Acila divaricata (Hinds, 1843) and A. mirabilis (Adams and Reeve, 1850) are common benthic bivalves in China. A number of researchers have proposed that the latter species is a junior synonym of the former species...Acila divaricata (Hinds, 1843) and A. mirabilis (Adams and Reeve, 1850) are common benthic bivalves in China. A number of researchers have proposed that the latter species is a junior synonym of the former species. Because of morphological similarities, it is difficult to distinguish these two species based on visual examination only. For better understanding of their taxon-omy, the mitochondrial CO1 gene fragments of five individuals of A. divaricata from the East China Sea and six individuals of A. mirabilis from the Yellow Sea were sequenced in this study. The phylogenetic relationships of the obtained COI sequences, together with nineteen sequences of three species of the genus Nucula, were analyzed. The pairwise intra- and inter-specific distances for the CO1 sequences ranged from 0.002 to 0.017 and from 0.128 to 0.134, respectively, and no overlap was found. Phylogenetically, A. divaricata and A. mirabilis form distinct clades and cluster into a sister to all other Nucula species. The results indicated that A. di-varicata and A. mirabilis are two distinct species. The differences in the morphology and distribution between the two species were briefly discussed.展开更多
Base on panel data of manufacturing and high-tech industry companies which discoursed R & D expenditure in financial statements from 2004 to 2011, this paper studies the relationship between debt financing and corpor...Base on panel data of manufacturing and high-tech industry companies which discoursed R & D expenditure in financial statements from 2004 to 2011, this paper studies the relationship between debt financing and corporate R & D expenditure under different grow opportunities by using the robust fixed effects that Daniel Hoechle proposed m 2007. The results show that there is not a "increasing first, decreasing later" non-linear relationship but a "double negative" relationship between debt level and corporate R & D expenditure. And the "double negative" relationship has a different mechanism in different growth companies.展开更多
The study aims to focus upon the association between the auditors and companies by indicating how this association affects the quality of audit and auditor independence in a developing country (the case of Bahrain)....The study aims to focus upon the association between the auditors and companies by indicating how this association affects the quality of audit and auditor independence in a developing country (the case of Bahrain). To achieve these objectives, a questionnaire was developed and distributed to respondents from audit firms in Bahrain. Descriptive statistics were used to analyse the influence of auditor-client association upon quality of audit and auditor independence and how audit quality and auditor independence are improved was also explored in the study. The results show that all the questions (1-8) in the questionnaire impair both audit quality and auditor independence with the means ranging from 3.6000 to 4.0364 with an average mean of 3.7212. According to the measurement scale, any item with a mean of 3.50 or more is acceptable, and since all the influences are above 3.50, they are all acceptable. Regarding how auditor-client relationship (or long tenured auditor) would improve both quality of audit and auditor independence, the results show that all the questions (9-17) would improve both audit quality and auditor independence with the means ranging from 3.6364 to 4.0727 with an average of 3.8646, which are acceptable. These results confirm statistically that there is a significant relationship between the auditor long-term tenure and audit quality and auditor independence, so the null hypothesis (H0) is rejected and the alternative hypothesis is accepted. Simple regression analysis is employed to test the hypothesis of the study and its significance. The results show that (H0) hypothesis is not significant. Therefore, the alternative hypothesis (H1) is significant at p 〈 0.005, which means that there are differences in viewpoints among respondents and the p-value obtained is 0.044 which is less than the significant value of p 〈 0.05. These results confirm the hypothesis that a significant relationship exists between the auditor long-term tenure and quality of audit and auditor independence.展开更多
This paper investigates the short- and long-run causality relationship between Islamic banking and the economic growth. The main goal of this paper is to examine the relationship between the economic growth and Islami...This paper investigates the short- and long-run causality relationship between Islamic banking and the economic growth. The main goal of this paper is to examine the relationship between the economic growth and Islamic banking. The dataset used covers the Asia countries over the period of 1980-2009. The unit root test Im, Pesaran, and Shin (IPS) (2003) confirms that all of the variables that the authors use in the equation below are stationary. The empirical result of the Granger causality test shows a bidirectional relationship between Islamic banking and the economic growth and also a bidirectional relationship between the economic growth and export.展开更多
