Acquiring Capacity and Acquiring Behavior of Chinese Firms

China\u27s short stock market history has already seen three merger waves, yet little is known of the performance drivers of acquirers. Using an acquirer\u27s announced target value as the proxy of the firm\u27s acquiring capacity, the link between that and its operational and/or financial conditions was investigated. Cash reserve ratio was significant in determining capacity: a firm with a higher cash ratio will, on average, take a larger target firm in both absolute value and relative measure. A larger acquirer size is associated with a larger takeover size, but a lesser target ratio is relative to the size of the acquirer. Firms\u27 debt and profitability ratios do not explain the target size

Compound Control of Electromagnetic Linear Actuator Based on Fuzzy Switching

Due to the motion control system of electromagnetic linear actuator (EMLA) is a nonlinear system with poor controllability, single control strategy has been difficult to meet the requirements of its control. A compound control strategy based on inverse system control (ISC) and proportional-integral (PI) is designed in this paper. Switching between two algorithms, which is based on the fuzzy rules, prevents the control algorithm to jitter and jump. System model is build under Matlab/Simulink to do simulation analysis. The designed controller is integrated into the system simulation model and the system software of digital signal processor (DSP) controller. Simulation and test results show that the compound control strategy using fuzzy switching rules achieves the smooth transition of two control algorithms, and the goal of any position location, and continuous adjustment in 0~4mm lift. Positioning accuracy is up to ± 0.02mm, while the response time is less than 10ms

Group Delay Manipulation in a Passive Microwave-Photonic Fiber Optic Mach–zehnder Interferometer

Conventional slow and fast light (SFL) systems are based on active or nonlinear media or photonic band-gap systems. Radiofrequency (RF) interferometric systems were recently explored for sustaining fast and slow light, owing to their simple structures and passive operation. This Letter introduces a simple, effective, and efficient SFL system based on a linear and passive microwave-photonic (MWP) fiber optic Mach–Zehnder interferometer (MZI). By optically tuning the light transmission ratio of the two fiber beams of the MZI (i.e., the optical carrier), we demonstrate that both delay and advancement of a RF signal (i.e., the envelope signal) can be realized. The magnitude of the signal group delay can also be adjusted using the optical tuning method. Therefore, high-degree manipulation of signal group delay can be achieved using the proposed MWP fiber optic MZI system

RNase P Ribozymes Inhibit the Replication of Human Cytomegalovirus by Targeting Essential Viral Capsid Proteins.

An engineered RNase P-based ribozyme variant, which was generated using the in vitro selection procedure, was used to target the overlapping mRNA region of two proteins essential for human cytomegalovirus (HCMV) replication: capsid assembly protein (AP) and protease (PR). In vitro studies showed that the generated variant, V718-A, cleaved the target AP mRNA sequence efficiently and its activity was about 60-fold higher than that of wild type ribozyme M1-A. Furthermore, we observed a reduction of 98%-99% in AP/PR expression and an inhibition of 50,000 fold in viral growth in cells with V718-A, while a 75% reduction in AP/PR expression and a 500-fold inhibition in viral growth was found in cells with M1-A. Examination of the antiviral effects of the generated ribozyme on the HCMV replication cycle suggested that viral DNA encapsidation was inhibited and as a consequence, viral capsid assembly was blocked when the expression of AP and PR was inhibited by the ribozyme. Thus, our study indicates that the generated ribozyme variant is highly effective in inhibiting HCMV gene expression and blocking viral replication, and suggests that engineered RNase P ribozyme can be potentially developed as a promising gene-targeting agent for anti-HCMV therapy