543 research outputs found
Fair Value Hierarchy Measures: Post-Implementation Evidence on IFRS 7
Using a balance sheet valuation model, this study examines if information on the fair value hierarchy of on-balance sheet financial assets and financial liabilities are incorporated in the marketâs valuation of companiesâ equities in Singapore. The results of the study show significant associations between as-reported Level 1 and Level 2 fair value measures of financial assets and market values. However, the results are not significant for Level 3 fair value measures of financial assets and each of the three levels of fair value measures of financial liabilities. The results also show that returns are more positively associated with as-reported gains and losses from Level 1 and Level 2 fair value measures than those from Level 3 fair value measures. Overall, the evidence suggests that information on the fair value hierarchy of IFRS 7 Financial Instruments: Disclosures are used by market participants in their pricing decisions. The market however appears to place greater weights on fair value changes taken to the income statement than those taken to OCI, notwithstanding the level of the fair value measure. While the fixation with income statement measures remains a puzzle, the results are consistent with prior studies that show that investors largely ignore OCI in their pricing of shares
Glider observations of enhanced deep water upwelling at a shelf break canyon: a mechanism for cross-slope carbon and nutrient exchange
Using underwater gliders we have identified canyon driven upwelling across the Celtic Sea shelf-break, in the vicinity of Whittard Canyon. The presence of this upwelling appears to be tied to the direction and strength of the local slope current, which is in itself highly variable. During typical summer time equatorward flow, an unbalanced pressure gradient force and the resulting disruption of geostrophic flow can lead to upwelling along the main axis of two small shelf break canyons. As the slope current reverts to poleward flow, the upwelling stops and the remnants of the upwelled features are mixed into the local shelf water or advected away from the region. The upwelled features are identified by the presence of sub-pycnocline high salinity water on the shelf, and are upwelled from a depth of 300 m on the slope, thus providing a mechanism for the transport of nutrients across the shelf break onto the shelf
An improved optimization technique for estimation of solar photovoltaic parameters
The nonlinear current vs voltage (I-V) characteristics of solar PV make its modelling difficult. Optimization techniques are the best tool for identifying the parameters of nonlinear models. Even though, there are different optimization techniques used for parameter estimation of solar PV, still the best optimized results are not achieved to date. In this paper, Wind Driven Optimization (WDO) technique is proposed as the new method for identifying the parameters of solar PV. The accuracy and convergence time of the proposed method is compared with results of Pattern Search (PS), Genetic Algorithm (GA), and Simulated Annealing (SA) for single diode and double diode models of solar PV. Furthermore, for performance validation, the parameters obtained through WDO are compared with hybrid Bee Pollinator Flower Pollination Algorithm (BPFPA), Flower Pollination Algorithm (FPA), Generalized Oppositional Teaching Learning Based Optimization (GOTLBO), Artificial Bee Swarm Optimization (ABSO), and Harmony Search (HS). The obtained results clearly reveal that WDO algorithm can provide accurate optimized values with less number of iterations at different environmental conditions. Therefore, the WDO can be recommended as the best optimization algorithm for parameter estimation of solar PV
Search For Trapped Antihydrogen
We present the results of an experiment to search for trapped antihydrogen
atoms with the ALPHA antihydrogen trap at the CERN Antiproton Decelerator.
Sensitive diagnostics of the temperatures, sizes, and densities of the trapped
antiproton and positron plasmas have been developed, which in turn permitted
development of techniques to precisely and reproducibly control the initial
experimental parameters. The use of a position-sensitive annihilation vertex
detector, together with the capability of controllably quenching the
superconducting magnetic minimum trap, enabled us to carry out a
high-sensitivity and low-background search for trapped synthesised antihydrogen
atoms. We aim to identify the annihilations of antihydrogen atoms held for at
least 130 ms in the trap before being released over ~30 ms. After a three-week
experimental run in 2009 involving mixing of 10^7 antiprotons with 1.3 10^9
positrons to produce 6 10^5 antihydrogen atoms, we have identified six
antiproton annihilation events that are consistent with the release of trapped
antihydrogen. The cosmic ray background, estimated to contribute 0.14 counts,
is incompatible with this observation at a significance of 5.6 sigma. Extensive
simulations predict that an alternative source of annihilations, the escape of
mirror-trapped antiprotons, is highly unlikely, though this possibility has not
yet been ruled out experimentally.Comment: 12 pages, 7 figure
Nonquasiparticle states in half-metallic ferromagnets
Anomalous magnetic and electronic properties of the half-metallic
ferromagnets (HMF) have been discussed. The general conception of the HMF
electronic structure which take into account the most important correlation
effects from electron-magnon interactions, in particular, the spin-polaron
effects, is presented. Special attention is paid to the so called
non-quasiparticle (NQP) or incoherent states which are present in the gap near
the Fermi level and can give considerable contributions to thermodynamic and
transport properties. Prospects of experimental observation of the NQP states
in core-level spectroscopy is discussed. Special features of transport
properties of the HMF which are connected with the absence of one-magnon
spin-flip scattering processes are investigated. The temperature and magnetic
field dependences of resistivity in various regimes are calculated. It is shown
that the NQP states can give a dominate contribution to the temperature
dependence of the impurity-induced resistivity and in the tunnel junction
conductivity. First principle calculations of the NQP-states for the prototype
half-metallic material NiMnSb within the local-density approximation plus
dynamical mean field theory (LDA+DMFT) are presented.Comment: 27 pages, 9 figures, Proceedings of Berlin/Wandlitz workshop 2004;
Local-Moment Ferromagnets. Unique Properties for Moder Applications, ed. M.
