3,049 research outputs found
Is the Convergence of Accounting Standards Good for Stock Markets?
This paper examines the impact of the convergence of Hong Kong Accounting Standard 40 (HKAS 40) with the International Financial Reporting Standard (IFRS) on the stock prices of firms in the property industry. Using a sample of 22111 firm-day observations, we show that the new standard has a negative impact on the stock performance of these firms.Hong Kong Accounting Standard 40, Event Window, Stock Return.
Thermodynamical Metrics and Black Hole Phase Transitions
An important phase transition in black hole thermodynamics is associated with
the divergence of the specific heat with fixed charge and angular momenta, yet
one can demonstrate that neither Ruppeiner's entropy metric nor Weinhold's
energy metric reveals this phase transition. In this paper, we introduce a new
thermodynamical metric based on the Hessian matrix of several free energy. We
demonstrate, by studying various charged and rotating black holes, that the
divergence of the specific heat corresponds to the curvature singularity of
this new metric. We further investigate metrics on all thermodynamical
potentials generated by Legendre transformations and study correspondences
between curvature singularities and phase transition signals. We show in
general that for a system with n-pairs of intensive/extensive variables, all
thermodynamical potential metrics can be embedded into a flat (n,n)-dimensional
space. We also generalize the Ruppeiner metrics and they are all conformal to
the metrics constructed from the relevant thermodynamical potentials.Comment: Latex, 25 pages, reference added, typos corrected, English polished
and the Hawking-Page phase transition clarified; to appear in JHE
Separability and Killing Tensors in Kerr-Taub-NUT-de Sitter Metrics in Higher Dimensions
A generalisation of the four-dimensional Kerr-de Sitter metrics to include a
NUT charge is well known, and is included within a class of metrics obtained by
Plebanski. In this paper, we study a related class of Kerr-Taub-NUT-de Sitter
metrics in arbitrary dimensions D \ge 6, which contain three non-trivial
continuous parameters, namely the mass, the NUT charge, and a (single) angular
momentum. We demonstrate the separability of the Hamilton-Jacobi and wave
equations, we construct a closely-related rank-2 Staeckel-Killing tensor, and
we show how the metrics can be written in a double Kerr-Schild form. Our
results encompass the case of the Kerr-de Sitter metrics in arbitrary
dimension, with all but one rotation parameter vanishing. Finally, we consider
the real Euclidean-signature continuations of the metrics, and show how in a
limit they give rise to certain recently-obtained complete non-singular compact
Einstein manifolds.Comment: Author added, title changed, references added, focus of paper changed
to Killing tensors and separability. Latex, 13 page
Non-extremal Charged Rotating Black Holes in Seven-Dimensional Gauged Supergravity
We obtain the solution for non-extremal charged rotating black holes in
seven-dimensional gauged supergravity, in the case where the three rotation
parameters are set equal. There are two independent charges, corresponding to
gauge fields in the U(1)xU(1) abelian subgroup of the SO(5) gauge group. A new
feature in these solutions, not seen previously in lower-dimensional examples,
is that the first-order "odd-dimensional self-duality" equation for the 4-form
field strength plays a non-trivial role. We also study the BPS limit of our
solutions where the black holes become supersymmetric. Our results are of
significance for the AdS_7/CFT_6 correspondence in M-theory.Comment: Latex, 12 pages, typos corrected and a reference adde
BPS Geometries and AdS Bubbles
Recently, 1/2-BPS AdS bubble solutions have been obtained by Lin, Lunin and
Maldacena, which correspond to Fermi droplets in phase space in the dual CFT
picture. They can be thought of as generalisations of 1/2-BPS AdS black hole
solutions in five or seven dimensional gauged supergravity. In this paper, we
extend these solutions by invoking additional gauge fields and scalar fields in
the supergravity Lagrangians, thereby obtaining AdS bubble generalisations of
the previously-known multi-charge AdS black solutions of gauged supergravity.
We also obtain analogous AdS bubble solutions in four-dimensional gauged
supergravity. Our solutions generically preserve supersymmetry fractions 1/4,
1/8 and 1/8 in seven, five and four dimensions respectively. They can be lifted
to M-theory or type IIB string theory, using previously known formulae for the
consistent Pauli sphere reductions that yield the gauged supergravities. We
also find similar solutions in six-dimensional gauged supergravity, and discuss
their lift to the massive type IIA theory.Comment: Latex, 11 page
Extending the first-order post-Newtonian scheme in multiple systems to the second-order contributions to light propagation
In this paper, we extend the first-order post-Newtonian scheme in multiple
systems presented by Damour-Soffel-Xu to the second-order contribution to light
propagation without changing the virtueof the scheme on the linear partial
differential equations of the potential and vector potential. The spatial
components of the metric are extended to second order level both in a global
coordinates () and a local coordinates (). The
equations of (or ) are obtained from the field equations.The
relationship between and are presented in this paper also. In
special case of the solar system (isotropic condition is applied ()), we obtain the solution of . Finally, a further extension
of the second-order contributions in the parametrized post-Newtonian formalism
is discussed.Comment: Latex2e; 6 pages PS fil
A scalar field instability of rotating and charged black holes in (4+1)-dimensional Anti-de Sitter space-time
We study the stability of static as well as of rotating and charged black
holes in (4+1)-dimensional Anti-de Sitter space-time which possess spherical
horizon topology. We observe a non-linear instability related to the
condensation of a charged, tachyonic scalar field and construct "hairy" black
hole solutions of the full system of coupled Einstein, Maxwell and scalar field
equations. We observe that the limiting solution for small horizon radius is
either a hairy soliton solution or a singular solution that is not a regular
extremal solution. Within the context of the gauge/gravity duality the
condensation of the scalar field describes a holographic
conductor/superconductor phase transition on the surface of a sphere.Comment: 16 pages including 8 figures, v2: discussion on soliton solutions
extended; v3: matches version accepted for publication in JHE
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