It is noted that necessity of further increase of accuracy of GPS positioning systems requires de-velopment of more perfect methods to compensate information losses occurred due to residual ionospheric delay by using ...It is noted that necessity of further increase of accuracy of GPS positioning systems requires de-velopment of more perfect methods to compensate information losses occurred due to residual ionospheric delay by using optimization procedures. According to the conditions of formulated optimization task, the signal/noise ratio in measurements of zenith wet delay depends on the second order ionospheric errors, geographic latitude and day of year. At the same time if we assume that the number of measurements at the fixed geographic site is proportional to geographic latitude and if we accept existence of only two antiphase scenarios for variation of residual ionospheric delay on latitude normed by their specific constant, there should be optimum functional dependence of precipitated water on latitude upon which the quantity of measuring information reaches the maximum. The mathematical grounding of solution of formulated optimization task is given.展开更多
This study examines the impact of employee stock ownership plans(ESOPs)on stock-price informativeness in Chinese stock markets.Its findings indicate that firms implementing ESOPs experienced an average 11.89 percent i...This study examines the impact of employee stock ownership plans(ESOPs)on stock-price informativeness in Chinese stock markets.Its findings indicate that firms implementing ESOPs experienced an average 11.89 percent increase in stock-price informativeness.The plans improved stock-price informativeness through increased external attention and supervision.An event study shows that ESOPs gave rise to an announcement effect,driven by anticipated performance improvements and the novelty associated with ESOPs.A mechanism analysis demonstrates that the implementation of ESOPs attracted market attention,and the increased market supervision resulting from this mitigated the moral hazards of management associated with ESOPs.Plans with more positive signals exerted a greater influence.Notably,ESOPs that prioritized management incentives gained more recognition in the market.As the incentive effects of ESOPs were weaker than those of equity incentive plans and the ESOPs lost novelty over time,the annual announcement effect diminished gradually.These findings underscore the necessity of strengthening ESOP incentives for continued optimization of priceefficiency.展开更多
This article explores the ethical considerations surrounding the reporting of offlabel and experimental treatments in medical case reports,with a focus on fields such as oncology,psychiatry,and pediatrics.It emphasize...This article explores the ethical considerations surrounding the reporting of offlabel and experimental treatments in medical case reports,with a focus on fields such as oncology,psychiatry,and pediatrics.It emphasizes the balance between innovation and evidence-based medicine,highlighting the critical role of case reports in disseminating clinical experiences and advancing medical knowledge.The discussion delves into the ethical framework guiding case reporting,including principles of patient autonomy,informed consent,non-maleficence,beneficence,justice,and transparency.Challenges such as negative outcome reporting,commercial interests,and the balance between innovation and caution are examined.Recommendations for ethical vigilance,the development of comprehensive guidelines,and the role of regulatory bodies are proposed to ensure patient safety and uphold scientific integrity.The article concludes by underscoring the importance of a collaborative effort among clinicians,researchers,ethicists,and regulatory bodies to foster the responsible advancement of medical science while adhering to the highest ethical standards.展开更多
Research on biogeographical ancestry(BGA)is becoming of growing interest in forensic genetics and in the biomedical literature(1)Thus,for instance,the need to predict ethnicity of an unknown suspect based on DNA profi...Research on biogeographical ancestry(BGA)is becoming of growing interest in forensic genetics and in the biomedical literature(1)Thus,for instance,the need to predict ethnicity of an unknown suspect based on DNA profiles found at the crime scene is of maximum interest in criminalistics[2],and several autosomal SNP panels have been designed and tested for BGA investigations[3,4].Most of these panels aim at discriminating three main continental groups(sub-Saharan Africans,Europeans,and Asians)by way of testing a number of ancestry informative markers(AIMs)that run from a few dozens to a few hundred[5](see more background in Supplementary data online).展开更多
The progressive removal of short-selling constraints in the Chinese stock market provides us with a natural experiment to investigate the relationship between firm-specific return variation(FSRV)and price informativen...The progressive removal of short-selling constraints in the Chinese stock market provides us with a natural experiment to investigate the relationship between firm-specific return variation(FSRV)and price informativeness.Based on the empirical finding that idiosyncratic volatility is a satisfied proxy for FSRV when the information environment for individual firms improves,we mainly find that the FSRV is negatively related to price informativeness.This negative relationship is robust to alternative model specifications,alternative proxies for price informativeness,and alternative estimation windows.Generally speaking,our results complement the extant literature on the mixed relationships between FSRV and price informativeness by providing cross-sectional evidence.展开更多
