Position

Adjunct Professor

Contact

E-mail: wmso@hksyu.edu

Research Interests

  • ESG and Green Finance
  • Financial Econometrics
  • Real Estate Finance
  • Financial Regulation

Academic Qualifications

  • L.L.B., School of Law, Tsinghua University
  • Program on Case Method and Participant Centred Learning, Harvard Business School
  • PhD, Louisiana State University
  • MBA, Chinese University of Hong Kong
  • BBA, Chinese University of Hong Kong

Recent Professional Positions

  • Under Secretary for Transport and Housing, Transport and Housing Bureau, HKSAR Government, 2017-2022
  • Dean, School of Continuing Education, Hong Kong Baptist University, 2016-2017
  • Dean, School of Business and Professor of Finance, School of Business, Hang Seng Management College, 2010-2016
 

Awards and Distinctions

  • Recipient of Awards for Teaching Excellence from Chinese University of Hong Kong and Hang Seng Management College
  • Justice of the Peace (2013)
  • Bronze Bauhinia Star (2016)

Scholarly and Professional Activities

  • Panel Member, Public Policy Research Grant, 2013 – 2017
  • Associate Editor, Review of Pacific Basin Financial Markets and Policies
  • Editorial Advisory Board Member, International Journal of Managerial Finance
  • TCL Multimedia (HKEx: 1070), Independent Non-Executive Director, 2015 - 2017
  • Bolina Holdings (HKEx: 1190, now delisted), Independent Non-Executive Director, 2014 Dec – 2016 Jul

Research Grants

  • Institutional Development Scheme (IDS) (HK$13.4 Million), Research Grant Council, Government of the Hong Kong Special Administrative Region, 2015.
  • Competitive Earmarked Research Grant (HK$531,884), for the project “Expropriation, Economic Performance and Corporate Governance: Evidence from Japan,” Research Grant Council, Government of the Hong Kong Special Administrative Region, 2002.
  • Direct Grant (HK$30,000) for the Project “Price and Volatility Spillovers between Interest Rate and Exchange Value of the US Dollar,” Faculty of Business Administration, Chinese University of Hong Kong, 2000.
  • Direct Grant (HK$21,500) for the Project “On Frogs and Scorpions: Something Never Change,” Faculty of Business Administration, Chinese University of Hong Kong, 1999.

