Maurice K.S. Tse
Dr. Maurice K.S. TSE, JP
金融学
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
通关路上 蓄势复常

香港特区实施长达3年的严控新冠疫情措施后,随着2022年过去而成为历史。鉴于去年本地经济表现逊于预期,加上环球局势不明朗等因素,特区政府将全年实质本地生产总值(GDP)下调至负3.2%。

通关路上 蓄势复常

香港特区实施长达3年的严控新冠疫情措施后,随着2022年过去而成为历史。鉴于去年本地经济表现逊于预期,加上环球局势不明朗等因素,特区政府将全年实质本地生产总值(GDP)下调至负3.2%。

体育催化 产业升华

在新冠肺炎的影响下,卡塔尔仍成功主办举世瞩目的世界杯,令全球观众尽情投入一股足球热潮。观乎今届赛事,亚洲球队如日本和南韩表现出色,香港足球发展却停滞不前,相形见绌。特区政府必须提供更多诱因,吸引投资者注入更多资源,才有望为本地足运带来生机。香港理应乘此热潮,追上体育产业化的国际潮流,达致相关产品多元化和效益最大化。

体育催化 产业升华

在新冠肺炎的影响下,卡塔尔仍成功主办举世瞩目的世界杯,令全球观众尽情投入一股足球热潮。观乎今届赛事,亚洲球队如日本和南韩表现出色,香港足球发展却停滞不前,相形见绌。特区政府必须提供更多诱因,吸引投资者注入更多资源,才有望为本地足运带来生机。香港理应乘此热潮,追上体育产业化的国际潮流,达致相关产品多元化和效益最大化。

加快抢攻 新兴金融

香港金融市场表现出色,截至2021年底,在港管理的资产总值4.5万亿美元;私募基金资产达1800亿美元,在亚洲区内规模仅次于内地。然而在金融市场产品方面,香港仍侧重股票,缺乏多元化发展,为加强产品及服务的深度和广度,以巩固其国际金融中心地位,不妨从新兴领域入手。

加快抢攻 新兴金融

香港金融市场表现出色,截至2021年底,在港管理的资产总值4.5万亿美元;私募基金资产达1800亿美元,在亚洲区内规模仅次于内地。然而在金融市场产品方面,香港仍侧重股票,缺乏多元化发展,为加强产品及服务的深度和广度,以巩固其国际金融中心地位,不妨从新兴领域入手。

临危思变 后发争先

2019冠状病毒病困扰香港特区快将3年,期间世界局势波诡云谲,在内外交困之际,本地社会民生问题不断涌现,经济雪上加霜,香港作为国际金融中心的地位备受挑战。

临危思变 后发争先

2019冠状病毒病困扰香港特区快将3年,期间世界局势波诡云谲,在内外交困之际,本地社会民生问题不断涌现,经济雪上加霜,香港作为国际金融中心的地位备受挑战。

控疫復常 曙光初亮

近日香港新冠疫情回稳,特区政府于9月26日开始放宽入境检疫安排,把实施一个多月以来的「3+4」门槛下调至「0+3」,亦即抵港人士毋须接受强制检疫,只须进行3天医学监察。显而易见,此举旨在掌控疫情、保障市民健康的大前提之下,尽量扩大香港连接国际的空间,让经济有序地重拾正轨,社会得以脱离困境。

控疫復常 曙光初亮

近日香港新冠疫情回稳,特区政府于9月26日开始放宽入境检疫安排,把实施一个多月以来的「3+4」门槛下调至「0+3」,亦即抵港人士毋须接受强制检疫,只须进行3天医学监察。显而易见,此举旨在掌控疫情、保障市民健康的大前提之下,尽量扩大香港连接国际的空间,让经济有序地重拾正轨,社会得以脱离困境。