Multipoint contact without forbearance? How coverage synergies shape equity analysts’ forecasting performance

Research Summary: Scholars regularly use multipoint contact (MPC) to explain how encountering rivals in different domains shapes performance. While most explanations rely on mutual forbearance theory, I propose that competitive deterrence does not adequately explain how MPC shapes performance in knowledge intensive work and argue instead that cross‐domain synergies may play a central role. I examine how security analysts’ MPC with publicly traded firms captures synergies in their coverage portfolio, which improves forecasting accuracy and information leadership. The advantages of greater MPC for a focal analyst are counterbalanced by rivals’ observational learning, which reduces the focal analyst’s forecasting differentiation. A natural experiment helps corroborate my argument: rival analysts’ forecasting accuracy dropped for firms in which high MPC analysts perished in the terrorist attack on September 11, 2001.Managerial Summary: Competition in the knowledge economy often unfolds across multiple domains including product markets, geographic locations, and customer segments. In these settings, an actor’s level of multipoint contact (MPC) in a domain captures the knowledge and other synergies available to the focal actor, which can improve performance in the domain. In the equity research setting, an analyst’s MPC on a focal firm captures the likelihood that the analyst also covers that firm’s suppliers, customers and important competitors. Using data on analysts’ forecasting performance between 2001 and 2013, I find that greater levels of MPC on a focal firm predicts greater forecasting accuracy and information leadership but also lowers forecasting differentiation by attracting rivals who observe and benefit from the focal analyst’s knowledge.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/162688/2/smj3188_am.pdfhttp://deepblue.lib.umich.edu/bitstream/2027.42/162688/1/smj3188.pd

Numerical validation of the incremental launching method of a steel bridge through a small-scale experimental study

The final publication is available at Springer via http://dx.doi.org/10.1007/s40799-016-0037-5 This article presents an experimental and a numerical study of an incremental launching process of a steel bridge. The former is deployed in a scale-reduced laboratory,whereas the latter is performed using the finite elementmethod. The numerical simulation is based upon realistic transient boundary conditions and accurately reproduces the elastic response of the steel bridge during launching. This numerical approach is validated experimentally with the scale-reduced test performed at the laboratory. The properly validated numerical model is subsequently systematically employed as a simulation tool of the process. The proposed simulation protocol might be useful for design and monitoring purposes of steel bridges to be launched. Results concerning strains, stresses, and displacements might be inferred from the model and thus compared to field measurements obtained in situ. The conditions presented at the end of the article are potentially useful for researchers and practice engineers alike

Characterization of non-intentional emissions from distributed energy resources up to 500 kHz: A case study in Spain

Narrow Band Power Line Communications (NB-PLC) systems are currently used for smart metering and power quality monitoring as a part of the Smart Grid (SG) concept. However, non-intentional emissions generated by the devices connected to the grid may sometimes disturb the communications and isolate metering equipment. Though some research works have been recently developed to characterize these emissions, most of them have been limited to frequencies below 150 kHz and they are mainly focused on in-house electronic appliances and lightning devices. As NB-PLC can also be allocated in higher frequencies up to 500 kHz, there is still a lack of analysis in this frequency range, especially for emissions from Distributed Energy Resources (DERs). The identification and characterization of the emissions is essential to develop solutions that avoid a negative impact on the proper performance of NB-PLC. In this work, the non-intentional emissions of different types of DERs composing a representative microgrid have been measured in the 35–500 kHz frequency range and analyzed both in time and frequency domains. Different working conditions and coupling and commutation procedures to mains are considered in the analysis. Results are then compared to the limits recommended by regulatory bodies for spurious emissions from communication systems in this frequency band, as no specific limits for DERs have been established. Field measurements show clear differences in the characteristics of non-intentional emissions for different devices, working conditions and coupling procedures and for frequencies below and above 150 kHz. Results of this study demonstrate that a further characterization of the potential emissions from the different types of DERs connected to the grid is required in order to guarantee current and future applications based on NB-PLC.This work has been financially supported in part by the Basque Government (Elkartek program)

Exploring the Effect of Mindset on Project Manager Wellbeing

The wellbeing of Project Professionals (PPs) has been sparsely addressed despite some indications of being below the norm compared to non-project workers. This research highlights the need to provide PPs with tools that support their wellbeing and focus on their challenges. It explores the links between Growth Mindset (GM) and wellbeing (WB) for PPs and the factors they consider as having an impact on their wellbeing. Data was collected through an online survey from PPs in the UK but included non-PPs. The wellbeing scores of PPs were slightly significantly higher than the non-PPs, while their scores on GM were significantly lower. Challenges addressed by GM such as dealing with uncertainty, persistence in the face of setbacks and keeping a disposition to learn were not recognised by PPs as factors that affect their wellbeing. An intervention based on GM theory is not deemed to improve PPs’ WB. GM is not significantly related to the wellbeing of the PPs; however, work balance and work relationships are reported as the main factors influencing their wellbeing

Reconstitution of T cell receptor signaling in ZAP-70-deficient cells by retroviral transduction of the ZAP-70 gene.

A variant of severe combined immunodeficiency syndrome (SCID) with a selective inability to produce CD8 single positive T cells and a signal transduction defect in peripheral CD4+ cells has recently been shown to be the result of mutations in the ZAP-70 gene. T cell receptor (TCR) signaling requires the association of the ZAP-70 protein tyrosine kinase with the TCR complex. Human T cell leukemia virus type I-transformed CD4+ T cell lines were established from ZAP-70-deficient patients and normal controls. ZAP-70 was expressed and appropriately phosphorylated in normal T cell lines after TCR engagement, but was not detected in T cell lines from ZAP-70-deficient patients. To determine whether signaling could be reconstituted, wild-type ZAP-70 was introduced into deficient cells with a ZAP-70 retroviral vector. High titer producer clones expressing ZAP-70 were generated in the Gibbon ape leukemia virus packaging line PG13. After transduction, ZAP-70 was detected at levels equivalent to those observed in normal cells, and was appropriately phosphorylated on tyrosine after receptor engagement. The kinase activity of ZAP-70 in the reconstituted cells was also appropriately upregulated by receptor aggregation. Moreover, normal and transduced cells, but not ZAP-70-deficient cells, were able to mobilize calcium after receptor ligation, indicating that proximal TCR signaling was reconstituted. These results indicate that this form of SCID may be corrected by gene therapy