1,234 research outputs found

    Environmental Initiatives and Earnings Management

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    Purpose – The purpose of this paper is to provide initial evidence on the association between environmental initiatives and earnings management. Prior literature documents firms participating in environmental initiatives to report relatively stronger financial performance. Moreover, firms with superior performance have been shown to engage in greater levels of earnings management. A natural question that arises is to what extent do firms with environmental initiatives engage in earnings management to report better financial performance? Design/methodology/approach – The study draws on two theoretical frameworks, external monitoring and internal corporate culture, to predict an inverse association between environmental initiatives and earnings management. The authors test this prediction using an earnings management regression model, estimating discretionary accruals using the modified-Jones approach. Findings – The study finds that firms with environmental initiatives exhibit lower earnings management proxied by absolute and income-increasing total discretionary accruals. The authors further find pollution prevention and climate related initiatives to help explain this inverse association. The results imply that firms practising environmental responsibility report better financial performance, with the most likely reason being due to real economic performance rather than through earnings management techniques. Originality/value – This study provides initial evidence on the association between environmental initiatives and earnings management, an area of importance to all stakeholders in a market with increasing interest in corporate environmental performance and its implications

    Decreased Plant and Arthropod Richness in Landscapes Dominated by Old World Bluestem Grasses: Implications for Wildlife

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    Old World bluestem grasses (OWBs, e.g., Bothriochloa, Dichanthium spp.) have become dominant throughout the southern and central Great Plains, altering native plant communities with concomitant effects for native wildlife. We examined plant and arthropod communities in areas dominated by native plants and areas dominated by OWBs at the Welder Wildlife Refuge in southern Texas. We sampled vegetation and arthropods on research plots (6 x 9-m, 5 each) every 4 weeks during summer 2011 and 2012. We found, on average, 2 (SE=0.2) more plant species, and 12-13 (SE=1.0) more arthropod species on native plant-dominated plots compared to OWB-dominated plots. Native plant-dominated plots also had 273 (SE=18.8) more individual arthropods in 2011, but 75 (SE=16.6) fewer than OWB-dominant plots in 2012, resulting from a population explosion and crash of woodlice in native plant-dominated plots. We recorded only 1 species of herbivorous arthropod from OWB-dominated plots in 2012; native plant-dominated plots had 5-6 (SE=0.68) additional herbivore species, suggesting that increased dominance by OWBs may create cascading effects on trophic dynamics. Because many species of wildlife depend on plants and arthropods for food, these changes in species richness and abundance suggest that restoration tools are required to reduce the competitive ability of OWBs. Traditional management strategies have not successfully reduced OWBs; as part of our research, we are modifying soil properties to attempt to provide novel management strategies for landowners to increase diversity of native species and habitat quality in grasslands impacted by OWBs

    Fingerprints of biocomplexity: Taxon‐specific growth of phytoplankton in relation to environmental factors

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    Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/110012/1/lno2004494part21446.pd

    Cloning and sequencing of the depolymerase-like gene from Bacteriophage J25

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    Bacteriophage are viruses that infect, replicate and kill bacteria. Salmonella and EHEC food poisoning are caused by Salmonella and E. coli bacteria. Bacteriophage can be used to prevent food poisoning by application to food products or processing machinery. Bacteriophage J25 specifically infects Salmonella and E. coli bacteria. We cloned fragments of the J25 genome, sequence the DNA and used bioinformatics to identify J25. We used genome data from similar bacteriophage in Genbank to design primers to amplify the depolymerase-like gene. We amplified and cloned this gene. When expressed, the gene product will be test with bacteriophage food treatment where it should augment bacteriophage killing

    Cloning, sequencing, and identification of Phage 16, an unknown salmonella or EHEC (enterohemorrhagic E. coli) bacteriophage

