• Title/Summary/Keyword: future

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The Impact of Index Future Introduction on Spot Market Returns and Trading Volume: Evidence from Ho Chi Minh Stock Exchange

  • NGUYEN, Anh Thi Kim;TRUONG, Loc Dong
    • The Journal of Asian Finance, Economics and Business
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    • 제7권8호
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    • pp.51-59
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    • 2020
  • The objective of this study is to enrich the literature by investigating the impact of introduction of index future trading on spot market returns and trading volume in Vietnam. Data used in this study mainly consist of daily VN30-Index and market trading volume series during the period from February 6th, 2012 to December 31st, 2019. Using OLS, GARCH(1,1) and EGARCH(1,1) models, the empirical findings consistently confirm that the introduction of index future trading has no impact on the spot market returns. In addition, the results of the EGARCH(1,1) model indicate that the leverage effect on the spot market volatility is existence in HOSE. Specifically, bad news has a greater effect on the market volatility than good news of the same size. Moreover, our empirical findings reveal that the introduction of index future contracts has the positive impact on the underlying market trading volume. Specifically, the trading volume of the post-index futures introduction increases by 7.5 percent compared with the pre-index futures introduction. Finally, the results obtained from the Granger causality test for the relationship between the spot market returns and the future trading activity confirm that only uni-directional causality running from the market returns to the future trading activity exists in HOSE.

A Survey of Trust Management in WSNs, Internet of Things and Future Internet

  • Chang, Kai-Di;Chen, Jiann-Liang
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • 제6권1호
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    • pp.5-23
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    • 2012
  • Nowadays, most researchers and manufacturers always pay attention on wireless sensor networks (WSNs) due to its potential applications in many regions such as military, industrial and civilian areas. WSNs are the basic components of Internet of Things (IoT) and the key to machine-to-machine communications and the future Internet. Also, the security is an essential element for deploying WSNs. Recently the concept of trust-based mechanism was proposed in WSNs such as traditional cryptographic and authentication mechanisms. However, there is lack a survey on trust management for WSNs, IoT even future Internet. In this paper, we discuss the concept and potential application areas of trust management for WSNs and IoT worlds. Furthermore, we survey different trust management issues (i.e., cluster, aggregation, reputation). Finally, future research directions with respect to trust management in WSNs and future IoT world are provided. We give not only simple WSNs for IoT environments but also a simulated bootstrap platform to provide the discussion of open challenges and solutions for deploying IoT in Future Internet.

Army Future Experts' Prediction about Near-Future Climate X-event

  • Sang-Keun Cho;Ji-Min Lee;Eui-Chul Shin;Myung-Sook Hong;Jun-Chul Song;Sang-Hyuk Park
    • International Journal of Advanced Culture Technology
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    • 제11권2호
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    • pp.196-201
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    • 2023
  • The future is complex and unpredictable. In particular, it is unlikely to occur, but once it occurs, no one knows how it will affect our society if X-event, which has a tremendous impact, is created. This study was conducted only in the climate field to offset the ripple effect of this X-event, and was conducted through in-depth interviews with experts from the Korea Army Research Center for Future & Innovation and the Army College. As a result, it was possible to explore what factors would trigger X-event from their discourse and what X-event would be newly created by spreading them to other fields. Starting with this study, if we accumulate the discourse of experts in various fields such as population, science and technology, as well as climate, and other fields other than the Army, we can predict X-event and offset the threats that may arise.

A Study on the Future Strategy of KREONET through Analysis of Achievement and Future Demand

  • Park, Seongjin;Noh, Minki;Kim, Seunghae;Kwon, Woochang;Park, Chanjin;Cho, Buseung
    • Journal of Information Science Theory and Practice
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    • 제10권spc호
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    • pp.154-163
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    • 2022
  • The purpose of this paper is to illuminate the role and importance of National Research & Education Network (NREN) in the national research and education field and to establish the future strategy of KREONET in Korea. To this end, we first carefully analyze the footsteps of NREN in major overseas countries, KREONET achievements, and future demand for KREONET. The history of NREN's development is divided into the 2000s, 2010s, and present by era, and classified into network infrastructure, network service, and next-generation network technology by subject. KREONET achievements are divided into advanced research support, network backbone and operation, and network service. Future demand analysis of users who use KREONET was conducted through Korea Research International Incorporation, a survey company. This paper presents the future development strategy of KREONET by analyzing KREONET achievements and future demand.

내부통제와 미래이익에 대한 주가 정보성 (Internal Control and Stock Price Informativeness about Future Earnings)

  • 왕람;박희우
    • 아태비즈니스연구
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    • 제14권4호
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    • pp.255-273
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    • 2023
  • Purpose - This study examines whether internal control has an effect on stock price informativeness about future earnings. High quality internal control provides continuous assurance for the quality of financial reports, and these future earnings-related information is accurately reflected in the current stock price. Design/methodology/approach - This study collected 12,862 data from 2006 to 2021 in China to make an empirical analysis using the future earnings response coefficient (FERC) and the multiple regression analysis were hired in order to analyze the data. Findings - We find that internal control strengthens the association between current returns and future earnings, indicating that more information about future earnings is reflected in current stock prices. This positive effect exists in both the main board market and the growth enterprise market of China's stock market, especially in the main board market after the implementation of the internal control policy. In addition, we find that the positive effect is weaker for firms that report internal control deficiencies or receives non unqualified internal control audit opinions. The results using earnings persistence yield similar findings, further supporting the results based on the FERC model. Research Implications or Originality - Our tests provide strong evidence that the quality of internal control affects FERC in China stock market.

An Introduction to China High-Tech Research Project on Beyond 3G Mobile Communications FuTURE

  • You, Xiao-Hu;Pan, Zhi-Wen;Jameel, Ahmed J.
    • 정보와 통신
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    • 제19권7호
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    • pp.72-77
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    • 2002
  • This paper introduces the Future Technologies for Universal Radio Environment (FUTURE), which is China's wireless communications research project oriented to beyond 3G systems. The features and basic requirements of the FUTURE project are described, and the system structure, which is based on IPv6 core network, is proposed. The key techniques for FUTURE project are also addressed.