Purpose – The purpose of this paper is to empirically analyze the relationship between risky asset allocation and background risk of Chinese residents. Design/methodology/approach – Using Chinese macroeconomic data, this study uses numerical method to solve dynamic stochastic optimal...

In this paper we investigate the short-term contagion and long-term integration effects of terrorist activity on national stock markets. Using the partially integrated model of Bekaert et al. (Bekaert G, Harvey C and Ng A (2005) Market integration and contagion. Journal of Business 78:...

The growing awareness of the strategic value of service along with higher product performance expectations has directed many industries to adopt service centric competitive strategies in managing their supply chains. Service innovation based on currently available advanced technologies has...

This study investigates the impact of the bank–firm relationship on IPO underpricing in China, an emerging economy with a bank-dominated financial system. Utilizing a hand-collected loan data for 902 Chinese IPO firms from 2004 to 2011, we document that the bank–firm relationship reduces the...

We analyze mutual fund flow–performance relationship using a novel sample of Chinese mutual funds that trade in a volatile market environment. Consistent with existing literature, we find that the net flow to a fund is positively related to past fund performance. However, the positive...

Short-term wind speed forecasting is of great importance for wind farm operations and the integration of wind energy into the power grid system. Adaptive and reliable methods and techniques of wind speed forecasts are urgently needed in view of the stochastic nature of wind resource varying from...

Accurate estimation of wind speed distribution is critical to the assessment of wind energy potential, the site selection of wind farms, and the operations management of wind power conversion systems. This paper proposes a new approach for deriving more reliable and robust wind speed...

The fast growth of wind power is in urgent need of more accurate, reliable, and adaptive modeling and data analysis methods for the characterization and prediction of wind resource and wind power, as well as reliability evaluation of wind energy conversion systems. Bayesian methods have shown...

Wind speed forecasting is critical for the operations of wind turbine and penetration of wind energy into electricity systems. In this paper, a novel time series forecasting method is proposed for this purpose. This method originates from TK (Taylor Kriging) model, but is properly modified for...