Revisiting Corporate Governance and Financial Risk-Taking

Corporate governance attributes have varying effects on risk taking when variables are examined separately. We study the effects of a large range of corporate governance attributes on risk taking using a comprehensive US sample. Our findings confirm that although there are certain characteristics that drive this positive effect such as compensation structure, there are those which have the opposite effect such as board-level attributes. Our paper contributes to the broader literature on the relationship between corporate governance and risk in financial institutions, which are often overlooked in traditional studies. We shed light on the importance of studying corporate governance at a granular level rather than using a single index. The findings offer insights to regulators in determining suitable corporate governance frameworks to ensure the protection of investors rights in financial institutions

Validity and reliability of a questionnaire for assessment of fatigue, health and social well-being in suburban bus drivers

Background and aims: Health, fatigue, and social well-being in suburban bus drivers are the most important factors of their function and frequency of car accidents and any disorder in this regard could lead to unpleasant outcomes for passengers and other people of society. Therefore, developing an instrument capable of identifying and expressing effective factors on this occupation well seems necessary. The present study was conducted to validate a questionnaire of fatigue, health, and social well-being in bus drivers. Methods: This cross-sectional study was conducted on 285 suburban bus drivers in Soffeh and Kaveh bus terminals of Isfahan, Iran. Simple random sampling was done. After the questionnaire was translated, its validity was assessed by a panel of experts, calculation of content validity ratio (CVR), content validity index (CVI), and exploratory factor analysis. The questionnaire’s reliability was assessed by test-retest and internal consistency and for this purpose, respectively; internal consistency coefficient (ICC) and Cronbach’s alpha were used. The collected data were analyzed with SPSS software. Results: In determining face validity, occupation control was deleted. Also, organizational support was deleted from organizational factors and assessed independently as “Employer’s support”. Mean CVI of the questionnaire was obtained 0.92 and in determining CVR, for most items the values higher than 0.65 were measured. Exploratory factor analysis with varimax rotation yielded three factors with Eigen value of higher than one as follows: Health, organizational factors, and fatigue. Cronbach’s alpha coefficient was obtained 0.882 for the whole questionnaire and total ICC was obtained 0.87. Conclusion: This study represented suitable evidence on strength of factor construct and instrument reliability and could be considered by researchers as a tool for research, training, and practical purposes in bus drivers

Efficacy of Probiotic Escherichia coli Nissle 1917 in Patients with Irritable Bowel Syndrome: a Double Blind Placebo-controlled Randomized Trial

AIM: to evaluate potential improvement effect for probiotic E. coliNissle 1917 in the management of refractory IBS in an Iranian population. METHODS: a double blind placebo controlled approach has been used in the current clinical trial. 139 confirmed IBS patients were included into the study, and were given probiotic E.coli Nissle 1917 for 6 weeks. 11 items Birmingham IBS Symptom Questionnairehas been used for evaluation of changes in the symptoms every 2 weeks. CONCLUSION: probiotic therapy with E.coli Nissle 1917 was not able to induce significant improvement in the symptoms of patients with non-categorized IBS. Nevertheless, when IBS patients were recategorized to subgroups according to their main symptoms, evaluation of the efficacy of the probiotic on some individual items in the symptom list reached the significance level. Prospective clinical trials are recommended to confirm our findings. RESULTS: sixty eight subjects (49) were males. Mean±SD age of the participants was 38±13.3 years. 49(35.3) of the patients were diarrhea-predominant. The total scores showed no significant difference between the intervention vs. control group(-6.7±6.8 vs. -6.7±6.5, respectively; p=0.95); neither did any of the questionnaire items any significant alterations in the two groups. After stratification of patients based on their IBS type, diarrhea-predominant patients showed a positive response to the probiotic improving their sleep (p=0.05 and 0.03 at weeks 2 and 6, respectively). Patients with constipation-predominant IBS showed no response to the probiotic; while patients with diarrhea-constipation mixed IBS showed unfavorable response to the probiotic in the need for strain to pass a motion compared to the placebo (p=0.03 and 0.02 at weeks 4 and 6, respectively)

Development and optimization of a new suspension system for lower limb prosthesis

