13,443 research outputs found
The neutron star inner crust and symmetry energy
The cell structure of clusters in the inner crust of a cold \beta-equilibrium
neutron star is studied within a Thomas Fermi approach and compared with other
approaches which include shell effects. Relativistic nuclear models are
considered. We conclude that the symmetry energy slope L may have quite
dramatic effects on the cell structure if it is very large or small. Rod-like
and slab-like pasta clusters have been obtained in all models except one with a
large slope L.Comment: 16 pages, 5 figure
Quieting the Sharholders\u27 Voice: Empirical Evidence of Pervasive Bundling in Proxy Solicitations
The integrity of shareholder voting is critical to the legitimacy of corporate law. One threat to this process is proxy “bundling,” or the joinder of more than one separate item into a single proxy proposal. Bundling deprives shareholders of the right to convey their views on each separate matter being put to a vote and forces them to either reject the entire proposal or approve items they might not otherwise want implemented.
In this Paper, we provide the first comprehensive evaluation of the anti-bundling rules adopted by the Securities and Exchange Commission (“SEC”) in 1992. While we find that the courts have carefully developed a framework for the proper scope and application of the rules, the SEC and proxy advisory firms have been less vigilant in defending this instrumental shareholder right. In particular, we note that the most recent SEC interpretive guidance has undercut the effectiveness of the existing rules, and that, surprisingly, proxy advisory firms do not have well-defined heuristics to discourage bundling.
Building on the theoretical framework, this Article provides the first large-scale empirical study of bundling of management proposals. We develop four possible definitions of impermissible bundling and, utilizing a data set of over 1,300 management proposals, show that the frequency of bundling in our sample ranges from 6.2 percent to 28.8 percent (depending on which of the four bundling definitions is used). It is apparent that bundling occurs far more frequently than indicated by prior studies.
We further examine our data to report the items that are most frequently bundled and to analyze the proxy advisors’ recommendations and the voting patterns associated with bundled proposals. This Article concludes with important implications for the SEC, proxy advisors, and institutional investors as to how each party can more effectively deter impermissible bundling and thus better protect the shareholder franchise
Simultaneous Visibility Representations of Plane st-graphs Using L-shapes
Let be a pair of plane -graphs with the same
vertex set . A simultaneous visibility representation with L-shapes of
is a pair of bar visibility representations
such that, for every vertex ,
and are a horizontal and a vertical segment, which
share an end-point. In other words, every vertex is drawn as an -shape,
every edge of is a vertical visibility segment, and every edge of
is a horizontal visibility segment. Also, no two L-shapes intersect each other.
An L-shape has four possible rotations, and we assume that each vertex is given
a rotation for its L-shape as part of the input. Our main results are: (i) a
characterization of those pairs of plane -graphs admitting such a
representation, (ii) a cubic time algorithm to recognize them, and (iii) a
linear time drawing algorithm if the test is positive
US market entry by Spanish pharmaceutical firms
This work explores the factors that spur firms’ propensity to enter in international markets. Among the whole population of Spanish firms active in the pharmaceutical sector (over the period 1995-2004), we identify those firms that have entered the US market by assessing whether they have filed at least a trademark in the US Patents and Trademarks Office. By means of a hazard model, we empirically estimate which firm’s characteristics affect the probability of entry in the US market in a given year. Results show that technological capabilities (breadth and depth of firms’ patent base), and the firm’s cost structure explain the entry in the US market with a branded product. Moreover, our evidence shows that entry strategies based on differentiation advantage (technological diversification) and strategies based on cost advantage (scale economies) are exclusive and do not mix well each otherForeign market entry, Internationalization strategies, Firm-Specific advantages, Competitive advantage, Innovation and R&D, Patents, Trademarks
Topological Josephson -junctions
We study the effect of a magnetic field on the current-phase relation of a
topological Josephson junction formed by connecting two superconductors through
the helical edge states of a quantum spin-Hall insulator. We predict that the
Zeeman effect along the spin quantization axis of the helical edges results in
an anomalous Josephson relation that allows for a supercurrent to flow in the
absence of superconducting phase bias. We relate the associated field-tunable
phase shift in the Josephson relation of such a -junction to
the existence of a so-called helical superconductivity, which may result from
the interplay of the Zeeman effect and spin-orbit coupling. We analyze the
dependence of the magneto-supercurrent on the junction length and discuss its
observability in suitably designed hybrid structures subject to an in-plane
magnetic field.Comment: 7 pages, 3 figures, Appendix and references adde
Flow curvature effects on dynamic behaviour of a novel vertical axis tidal current turbine: numerical and experimental analysis
The paper deals with performances analysis of vertical axis turbine to exploit tidal marine currents. Flow curvature effects on performences of a novel vertical axis turbine have been investuigated. It has been shown that the flow curvature effect allows to design properly an accurate airfoil shape to increase turbine performances
Electron-vibration coupling constants in positively charged fullerene
Recent experiments have shown that C60 can be positively field-doped. In that
state, fullerene exhibits a higher resistivity and a higher superconducting
temperature than the corresponding negatively doped state. A strong
intramolecular hole-phonon coupling, connected with the Jahn-Teller effect of
the isolated positive ion, is expected to be important for both properties, but
the actual coupling strengths are so far unknown. Based on density functional
calculations, we determine the linear couplings of the two a_g, six g_g, and
eight h_g vibrational modes to the H_u HOMO level of the C60 molecule. The
couplings predict a D_5 distortion, and an H_u vibronic ground state for C60^+.
