The on-going debate over whether fund managers have skills and whether those skills are short-lived is still inconclusive. Using the performance measure that can't be manipulated with respect to the underlying distribution, time variation, nor estimation error, (the manipulation-proof...

We analyze gains from intercorporate sales of mutual fund subsidiaries, using mandated SEC disclosures to assess the performance of mutual funds transferred by these transactions. Sellers are financial conglomerates (banks) using equity-based deals to transfer poorly performing funds to highly...

Evidence is scarce and inconclusive on the announcement effect of dividend changes on bondholders due to poor quality and availability of bond price data. This paper fills this gap using daily bond transaction data from the over-the-counter market. Most of my results are more consistent with the...

The ambient factors significantly influence the maximum ampacity of the overhead transmission lines (OTL), therefore the load shedding model allowing for the constraint of line maximum ampacity calculated in the typical ambient condition may be inaccurate. Here we propose an improved load...

Article historyImproved pixel value order (IPVO) and pairwise prediction error extension (PEE) strategies can effectively improve the hidden capacity and invisibility of reversible data hiding (RDH) scheme since they can increase the effective prediction error rate (EPER). To further improve...

Haze level evaluation is highly desired in outdoor scene monitoring applications. However, there are relatively few approaches available in this area. In this paper, a novel haze level evaluation strategy for real-world outdoor scenes is presented. The idea is inspired by the utilization of dark...

The on-going debate over whether fund managers have skills and whether those skills are short-lived is still inconclusive. Using the performance measure that can't be manipulated with respect to the underlying distribution, time variation, nor estimation error, (the manipulation-proof...

We analyze gains from intercorporate sales of mutual fund subsidiaries, using mandated SEC disclosures to assess the performance of mutual funds transferred by these transactions. Sellers are financial conglomerates (banks) using equity-based deals to transfer poorly performing funds to highly...

In traditional PDRE (pulse detonation rocket engines), mechanical valves are used for periodic supply control and a purge process is widely used to form a buffer zone to prevent fresh fuel-oxidizer mixture from pre-ignition. However, both of them increase hardware complexity and limit increase...