Value relevance of accounting information in the pre- and post-IFRS accounting periods

This paper examines the value relevance of accounting information in the pre- and post-periods of International Financial Reporting Standards implementation using the models of Easton and Harris (1991) and Feltham and Ohlson (1995) for a sample of Greek companies. The results of the paper indicate that the effects of the IFRS reduced the incremental information content of book values of equity for stock prices. However, earnings’ incremental information content increased for the post-IFRS period. The results can be explained by the introduction of the fair value principle under the IFRS that brought major changes in book value but not in earnings.peer-reviewe

The Cauchy problem for a class of two-dimensional nonlocal nonlinear wave equations governing anti-plane shear motions in elastic materials

This paper is concerned with the analysis of the Cauchy problem of a general class of two-dimensional nonlinear nonlocal wave equations governing anti-plane shear motions in nonlocal elasticity. The nonlocal nature of the problem is reflected by a convolution integral in the space variables. The Fourier transform of the convolution kernel is nonnegative and satisfies a certain growth condition at infinity. For initial data in $L^{2}$ Sobolev spaces, conditions for global existence or finite time blow-up of the solutions of the Cauchy problem are established.Comment: 15 pages. "Section 6 The Anisotropic Case" added and minor changes. Accepted for publication in Nonlinearit

Nanoscale processes during the interaction of aluminosilicate and carbonate mineral surfaces with acid mine drainage (AMD)

Depto. de Mineralogía y PetrologíaFac. de Ciencias GeológicasTRUEpu

In search of the origins and enduring impact of agile software development

The Agile Manifesto is a philosophical touchpoint for all agile software development (ASD) methods. We examine the manifesto and some of its associated agile methods in an effort to identify the major impacts of ASD. We have encountered some difficulty in delineating agile and non-agile software processes, which is partially the result of terminological confusion. It is clear from the volume of published research that ASD has made a significant contribution, and we have identified two lasting and important impacts. Firstly, the reduction in iteration durations and secondly, the push for reduced levels of documentation (especially in relation to software requirements). Other aspects of the Agile Manifesto may not have exerted a significant impact; for example, the use of tooling to automate processes has become central to continuous software engineering (CSE) and may not be wholly congruent with the manifesto. Furthermore, many organisations may still rely on business contracts despite calls in the manifesto for greater levels of informal customer collaboration

Product selling vs. pay-per-use service: a strategic analysis of competing business models

We present a model that suggests possible explanations for the observed proliferation of “pay-per-use" (PPU) business models over the last two decades. Delivering “fractions" of a product as a service offers a cost advantage to customers with lower usage but requires extra delivery costs. Previous research focused on information goods (with negligible production costs) and predicted that PPU, when arising as a differentiation to selling in equilibrium, fundamentally achieves lower profits than selling. We extend the theory by covering goods with any production cost, in duopolistic competition. We show that PPU business models can be more profitable than selling (especially at mid-range production costs), as long as their delivery costs are not too high, a requirement that is more easily fulfilled as new technologies reduce these costs. Moreover, if firms are imperfectly informed about their customers' usage profiles, PPU's effective pricing of customers' varying usage offers an additional advantage over selling. This requires companies to employ accounting methods that do not inappropriately allocate production costs over stochastic usage levels. If PPU service provision suffers from queueing inefficiencies, this does not fundamentally change the relative profitability of the PPU and selling models, provided that PPU providers can attract sufficiently high demand to benefit from pooling economies

Tear fluid biomarkers in ocular and systemic disease: potential use for predictive, preventive and personalised medicine

In the field of predictive, preventive and personalised medicine, researchers are keen to identify novel and reliable ways to predict and diagnose disease, as well as to monitor patient response to therapeutic agents. In the last decade alone, the sensitivity of profiling technologies has undergone huge improvements in detection sensitivity, thus allowing quantification of minute samples, for example body fluids that were previously difficult to assay. As a consequence, there has been a huge increase in tear fluid investigation, predominantly in the field of ocular surface disease. As tears are a more accessible and less complex body fluid (than serum or plasma) and sampling is much less invasive, research is starting to focus on how disease processes affect the proteomic, lipidomic and metabolomic composition of the tear film. By determining compositional changes to tear profiles, crucial pathways in disease progression may be identified, allowing for more predictive and personalised therapy of the individual. This article will provide an overview of the various putative tear fluid biomarkers that have been identified to date, ranging from ocular surface disease and retinopathies to cancer and multiple sclerosis. Putative tear fluid biomarkers of ocular disorders, as well as the more recent field of systemic disease biomarkers, will be shown