This paper builds on the literature of the relationship between oil spot and futures prices from the NYNEX market, both in their means and in their conditional volatilities, to investigate whether the association is l...This paper builds on the literature of the relationship between oil spot and futures prices from the NYNEX market, both in their means and in their conditional volatilities, to investigate whether the association is linear or not. The novelty of this work is based on intraday data from both markets. The empirical findings indicate the presence of nonlinearities both in means and conditional volatilities. Moreover, non-linear causality estimations both in means and in volatilities reveal the presence of bi-directional causality, a fact that provides additional support to the hypothesis that both markets are driven by the same information sets.展开更多
C. taylorii (Chrysophaeum taylorii) Lewis and Bryan (Pelagophyceae) are benthic mucilage-producing microalgae recently recorded in the Mediterranean Sea, where its summer blooms are having detrimental effects on b...C. taylorii (Chrysophaeum taylorii) Lewis and Bryan (Pelagophyceae) are benthic mucilage-producing microalgae recently recorded in the Mediterranean Sea, where its summer blooms are having detrimental effects on benthic communities, fisheries and tourism, especially along the Sardinian coasts (western Mediterranean Sea). Although few informations on the bloom dynamics of this microalga are available in literature jet, recent studies have hypothesized that sea water temperature plays a major role in determining the distribution and abundance of C. taylorii. The goal of this pilot study was to verify the above-mentioned statement providing experimental evidence for it. To this purpose, C. taylorii presence and abundance were investigated along a temperature gradient near the powerhouse of Torre Valdaliga (Latium coasts), where a stream of hot water is continuously pumped out from the powerhouse into the sea. The obtained data showed that C. taylorii abundance was significantly higher in the study sites nearer to the powerhouse and a positive correlation between water temperature and cell densities was found, thus confirming that water temperature is one of the environmental variables directly influencing the bloom dynamics of this microalga in the Mediterranean Sea.展开更多
The growth has been studied from multiple angles and varied approaches so it is a factor that must be evaluated in micro, small and medium-sized enterprises (SMEs) in order to make decisions that improve their resul...The growth has been studied from multiple angles and varied approaches so it is a factor that must be evaluated in micro, small and medium-sized enterprises (SMEs) in order to make decisions that improve their results. In the same way, the creation of strategies need a deep situational analysis, it is equally important to the efficiency and effectiveness of such strategies so they become operational. The central question addressed in the present study was identifying the variables that provide its own validity and, secondly, to determine which variables have a higher impact on the response variable (sales). The survey contains 159 items in 58 grouped questions. The collected data from a sample of 109 enterprises from different sectors and sizes were codified in order to carry out general descriptive procedures. The reliability of the instrument showed a Cronbach's alpha value of 0.8. The main statistical method used was the regression analysis. In order to carry it out, six compound variables were entered for the factors of information technologies, innovation, trading efforts, human resources, quality and technology. The results reveal that the more prepared the manager is and the more effectiveness obtained from the training program then the better indicators of growth will be obtained as a result (i.e. sales). The more integration among quality indicators (development of specifications and cost reduction programs) is, the better levels of growth (i.e. sales and growth perception) will be. The information technologies must be analyzed by the enterprises because once they are classified by their size, it is possible to observe a positive and significant correlation in any of the two ways of measuring the company's growth. The results can be useful for the people in charge of key decisions in any kind of enterprise as it displays a theoretical background for identify their main competitive variables.展开更多