They are also used to generate the dimensionless coupling constant
which controls the superconductivity and the phonon contribution to the
electrical resistivity in the crystalline phase. We find that is 1.4
times larger in positively-charged C60 than in the negatively-doped case. These
results are discussed in the context of the available transport data and
superconducting temperatures. The role of higher orbital degeneracy in
superconductivity is also addressed.Comment: 22 pages - 3 figures. This revision includes few punctuation
corrections from proofreadin
The Equilibrium Photoionized Absorber in 3C351
We present two ROSAT PSPC observations of the radio-loud, lobe-dominated
quasar 3C 351, which shows an `ionized absorber' in its X-ray spectrum. The
factor 1.7 change in flux in the 2~years between the observations allows
a test of models for this ionized absorber.
The absorption feature at ~0.7 keV (quasar frame) is present in both spectra
but with a lower optical depth when the source intensity - and hence the
ionizing flux at the absorber - is higher, in accordance with a simple,
single-zone, equilibrium photoionization model. Detailed modeling confirms this
agrement quantitatively. The maximum response time of 2 years allows us to
limit the gas density: n_e > 2 x 10^4 cm^{-3}; and the distance of the ionized
gas from the central source R < 19 pc. This produces a strong test for a
photoionized absorber in 3C~351: a factor 2 flux change in ~1 week in this
source must show non-equilibrium effects in the ionized absorber.Comment: 10 pages, 3 figures, accepted by Ap
BeppoSAX Observations of the Maser Sy2 Galaxy: ESO103-G35
We have made BeppoSAX observations of the Seyfert 2/1.9 galaxy ESO103-G35,
which contains a nuclear maser source and is known to be heavily absorbed in
the X-rays. Analysis of the X-ray spectra observed by SAX in October 1996 and
1997 yields a spectral index 0.74+/-0.07, typical of Seyfert galaxies and
consistent with earlier observations of this source. The strong, soft X-ray
absorption has column density 1.79E(23)/cm^2, again consistent with earlier
results. The best fitting spectrum is that of a power law with a high energy
cutoff at 29+/-10 keV, a cold, marginally resolved Fe Kalpha line with EW 290
eV (1996) and a mildly ionized Fe K-edge at 7.37 keV. The Kalpha line and cold
absorption are consistent with origin in a accretion disk/torus through which
our line-of-sight passes at a radial distance of pc. The Fe K-edge is
mildly ionized suggesting the presence of ionized gas probably in the inner
accretion disk, close to the central source or in a separate warm absorber. The
data quality is too low to distinguish between these possibilities but the
edge-on geometry implied by the water maser emission favors the former.
Comparison with earlier observations of ESO103-G35 shows little/no change in
spectral parameters while the flux changes by factors of a few on timescales of
a few months. The 2--10 keV flux decreased by a factor of 2.7 between Oct 1996
and Oct 1997 with no detectable change in the count rate >20 keV suggesting a
constant or delayed response reflection component. The high energy cutoff is
lower than the typical 300keV values seen in Seyfert galaxies. A significant
subset of similar sources would affect current models of the AGN contribution
to the cosmic X-ray background which generally assume a high energy cutoff of
300 keV.Comment: 22 pages, postscript file, accepted for publication in Ap
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