• Title/Summary/Keyword: continuation analysis

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Stock Market Behavior after Large Price Changes and Winner-Loser Effect: Empirical Evidence from Pakistan

  • RASHEED, Muhammad Sahid;SHEIKH, Muhammad Fayyaz;SULTAN, Jahanzaib;ALI, Qamar;BHUTTA, Aamir Inam
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.219-228
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    • 2021
  • The study examines the behavior of stock prices after large price changes. It further examines the effect of firm size on stock returns, and the presence of the disposition effect. The study employs the event study methodology using daily price data from Pakistan Stock Exchange (PSX) for the period January 2001 to July 2012. Furthermore, to examine the factors that explain stock price behavior after large price movements, the study employs a two-way fixed-effect model that allows for the analysis of unobservable company and time fixed effects that explain market reversals or continuation. The findings suggest that winners perform better than losers after experiencing large price shocks thus showing a momentum behavior. In addition, the winners remain the winner, while the losers continue to lose more. This suggests that most of the investors in PSX behave rationally. Further, the study finds no evidence of disposition effect in PSX. The investors underreact to new information and the prices continue to move in the direction of initial change. The pooled regression estimates show that firm size is positively related to post-event abnormal returns while the fixed-effect model reveals the presence of unobservable firm-specific and time-specific effects that account for price continuation.

Nutritional Status Indicators Affecting the Tolerability of Postoperative Chemotherapy After Total Gastrectomy in Patients With Gastric Cancer

  • Toyota, Kazuhiro;Mori, Masayuki;Hirahara, Satoshi;Yoshioka, Shoko;Kubota, Haruna;Yano, Raita;Kobayashi, Hironori;Hashimoto, Yasushi;Sakashita, Yoshihiro;Yokoyama, Yujiro;Murakami, Yoshiaki;Miyamoto, Katsunari
    • Journal of Gastric Cancer
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    • v.22 no.1
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    • pp.56-66
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    • 2022
  • Purpose: Nutritional problems after gastrectomy affect continuation of postoperative chemotherapy. There have been no studies limited to total gastrectomy, which is particularly prone to nutritional problems. In this study, we aimed to investigate the factors that predict the continuation of postoperative chemotherapy. Materials and Methods: We included 101 patients who underwent curative total gastrectomy and postoperative chemotherapy at Hiroshima Memorial Hospital. The effects of 37 factors, including perioperative inflammatory, nutritional, and tumor status, on the persistence of postoperative chemotherapy were analyzed. Results: In univariate analysis of preoperative factors, age, carbohydrate antigen 19-9, platelet-to-neutrophil ratio, Onodera's prognostic nutritional index (PNI), controlling nutritional status score, and nutritional risk screening (NRS-2002) score were significantly associated with the duration of postoperative chemotherapy. In multivariate analysis of preoperative factors, age (≥74 years) was an independent factor for a shorter duration of postoperative chemotherapy (hazard ratio [HR], 5.24; 95% confidence interval [CI], 2.19-12.96; P<0.01). In univariate analysis of factors before postoperative chemotherapy, intraoperative blood loss, perioperative weight loss rate, postoperative performance status, PNI, albumin-to-bilirubin index, and NRS-2002 score were significantly associated with the duration of postoperative chemotherapy. In multivariate analysis of factors before postoperative therapy, age (≥74 years) (HR, 5.75; 95% CI, 1.90-19.49; P<0.01) and PNI (<39) (HR, 3.29; 95% CI, 1.26-8.56; P=0.02) were independent factors for a shorter duration of postoperative chemotherapy. Conclusions: Age and PNI are useful predictors of postoperative chemotherapy intolerance after total gastrectomy and may determine the treatment strategy and timing of chemotherapy initiation.

