2,122 research outputs found
Short note on magnetic impurities in SmFeAsOF (x=0, 0.07) compounds revealed by zero-field As NMR
We have performed zero-field As nuclear magnetic resonance study of
SmFeAsOF (x=0, 0.07) polycrystals in a wide frequency range at
various temperatures. As resonance line was found at around 265 MHz
revealing the formation of the intermetallic FeAs clusters in the new layered
superconductors. We have also demonstrated that NMR is a sensitive tool for
probing the quality of these materials.Comment: Revised authorshi
Enterprise Risk Management, Corporate Governance And Systemic Risk: Some Research Perspectives
The general goal of Enterprise Risk Management (ERM) processes is to
generate economic value through the coverage of firm business risk, on
the one hand, and by exploiting the positive side of uncertainty
conditions, on the other hand.
The increasing attention attributed to ERM in the creation of
economic value has led to even greater interactions between risk
management mechanisms and the corporate governance system.
In other words, in the last two decades, the relationships between
corporate governance and ERM increased since the ERM processes have
been considered more and more as critical drivers to combine strategic
objectives with relative low volatility of company performance. The basic
idea is that a good corporate governance system must deal about specific
risks along with their interactions and, at the same time, the firm’s
business risk as a whole. Moreover, an efficient and effective ERM
system provides clear information about linkages between strategic
opportunities and risk exposure and offers tools able to manage in an
optimal way the negative side of business risk (or downside risk) as wellas its positive side (or upside risk).
Accordingly, extant studies concerning the relationships between
ERM and corporate governance have been focusing on a micro-level of
analyses (i.e., the individual organization) and, specifically, on a firm’s
benefits that stem from the adoption of proper ERM processes that are
consistent with corporate governance goals and are able to sustain the
increase of economic value while maintaining a bearable business risk
over time.
From our initial analyses, a gap in literature arises. We argue that
the interdependence between ERM and corporate governance may be
analyzed from a broader point of view as well (i.e., the firm and its task
environment composed by its suppliers, customers, and partners). In
particular, our research idea is to enlarge traditional studies about
interrelations between corporate governance and ERM taking into
account whether such interrelations could be a driver of risk transfer
from the focal organization to other organizations that belong to its task
environment. Moreover, this study aims to deepen the mechanisms by
which the transfer of risk from a focal organization to its task
environment may foster the emergence of systemic risk, i.e., a macro risk
coming from domino and/or network effects.
Therefore, our paper aims to find new research areas by combining
micro and macro issues tied to corporate governance, ERM and systemic
risk.
The starting point of our work is the three following assumptions:
1) The compliance of a firm to ERM processes as well as to corporate
governance rules implies the reduction as much as possible of firm
business risk;
2) The reduction of the firm business risk leads to externalizing the
firm business risk through risk-sharing mechanisms;
3) The risk-sharing may arise like a driver of systemic risk
especially in those industries featured by strong network interrelations.
Starting from the above assumptions, the paper goal is to open a
new research area which combines four academic fields (ERM, corporate
governance, corporate finance, and macro-finance). So far, our initial
findings tell us that the following research questions arise:
RQ1: What are the conditions under which the transfer of business
risk towards organizations that belong to a firm task environment is
likely to become a source of systemic risk in a specific industry?
RQ2: How does the capital structure of a focal firm affect its
propensity to transfer business risk not only to commercial but also to
financial stakeholders included in firm task environment?
RQ3: How does the transfer of business risk influence the capital
cost of the focal firm as well as of the organizations that absorbed such
risk
Magnetic order in double-layer manganites (La(1-z)Pr(z))1.2Sr1.8Mn2O7: intrinsic properties and role of the intergrowths
We report on an investigation of the double-layer manganite series
(La(1-z)Pr(z))1.2Sr1.8Mn2O7 (0 <= z <= 1), carried out on single crystals by
means of both macroscopic magnetometry and local probes of magnetism (muSR,
55Mn NMR). Muons and NMR demonstrate an antiferromagnetically ordered ground
state at non-ferromagnetic compositions (z >= 0.6), while more moderate Pr
substitutions (0.2 <= z <= 0.4) induce a spin reorientation transition within
the ferromagnetic phase.
A large magnetic susceptibility is detected at {Tc,TN} < T < 250K at all
compositions. From 55Mn NMR spectroscopy, such a response is unambiguously
assigned to the intergrowth of a ferromagnetic pseudocubic phase
(La(1-z)Pr(z))(1-x)Sr(x)MnO3, with an overall volume fraction estimated as
0.5-0.7% from magnetometry. Evidence is provided for the coupling of the
magnetic moments of these inclusions with the magnetic moments of the
surrounding (La(1-z)Pr(z))1.2Sr1.8Mn2O7 phase, as in the case of finely
dispersed impurities. We argue that the ubiquitous intergrowth phase may play a
role in the marked first-order character of the magnetic transition and the
metamagnetic properties above Tc reported for double-layer manganites.Comment: 11 pages, 9 figures. Submitted to Phys. Rev.
