Charles Sturt University
Charles Sturt University

Dr Darren Lee

Dr Darren Lee

BBus(Banking&Fin) (Hons), PhD

Profile

Dr Lee has worked within the finance industry and academia for the past 20 years. He has taught across undergraduate, postgraduate, MBA, honours and executive education classes and has held academic positions at the University of Queensland, Monash University and Griffith University. Prior to joining academia Dr Lee held numerous positions in the finance industry across portfolio management, research & performance analytics, ESG consulting, financial planning and Treasury roles. His primary expertise is in the area of ESG Integration and Sustainability Investing. Dr Lee has published in leading domestic and international journals, including the Journal of Corporate Finance, Journal of Business Ethics, Accounting and Finance, Australian Journal of Management, the Financial Review (US), Journal of Accounting and Information Management, and Multinational Financial Management.

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Teaching

  • Portfolio and Investment Management
  • Financial Management / Introduction to Finance
  • Personal Wealth Management
  • Corporate Finance
  • Investments

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Research Interests

  • Environmental, Social and Governance (ESG) Integration
  • ESG Investing
  • Sustainability Investment
  • Socially Responsible Investing (SRI)
  • Superannuation
  • Behavioural finance
  • Market over and under reaction
  • Financial literacy and risk profile assessment
  • Fund Manager Performance and Risk Measurement
  • Contrarian investing
  • Market Efficiency

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Awards

  • Outstanding Paper Award Winner at the Literati Network Awards for Excellence 2013
  • Australian Sustainability Awards finalist in the category of research 2011
  • Australian Sustainability Awards finalist in the category of research 2010
  • Australian Sustainability Awards finalist in the category of research 2009
  • Nominated for a UQBS Postgraduate Teaching Award 2009
  • AFAANZ Research Grant 2008
  • New staff research grant 2006
  • Australian Sustainability Awards finalist in the category of research 2008
  • Australian Sustainability Awards finalist in the category of research 2007
  • APA Scholarship 2003
  • University and Industry award for top Honours student - Monash 2002
  • Best Paper at the Annual University Competition for Q-Group Australia 2002

Memberships and Affiliations

  • Accounting and Finance Association of Australia and New Zealand (AFAANZ)
  • United Nations Academic Network

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Publications

  • Xiao, Yuchao, Faff, Robert, Gharghori, Philip and Lee, Darren (2013) An empirical study of the world price of sustainability. Journal of Business Ethics, 114 2: 297-310.
  • Lee, Darren, Faff, Robert and Rekker, Saphira (2013) Do high and low-ranked sustainability stocks perform differently? International Journal of Accounting and Information Management, 21 2: 116-132.
  • Humphrey, Jacquelyn E., Lee, Darren D. and Shen, Yaokan (2012) The independent effects of environmental, social and governance initiatives on the performance of UK firms. Australian Journal of Management, 37 2: 135-151.
  • Humphrey, Jacquelyn E., Lee, Darren D. and Shen, Yaokan (2012) Does it cost to be sustainable? Journal of Corporate Finance, 18 3: 626-639.
  • Humphrey, Jacquelyn and Lee, Darren (2011) Australian socially responsible funds: Performance, screens and structure. Ethical Investor, 97: 36-37.  128 378
  • Humphrey, Jacquelyn E. and Lee, Darren D. (2011) Australian socially responsible funds: Performance, risk and screening intensity. Journal of Business Ethics, 102 4: 519-535.
  • Lee, Darren D., Humphrey, Jacquelyn E., Benson, Karen L. and Ahn, Jason Y. K. (2010) Socially responsible investment fund performance: The impact of screening intensity. Accounting and Finance, 50 2: 351-370.
  • Artiach, Tracy, Lee, Darren, Nelson, David and Walker, Julie (2010) The determinants of corporate sustainability performance. Accounting and Finance, 50 1: 31-51.
  • Lee, Darren D., Faff, Robert W. and Langrield-Smith, Kim (2009) Revisiting the vexing question: Does superior corporate social performance lead to improved financial performance? Australian Journal of Management, 34 1: 21-49.
  • Lee, Darren D. and Faff, Robert W. (2009) Corporate sustainability performance and idiosyncratic risk: A global perspective. The Financial Review, 44 2: 213-237.
  • Lee, Darren D., Chan, Howard, Faff, Robert W. and Kalev, Petko S. (2003) Short-term contrarian investing: is it profitable? Yes and No. Journal of Multinational Financial Management, 13 4-5: 385-404.
  • Chan, Howard, Faff, Robert W., Kalev, Petko S. and Lee, Darren D. (2003) Further evidence on the short-term contrarian investment strategy. Finance Letters, 1 2: 41-45.
  • Lee, D. (2009) Beyond Simple Numbers: The value of environmental, social and governance factors, The Alumni Association: UQ Business School, issue 2.
  • Lee, D. (2008) ESG-aware balanced portfolios. Your Trading Edge, 13 2: 18-20.  75
  • Lee, D. (2007) SRI and performance: Don’t throw the baby out with the bath water. Responsible Investor, http://www.responsible-investor.com, Issues 1.

Conference Papers / Invited Speaker

  • Lee, D. (2008) An Investigation of the CSP/CFP link: A Multivariate Panel Probit Analysis with R.W. Faff, 2007 Australasian Finance and Banking Conference.
  • Lee, D. (2004) Socially Responsible Investing: An investigation of the Dow Jones Sustainability Index.  2004. Monash Governance Research Unit (MGRU) Conference – Innovating Corporate Social Responsibility.
  • Lee, D. (2002) Short-term contrarian:  Australian Evidence, with Chan, R.W., Faff, and P.S. Kalev, 2002 Australasian Finance and Banking Conference,
  • Lee, D. (2002) Short-term contrarian:  Australian Evidence, with H., Chan, R.W., Faff, and P.S. Kalev, 2002. Q-Group Conference Melbourne (awarded best paper).
  • (2009) Invited Guest Speaker:  Griffith Sustainable Finance Symposium.   “Investing in High and Low Sustainability Stocks: New Evidence.
  • (2009) Invited Guest Speaker: Australian Ethical Funds Management. “Socially Responsible / Sustainability Investing with an overview of academic research surrounding socially responsible investing” with Jacquelyn Humphrey.
  • (2008) Invited Guest Speaker:  Non-profit Finance Forum – Best Practice Management for Nonprofits.   “Enlightened Self Interest” Awareness to Action. “Performance, Performance, Performance: The Power of Responsible Investment”.
  • (2008) Invited Guest Speaker:  ENVM2522 – Environmental Markets and Emissions Trading.  School of Natural and Rural Systems Management (UQ). “Enlightened Self Interest”.
  • (2007) Invited Guest Speaker:  United Nations Environmental Programme Finance Initiate – Global Roundtable:  Awareness to Action. “Performance, Performance, Performance: The Power of Responsible Investment”.
  • (2007) Guest speaker:  TBLI Asia “The Corporate Sustainability Discount Puzzle – A New Perspective on what we should be observing”.
  • (2007) Invited Guest speaker: UQBS Alumni presentation on ‘Socially Responsible Investing’.
  • (2007) Invited Panel speaker: Griffith University on the topic "Sustainable success: Insights into the responsible investment revolution.
  • (2004) Invited Guest speaker: Monash Governance Research Unit (MGRU) Conference – Innovating Corporate Social Responsibility.
  • (2003) Paper presented: - Corporate Sustainability: Joint PhD Symposium (University of Melbourne and Monash University).
  • (2002)   Paper Presented: Short-term contrarian investing. CSIRO Seminar.

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