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1 – 10 of 12Xiao Yao, Dongxiao Wu, Zhiyong Li and Haoxiang Xu
Since stock return and volatility matters to investors, this study proposes to incorporate the textual sentiment of annual reports in stock price crash risk prediction.
Abstract
Purpose
Since stock return and volatility matters to investors, this study proposes to incorporate the textual sentiment of annual reports in stock price crash risk prediction.
Design/methodology/approach
Specific sentences gathered from management discussions and their subsequent analyses are tokenized and transformed into numeric vectors using textual mining techniques, and then the Naïve Bayes method is applied to score the sentiment, which is used as an input variable for crash risk prediction. The results are compared between a collection of predictive models, including linear regression (LR) and machine learning techniques.
Findings
The experimental results find that those predictive models that incorporate textual sentiment significantly outperform the baseline models with only accounting and market variables included. These conclusions hold when crash risk is proxied by either the negative skewness of the return distribution or down-to-up volatility (DUVOL).
Research limitations/implications
It should be noted that the authors' study focuses on examining the predictive power of textual sentiment in crash risk prediction, while other dimensions of textual features such as readability and thematic contents are not considered. More analysis is needed to explore the predictive power of textual features from various dimensions, with the most recent sample data included in future studies.
Originality/value
The authors' study provides implications for the information value of textual data in financial analysis and risk management. It suggests that the soft information contained within annual reports may prove informative in crash risk prediction, and the incorporation of textual sentiment provides an incremental improvement in overall predictive performance.
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Dongxiao Niu, Ling Ji, Yongli Wang and Da Liu
The purpose of this paper is to improve the accuracy of short time load forecasting to ensure the economical and safe operation of power systems. The traditional neural network…
Abstract
Purpose
The purpose of this paper is to improve the accuracy of short time load forecasting to ensure the economical and safe operation of power systems. The traditional neural network applied in time series like load forecasting, easily plunges into local optimum and has a complicated learning process, leading to relatively slow calculating speed. On the basis of existing literature, the authors carried out studies in an effort to optimize a new recurrent neural network by wavelet analysis to solve the previous problems.
Design/methodology/approach
The main technique the authors applied is referred to as echo state network (ESN). Detailed information has been acquired by the authors using wavelet analysis. After obtaining more information from original time series, different reservoirs can be built for each subsequence. The proposed method is tested by using hourly electricity load data from a southern city in China. In addition, some traditional methods are also applied for the same task, as contrast.
Findings
The experiment has led the authors to believe that the optimized model is encouraging and performs better. Compared with standard ESN, BP network and SVM, the experimental results indicate that WS‐ESN improves the prediction accuracy and has less computing consumption.
Originality/value
The paper develops a new method for short time load forecasting. Wavelet decomposition is employed to pre‐process the original load data. The approximate part associated with low frequencies and several detailed parts associated with high frequencies components give expression to different information from original data. According to this, suitable ESN is chosen for each sub‐sequence, respectively. Therefore, the model combining the advantages of both ESN and wavelet analysis improves the result for short time load forecasting, and can be applied to other time series problem.
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Zhijun Yan, Roberta Bernardi, Nina Huang and Younghoon Chang
Yujia Liu, Changyong Liang, Jian Wu, Hemant Jain and Dongxiao Gu
Complex cost structures and multiple conflicting objectives make selecting an appropriate cloud service difficult. The purpose of this study is to propose a novel group consensus…
Abstract
Purpose
Complex cost structures and multiple conflicting objectives make selecting an appropriate cloud service difficult. The purpose of this study is to propose a novel group consensus decision making method for cloud services selection with knowledge deficit by trust functions.
Design/methodology/approach
This article proposes a knowledge deficit-based multi-criteria group decision-making (MCGDM) method for cloud-service selection based on trust functions. Firstly, the concept of trust functions and a ranking method is developed to express the decision-making opinions. Secondly, a novel 3D normalized trust degree (NTD) is defined to measure the consensus levels. Thirdly, a knowledge deficit-based interactive consensus model is proposed for the inconsistent experts to modify their decision opinions. Finally, a real case study has been carried out to illustrate the framework and compare it with other methods.
