Wafer-scale uniformity of Dolan-bridge and bridgeless Manhattan-style Josephson junctions for superconducting quantum processors

We investigate die-level and wafer-scale uniformity of Dolan-bridge and bridgeless Manhattan Josephson junctions, using multiple substrates with and without through-silicon vias (TSVs). Dolan junctions fabricated on planar substrates have the highest yield and lowest room-temperature conductance spread, equivalent to ~100 MHz in transmon frequency. In TSV-integrated substrates, Dolan junctions suffer most in both yield and disorder, making Manhattan junctions preferable. Manhattan junctions show pronounced conductance decrease from wafer centre to edge, which we qualitatively capture using a geometric model of spatially-dependent resist shadowing during junction electrode evaporation. Analysis of actual junction overlap areas using scanning electron micrographs supports the model, and further points to a remnant spatial dependence possibly due to contact resistance.Comment: 25 pages, 13 figures, 1 tabl

Financial fragmentation and SMEs’ access to finance

This paper focuses on the impact of financial fragmentation on small and medium enterprises (SMEs)’ access to finance. We combine country-level data on financial fragmentation and the ECB’s SAFE (Survey on the Access to Finance of Enterprises) data for 12 European Union (EU) countries over 2009-2016. Our findings indicate that an increase in financial fragmentation not only raises the probability of all firms to be rationed but also to be charged higher loan rates; in addition, it increases the likelihood of borrower discouragement and it impairs firms’ perceptions of the future availability of bank funds. Less creditworthy firms are even more likely to become credit rationed, suggesting a flight to quality effect in lending. However, our study also documents a potential adverse effect of increasing bank market power resulting from greater integration. This suggests that financial integration could impair firms’ financing, if not accompanied by policy initiatives aimed at maintaining an optimal level of competition in the banking sector

Institutional investors and corporate governance

We provide a comprehensive overview of the role of institutional investors in corporate governance with three main components. First, we establish new stylized facts documenting the evolution and importance of institutional ownership. Second, we provide a detailed characterization of key aspects of the legal and regulatory setting within which institutional investors govern portfolio firms. Third, we synthesize the evolving response of the recent theoretical and empirical academic literature in finance to the emergence of institutional investors in corporate governance. We highlight how the defining aspect of institutional investors – the fact that they are financial intermediaries – differentiates them in their governance role from standard principal blockholders. Further, not all institutional investors are identical, and we pay close attention to heterogeneity amongst institutional investors as blockholders

Research on information systems failures and successes: Status update and future directions

The final publication is available at Springer via http://dx.doi.org/10.1007/s10796-014-9500-yInformation systems success and failure are among the most prominent streams in IS research. Explanations of why some IS fulfill their expectations, whereas others fail, are complex and multi-factorial. Despite the efforts to understand the underlying factors, the IS failure rate remains stubbornly high. A Panel session was held at the IFIP Working Group 8.6 conference in Bangalore in 2013 which forms the subject of this Special Issue. Its aim was to reflect on the need for new perspectives and research directions, to provide insights and further guidance for managers on factors enabling IS success and avoiding IS failure. Several key issues emerged, such as the need to study problems from multiple perspectives, to move beyond narrow considerations of the IT artifact, and to venture into underexplored organizational contexts, such as the public sector. © 2014 Springer Science+Business Media New York

The basement of the Mount Athos peninsula, northern Greece: Insights from geochemistry and zircon ages

The Mount Athos Peninsula is situated in the south-easternmost part of the Chalkidiki Peninsula in northern Greece. It belongs to the Serbo-Macedonian Massif (SMM), a large basement massif within the Internal Hellenides. The south-eastern part of the Mount Athos peninsula is built by fine-grained banded biotite gneisses and migmatites forming a domal structure. The southern tip of the peninsula, which also comprises Mount Athos itself, is built by limestone, marble and low-grade metamorphic rocks of the Chortiatis Unit. The northern part and the majority of the western shore of the Mount Athos peninsula are composed of highly deformed rocks belonging to a tectonic mélange termed the Athos-Volvi-Suture Zone (AVZ), which separates two major basement units: the Vertiskos Terrane in the west and the Kerdillion Unit in the east. The rock-types in this mélange range from metasediments, marbles and gneisses to amphibolites, eclogites and peridotites. The gneisses are tectonic slivers of the adjacent basement complexes. The mélange zone and the gneisses were intruded by granites (Ierissos, Ouranoupolis and Gregoriou). The Ouranoupolis intrusion obscures the contact between the mélange and the gneisses. The granites are only slightly deformed and therefore postdate the accretionary event that assembled the units and created the mélange. Pb-Pb- and U-Pb-SHRIMP-dating of igneous zircons of the gneisses and granites of the eastern Athos peninsula in conjunction with geochemical and isotopic analyses are used to put Athos into the context of a regional tectonic model. The ages form three clusters: The basement age is indicated by two samples that yielded Permo-Carboniferous U-Pb-ages of 292.6 ± 2.9 Ma and 299.4 ± 3.5 Ma. The main magmatic event of the granitoids now forming the gneiss dome is dated by Pb-Pb-ages between 140.0 ± 2.6 Ma and 155.7 ± 5.1 Ma with a mean of 144.7 ± 2.4 Ma. A within-error identical age of 146.6 ± 2.3 Ma was obtained by the U-Pb-SHRIMP method. This Late Jurassic age is also known from the Kerdillion Unit and the Rhodope Terrane. The rather undeformed granites are interpreted as piercing plutons. The small granite stocks sampled have Late Cretaceous to Early Tertiary ages of 66.8 ± 0.8 Ma and 68.0 ± 1.0 Ma (U-Pb-SHRIMP)/62.8 ± 3.9 Ma (Pb-Pb). The main accretionary event was according to these data in the Late Jurassic since all younger rocks show little or no deformation. The age distribution together with the geochemical and isotopic signature and the lithology indicates that the eastern part of the Mount Athos peninsula is part of a large-scale gneiss dome also building the Kerdillion Unit of the eastern SMM and the Rhodope Massif. This finding extends the area of this dome significantly to the south and indicates that the tectonic boundary between the SMM and the Rhodope Massif lies within the AVZ. © 2011 Springer-Verlag