Azimuthal and polar anchoring energies of aligning layers structured by nonlinear laser lithography

In spite of the fact that there are different techniques in the creation of the high-quality liquid crystals (LCs) alignment by means of various surfaces, the azimuthal and polar anchoring energies as well as the pre-tilt angle are important parameters to all of them. Here, the modified by a certain manner aligning layers, previously formed by nonlinear laser lithography (NLL), having high-quality nano-periodic grooves on Ti surfaces, recently proposed for LC alignment was studied. The change of the scanning speed of NLL in the process of nano-structured Ti surfaces and their further modification by means of ITO-coating, and deposition of polyimide film has enabled different aligning layers, whose main characteristics, namely azimuthal and polar anchoring energies, were measured. For the modified aligning layers, the dependencies of the twist and pre-tilt angles for LC cells filled by nematic E7 ({\Delta}{\epsilon} > 0) and MLC-6609 ({\Delta}{\epsilon} < 0) were obtained. Also the contact angle for droplets of isotropic liquid (glycerol), and nematic LCs was measured for the various values of the scanning speed during the laser processing.Comment: 49 pages, 18 figure

Optical waveguides written deep inside silicon by Femtosecond Laser

[No abstract available

Femtosecond laser written waveguides deep inside silicon

Photonic devices that can guide, transfer, or modulate light are highly desired in electronics and integrated silicon (Si) photonics. Here, we demonstrate for the first time, to the best of our knowledge, the creation of optical waveguides deep inside Si using femtosecond pulses at a central wavelength of 1.5 μm. To this end, we use 350 fs long, 2 μJ pulses with a repetition rate of 250 kHz from an Er-doped fiber laser, which we focused inside Si to create permanent modifications of the crystal. The position of the beam is accurately controlled with pump-probe imaging during fabrication. Waveguides that were 5.5 mm in length and 20 μm in diameter were created by scanning the focal position along the beam propagation axis. The fabricated waveguides were characterized with a continuous-wave laser operating at 1.5 μm. The refractive index change inside the waveguide was measured with optical shadowgraphy, yielding a value of 6 × 10−4, and by direct light coupling and far-field imaging, yielding a value of 3.5 × 10−4. The formation mechanism of the modification is discussed. © 2017 Optical Society of America

The Effects of MiFID II on Sell-Side Analysts, Buy-Side Analysts, and Firms

This paper provides early but broad empirical evidence on a major new investor protection regulation in Europe, MiFID II, which requires investment firms to unbundle investment research from other costs they charge to clients. We predict that the price separation resulting from unbundling and a hard-dollar system leads to a shrinking of the market for sell-side investment research, manifested in lower quantity of sell-side coverage that is of higher quality than before the regulation. We test our predictions in difference-in-differences matched-sample research designs with firm fixed effects. We find a decrease in the number of sell-side analysts covering European firms after MiFID II implementation, particularly for firms that are less important to the sell-side. However, research quality improves; specifically, individual analyst forecasts are more accurate and stock recommendations garner greater market reactions. In addition, sell-side analysts seem to cater more to the buy-side after MiFID II by providing industry recommendations along with stock recommendations. Importantly, we predict and find evidence that buy-side investment firms turn to more in-house research after MiFID II implementation. Equally interesting, buy-side analysts increase their participation and engagement in earnings conference calls compared to the control group. Finally, we find some evidence that stock-market liquidity decreases post-MiFID II. Our findings have implications beyond Europe, as investors are currently pressuring the U.S. Securities and Exchange Commission to adopt a similar regulation