The Link Between Internet Financial Reporting and Information Asymmetry for American Depository Receipts

We provide evidence on the effect of the presentation format and information content of Internet financial reporting on the market value of American Depository Receipts and on country-specific variables that drive Internet financial reporting. A two-stage Heckman approach was used to determine if Internet financial reporting adds incremental value to firms beyond the decision to cross-list in the United States. The results indicate that investors more highly value firms that provide information in multiple formats. We also find that country-specific variables affect the information content, but not the presentation format of disclosures on corporate websites. The results uncover a disconnection between what the market values （presentation format） and what the firms believe the market values （information content）. This implies that firms are not entirely aware of investors＇ information wants and that they are not utilizing their resources in the manner that will have the most impact on their market value.

A re-evaluation of the average chain length of lacustrine sedimentary n-alkanes as a paleoproxy on the Qinghai-Tibet Plateau

Long-chain n-alkanes are one of the most common organic compounds in terrestrial plants and they are well-preserved in various geological archives.n-alkanes are relatively resistant to degradation and thus they can provide high-fidelity records of past vegetation and climate changes.Nevertheless,previous studies have shown that the interpretation of n-alkane proxies,such as the average chain length(ACL),is often ambiguous since this proxy depends on more than one variable.Both vegetation and climate could exert controls on the n-alkane ACL,and hence its interpretation requires careful consideration,especially in regions like the Qinghai-Tibet Plateau(QTP)where topography,biome type and moisture source are highly variable.To further evaluate the influences of vegetation and climate on the ACL in high-elevation lakes,we examined the n-alkane distributions of the surface sediments of 55 lakes across the QTP.Our results show that the ACL across a climatic gradient is significantly affected by precipitation,rather than by temperature.The positive correlation between ACL and precipitation may be because of the effect of microbial degradation during deposition.Finally,we suggest that more caution is needed in the interpretation of ACL data in different regions.

Metabolomics in Schizophrenia and Major Depressive Disorder

Defining pathophenotype, a systems level consequence of a disease genotype, together with environmental and stochastic influences, is an arduous task in psychiatry. It is also an appealing goal, given growing need for appreciation of brain disorders biological complexity, aspiration for diagnostic tests development and ambition to identify novel drug targets. Here, we focus on the Schizophrenia and Major Depressive Disorder and highlight recent advances in metabolomics research. As a systems biologytool, metabolomics holds a promise to take part in elucidating interactions between genes and environment, in complex behavioral traits and psychopathology risk translational research.