Modes of Foreign Entry under Asymmetric Information about Potential Technology Spillovers

This paper studies the effect of technology spillovers on the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. We find that with quantity competition a spillover makes acquisitions less attractive, while with price competition acquisitions become more attractive. Asymmetric information about potential spillovers always reduces the number of acquisitions independently of whether the host country or the entrant has private information. Interestingly, we find that asymmetric information always hurts the entrant, while it sometimes is in favor of the host country

The fate of Böhler's angle in conservatively-treated displaced intra-articular calcaneal fractures

Purpose: Although the predictive value of Böhler's angle on outcome remains subject of debate, the initial angle at the time of trauma still guides treatment. Changes in Böhler's angle during follow-up are frequently reported following surgical treatment of displaced intra-articular calcaneal fractures (DIACF). The aim of the present study was to determine the changes in Böhler's angle as a measure of secondary fracture displacement following conservative management of DIACF. Methods: Thirty-eight patients with a total of 44 displaced intra-articular calcaneal fractures treated conservatively with a minimum of two lateral radiographs during follow-up were analysed. Böhler's angle at different follow-up times was measured by three observers. The change in angle was compared with the angle at trauma, and influence of trauma mechanism and common calcaneal fracture classifications were determined. Results: The results showed a significant decline over time of the Böhler's angle in conservatively-treated patients of more than 11° on average at a mean follow-up of 29.2 weeks. This decrease was not related to gender, the initial angle, or the Essex-Lopresti or Sanders classification. A statistically significantly higher decrease was detected in high energetic trauma compared with low energetic trauma. Conclusion: The conservative treatment of displaced intra-articular calcaneal fractures is still a viable option, yet a significant secondary displacement in time should be taken into account, as reflected in a decrease of Böhler's angle of 11° up to one year following trauma

Losartan Decreases p42/44 MAPK Signaling and Preserves LZ+ MYPT1 Expression

Heart failure is associated with impairment in nitric oxide (NO) mediated vasodilatation, which has been demonstrated to result from a reduction in the relative expression of the leucine zipper positive (LZ+) isoform of the myosin targeting subunit (MYPT1) of myosin light chain phosphatase. Further, captopril preserves normal LZ+ MYPT1 expression, the sensitivity to cGMP-mediated vasodilatation and modulates the expression of genes in the p42/44 MAPK and p38 MAPK signaling cascades. This study tests whether angiotensin receptor blockade (ARB) with losartan decreases p42/44 MAPK or p38 MAPK signaling and preserves LZ+ MYPT1 expression in a rat infarct model of heart failure. In aortic smooth muscle, p42/44 MAPK activation increases and LZ+ MYPT1 expression falls after LAD ligation. Losartan treatment decreases the activation of p42/44 MAPK to the uninfarcted control level and preserves normal LZ+ MYPT1 expression. The expression and activation of p38 MAPK, however, is low and does not change following LAD ligation or with losartan therapy. These data suggest that either reducing or blocking the effects of circulating angiotensin II, both decreases the activation of the p42/44 MAPK signaling cascade and preserves LZ+ MYPT1 expression. Thus, the ability of ACE-inhibitors and ARBs to modulate the vascular phenotype, to preserve normal flow mediated vasodilatation may explain the beneficial effects of these drugs compared to other forms of afterload reduction in the treatment of heart failure

The impact of co-infections on fish: a review

International audienceAbstractCo-infections are very common in nature and occur when hosts are infected by two or more different pathogens either by simultaneous or secondary infections so that two or more infectious agents are active together in the same host. Co-infections have a fundamental effect and can alter the course and the severity of different fish diseases. However, co-infection effect has still received limited scrutiny in aquatic animals like fish and available data on this subject is still scarce. The susceptibility of fish to different pathogens could be changed during mixed infections causing the appearance of sudden fish outbreaks. In this review, we focus on the synergistic and antagonistic interactions occurring during co-infections by homologous or heterologous pathogens. We present a concise summary about the present knowledge regarding co-infections in fish. More research is needed to better understand the immune response of fish during mixed infections as these could have an important impact on the development of new strategies for disease control programs and vaccination in fish

Heavy and light roles: myosin in the morphogenesis of the heart

Myosin is an essential component of cardiac muscle, from the onset of cardiogenesis through to the adult heart. Although traditionally known for its role in energy transduction and force development, recent studies suggest that both myosin heavy-chain and myosin lightchain proteins are required for a correctly formed heart. Myosins are structural proteins that are not only expressed from early stages of heart development, but when mutated in humans they may give rise to congenital heart defects. This review will discuss the roles of myosin, specifically with regards to the developing heart. The expression of each myosin protein will be described, and the effects that altering expression has on the heart in embryogenesis in different animal models will be discussed. The human molecular genetics of the myosins will also be reviewed

Computation of metallic nanofluid natural convection in a two-dimensional solar enclosure with radiative heat transfer, aspect ratio and volume fraction effects

As a model of nanofluid direct absorber solar collectors (nano-DASCs), the present article describes recent numerical simulations of steady-state nanofluid natural convection in a two-dimensional enclosure. Incompressible laminar Newtonian viscous flow is considered with radiative heat transfer. The ANSYS FLUENT finite volume code (version 19.1) is employed. The enclosure has two adiabatic walls, one hot (solar receiving) and one colder wall. The Tiwari-Das volume fraction nanofluid model is used and three different nanoparticles are studied (Copper (Cu), Silver (Ag) and Titanium Oxide (TiO2)) with water as the base fluid. The solar radiative heat transfer is simulated with the P1 flux and Rosseland diffusion models. The influence of geometrical aspect ratio and solid volume fraction for nanofluids is also studied and a wider range is considered than in other studies. Mesh-independence tests are conducted. Validation with published studies from the literature is included for the copperwater nanofluid case. The P1 model is shown to more accurately predict the actual influence of solar radiative flux on thermal fluid behaviour compared with Rosseland radiative model. With increasing Rayleigh number (natural convection i.e. buoyancy effect), significant modification in the thermal flow characteristics is induced with emergence of a dual structure to the circulation. With increasing aspect ratio (wider base relative to height of the solar collector geometry) there is a greater thermal convection pattern around the whole geometry, higher temperatures and the elimination of the cold upper zone associated with lower aspect ratio. Titanium Oxide nano-particles achieve slightly higher Nusselt number at the hot wall compared with Silver nano-particles. Thermal performance can be optimized with careful selection of aspect ratio and nano-particles and this is very beneficial to solar collector designers

Effects Of Fish Density On Spread Of Infectious Hematopoietic Necrosis Virus (IHNV) In Rainbow Trout, Oncorhynchus Mykiss

Rainbow trout (Oncorhynchus mykiss) were held at one of seven densities (8, 4, 0.63, 0.31, 0.16, 0.08 or 0.012 fish per liter) and challenged to the infectious hematopoietic necrosis virus (IHNV) by cohabitation with a single presumably infected donor fish. The trout were exposed to the IHNV-infected fish for 11 days to determine the effect of density on occurrence, spread and prevalence of the disease. The host density and IHNV prevalence were positively associated (r2 = 0.89, regression analysis) with no occurrence of the virus at the two lowest densities (0.08 and 0.012 fish/l). Host density, therefore, is a key factor in determining the incidence and magnitude of IHNV infection