Morphology and reactivity of size-selected titanium oxide nanoclusters on Au(111).

The morphology and reactivity of mass-selected titania clusters, Ti3O6 and Ti3O5, deposited onto Au(111) were studied by scanning tunneling microscopy and temperature programmed desorption. Despite differing by only one oxygen atom, the stoichiometric Ti3O6 and the sub-stoichiometric ("reduced") Ti3O5 clusters exhibit very different structures and preferred binding sites. The Ti3O6 clusters bind at step edges and form small assemblies (2-4 clusters) on Au terraces, while the "reduced" Ti3O5 clusters form much larger fractal-like assemblies that can extend across step boundaries. Annealing the Ti3O5,6/Au(111) systems to higher temperatures causes changes in the size-distributions of cluster assemblies, but does not lead to the formation of TiOx nanoislands for temperatures ≤700 K. Reactivity studies show that the reduced Ti3O5 cluster has higher activity than Ti3O6 for 2-propanol dehydration, although both clusters exhibit substantial activity for dehydrogenation to acetone. Calculations using DFT+U suggest that the differences in aggregate morphology and reactivity are associated with the number of undercoordinated Ti3c sites in the supported clusters

Pressure-resistant intermediate valence in Kondo insulator SmB6

Resonant x-ray emission spectroscopy (RXES) was used to determine the pressure dependence of the f-electron occupancy in the Kondo insulator SmB6. Applied pressure reduces the f-occupancy, but surprisingly, the material maintains a significant divalent character up to a pressure of at least 35 GPa. Thus, the closure of the resistive activation energy gap and onset of magnetic order are not driven by stabilization of an integer valent state. Over the entire pressure range, the material maintains a remarkably stable intermediate valence that can in principle support a nontrivial band structure

The role of financial institutions in the corporate governance of listed Chinese companies

This paper explores the role of Chinese financial institutions in corporate governance of listed companies through interviews with both senior managers of financial institutions and directors of listed companies. Our results show that while most securities companies are passive investors, a good proportion of the active mutual funds help their portfolio companies prepare financial forecasts, standardise their operations, raise external funds and strengthen their company image in the capital markets. This limited role can be attributed to a number of factors specific to the Chinese context including highly concentrated state ownership, an immature regulatory environment, inadequate transparency and disclosure of financial information, and weak corporate governance within financial institutions themselves. It could also be affected by several other factors that are considered to cause institutional passivity in developed countries such as conflict of interest, monitoring costs, and lack of expertise