Maurice K.S. Tse
Dr. Maurice K.S. TSE, JP
Finance
BEcon & BEcon&Fin Programme Director
Principal Lecturer

2857 8636

KK 919

Biography

Maurice Tse received a Ph.D. in Finance from Michigan State University. In 1988, when still a Ph.D. candidate, he won the All-University-Excellence in Teaching Award as a graduate course instructor. Maurice joined the School of Business at Indiana University in 1989. In 1991, he also obtained a professional qualification as an Associate of the Society of Actuaries (ASA). Maurice's teaching has mainly been concerned with telling students how to get rich slowly but surely instead of getting rich fast.

Maurice has also been involved in teaching and consulting services to professional institutions. Since 1995, he has been an external assessor for the University Grants Committee. In 1996, while on staff at HKUST, Maurice taught the Professional Course for Equity Options Practitioners and the Diploma Course in Derivatives and Risk Management for the Stock Exchange of Hong Kong. In 1993 and 1994, he served on one of the Examination Committees in the Society of Actuaries. In 1991, he prepared the 1991 Housing Affordability Report for the Housing Finance Authority, State of Indiana, USA, to assist the state in complying with Department of Housing and Urban Development regulations.

Maurice has wide research interests, which include the effects of government regulations on the volatility and the wealth transfer in financial markets, asset pricing, corporate finance, and risk management. His current research focuses on the valuation of hybrid mortgage, signaling and corporate acquisitions, market structure and return volatility in Hong Kong, the commercial real estate market adjustment process, and the U.S. and Japanese Currency and Stock Market Responses to Japanese Merchandise Balance of Trade Announcements

Selected Publications
  • "Supply Adjustments to Demand Shocks in the Commercial Real Estate Market",
    (with G.H. Lentz), Real Estate Economics, forthcoming.
  • "The U.S. International Air Route Award Process: Shareholder Wealth Effects and Policy Implications",
    (with G.E. Hoffer and S.W. Pruitt), The Journal of Regulatory Economics, Vol. 12, 1997, pp.197-217.
  • "The Price, volatility, volume, and liquidity effects of Changes in Federal Reserve Margin Requirements on both Marginable and Non-marginable OTC Stocks",
    in S.W. Pruitt and Andrew Lo, (eds.), The Industrial Organization and Regulation of the Securities Industry, National Bureau of Economic Research, University of Chicago, 1996.The Industrial Organization and Regulation of the Securities Industry
    National Bureau of Economic Research, University of Chicago, 1996.
  • "An Option Pricing Approach to the Valuation of Commercial Real Estate Contaminated with Hazardous Materials",
    (with G.H. Lentz), The Journal of Real Estate Finance and Economics, Vol. 10. No. 2, Spring 1995, pp.121-144.
  • "A Quadratic Approach to the Two-Stage Dividend Discount Model",
    in K.Han and J. Uppal, Dilip K. Ghosh, (eds) , New Advances in Financial Economics, Oxford, Elsevier Science Publishers, London, U.K., 1995, pp.23-37.New Advances in Financial Economics
    Oxford, Elsevier Science Publishers, London, U.K., 1995.
  • "The CRISMA Trading System: The Next Five Years",
    (with S.W. Pruitt and R.E. White), The Journal of Portfolio Management, Vol. 18, 1992, pp.22-25.
  • "Downside Risk and Investment Planning",
    (with M.A. White and J. Uppal), The Financial Review, Vol. 28 No. 4, November 1993, pp.585-605, an abstract of this article was also published in the CFA Digest, Spring 1994, by the Association for Investment Management and Research.
Recent Publications
The Global Trend of Romance Scam

交友應用程式的流行和針對新冠疫情而實施的社交距離措施為人際關係帶來重大變化。近年欺詐案在香港特區層出不窮,升勢不止。筆者相信這與疫情期間流行網上聊天交友不無關係。

The Global Trend of Romance Scam

交友應用程式的流行和針對新冠疫情而實施的社交距離措施為人際關係帶來重大變化。近年欺詐案在香港特區層出不窮,升勢不止。筆者相信這與疫情期間流行網上聊天交友不無關係。

The Rise of Metaverse

不論在線上線下,「元宇宙」(Metaverse)都是城中熱話。何謂元宇宙?

The Rise of Metaverse

不論在線上線下,「元宇宙」(Metaverse)都是城中熱話。何謂元宇宙?

The Price of “Zero-Covid” amid Worsening Pandemic

香港在連續數月「清零」後,在社區出現Omicron變種病毒個案,爆發第五波疫情,特區政府因而重新推出表列處所須關閉等社交距離防疫措施,並取消多項大型活動。

The Price of “Zero-Covid” amid Worsening Pandemic

香港在連續數月「清零」後,在社區出現Omicron變種病毒個案,爆發第五波疫情,特區政府因而重新推出表列處所須關閉等社交距離防疫措施,並取消多項大型活動。

The Infinite Potential of the Biotech Industry

新冠肺炎變種病毒的威脅與日俱增,醫療保健和生物科技業有何應對辦法,自然備受全球關注。生物科技的發展有助解決現存問題, 例如傳染病疫苗、老齡化社會以至氣候變化,對人類社會貢獻極大;但研發過程漫長,技術風險高,尤其需要長期投資和雄厚資本,以及上市前後的持續融資。

The Infinite Potential of the Biotech Industry

新冠肺炎變種病毒的威脅與日俱增,醫療保健和生物科技業有何應對辦法,自然備受全球關注。生物科技的發展有助解決現存問題, 例如傳染病疫苗、老齡化社會以至氣候變化,對人類社會貢獻極大;但研發過程漫長,技術風險高,尤其需要長期投資和雄厚資本,以及上市前後的持續融資。

The Pros and Cons of the SPAC Tide

特殊目的收購公司(Special Purpose Acquisition Company;簡稱SPAC)早於1990年代已在美國出現。以SPAC融資 上市雖非主流,但對比傳統的首次公開招股(IPO),SPAC能提供更快捷的途徑進入公開市場,尤其便於初創公司。

The Pros and Cons of the SPAC Tide

特殊目的收購公司(Special Purpose Acquisition Company;簡稱SPAC)早於1990年代已在美國出現。以SPAC融資 上市雖非主流,但對比傳統的首次公開招股(IPO),SPAC能提供更快捷的途徑進入公開市場,尤其便於初創公司。