Bank partnership and liquidity crisis

This study empirically investigates the relationship between banking integration and liquidity management. To measure banks’ connectivity, we use the number of partnerships proxied via the syndicated loan arrangements in which they serve as lead arrangers. If banks establish more business partnerships through syndicated loan arrangements, those under market stress are more likely to face increased funding costs, create reduced liquidity, and originate declined small business loans and mortgages. Those banks with more partners are shown to have a lower liquidity coverage ratio, suggesting that business partnerships create a disincentive toward liquidity risk management

A Mathematically Generated Noise Technique for Ultrasound Systems

Ultrasound systems have been widely used for consultation; however, they are susceptible to cyberattacks. Such ultrasound systems use random bits to protect patient information, which is vital to the stability of information-protecting systems used in ultrasound machines. The stability of the random bit must satisfy its unpredictability. To create a random bit, noise generated in hardware is typically used; however, extracting sufficient noise from systems is challenging when resources are limited. There are various methods for generating noises but most of these studies are based on hardware. Compared with hardware-based methods, software-based methods can be easily accessed by the software developer; therefore, we applied a mathematically generated noise function to generate random bits for ultrasound systems. Herein, we compared the performance of random bits using a newly proposed mathematical function and using the frequency of the central processing unit of the hardware. Random bits are generated using a raw bitmap image measuring 1000 × 663 bytes. The generated random bit analyzes the sampling data in generation time units as time-series data and then verifies the mean, median, and mode. To further apply the random bit in an ultrasound system, the image is randomized by applying exclusive mixing to a 1000 × 663 ultrasound phantom image; subsequently, the comparison and analysis of statistical data processing using hardware noise and the proposed algorithm were provided. The peak signal-to-noise ratio and mean square error of the images are compared to evaluate their quality. As a result of the test, the min entropy estimate (estimated value) was 7.156616/8 bit in the proposed study, which indicated a performance superior to that of GetSystemTime. These results show that the proposed algorithm outperforms the conventional method used in ultrasound systems

Development of Public Key Cryptographic Algorithm Using Matrix Pattern for Tele-Ultrasound Applications

A novel public key cryptographic algorithm using a matrix pattern is developed to improve encrypting strength. Compared to the Rivest–Sharmir–Adleman (RSA) and Elliptic Curve Cryptography (ECC) algorithms, our proposed algorithm has superior encrypting strength due to several unknown quantities and one additional sub-equation during the encrypting process. Our proposed algorithm also provides a faster encoding/decoding speed when the patient’s images for tele-ultrasound applications are transmitted/received, compared to the RSA and ECC encrypting algorithms, because it encodes/decodes the plain memory block by simple addition and multiplication operations of n terms. However, the RSA and ECC algorithms encode/decode each memory block using complex mathematical exponentiation and congruence. To implement encrypting algorithms for tele-ultrasound applications, a streaming server was constructed to transmit the images to the systems using ultrasound machines. Using the obtained ultrasound images from a breast phantom, we compared our developed algorithm, utilizing a matrix pattern, with the RSA and ECC algorithms. The elapsed average time for our proposed algorithm is much faster than that for the RSA and ECC algorithms

R&D Investment Decisions in Business Groups: Evidence from a Natural Experiment

Research Question/Issue: This paper examines R&amp;D investment decisions in firms under a pyramidal ownership structure in the context of South Korea. Research Findings/Insights: Using the Monopoly Regulation and Fair Trade Act, which places limits on group affiliates' equity investments, we provide new evidence that controlling owners tend to increase long-term R&amp;D expenditures more in firms that are largely subject to the equity investment regulation in South Korea. Moreover, this result is more significant for firms for which the owners have low cash-flow rights, firms located in the lower layers of the pyramid, and firms that hold less equity shares than do other group affiliates. Theoretical/Academic Implications: This study contributes to the literature that focuses on R&amp;D investment decisions by providing empirical support regarding how firms' relative status within their business group influences the firms' R&amp;D investment decisions in South Korea. Practitioner/Policy Implications: This study provides important insight into the positive policy implications of the equity investment regulation on R&amp;D investments for Korean business groups.</p

Is there an association between vitamin D deficiency and adenotonsillar hypertrophy in children with sleep-disordered breathing?

Abstract Background Low vitamin D levels have been linked to the risk of sleep-disordered breathing (SDB) in children. Although adenotonsillar hypertrophy (ATH) is the major contributor to childhood SDB, the relationship between ATH and serum vitamin D is uncertain. We therefore investigated the relationship between vitamin D levels and associated factors in children with ATH. Methods We reviewed data from all children with SDB symptoms who were treated from December 2013 to February 2014. Of these, 88 children whose serum vitamin D levels were measured were enrolled in the study. We divided the children into four groups based on adenoidal and/or tonsillar hypertrophy. We conducted a retrospective chart review to analyze demographic data, the sizes of tonsils and adenoids, serum 25-hydroxy-vitamin D [25(OH)D] level, body mass index (BMI), and allergen sensitization patterns. Results Children in the ATH group had a lower mean 25(OH)D level than did those in the control group (p < 0.05). Children with vitamin D deficiencies exhibited markedly higher frequencies of adenoidal and/or tonsillar hypertrophy than did those with sufficient vitamin D (p < 0.05). Spearman’s correlation analysis identified an inverse correlation between serum 25(OH)D levels and age, tonsil and adenoid size, and height (all p < 0.05). In a multiple regression analysis, tonsil and adenoid size as well as BMI-z score, were associated with 25(OH)D levels after controlling for age, sex, height, and mite sensitization (p < 0.05). Conclusions Our results suggest that low vitamin D levels are linked to ATH. Both the sizes of the adenoids and tonsils and the BMI-z score were associated with the 25(OH)D level. Therefore, measurement of the serum 25(OH)D level should be considered in children with ATH and SDB symptoms

Rational Design of Fluorescent/Colorimetric Chemosensors for Detecting Transition Metal Ions by Varying Functional Groups

In recent decades, concerns about increasing biological and environmental contamination have necessitated the development of chemosensors with high selectivity, sensitivity, and cost-effectiveness. In principle, the sensing performance can be affected by the functional group(s) of receptor, the charge of the metal ion(s), and the electron configuration of the sensing molecule(s)e and metal ion(s). Fine controlling of the substituents can influence the electron density of the receptor to enhance the binding affinity to metal ions, which is an effective way to improve the photophysical properties of the sensors. This review explores the effect of functional group modification on the performance of various chemosensors represented by Pt(dithiolene)-based complexes (2012&ndash;2021). Then, recently developed Schiff base chemosensors (2014&ndash;2021) are discussed. The Schiff base is a good platform for controlling electron configuration due to a facile synthesis of various organic structures (aldehyde or ketone groups with primary amine derivatives). The discussion focuses on the detection type, physicochemical and optical properties, and applications of these chemosensors