The Effect of Blockholders on Bank Valuation

This paper examines the effect of blockholders on bank valuation. We use two measures of bank valuation, namely Tobin\u27s Q and market to book ratio, and two measures of blockholders, namely  number of blockholders and total ownership of all blockholders. Using a sample of publicly-traded bank holding companies in the U.S. from 1996 to 2001, we find a negative relationship between total ownership of all blockholders and bank valuation, but a positive relationship between number of blockholders and bank valuation

Research on Regional Imbalance of Cross-Border E-Commerce --Take Fujian Free Trade Zone as an Example

This article takes the information data era, world trade, and the deep integration of the “Belt and Road” policy as the background. Using questionnaires and compare to analyze the cross-border e-commerce regional issues in Fujian Free Trade Area, based on the analysis of cross-border e-commerce differences between Fujian, Shanghai and Zhengzhou and the comparative analysis of crossborder e-commerce platforms, it establishes a cross-border e-commerce service quality gap model to further identify problems. This article points out the current development trend of cross-border e-commerce zone in Fujian Free Trade Area, and the problems and the development shortcomings. Utilizing the advantages of cross-border e-commerce and its platform in Shanghai and Zhengzhou Free Trade Area to improve the imbalance of cross-border e-commerce in the Fujian Free Trade Zone, It has come up with actions and recommendations for building a multi-level network, an open credit platform, and a service quality evaluation system

Methyl mercury concentrations in seafood collected from Zhoushan Islands, Zhejiang, China, and their potential health risk for the fishing community

Seafood is an important exposure route for mercury, especially methyl mercury (MeHg). Therefore, we quantified MeHg concentrations in 69 species of seafood including fish, crustaceans and mollusks collected from Zhoushan Islands, China. MeHg concentrations ranged from 1. The daily dietary intake and hazard quotient for MeHg were calculated to estimate exposure and health risk through seafood consumption by local inhabitants. The calculated HQ was lower than 1, thus indicating that the exposure was below the risk threshold of related chronic diseases. However, higher MeHg concentrations in fish species such as Scoliodon sorrakowah and Auxis thazard are concerning and may pose health risk through continuous consumption by local inhabitants.China Spark Program (2015GA700094); Medical Health Science Foundation Program of the Health Department of Zhejiang Province (2020RC137); Science and technology Program of Zhoushan City (2017C32089); Medical Health Science Foundation Program of the Health Department of Zhoushan City (2018G02)) and the Chinese Academy of Sciences Fellowships under the Chinese Academy of Sciences President's International Fellowship for Visiting Scientists (2018VCC0002).info:eu-repo/semantics/publishedVersio

A unified formulation for circle and polygon concrete-filled steel tube columns under axial compression

Current design practice of concrete-filled steel tube (CFST) columns uses different formulas for different section profiles to predict the axial load bearing capacity. It has always been a challenge and practically important issue for researchers and design engineers who want to find a unified formula that can be used in the design of the columns with various sections, including solid, hollow, circular and polygonal sections. This has been driven by modern design requirements for continuous optimization of structures in terms of not only the use of materials, but also the topology of structural components. This paper extends the authors’ previous work [1] on a unified formulation of the axial load bearing capacity for circular hollow and solid CFST columns to, now, including hollow and solid CFST columns with regular polygonal sections. This is done by taking a circular section as a special case of a polygonal one. Finally, a unified formula is proposed for calculating the axial load bearing capacity of solid and hollow CFST columns with either circular or polygonal sections. In addition, laboratory tests on hollow circular and square CFST long columns are reported. These results are useful addition to the very limited open literature on testing these columns, and are also as a part of the validation process of the proposed analytical formulas

Symmetry Fractionalized (Irrationalized) Fusion Rules and Two Domain-Wall Verlinde Formulae

We investigate interdomain excitations in composite systems of topological orders separated by gapped domain walls. We derive two domain-wall Verlinde formulae that relate the braiding between interdomain excitations and domain-wall quasiparticles to the fusion rules of interdomain excitations and the fusion rules of domain-wall quasiparticles. We show how to compute such braiding and fusion with explicit non-Abelian examples and find that the fusion rules of interdomain excitations are generally fractional or irrational. By exploring the correspondence between composite systems and anyon condensation, we uncover why such fusion rules should be called symmetry fractionalized (irrationalized) fusion rules. Our domain-wall Verlinde formulae generalize the Verlinde formula of a single topological order and the defect Verlinde formula found in [C. Shen and L.-Y. Hung, Phys. Rev. Lett. 123, 051602 (2019)]. Our results may find applications in topological quantum computing, topological field theories, and conformal field theories.Comment: 13 pages, 7 figure