Findings
The proposed method is practical and effective which is verified by the real case study. Knowledge deficit is an important concept in cloud service selection which is verified by the comparison of the proposed recommended mechanism based on KDD with the conventional recommended mechanism based on average value. A 3D NTD which considers three values (trust, not trust and knowledge deficit) is defined to measure the consensus levels. A knowledge deficit-based interactive consensus model is proposed to help decision-makers reach group consensus. The proposed group consensus model enables the inconsistent decision-makers to accept the revised opinions of those with less knowledge deficit, rather than accepting the recommended opinions averagely.
Originality/value
The proposed a knowledge deficit-based MCGDM cloud service selection method considers group consensus in cloud service selection. The concept of knowledge deficit is considered in modeling the group consensus measuring and reaching method.
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Xuejie Yang, Dongxiao Gu, Jiao Wu, Changyong Liang, Yiming Ma and Jingjing Li
With the popularity of the internet, access to health-related information has become more convenient. However, the easy acquisition of e-health information could lead to…
Abstract
Purpose
With the popularity of the internet, access to health-related information has become more convenient. However, the easy acquisition of e-health information could lead to unfavorable consequences, such as health anxiety. The purpose of this paper is to explore a set of important influencing factors that lead to health anxiety.
Design/methodology/approach
Based on the stimulus–organism–response (S-O-R) framework, we propose a theoretical model of health anxiety, with metacognitive beliefs and catastrophic misinterpretation as the mediators between stimulus factors and health anxiety. Using 218 self-reported data points, the authors empirically examine the research model and hypotheses.
Findings
The study results show that anxiety sensitivity positively affects metacognitive beliefs. The severity of physical symptoms has a significant positive impact on catastrophic misinterpretation. Metacognitive beliefs and catastrophic misinterpretation have significant positive impacts on health anxiety.
Originality/value
Based on the S-O-R model, this paper develops a comprehensive model to explain health anxiety and verifies the model using firsthand data.
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Yue Hong, Dongxiao Niu, Bowen Xiao and Lingnan Wu
Technology innovation capability is a main driver in improving a country’s industrial competitiveness. Development prospects and development speed are strongly dependent on…
Abstract
Technology innovation capability is a main driver in improving a country’s industrial competitiveness. Development prospects and development speed are strongly dependent on industry innovation capability. Therefore, how to effectively and correctly evaluate the innovation capability of industry is of great importance. On the basis of previous research, this paper establishes an index system for evaluating the technology innovation capability of China’s high-tech industries. The index is characterized by the objective evaluation of objects with measurable indexes. The fuzzy Borda method uses precise digital methods to handle fuzzy evaluation objects; therefore, more scientific and pragmatic quantitative criteria are obtained with qualitative and quantitative evaluation results. This paper is the first attempt to apply the fuzzy Borda combination method to high-tech industry innovation capability evaluation. We establish a fuzzy Borda combination model based on four kinds of single evaluation models. By making a combination evaluation, the disadvantages of a single evaluation method are avoided. In the end, based on the fuzzy Borda combination evaluation model, the real technology innovation data of 2013 is analyzed and the innovation capability of individual industry is ranked, which will provide useful guidance for decision-making administrators.
Xuejie Yang, Dongxiao Gu, Honglei Li, Changyong Liang, Hemant K. Jain and Peipei Li
This study aims to investigate the process of developing loyalty in the Chinese mobile health community from the information seeking perspective.
Abstract
Purpose
This study aims to investigate the process of developing loyalty in the Chinese mobile health community from the information seeking perspective.
Design/methodology/approach
A covariance-based structural equation model was developed to explore the mobile health community loyalty development process from information seeking perspective and tested with LISREL 9.30 for the 191 mobile health platform user samples.
Findings
The empirical results demonstrate that the information seeking perspective offers an interesting explanation for the mobile health community loyalty development process. All hypotheses in the proposed research model are supported except the relationship between privacy and trust. The two types of mobile health community loyalty—attitudal loyalty and behavioral loyalty are explained with 58 and 37% variance.
Originality/value
This paper has brought out the information seeking perspective in the loyalty formation process in mobile health community and identified several important constructs for this perspective for the loyalty formation process including information quality, communication with doctors and communication with patients.
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Dongxiao Niu, Weibo Zhao and Zongyun Song
There are thousands of areas excluded from using electrical energy in China. It is mainly because that these places, which are away from towns, have the characteristics of…
Abstract
Purpose
There are thousands of areas excluded from using electrical energy in China. It is mainly because that these places, which are away from towns, have the characteristics of scattered living and low-power consumption and are difficult to construct the power grid. The utilization of energy in remote areas could improve the level of education and quality of life for people living in there, which has great social significance. However, how to choose the optimal power generation model quantitatively according to local energy advantages is a difficult problem.
