Neutrality of narrative discussion in annual reports of UK listed companies

This paper reports the results of an investigation into the neutrality of the narrative discussion of financial performance and position, as evidenced in 179 annual reports of UK listed companies. Neutrality of narrative discussion was determined by comparing the average proportions of good and bad news contained in the narrative and statutory accounts sections of the annual reports. The results of a comparison of the proportion of good news in the two sections of the annual reports suggest that the narrative sections contained a significantly higher proportion of good news than the statutory accounts sections. Comparison of proportions of bad news, however, indicates that the narrative sections contained a significantly lower proportion of bad news compared to the statutory accounts sections. Finally, the results also suggest that the proportion of good news as compared to bad news in the narrative sections is significantly higher than the proportion of good news compared to bad news in the statutory accounts section. The results are consistent with the suggestion that company management highlights good news in narrative discussions. The implications of the findings for company management, users, auditors and regulators are discussed

Optical Resonator Analog of a Two-Dimensional Topological Insulator

A lattice of optical ring resonators can exhibit a topological insulator phase, with the role of spin played by the direction of propagation of light within each ring. Unlike the system studied by Hafezi et al., topological protection is achieved without fine-tuning the inter-resonator couplings, which are given the same periodicity as the underlying lattice. The topological insulator phase occurs for strong couplings, when the tight-binding method is inapplicable. Using the transfer matrix method, we derive the bandstructure and phase diagram, and demonstrate the existence of robust edge states. When gain and loss are introduced, the system functions as a diode for coupled resonator modes.Comment: 10 pages, 9 figure

Dark Breathers in Granular Crystals

We present a study of the existence, stability and bifurcation structure of families of dark breathers in a one-dimensional uniform chain of spherical beads under static load. A defocus- ing nonlinear Schrodinger equation (NLS) is derived for frequencies that are close to the edge of the phonon band and is used to construct targeted initial conditions for numerical computations. Salient features of the system include the existence of large amplitude solutions that bifurcate with the small amplitude solutions described by the NLS equation, and the presence of a nonlinear instability that, to the best of the authors knowledge, has not been observed in classical Fermi- Pasta-Ulam lattices. Finally, it is also demonstrated that these dark breathers can be detected in a physically realistic way by merely actuating the ends of an initially at rest chain of beads and inducing destructive interference between their signals

Calibration of the Pulsed Electroacoustic Technique in the Presence of Trapped Charge

The influence of pulse voltage on the accuracy of charge density distribution in the pulsed electroacoustic technique (PEA) is discussed. It is shown that significant error can be introduced if a low dc voltage and high pulse voltage are used to calibrate charge density. However, our main focus in the present paper is to deal with one of the practical situations where space charge exists in the material prior to any measurements. The conventional calibration method can no longer be used to calibrate charge density due to the interference by the charge on the electrode induced by space charge. A method has been proposed which is based on two measurements. Firstly, the sample containing charge is measured without any applied voltage. The second measurement is carried out with a small external applied voltage. The applied voltage should be small enough so there is no disturbance of the existing charge in the sample. The difference of the two measurements can be used for calibration. An additional advantage of the proposed method avoids the influence of the pulse voltage on calibration and therefore gives a more accurate representation of space charge. The proposed method has been validated

Justification of Leading Order Quasicontinuum Approximations of Strongly Nonlinear Lattices

We consider the leading order quasicontinuum limits of a one-dimensional granular medium governed by the Hertz contact law under precompression. The approximate model which is derived in this limit is justified by establishing asymptotic bounds for the error with the help of energy estimates. The continuum model predicts the development of shock waves, which are also studied in the full system with the aid of numerical simulations. We also show that existing results concerning the Nonlinear Schrodinger (NLS) and Korteweg de-Vries (KdV) approximation of FPU models apply directly to a precompressed granular medium in the weakly nonlinear regime

Series of Concentration-Induced Phase Transitions in Cholesterol/Phosphatidylcholine Mixtures