The authors consider relational databases organized over an ordered domain with some additional relations - a typical example is the ordered domain of rational numbers together with the operation of addition. In the f...The authors consider relational databases organized over an ordered domain with some additional relations - a typical example is the ordered domain of rational numbers together with the operation of addition. In the focus of our study are the FO (first-order) queries that are invariant under order-preserving permutations-such queries are called order-generic. It was discovered that for some domains order-generic FO queries fail to express more than pure order queries. The collapse result theorem was proved for locally genetic queries over a linearly ordered domain with the Pseudo finite Homogeneity Property (or / and the Isolation Property) by Belegradek et al.. Here the authors consider a circularly ordered domain and prove the collapse result theorem over a quasi circularly minimal domain.展开更多
This paper uses minute by minute data series from Chinese commodity futures markets to study patterns of intraday effect and discovers the L pattern of absolute return and volume.It is different from stock market,whic...This paper uses minute by minute data series from Chinese commodity futures markets to study patterns of intraday effect and discovers the L pattern of absolute return and volume.It is different from stock market,which has a distinctive pattern of U-shaped.The financial market microstructure theory,traders' psychology and trading mechanism are applied to explain it.Then this paper studies the factors that influence volatility of return and the lagged orders.The results show that there is a bilateral Granger causality among any two of the absolute return,volume and open interest,and it is different from the empirical results of the stock market,in the sense that there is only a unilateral Granger causal relationship from volume to absolute return.The authors also analyze the dynamic relationship among these three factors.The empirical results tell that the influence of open interest on volatility of absolute return and volume is weak,and there is a strong correlation between absolute return and volume.Some investment suggestions are offered from the analysis mentioned above.展开更多
Schistosomiasis is a serious public health problem in the middle-lower Yangtze River Basin in China. Study of spatial variation of snail distribution that is related to microgeographic factors can help to choose perti...Schistosomiasis is a serious public health problem in the middle-lower Yangtze River Basin in China. Study of spatial variation of snail distribution that is related to microgeographic factors can help to choose pertinent measures for snail extinguishment and environment rebuilding. This paper studied the theoretical architecture of weights-of-evidence approach. The case study was made for spatial relation between the occurrence of infected snails and geographic factor combinations in Waijiazhou marshland of Poyang Lake region in China. The multievidence data came from the geographical factor combinations by crossing operation of vegetation coverage grade layer, cattle route distance grade layer, and special environment layer (181 combinations in total) in GIS. The calculation of weight contrast index shows that high vegetation coverage, cattle route distance of <45 meters, and special geographic factor "ground depression" had direct spatial relation with the occurrence of infected snails. The verification by crossing operation in GIS indicated 72.45% of the infected snails concentrated on the areas of positive weight contrast index (sequenced in an order of weight contrast index from high to low), demonstrating the high efficiency of the model established in finding infected snails according to the geographic factor combinations that can be explicitly discerned in the study area.展开更多
基金supported by the Knowledge Innovation Program of the Chinese Academy of Sciences (No.KSCX2-YW-N-0807)the External Cooperation Program of the Chinese Academy of Sciences (No.GJHZ200808)+1 种基金the Special Program for Key Basic Research of the Ministry of Science and Technology of China (No.2006 FY110500)IOCAS funding (Nos.2012IO060102, 2012IO060104)
文摘Acila divaricata (Hinds, 1843) and A. mirabilis (Adams and Reeve, 1850) are common benthic bivalves in China. A number of researchers have proposed that the latter species is a junior synonym of the former species. Because of morphological similarities, it is difficult to distinguish these two species based on visual examination only. For better understanding of their taxon-omy, the mitochondrial CO1 gene fragments of five individuals of A. divaricata from the East China Sea and six individuals of A. mirabilis from the Yellow Sea were sequenced in this study. The phylogenetic relationships of the obtained COI sequences, together with nineteen sequences of three species of the genus Nucula, were analyzed. The pairwise intra- and inter-specific distances for the CO1 sequences ranged from 0.002 to 0.017 and from 0.128 to 0.134, respectively, and no overlap was found. Phylogenetically, A. divaricata and A. mirabilis form distinct clades and cluster into a sister to all other Nucula species. The results indicated that A. di-varicata and A. mirabilis are two distinct species. The differences in the morphology and distribution between the two species were briefly discussed.
