Publications by authors named "Li Jiang Cheng"

With the acceleration of globalization, the connections between emerging market economies are becoming increasingly intricate, making it crucial to understand the mechanisms of risk transmission. This study employs the transfer entropy model to analyze risk diffusion and network resilience across ten emerging market countries. The findings reveal that Brazil, Mexico, and Saudi Arabia are the primary risk exporters, while countries such as India, South Africa, and Indonesia predominantly act as risk receivers.

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This study examines the role of periodic information, the mechanism of influence, stochastic resonance, and its controllable analysis in complex corporate financial systems. A stochastic predator-prey complex corporate financial system model driven by periodic information is proposed. Additionally, we introduce signal power amplification to quantify the stochastic resonance phenomenon and develop a method for analyzing stochastic resonance in financial predator-prey dynamics within complex corporate financial systems.

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We investigate the roles of liquidity and delay in financial markets through our proposed optimal forecasting model. The efficiency and liquidity of the financial market are examined using stochastic models that incorporate information delay. Based on machine learning, we estimate the in-sample and out-of-sample forecasting price performances of the six proposed methods using the likelihood function and Bayesian methods, and the out-of-sample prediction performance is compared with the benchmark model ARIMA-GARCH.

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Apple pomace, a by-product of juice production, is a high-fibre, high-polyphenol functional food ingredient. Extrusion (barrel moisture 15%, 20% or 30%) of apple pomace, followed by drying, allows it to be supplied in a convenient form. Extrusion caused degradation of the apple pomace cell wall structure.

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Microencapsulation provides a vehicle for the incorporation of fats and oils into powders that can be used as dry ingredients in an expanded variety of food products. Microencapsulated omega-3 oils in particular are commonly incorporated into a variety of foods and numerous in vitro studies have examined the impact of individual microencapsulation technologies on the simulated digestibility of the oil core. We have exposed twelve microencapsulated canola oil-in-water emulsions, formulated with different proteins (milk or soy) or mixtures of protein and carbohydrates (sugars, oligosaccharides, resistant starch) and processed into powders by spray drying, to simulated gastric and intestinal fluids in vitro.

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Spray dried emulsions are effective for carrying and stabilising combinations of fish oil and tributyrin, fish oil and resveratrol, or fish oil, tributyrin and resveratrol in one formulation. The encapsulation efficiencies were >99% for all three bioactives when a heated mixture of sodium caseinate: glucose: dried glucose syrup matrix (Encapsulant matrix 1) was used. When a heated sodium caseinate: glucose: processed starch matrix (Encapsulant matrix 2) was used, the encapsulation efficiencies were 90-92% for tributyrin and approximately 98% for resveratrol for all formulations but 79-91% for tuna oil where the efficiency was more formulation dependent.

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We investigate the stochastic resonance of the stock prices in a finance system with the Heston model. The extrinsic and intrinsic periodic information are introduced into the stochastic differential equations of the Heston model for stock price by focusing on the signal power amplification (SPA). We find that for both cases of extrinsic and intrinsic periodic information a phenomenon of reverse resonance emerges in the behaviors of SPA as a function of the system and external driving parameters.

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Various indices of lipid oxidation were used to assess the oxidative stability of microencapsulated fish oil powders prepared from tuna oil-in-water emulsions (pH 4.9 or 6.0) containing chitosan, an emulsifying starch, and glucose.

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