Perturbed Finite Element Analysis of Fold Bifurcations in Load/unload Bard Disk Drive Systems (Load/Unload 하드디스크 드라이브 시스템에의 Fold Bifurcations의 교란 유한요소 해석)

  • Hwang Pyung;Khan Polina V.
    • 정보저장시스템학회:학술대회논문집
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    • 2005.10a
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    • pp.177-178
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    • 2005
  • The load/unload behavior of the hard disk drive slider is studied in terms of the air bearing static characteristics. The numerical continuation methods are applied to calculate suspension force - equilibrium position curve. The critical preloads of the femto size slider are analyzed. The hi-stability conditions are depicted on the skew angle - preload diagram. The perturbation method is used to check the stability of the solution branches.

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Moment Distribution in continuous Slabs of Simply Supported Bridges (단순 PC 빔교의 연속 바닥슬래브에 발생하는 모멘트 분포)

  • 최창근;송명관
    • Proceedings of the Korea Concrete Institute Conference
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    • 1997.04a
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    • pp.398-405
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    • 1997
  • The finite element program is presented for the analysis of the moment distribution in continuous slabs of simply supported girders. The program includes the material nonlinearity of the continuous and steel reinforcements of the RC slabs, but assumes that the PC beam and cross beam behave linearly. In modeling the PC slabs and girders, the four node degenerated shell element formulated based on the assumed strain interpolation and the 3D beam element are used, respectively. Using the program, the influence of the existence of the cross bean, the filling of open joints on the continuous at supports, and perfect continuation of precast girder elements are examined.

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Avoiding Security Analysis Inaccuracy of SLam Calculus after CPS Transform (CPS 변환 후에도 함수형 SLam 언어의 안전성 정확하게 분석하기)

  • 장성순;이광근
    • Proceedings of the Korean Information Science Society Conference
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    • 2001.04a
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    • pp.76-78
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    • 2001
  • Secure Lambda calculus(SLam)는 정보 보안을 보장해주는 언어이나, Continuation Passing Style(CPS) 변환 후에는 안전성 분석의 정확도가 떨어진다. CPS의 논리적인 성질(ordered linearity)을 반영하여 변환 후에도 정확도가 떨어지지 않는 타입 시스템을 고안하고 무간섭성을 증명하였다. 함수형 SLam 언어에서 정확도가 떨어지는 경우는 앞으로 계산할 값의 인자가 쓰이지 않는 경우임을 밝혀내었다.

Study of a unified framework for small signal stability of power systems (계통의 종합적 미소신호 안정도 해석에 관한 연구)

  • Kim, Sang-Ahm;Lee, Byoung-Jun;Kwon, Sae-Hyuk
    • Proceedings of the KIEE Conference
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    • 1998.11a
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    • pp.201-203
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    • 1998
  • This paper presents the framework for analysis of small-signal stabili1ty. In this framework the equilibrium points of system DAE model are traced using continuation method and instability points are determined on the solution path. Especially Implicit shift QR-modified ARnoldi method is utilized to calculated the rightmost eigenvalues. ISPS measure is utilized to determine critical parameters.

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Causal relationship between exercise commitment and exercise continuation intention according to the use of mobile home training : Changes in fitness after Covid-19 (모바일 홈트레이닝 활용에 따른 운동몰입과 운동지속의도 인과관계 : 코로나19 이후 피트니스 변화)

  • Kim, Ji-Sun
    • Journal of the Korean Applied Science and Technology
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    • v.38 no.3
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    • pp.860-869
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    • 2021
  • This study tried to provide basic data for predicting consumers by applying the structural analysis method (SEM) to the causal relationship model that applied the technology acceptance theory for mobile home training, exercise commitment, and continuous intention. Therefore, in order to identify the strategic tools due to the current COVID-19 pandemic, the survey was conducted using the mobile program "Survey Monkey" according to the sampling plan from February 1, 2021 to May 21, 2021, and a total of 287 valid samples. people were used in the final analysis of consumers. As a result of the study, it was found that the acceptance model had a significant effect(+) on exercise commitment, and the acceptance model had a significant effect(+) on the exercise continuation intention. Finally, it was found that exercise commitment had a significant(+) effect on exercise continuity intention.

