The impact of the COVID‑19 outbreak on Chinese‑listed tourism stocks

This research explored the effects of the coronavirus disease(COVID-19)outbreak on stock price movements of China’s tourism industry by using an event study method.The results showed that the crisis negatively impacted tourism sector stocks.Further quantile regression analyses supported the non-linear relationship between the government’s responses and stock returns.The results present that the resurgence of the virus in Beijing did bring about a short-term negative impact on the tourism industry.The empirical results can be used for future researchers to conduct a comparative study of cultural differences concerning government responses to the COVID-19.

Internet-based event synchronization communication driven telerobotics

Based on QoS (quality of service) parameters: time delay, jitter, bandwidth and package loss. As time delay in the Internet is variable, it is hard to compensate it by traditional methods. Event synchronization communication driven method is proposed to overcome the negative effects induced by time delay. This method is a non-time based method and it can get rid of the effects of time in the control loop of telerobotics. Stability, transparency and synchronization can be maintained in it by event-driven method. Multimodal enhanced telerobotics is put forward with its feedback including force, video, audio and temperature etc. The use of multimodal feedback improves the efficiency and safety of the whole system. Synchronization in multimodal feedback is hard to ensure and event-driven method is also good for it. Experiments on an Internet-based shaft-hole assemblage system show good results by using event synchronization communication driven method and UDP protocol.

Application of ETA in the Management of Mental Health Education for College Students

In view of the common psychological problems of college students,this paper analyzed the current situation and problems of college students,and found that the management of mental health education is complex and difficult.A main reason is the lack of scientific method guidance.According to this phenomenon and the existing problems,using the event tree analysis(ETA),the qualitative and quantitative analysis,it found that emergency treatment is the most important link in mental health education management of college students,test education talk emergency four links missing and failure will lead to hidden danger.Finally,combined with the principle of education and management,and psychological principle,it proposed method for the event tree mental health education management.

An Empirical Analysis of the Annual Report Effect of High Market Capitalization Companies in China

In this paper,we study the abnormal stock price returns of the top 10 stocks in the Chinese stock market in terms of total market capitalization before and after the release of their annual reports in the past 10 years,using the event study method implemented by the Event Study package of the Alpha Library under Python,using a market model to estimate normal returns.The results find that and most of the events have insider phenomenon.

A rapid audio event detection method by adopting 2D-Haar acoustic super feature vector

For accuracy and rapidity of audio event detection in the mass-data audio pro- cessing tasks, a generic method of rapidly recognizing audio event based on 2D-Haar acoustic super feature vector and AdaBoost is proposed. Firstly, it combines certain number of con- tinuous audio frames to be an ＂acoustic feature image＂, secondly, uses AdaBoost.MH or fast Random AdaBoost feature selection algorithm to select high representative 2D-Haar pattern combinations to construct super feature vectors; thirdly, analyzes the commonality and differ- ences between subcategories, then extracts common features and reduces different features to obtain a generic audio event template, which can support the accurate identification of multi- ple sub-classes and detect and locate the specific audio event from the audio stream accurately. Experimental results show that the use of 2D-Haar acoustic feature super vector can make recog- nition accuracy 5% higher than ones that MFCC, PLP, LPCC and other traditional acoustic features yielded, and can make tile training processing 7 20 times faster and the recognition processing 5-10 times faster, it can even achieve an average precision of 93.38%, an average recall of 95.03% under the optimal parameter configuration found by grid method. Above all, it can provide an accurate and fast mass-data processing method for audio event detection.

Liquidity Dynamics Around Intraday Price Jumps in Chinese Stock Market

Using 4128 single jumps detected from high frequency data of 220 individual stocks in SZ300 P index, this paper investigates the liquidity dynamics around price jumps in Chinese market.Some interesting empirical results are obtained and the corresponding explanations are given. The frequency of positive jumps is quite higher than that of negative jumps. The trading volumes and average trade sizes are all in a high level around positive jumps. The relatively low liquidities around negative jumps show that negative jumps may be generated and enlarged by poor liquidity provision.The price reversal after price jumps is significant, and price reversal lasts longer after positive jumps.Moreover, the size and direction of jumps are significantly correlated with the returns and trades in the post-jump trading time. These findings are believed to be associated with the high proportion of retail investors and their herding behavior for price trend chasing.

Effect of economic policies on the stock and bond market under the impact of COVID-19

The global epidemic of COVID-19 has made a huge impact on global health and financial markets.And the spread of the virus has stalled economic development in many parts of the world.As stocks and bonds are two important financial assets,how to take appropriate economic policies to restore the stock and bond markets is the focus of governments as they are seeking for quick recovery.Based on the Event Study method and the GARCH model,data from 1 October 2019 to 1 April 2020 were collected from 26 countries or regions as analytic samples.The results show:1)COVID-19 has made greater impacts on the stock market than the bond market;2)the economic policy responses after the COVID-19 has brought impacts on both of the stock and the bond markets;3)the monetary policy responses has brought greater volatility to the stock market than the fiscal policy responses,while the fiscal policy responses has brought greater volatility to the bond market than the monetary policy;4)the fiscal policy has brought more positive effects on the stock market,and monetary policy has brought more positive effects on the bond market.This research is helpful to understand the mechanism of COVID-19’s impacts on the stock and bond market.And it is of great practical significance to the governments’decisions to make economic policy responses after an epidemic.