Financing the Small Firm Start-Up: Determinants of Debt Use

While academic research concerning capital structure of large corporations has been abundant in the finance literature, studies of small firms have been somewhat less common, and investigation of capital structure at origin (start-up) has been virtually nil. In this paper we present empirical evidence concerning the start-up capital structures of small firms. We base this investigation upon characteristics of both owner and firm. We find the percent of the owner\u27s income expected to be derived from the business to be positively associated with debt use and the owner\u27s age to be negatively associated with debt use. We find that more debt is obtained if the business owner is married and less if he or she is black. Similarly, more debt is prevalent among start-up firms in transportation and utilities than those in other industries. When debt obtained from other than financial institutions is considered, factors such as gender, experience, education, and expected firm size also play a role in the structure of start-up capital

Meta-analysis & Review of Learner Performance & Preference: Virtual vs. Optical Microscopy

Background & Purpose: For nearly two decades, a wealth of literature has been published describing the various capabilities, uses, and adaptations of virtual microscopy (VM). Many studies have investigated the effects and benefits of VM on student learning compared to optical microscopy (OM). As such, this study statistically aggregated the findings of multiple comparative studies through a meta-analysis to summarize and substantiate the pedagogical efficacy of teaching with VM. Methods Using predefined eligibility criteria, teams of paired researchers screened the titles and abstracts of VM studies retrieved from seven different databases. After two rounds of screening, numerical and thematic data were extracted from the eligible studies for analysis. A summary effect size and estimate of heterogeneity were calculated to determine the effects of VM on learner performance and the amount of variance between studies, respectively. Trends in student perceptions were also analyzed and reported. Results: Of the 725 records screened, 72 studies underwent full-text review. In total, 12 studies were viable for meta-analysis and additional studies were reviewed to extract themes relating to learners’ perceptions of VM. The meta-analysis detected a small yet significant positive effect on learner performance (SMD=0.28, [CI=0.09, 0.47], p=0.003), indicating that learners experience marked knowledge gains when exposed to VM over OM. Variation among studies was evident as high heterogeneity was reported. An analysis of trends in learner perceptions noted that respondents favored VM over OM by a large margin. Conclusions: Despite many individual studies reporting non-significant findings when comparing VM to OM, the enhanced power afforded by meta-analysis revealed that the pedagogical approach of VM is modestly superior to OM and is preferred by learners

CV17017

This report provides the main results and findings of the fifteenth annual underwater television on the Aran, Galway Bay and Slyne head Nephrops grounds, ICES assessment area; Functional Unit 17. The survey was multi-disciplinary in nature collecting UWTV, fishing, CTD and other ecosystem data. In 2017 a total of 40 UWTV stations were successfully completed, 31 on the Aran Grounds, 5 on Galway Bay and 4 on Slyne Head patches. The mean burrow density observed in 2017, adjusted for edge effect, was medium at 0.29 burrows/m². The final krigged burrow abundance estimate for the Aran Grounds was 343 million burrows with a CV (or relative standard error) of 3 %. The final abundance estimate for Galway Bay and Slyne Head was 25 and 11 million burrows with CVs of 7% and 3% respectively. The total abundance estimates have fluctuated considerably over the time series. The 2016 combined abundance estimate was 32% lower than in 2015 and at 379 million and is below the MSY Btrigger (540 million). Using the 2017 abundance estimate and updated stock data implies catch of 551 tonnes and landings of 513 tonnes in 2018 when MSY approach is applied (assuming that discard rates and fishery selection patterns do not change from the average of 2014–2016). Virgilaria mirabilis was the only sea-pen species observed on the UWTV footage. Trawl marks were present at 20% of the Aran stations surveyed

Kinetics of Proton Transport into Influenza Virions by the Viral M2 Channel

M2 protein of influenza A viruses is a tetrameric transmembrane proton channel, which has essential functions both early and late in the virus infectious cycle. Previous studies of proton transport by M2 have been limited to measurements outside the context of the virus particle. We have developed an in vitro fluorescence-based assay to monitor internal acidification of individual virions triggered to undergo membrane fusion. We show that rimantadine, an inhibitor of M2 proton conductance, blocks the acidification-dependent dissipation of fluorescence from a pH-sensitive virus-content probe. Fusion-pore formation usually follows internal acidification but does not require it. The rate of internal virion acidification increases with external proton concentration and saturates with a pKm of ∼4.7. The rate of proton transport through a single, fully protonated M2 channel is approximately 100 to 400 protons per second. The saturating proton-concentration dependence and the low rate of internal virion acidification derived from authentic virions support a transporter model for the mechanism of proton transfer

Transcript of The Dory Derby Accident

This story is an excerpt from a longer interview that was collected as part of the Launching through the Surf: The Dory Fleet of Pacific City project. In this story, Don Grotjohn recounts an accident that occurred during a Dory Derby competition

Identification of undiagnosed atrial fibrillation patients using a machine learning risk prediction algorithm and diagnostic testing (PULsE-AI): Study protocol for a randomised controlled trial.

