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This paper aims to introduce the weighted squared Euclidean distance between points in signal space, to improve the performance of the Wi-Fi indoor positioning. Nowadays, the received signal strength-based Wi-Fi indoor positioning, a low-cost indoor positioning approach, has attracted a significant attention from both academia and industry.

The local principal gradient direction is introduced and used to define the weighting function and an average algorithm based on k-means algorithm is used to estimate the local principal gradient direction of each access point. Then, correlation distance is used in the new method to find the k nearest calibration points. The weighted squared Euclidean distance between the nearest calibration point and target point is calculated and used to estimate the position of target point.

Experiments are conducted and the results indicate that the proposed Wi-Fi indoor positioning approach considerably outperforms the weighted k nearest neighbor method. The new method also outperforms support vector regression and extreme learning machine algorithms in the absence of sufficient fingerprints.

Weighted k nearest neighbor approach, support vector regression algorithm and extreme learning machine algorithm are the three classic strategies for location determination using Wi-Fi fingerprinting. However, weighted k nearest neighbor suffers from dramatic performance degradation in the presence of multipath signal attenuation and environmental changes. More fingerprints are required for support vector regression algorithm to ensure the desirable performance; and labeling Wi-Fi fingerprints is labor-intensive. The performance of extreme learning machine algorithm may not be stable.

The new weighted squared Euclidean distance-based Wi-Fi indoor positioning strategy can improve the performance of Wi-Fi indoor positioning system.

The received signal strength-based effective Wi-Fi indoor positioning system can substitute for global positioning system that does not work indoors. This effective and low-cost positioning approach would be promising for many indoor-based location services.

A novel Wi-Fi indoor positioning strategy based on the weighted squared Euclidean distance is proposed in this paper to improve the performance of the Wi-Fi indoor positioning, and the local principal gradient direction is introduced and used to define the weighting function.

This research aims to examine the effects of corporate digital transformation on firm value, with a particular focus on the mediating roles played by cost leadership and differentiation strategies.

This study employs word frequency analysis to create corporate digital transformation indicators and determine how corporate digital transformation impacts firm value. The data used in the analysis comes from 2,056 listed manufacturing enterprises in China between 2010 and 2019.

This study demonstrates that digital transformation has a favorable impact on firm value, and that cost leadership strategy and differentiation strategy significantly mediate the relationship between both of them.

This study utilized word frequency analysis to assess the state of corporate digital transformation. It lacked a more thorough description of internal production processes, operational efficiency, and the pace of digital transformation.

The results of this study can not only promote the digital transformation and firm value, but also provide a theoretical basis for enterprises to choose a reasonable competitive strategy in the digital transformation.

This study contributes significantly to the field of firm value research by including digital transformation as a fundamental component. Furthermore, it investigates how cost leadership strategy and differentiation strategy play mediating roles, providing a new perspective and explanatory mechanism for understanding the influence of digital transformation on firm value.

The purpose of this paper is to test the invulnerability of the guarantee network at the equilibrium point.

This paper introduces a tractable guarantee network model that captures the invulnerability of the network in terms of cascade-based attack. Furthermore, the equilibrium points are introduced for banks to determine loan origination.

The proposed approach not only develops equilibrium analysis as an extended perspective in the guarantee network, but also applies cascading failure method to construct the guarantee network. The equilibrium points are examined by simulating experiment. The invulnerability of the guarantee network is quantified by the survival of firms in the simulating progress.

There is less study in equilibrium analysis of the guarantee network. Additionally, cascading failure model is expressed in the presented approach. Moreover, agent-based model can be extended in generating the guarantee network in the future study.

The approach of this paper presents a framework to analyze the equilibrium of the guarantee network. For this, the systemic risk of the whole guarantee network and each node's contribution are measured to predict the probability of default on cascading failure. Focusing on cascade failure process based on equilibrium point, the invulnerability of the guarantee network can be quantified.

The current study aims to examine the impact of two black swan events on the performance of six stock markets in Gulf Cooperation Council (GCC) economies (Abu Dhabi, Bahrain, Dubai, Oman, Qatar and Saudi Arabia). The two selected black swan events are the US Mortgage and credit crisis (Global Financial Crisis of 2008) and the COVID-19 pandemic.

The performance of all the six stock markets are represented by their return and price volatility behavior, which has been measured by applying ARCH/GARCH model. The comparative analysis is done by employing mean difference models. The data is collected from Bloomberg on a daily frequency.

