889 research outputs found
On the debt Capacityof growth Options
If debt capacity is defined as the incremental debt that is optimally associated with an additional asset, then the debt capacity of growth options is negative. Underinvestment costs of debt increase and free cash flow benefits of debt fall with additional growth options. Thus, if firm value increases with additional growth options, then leverage not only declines, but the firm’s optimal total debt level declines as well. This result implies a negative relation between book leverage and growth options and provides a new economic interpretation of book leverage regressions.Growth options; Book leverage
Polymorphisms in the circadian expressed genes PER3 and ARNTL2 are associated with diurnal preference and GNβ3 with sleep measures
Sleep and circadian rhythms are intrinsically linked, with several sleep traits, including sleep timing and duration, influenced by both sleep homeostasis and the circadian phase. Genetic variation in several circadian genes has been associated with diurnal preference (preference in timing of sleep), although there has been limited research on whether they are associated with other sleep measurements. We investigated whether these genetic variations were associated with diurnal preference (Morningness-Eveningness Questionnaire) and various sleep measures, including: the global Pittsburgh Sleep Quality index score; sleep duration; and sleep latency and sleep quality. We genotyped 10 polymorphisms in genes with circadian expression in participants from the G1219 sample (n = 966), a British longitudinal population sample of young adults. We conducted linear regressions using dominant, additive and recessive models of inheritance to test for associations between these polymorphisms and the sleep measures. We found a significant association between diurnal preference and a polymorphism in period homologue 3 (PER3) (P < 0.005, recessive model) and a novel nominally significant association between diurnal preference and a polymorphism in aryl hydrocarbon receptor nuclear translocator-like 2 (ARNTL2) (P < 0.05, additive model). We found that a polymorphism in guanine nucleotide binding protein beta 3 (GNβ3) was associated significantly with global sleep quality (P < 0.005, recessive model), and that a rare polymorphism in period homologue 2 (PER2) was associated significantly with both sleep duration and quality (P < 0.0005, recessive model). These findings suggest that genes with circadian expression may play a role in regulating both the circadian clock and sleep homeostasis, and highlight the importance of further studies aimed at dissecting the specific roles that circadian genes play in these two interrelated but unique behaviours
Radial Velocity Observations and Light Curve Noise Modeling Confirm That Kepler-91b is a Giant Planet Orbiting a Giant Star
Kepler-91b is a rare example of a transiting hot Jupiter around a red giant
star, providing the possibility to study the formation and composition of hot
Jupiters under different conditions compared to main-sequence stars. However,
the planetary nature of Kepler-91b, which was confirmed using phase-curve
variations by Lillo-Box et al., was recently called into question based on a
re-analysis of Kepler data. We have obtained ground-based radial velocity
observations from the Hobby-Eberly Telescope and unambiguously confirm the
planetary nature of Kepler-91b by simultaneously modeling the Kepler and radial
velocity data. The star exhibits temporally correlated noise due to stellar
granulation which we model as a Gaussian Process. We hypothesize that it is
this noise component that led previous studies to suspect Kepler-91b to be a
false positive. Our work confirms the conclusions presented by Lillo-Box et al.
that Kepler-91b is a 0.73+/-0.13 Mjup planet orbiting a red giant star.Comment: Published in Ap
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Electronic Health Record-Based Surveillance for Community Transmitted COVID-19 in the Emergency Department
Introduction: SARS-CoV-2, a novel coronavirus, manifests as a respiratory syndrome (COVID-19) and is the cause of an ongoing pandemic. The response to COVID-19 in the United States has been hampered by an overall lack of diagnostic testing capacity. To address uncertainty about ongoing levels of SARS-CoV-2 community transmission early in the pandemic, we aimed to develop a surveillance tool using readily available emergency department (ED) operations data extracted from the electronic health record (EHR). This involved optimizing the identification of acute respiratory infection (ARI)-related encounters and then comparing metrics for these encounters before and after the confirmation of SARS-CoV-2 community transmission.Methods: We performed an observational study using operational EHR data from two Midwest EDs with a combined annual census of over 80,000. Data were collected three weeks before and after the first confirmed case of local SARS-CoV-2 community transmission. To optimize capture of ARI cases, we compared various metrics including chief complaint, discharge diagnoses, and ARI-related orders. Operational metrics for ARI cases, including volume, pathogen identification, and illness severity, were compared between the pre- and post-community transmission timeframes using chi-square tests of independence.Results: Compared to our combined definition of ARI, chief complaint, discharge diagnoses, and isolation orders individually identified less than half of the cases. Respiratory pathogen testing was the top performing individual ARI definition but still only identified 72.2% of cases. From the pre to post periods, we observed significant increases in ED volumes due to ARI and ARI cases without identified pathogen.Conclusion: Certain methods for identifying ARI cases in the ED may be inadequate and multiple criteria should be used to optimize capture. In the absence of widely available SARS-CoV-2 testing, operational metrics for ARI-related encounters, especially the proportion of cases involving negative pathogen testing, are useful indicators for active surveillance of potential COVID-19 related ED visits
