Videos Anotated Bibliography  
Publications Presentations Links Bepress Page  




How would a China crisis affect Hong Kong?

Hong Kong Economic Journal

April 2015



Hong Kong needs financial reform to weather future financial crises and regain its lost lustre


April 2015

Legislators' marginal tinkering has led to steady deterioration of city's status in world banking



Throwing light on HK's lack of investment in solar power


Jan 2015

Regulation are holding Hong Kong back from becoming a world-class solar energy centre



Rule of Law More Important than Financial Law?

Thomson Reuters Compliance Complete

May 2013

What can young emerging international financial centres do to attract funds? Work on their non-financial law.  



Whither Turkish Capitalism?

Turkish Review

Jan 2012

Turkish capitalism follows the conglomerate-based model of development...and that's no bad thing. As Turkish exports capitalism to its neighbours, their prospects for development grow.  download


Hong Kong sponsors should have little to fear from proposed SFC rules

Hong Kong Lawyer

September 2012

Hong Kong's IPO sponsors may face criminal sanctions for lying on their filings. That might not be such a bad thing, argue Patricia Alva and Bryane Michael. download





2011. The Size and Structure of Government (with Maja Popov). Under review.          2011. Do Customs Trade Facilitation Programmes Help Reduce Customs-Related Corruption? (with Frank Ferguson and Alisher Karimov). Under review.       

We find – using a range of statistical analyses – support for each of the major theories of organisation adaptation (the contingency-based view, resource-based view, and rational choice view).


Using recent data only about bribe payers’ actual experiences in paying bribes, we show that trade facilitation would only help reduce corruption and improve efficiency – in a large number of customs agencies -- if the customs agency’s director undertakes a big-bang approach to reform.                                                                           

Does Financial Market Development Explain (or at Least Predict) the Demand for Wealth Management and Private Banking Services in Developing Markets?

It does -- but only OECD and upper-income countries. In this paper, we look at the ways that the international wirehouses can compete in emerging markets. We find that wealth management firms and private banks can not simply manage assets in developing countries. They must offer a range of "life-cycle services" as well as encourage governments to open up to foreign investment and trade. The quality of institutions remains the best predictor of wealth (and the growth of wealth) -- rather than anything the wirehouses themselves do to expand their customer bases abroad.                                                                                                  

2011. Foreign Under-Investment in US Securities and the Role of Relational Capital. We find that broker-dealer marketing intensity in foreign markets partly explains foreigners’ decisions to invest in US securities.