Alterations of dendritic cell subsets in the peripheral circulation of patients with cervical carcinoma

Patients with cervical carcinoma (CC) are frequently immunocompromised. Dendritic cells (DCs) are potent antigen-presenting cells. Using multicolor flow cytometry, the percentages of CD11c+ (DC1) and CD123+ (DC2) subsets, were determined in the peripheral blood of 37 patients with cervical carcinoma (CC), 54 patients with CIN, and 62 healthy individuals. A substantial reduction of circulating dendritic cells and accordingly immunodepression may be associated with increased IL-6 and TGF-β in serum. These findings could give expression to the immunosuppression of circulating dendritic cells in patients with CC and CIN, thus, may indicate novel aspects of cervical carcinoma immune evasion

Implications of the lens redshift distribution of strong lensing systems: cosmological parameters and the global properties of early-type galaxies

In this paper, we assemble a well-defined sample of early-type gravitational lenses extracted from a large collection of 158 systems, and use the redshift distribution of galactic-scale lenses to test the standard cosmological model ($\Lambda$CDM) and the modified gravity theory (DGP). Two additional sub-samples are also included to account for possible selection effect introduced by the detectability of lens galaxies. Our results show that independent measurement of the matter density parameter ($\Omega_m$) could be expected from such strong lensing statistics. Based on future measurements of strong lensing systems from the forthcoming LSST survey, one can expect $\Omega_m$ to be estimated at the precision of $\Delta\Omega_m\sim 0.006$, which provides a better constraint on $\Omega_m$ than \textit{Planck} 2015 results. Moreover, use the lens redshift test is also used to constrain the characteristic velocity dispersion of the lensing galaxies, which is well consistent with that derived from the optical spectroscopic observations. A parameter $f_E$ is adopted to quantify the relation between the lensing-based velocity dispersion and the corresponding stellar value. Finally, the accumulation of detectable galactic lenses from future LSST survey would lead to more stringent fits of $\Delta f_E\sim10^{-3}$, which encourages us to test the global properties of early-type galaxies at much higher accuracy.Comment: 12 pages, accepted for publication in The European Physical Journal

Inference and Sampling of Point Processes from Diffusion Excursions

Point processes often have a natural interpretation with respect to a continuous process. We propose a point process construction that describes arrival time observations in terms of the state of a latent diffusion process. In this framework, we relate the return times of a diffusion in a continuous path space to new arrivals of the point process. This leads to a continuous sample path that is used to describe the underlying mechanism generating the arrival distribution. These models arise in many disciplines, such as financial settings where actions in a market are determined by a hidden continuous price or in neuroscience where a latent stimulus generates spike trains. Based on the developments in It\^o's excursion theory, we propose methods for inferring and sampling from the point process derived from the latent diffusion process. We illustrate the approach with numerical examples using both simulated and real data. The proposed methods and framework provide a basis for interpreting point processes through the lens of diffusions.Comment: In UAI 202

rPPG-MAE: Self-supervised Pre-training with Masked Autoencoders for Remote Physiological Measurement

Remote photoplethysmography (rPPG) is an important technique for perceiving human vital signs, which has received extensive attention. For a long time, researchers have focused on supervised methods that rely on large amounts of labeled data. These methods are limited by the requirement for large amounts of data and the difficulty of acquiring ground truth physiological signals. To address these issues, several self-supervised methods based on contrastive learning have been proposed. However, they focus on the contrastive learning between samples, which neglect the inherent self-similar prior in physiological signals and seem to have a limited ability to cope with noisy. In this paper, a linear self-supervised reconstruction task was designed for extracting the inherent self-similar prior in physiological signals. Besides, a specific noise-insensitive strategy was explored for reducing the interference of motion and illumination. The proposed framework in this paper, namely rPPG-MAE, demonstrates excellent performance even on the challenging VIPL-HR dataset. We also evaluate the proposed method on two public datasets, namely PURE and UBFC-rPPG. The results show that our method not only outperforms existing self-supervised methods but also exceeds the state-of-the-art (SOTA) supervised methods. One important observation is that the quality of the dataset seems more important than the size in self-supervised pre-training of rPPG. The source code is released at https://github.com/linuxsino/rPPG-MAE