As a major global exchange, the Stock Exchange of Hong Kong （SEHK） only requires semi-annual reporting whereas other major exchanges including the ones in Chinese mainland require quarterly reporting. We argue again...As a major global exchange, the Stock Exchange of Hong Kong （SEHK） only requires semi-annual reporting whereas other major exchanges including the ones in Chinese mainland require quarterly reporting. We argue against the traditional view that higher reporting frequency is necessarily more beneficial. The decision on reporting frequency depends on how the information is being processed by the recipient traders and the results are not obvious. Using a sample of Chinese companies dual- listed in both China A share market and SEHK （AH shares） as the experimental group and mainland＇s companies listed on SEHK （H shares） only as the control group, we apply the difference-in-difference （DID） method to investigate the impacts of reporting frequency on stock information quality. The results suggest that after China A share market require quarterly financial reporting for all listed companies in 2002, the information asymmetry of the H tranche of AH stocks increases. Different from prior studies, the results suggest a negative association between stock information quality and financial reporting frequency. We argue that the increased information asymmetry in the H tranche is caused by the noise spilled over from the A tranche. We conduct multivariable GARCH tests and find evidence supporting this conjecture.展开更多
At present,the 5th-Generation(5G)wireless mobile communication standard has been released.5G networks efficiently support enhanced mobile broadband traffic,ultra-reliable low-latency communication traffic,and massive ...At present,the 5th-Generation(5G)wireless mobile communication standard has been released.5G networks efficiently support enhanced mobile broadband traffic,ultra-reliable low-latency communication traffic,and massive machine-type communication.However,a major challenge for 5G networks is to achieve effective Radio Resource Management(RRM)strategies and scheduling algorithms to meet quality of service requirements.The Proportional Fair(PF)algorithm is widely used in the existing 5G scheduling technology.In the PF algorithm,RRM assigns a priority to each user which is served by gNodeB.The existing metrics of priority mainly focus on the flow rate.The purpose of this study is to explore how to improve the throughput of 5G networks and propose new scheduling schemes.In this study,the package delay of the data flow is included in the metrics of priority.The Vienna 5G System-Level(SL)simulator is a MATLAB-based SL simulation platform which is used to facilitate the research and development of 5G and beyond mobile communications.This paper presents a new scheduling algorithm based on the analysis of different scheduling schemes for radio resources using the Vienna 5G SL simulator.展开更多
文摘As a major global exchange, the Stock Exchange of Hong Kong （SEHK） only requires semi-annual reporting whereas other major exchanges including the ones in Chinese mainland require quarterly reporting. We argue against the traditional view that higher reporting frequency is necessarily more beneficial. The decision on reporting frequency depends on how the information is being processed by the recipient traders and the results are not obvious. Using a sample of Chinese companies dual- listed in both China A share market and SEHK （AH shares） as the experimental group and mainland＇s companies listed on SEHK （H shares） only as the control group, we apply the difference-in-difference （DID） method to investigate the impacts of reporting frequency on stock information quality. The results suggest that after China A share market require quarterly financial reporting for all listed companies in 2002, the information asymmetry of the H tranche of AH stocks increases. Different from prior studies, the results suggest a negative association between stock information quality and financial reporting frequency. We argue that the increased information asymmetry in the H tranche is caused by the noise spilled over from the A tranche. We conduct multivariable GARCH tests and find evidence supporting this conjecture.
文摘At present,the 5th-Generation(5G)wireless mobile communication standard has been released.5G networks efficiently support enhanced mobile broadband traffic,ultra-reliable low-latency communication traffic,and massive machine-type communication.However,a major challenge for 5G networks is to achieve effective Radio Resource Management(RRM)strategies and scheduling algorithms to meet quality of service requirements.The Proportional Fair(PF)algorithm is widely used in the existing 5G scheduling technology.In the PF algorithm,RRM assigns a priority to each user which is served by gNodeB.The existing metrics of priority mainly focus on the flow rate.The purpose of this study is to explore how to improve the throughput of 5G networks and propose new scheduling schemes.In this study,the package delay of the data flow is included in the metrics of priority.The Vienna 5G System-Level(SL)simulator is a MATLAB-based SL simulation platform which is used to facilitate the research and development of 5G and beyond mobile communications.This paper presents a new scheduling algorithm based on the analysis of different scheduling schemes for radio resources using the Vienna 5G SL simulator.
