The Solar-Type Contact Binary BX Pegasi Revisited

We present the results of new CCD photometry for the contact binary BX Peg, made during three successive months beginning on September 2008. As do historical light curves, our observations display an O'Connell effect and the November data by themselves indicate clear evidence for very short-time brightness disturbance. For these variations, model spots are applied separately to the two data set of Group I (Sep.--Oct.) and Group II (Nov.). The former is described by a single cool spot on the secondary photosphere and the latter by a two-spot model with a cool spot on the cool star and a hot one on either star. These are generalized manifestations of the magnetic activity of the binary system. Twenty light-curve timings calculated from Wilson-Devinney code were used for a period study, together with all other minimum epochs. The complex period changes of BX Peg can be sorted into a secular period decrease caused dominantly by angular momentum loss due to magnetic stellar wind braking, a light-travel-time (LTT) effect due to the orbit of a low-mass third companion, and a previously unknown short-term oscillation. This last period modulation could be produced either by a second LTT orbit with a period of about 16 yr due to the existence of a fourth body or by the effect of magnetic activity with a cycle length of about 12 yr.Comment: 23 pages, including 6 figures and 8 tables, accepted for publication in PAS

The Effect Of IFRS Non-Audit Consulting Services On Cost Of Debt: Evidence From Korea

Korean listed firms have been required to disclose their financial statements based on the International Financial Reporting Standards (IFRS) since 2011. Using pre- and post-IFRS reporting periods, we investigate the relation between IFRS non-audit consulting services provided by incumbent auditor and the cost of debt of its client for firms in the Korean Stock Market. We find evidence that IFRS non-audit consulting services are related to the decrease in cost of debt only during the post-IFRS period. In particular, receiving non-audit consulting services is positively associated with a client’s bond credit rating and negatively associated with interest rate. The result generally holds when we use alternative proxies of IFRS non-audit consulting services. Finally, our results are robust to potential endogeneity issues in selecting non-audit services

The Light and Period Variations of the Eclipsing Binary BX Draconis

New CCD photometric observations of BX Dra were obtained for 26 nights from 2009 April to 2010 June. The long-term photometric behaviors of the system are presented from detailed studies of the period and light variations, based on the historical data and our new observations. All available light curves display total eclipses at secondary minima and inverse O'Connell effects with Max I fainter than Max II, which are satisfactorily modeled by adding the slightly time-varying hot spot on the primary star. A total of 87 times of minimum light spanning over about 74 yrs, including our 22 timing measurements, were used for ephemeris computations. Detailed analysis of the O-C diagram showed that the orbital period has changed in combinations with an upward parabola and a sinusoidal variation. The continuous period increase with a rate of +5.65 \times 10^-7 d yr^-1 is consistent with that calculated from the Wilson-Devinney synthesis code. It can be interpreted as a mass transfer from the secondary to the primary star at a rate of 2.74 \times 10^-7 M\odot yr^-1, which is one of the largest rates for contact systems. The most likely explanation of the sinusoidal variation with a period of 30.2 yrs and a semi-amplitude of 0.0062 d is a light-traveltime effect due to the existence of a circumbinary object. We suggest that BX Dra is probably a triple system, consisting of a primary star with a spectral type of F0, its secondary component of spectral type F1-2, and an unseen circumbinary object with a minimum mass of M3 = 0.23 M\odot.Comment: 24 pages, including 5 figures and 9 tables, accepted for publication in PAS

Physical Properties of the Transiting Planetary System TrES-3

We present four new transits of the planetary system TrES-3 observed between 2009 May and 2010 June. Among these, the third transit by itself indicates possible evidence for brightness disturbance, which might be the result of the planet blocking a cool starspot on the stellar surface. A total of 109 transit times, including our measurements, were used to determine the improved ephemeris with a transit epoch of 2454185.910944$\pm$0.000072 HJED and an orbital period of 1.30618700$\pm$0.00000015 d. We analyzed the transit light curves using the JKTEBOP code and adopting the quadratic limb-darkening law. In order to derive the physical properties of the TrES-3 system, the transit parameters are combined with the empirical relations from eclipsing binary stars and stellar evolutionary models. The stellar mass and radius obtained from a calibration using $T_A$, log $\rho_{\rm A}$ and [Fe/H] are consistent with those from the isochrone analysis. We found that the exoplanet TrES-3b has a mass of 1.93$\pm$0.07 M$_{\rm Jup}$, a radius of 1.30$\pm$0.04 R$_{\rm Jup}$, a surface gravity of log $g_{\rm b}$=3.45$\pm$0.02, a density of 0.82$\pm$0.06 $\rho_{\rm Jup}$, and an equilibrium temperature of 1641$\pm$23 K. The results are in good agreement with theoretical models for gas giant planets.Comment: 15 pages, including 4 figures and 4 tables, accepted for publication in PAS

The Light and Period Variations of the Eclipsing Binary AA Ursae Majoris

We present new multiband CCD photometry for AA UMa made on 8 nights between January and March 2009; the $R$ light curves are the first ever compiled. Historical light curves, as well as ours, display partial eclipses and inverse O'Connell effects with Max I fainter than Max II. Among possible spot models, a cool spot on either of the component stars and its variability with time permit good light-curve representations for the system. A total of 194 eclipse timings over 81 yrs, including our five timings, were used for ephemeris computations. We found that the orbital period of the system has varied due to a periodic oscillation overlaid on an upward parabolic variation. The continuous period increase at a fractional rate of $+$1.3$\times$10$^{-10}$ is consistent with that calculated from the W-D code and can be interpreted as a thermal mass transfer from the less to the more massive secondary star at a rate of 6.6$\times$10$^{-8}$ M$_\odot$ yr$^{-1}$. The periodic component is in satisfactory accord with a light-time effect due to an unseen companion with a period of 28.2 yrs, a semi-amplitude of 0.007 d, and a minimum mass of $M_3 \sin i_3$=0.25 $M_\odot$ but this period variation could also arise from magnetic activity.Comment: 23 pages, including 5 figures and 8 tables, accepted for publication in PAS