1,563 research outputs found

    The MEarth project: searching for transiting habitable super-Earths around nearby M-dwarfs

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    Due to their small radii, M-dwarfs are very promising targets to search for transiting super-Earths, with a planet of 2 Earth radii orbiting an M5 dwarf in the habitable zone giving rise to a 0.5% photometric signal, with a period of two weeks. This can be detected from the ground using modest-aperture telescopes by targeting samples of nearby M-dwarfs. Such planets would be very amenable to follow-up studies due to the brightness of the parent stars, and the favourable planet-star flux ratio. MEarth is such a transit survey of ~2000 nearby M-dwarfs. Since the targets are distributed over the entire (Northern) sky, it is necessary to observe them individually, which will be done by using 8 independent 0.4m robotic telescopes, two of which have been in operation since December 2007 at the Fred Lawrence Whipple Observatory (FLWO) located on Mount Hopkins, Arizona. We discuss the survey design and hardware, and report on the current status of the survey, and preliminary results obtained from the commissioning data.Comment: 7 pages, 5 figures. To appear in the Proceedings of the 253rd IAU Symposium: "Transiting Planets", May 2008, Cambridge, M

    An empirical calibration to estimate cool dwarf fundamental parameters from H-band spectra

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    Interferometric radius measurements provide a direct probe of the fundamental parameters of M dwarfs, but is within reach for only a limited sample of nearby, bright stars. We use interferometrically-measured radii, bolometric luminosities, and effective temperatures to develop new empirical calibrations based on low-resolution, near-infrared spectra. We use H-band Mg and Al features to derive calibrations for effective temperature, radius and log luminosity; the standard deviations in the residuals of our best fits are, respectively, 73K, 0.027Rsun, and 0.049 dex (11% error on luminosity). These relationships are valid for mid K to mid M dwarf stars, roughly corresponding to temperatures between 3100 and 4800K. We apply our calibrations to M dwarfs targeted by the MEarth transiting planet survey and to the cool Kepler Objects of Interest (KOIs). We independently validate our calibrations by demonstrating a clear relationship between our inferred parameters and the absolute K magnitudes of the MEarth stars, and we identify objects with magnitudes too bright for their estimated luminosities as candidate multiple systems. We also use our inferred luminosities to address the applicability of near-infrared metallicity calibrations to mid and late M dwarfs. The temperatures we infer for the KOIs agree remarkably well with those from the literature; however, our stellar radii are systematically larger than those presented in previous works that derive radii from model isochrones. This results in a mean planet radius that is 15% larger than one would infer using the stellar properties from recent catalogs. Our results confirm those of previous in-depth studies of Kepler-42, Kepler-45, and Kepler-186.Comment: Accepted to ApJ. Tables 4 and 5, and machine readable versions of Tables 5 and 7 are available in the ApJ journal articl

    How SME owners' characteristics influence external advice and access to finance

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    Objectives: This paper aims to investigate the linkage between the use of external advice and access to finance for small and medium-sized enterprises (SMEs) in the UK, with particular consideration of differences in personal characteristics: gender, ethnicity and education. Prior work: There is little evidence on gender, ethnic and educational differentials in obtaining external advice, with the exception of a paper by Barrett (1995) comparing the use of external advice by men and women. In the UK an extensive programme of research into the use of external advice has been undertaken, primarily by Robert Bennett and Paul Robson drawing from the Cambridge Centre for Business Research survey of SMEs in manufacturing and business services. A large number of other articles investigate business advice, but few attempt to make comparisons by personal characteristics. Approach: The approach adopted for the research is a telephone survey conducted by the Barclays small business research team in late 2005 on behalf of the authors. These data are quantitative in nature and involve a large sample of 400 SMEs with specific questions analysed by gender, ethnicity and education level. The approach adopted is robust and empirically sound and is a long established research methodology. Results: We find that there appears to be a correlation between the provision of external advice and the ability to raise bank finance. Furthermore, there are clear gender, ethnic and educational differentials in the use of particular sources of advice which are explored in detail in the paper. Implications: The study is of much relevance to policy-makers and providers of external advice (whether private sector or Government backed sources of advice) in that it provides insight into differences by personal characteristics, and secondly into the correlation between business advice and accessing finance. Value: The paper is the first that compares sources of external advice by gender, ethnicity and educational level and is therefore a major contribution to the already highly-developed literature on external business advic