The increasing rate of lower limb amputations reinforces the need to develop a new suspension system that provides a better quality of life for the lower limb amputees. This study aimed to present a novel suspension system that improves amputee’s satisfaction in terms of donning and doffing process of the prosthetic lower limb. The design of the proposed suspension system was developed following the design methodology, to establish the amputee’s needs, objectives, functions, requirements and specifications in order to op-timize the final solution. The final solution is a combination of a guiding and fixation mechanisms that improve the donning and doffing process by driv-ing the serrated pin to the fixation system. The proposed suspension system is a good alternative to improve the quality of life of amputees with lower activity level on the daily basis.(undefined

The Role of N-Acetylcysteine in Platelet Aggregation and Reperfusion Injury in Recent Years

Introduction: N-acetylcysteine (NAC) is an amino acid that contains a cysteine group and is currently used widely in various fields of medical research especially in cardiology. In this review, potential benefits of NAC in the aggregation of platelet and reperfusion injury are evaluated. Methods and Results: The available evidence was collected by searching Scopus, Pub-Med, Medline, Cochrane central register of controlled trials, and Cochrane database systematic reviews. Our searching was performed without time limitation and only English language articles were included in this review. Key words used as search terms included “N-acetylcysteine”, “platelet aggregation”, “reperfusion injury”. Over the past decade, several investigations were carried out to ascertain reperfusion injury and antiplatelet properties of NAC, and in this article the results of investigations in both models (human and animal) were addressed in details. The results revealed that NAC has an important antiplatelet property in animal models while this effect is not very significant in human models and needs more investigations. However, its reperfusion injury in both models is worth noticing. Conclusions: Due to the limited data about effectiveness of NAC in both human and animal as antiplatelet agent, more investigation is needed to evaluate NAC efficacy in platelet aggregation and reperfusion injury especially in human studies in the future

Persistence of investor sentiment and market mispricing

We investigate changes in US market sentiment using structural break analysis over a period of five decades. We show that investor sentiment was trending and nonstationary from 1965 to 2001, a period associated with numerous crashes. Since 2001, sentiment has been substantially more mean reverting, implying the diminished effect of noise investors and their associated mispricing. We illustrate how these changes in sentiment persistence affect equity anomalies and assess the predictive power of sentiment on short-run returns when regime changes are considered. Our findings suggest that the presence of sentiment-driven investors and their market impact is significantly time-variant

Nonisospectral integrable nonlinear equations with external potentials and their GBDT solutions

Auxiliary systems for matrix nonisospectral equations, including coupled NLS with external potential and KdV with variable coefficients, were introduced. Explicit solutions of nonisospectral equations were constructed using the GBDT version of the B\"acklund-Darboux transformation

Early Disruption of the Microbiome Leading to Decreased Antioxidant Capacity and Epigenetic Changes: Implications for the Rise in Autism

Currently, 1 out of every 59 children in the United States is diagnosed with autism. While initial research to find the possible causes for autism were mostly focused on the genome, more recent studies indicate a significant role for epigenetic regulation of gene expression and the microbiome. In this review article, we examine the connections between early disruption of the developing microbiome and gastrointestinal tract function, with particular regard to susceptibility to autism. The biological mechanisms that accompany individuals with autism are reviewed in this manuscript including immune system dysregulation, inflammation, oxidative stress, metabolic and methylation abnormalities as well as gastrointestinal distress. We propose that these autism-associated biological mechanisms may be caused and/or sustained by dysbiosis, an alteration to the composition of resident commensal communities relative to the community found in healthy individuals and its redox and epigenetic consequences, changes that in part can be due to early use and over-use of antibiotics across generations. Further studies are warranted to clarify the contribution of oxidative stress and gut microbiome in the pathophysiology of autism. A better understanding of the microbiome and gastrointestinal tract in relation to autism will provide promising new opportunities to develop novel treatment modalities

Reduction Operators of Linear Second-Order Parabolic Equations

The reduction operators, i.e., the operators of nonclassical (conditional) symmetry, of (1+1)-dimensional second order linear parabolic partial differential equations and all the possible reductions of these equations to ordinary differential ones are exhaustively described. This problem proves to be equivalent, in some sense, to solving the initial equations. The ``no-go'' result is extended to the investigation of point transformations (admissible transformations, equivalence transformations, Lie symmetries) and Lie reductions of the determining equations for the nonclassical symmetries. Transformations linearizing the determining equations are obtained in the general case and under different additional constraints. A nontrivial example illustrating applications of reduction operators to finding exact solutions of equations from the class under consideration is presented. An observed connection between reduction operators and Darboux transformations is discussed.Comment: 31 pages, minor misprints are correcte