Publications

  • Yip, Iris W.H., Andy W.W. Cheng and Raymond W. So, 2015, Information Transmissions Among US, China and Hong Kong Stock Markets, Journal of Business and Policy Research 10(1), 27 – 46.
  • Raymond W. So, 2015, Universal Pension and Its Implications to Financial Education, Journal of Youth Studies 18(1), 72-79.
  • Raymond W. So, 2014, Self-financed Higher Education: The Hong Kong Experience, Public Administration and Policy - An Asia-Pacific Journal 17(2), 16-28.
  • Brockman, Paul, Chris C H Leung and Raymond W So, 2012, Investor Protection and the Resiliency of Stock Market Liquidity, Advances in Investment Analysis and Portfolio Management.
  • Raymond W. So, 2011, Inflation and Young People: A Reflection from the Financial Viewpoint, Journal of Youth Studies 14(2), 66-74.
  • Rose N. Lai, Raymond W. So and Ricardo C. Siu, 2008, What Does a Concept Attract? The Case of Gaming in Macau, Journal of Gambling Business and Economics 2(3), 1-22.(lead article).
  • Datar, Vinay, Raymond W. So and Yiuman Tse, 2008, Liquidity Commonality and Spillover in the US and Japanese Markets: An Intraday Analysis Using Exchange-Traded Funds, Review of Quantitative Finance and Accounting 31, 379-393.
  • Fan, Dennis K., Raymond W. So and Jason J.Yeh, 2006, Analyst Earnings Forecasts for Publicly Traded Insurance Companies, Review of Quantitative Finance and Accounting 26(2),105-136.
  • Cheuk, Man-Yin, Fan, Dennis K. and Raymond W. So, 2006, Insider Trading in Hong Kong: Some Stylized Facts, Pacific Basin Finance Journal 14, 73-90.
  • Fan, Dennis K.K., Gladie M.C. Lui and Raymond W. So, 2005, The Effects of Foreign Equity Ownership on Earnings Forecasts in China, Chinese Economy 38(2), 36-55.
  • Lu, Chiuling and Raymond W. So, 2005, Return Relationships between Listed Banks and Real Estate Firms: Evidence from Seven Asian Economies, Journal of Real Estate Economics and Finance 31(2), 189-206.
  • Frankfurter, George M., Arman Kosedag, Kevin Chiang, David Collison, David M.Power, Harmut Schmidt, Raymond W. So and Mihail Topalov, 2004, A Comparative Analysis of Perception of Dividends by Financial Managers, Research in International Business and Finance 18, 73-113.
  • Fan, Dennis K. and Raymond W. So, 2004, What Managers Think of Capital Structure: Evidence from Hong Kong, Journal of Asian Economics 15(4), 817-830.
  • So, Raymond W. and Yiuman Tse, 2004, Price Discovery in the Hang-Sang Index Markets: Index, Futures, and the Tracker Fund, Journal of Futures Markets 24(9), 887-907.
  • Cheng, Joseph W., Dennis K. Fan and Raymond W. So, 2003, Information Content of Naïve and Analysts’ Forecasts: Evidence from Hong Kong, Journal of International Financial Management and Accounting 14(2), 146-165.
  • Booth, G. Geoffrey and Raymond W. So, 2003, Intraday Volatility Spillovers in the German Index Derivatives Markets, Applied Financial Economics 13, 487-494.
  • Chen, Cherry C. and Raymond W. So, 2002, Exchange Rate Variability and the Riskiness of US Multinational Firms: Evidence from the Asian Turmoil, Journal of Multinational Financial Management 12, 411-428.
  • Glascock, John L., Chiuling Lu and Raymond W. So, 2002, REITs Returns and Inflation: Perverse or Reverse Causality?, Journal of Real Estate Economics and Finance 24(3), 301-317
  • So, Raymond W. and Yiuman Tse, 2001, A Note on International Portfolio Diversification with Short Selling, Review of Quantitative Finance and Accounting 16 (4),311-321 (Abstracted in The CFA Digest, February 2002, Volume 32, Issue 1).
  • So, Raymond W., 2001, Price and Volatility Spillovers between Interest Rate and Exchange Value of the US Dollar, Global Finance Journal 12(1), 95-107.
  • Lu, Chiuling and Raymond W. So, 2001, The Relationship between REITs Returns and Inflation: A Vector Error Correction Approach, Review of Quantitative Finance and Accounting 16(2), 103-115 (lead article).
  • Fan, Dennis K. and Raymond W. So, 2000, A Survey on Capital Structure Decisions of Hong Kong Firms, Review of Pacific Basin Financial Markets and Policies 3(3), 347-365.
  • So, Raymond W. and Yiuman Tse, 2000, Rationality of Stock Splits: The Target PriceHabit Hypothesis, Review of Quantitative Finance and Accounting 14(1), 67-84 (Abstracted in The CFA Digest, Summer 2000).
  • Glascock, John L., Chiuling Lu and Raymond W. So, 2000, Further Evidence on the Interaction of REIT, Bond and Stock Markets, Journal of Real Estate Finance and Economics20(2), 177-194.
  • Lu, Chiuling, Yangpin Shen and Raymond W. So, 1999, Wealth Effects of the BasleAccord on Small Banks, Journal of Economics and Finance 23(3), 246-254.
  • Lu, Chiuling and Raymond W. So, 1999, Price Discovery of the Taipei Residential Real Estate Market, Review of Pacific Basin Financial Markets and Policies 2(4), 459-470.
  • Booth, G. Geoffrey, Raymond W. So and Yiuman Tse, 1999, Price Discovery in the German Equity Index Derivatives Markets, Journal of Futures Markets 19(6), 619-643 (leadarticle).
  • Chung, Ivan M.K. and Raymond W. So, 1998, Long Run Interdependence of Asian Stock Markets, Journal of Global Business 10(Fall), 45-51.
  • So, Raymond W., G. Geoffrey Booth and Otto Loistl, 1997, An Examination of Intraday Common Volatilities in the German Index Derivatives Markets, Journal of Multinational Financial Management 7(4), 305-316.
  • Fan, Dennis K. and Raymond W. So, 1996, Investors Disagreement and Trading Volume: Evidence from The Japanese Stock Market, Journal of Global Business 8 (Fall).