Cross correlations of Frank sequences and Chu Sequences.

Sets of Frank sequences and Chu sequences are two classes of polyphase sequence with ideal periodic autocorrelation functions, which at the same time have optimum crosscorrelation functions. The authors consider the crosscorrelations of sets of combined Frank/Chu sequences, which contain a larger number of sequences than either of the two constituent sets. It is shown analytically that the crosscorrelations are similar to those of the original sets with one exception, while the autocorrelations remain perfectly impulsiv

Do External Auditors Perform a Corporate Governance Role in Emerging Markets? Evidence from East Asia

In emerging markets, the concentration of corporate ownership has created agency conflicts between controlling owners and minority shareholders. Conventional corporate control mechanisms such as boards of directors and takeovers are typically weak in containing the agency problem. This study examines whether external independent auditors could be employed as monitors and as bonding mechanisms to alleviate the agency conflict. Using a broad sample of firms from eight East Asian economies, we document that firms are more likely to employ Big Five auditors when they are more subject to the agency problem imbedded in their ultimate ownership structure. One possible reason that this documented relation between auditor choice and the agency problem is more evident than the inconsistent results using U.S. and U.K. data is that alternative governance mechanisms are limited in East Asia. In addition, among East Asian auditees subject to the agency problem, Big Five auditors charge a higher fee and set a lower audit modification threshold while non-Big Five auditors do not. Taken together, the evidence suggests that Big Five auditors in emerging markets do have a corporate governance role.http://deepblue.lib.umich.edu/bitstream/2027.42/39784/3/wp400.pd

Adaptive Optimal Scaling of Metropolis-Hastings Algorithms Using the Robbins-Monro Process

We present an adaptive method for the automatic scaling of Random-Walk Metropolis-Hastings algorithms, which quickly and robustly identifies the scaling factor that yields a specified overall sampler acceptance probability. Our method relies on the use of the Robbins-Monro search process, whose performance is determined by an unknown steplength constant. We give a very simple estimator of this constant for proposal distributions that are univariate or multivariate normal, together with a sampling algorithm for automating the method. The effectiveness of the algorithm is demonstrated with both simulated and real data examples. This approach could be implemented as a useful component in more complex adaptive Markov chain Monte Carlo algorithms, or as part of automated software packages

Generalized pairwise z-complementary codes

An approach to generate generalized pairwise Z-complementary (GPZ) codes, which works in pairs in order to offer a zero correlation zone (ZCZ) in the vicinity of zero phase shift and fit extremely well in power efficient quadrature carrier modems, is introduced in this letter. Each GPZ code has MK sequences, each of length 4NK, whereMis the number of Z-complementary mates, K is a factor to perform Walsh–Hadamard expansions, and N is the sequence length of the Z-complementary code. The proposed GPZ codes include the generalized pairwise complementary (GPC)codes as special cases

A two component jet model for the X-ray afterglow flat segment in short GRB 051221A

In the double neutron star merger or neutron star-black hole merger model for short GRBs, the outflow launched might be mildly magnetized and neutron rich. The magnetized neutron-rich outflow will be accelerated by the magnetic and thermal pressure and may form a two component jet finally, as suggested by Vlahakis, Peng & K\"{o}nigl (2003). We show in this work that such a two component jet model could well reproduce the multi-wavelength afterglow lightcurves, in particular the X-ray flat segment, of short GRB 051221A. In this model, the central engine need not to be active much longer than the prompt $\gamma-$ray emission.Comment: 11 pages, 2 figure; Accepted for publication by ApJ