5 research outputs found
What Do the Markets Say? Shareholder Wealth Effects of the XBRL Mandate
We investigate the market reaction to legislative events pertaining to the eXtensible Business Reporting Language (XBRL) mandate. The SEC contends that requiring issuers to adopt XBRL for filing their financial statements would reduce information processing costs and improve market efficiency. In contrast, skeptics argue that the mandatory adoption of XBRL would impose substantial costs while providing few, if any, benefits to investors. Using stock returns from countries that did not mandate the adoption of XBRL to model normal U.S. returns, we provide evidence of a positive market reaction to legislative events related to the XBRL mandate. Moreover, we find that the abnormal returns to these events are increasing for firms with less accessible information, higher information asymmetry, greater information processing costs, and lower financial reporting transparency. Overall, our results suggest an
expected net benefit to shareholders from the XBRL mandate
Versatile Boron Carbide-Based Energetic Time Delay Compositions
Pyrotechnic time delay compositions
composed of boron carbide,
sodium periodate, and polytetrafluoroethylene have been developed
for use in the U.S. Army hand-held signal. The new compositions were
developed to replace the currently used composition that contains
potassium perchlorate and barium chromate, chemicals that are facing
increasing regulatory scrutiny. Static tests in aluminum hand-held
signal delay housings demonstrated a wide range of available inverse
burning rates (1.3–20.8 s/cm), which includes the 7–8.5
s/cm range required for hand-held signals. The roles of loading pressure,
mixture stoichiometry, and component particle size are described herein
Prototype Scale Development of an Environmentally Benign Yellow Smoke Hand-Held Signal Formulation Based on Solvent Yellow 33
We report herein the development
of an environmentally benign yellow
smoke formulation aimed to replace the environmentally hazardous mixture
currently specified for the U.S. Army’s M194 yellow smoke hand-held
signal. Static ignition test measurements have identified a replacement
candidate that generates a robust fountain of yellow smoke, burning
for 15 s from a consolidated cardboard tube configuration. This new
formulation meets the burn time parameters outlined in the military
requirement and is composed entirely of dry, powdered, solid ingredients
without the need for solvent-based binders. In addition, this formulation
was found to have relatively low sensitivity to impact, friction,
and electrostatic discharge
Additional file 9: Figure S5. of Deep targeted sequencing of 12 breast cancer susceptibility regions in 4611 women across four different ethnicities
MAF distribution for SNVs in the 1000 Genomes Project but not in this study. (DOCX 49 kb