High Scale Boundary Conditions in Models with Two Higgs Doublets

We investigate high scale boundary conditions on the quartic Higgs-couplings and their $\beta$-functions in the Type-II Two Higgs Doublet Model and the Inert Doublet Model. These conditions are associated with two possible UV physics scenarios: the Multiple Point Principle, in which the potential exhibits a second minimum at $M_{Pl}$, and Asymptotic Safety, where the scalar couplings run towards an interacting UV fixed point at high scales. We employ renormalisation group running at two-loops and apply theoretical and experimental constraints to their parameter spaces. We find neither model can simultaneously accommodate the MPP whilst also providing realistic masses for both the Higgs and the top quark. However, we do find regions of parameter space compatible with Asymptotic Safety.Comment: 25 pages, 13 figures (25 plots); v3: version accepted for publicatio

The Costs, Wealth Effects, and Determinants of International Capital Raising: Evidence from Public Yankee Bonds

This paper examines the costs, wealth effects, and determinants of international capital raising for a sample of 260 public debt issues made by non-U.S. firms in the U.S. (Yankee) market. We find that investors demand economically significant premiums on bonds issued by firms that are located in countries that do not protect investors' rights and do not have a prior history of on-going disclosure. The results provide support for the literature that suggests better legal protections and more detailed information disclosure increases the price investors will pay for financial assets. We also find that the average stock price reaction to Yankee bond offerings is significantly positive and that abnormal returns are largest for first-time Yankee bond issuers. In addition, we show that foreign firms tend to issue in the Yankee market when the relative interest cost is low, indicating that potential differences in borrowing costs influence where firms choose to sell bonds.http://deepblue.lib.umich.edu/bitstream/2027.42/39829/3/wp445.pd

The Costs, Wealth Effects, and Determinants of International Capital Raising: Evidence from Public Yankee Bonds

This paper examines the costs, wealth effects, and determinants of international capital raising for a sample of 260 public debt issues made by non-U.S. firms in the U.S. (Yankee) market. We find that investors demand economically significant premiums on bonds issued by firms that are located in countries that do not protect investors' rights and do not have a prior history of on-going disclosure. The results provide support for the literature that suggests better legal protections and more detailed information disclosure increases the price investors will pay for financial assets. We also find that the average stock price reaction to Yankee bond offerings is significantly positive and that abnormal returns are largest for first-time Yankee bond issuers. In addition, we show that foreign firms tend to issue in the Yankee market when the relative interest cost is low, indicating that potential differences in borrowing costs influence where firms choose to sell bonds.Banking and Finance, Yankee bonds, International Capital Raising

Security fungibility and the cost of capital: evidence from global bonds

This paper examines the potential benefits of security fungibility by conducting the first comprehensive analysis of Global bonds. Unlike other debt securities, Global bonds’ fungibility allows them to be placed simultaneously in bond markets around the world; they trade, clear and settle efficiently within as well as across markets. We test the impact of issuing these securities on firms’ cost of capital, issuing costs, liquidity and shareholder wealth. Using a sample of 230 Global bond issues by 94 companies from the U.S. and abroad over the period 1996-2003, we find that firms are able to lower their cost of (debt) capital by issuing these fungible securities. We also document that the stock price reaction to the announcement of Global bond issuance is positive and significant, while comparable domestic and Eurobond issues over the same time period are associated with insignificant changes in shareholder wealth. JEL Classification: F3, G1, G3cost of capital, Global bonds, international capital raising, security fungibility

Next-to-leading order predictions for WW+jet production

In this work we report on a next-to-leading order calculation of WW + jet production at hadron colliders, with subsequent leptonic decays of the W-bosons included. The calculation of the one-loop contributions is performed using generalized unitarity methods in order to derive analytic expressions for the relevant amplitudes. These amplitudes have been implemented in the parton-level Monte Carlo generator MCFM, which we use to provide a complete next-to-leading order calculation. Predictions for total cross-sections, as well as differential distributions for several key observables, are computed both for the LHC operating at 14 TeV as well as for a possible future 100 TeV proton-proton collider.Comment: 14 pages, 7 figures; v2: several references added, 2 typos corrected. Corresponds to published journal versio

