Capital Structure Decisions: Which Factors are Reliably Important?

This paper examines the relative importance of many factors in the capital structure decisions of publicly traded American firms from 1950 to 2003. The most reliable factors for explaining market leverage are: median industry leverage (+ effect on leverage), market-to-book assets ratio (−), tangibility (+), profits (−), log of assets (+), and expected inflation (+). In addition, we find that dividend-paying firms tend to have lower leverage. When considering book leverage, somewhat similar effects are found. However, for book leverage, the impact of firm size, the market-to-book ratio, and the effect of inflation are not reliable. The empirical evidence seems reasonably consistent with some versions of the trade-off theory of capital structure.Capital structure; Pecking order; Tradeoff theory; market timing; multiple imputation.

Cloning and characterisation of the rad9 DNA repair gene from Schizosaccharomyces pombe

The rad9.192 DNA repair mutant from the fission yeast, Schizosaccharomyces pombe, is sensitive to both UV and ionising radiation. The rad9 gene has been cloned by complementation of the gamma-ray sensitivity of the mutant cell line. A 4.3kb HindIII fragment was found to confer resistance to both types of radiation. The region of complementation was further localised to a 2.6kb HindIII-EcoRV fragment, which, by DNA sequence analysis, was found to contain sequences capable of coding for a 427 amino acid protein, if three introns were postulated to remove stop codons. The introns were confirmed by sequence analysis of cDNA clones and PCR products derived from cDNA. The product of transcription is a 1.6kb mRNA of low abundance. The putative rad9 protein shows no homology to any published sequence. A truncated protein is capable of complementing the radiation sensitivity of the rad9.192 mutant. Deletion of the gene is not lethal and the null allele has a similar phenotype to the rad9.192 mutant

`Similar' coordinate systems and the Roche geometry. Application

A new equivalence relation, named relation of 'similarity' is defined and applied in the restricted three-body problem. Using this relation, a new class of trajectories (named 'similar' trajectories) are obtained; they have the theoretical role to give us new details in the restricted three-body problem. The 'similar' coordinate systems allow us in addition to obtain a unitary and an elegant demonstration of some analytical relations in the Roche geometry. As an example, some analytical relations published in Astrophysical Journal by Seidov in 2004 are demonstrated.Comment: 9 pages (preprint format), 9 figures, published in Astrophysics and Space Scienc

Around 200 new X-ray binary IDs from 13 years of Chandra observations of the M31 center

We have created 0.3--10 keV, 13 year, unabsorbed luminosity lightcurves for 528 X-ray sources in the central 20' of M31. We have 174 Chandra observations spaced at ~1 month intervals thanks to our transient monitoring program, deeper observations of the M31 nucleus, and some public data from other surveys. We created 0.5--4.5 keV structure functions (SFs) for each source, for comparison with the ensemble structure function of AGN. We find 220 X-ray sources with luminosities > ~1E+35 erg/s that have SFs with significantly more variability than the ensemble AGN SF, and are likely X-ray binaries (XBs). A further 30 X-ray sources were identified as XBs using other methods. We therefore have 250 probable XBs in total, including ~200 new identifications. This result represents great progress over the ~50 XBs and ~40 XB candidates previously identified out of the ~2000 X-ray sources within the D_25 region of M31; it also demonstrates the power of SF analysis for identifying XBs in external galaxies. We also identify a new transient black hole candidate, associated with the M31 globular cluster B128.Comment: Accepted for publication in ApJ; 20 pages, 7 figures; Tables 1 and 2 continue after the references (8 pages

Tree of Life Synagogue Shooting in Pittsburgh: Preparedness, Prehospital Care, and Lessons Learned

On Saturday, October 27, 2018, a man with anti-Semitic motivations entered Tree of Life synagogue in the Squirrel Hill section of Pittsburgh, Pennsylvania; he had an AR-15 semi-automatic rifle and three handguns, opening fire upon worshippers. Eventually 11 civilians died at the scene and eight people sustained non-fatal injuries, including five police officers. Each person injured but alive at the scene received care at one of three local level-one trauma centers.  The injured had wounds often seen in war-settings, with the signature of high velocity weaponry.  We describe the scene response, specific elements of our hospital plans, the overall out-of-hospital preparedness in Pittsburgh, and the lessons learned