This paper examines the effect of Korea's fair disclosure regulation on the timeliness and informativeness of earnings announcements. The present regulation for Korean listed firms requires that if a company's...This paper examines the effect of Korea's fair disclosure regulation on the timeliness and informativeness of earnings announcements. The present regulation for Korean listed firms requires that if a company's sales revenue, operating income(or loss) and net income(or loss) have changed by over 30%compared to the prior year, the firm must disclose this information through a preliminary financial report(PFR) even before the company is audited by external auditors. To analyze the effects of this policy, we first investigate the timeliness of preliminary financial report disclosures. We examine the extent to which Korean listed companies actually comply with the requirement for prompt notification of information concerning material changes in financial performance. Second, we investigate the informativeness of preliminary financial reports by analyzing differential stock market reactions to different timings of preliminary financial report disclosures. Our empirical results reveal that more than half of our sample firms release their preliminary financialreports after external audits are completed, thereby potentially invalidating the effectiveness of the regulation. In addition, we find that preliminary financial reports have information value only if they are disclosed prior to annual audit report dates. This finding supports the notion that timeliness increases the informativeness of preliminary financial report disclosure by curbing insiders' ability to potentially profit from their information advantage.展开更多
供热负荷预测是指导供热系统调控的重要手段。提高供热负荷预测精度十分重要,针对机器学习中输出目标的分解预测,提出了一种基于季节和趋势分解(seasonal and trend decomposition using loess,STL)的供热负荷预测方法,构建了适用于供...供热负荷预测是指导供热系统调控的重要手段。提高供热负荷预测精度十分重要,针对机器学习中输出目标的分解预测,提出了一种基于季节和趋势分解(seasonal and trend decomposition using loess,STL)的供热负荷预测方法,构建了适用于供热负荷预测的输出目标。首先利用STL算法将供热负荷时间序列数据分解为趋势分量、周期分量和残差分量,分别训练Informer、BiLSTM和XGB模型,将构建好的3个分量预测模型的输出叠加作为初步预测结果,分析误差序列,以BiLSTM预测误差提高模型精度,构建出STL-Informer-BiLSTM-XGB预测模型。将上述模型与常用预测模型进行对比,结果表明所构建的STL-Informer-BiLSTM-XGB模型的MAPE、MAE和MSE分别为0.871%、96.18和13202.2,预测效果最优,验证了所提出的方法具有较高的供热负荷预测精度。展开更多
The issue of opacity within data-driven artificial intelligence(AI)algorithms has become an impediment to these algorithms’extensive utilization,especially within sensitive domains concerning health,safety,and high p...The issue of opacity within data-driven artificial intelligence(AI)algorithms has become an impediment to these algorithms’extensive utilization,especially within sensitive domains concerning health,safety,and high profitability,such as chemical engineering(CE).In order to promote reliable AI utilization in CE,this review discusses the concept of transparency within AI utilizations,which is defined based on both explainable AI(XAI)concepts and key features from within the CE field.This review also highlights the requirements of reliable AI from the aspects of causality(i.e.,the correlations between the predictions and inputs of an AI),explainability(i.e.,the operational rationales of the workflows),and informativeness(i.e.,the mechanistic insights of the investigating systems).Related techniques are evaluated together with state-of-the-art applications to highlight the significance of establishing reliable AI applications in CE.Furthermore,a comprehensive transparency analysis case study is provided as an example to enhance understanding.Overall,this work provides a thorough discussion of this subject matter in a way that—for the first time—is particularly geared toward chemical engineers in order to raise awareness of responsible AI utilization.With this vital missing link,AI is anticipated to serve as a novel and powerful tool that can tremendously aid chemical engineers in solving bottleneck challenges in CE.展开更多
文摘It is noted that necessity of further increase of accuracy of GPS positioning systems requires de-velopment of more perfect methods to compensate information losses occurred due to residual ionospheric delay by using optimization procedures. According to the conditions of formulated optimization task, the signal/noise ratio in measurements of zenith wet delay depends on the second order ionospheric errors, geographic latitude and day of year. At the same time if we assume that the number of measurements at the fixed geographic site is proportional to geographic latitude and if we accept existence of only two antiphase scenarios for variation of residual ionospheric delay on latitude normed by their specific constant, there should be optimum functional dependence of precipitated water on latitude upon which the quantity of measuring information reaches the maximum. The mathematical grounding of solution of formulated optimization task is given.
基金support from the National Social Science Fund of China(No.21BJY079).
文摘This study examines the impact of employee stock ownership plans(ESOPs)on stock-price informativeness in Chinese stock markets.Its findings indicate that firms implementing ESOPs experienced an average 11.89 percent increase in stock-price informativeness.The plans improved stock-price informativeness through increased external attention and supervision.An event study shows that ESOPs gave rise to an announcement effect,driven by anticipated performance improvements and the novelty associated with ESOPs.A mechanism analysis demonstrates that the implementation of ESOPs attracted market attention,and the increased market supervision resulting from this mitigated the moral hazards of management associated with ESOPs.Plans with more positive signals exerted a greater influence.Notably,ESOPs that prioritized management incentives gained more recognition in the market.As the incentive effects of ESOPs were weaker than those of equity incentive plans and the ESOPs lost novelty over time,the annual announcement effect diminished gradually.These findings underscore the necessity of strengthening ESOP incentives for continued optimization of priceefficiency.
