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In this study, we develop a technique for estimating a firm’s expected cost of equity capital derived from analyst consensus forecasts and stock prices. Building on the work of Gebhardt/Lee/-Swaminathan (2001) and Easton/Taylor/Shroff/Sougiannis (2002), our approach allows daily estimation, using only publicly available information at that date. We then estimate the expected cost of equity capital at the market, industry and individual firm level using historical German data from 1989-2002 and examine firm characteristics which are systematically related to these estimates. Finally, we demonstrate the applicability of the concept in a contemporary case study for DaimlerChrysler and the European automobile industry.
The question whether the adoption of International Financial Reporting Standards (IFRS) will result in measurable economic benefits is of special policy relevance in particular given the European Union’s decision to require the application of IFRS by listed companies from 2005/2007. In this paper, I investigate the common con-jecture that internationally recognized high quality reporting standards (IAS/IFRS or US-GAAP) reduce the cost of capital of adopting firms (e.g. Levitt 1998; IASB 2002). Building on Leuz/Verrecchia (2000), I use a set of German firms which pre-adopted such standards before 2005, but investigate the potential economic benefits by analyzing their expected cost of equity capital utilizing and customizing avail-able implied estimation methods (e.g. Gebhardt/Lee/Swaminathan 2001, Easton/Taylor/Shroff/Sougiannis 2002, Easton 2004). Evidence from a sample of about 13,000 HGB, 4,500 IAS/IFRS and 3,000 US-GAAP firm-month observations in the period 1993-2002 generally fails to document lower expected cost of equity capital and therefore measurable economic benefits for firms applying IAS/IFRS or US-GAAP. Accordingly, I caution to state that reporting under internationally accepted standards, per se, lowers the cost of equity capital of adopting firms.
Maintenance of genomic integrity is essential to avoid cellular transformation, neoplasia, or cell death. DNA synthesis, mitosis, and cytokinesis are important cellular processes required for cell division and the maintenance of cellular homeostasis; they are governed by many extra- and intra-cellular stimuli. Progression of normal cell division depends on cyclin interaction with cyclin-dependent kinases (Cdk) and the degradation of cyclins before chromosomal segregation through ubiquitination. Multiple checkpoints exist and are conserved in the cell cycle in higher eukaryotes to ensure that if one fails, others will take care of genomic integrity and cell survival. Many genes act as either positive or negative regulators of checkpoint function through different kinase cascades, delaying cell cycle progression to repair the DNA lesions and breaks, and assuring equal segregation of chromosomes to daughter cells. Understanding the checkpoint pathways and genes involved in the cellular response to DNA damage and cell division events in normal and cancer cells, provides information about cancer predisposition, and suggests design of small molecules and other strategies for cancer therapy. Key Words: ATM-ATR; ATM/ATR; Aurora kinases; BRCAl; Cdc6; Cdc25; Cdc27-Cdc20/CdhI; Cell cycle; CENP-E; centrosome; checkpoint; Chkl/Chk2; cyc1in-Cdk; cyclindependent kinase inhibitors (CKI); hATRIP; Mad/Bub; MCM; MgcRacGAP; microtubule-associated proteins (MAPs); mitotic exit network (MEN); Mpsl; NIMA kinases; ORC; p53; PCNA; PBK-Akt; Plk; Rad50-Nbsl-Mrell; Ran-GTP; Ras; RB-E2F; SMC; Teml.
Linearization-based HPSG theories are widely used for analyzing languages with relatively free constituent order. This paper introduces the Generalized ID/LP (GIDLP) grammar format, which supports a direct encoding of such theories, and discusses key aspects of a parser that makes use of the dominance, precedence, and linearization domain information explicitly encoded in this grammar format. We show that GIDLP grammars avoid the explosion in the number of rules required under a traditional phrase structure analysis of free constituent order. As a result, GIDLP grammars supportmore modular and compact grammar encodings and require fewer edges in parsing.
