11,223 research outputs found

    Numerical program for analysis of three-dimensional supersonic exhaust flow fields (CHAR 3D)

    Get PDF
    Choice of reference plane orientation depends on specific nozzle geometry, with different configurations requiring different reference plane systems. In addition, for given configuration several reference systems may be used in different regions of flow field, so each system is locally aligned with flow

    Quieting the Sharholders\u27 Voice: Empirical Evidence of Pervasive Bundling in Proxy Solicitations

    Get PDF
    The integrity of shareholder voting is critical to the legitimacy of corporate law. One threat to this process is proxy “bundling,” or the joinder of more than one separate item into a single proxy proposal. Bundling deprives shareholders of the right to convey their views on each separate matter being put to a vote and forces them to either reject the entire proposal or approve items they might not otherwise want implemented. In this Paper, we provide the first comprehensive evaluation of the anti-bundling rules adopted by the Securities and Exchange Commission (“SEC”) in 1992. While we find that the courts have carefully developed a framework for the proper scope and application of the rules, the SEC and proxy advisory firms have been less vigilant in defending this instrumental shareholder right. In particular, we note that the most recent SEC interpretive guidance has undercut the effectiveness of the existing rules, and that, surprisingly, proxy advisory firms do not have well-defined heuristics to discourage bundling. Building on the theoretical framework, this Article provides the first large-scale empirical study of bundling of management proposals. We develop four possible definitions of impermissible bundling and, utilizing a data set of over 1,300 management proposals, show that the frequency of bundling in our sample ranges from 6.2 percent to 28.8 percent (depending on which of the four bundling definitions is used). It is apparent that bundling occurs far more frequently than indicated by prior studies. We further examine our data to report the items that are most frequently bundled and to analyze the proxy advisors’ recommendations and the voting patterns associated with bundled proposals. This Article concludes with important implications for the SEC, proxy advisors, and institutional investors as to how each party can more effectively deter impermissible bundling and thus better protect the shareholder franchise

    A first order Tsallis theory

    Full text link
    We investigate first-order approximations to both i) Tsallis' entropy SqS_q and ii) the SqS_q-MaxEnt solution (called q-exponential functions eqe_q). It is shown that the functions arising from the procedure ii) are the MaxEnt solutions to the entropy emerging from i). The present treatment is free of the poles that, for classic quadratic Hamiltonians, appear in Tsallis' approach, as demonstrated in [Europhysics Letters {\bf 104}, (2013), 60003]. Additionally, we show that our treatment is compatible with extant date on the ozone layer.Comment: 4 figures adde

    Interplay of disorder and geometrical frustration in doped Gadolinium Gallium Garnet

    Get PDF
    The geometrically-frustrated, triangular antiferromagnet GGG exhibits a rich mix of short-range order and isolated quantum states. We investigate the effects of up to 1% Neodymium substitution for Gallium on the ac magnetic response at temperatures below 1 K in both the linear and nonlinear regimes. Substitutional disorder actually drives the system towards a more perfectly frustrated state, apparently compensating for the effect of imperfect Gadolinium/Gallium stoichiometry, while at the same time more closely demarcating the boundaries of isolated, coherent clusters composed of hundreds of spins. Optical measurements of the local Nd environment substantiate the picture of an increased frustration index with doping.Comment: 5 pages, 5 figure

    Backscattering Differential Ghost Imaging in Turbid Media

    Full text link
    In this Letter we present experimental results concerning the retrieval of images of absorbing objects immersed in turbid media via differential ghost imaging (DGI) in a backscattering configuration. The method has been applied, for the first time to our knowledge, to the imaging of small thin black objects located at different depths inside a turbid solution of polystyrene nanospheres and its performances assessed via comparison with standard imaging techniques. A simple theoretical model capable of describing the basic optics of DGI in turbid media is proposed.Comment: 5 pages, 6 figure
    • …
    corecore