Furnishing the Galaxy with Pulsars

The majority of pulsar population synthesis studies performed to date have focused on isolated pulsar evolution. Those that have incorporated pulsar evolution within binary systems have tended to either treat binary evolution poorly of evolve the pulsar population in an ad-hoc manner. Here we present the first model of the Galactic field pulsar population that includes a comprehensive treatment of both binary and pulsar evolution. Synthetic observational surveys mimicking a variety of radio telescopes are then performed on this population. As such, a complete and direct comparison of model data with observations of the pulsar population within the Galactic disk is now possible. The tool used for completing this work is a code comprised of three components: stellar/binary evolution, Galactic kinematics and survey selection effects. Here we give a brief overview of the method and assumptions involved with each component. Some preliminary results are also presented as well as plans for future applications of the code.Comment: 3 pages, 3 figures, Conference: "40 years of pulsars: Millisecond pulsars, magnetars and more", McGill University, Montreal, Canada, ed. A.Cumming et al., AI

Evolutionary conservation of excision repair in Schizosaccharomyces pombe: Evidence for a family of sequences related to the Saccharomyces cerevisiae RAD2 gene

Cells mutated at the rad13 locus in the fission yeast, Schizosaccharomyces pombe are deficient in excision-repair of UV damage. We have cloned the S.pombe rad13 gene by its ability to complement the UV sensitivity of a rad13 mutant. The gene is not essential for cell proliferation. Sequence analysis of the cloned gene revealed an open reading-frame of 1113 amino acids with structural homology to the RAD2 gene of the distantly related Saccharomyces cerevisiae. The sequence similarity is confined to three domains, two close to the N-terminus of the encoded protein, the third being close to the C-terminus. The central region of about 500 amino acids shows little similarity between the two organisms. The first and third domains are also found in a related yet distinct pair of homologous S.pombe/S.cerevisiae DNA repair genes (rad2/YKL510), which have only a very short region between these two conserved domains. Using the polymerase chain reaction with degenerate primers, we have isolated fragments from a gene homologous to rad13/RAD2 from Aspergillus nidulans. These findings define new functional domains involved in excision-repair, as well as identifying a conserved family of genes related to RAD2

Dynamic scaling of fronts in the quantum XX chain

The dynamics of the transverse magnetization in the zero-temperature XX chain is studied with emphasis on fronts emerging from steplike initial magnetization profiles. The fronts move with fixed velocity and display a staircase like internal structure whose dynamic scaling is explored both analytically and numerically. The front region is found to spread with time sub-diffusively with the height and the width of the staircase steps scaling as t^(-1/3) and t^1/3, respectively. The areas under the steps are independent of time, thus the magnetization relaxes in quantized "steps" of spin-flips.Comment: 4 pages, 3 eps figures, RevTe

Cloning and characterisation of the S.pombe rad15 gene, a homologue to the S.cerevisiae RAD3 and human ERCC2 genes

The RAD3 gene of Saccharomyces cerevisiae encodes an ATP-dependent 5' - 3' DNA helicase, which is involved in excision repair of ultraviolet radiation damage. By hybridisation of a Schizosaccharomyces pombe genomic library with a RAD3 gene probe we have isolated the S.pombe homologue of RAD3. We have also cloned the rad15 gene of S.pombe by complementation of radiation-sensitive phenotype of the rad15 mutant. Comparison of the restriction map and DNA sequence, shows that the S.pombe rad15 gene is identical to the gene homologous to S.cerevisiae RAD3, identified by hybridisation. The S.pombe rad15.P mutant is highly sensitive to UV radiation, but only slightly sensitive to ionising radiation, as expected for a mutant defective in excision repair. DNA sequence analysis of the rad15 gene indicates an open reading frame of 772 amino acids, and this is consistent with a transcript size of 2.6kb as detected by Northern analysis. The predicted rad15 protein has 65% identity to RAD3 and 55% identity to the human homologue ERCC2. This homology is particularly striking in the regions identified as being conserved in a group of DNA helicases. Gene deletion experiments indicate that, like the S.cerevisiae RAD3 gene, the S.pombe rad15 gene is essential for viability, suggesting that the protein product has a role in cell proliferation and not solely in DNA repair