The evolution problem for the 1D nonlocal Fisher-KPP equation with a top hat kernel. Part 1. The Cauchy problem on the real line

We study the Cauchy problem on the real line for the nonlocal Fisher-KPP equation in one spatial dimension, $$u_t = D u_{xx} + u(1-\phi*u),$$ where $\phi*u$ is a spatial convolution with the top hat kernel, $\phi(y) \equiv H\left(\frac{1}{4}-y^2\right)$. After showing that the problem is globally well-posed, we demonstrate that positive, spatially-periodic solutions bifurcate from the spatially-uniform steady state solution $u=1$ as the diffusivity, $D$, decreases through $\Delta_1 \approx 0.00297$. We explicitly construct these spatially-periodic solutions as uniformly-valid asymptotic approximations for $D \ll 1$, over one wavelength, via the method of matched asymptotic expansions. These consist, at leading order, of regularly-spaced, compactly-supported regions with width of $O(1)$ where $u=O(1)$, separated by regions where $u$ is exponentially small at leading order as $D \to 0^+$. From numerical solutions, we find that for $D \geq \Delta_1$, permanent form travelling waves, with minimum wavespeed, $2 \sqrt{D}$, are generated, whilst for $0 < D < \Delta_1$, the wavefronts generated separate the regions where $u=0$ from a region where a steady periodic solution is created. The structure of these transitional travelling waves is examined in some detail

Discovering Software Process Deviations Using Visualizations

Peer reviewe

Robust Device-to-Device 5G cellular communication in the post-disaster scenario

The wireless communication is an integral part of the society, however, wireless network infrastructure may not fully function during post-disaster wireless network scenario in which we need wireless services even more than normal circumstances. In such post-disaster scenarios, the base stations (BS) could possibly be dysfunctional or overloaded by an excessive number of user calls or data, whereas user terminals are likely to be partially connected to or fully isolated from the BS radio signals. In this paper, we study the network behavior during the post-disaster when BSs undergo the thinning process due to the damage to the network infrastructure. During network recovery phase, we also study the network performance when new temporary BSs are distributed which will bring the network into BS superposition phase. Furthermore, Device-to-Device (D2D) assisted cellular communication helps to increase the link level network connectivity which is highly appreciated during postdisaster network scenario because the network coverage is more desirable than the network throughout in such cases. We also present the analytical study of D2D and cellular communication and show that it will effectively increase the network coverage which may ultimately save many lives during the golden hours of post-disaster phase

Intellectual Property, Open Science and Research Biobanks

In biomedical research and translational medicine, the ancient war between exclusivity (private control over information) and access to information is proposing again on a new battlefield: research biobanks. The latter are becoming increasingly important (one of the ten ideas changing the world, according to Time magazine) since they allow to collect, store and distribute in a secure and professional way a critical mass of human biological samples for research purposes. Tissues and related data are fundamental for the development of the biomedical research and the emerging field of translational medicine: they represent the “raw material” for every kind of biomedical study. For this reason, it is crucial to understand the boundaries of Intellectual Property (IP) in this prickly context. In fact, both data sharing and collaborative research have become an imperative in contemporary open science, whose development depends inextricably on: the opportunities to access and use data, the possibility of sharing practices between communities, the cross-checking of information and results and, chiefly, interactions with experts in different fields of knowledge. Data sharing allows both to spread the costs of analytical results that researchers cannot achieve working individually and, if properly managed, to avoid the duplication of research. These advantages are crucial: access to a common pool of pre-competitive data and the possibility to endorse follow-on research projects are fundamental for the progress of biomedicine. This is why the "open movement" is also spreading in the biobank's field. After an overview of the complex interactions among the different stakeholders involved in the process of information and data production, as well as of the main obstacles to the promotion of data sharing (i.e., the appropriability of biological samples and information, the privacy of participants, the lack of interoperability), we will firstly clarify some blurring in language, in particular concerning concepts often mixed up, such as “open source” and “open access”. The aim is to understand whether and to what extent we can apply these concepts to the biomedical field. Afterwards, adopting a comparative perspective, we will analyze the main features of the open models – in particular, the Open Research Data model – which have been proposed in literature for the promotion of data sharing in the field of research biobanks. After such an analysis, we will suggest some recommendations in order to rebalance the clash between exclusivity - the paradigm characterizing the evolution of intellectual property over the last three centuries - and the actual needs for access to knowledge. We argue that the key factor in this balance may come from the right interaction between IP, social norms and contracts. In particular, we need to combine the incentives and the reward mechanisms characterizing scientific communities with data sharing imperative