The response of two black swan events on the GCC stock markets has been heterogenous in nature. During the financial crisis, the impact was heavily felt on most of the stock markets in the GCC countries. It is revealed that the financial crisis had a negative significant impact on four of the six countries. Whereas during the COVID-19 crisis, it is revealed that there is no significant impact on four of the six selected stock markets. The positive significant impact is felt on two stock markets, namely, the Abu Dhabi stock market and the Saudi stock market.

The present investigation attempts to fill the gap in the literature on the intended topic because it is evident from the literature on the chosen subject that no study has been undertaken to evaluate and contrast the impact of the GFC crisis and COVID-19 on the GCC stock markets.

This paper assesses to what extent the workplace union power has been built under the Professional Union Leader and Organizer Program (PULOP) in China in the local community-based private workplaces. Data obtained from in-depth interviews with union leaders, rank-and-file members, and data from documentary sources are deployed. Findings show that, for the purpose of stabilizing labor-management relations in these community-based workplaces, the PULOP attempts to reinforce implementation of existing labor law and regulations regarding wages and working conditions by organizing community-based private employers. However, without workers’ support from the bottom up, the power of the newly established workplace union associations are rather precarious. The PULOP union leaders are still distant to the organized workplaces and to the workers at these workplaces; and the organized employers are still reluctant or even hostile towards PULOP activities. The paper, therefore, concludes by drawing out the implications of the finding that, without genuine worker participation in union formation and operation processes, the administrative power held by the union bureaucracies cannot be effectively translated into workplace union power via the PULOP initiative.

This study aims to conduct a systematic review of the existing literature on export promotion and foreign market entry strategies for small and medium enterprises (SMEs).

This study incorporates systematic literature review by using bibliometric technique and content analysis of 195 scholarly papers published between 2000 and 2024 obtained from Scopus database, using the PRISMA principles and a methodological framework.

The use of quantitative analysis has shown dynamic patterns in publication trends, characterized by notable increases in recent years. These trends align with the changing dynamics of the global economy and shifting priorities in international commerce. The study reveals thematic frameworks using author collaboration analysis, word cloud visualizations and a thematic map, providing insights into a significant motor, niche and developing issues that shape the discussion on the international growth of SMEs.

It offers significant insights that can benefit academics, policymakers and practitioners who are interested in understanding and navigating the intricate terrain of export promotion and market access strategies specifically tailored for small firms.

To the best of the authors’ knowledge, the study is the first of a kind that presents a systematic examination of the existing body of knowledge on the internationalization of SMEs.

Purpose of this study is to classify the states of Markov Chain for the implementation of Markov Password for effective security. Password confirmation is more often required in all authentication process, as the usage of computing facilities and electronic devices have developed hugely to access networks. Over the years with the increase in numerous Web developments and internet applications, each platform needs ID and password validation for individual users.

In the technological development of cloud computing, in recent times, it is facing security issues. Data theft, data security, denial of service, patch management, encryption management, key management, storage security and authentication are some of the issues and challenges in cloud computing. Validation in user login authentications is generally processed and executed by password. To authenticate universally, alphanumeric passwords are used. One of the promising proposed methodologies in this type of password authentication is Markov password. Markov passwords – a rule-based password formation are created or generated by using Markov chain. Representation of Markov password formation can be done by state space diagram or transition probability matrix. State space classification of Markov chain is one of the basic and significant properties. The objective of this paper is to classify the states of Markov chain to support the practice of this type of password in the direction of effective authentication for secure communication in cloud computing. Conversion of some sample obvious password into Markov password and comparative analysis on their strength is also presented in this paper. Analysis on strength of obvious password of length eight has shown range of 7%–9% although the converted Markov password has shown more than 82%. As an effective methodology, this password authentication can be implemented in cloud portal and password login validation process.

The objective of this paper is to classify the states of Markov chain to support the practice of this type of password in the direction of effective authentication for secure communication in cloud computing. Conversion of some sample obvious password into Markov password and comparative analysis on their strength is also presented in this paper.

Validation in user login authentications is generally processed and executed by password. To authenticate universally, alphanumeric passwords are used. One of the promising proposed methodologies in this type of password authentication is Markov password.

This study investigates the impact of the COVID-19 pandemic on investors' sentiments, behavioral biases and investment decisions in the Pakistan Stock Exchange (PSX).

The authors have assessed investors' behaviors and sentiments and the stock market overreaction during COVID-19 using a questionnaire and collected data from 401 investors trading in the PSX.

Results of structural equation modeling revealed that the COVID-19 pandemic affected investors' behaviors, investment decisions and trade volume. It created feelings of fear and uncertainty among market participants. Evidence suggests that behavioral heuristics and biases, including representative heuristic, anchoring heuristic, overconfidence bias and disposition effect, negatively influenced investors' decisions at the PSX.

