Do CEOs Ever Lose? Fairness Perspective on the Allocation of Residuals Between CEOs and Shareholders

In this study we introduce a justice perspective to examining the result of bargaining between CEOs and boards over the allocation of firm residuals that ultimately determines CEO compensation. Framing CEO pay as the result of bargaining between CEOs and boards focuses attention on the power of CEOs to increase their share of firm residuals in the form of increased compensation, and the diligence of boards of directors to constrain CEO opportunism. Framing this negotiation through a theory of justice offers an alternative perspective to the search for pay-performance sensitivity. We predict and find that as board diligence in controlling opportunism declines and CEO power increases, CEOs are increasingly able to capture a larger portion of firm residuals relative to shareholders. This finding supports critics who charge that CEO pay violates norms of distributive and procedural justice

Numerical Solutions for a Model of Tissue Invasion and Migration of Tumour Cells

The goal of this paper is to construct a new algorithm for the numerical simulations of the evolution of tumour invasion and metastasis. By means of mathematical model equations and their numerical solutions we investigate how cancer cells can produce and secrete matrix degradative enzymes, degrade extracellular matrix, and invade due to diffusion and haptotactic migration. For the numerical simulations of the interactions between the tumour cells and the surrounding tissue, we apply numerical approximations, which are spectrally accurate and based on small amounts of grid-points. Our numerical experiments illustrate the metastatic ability of tumour cells

Spin- and time-resolved photoemission studies of thin Co2FeSi Heusler alloy films

We have studied the possibly half metallic Co2FeSi full Heusler alloy by means of spin- and time-resolved photoemission spectroscopy. For excitation, the second and fourth harmonic of femtosecond Ti:sapphire lasers were used, with photon energies of 3.1 eV and 5.9 eV, respectively. We compare the dependence of the measured surface spin polarization on the particular photoemission mechanism, i.e. 1-photon-photoemission (1PPE) or 2-photon photoemission (2PPE). The observed differences in the spin polarization can be explained by a spin-dependent lifetime effect occurring in the 2-photon absorption process. The difference in escape depth of the two methods in this context suggests that the observed reduction of spin polarization (compared to the bulk) cannot be attributed just to the outermost surface layer but takes place at least 4-6 nm away from the surface.Comment: 7 pages, 3 figures; submitted to Journal of Magnetism and Magnetic Material

Topological Entropy of Braids on the Torus

A fast method is presented for computing the topological entropy of braids on the torus. This work is motivated by the need to analyze large braids when studying two-dimensional flows via the braiding of a large number of particle trajectories. Our approach is a generalization of Moussafir's technique for braids on the sphere. Previous methods for computing topological entropies include the Bestvina--Handel train-track algorithm and matrix representations of the braid group. However, the Bestvina--Handel algorithm quickly becomes computationally intractable for large braid words, and matrix methods give only lower bounds, which are often poor for large braids. Our method is computationally fast and appears to give exponential convergence towards the exact entropy. As an illustration we apply our approach to the braiding of both periodic and aperiodic trajectories in the sine flow. The efficiency of the method allows us to explore how much extra information about flow entropy is encoded in the braid as the number of trajectories becomes large.Comment: 19 pages, 44 figures. SIAM journal styl

Temperature-Dependent Polarized Raman Spectra of CaFe2O4

The Raman spectra of CaFe2O4 were measured with several exact scattering configurations between 20 and 520K and the symmetry of all observed Raman lines was determined. The Ag and B2g lines were assigned to definite phonon modes by comparison to the results of lattice dynamical calculations. No anomaly of phonon parameters was observed near the magnetic ordering temperature TN = 160K.Comment: 4 pages, 1 table, 4 figure

PD pattern recognition using ANFIS

An application of an adaptive neuro-fuzzy inference system (ANFIS) has been investigated for partial discharge (PD) pattern recognition. The proposed classifier was used to discriminate between PD patterns occurring in internal voids. Three different void shapes were considered in this work, namely flat, square and narrow. Initially, the input feature vector used for classification was based on 15 statistical parameters. The discrimination capabilities of each feature were assessed by applying discriminant analysis. This analysis suggested that some of the features possess much higher discriminatory power than the others. As a result, a simplified classifier with reduced feature vector has been obtained. The results demonstrate the importance in identifying and removing redundancy in the input feature vector for reliable PD identification