Die Ermittlung von Proteinstukturen mittels NMR-Spektroskopie ist ein komplexer Prozess, wobei die Resonanzfrequenzen und die Signalintensitäten den Atomen des Proteins zugeordnet werden. Zur Bestimmung der räumlichen Proteinstruktur sind folgende Schritte erforderlich: die Präparation der Probe und 15N/13C Isotopenanreicherung, Durchführung der NMR Experimente, Prozessierung der Spektren, Bestimmung der Signalresonanzen ('Peak-picking'), Zuordnung der chemischen Verschiebungen, Zuordnung der NOESY-Spektren und das Sammeln von konformationellen Strukturparametern, Strukturrechnung und Strukturverfeinerung. Aktuelle Methoden zur automatischen Strukturrechnung nutzen eine Reihe von Computeralgorithmen, welche Zuordnungen der NOESY-Spektren und die Strukturrechnung durch einen iterativen Prozess verbinden. Obwohl neue Arten von Strukturparametern wie dipolare Kopplungen, Orientierungsinformationen aus kreuzkorrelierten Relaxationsraten oder Strukturinformationen, die sich in Gegenwart paramagnetischer Zentren in Proteinen ergeben, wichtige Neuerungen für die Proteinstrukturrechnung darstellen, sind die Abstandsinformationen aus NOESY-Spektren weiterhin die wichtigste Basis für die NMR-Strukturbestimmung. Der hohe zeitliche Aufwand des 'peak-picking' in NOESY-Spektren ist hauptsächlich bedingt durch spektrale Überlagerung, Rauschsignale und Artefakte in NOESY-Spektren. Daher werden für das effizientere automatische 'Peak-picking' zuverlässige Filter benötigt, um die relevanten Signale auszuwählen. In der vorliegenden Arbeit wird ein neuer Algorithmus für die automatische Proteinstrukturrechnung beschrieben, der automatisches 'Peak-picking' von NOESY-Spektren beinhaltet, die mit Hilfe von Wavelets entrauscht wurden. Der kritische Punkt dieses Algorithmus ist die Erzeugung inkrementeller Peaklisten aus NOESY-Spektren, die mit verschiedenen auf Wavelets basierenden Entrauschungsprozeduren prozessiert wurden. Mit Hilfe entrauschter NOESY-Spektren erhält man Signallisten mit verschiedenen Konfidenzbereichen, die in unterschiedlichen Schritten der kombinierten NOE-Zuordnung/Strukturrechnung eingesetzt werden. Das erste Strukturmodell beruht auf stark entrauschten Spektren, die die konservativste Signalliste mit als weitgehend sicher anzunehmenden Signalen ergeben. In späteren Stadien werden Signallisten aus weniger stark entrauschten Spektren mit einer größeren Anzahl von Signalen verwendet. Die Auswirkung der verschiedenen Entrauschungsprozeduren auf Vollständigkeit und Richtigkeit der NOESY Peaklisten wurde im Detail untersucht. Durch die Kombination von Wavelet-Entrauschung mit einem neuen Algorithmus zur Integration der Signale in Verbindung mit zusätzlichen Filtern, die die Konsistenz der Peakliste prüfen ('Network-anchoring' der Spinsysteme und Symmetrisierung der Peakliste), wird eine schnelle Konvergenz der automatischen Strukturrechnung erreicht. Der neue Algorithmus wurde in ARIA integriert, einem weit verbreiteten Computerprogramm für die automatische NOE-Zuordnung und Strukturrechnung. Der Algorithmus wurde an der Monomereinheit der Polysulfid-Schwefel-Transferase (Sud) aus Wolinella succinogenes verifiziert, deren hochaufgelöste Lösungsstruktur vorher auf konventionelle Weise bestimmt wurde. Neben der Möglichkeit zur Bestimmung von Proteinlösungsstrukturen bietet sich die NMR-Spektroskopie auch als wirkungsvolles Werkzeug zur Untersuchung von Protein-Ligand- und Protein-Protein-Wechselwirkungen an. Sowohl NMR Spektren von isotopenmarkierten Proteinen, als auch die Spektren von Liganden können für das 'Screening' nach Inhibitoren benutzt werden. Im ersten Fall wird