We document a market failure to fully respond to loss/profit quarterly announcements. The annualized post portfolio formation return spread between two portfolios formed on extreme losses and extreme profits is approximately 21 percent. This loss/profit anomaly is incremental to previously...

type="main" <title type="main">ABSTRACT</title> <p>Contingent considerations (earnouts) in acquisition agreements provide sellers with future payments conditional on meeting certain conditions. Prior research provides evidence that acquiring firms use earnouts to minimize agency costs associated with acquisitions. Using...</p>

To prolong the shelf life postharvest jujube, the effect of carbon monoxide (CO) on senescence of postharvest jujube in relation to active oxygen metabolism was investigated. Jujubes were fumigated with CO gas at 5, 10, 20 or 40μmol/L for 1 h, and then stored for 30 days at room temperature....

ZnO:Tm, Gd materials with high quality blue light emissions were successfully prepared using the chemical co-precipitation method. The surface morphology, composition, crystal structure and fluorescence properties were investigated using the thermogravimetric analysis/differential thermal...

This paper employs a fully nonparametric stochastic frontier model with time and individual effects to study technical efficiency in China's post-reform economy. The panel data cover China's thirty provinces for the period of 1985–2008. The empirical results show that the average output...

Research Highlights [black right pointing pointer] This paper presents a time-variant estimation of technical efficiency in post-reform China. [black right pointing pointer] A fully nonparametric stochastic model is used to measure technical efficiency. [black right pointing pointer] The average...

Plasma HIV-1 RNA levels and CD4⁺ T cell counts in patients are associated with their progression rates to AIDS. After initiation of highly active antiretroviral therapy, these two variables display time-dependent dynamic changes with particular patterns well described by mathematical functions....

The extent and pattern of linkage disequilibrium (LD) determine the feasibility of association studies to map genes that underlie complex traits. Here we present a statistical algorithm for constructing a joint linkage-linkage disequilibrium map by simultaneously estimating the recombination...

A new technique of biodiesel production from Sapium sebiferum oil catalyzed by immobilized lipase from Pseudomonas cepacia G63 prepared in our laboratory was investigated in this study. The independent factors were studied and the significant factors to the yield of biodeisel were confirmed, and...