    Trigonometric Parallaxes for 1,507 Nearby Mid-to-Late M-dwarfs

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    The MEarth survey is a search for small rocky planets around the smallest, nearest stars to the Sun as identified by high proper motion with red colors. We augmented our planetary search time series with lower cadence astrometric imaging and obtained two million images of approximately 1800 stars suspected to be mid-to-late M dwarfs. We fit an astrometric model to MEarth's images for 1507 stars and obtained trigonometric distance measurements to each star with an average precision of 5 milliarcseconds. Our measurements, combined with the 2MASS photometry, allowed us to obtain an absolute K_s magnitude for each star. In turn, this allows us to better estimate the stellar parameters than those obtained with photometric estimates alone and to better prioritize the targets chosen to monitor at high cadence for planetary transits. The MEarth sample is mostly complete out to a distance of 25 parsecs for stars of type M5.5V and earlier, and mostly complete for later type stars out to 20 parsecs. We find eight stars that are within ten parsecs of the Sun for which there did not exist a published trigonometric parallax distance estimate. We release with this work a catalog of the trigonometric parallax measurements for 1,507 mid-to-late M-dwarfs, as well as new estimates of their masses and radii.Comment: ApJ, accepted. 36 pages, 8 figures, 2 tables. Please find our data table here: http://www.cfa.harvard.edu/MEarth/DataDR2.htm

    Local Enterprise Agency loan funds and investment readiness in UK small firms

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    We considered (i) whether loan funds managed by Local Enterprise Agencies (LEAs) in England addressed the finance gap faced by new and small firms that are unable to raise investment capital from other sources, and (ii) whether LEA loan funds offered value-for-money and sustainability. Utilising realistic evaluation and data provided by LEAs, we found that funds had a high conversion rate of applications to loans, presumably because most referrals came from advisers and so propositions unlikely to be supported had already been weeded out, and due to high repayment rates. The level of demand suggested that knowledge of the availability of loans from these sources was still low, but that loans from LEAs were genuinely additional for small firms that would not otherwise have been able to raise the required finance from other sources, indeed in many cases leveraging commercially sourced funds. While LEA loan funds were becoming more efficient, they were not – and were unlikely to become – wholly sustainable. The high conversion rate (and low default rate) suggested that the real need for prospective entrepreneurs is effective advice and support to improve their ‘investment readiness’ and thus assist in unlocking the necessary financial support

    The rotation and Galactic kinematics of mid M dwarfs in the Solar Neighborhood

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    Rotation is a directly-observable stellar property, and drives magnetic field generation and activity through a magnetic dynamo. Main sequence stars with masses below approximately 0.35Msun (mid-to-late M dwarfs) are fully-convective, and are expected to have a different type of dynamo mechanism than solar-type stars. Measurements of their rotation rates provide insights into these mechanisms, but few rotation periods are available for these stars at field ages. Using photometry from the MEarth transit survey, we measure rotation periods for 387 nearby, mid-to-late M dwarfs in the Northern hemisphere, finding periods from 0.1 to 140 days. The typical detected rotator has stable, sinusoidal photometric modulations at a semi-amplitude of 0.5 to 1%. We find no period-amplitude relation for stars below 0.25Msun and an anti-correlation between period and amplitude for higher-mass M dwarfs. We highlight the existence of older, slowly-rotating stars without H{\alpha} emission that nevertheless have strong photometric variability. The Galactic kinematics of our sample is consistent with the local population of G and K dwarfs, and rotators have metallicities characteristic of the Solar Neighborhood. We use the W space velocities and established age-velocity relations to estimate that stars with P<10 days are on average <2 Gyrs, and that those with P>70 days are about 5 Gyrs. The period distribution is mass dependent: as the mass decreases, the slowest rotators at a given mass have longer periods, and the fastest rotators have shorter periods. We find a lack of stars with intermediate rotation periods. [Abridged]Comment: Accepted to ApJ. Machine readable tables and additional figures are available in the published article or on reques
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