die Sensitivität der 1H- und 15N-chemischen Verschiebungen des Proteinrückgrats auf kleine geometrische oder elektrostatische Veränderungen bei der Ligandbindung als Indikator benutzt. Als 'Screening'-Verfahren, bei denen Ligandensignale beobachtet werden, stehen verschiedene Methoden zur Verfügung: Transfer-NOEs, Sättigungstransferdifferenzexperimente (STD, 'saturation transfer difference'), ePHOGSY, diffusionseditierte und NOE-basierende Methoden. Die meisten dieser Techniken können zum rationalen Design von inhibitorischen Verbindungen verwendet werden. Für die Evaluierung von Untersuchungen mit einer großen Anzahl von Inhibitoren werden effiziente Verfahren zur Mustererkennung wie etwa die PCA ('Principal Component Analysis') verwendet. Sie eignet sich zur Visualisierung von Ähnlichkeiten bzw. Unterschieden von Spektren, die mit verschiedenen Inhibitoren aufgenommen wurden. Die experimentellen Daten werden zuvor mit einer Serie von Filtern bearbeitet, die u.a. Artefakte reduzieren, die auf nur kleinen Änderungen der chemischen Verschiebungen beruhen. Der am weitesten verbreitete Filter ist das sogenannte 'bucketing', bei welchem benachbarte Punkte zu einen 'bucket' aufsummiert werden. Um typische Nachteile der 'bucketing'-Prozedur zu vermeiden, wurde in der vorliegenden Arbeit der Effekt der Wavelet-Entrauschung zur Vorbereitung der NMR-Daten für PCA am Beispiel vorhandener Serien von HSQC-Spektren von Proteinen mit verschiedenen Liganden untersucht. Die Kombination von Wavelet-Entrauschung und PCA ist am effizientesten, wenn PCA direkt auf die Wavelet-Koeffizienten angewandt wird. Durch die Abgrenzung ('thresholding') der Wavelet-Koeffizienten in einer Multiskalenanalyse wird eine komprimierte Darstellung der Daten erreicht, welche Rauschartefakte minimiert. Die Kompression ist anders als beim 'bucketing' keine 'blinde' Kompression, sondern an die Eigenschaften der Daten angepasst. Der neue Algorithmus kombiniert die Vorteile einer Datenrepresentation im Wavelet-Raum mit einer Datenvisualisierung durch PCA. In der vorliegenden Arbeit wird gezeigt, dass PCA im Wavelet- Raum ein optimiertes 'clustering' erlaubt und dabei typische Artefakte eliminiert werden. Darüberhinaus beschreibt die vorliegende Arbeit eine de novo Strukturbestimmung der periplasmatischen Polysulfid-Schwefel-Transferase (Sud) aus dem anaeroben gram-negativen Bakterium Wolinella succinogenes. Das Sud-Protein ist ein polysulfidbindendes und transferierendes Enzym, das bei niedriger Polysulfidkonzentration eine schnelle Polysulfid-Schwefel-Reduktion katalysiert. Sud ist ein 30 kDa schweres Homodimer, welches keine prosthetischen Gruppen oder schwere Metallionen enthält. Jedes Monomer enhält ein Cystein, welches kovalent bis zu zehn Polysulfid-Schwefel (Sn 2-) Ionen bindet. Es wird vermutet, dass Sud die Polysulfidkette auf ein katalytischen Molybdän-Ion transferiert, welches sich im aktiven Zentrum des membranständigen Enzyms Polysulfid-Reduktase (Psr) auf dessen dem Periplasma zugewandten Seite befindet. Dabei wird eine reduktive Spaltung der Kette katalysiert. Die Lösungsstruktur des Homodimeres Sud wurde mit Hilfe heteronuklearer, mehrdimensionaler NMR-Techniken bestimmt. Die Struktur beruht auf von NOESY-Spektren abgeleiteten Distanzbeschränkungen, Rückgratwasserstoffbindungen und Torsionswinkeln, sowie auf residuellen dipolaren Kopplungen, die für die Verfeinerung der Struktur und für die relative Orientierung der Monomereinheiten wichtig waren. In den NMR Spektren der Homodimere haben alle symmetrieverwandte Kerne äquivalente magnetische Umgebungen, weshalb ihre chemischen Verschiebungen entartet