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貨幣爭霸 花落誰家 (The race is on for the new world currency)
近年來,數碼貨幣在世界各地日常經濟活動中已擔當不可或缺的角色,例如中國內地的支付系統,就以微信和支付寶居主導地位,數以億計的消費者已習慣以電子錢包取代現金。臉書正籌備發行新加密幣Libra,標榜為與一籃子官方貨幣掛鈎的「穩定幣」(stablecoin)。在非洲,肯尼亞電訊公司Safaricom亦已推出手機支付程式M-Pesa。

湾区争雄重育才 融汇中西港占优
去年夏天笔者刚从洛杉矶移居到香港这座阔别多年的城市,就接到所属经管学院通知,因学生报名人数突然几近翻倍,需多教一门应用计量经济学的硕士课程。2019冠状病毒病疫情下,香港特区的大学还能增产扩容,实属难得。
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Watch, Read, Listen
Organisations’ dilemma amidst the spread of epidemics
管理學大師克里斯滕森(Clayton Christensen)今年1月不幸去世,他生前憑其所提出的「顛覆性創新」理論(Theory of Disruptive Innovation)聞名於世。2011年,其著作《創新者的窘境》(The Innovator’s Dilemma)更被《經濟學人》(The Economist)評為史上六大商業名著之一;書中提出了一個極其重要的問題:成功高效的企業,往往不擅長自我革新,與時俱進。這些企業也許很早就知道了競爭者的新技術,但最初並不重視。新技術不成熟,吸引的顧客也有限。可問題是,當企業醒覺時,卻往往為時已晚。
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Opportunities and Strategies for Hong Kong to Become a Global Supply Chain Management Center
The structure of global supply chains has been undergoing continuous transformation, driven by…
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Opportunities and Developments of Family Office in Hong Kong
香港特首李家超在其首份《施政報告》中設定目標,在2025年年底前,要吸引不少於200個家族辦公室在香港開設營業部或擴大業務。家族辦公室的發展對香港經濟有重大益處。
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Only the Market Can Unlock the Value of Data Assets
In 2026, Reddit’s data licensing agreement with Google, reportedly worth about US$60 million…
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One Year on: a Review of Trump’s Reciprocal Tariffs
Tomorrow marks the first anniversary of the reciprocal tariff war initiated by Donald…
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One Dollar, one Bag: Too much or Too little?
從5角到1元,雖然價格翻倍,但有市民認為加幅不痛不癢,對制止濫用塑膠購物袋難以奏效。早前也有議員在立法會會議上提出加價至2元,但其決議案被否決。到底應該如何對塑膠購物袋收費,才能達到保護環境的目標呢?
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On the Difficulty of Government Intervention
政府如何干預經濟是經濟學中一個重要的課題。教科書給出簡單的答案:只有在市場失靈或社會財富分配極端不均的情況下,政府才需要介入經濟運作。反觀現實,恐怕沒有哪個政府如此「無甚作為」。即便是在信奉自由經濟的香港,政府的作用也遠不限於解決市場失靈或財富分配的問題。當下社會有一種聲音,希望政府能更積極地制定經濟政策,促進持續發展。
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Oh, My Poor Funds – A Timely Revisit of Hong Kong’s MPF System
The Mandatory Provident Fund has served Hong Kong citizens for nearly 25 years.…
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Choosing to Discover the Unknown: The Effects of Choice on User Attention to Online Video Advertising
Ambiguity, information processing, and financial intermediation
Comply or Explain: Do Firms Opportunistically Claim Trade Secrets in Mandatory Environmental Disclosure Programs?
Information sharing in financial markets
Applied Econometrics, Corporate Finance, Financial Economics
Innovation and Business Strategy, Information Economics, AI Analytics and Big Data
Disclosing Endogenous Cost Information
The Validation Tax: Shifting Focus from Production to Verification in the AI Era
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