The impact of foreign trading information on emerging futures markets: a study of Taiwan's unique data set

Using a unique dataset from the Taiwan Futures Exchange, this paper investigates whether trading imbalances by foreign investors affect emerging Taiwan futures market in terms of returns and volatility. First, this evidence demonstrates a positive relation between contemporaneous futures returns and net purchases by foreign investors when other market factor effects are controlled. Second, this failure to detect price reversals is inconsistent with the price pressure hypothesis. Third, foreign investors do not exhibit positive feedback trading patterns. Fourth, a bi-directional Granger-causality relationship exists between futures volatility and foreign trading flows. As found for other stock or foreign exchange markets, our empirical results demonstrate that foreign trading flows do have impacts on the return and volatility of developing futures market, suggesting that trading by foreign investors may enhance the information flow of the local futures market.Foreign trading

Determinants of B2C EC Success on Market Performance of Different Sizes of Firms in Taiwan's E-Brokerage Sector

Guided by a financial model, this study is the first to integrate Miles and Snow's (1978) strategic typology as an external industry effect and the resource-based view of the firm as an internal effect to explain market performance of different firm sizes in business-to-consumer e-commerce firms. Factors such as strategy types, CEO commitment to e-commerce, Web site design, and IT system integration capabilities were empirically investigated. Findings showed that prospector strategy utilized by large e-brokers significantly outperformed analyzer, defender, and reactor strategies in online market share. Top managers of small-to-medium enterprises (SMEs) should choose defender or analyzer strategies to gain market performance. Large firms indeed outperformed SMEs in online market share. In addition, large firm's CEO commitment to e-commerce, Web site design and IT system integration capabilities and Web age were explanatory factors for online market share but had no effect on both market performances for SMEs. Managerial implications and future study are recommended

Graduate Recital: Wan-Ching Wu; Wen-Jing Liu, Piano; April 9, 2010

Kemp Recital HallApril 9, 2010Friday Evening9:00 p.m

A hybrid algorithm for spatial and wavelet domain image restoration

The recent algorithm ForWaRD based on the two steps: (i) the Fourier domain deblurring and (ii) wavelet domain denoising, shows better restoration results than those using traditional image restoration methods. In this paper, we study other deblurring schemes in ForWaRD and demonstrate such two-step approach is effective for image restoration.published_or_final_versionS P I E Conference on Visual Communications and Image Processing 2005, Beijing, China, 12-15 July 2005. In Proceedings Of Spie - The International Society For Optical Engineering, 2005, v. 5960 n. 4, p. 59605V-1 - 59605V-

A new modified Newton iteration for computing nonnegative Z-eigenpairs of nonnegative tensors

We propose a new modification of Newton iteration for finding some nonnegative Z-eigenpairs of a nonnegative tensor. The method has local quadratic convergence to a nonnegative eigenpair of a nonnegative tensor, under the usual assumption guaranteeing the local quadratic convergence of the original Newton iteration

Addressing Key Risk of Water Resources and Describing the Adaptation Pathways to Uncertain Future Climate Change

Source: ICHE Conference Archive - https://mdi-de.baw.de/icheArchive