sind. Die symmetrische Entartung vereinfacht das Problem der Resonanzzuordnung, da nur die Hälfte der Kerne zugeordnet werden müssen. Die NOESY-Zuordnung und die Strukturrechnung werden dadurch erschwert, dass es nicht möglich ist, zwischen den Intra-Monomer-, Inter-Monomer- und Co-Monomer- (gemischten) NOESY-Signalen zu unterscheiden. Um das Problem der Symmetrie-Entartung der NOESY-Daten zu lösen, stehen zwei Möglichkeiten zur Verfügung: (I) asymmetrische Markierungs-Experimente, um die intra- von den intermolekularen NOESY-Signalen zu unterscheiden, (II) spezielle Methoden der Strukturrechnung, die mit mehrdeutigen Distanzbeschränkungen arbeiten können. Die in dieser Arbeit vorgestellte Struktur wurde mit Hilfe der Symmetrie-ADR- ('Ambigous Distance Restraints') Methode in Kombination mit Daten von asymetrisch isotopenmarkierten Dimeren berechnet. Die Koordinaten des Sud-Dimers zusammen mit den NMR-basierten Strukturdaten wur- den in der RCSB-Proteindatenbank unter der PDB-Nummer 1QXN abgelegt. Das Sud-Protein zeigt nur wenig Homologie zur Primärsequenz anderer Proteine mit ähnlicher Funktion und bekannter dreidimensionaler Struktur. Bekannte Proteine sind die Schwefeltransferase oder das Rhodanese-Enzym, welche beide den Transfer von einem Schwefelatom eines passenden Donors auf den nukleophilen Akzeptor (z.B von Thiosulfat auf Cyanid) katalysieren. Die dreidimensionalen Strukturen dieser Proteine zeigen eine typische a=b Topologie und haben eine ähnliche Umgebung im aktiven Zentrum bezüglich der Konformation des Proteinrückgrades. Die Schleife im aktiven Zentrum umgibt das katalytische Cystein, welches in allen Rhodanese-Enzymen vorhanden ist, und scheint im Sud-Protein flexibel zu sein (fehlende Resonanzzuordnung der Aminosäuren 89-94). Das Polysulfidende ragt aus einer positiv geladenen Bindungstasche heraus (Reste: R46, R67, K90, R94), wo Sud wahrscheinlich in Kontakt mit der Polysulfidreduktase tritt. Das strukturelle Ergebnis wurde durch Mutageneseexperimente bestätigt. In diesen Experimenten konnte gezeigt werden, dass alle Aminosäurereste im aktiven Zentrum essentiell für die Schwefeltransferase-Aktivität des Sud-Proteins sind. Die Substratbindung wurde früher durch den Vergleich von [15N,1H]-TROSY-HSQC-Spektren des Sud-Proteins in An- und Abwesenheit des Polysulfidliganden untersucht. Bei der Substratbindung scheint sich die lokale Geometrie der Polysulfidbindungsstelle und der Dimerschnittstelle zu verändern. Die konformationellen Änderungen und die langsame Dynamik, hervorgerufen durch die Ligandbindung können die weitere Polysulfid-Schwefel-Aktivität auslösen. Ein zweites Polysulfid-Schwefeltransferaseprotein (Str, 40 kDa) mit einer fünffach höheren nativen Konzentration im Vergleich zu Sud wurde im Bakterienperiplasma von Wolinella succinogenes entdeckt. Es wird angenommen, dass beide Protein einen Polysulfid-Schwefel-Komplex bilden, wobei Str wässriges Polysulfid sammelt und an Sud abgibt, welches den Schwefeltransfer zum katalytischen Molybdän-Ion auf das aktive Zentrum der dem Periplasma zugewandten Seite der Polysulfidreduktase durchführt. Änderungen chemischer Verschiebungen in [15N,1H]-TROSY-HSQC-Spektren zeigen, dass ein Polysulfid-Schwefeltransfer zwischen Str und Sud stattfindet. Eine mögliche Protein-Protein-Wechselwirkungsfläche konnte bestimmt werden. In der Abwesenheit des Polysulfidsubstrates wurden keine Wechselwirkungen zwischen Sud und Str beobachtet, was die Vermutung bestätigt, dass beide Proteine nur dann miteinander wechselwirken und den Polysulfid-Schwefeltransfer ermöglichen, wenn als treibende Kraft Polysulfid präsent ist.