This study will contribute to behavioral finance literature in the context of developing countries as it has revealed the impact of COVID-19 on the emerging stock market, and its results are generalizable to other emerging stock markets.

The findings of this study will help academicians, researchers and policymakers of developing countries. Academicians can formulate new behavioral models that can depict the solutions of dealing with an uncertain situation like COVID-19. Policymakers like the Securities Exchange Commission and the PSX can formulate crisis management strategies based on behavioral finance concepts to cope with situations like COVID-19 in the future and help lessen investors' losses in the stock markets. The role of the Securities Exchange Commission is crucial as it regulates the financial markets. It can arrange workshops to educate investors to manage their decisions during crisis time and focus on the best use of irrational and rational decision-making at the same time using Lo (2004) adaptive market hypothesis.

The novelty of the paper is that the authors have introduced overconfidence and disposition effect as mediators that create a connection between representative and anchoring heuristics and investment decisions using primary data collected from investors (institutional and retail) to demonstrate the presence of psychological biases during COVID-19, and it has been done for the first time according to authors' knowledge. It is a contribution and addition to the behavioral finance literature in the context of developing countries' stock markets and their efficiency.

This paper aims to explore the impact of the coronavirus on the volatility spillovers of 10 selected developed markets hit by this pandemic (e.g. the USA, Canada, Korea, Japan, the UK, Germany, Italy, Spain, France and China).

The database consists of daily data from January 1, 2020, to December 31, 2022. The data used are the precise daily closing prices of various indices of selected markets gathered from the DataStream and Investing.com databases. The authors use the VAR model to study the transmission of volatility between stock markets and analyze the dynamic links between them. Then, the Granger causality test is used to study the volatility movements and determine which of these markets is likely to influence the others. Then, impulse response functions are used to understand the reactions of the studied markets following shocks in the two most important markets, namely, the American and Chinese markets. Finally, forecast errors variance decomposition is used to measure the dynamic interactions that characterize the relationships between the studied markets.

Empirical results reveal instability in the returns of various indexes and the existence of causal relationships between standardized volatility of markets. The reactions of some markets following a shock in American and Chinese markets differ among markets. The empirical results also show that forecast errors variance of some markets begin coming from their own innovations during first periods. These shares decrease then in favor of other markets interventions.

The findings have significant practical implications for governments around the world as well as for financial investors. The successful practice of China’s pandemic prevention and control efforts may inspire governments to determine how to overcome panic and strengthen confidence in victory. Policymakers can use the insights from our study to design more effective economic policies and regulations to mitigate the negative impact of future pandemics on the financial system. Regulators can use these results to identify areas of weakness in the financial system and take proactive measures to address them. Financial investors may use the outcomes of our result to better understand the impact of global pandemics on financial markets. They may know which markets are the most active, which ones are causing considerable effects on the others and which ones show resilience and an anti-risk capacity. This may help them to make appropriate decisions about their investments.

It has become imperative to estimate the impact of this pandemic on the behavior of financial markets to prevent the deterioration and dysfunction of the global financial system. The findings have important implications for financial investors and governments who should know which markets are the most shaken, which cause remarkable effects on others and which show resilience and anti-risk capacity. Countries could follow China in some measures taken to moderate the negative effects of this epidemic on national economies.

The purpose of this paper is twofold. First, it attempts to examine the impact of covid-19 outbreak on the volatility of stock prices, and then it investigates the moderating role of employee stock ownership on this relationship.

The study sample includes 108 French companies from the CAC All-Tradable index observed quarterly over a period from the first quarter of 2020 to the fourth quarter of 2022. The GMM estimator of the system in the context of dynamic panel data is used.

The findings show a positive impact of covid-19 pandemic on stock price volatility. Furthermore, the employee stock ownership has a negative moderating effect on the volatility-Covid-19 relationship. These results suggest that in times of crisis, investors have more confidence in companies with employee stock ownership plans than in those without.

These findings have strong implications for investors and provide guidance for regulators and policymakers. Indeed, companies with greater employee stock ownership (ESO) can better withstand the volatility induced by Covid-19. This highlights the beneficial role of employee involvement in a company’s governance, providing an interesting perspective on risk management and financial stability during times of crisis such as the current pandemic.

The present study is an extension of the existing literature from two perspectives. Firstly, it examines the impact of the covid-19 pandemic on the volatility of stock prices of companies in all sectors, except the financial sector. Secondly, it aims to investigate the moderating effect of ESO on this relationship, which is the major contribution of this work. Indeed, to our knowledge, no study has examined the moderating role of ESO on Covid-volatility relationship, although such a moderating effect is theoretically presumed to exist.