Design/methodology/approach
To carry out a better assessment of the energy benefits of Chinese rural areas to assist the decision-making of energy utilization project, this paper takes Sunan Yugu Autonomous County in Gansu Province as an example. Four feasible energy utilization scenarios are proposed by analyzing its geographical conditions and re-source advantage, respectively, are photovoltaic power generation, biomass power generation, wind power generation and power grid extension. Based on the above scenarios, the evaluation index system of comprehensive utilization of energy in remote areas is constructed, and the comprehensive benefit of each model is evaluated by adopting entropy-based fuzzy comprehensive evaluation model.
Findings
Evaluation results show that the comprehensive benefits of photovoltaic power generation is the best, followed by power grid extension. Thus, preference should be given to the two models in the energy utilization in Sunan County. This evaluation model can provide a scientific reference for the selection decision-making of energy utilization project, which is helpful to provide the feasibility and efficiency of the construction of energy utilization project.
Originality/value
The authors construct the comprehensive benefit evaluation index system and evaluate the comprehensive benefits of different scenarios are by using entropy - fuzzy comprehensive evaluation model. Then the qualitative problem can be analyzed quantitatively. The purpose of this study is to support the decision-making of energy investment. Simultaneously, the paper also has some practical significance in improving the credibility of the government and the quality of local people’s life.
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Jianxiang Qiu, Jialiang Xie, Dongxiao Zhang and Ruping Zhang
Twin support vector machine (TSVM) is an effective machine learning technique. However, the TSVM model does not consider the influence of different data samples on the optimal…
Abstract
Purpose
Twin support vector machine (TSVM) is an effective machine learning technique. However, the TSVM model does not consider the influence of different data samples on the optimal hyperplane, which results in its sensitivity to noise. To solve this problem, this study proposes a twin support vector machine model based on fuzzy systems (FSTSVM).
Design/methodology/approach
This study designs an effective fuzzy membership assignment strategy based on fuzzy systems. It describes the relationship between the three inputs and the fuzzy membership of the sample by defining fuzzy inference rules and then exports the fuzzy membership of the sample. Combining this strategy with TSVM, the FSTSVM is proposed. Moreover, to speed up the model training, this study employs a coordinate descent strategy with shrinking by active set. To evaluate the performance of FSTSVM, this study conducts experiments designed on artificial data sets and UCI data sets.
Findings
The experimental results affirm the effectiveness of FSTSVM in addressing binary classification problems with noise, demonstrating its superior robustness and generalization performance compared to existing learning models. This can be attributed to the proposed fuzzy membership assignment strategy based on fuzzy systems, which effectively mitigates the adverse effects of noise.
Originality/value
This study designs a fuzzy membership assignment strategy based on fuzzy systems that effectively reduces the negative impact caused by noise and then proposes the noise-robust FSTSVM model. Moreover, the model employs a coordinate descent strategy with shrinking by active set to accelerate the training speed of the model.
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Jianjun Sun, Dongfang Sheng, Dongxiao Gu, Jia Tina Du and Chao Min
The purpose of this paper is to investigate the continued use behavior (CU) of link sharing tools based on uses and gratifications theory, the theory of planned behavior and…
Abstract
Purpose
The purpose of this paper is to investigate the continued use behavior (CU) of link sharing tools based on uses and gratifications theory, the theory of planned behavior and expectation confirmation theory. It then builds a conceptual model that is empirically tested.
Design/methodology/approach
Data were collected from 343 students (undergraduates, masters, PhD students, and MBAs) from three Chinese universities via a two-phrase survey. The tools SPSS 18.0 and AMOS 18.0 were used to analyse the reliability, validity, model fits and SEM, respectively.
Findings
The results indicate that an individual’s CU of link sharing tools was determined by his or her continued use intention directly and subjective norm indirectly. Users’ satisfaction on link sharing tools was the main factor affecting the continuance intention. Individuals’ motivation needs such as cognitive needs, personal integrative needs, and social integrative needs were found to be the significant predictors of his or her satisfaction. Besides, people with high privacy concern tended to have less satisfaction with link sharing tools.
Originality/value
This study explores users’ CU of link sharing tools in social media for the first time. The theoretical model developed shows the predictors behind people’s CU.
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