Twenty-one riparian vascular plant communities are defined, mapped and described using presence/absence data from 460 sites from relatively unmodified stretches of rivers and streams on mainland Tasmania. The process of classification involved selection of groups of floristically distinct sites from a sorted table produced by a polythetic divisive process. The communities have strong geographic patterns. Many communities have a wide range of structural expression and/or dominants. Nearly half of the native vascular flora of Tasmania is present in the sites, including a large number of conservation-significant species, some of which are concentrated in riparian vegetation. In the drier, lowland parts of the State there are large areas with little or no native riparian vegetation remaining. Several of the communities that occur in this environment appear to be totally unreserved, while most of the communities from colder and more humid areas are represented within secure reserves.
We analyze governance with a dataset on investments of venture capitalists in 3848 portfolio firms in 39 countries from North and South America, Europe and Asia spanning 1971-2003. We find that cross-country differences in Legality have a significant impact on the governance structure of investments in the VC industry: better laws facilitate faster deal screening and deal origination, a higher probability of syndication and a lower probability of potentially harmful co-investment, and facilitate board representation of the investor. We also show better laws reduce the probability that the investor requires periodic cash flows prior to exit, which is in conjunction with an increased probability of investment in high-tech companies. Klassifikation: G24, G31, G32.
In this paper, I shall discuss the semantic attachment of intersective modifiers in German coherent constructions. I shall show that a purely syntactic solution to the observable attachment ambiguity is undesirable for reasons of processing e ciency and/or massive spurious ambiguity. Instead, I shall follow Egg and Lebeth (1995) and propose an extension to Minimal Recursion Semantics, permitting the expression of underspecified semantic attachment. This rather trivial move, as we shall see, will not only be preferable for processing reasons, but it will also be more in line with the spirit of underspecified semantics, e ectively providing a compact representation of purely semantic distinctions, instead of unfolding these distinctions into a rain forest of tree representations and derivations. I will present an implementation of the underspecification approach integrated into the German HPSG developed at DFKI and compare its e ciency to an alternative implementation where semantic attachment is unfolded by means of retrieval rules.
This dissertation study argues that 'policy advice formation', as a discourse development, is a differentiated hybrid resultant from merger between comparative education and policy studies disciplines. Through discourse analysis based on John Creswell's format, this study identifies revisions, restatements and shifts in emphasis of theories, methodological models and challenge topics of comparative education and policy studies. Findings which display the development of policy advice formation' discourse. In conclusion, this study found differential patterns seemingly formed because of collaborative affects of standardization in education science knowledge expressed within discourse.
