Faculty Profile

Education

Current Position(s) Held

Awards, Recognition and Honors

1. Dean’s Teaching Honour Roll in SMU (2023, 2022, 2020, 2014, 2012, 2010, 2006)
2. Winner of SMU’s Best Executive Teacher Award (2019)
3. Winner of Best Paper Award by Asia Pacific Financial Education Institute (2019)
4. Public Administration Silver Medal awarded by the President of Singapore (2018)
5. SMU’s nominee for Excellence in Executive Teaching Award (2018, 2017)
6. Winner of SMU Provost Award for Management Practice (2015)
7. LKCSB’s nominee for University Teaching Excellence Award in Postgraduate Professional Programmes (2014)
8. LKC School of Business nominee for University Teaching Excellence Award in Postgraduate Professional and Executive Development Programme (2013)
9. Public Administration Bronze Medal awarded by the President of Singapore (2012)
10. LKC School of Business Nominee for SMU’s Distinguished Teaching Award (2010)
11. Best Paper Award by JAFEE for paper entitled "The Political Economy of Volatility Dynamics in the Hong Kong Stock Market" (2004)
12. Dean's Commendation for Teaching Excellence, NUS Business School (2000)
13. NUS Overseas Scholarship, 1987 – 1991

Research Interests

1. Pension Systems
2. Corporate Finance
3. Unit Trusts/Mutual Funds

Selected Journal Articles (Refereed)

1. Asset-Rich and Cash-Poor: Which Older Adults Value Reverse Mortgages? Aging and Society, Vol 43, Issue 5 (May 2023)
2. Trust and Retirement Preparedness: Evidence from Singapore (Benedict S.K. Koh, Olivia S. Mitchell, Joelle H. Fong), Journal of Economics of Ageing, Vol 18 (Feb 2021).
3. Financial Literacy and Financial Decision-making at Older Ages, Pacific-Basin Finance Journal, Vol 65, (Feb 2021)
4. Financial Knowledge and Portfolio Complexity in Singapore, Journal of the Economics of Ageing, Vol 17, (October 2020).
5. Does Financial Education Enhance Financial Preparedness?  Evidence from a Natural Experiment in Singapore, July 2018, Journal of Pension Economics and Finance, Vol. 17, Issue 3, p254-77.
6. A Risk and Complexity Rating Framework for Investment Products, Financial Analysts Journal, Vol 71, No 6, (2015).
7. Disaggregating ADL Limitations for Predicting Nursing Home Admission, Health Services Research, Vol 50, No 2 (2015).
8. Longevity Risk Management in Singapore’s National Pension System, 2011, Journal of Risk and Insurance, Vol 78, Issue 4, 961-982.
9. What’s on the Menu? Included versus Excluded Funds for Singapore’s Central Provident Fund Investors, 2010, Pensions: An International Journal, Vol 15, Issue 4, p276-286.
10. “Collective Investments for Pension Savings: Lessons from Singapore’s Central Provident Fund Scheme”, 2010, 15(2), Pensions: An International Journal, 100-110.
11. "Cost Structures in Defined Contribution Systems: The Case of Singapore’s Central Provident Fund", 2008, 13(1-2), Pensions: An International Journal, 7-14. 
12. "Investment patterns in Singapore's Central Provident Fund System", 03/2008, 7(1), Journal of Pension Economics and Finance, 37-65 
13. "A Cardan’s Discriminant Approach to Predicting Currency Crashes", 02/2007, 26(1), Journal of International Money and Finance, 131-148 
14.  "Corporate Divestitures and Spinoffs in Singapore, 2005, 2(1),Journal of Restructuring Finance, 69-79 
15. "The Political Economy of Volatility Dynamics in the Hong Kong Stock Market", 2003, 9(3), Asia-Pacific Financial Markets, 259-282 
16. "Joint Variance Ratio Tests of the Martingale Hypothesis for Exchange Rates", 1997, 15(1), Journal of Business and Economic Statistics, 51-59 

Selected Books and Monographs (Authored or Co-authored)

1. Managing Your Finance, 1^st Edition, World Scientific Press, 2020.
2. Personal Financial Planning, Prentice-Hall, 5^th Edition, 2017.
3. Personal Investments, Prentice-Hall, 2^nd Edition, 2017.
4. Managing Your Money, 2^nd Edition, McGraw-Hill, 2004. 

Selected Chapters in Books

1. Singapore’s Social Security Savings System: A Review and some Lessons for the United States, 2015, In “Reimagining Pensions: The Next 40 Years”, Oxford University Press.
2. Longevity Risk and Annuities in Singapore, 2010, In “Reorienting Retirement Risk Management”, Oxford University Press: p156-178.
3. "Anomalies in Asian Emerging Stock Markets", Security Market Imperfections in World Wide Equity Markets, William T. Ziemba, Donald B. Keim, Cambridge University Press, Cambridge; New York, 2000