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    Bacteriophage are viruses that infect, replicate and kill bacteria. Salmonella and EHEC food poisoning are caused by Salmonella and E. coli bacteria. Bacteriophage can be used to prevent food poisoning by application to food products or processing machinery. Bacteriophage P16 specifically infects Salmonella and E. coli bacteria. We cloned fragments of the P16 genome, sequence the DNA and used bioinformatics to identify P16. Phage P16 is a Salmonella phage similar to Stitch. A phylogenetic tree inferring relationships of P16 and other bacteriophage was created

    Life at high Deborah number

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    In many biological systems, microorganisms swim through complex polymeric fluids, and usually deform the medium at a rate faster than the inverse fluid relaxation time. We address the basic properties of such life at high Deborah number analytically by considering the small-amplitude swimming of a body in an arbitrary complex fluid. Using asymptotic analysis and differential geometry, we show that for a given swimming gait, the time-averaged leading-order swimming kinematics of the body can be expressed as an integral equation on the solution to a series of simpler Newtonian problems. We then use our results to demonstrate that Purcell's scallop theorem, which states that time-reversible body motion cannot be used for locomotion in a Newtonian fluid, breaks down in polymeric fluid environments

    Non-equilibrium dynamics and floral trait interactions shape extant angiosperm diversity.

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    Why are some traits and trait combinations exceptionally common across the tree of life, whereas others are vanishingly rare? The distribution of trait diversity across a clade at any time depends on the ancestral state of the clade, the rate at which new phenotypes evolve, the differences in speciation and extinction rates across lineages, and whether an equilibrium has been reached. Here we examine the role of transition rates, differential diversification (speciation minus extinction) and non-equilibrium dynamics on the evolutionary history of angiosperms, a clade well known for the abundance of some trait combinations and the rarity of others. Our analysis reveals that three character states (corolla present, bilateral symmetry, reduced stamen number) act synergistically as a key innovation, doubling diversification rates for lineages in which this combination occurs. However, this combination is currently less common than predicted at equilibrium because the individual characters evolve infrequently. Simulations suggest that angiosperms will remain far from the equilibrium frequencies of character states well into the future. Such non-equilibrium dynamics may be common when major innovations evolve rarely, allowing lineages with ancestral forms to persist, and even outnumber those with diversification-enhancing states, for tens of millions of years

    Targeted Cattle Grazing to Enhance Sage-Grouse Brood-Rearing Habitat

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    Often, greater sage-grouse (Centrocercus urophasianus) brood-rearing habitats dominated by dense mountain big sagebrush (Artemisia tridentata vaseyana; >10-25% canopy cover) limit important forbs and arthropods sage-grouse rely on during summer. We investigated whether protein supplementation could concentrate cattle during fall to reduce sagebrush canopy cover and increase the diversity and abundance of forbs and arthropods. We applied targeted cattle grazing within three large, contiguous pastures in the Beaverhead Mountains of southwestern Montana. In each pasture, we selected one 4-ha macroplot of dense sagebrush (>30%). Within each macroplot, we placed low-moisture block protein supplement in four microsites (78.5-m2) and compared cattle response to four untreated control microsites. The following summer we measured herbaceous canopy cover and composition, shrub canopy cover, ground cover, forb and arthropod diversity, and arthropod density for each treated and untreated microsites. Mountain big sagebrush canopy cover was 71% less in treated vs. untreated microsites (11% vs. 38% canopy cover, respectively; P <0.001). Bite count observations indicated that sagebrush cover was reduced by cattle trampling rather than browsing, as sagebrush comprised <1% of cattle diets. Forb diversity was 13% greater in treated microsites (P = 0.094), forb species richness was 16% greater in treated microsites (P = 0.044), and forb composition trended higher in treated microsites (45% of herbaceous composition in treated microsites vs. 32% in untreated microsites; P = 0.106). Lepidoptera density trended 18% greater in treated microsites (P = .133). Our results indicate that protein supplementation during late fall can concentrate cattle to enhance sage-grouse brood-rearing habitat
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