Reduction in optical losses in mono-crystalline silicon solar cells by surface texturing is one of the important issues of modern silicon photovoltaics. In order to achieve good uniformity in pyramidal structures on the silicon surface, a mixture of sodium hydroxide (NaOH) or potassium hydroxide...

In Korea, the socio-economic imbalance between the Capital and non-Capital Regions has become a serious issue despite the various decentralization policies instituted since the 1960’s. This study aims at analyzing the effect of decentralization of population in the capital region on income,...

By using the rate of change in the price of land, the perception and analysis of determinants of the real estate business cycle, and the appraisal of past real estate policies have been proceeded. Korean real estate business cycle is asymmetric (i.e., the expansion and contraction period of...

This is the first study to examine the intraday price discovery process between the Singapore Exchange and the China Financial Futures Exchange. Using one- and five-minute high-frequency data from May to November 2011, we found that China’s CSI 300 index futures dominated...

<section xml:id="fut21637-sec-0001"> This study examines and compares the information content of futures and options trades by analyzing the transaction dataset of derivatives underlying the KOSPI 200 index. This dataset contains detailed information about investor types and trade directions. Previous market microstructure studies...</section>

<section xml:id="fut21618-sec-0001"> This study proposes a new estimation approach for option valuation (an implied pricing kernel‐based approach), which estimates model parameters under the physical probability measure (P‐measure) using a pricing kernel implied by the GARCH option pricing model. Analyzing the dataset on the...</section>

In terms of quantifying market risk, this study examines the information and indication embedded in implied volatilities extracted from the KOSPI 200 options and proposes a modified value-at-risk (VaR) framework utilizing the implied volatilities. Our empirical results indicate that the...

This study examines the intraday formation process of transaction prices and bid–ask spreads in the KOSPI 200 futures market. By extending the structural model of Madhavan, A., Richardson, M., and Roomans, M. (<link href="#bib14">1997</link>), we develop a unique cross‐market model that can decompose spread components...

This study examines if informed trading is present in the index option market by analyzing the KOSPI 200 options, the most actively traded derivative product in the world. The spread decomposition model developed by Madhavan, Richardson, and Roomans (1997) is utilized and the adverse‐selection...