文摘This article explores the ethical considerations surrounding the reporting of offlabel and experimental treatments in medical case reports,with a focus on fields such as oncology,psychiatry,and pediatrics.It emphasizes the balance between innovation and evidence-based medicine,highlighting the critical role of case reports in disseminating clinical experiences and advancing medical knowledge.The discussion delves into the ethical framework guiding case reporting,including principles of patient autonomy,informed consent,non-maleficence,beneficence,justice,and transparency.Challenges such as negative outcome reporting,commercial interests,and the balance between innovation and caution are examined.Recommendations for ethical vigilance,the development of comprehensive guidelines,and the role of regulatory bodies are proposed to ensure patient safety and uphold scientific integrity.The article concludes by underscoring the importance of a collaborative effort among clinicians,researchers,ethicists,and regulatory bodies to foster the responsible advancement of medical science while adhering to the highest ethical standards.
基金support from the project Ge PEM ISCIII/PI16/01478/Cofinanciado FEDER of the Instituto de Salud Carlos IIIsupport from project Re SVinext ISCIII/PI16/01569/Cofinanciado FEDER
文摘Research on biogeographical ancestry(BGA)is becoming of growing interest in forensic genetics and in the biomedical literature(1)Thus,for instance,the need to predict ethnicity of an unknown suspect based on DNA profiles found at the crime scene is of maximum interest in criminalistics[2],and several autosomal SNP panels have been designed and tested for BGA investigations[3,4].Most of these panels aim at discriminating three main continental groups(sub-Saharan Africans,Europeans,and Asians)by way of testing a number of ancestry informative markers(AIMs)that run from a few dozens to a few hundred[5](see more background in Supplementary data online).
基金supported by the National Natural Science Foundation of China(Grant Number:71320107003).
文摘The progressive removal of short-selling constraints in the Chinese stock market provides us with a natural experiment to investigate the relationship between firm-specific return variation(FSRV)and price informativeness.Based on the empirical finding that idiosyncratic volatility is a satisfied proxy for FSRV when the information environment for individual firms improves,we mainly find that the FSRV is negatively related to price informativeness.This negative relationship is robust to alternative model specifications,alternative proxies for price informativeness,and alternative estimation windows.Generally speaking,our results complement the extant literature on the mixed relationships between FSRV and price informativeness by providing cross-sectional evidence.
文摘This paper examines the effect of Korea's fair disclosure regulation on the timeliness and informativeness of earnings announcements. The present regulation for Korean listed firms requires that if a company's sales revenue, operating income(or loss) and net income(or loss) have changed by over 30%compared to the prior year, the firm must disclose this information through a preliminary financial report(PFR) even before the company is audited by external auditors. To analyze the effects of this policy, we first investigate the timeliness of preliminary financial report disclosures. We examine the extent to which Korean listed companies actually comply with the requirement for prompt notification of information concerning material changes in financial performance. Second, we investigate the informativeness of preliminary financial reports by analyzing differential stock market reactions to different timings of preliminary financial report disclosures. Our empirical results reveal that more than half of our sample firms release their preliminary financialreports after external audits are completed, thereby potentially invalidating the effectiveness of the regulation. In addition, we find that preliminary financial reports have information value only if they are disclosed prior to annual audit report dates. This finding supports the notion that timeliness increases the informativeness of preliminary financial report disclosure by curbing insiders' ability to potentially profit from their information advantage.
文摘供热负荷预测是指导供热系统调控的重要手段。提高供热负荷预测精度十分重要,针对机器学习中输出目标的分解预测,提出了一种基于季节和趋势分解(seasonal and trend decomposition using loess,STL)的供热负荷预测方法,构建了适用于供热负荷预测的输出目标。首先利用STL算法将供热负荷时间序列数据分解为趋势分量、周期分量和残差分量,分别训练Informer、BiLSTM和XGB模型,将构建好的3个分量预测模型的输出叠加作为初步预测结果,分析误差序列,以BiLSTM预测误差提高模型精度,构建出STL-Informer-BiLSTM-XGB预测模型。将上述模型与常用预测模型进行对比,结果表明所构建的STL-Informer-BiLSTM-XGB模型的MAPE、MAE和MSE分别为0.871%、96.18和13202.2,预测效果最优,验证了所提出的方法具有较高的供热负荷预测精度。
文摘The issue of opacity within data-driven artificial intelligence(AI)algorithms has become an impediment to these algorithms’extensive utilization,especially within sensitive domains concerning health,safety,and high profitability,such as chemical engineering(CE).In order to promote reliable AI utilization in CE,this review discusses the concept of transparency within AI utilizations,which is defined based on both explainable AI(XAI)concepts and key features from within the CE field.This review also highlights the requirements of reliable AI from the aspects of causality(i.e.,the correlations between the predictions and inputs of an AI),explainability(i.e.,the operational rationales of the workflows),and informativeness(i.e.,the mechanistic insights of the investigating systems).Related techniques are evaluated together with state-of-the-art applications to highlight the significance of establishing reliable AI applications in CE.Furthermore,a comprehensive transparency analysis case study is provided as an example to enhance understanding.Overall,this work provides a thorough discussion of this subject matter in a way that—for the first time—is particularly geared toward chemical engineers in order to raise awareness of responsible AI utilization.With this vital missing link,AI is anticipated to serve as a novel and powerful tool that can tremendously aid chemical engineers in solving bottleneck challenges in CE.