Atrial fibrillation (AF) is associated with an increased risk of stroke, enhanced stroke severity, and other comorbidities. However, AF is often asymptomatic, and frequently remains undiagnosed until complications occur. Current screening approaches for AF lack either cost-effectiveness or diagnostic sensitivity; thus, there is interest in tools that could be used for population screening. An AF risk prediction algorithm, developed using machine learning from a UK dataset of 2,994,837 patients, was found to be more effective than existing models at identifying patients at risk of AF. Therefore, the aim of the trial is to assess the effectiveness of this risk prediction algorithm combined with diagnostic testing for the identification of AF in a real-world primary care setting. Eligible participants (aged ≥30 years and without an existing AF diagnosis) registered at participating UK general practices will be randomised into intervention and control arms. Intervention arm participants identified at highest risk of developing AF (algorithm risk score ≥ 7.4%) will be invited for a 12‑lead electrocardiogram (ECG) followed by two-weeks of home-based ECG monitoring with a KardiaMobile device. Control arm participants will be used for comparison and will be managed routinely. The primary outcome is the number of AF diagnoses in the intervention arm compared with the control arm during the research window. If the trial is successful, there is potential for the risk prediction algorithm to be implemented throughout primary care for narrowing the population considered at highest risk for AF who could benefit from more intensive screening for AF. Trial Registration: NCT04045639

Motor Preparatory Activity in Posterior Parietal Cortex is Modulated by Subjective Absolute Value

For optimal response selection, the consequences associated with behavioral success or failure must be appraised. To determine how monetary consequences influence the neural representations of motor preparation, human brain activity was scanned with fMRI while subjects performed a complex spatial visuomotor task. At the beginning of each trial, reward context cues indicated the potential gain and loss imposed for correct or incorrect trial completion. FMRI-activity in canonical reward structures reflected the expected value related to the context. In contrast, motor preparatory activity in posterior parietal and premotor cortex peaked in high “absolute value” (high gain or loss) conditions: being highest for large gains in subjects who believed they performed well while being highest for large losses in those who believed they performed poorly. These results suggest that the neural activity preceding goal-directed actions incorporates the absolute value of that action, predicated upon subjective, rather than objective, estimates of one's performance

A recepção da teoria dos sistemas de luhmann na jurisprudência constitucional colombiana

This paper presents some considerations about the influence that Luhmann’s systems theory has had in the decisions of the Colombian Constitutional Court from its inception. It makes a general reference to the basic concepts of the Luhmannian theory, the interrelationship of social systems—law, politics and morals—, and some criticism to legal positivism that might arise from Luhmann. We studied the jurisprudence of the Colombian Constitutional Court from its creation until the research date, analyzing in which of them the Constitutional Court used the Luhmannian theory to support its ruling and how it did it. We found that Luhmann's theory was cited in only three rulings, suggesting its precariousness regarding as a theory “accepted” by law practitioners in Colombia.Este texto presenta algunas consideraciones sobre la influencia que ha tenido la teoría de los sistemas de Luhmann en las decisiones de la Corte Constitucional Colombiana desde sus inicios. Encontraremos una mención general sobre los conceptos básicos de la teoría luhmanniana, sobre la interrelación de los sistemas sociales Derecho, Política y Moral y sobre algunas críticas que podrían plantearse desde Luhmann hacia el positivismo jurídico. Se hizo un estudio de la jurisprudencia de la Corte Constitucional Colombiana desde su creación hasta la fecha de la investigación, analizando en cuáles de estas el tribunal constitucional utilizó la teoría luhmanniana para sustentar su fallo y de qué forma lo hizo, encontrando que solo en tres sentencias fue citada la teoría de Luhmann, lo que indica una precariedad en cuanto a su consideración como una teoría “aceptada” por quienes ejercen el derecho en Colombia.Este texto apresenta algumas considerações sobre a influência que a teoria dos sistemas de Luhmann teve sobre as decisões do Tribunal Constitucional colombiano desde sua criação. Encontraremos uma menção geral sobre os conceitos básicos da teoria Luhmanniana, sobre a inter-relação dos sistemas sociais Direito, Política e Moral e sobre algumas críticas que poderiam ser apresentadas a partir de Luhmann para o positivismo jurídico. Um estudo da jurisprudência do Tribunal Constitucional colombiano foi feito desde sua criação até a data da investigação, analisando em quais deles o tribunal constitucional utilizou a teoria Luhmanniana para sustentar sua decisão e de que maneira o fez, constatando que apenas em três sentenças citou-se a teoria de Luhmann; isso indica uma precariedade quanto a sua consideração como teoria "aceita" por quem exerce o direito na Colômbia