• The Journal of Asian Finance, Economics and Business
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• 제9권1호
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• pp.143-152
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• 2022

This paper examines the relationship between investor sentiment and the risk of a stock price crash at the firm level. Our dataset includes 131 firms listed on the Saudi stock exchange (Tadawul) from 2011 to 2019, as well as 953 firm-year observations. To evaluate crash risk, we employ two distinct proxies and propose an index for measuring firm-level sentiment which we use for the first time in our study. The average turnover rate, price-earnings ratio, and overnight return are the three sentiment proxies we utilize in our index. Our findings show that high levels of investor emotion increase managers' proclivity to withhold unfavorable news from investors, which aggravates the risk of a stock price crash. We undertake cross-sectional regressions by sector to ensure the robustness of our findings, and our findings are confirmed. After accounting for any endogeneity issues with the GMM technique, the results remain the same. Furthermore, we analyze the liquidity effect by dividing our sample into subsamples with better and worse liquidity and find that firms with worse liquidity have a considerably greater positive impact of investor mood. Overall, our findings help investors and regulators recognize the significance of this downside risk and how to manage it in the stock market.

• 제어로봇시스템학회:학술대회논문집
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• 제어로봇시스템학회 2003년도 ICCAS
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• pp.565-569
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• 2003

In this paper, a robust filter is proposed to effectively estimate the system states in the case where system model uncertainties as well as disturbances are present. The proposed robust filter is constructed based on the linear approximation methods for a general nonlinear uncertain system with an integral quadratic constraint. We also derive the important characteristic of the proposed filter, a modified $H_{\infty}$ performance index. Analysis results show that the proposed filter has robustness against disturbances, such as process and measurement noises, and against parameter uncertainties. Simulation results show that the proposed filter effectively improves the performance.

• 대한전자공학회:학술대회논문집
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• 대한전자공학회 2004년도 학술대회지
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• pp.832-835
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• 2004

In this paper, we proposed a blind watermarking algorithm to use characteristics of a scalar quantizer which is similar with the recommended in the JPEG2000 and JPEG. This algorithm shifts a quantization index according to the value of each watermark bit to prevent losing the watermark information during the compression by quantization. Therefore, the watermark is embedded during the process of quantization, not an additional process for watermarking, and adaptively applied as an assigned quantizer according to application area. In the embedding process, a LFSR(Linear feedback shift register) is used to hide the watermarking positions. Therefore the embedded watermark can be extracted by only the owner who knows the initial value of LFSR without the original image. The experimental results showed that the proposed algorithm satisfies the robustness and imperceptibility corresponding to the major requirement of watermarking.

• 한국소음진동공학회:학술대회논문집
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• 한국소음진동공학회 2005년도 춘계학술대회논문집
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• pp.840-845
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• 2005

This paper presents a robust optimal design method for a periodic structure type of MEMS resonator that is vulnerable to mode localization. The robust configuration of such a MEMS resonator to fabrication error is implemented by changing the regularity of periodic structure. For the mathematical convenience, the MEMS resonator is first modeled as a multi pendulum system. The index representing the measure of mode variation is then introduced using the perturbation method and the concept of modal assurance criterion. Finally, the optimal intentional mistuning, minimizing the expectation of the irregularity measure for each substructure, is determined for the normal distributed fabrication error and its robustness in the design of MEMS resonator to the fabrication error is demonstrated with numerical examples.

• 한국소음진동공학회논문집
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• 제15권8호
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• pp.931-938
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• 2005

This paper presents a robust optimal design method for a periodic structure type of MEMS resonator that is vulnerable to mode localization. The robust configuration of such a MEMS resonator to fabrication error is implemented by changing the regularity of periodic structure For the mathematical convenience, the MEMS resonator is first modeled as a multi-pendulum system. The index representing the measure of mode variation is then introduced using the perturbation method and the concept of modal assurance criterion. Finally, the optimal intentional mistuning, minimizing the expectation of the irregularity measure for each substructure, is determined for the normal distributed fabrication error and its robustness in the design of MEMS resonator to the fabrication error is demonstrated with numerical examples.

• International Journal of Fuzzy Logic and Intelligent Systems
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• 제1권1호
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• pp.29-34
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• 2001

This paper is devoted to investigating direct adaptive neural control of nonlinear systems with uncertain or unknown dynamic models. In the direct adaptive neural networks control area, theoretical issues of the existing backpropagation-based adaptive neural networks control schemes. The major contribution is proposing the variable index control approach, which is of great significance in the control field, and applying it to derive new stable robust adaptive neural network control schemes. This new schemes possess inherent robustness to system model uncertainty, which is not required to satisfy any matching condition. To demonstrate the feasibility of the proposed leaning algorithms and direct adaptive neural networks control schemes, intensive computer simulations were conducted based on the flexible joint robot systems and functions.

• 대한전기학회논문지:시스템및제어부문D
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• 제53권10호
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• pp.671-677
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• 2004

This paper presents the design of a now controller for the read/write head of a hard disk drive. The general controller for seeking is the time-optimal control. However if we use only the time optimal control law, this could be vulnerable to chattering effect. To solve this problem, we propose a modified controller design algorithm in this paper. The proposed controller consists of bang-bang control for seeking and sliding-mode control for tracking. Moreover, to test the robustness and stability of control system, a bounded disturbance is selected to maximize a severity index. Simulation results show the superiority of the proposed controller through comparison with time optimal VSC(variable structure control).

• International Journal of Precision Engineering and Manufacturing
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• 제5권3호
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• pp.77-84
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• 2004

A robust optimal control design is proposed in this study for rigid robotic systems under the unknown loads and the other uncertainties. The uncertainties are reflected in the performance index, where the uncertainties are bounded for the quadratic square of the states with a positive definite weighting matrix. An iterative algorithm is presented for the determination of the weighting matrix required for necessary robustness. Computer simulations have been done for a weight-lifting operation of a two-link manipulator and the simulation results shows that the proposed algorithm is very effective for a robust control of robotic systems.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2000년도 하계학술대회 논문집 D
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• pp.2380-2382
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• 2000

Fuzzy system which are based on membership functions and rules, can control nonlinear, uncertian, complex system well. However, Fuzzy controller has problems: It is difficult to design a stable for amateur. To update the then-part membership functions of the fuzzy controller can be designed using the error back-propagation algorithm to be minimized error. Then we could be optimized the system choosing a good performance index. The proposed fuzzy controller based on neural network is applied to control an inverted pendulum for demonstration of the robustness of proposed methodology.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2001년도 하계학술대회 논문집 D
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• pp.2666-2668
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• 2001

Fuzzy system which are based on membership functions and rules, can control nonlinear, uncertian, complex system well. However, Fuzzy controller has problems: It is difficult to design a stable for amateur. To update the then-part membership functions of the fuzzy controller can be designed using the Optimal fuzzy controller. Then we could be optimized the system choosing a good performance index. The proposed fuzzy controller based on Optimal fuzzy control is an Truck-Backer for demonstration of the robustness of proposed methodology.