Modification of magnetic and transport properties of manganite layers in Au/La_0.67Sr_0.33MnO_3/SrTiO_3 interfaces
The effect of gold capping on magnetic and transport properties of optimally
doped manganite thin films is studied. An extraordinary suppression of
conductivity and magnetic properties occurs in epitaxial (001)
La_0.67Sr_0.33MnO_3 (LSMO) films grown on SrTiO_3 upon deposition of 2 nm of
Au: in the case of ultrathin films of LSMO (4 nm thick) the resistivity
increases by four orders of magnitude while the Curie temperature decreases by
180 K. Zero-field 55Mn nuclear magnetic resonance reveals a significant
reduction of ferromagnetic double-exchange mechanism in manganite films upon
the gold capping. We find evidence for the formation of a 1.9-nm thick magnetic
"dead-layer" at the Au/LSMO interface, associated with the creation of
interfacial non double-exchange insulating phases.Comment: 4 figure
Critical chain length and superconductivity emergence in oxygen-equalized pairs of YBa2Cu3O6.30
The oxygen-order dependent emergence of superconductivity in YBa2Cu3O6+x is
studied, for the first time in a comparative way, on pair samples having the
same oxygen content and thermal history, but different Cu(1)Ox chain
arrangements deriving from their intercalated and deintercalated nature.
Structural and electronic non-equivalence of pairs samples is detected in the
critical region and found to be related, on microscopic scale, to a different
average chain length, which, on being experimentally determined by nuclear
quadrupole resonance (NQR), sheds new light on the concept of critical chain
length for hole doping efficiency.Comment: 7 RevTex pages, 2 Postscript figures. Submitted to Phys. Rev.
A two-step optimized measurement for the phase-shift
A two-step detection strategy is suggested for the precise measurement of the optical phase-shift. In the first step an unsharp, however, unbiased joint measurement of the phase and photon number is performed by heterodyning the signal field. Information coming from this step is then used for suitable squeezing of the probe mode to obtain a sharp phase distribution. Application to squeezed states leads to a phase sensitivity scaling as relative to the total number of photons impinged into the apparatus. Numerical simulations of the whole detection strategy are also also presented
Understanding the SR spectra of MnSi without magnetic polarons
Transverse-field muon-spin rotation (SR) experiments were performed on a
single crystal sample of the non-centrosymmetric system MnSi. The observed
angular dependence of the muon precession frequencies matches perfectly the one
of the Mn-dipolar fields acting on the muons stopping at a 4a position of the
crystallographic structure. The data provide a precise determination of the
magnetic dipolar tensor. In addition, we have calculated the shape of the field
distribution expected below the magnetic transition temperature at the 4a
muon-site when no external magnetic field is applied. We show that this field
distribution is consistent with the one reported by zero-field SR studies.
Finally, we present ab initio calculations based on the density-functional
theory which confirm the position of the muon stopping site inferred from
transverse-field SR. In view of the presented evidence we conclude that
the SR response of MnSi can be perfectly and fully understood without
invoking a hypothetical magnetic polaron state.Comment: 10 pages, 12 figure
Tuning the magnetic and structural phase transitions of PrFeAsO via Fe/Ru spin dilution
Neutron diffraction and muon spin relaxation measurements are used to obtain
a detailed phase diagram of Pr(Fe,Ru)AsO. The isoelectronic substitution of Ru
for Fe acts effectively as spin dilution, suppressing both the structural and
magnetic phase transitions. The temperature of the tetragonal-orthorhombic
structural phase transition decreases gradually as a function of x. Slightly
below the transition temperature coherent precessions of the muon spin are
observed corresponding to static magnetism, possibly reflecting a significant
magneto-elastic coupling in the FeAs layers. Short range order in both the Fe
and Pr moments persists for higher levels of x. The static magnetic moments
disappear at a concentration coincident with that expected for percolation of
the J1-J2 square lattice model
High pressure magnetic state of MnP probed by means of muon-spin rotation
We report a detailed SR study of the pressure evolution of the magnetic
order in the manganese based pnictide MnP, which has been recently found to
undergo a superconducting transition under pressure once the magnetic ground
state is suppressed. Using the muon as a volume sensitive local magnetic probe,
we identify a ferromagnetic state as well as two incommensurate helical states
(with propagation vectors aligned along the crystallographic and
directions, respectively) which transform into each other through first
order phase transitions as a function of pressure and temperature. Our data
appear to support that the magnetic state from which superconductivity develops
at higher pressures is an incommensurate helical phase.Comment: 11 pages, 9 figure
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