Elements of attention in HIV-infected adults: Evaluation of an existing model
Because of the multifactorial nature of neuropsychological tests, attention remains poorly defined from a neuropsychological perspective, and conclusions made regarding attention across studies may be limited due to the different nature of the measures used. Thus, a more definitive schema for this neurocognitive domain is needed. We assessed the applicability of Mirsky and Duncan\u27s (2001) neuropsychological model of attention to a cohort of 104 HIV+ adults. Our analysis resulted in a five-factor structure similar to that of previous studies, which explained 74.5% of the variance. However, based on the psychometric characteristics of the measures comprising each factor, we offer an alternative interpretation of the factors. Findings also indicate that one factor, which is generally not assessed in clinical neuropsychology settings, may be more predictive of real-world behaviors (such as medication adherence) than those composed of traditional measures. Suggestions for further research in this important area are discussed
Actuation of Micro-Optomechanical Systems Via Cavity-Enhanced Optical Dipole Forces
We demonstrate a new type of optomechanical system employing a movable,
micron-scale waveguide evanescently-coupled to a high-Q optical microresonator.
Micron-scale displacements of the waveguide are observed for
milliwatt(mW)-level optical input powers. Measurement of the spatial variation
of the force on the waveguide indicates that it arises from a cavity-enhanced
optical dipole force due to the stored optical field of the resonator. This
force is used to realize an all-optical tunable filter operating with sub-mW
control power. A theoretical model of the system shows the maximum achievable
force to be independent of the intrinsic Q of the optical resonator and to
scale inversely with the cavity mode volume, suggesting that such forces may
become even more effective as devices approach the nanoscale.Comment: 4 pages, 5 figures. High resolution version available at
(http://copilot.caltech.edu/publications/CEODF_hires.pdf). For associated
movie, see (http://copilot.caltech.edu/research/optical_forces/index.htm
Pre-sleep cognitive arousal is negatively associated with sleep misperception in healthy sleepers during habitual environmental noise exposure: an actigraphy study
Specific noises (e.g., traffic or wind turbines) can disrupt sleep and potentially cause a mismatch between subjective sleep and objective sleep (i.e., “sleep misperception”). Some individuals are likely to be more vulnerable than others to noise-related sleep disturbances, potentially as a result of increased pre-sleep cognitive arousal. The aim of the present study was to examine the relationships between pre-sleep cognitive arousal and sleep misperception. Sixteen healthy sleepers participated in this naturalistic, observational study. Three nights of sleep were measured using actigraphy, and each 15-s epoch was classified as sleep or wake. Bedside noise was recorded, and each 15-s segment was classified as containing noise or no noise and matched to actigraphy. Participants completed measures of habitual pre-sleep cognitive and somatic arousal and noise sensitivity. Pre-sleep cognitive and somatic arousal levels were negatively associated with subjective–objective total sleep time discrepancy (p < 0.01). There was an association between sleep/wake and noise presence/absence in the first and last 90 min of sleep (p < 0.001). These results indicate that higher levels of habitual pre-sleep arousal are associated with a greater degree of sleep misperception, and even in healthy sleepers, objective sleep is vulnerable to habitual bedside noise
The K2 Mission: Characterization and Early results
The K2 mission will make use of the Kepler spacecraft and its assets to
expand upon Kepler's groundbreaking discoveries in the fields of exoplanets and
astrophysics through new and exciting observations. K2 will use an innovative
way of operating the spacecraft to observe target fields along the ecliptic for
the next 2-3 years. Early science commissioning observations have shown an
estimated photometric precision near 400 ppm in a single 30 minute observation,
and a 6-hour photometric precision of 80 ppm (both at V=12). The K2 mission
offers long-term, simultaneous optical observation of thousands of objects at a
precision far better than is achievable from ground-based telescopes. Ecliptic
fields will be observed for approximately 75-days enabling a unique exoplanet
survey which fills the gaps in duration and sensitivity between the Kepler and
TESS missions, and offers pre-launch exoplanet target identification for JWST
transit spectroscopy. Astrophysics observations with K2 will include studies of
young open clusters, bright stars, galaxies, supernovae, and asteroseismology.Comment: 25 pages, 11 figures, Accepted to PAS
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