文摘Base on panel data of manufacturing and high-tech industry companies which discoursed R & D expenditure in financial statements from 2004 to 2011, this paper studies the relationship between debt financing and corporate R & D expenditure under different grow opportunities by using the robust fixed effects that Daniel Hoechle proposed m 2007. The results show that there is not a "increasing first, decreasing later" non-linear relationship but a "double negative" relationship between debt level and corporate R & D expenditure. And the "double negative" relationship has a different mechanism in different growth companies.
文摘The study aims to focus upon the association between the auditors and companies by indicating how this association affects the quality of audit and auditor independence in a developing country (the case of Bahrain). To achieve these objectives, a questionnaire was developed and distributed to respondents from audit firms in Bahrain. Descriptive statistics were used to analyse the influence of auditor-client association upon quality of audit and auditor independence and how audit quality and auditor independence are improved was also explored in the study. The results show that all the questions (1-8) in the questionnaire impair both audit quality and auditor independence with the means ranging from 3.6000 to 4.0364 with an average mean of 3.7212. According to the measurement scale, any item with a mean of 3.50 or more is acceptable, and since all the influences are above 3.50, they are all acceptable. Regarding how auditor-client relationship (or long tenured auditor) would improve both quality of audit and auditor independence, the results show that all the questions (9-17) would improve both audit quality and auditor independence with the means ranging from 3.6364 to 4.0727 with an average of 3.8646, which are acceptable. These results confirm statistically that there is a significant relationship between the auditor long-term tenure and audit quality and auditor independence, so the null hypothesis (H0) is rejected and the alternative hypothesis is accepted. Simple regression analysis is employed to test the hypothesis of the study and its significance. The results show that (H0) hypothesis is not significant. Therefore, the alternative hypothesis (H1) is significant at p 〈 0.005, which means that there are differences in viewpoints among respondents and the p-value obtained is 0.044 which is less than the significant value of p 〈 0.05. These results confirm the hypothesis that a significant relationship exists between the auditor long-term tenure and quality of audit and auditor independence.
文摘This paper investigates the short- and long-run causality relationship between Islamic banking and the economic growth. The main goal of this paper is to examine the relationship between the economic growth and Islamic banking. The dataset used covers the Asia countries over the period of 1980-2009. The unit root test Im, Pesaran, and Shin (IPS) (2003) confirms that all of the variables that the authors use in the equation below are stationary. The empirical result of the Granger causality test shows a bidirectional relationship between Islamic banking and the economic growth and also a bidirectional relationship between the economic growth and export.
文摘This paper builds on the literature of the relationship between oil spot and futures prices from the NYNEX market, both in their means and in their conditional volatilities, to investigate whether the association is linear or not. The novelty of this work is based on intraday data from both markets. The empirical findings indicate the presence of nonlinearities both in means and conditional volatilities. Moreover, non-linear causality estimations both in means and in volatilities reveal the presence of bi-directional causality, a fact that provides additional support to the hypothesis that both markets are driven by the same information sets.
文摘C. taylorii (Chrysophaeum taylorii) Lewis and Bryan (Pelagophyceae) are benthic mucilage-producing microalgae recently recorded in the Mediterranean Sea, where its summer blooms are having detrimental effects on benthic communities, fisheries and tourism, especially along the Sardinian coasts (western Mediterranean Sea). Although few informations on the bloom dynamics of this microalga are available in literature jet, recent studies have hypothesized that sea water temperature plays a major role in determining the distribution and abundance of C. taylorii. The goal of this pilot study was to verify the above-mentioned statement providing experimental evidence for it. To this purpose, C. taylorii presence and abundance were investigated along a temperature gradient near the powerhouse of Torre Valdaliga (Latium coasts), where a stream of hot water is continuously pumped out from the powerhouse into the sea. The obtained data showed that C. taylorii abundance was significantly higher in the study sites nearer to the powerhouse and a positive correlation between water temperature and cell densities was found, thus confirming that water temperature is one of the environmental variables directly influencing the bloom dynamics of this microalga in the Mediterranean Sea.
