Purpose - This paper aims to examine the impact of a reduction in tick size on the information content of the order book by using data from the Taiwan Stock Exchange (TWSE). Design/methodology/approach - To estimate the information content of the order book, the modified information share...

This paper examines the effect of hedging demand by various types of institutional investor on subsequent returns and volatility. Using data from the Taiwan Futures Exchange, empirical results indicate that the hedging demand of foreign investors has a significant negative impact on subsequent...

This paper examines the impact of the determination of stock closing prices on futures price efficiency and hedging effectiveness with stock indices futures. The empirical results indicate that the increase in the length of the batching period of the stock closing call improves price efficiency...

Protective covers, such as high tunnels, are being used by specialty crop producers to enhance production quality and yields, expand or growing seasons, and protect crops from some extreme elements. While growing in popularity, one barrier to larger utilization includes the uncertainty regarding...

Based on the brief account of the connotation of transforming economic development pattern and government functions, the thesis will introduce the development status of agricultural economy in Guizhou Province: firstly, single agricultural industrial structure; secondly, large gap between urban...

In this paper, we first discuss the origin of preferential attachment. Then we establish the generalized preferential attachment (GPA) which has two new properties; first, it encapsulates both the topological and weight aspects of a network, which makes it is neither entirely degree preferential...

Two-color triangular urn models have been investigated recently. Moments of ball counts of a particular color have been obtained exactly and asymptotically in a number of sources (Janson, 2006, Kuba and Panholzer, 2014, and Flajolet et al., 2006). Exact factorial moments are in Kuba and...

Based on the cellular automata method (CA method), two-lane traffic flow with the consideration of overtaking is investigated. Discrete equations are proposed to describe the traffic dynamics by using the rules of CA model. Influences of signal cycle time (ts) and vehicular density (ρ) on the...

In this paper, we construct (d,r) networks from sequences of different irrational numbers. In detail, segment an irrational number sequence of length M into groups of d digits which represent the nodes while two consecutive groups overlap by r digits (r=0,1,…,d−1), and the undirected edges...