Design of a Recreational Fishing Survey and Mark-Recapture Study for the Blue Crab, Callinectes sapidus, in Chesapeake Bay

The development of bay wide estimates of recreational harvest has been identified as a high priority by the Chesapeake Bay Scientific Advisory Committee (CBSAC) and by the Chesapeake Bay Program as reflected in the Chesapeake Bay Blue Crab Fishery Management Plan (Chesapeake Bay Program 1996). In addition, the BiState Blue Crab Commission (BBCAC), formed in 1996 by mandate from the legislatures of Maryland and Virginia to advise on crab management, has also recognized the importance of estimating the levels and trends in catches in the recreational fishery. Recently, the BBCAC has adopted limit and target biological reference points. These analyses have been predicated on assumptions regarding the relative magnitude of the recreational and commercial catch. The reference points depend on determination of the total number of crabs removed from the population. In essence, the number removed by the various fishery sectors, represents a minimum estimate of the population size. If a major fishery sector is not represented, the total population will be accordingly underestimated. If the relative contribution of the unrepresented sector is constant over time and harvests the same components of the population as the other sectors, it may be argued that the population estimate derived from the other sectors is biased but still adequately represents trends in population size over time. If either of the two constraints mentioned above is not met, the validity of relative trends over time is suspect. With the recent increases in the human population in the Chesapeake Bay watershed, there is reason to be concerned that the recreational catch may not have been a constant proportion of the total harvest over time. It is important to assess the catch characteristics and the magnitude of the recreational fishery to evaluate this potential bias. (PDF contains 70 pages

NASA's rotorcraft icing research program

The objective of the NASA aircraft icing research program is to develop and make available icing technology to support the needs and requirements of industry for all weather aircraft designs. While a majority of the technology being developed is viewed to be generic (i.e., appropriate to all vehicle classes), vehicle specific emphasis is being placed on the helicopter due to its unique icing problems. In particular, some of the considerations for rotorcraft icing are indicated. The NASA icing research program emphasizes technology development in two key areas: ice protection concepts and icing simulation (analytical and experimental). The NASA research efforts related to rotorcraft icing in these two technology areas will be reviewed

Homogeneous CO Hydrogenation: Ligand Effects on the Lewis Acid-Assisted Reductive Coupling of Carbon Monoxide

Structure-function studies on the role of pendent Lewis acids in the reductive coupling of CO are reported. Cationic rhenium carbonyl complexes containing zero, one, or two phosphinoborane ligands (Ph_2P(CH_2)_nB(C_8H_(14)), n=1-3) react with the nucleophilic hydride [HPt(dmpe)_2]^+ to reduce [M-CO]^+ to M-CHO; this step is relatively insensitive to the Lewis acid, as both pendent (internal) and external boranes of appropriate acid strength can be used. In contrast, whether a second hydride transfer and C-C bond forming steps occur depends strongly on the number of carbon atoms between P and B in the phosphinoborane ligands, as well as the number of pendent acids in the complex: shorter linker chain lengths favor such reductive coupling, whereas longer chains and external boranes are ineffective. A number of different species containing partially reduced CO groups, whose exact structures vary considerably with the nature and number of phosphinoborane ligands, have been crystallographically characterized. The reaction of [(Ph -2P(CH_2)_2B(C_8H_(14)))_2Re(CO)4]^+ with [HPt(dmpe)_2]^+ takes place via a “hydride shuttle” mechanism, in which hydride is transferred from Pt to a pendent borane and thence to CO, rather than by direct hydride attack at CO. Addition of a second hydride in C_6D_5Cl at -40 ºC affords an unusual anionic bis(carbene) complex, which converts to a C-C bonded product on warming. These results support a working model for Lewis acid-assisted reductive coupling of CO, in which B (pendent or external) shuttles hydride from Pt to coordinated CO, followed by formation of an intramolecular B-O bond, which facilitates reductive coupling