Multi Stage Simulations for Autobody Member Part (자동차 멤버 부품의 다공정 성형해석)

  • Park C.D.;Kim B.M.;Chung W.J.
    • Transactions of Materials Processing
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    • v.15 no.4 s.85
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    • pp.281-288
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    • 2006
  • Most of automobile member parts experience severe springback problems because of their complicated shape and high yielding strength. Now it becomes imperative to develop an effective method to resolve these problems. However, there remain several obstacles to get accurate estimation of dimensional shape. Especially the effective algorithms to simulate sheet metal forming processes including drawing, trimming, flanging and springback is demanded for the multi stage simulation of automobile member parts. In this study, for the purpose of accurate springback calculation, a simulation program which is robust in springback analysis is developed. Favorable enhancement in computation time for springback analysis by using latest equation solving technique and robust solution convergence by continuation method are achieved with the program. In analysis, the multi processes of rear side member are simulated to verify the system. For the evaluation of springback accuracy practically, all conditions including boundary conditions for springback analysis and inspection conditions for dimensional accuracy are applied. The springback results of simulations show good agreement with the experiments.

Comparative Studies of Methods for Continuation and Derivatives of Potential Fields (포텐셜장(場)의 상하향연속(上下向連續) 및 미분법(微分法)에 대(對)한 비교연구(比較硏究))

  • Kwon, Byung Doo
    • Economic and Environmental Geology
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    • v.14 no.2
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    • pp.93-102
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    • 1981
  • Studies of model potential fields continued upward and downward show differences depending on the method of continuation. Beginning with a magnetic field computed over a buried vertical cylinder, the field was continued to various levels by a method introduced by Henderson (Lagrangian interpolation) and by a spectral method (frequency domain analysis). Resultant fields show (1) no significant differences in upward continued values, (2) in downward continuation, accurate values are obtained with the spectral method over the central part of the anomaly, and (3) accurate values are obtained with Henderson's method on the flanks of the anomaly, while oscillations usually characterize the spectral method in this region. Essentially the same observations are made for derivative calculations. Field oscillations are empirically predicted at levels continued to approximately two-thirds of the depth of the source. Our spectral computer program output yields marked oscillations at one-half of the depth of the source. Henderson's method shows no oscillations at this depth and only minor oscillations at the top of the body (some negative values appear on the flanks of the anomaly). The Henderson output is a smooth field even if continued below the top of the body. These results suggest that the presence of oscillations cannot be used to identify the top of a buried source without careful consideration of the method used to continue the field. Use of the derivative to outline and isolate anomalies must similarly include consideration of the method of calculation.

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The effect of learning motivation of learners who have experienced university part-time registration system on learner characteristics, learning satisfaction, and intention to continue participation (대학의 시간등록제 학습을 경험한 학습자의 학습동기가 학습자특성, 학습만족, 참여지속의도에 미치는 영향)

  • Lee Sang-woo;Oh Hyun-sung
    • The Journal of the Convergence on Culture Technology
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    • v.10 no.3
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    • pp.915-922
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    • 2024
  • Currently, in Korea, there is a growing interest in improving the learning ability of the education target group due to the low birth rate and aging population. The dilemma of a shrinking population ultimately causes the burden of having to come up with a plan to efficiently maximize the use of available population resources. Accordingly, this study explores the impact of learning motivation (activity-oriented motivation, learning-oriented motivation) on learner characteristics (learning value, learning efficacy) and learning satisfaction, and as a result, intention to continue participating in lifelong learning (recommendation intention, relationship continuation intention). As a results of the analysis, it shows that learning motivation had a significant effect on learning satisfaction, and the emotions formed in this way had a positive effect on recommendation intention and relationship continuation intention. In addition, the results show that learning-oriented motivation had a significant effect on both learning satisfaction and learner characteristics, but that learning efficacy had no effect on recommendation intention. This study is significant in that it presents the basis for an educational system based on relationship maintenance and learner characteristics by considering the learner's orientation, individual achievement direction, recommendation intention, and relationship continuation intention.