32 research outputs found

    Multiple large shareholders, blockholder trading and stock price crash risk

    No full text
    We show that in a setting with a strong concern for controlling shareholder entrenchment, firms with multiple large shareholders (MLS) are more likely to experience stock price crashes. As a result, when anticipating future revelations of bad news concerning corporate misconduct on information disclosure, large shareholders can exploit their information advantage and initiate their sales ex ante as far as eight quarters ahead. The positive association between MLS and crashes is more pronounced in the presence of noncontrolling shareholders' sales. Also, the positive predictive power of MLS on crash risk is more potent in firms with weak internal or external governance.</p

    Selectivity of Oxygen Evolution Reaction on Carbon Cloth-Supported δ-MnO<sub>2</sub> Nanosheets in Electrolysis of Real Seawater

    Get PDF
    Electrolysis of seawater using solar and wind energy is a promising technology for hydrogen production which is not affected by the shortage of freshwater resources. However, the competition of chlorine evolution reactions and oxygen evolution reactions on the anode is a major obstacle in the upscaling of seawater electrolyzers for hydrogen production and energy storage, which require chlorine-inhibited oxygen evolution electrodes to become commercially viable. In this study, such an electrode was prepared by growing δ-MnO2 nanosheet arrays on the carbon cloth surface. The selectivity of the newly prepared anode towards the oxygen evolution reaction (OER) was 66.3% after 30 min of electrolyzer operation. The insertion of Fe, Co and Ni ions into MnO2 nanosheets resulted in an increased number of trivalent Mn atoms, which had a negative effect on the OER selectivity. Good tolerance of MnO2/CC electrodes to chlorine evolution in seawater electrolysis indicates its suitability for upscaling this important energy conversion and storage technology

    T-cell immunoglobulin and mucin domain 4 (TIM-4) signaling in innate immune-mediated liver ischemia-reperfusion injury.

    No full text
    UnlabelledHepatic ischemia-reperfusion injury (IRI), an innate immunity-driven inflammation response, occurs in multiple clinical settings including liver resection, transplantation, trauma, and shock. T-cell immunoglobulin and mucin (TIM)-4, the only TIM protein not expressed on T cells, is found on macrophages and dendritic cells. The regulatory function of macrophage TIM-4 in the engulfment of apoptotic/necrotic bodies in innate immunity-mediated disease states remains unknown. This study focuses on the putative role of TIM-4 signaling in a model of liver warm ischemia (90 minutes) and reperfusion. The ischemia insult triggered TIM-4 expression by stressed hepatocellular phosphatidylserine (PS) presentation, peaking at 6 hours of reperfusion, and coinciding with the maximal hepatocellular damage. TIM-4-deficient or wild-type WT mice treated with antagonistic TIM-4 monoclonal antibody (mAb) were resistant against liver IRI, evidenced by diminished serum alanine aminotransferase (sALT) levels and well-preserved hepatic architecture. Liver hepatoprotection rendered by TIM-4 deficiency was accompanied by diminished macrophage infiltration/chemoattraction, phagocytosis, and activation of Toll-like receptor (TLR)2/4/9-dependent signaling. Correlating with in vivo kinetics, the peak of TIM-4 induction in lipopolysaccharide (LPS)-activated bone marrow derived-macrophages (BMM) was detected in 6-hour cultures. To mimic liver IRI, we employed hydrogen peroxide-necrotic hepatocytes, which readily present PS. Indeed, necrotic hepatocytes were efficiently captured/engulfed by WT (TIM-4+) but not by TIM-4-deficient BMM. Finally, in a newly established model of liver IRI, adoptive transfer of WT but not TIM-4-deficient BMM readily recreated local inflammation response/hepatocellular damage in the CD11b-DTR mouse system.ConclusionThese findings document the importance of macrophage-specific TIM-4 activation in the mechanism of hepatic IRI. Macrophage TIM-4 may represent a therapeutic target to minimize innate inflammatory responses in IR-stressed organs
    corecore