Donath, W.Nolting, Springer, Berlin, 200
The Deuteron Spin-dependent Structure Function g1d and its First Moment
We present a measurement of the deuteron spin-dependent structure function
g1d based on the data collected by the COMPASS experiment at CERN during the
years 2002-2004. The data provide an accurate evaluation for Gamma_1^d, the
first moment of g1d(x), and for the matrix element of the singlet axial
current, a0. The results of QCD fits in the next to leading order (NLO) on all
g1 deep inelastic scattering data are also presented. They provide two
solutions with the gluon spin distribution function Delta G positive or
negative, which describe the data equally well. In both cases, at Q^2 = 3
(GeV/c)^2 the first moment of Delta G is found to be of the order of 0.2 - 0.3
in absolute value.Comment: fits redone using MRST2004 instead of MRSV1998 for G(x), correlation
matrix adde
A new measurement of the Collins and Sivers asymmetries on a transversely polarised deuteron target
New high precision measurements of the Collins and Sivers asymmetries of
charged hadrons produced in deep-inelastic scattering of muons on a
transversely polarised 6LiD target are presented. The data were taken in 2003
and 2004 with the COMPASS spectrometer using the muon beam of the CERN SPS at
160 GeV/c. Both the Collins and Sivers asymmetries turn out to be compatible
with zero, within the present statistical errors, which are more than a factor
of 2 smaller than those of the published COMPASS results from the 2002 data.
The final results from the 2002, 2003 and 2004 runs are compared with naive
expectations and with existing model calculations.Comment: 40 pages, 28 figure
Search for a W' boson decaying to a bottom quark and a top quark in pp collisions at sqrt(s) = 7 TeV
Results are presented from a search for a W' boson using a dataset
corresponding to 5.0 inverse femtobarns of integrated luminosity collected
during 2011 by the CMS experiment at the LHC in pp collisions at sqrt(s)=7 TeV.
The W' boson is modeled as a heavy W boson, but different scenarios for the
couplings to fermions are considered, involving both left-handed and
right-handed chiral projections of the fermions, as well as an arbitrary
mixture of the two. The search is performed in the decay channel W' to t b,
leading to a final state signature with a single lepton (e, mu), missing
transverse energy, and jets, at least one of which is tagged as a b-jet. A W'
boson that couples to fermions with the same coupling constant as the W, but to
the right-handed rather than left-handed chiral projections, is excluded for
masses below 1.85 TeV at the 95% confidence level. For the first time using LHC
data, constraints on the W' gauge coupling for a set of left- and right-handed
coupling combinations have been placed. These results represent a significant
improvement over previously published limits.Comment: Submitted to Physics Letters B. Replaced with version publishe
Search for the standard model Higgs boson decaying into two photons in pp collisions at sqrt(s)=7 TeV
A search for a Higgs boson decaying into two photons is described. The
analysis is performed using a dataset recorded by the CMS experiment at the LHC
from pp collisions at a centre-of-mass energy of 7 TeV, which corresponds to an
integrated luminosity of 4.8 inverse femtobarns. Limits are set on the cross
section of the standard model Higgs boson decaying to two photons. The expected
exclusion limit at 95% confidence level is between 1.4 and 2.4 times the
standard model cross section in the mass range between 110 and 150 GeV. The
analysis of the data excludes, at 95% confidence level, the standard model
Higgs boson decaying into two photons in the mass range 128 to 132 GeV. The
largest excess of events above the expected standard model background is
observed for a Higgs boson mass hypothesis of 124 GeV with a local significance
of 3.1 sigma. The global significance of observing an excess with a local
significance greater than 3.1 sigma anywhere in the search range 110-150 GeV is
estimated to be 1.8 sigma. More data are required to ascertain the origin of
this excess.Comment: Submitted to Physics Letters
Measurement of the Lambda(b) cross section and the anti-Lambda(b) to Lambda(b) ratio with Lambda(b) to J/Psi Lambda decays in pp collisions at sqrt(s) = 7 TeV
The Lambda(b) differential production cross section and the cross section
ratio anti-Lambda(b)/Lambda(b) are measured as functions of transverse momentum
pt(Lambda(b)) and rapidity abs(y(Lambda(b))) in pp collisions at sqrt(s) = 7
TeV using data collected by the CMS experiment at the LHC. The measurements are
based on Lambda(b) decays reconstructed in the exclusive final state J/Psi
Lambda, with the subsequent decays J/Psi to an opposite-sign muon pair and
Lambda to proton pion, using a data sample corresponding to an integrated
luminosity of 1.9 inverse femtobarns. The product of the cross section times
the branching ratio for Lambda(b) to J/Psi Lambda versus pt(Lambda(b)) falls
faster than that of b mesons. The measured value of the cross section times the
branching ratio for pt(Lambda(b)) > 10 GeV and abs(y(Lambda(b))) < 2.0 is 1.06
+/- 0.06 +/- 0.12 nb, and the integrated cross section ratio for
anti-Lambda(b)/Lambda(b) is 1.02 +/- 0.07 +/- 0.09, where the uncertainties are
statistical and systematic, respectively.Comment: Submitted to Physics Letters
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