文摘The growth has been studied from multiple angles and varied approaches so it is a factor that must be evaluated in micro, small and medium-sized enterprises (SMEs) in order to make decisions that improve their results. In the same way, the creation of strategies need a deep situational analysis, it is equally important to the efficiency and effectiveness of such strategies so they become operational. The central question addressed in the present study was identifying the variables that provide its own validity and, secondly, to determine which variables have a higher impact on the response variable (sales). The survey contains 159 items in 58 grouped questions. The collected data from a sample of 109 enterprises from different sectors and sizes were codified in order to carry out general descriptive procedures. The reliability of the instrument showed a Cronbach's alpha value of 0.8. The main statistical method used was the regression analysis. In order to carry it out, six compound variables were entered for the factors of information technologies, innovation, trading efforts, human resources, quality and technology. The results reveal that the more prepared the manager is and the more effectiveness obtained from the training program then the better indicators of growth will be obtained as a result (i.e. sales). The more integration among quality indicators (development of specifications and cost reduction programs) is, the better levels of growth (i.e. sales and growth perception) will be. The information technologies must be analyzed by the enterprises because once they are classified by their size, it is possible to observe a positive and significant correlation in any of the two ways of measuring the company's growth. The results can be useful for the people in charge of key decisions in any kind of enterprise as it displays a theoretical background for identify their main competitive variables.
文摘The authors consider relational databases organized over an ordered domain with some additional relations - a typical example is the ordered domain of rational numbers together with the operation of addition. In the focus of our study are the FO (first-order) queries that are invariant under order-preserving permutations-such queries are called order-generic. It was discovered that for some domains order-generic FO queries fail to express more than pure order queries. The collapse result theorem was proved for locally genetic queries over a linearly ordered domain with the Pseudo finite Homogeneity Property (or / and the Isolation Property) by Belegradek et al.. Here the authors consider a circularly ordered domain and prove the collapse result theorem over a quasi circularly minimal domain.
基金supported by the National Science Fund of China under Grant Nos.71471182 and 71071170Program for New Century Excellent Talents in University under Grant No.NCET-11-0750Program for Innovation Research in Central University of Finance and Economics
文摘This paper uses minute by minute data series from Chinese commodity futures markets to study patterns of intraday effect and discovers the L pattern of absolute return and volume.It is different from stock market,which has a distinctive pattern of U-shaped.The financial market microstructure theory,traders' psychology and trading mechanism are applied to explain it.Then this paper studies the factors that influence volatility of return and the lagged orders.The results show that there is a bilateral Granger causality among any two of the absolute return,volume and open interest,and it is different from the empirical results of the stock market,in the sense that there is only a unilateral Granger causal relationship from volume to absolute return.The authors also analyze the dynamic relationship among these three factors.The empirical results tell that the influence of open interest on volatility of absolute return and volume is weak,and there is a strong correlation between absolute return and volume.Some investment suggestions are offered from the analysis mentioned above.
基金Supported by a the National Natural Science Fundation of China (No. 30590370)the Research Project "Spatial Simulation of Schistosomiasis Susceptible Areas in the Poyang Lake Region" Sponsored by Science Research Plan 2007 of Jiangxi Normal University (Natural Science Category)
文摘Schistosomiasis is a serious public health problem in the middle-lower Yangtze River Basin in China. Study of spatial variation of snail distribution that is related to microgeographic factors can help to choose pertinent measures for snail extinguishment and environment rebuilding. This paper studied the theoretical architecture of weights-of-evidence approach. The case study was made for spatial relation between the occurrence of infected snails and geographic factor combinations in Waijiazhou marshland of Poyang Lake region in China. The multievidence data came from the geographical factor combinations by crossing operation of vegetation coverage grade layer, cattle route distance grade layer, and special environment layer (181 combinations in total) in GIS. The calculation of weight contrast index shows that high vegetation coverage, cattle route distance of <45 meters, and special geographic factor "ground depression" had direct spatial relation with the occurrence of infected snails. The verification by crossing operation in GIS indicated 72.45% of the infected snails concentrated on the areas of positive weight contrast index (sequenced in an order of weight contrast index from high to low), demonstrating the high efficiency of the model established in finding infected snails according to the geographic factor combinations that can be explicitly discerned in the study area.