The Solar-Type Contact Binary BX Pegasi Revisited

We present the results of new CCD photometry for the contact binary BX Peg, made during three successive months beginning on September 2008. As do historical light curves, our observations display an O'Connell effect and the November data by themselves indicate clear evidence for very short-time brightness disturbance. For these variations, model spots are applied separately to the two data set of Group I (Sep.--Oct.) and Group II (Nov.). The former is described by a single cool spot on the secondary photosphere and the latter by a two-spot model with a cool spot on the cool star and a hot one on either star. These are generalized manifestations of the magnetic activity of the binary system. Twenty light-curve timings calculated from Wilson-Devinney code were used for a period study, together with all other minimum epochs. The complex period changes of BX Peg can be sorted into a secular period decrease caused dominantly by angular momentum loss due to magnetic stellar wind braking, a light-travel-time (LTT) effect due to the orbit of a low-mass third companion, and a previously unknown short-term oscillation. This last period modulation could be produced either by a second LTT orbit with a period of about 16 yr due to the existence of a fourth body or by the effect of magnetic activity with a cycle length of about 12 yr.Comment: 23 pages, including 6 figures and 8 tables, accepted for publication in PAS

Physical Properties of the Transiting Planetary System TrES-3

We present four new transits of the planetary system TrES-3 observed between 2009 May and 2010 June. Among these, the third transit by itself indicates possible evidence for brightness disturbance, which might be the result of the planet blocking a cool starspot on the stellar surface. A total of 109 transit times, including our measurements, were used to determine the improved ephemeris with a transit epoch of 2454185.910944$\pm$0.000072 HJED and an orbital period of 1.30618700$\pm$0.00000015 d. We analyzed the transit light curves using the JKTEBOP code and adopting the quadratic limb-darkening law. In order to derive the physical properties of the TrES-3 system, the transit parameters are combined with the empirical relations from eclipsing binary stars and stellar evolutionary models. The stellar mass and radius obtained from a calibration using $T_A$, log $\rho_{\rm A}$ and [Fe/H] are consistent with those from the isochrone analysis. We found that the exoplanet TrES-3b has a mass of 1.93$\pm$0.07 M$_{\rm Jup}$, a radius of 1.30$\pm$0.04 R$_{\rm Jup}$, a surface gravity of log $g_{\rm b}$=3.45$\pm$0.02, a density of 0.82$\pm$0.06 $\rho_{\rm Jup}$, and an equilibrium temperature of 1641$\pm$23 K. The results are in good agreement with theoretical models for gas giant planets.Comment: 15 pages, including 4 figures and 4 tables, accepted for publication in PAS

Analyzing Herd Behavior in Global Stock Markets: An Intercontinental Comparison

Herd behavior is an important economic phenomenon, especially in the context of the recent financial crises. In this paper, herd behavior in global stock markets is investigated with a focus on intercontinental comparison. Since most existing herd behavior indices do not provide a comparative method, we propose a new herd behavior index and demonstrate its desirable properties through simple theoretical models. As for empirical analysis, we use global stock market data from Morgan Stanley Capital International to study herd behavior especially during periods of financial crises in detail

A Successful International Joint Venture: Exploring the Critical Success Factors of Starbucks Korea

International joint venture has become a key foreign entry mode among global service firms. Scholars have devoted significant attention to the theory of international joint venture in the past three decades. However, despite growing interest from academics and practitioners alike, research that would synthesize the model of a successful international joint venture in the service industry has not been established. To close this gap, we undertook a qualitative study using Starbuck Korea case. This study investigates how Starbucks Korea, an international joint venture between the Starbucks Corporation and the Shinsegae Corporation (the Korean joint venture partner of Starbucks Korea) has been successful in the competitive Korean coffee market. Specifically, the study highlights how the partners involved in Starbucks Korea have successfully collaborated and developed mutual trust while bridging cultural, geographic and language gaps