We investigate how investors perceive the adoption of expected-loss model (ELM) for impairment incorporated in IFRS 9. Using a sample European listed banks covering period standard-setting process 9, we examine whether market perceives new regulation to increase shareholder wealth. First, document positive reaction ELM events. Second, find that potential benefits are more pronounced larger bank...

Forecasting the particulate matter (PM) concentration in South Korea has become urgently necessary owing to its strong negative impact on human life. In most statistical or machine learning methods, independent and identically distributed data, for example, a Gaussian distribution, are assumed; however, time series such as air pollution weather data do not meet this assumption. study, maximum c...