In lipid membranes, temperature-induced transition from gel-to-fluid phase increases the lateral diffusion of the lipid molecules by three orders of magnitude. In cell membranes, a similar phase change may trigger the communication between the membrane components. Here concentration-induced phase transition properties of our recently developed statistical mechanical model of cholesterol/phospholipid mixtures are investigated. A slight (<1%) decrease in the model parameter values, controlling the lateral interaction energies, reveals the existence of a series of first- or second-order phase transitions. By weakening the lateral interactions first, the proportion of the ordered (i.e., superlattice) phase (Areg) is slightly and continuously decreasing at every cholesterol mole fraction. Then sudden decreases in Areg appear at the 0.18–0.26 range of cholesterol mole fractions. We point out that the sudden changes in Areg represent first- or second-order concentration-induced phase transitions from fluid to superlattice and from superlattice to fluid phase. Sudden changes like these were detected in our previous experiments at 0.2, 0.222, and 0.25 sterol mole fractions in ergosterol/DMPC mixtures. By further decreasing the lateral interactions, the fluid phase will dominate throughout the 0.18–0.26 interval, whereas outside this interval sudden increases in Areg may appear. Lipid composition-induced phase transitions as specified here should have far more important biological implications than temperature- or pressure-induced phase transitions. This is the case because temperature and pressure in cell membranes are largely invariant under physiological conditions

Phononic Rogue Waves

We present a theoretical study of extreme events occurring in phononic lattices. In particular, we focus on the formation of rogue or freak waves, which are characterized by their localization in both spatial and temporal domains. We consider two examples. The first one is the prototypical nonlinear mass-spring system in the form of a homogeneous Fermi-Pasta-Ulam-Tsingou (FPUT) lattice with a polynomial potential. By deriving an approximation based on the nonlinear Schroedinger (NLS) equation, we are able to initialize the FPUT model using a suitably transformed Peregrine soliton solution of the NLS, obtaining dynamics that resembles a rogue wave on the FPUT lattice. We also show that Gaussian initial data can lead to dynamics featuring rogue wave for sufficiently wide Gaussians. The second example is a diatomic granular crystal exhibiting rogue wave like dynamics, which we also obtain through an NLS reduction and numerical simulations. The granular crystal (a chain of particles that interact elastically) is a widely studied system that lends itself to experimental studies. This study serves to illustrate the potential of such dynamical lattices towards the experimental observation of acoustic rogue waves.Comment: 9 pages, 4 figure

Temperature effect on space charge dynamics in XLPE insulation

This paper reports on space charge evolution in crosslinked polyethylene (XLPE) planar samples approximately 1.20 mm thick subjected to electric stress level of 30 kVdc/mm under four temperature 25 oC, 50 oC, 70 oC and 90 oC for 24 hours. Space charge profiles in both as-received and degassed samples were measured using the laser induced pressure pulse (LIPP) technique. The dc threshold stresses at which space charge initiates are greatly affected by testing temperatures. The results suggest that testing temperature has numerous effects on space charge dynamics such as enhancement of ionic dissociation of polar crosslinked by-products, charge injection, charge mobility and electrical conductivity. Space charge distributions of very different nature were seen at lower temperatures when comparing the results of as-received samples with degassed samples. However at higher temperature, the space charge distribution took the same form, although of lower concentration in degassed samples. Space charge distributions are dominated by positive charge when tested at high temperatures regardless of sample treatment and positive charge propagation enhances as testing temperature increases. This can be a major cause of concern as positive charge propagation has been reported to be related to insulation breakdown

Key Issues in Expansion of End-User Mobile Communication in China

China’s mobile communications market presents unique market challenges. With a high subscriber growth rate but polarized and stratified consumer adoption trends, an investigation into the current status of this market will improve our understanding on how adoption of mobile communications is evolving. In this descriptive paper we analyze key issues relating to market characteristics of mobile communications with an objective to better comprehend the dynamics of this largest mobile subscribers market. Using secondary data we identify mobile industry and end-user related trends to infer our conclusions for the industry.China;mobile communication;mobile subscribers market