3,320 research outputs found

    Tracing sediment transport and bed regime in Nha Trang Bay

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    Three spatial structure groups of radionuclides in U and Th series, 210Pb-excess and 137Cs, and 40K were found based on analyzing temporal and spatial datum of their content by factor analysis with oblique rotation in Nhatrang bay. U and Th spatial structure with their contours decreased toward the offshore, ran longshore and divided seawater of bay into two parts with strong gradient on both sides. Inside part located from center of Nhatrang bay toward the seashore with three main deposit centers of their contents higher than 23 Bq/kg.dry for 238U and 40 Bq/kg.dry for 232Th, indicated unstability of shoreline. Almost sediments coming from river extended toward the offshore, were stopped and transported toward southeastern. The outside part was less than above mentioned content. The boundary line between two parts superposed with the constantly limit line of turbid plume in the rainy season. Direct influence of the continental runoff was limited by the 9 Bq/kg.dry contour of 238U, 19 Bq/kg.dry contour of 232Th. Longshore current was a predominant process whereas lateral transport as sifting and winnowing process of finer grains in sediments of Nhatrang bay. Areas that had very low content of 137Cs and 210 Pb-excess adjoining shoreline showed areas being eroded. Accumulation of 137Cs and 210 Pbexcess nearby river mouth characterized for fine compositions of sediments controlled by seasonal plumes and sites further toward the south indicated finer materials transported from river and accumulated in lack of hydrodynamic process. Near shore accumulation of 40K revealed the sediments there originated from bed erosion

    Tournament-Based Incentives and Mergers and Acquisitions

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    This research examines the relation between tournament-based incentives, which are proxied by the difference between a firm’s CEO pay and the median pay of the senior managers, and mergers and acquisitions (M&As). We find that tournament-based incentives are positively related to firm acquisitiveness and acquiring firms’ stock and operating performance. Further analysis indicates that positive acquisition performance increases the likelihood of the CEO being promoted from inside the acquiring firm. Our evidence is consistent with the view that tournament-based incentives motivate acquiring firms’ managers to make greater efforts and take more risk that result in superior acquisition performance

    Accounting-based variables as an early warning indicator of financial distress in crisis and non-crisis periods

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    Financial integration in the Association of Southeast Asian Nations (ASEAN) region is a key focus of the ASEAN Economic Community. Whereas many studies focus on modelling corporate default, this paper identifies early warning indicators of financial distress before a default, using multiple discriminant analysis (MDA) models with a sample of listed and delisted companies in the ASEAN region. The analysis examines 720 companies in 10 different industries across six ASEAN countries from 1997 to 2016. The study constructs individual models for each country as well as an overall model for the entire region, using both in-sample and out-of-sample approaches. This overall model could be useful for an integrated banking system. To ensure robustness, the study also separately examines the predictive performance of the MDA models across different economic crises: the Asian financial crisis (AFC) from 1997 to 2000, the global financial crisis (GFC) from 2007 to 2009 and their pre- and post-crisis periods. We find that profitability ratios are the best indicators of financial distress in the ASEAN region, followed by liquidity and leverage ratios. In addition, our findings reveal common indicators that can be used to predict financial distress across ASEAN countries. The single model performs reasonably well in predicting financial distress 1 year ahead. In addition, the model is extended to incorporate a market-based indicator into the MDA models, the distance to default. However, the inclusion of this indicator does not significantly improve the accuracy of the models in predicting financial distress at listed firms in the ASEAN region

    The evolution operator of the Hartree-type equation with a quadratic potential

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    Based on the ideology of the Maslov's complex germ theory, a method has been developed for finding an exact solution of the Cauchy problem for a Hartree-type equation with a quadratic potential in the class of semiclassically concentrated functions. The nonlinear evolution operator has been obtained in explicit form in the class of semiclassically concentrated functions. Parametric families of symmetry operators have been found for the Hartree-type equation. With the help of symmetry operators, families of exact solutions of the equation have been constructed. Exact expressions are obtained for the quasi-energies and their respective states. The Aharonov-Anandan geometric phases are found in explicit form for the quasi-energy states.Comment: 23 pege

    Synthesis of Single Phase Hg-1223 High Tc Superconducting Films With Multistep Electrolytic Process

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    We report the multistep electrolytic process for the synthesis of high Tc single phase HgBa2Ca2Cu3O8+ (Hg-1223) superconducting films. The process includes : i) deposition of BaCaCu precursor alloy, ii) oxidation of BaCaCu films, iii) electrolytic intercalation of Hg in precursor BaCaCuO films and iv) electrochemical oxidation and annealing of Hg-intercalated BaCaCuO films to convert into Hg1Ba2Ca2Cu3O8+ (Hg-1223). Films were characterized by thermo-gravimetric analysis (TGA) and differential thermal analysis (DTA), X-ray diffraction (XRD) and scanning electron microscopy (SEM). The electrolytic intercalation of Hg in BaCaCuO precursor is proved to be a novel alternative to high temperature-high pressure mercuration process. The films are single phase Hg-1223 with Tc = 121.5 K and Jc = 4.3 x 104 A/cm2.Comment: 17 Pages, 10 Figures. Submitted to Superconductor Science and Technolog
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