liquidity: Evidence from Liquidity Changes Around Loan Contracts”


William S. McKiernan '78 Family Faculty Fellow 2017 - Present

Carroll School of Management Teaching All-Star 2013-2018

AAA Competitive Manuscript Award 2010

Rackham Graduate Student Fellowship 2008-2009

Deloitte and Touche Doctoral Fellowship 2007-2009

William A. Paton Doctoral Fellowship 2004-2009

Ross School of Business Fellowship 2004-2008

Ernst and Young Gold Medal 2002

Lee Fook Hong Prize in Taxation 2002

Dean's List at Nanyang Technological University 2000-2002