This paper investigates the role of liquidity provisions played by individual investors prior to dividend announcements in Taiwan. We first document a positive relationship between aggregate individual trading before dividend announcements and abnormal stock returns in the one month after the...

In this paper, we study the impact of the trading of individual investors on short-horizon stock returns from 2005 to 2006 using a unique data set provided by the Taiwan Stock Exchange. We examine the predictability of stock returns based on net individual trading by using the portfolio-sorting...

In this paper, a new lattice Boltzmann model for the coupled nonlinear system of viscous Burgers’ equation is proposed by using the double evolutionary equations. Through selecting equilibrium distribution functions and amending functions properly, the governing evolution system can be...

In this paper, a lattice Boltzmann model with an amending function is proposed for the generalized Kuramoto–Sivashinsky equation that has the form ut+uux+αuxx+βuxxx+γuxxxx=0. With the Chapman–Enskog expansion, the governing evolution equation is recovered correctly from the continuous...

We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...

Default correlation is the key point for the pricing of multi-name credit derivatives. In this paper, we apply copulas to characterize the dependence structure of defaults, determine the joint default distribution, and give the price for a specific kind of multi-name credit derivative —...