In Archaea, bacteria, and eukarya, ATP provides metabolic energy for energy-dependent processes. It is synthesized by enzymes known as A-type or F-type ATP synthase, which are the smallest rotatory engines in nature (Yoshida, M., Muneyuki, E., and Hisabori, T. (2001) Nat. Rev. Mol. Cell. Biol. 2, 669-677; Imamura, H., Nakano, M., Noji, H., Muneyuki, E., Ohkuma, S., Yoshida, M., and Yokoyama, K. (2003) Proc. Natl. Acad. Sci. U. S. A. 100, 2312-2315). Here, we report the first projected structure of an intact A(1)A(0) ATP synthase from Methanococcus jannaschii as determined by electron microscopy and single particle analysis at a resolution of 1.8 nm. The enzyme with an overall length of 25.9 nm is organized in an A(1) headpiece (9.4 x 11.5 nm) and a membrane domain, A(0) (6.4 x 10.6 nm), which are linked by a central stalk with a length of approximately 8 nm. A part of the central stalk is surrounded by a horizontal-situated rodlike structure ("collar"), which interacts with a peripheral stalk extending from the A(0) domain up to the top of the A(1) portion, and a second structure connecting the collar structure with A(1). Superposition of the three-dimensional reconstruction and the solution structure of the A(1) complex from Methanosarcina mazei Gö1 have allowed the projections to be interpreted as the A(1) headpiece, a central and the peripheral stalk, and the integral A(0) domain. Finally, the structural organization of the A(1)A(0) complex is discussed in terms of the structural relationship to the related motors, F(1)F(0) ATP synthase and V(1)V(0) ATPases.
Hackethal and Schmidt (2003) criticize a large body of literature on the financing of corporate sectors in different countries that questions some of the distinctions conventionally drawn between financial systems. Their criticism is directed against the use of net flows of finance and they propose alternative measures based on gross flows which they claim re-establish conventional distinctions. This paper argues that their criticism is invalid and that their alternative measures are misleading. There are real issues raised by the use of aggregate data but they are not the ones discussed in Hackethal and Schmidt’s paper. JEL Classification: G30
Fronting a noun phrase changes the focus structure of a sentence. Therefore, it may affect truth conditions, since some operators, in particular quantificational adverbs, are sensitive to focus. However, the position of the quantificational adverb itself, hence its informational status, is usually assumed not to have any semantic effect. In this paper I discuss a reading of some quantificational adverbs, the relative reading, which disappears if the adverb is fronted. I propose that this reading relies not only on focus, but on B-accent (fall-rise intonation) as well. A fronted Q-adverb is usually pronounced with a B-accent; since only one element can be B-accented, this means that the scope of the adverb contains no B-accented material, hence no relative readings. Thus, the effects of fronting range more widely than is usually assumed, and quantificational adverbs are a useful tool with which to investigate these effects.
In this paper, we study the effectiveness of monetary policy in a severe recession and deflation when nominal interest rates are bounded at zero. We compare two alternative proposals for ameliorating the effect of the zero bound: an exchange-rate peg and price-level targeting. We conduct this quantitative comparison in an empirical macroeconometric model of Japan, the United States and the euro area. Furthermore, we use a stylized micro-founded two-country model to check our qualitative findings. We find that both proposals succeed in generating inflationary expectations and work almost equally well under full credibility of monetary policy. However, price-level targeting may be less effective under imperfect credibility, because the announced price-level target path is not directly observable. Klassifikation: E31, E52, E58, E61
An improved approach to predicting preferred habitat and targetting survey effort for threatened plant species is needed to aid discovery and conservation of new populations. This study employs several approaches to aid in the delineation of preferred habitat for the Leafless Tongue Orchid, Cryptostylis hunteriana Nicholls. BIOCLIM, a bioclimatic analysis and prediction system, is used initially to generate a bioclimatic habitat envelope within which the species can be expected to occur, based on all known sites in the Shoalhaven Local Government Area. Within the BIOCLIM envelope it is possible to further investigate the extent to which the species exhibits preferences for other habitat factors such as geology, soil landscapes and forest ecosystems. Multivariate techniques are used to compare floristic data from sites where Cryptostylis hunteriana is present, and sites from forest ecosystems where it has not been recorded historically. These techniques are also used to identify species which are diagnostic of each of these sets of sites. All 25 sites with Cryptostylis hunteriana populations are restricted to six forest ecosystems having a total area of 15% of the Shoalhaven Local Government Area and 47% of the BIOCLIM envelope. Within these forest ecosystems, ten plant species deemed indicative of the possible presence of the Cryptostylis hunteriana are identified.
The MAM (meprin/A5-protein/PTPmu) domain is present in numerous proteins with diverse functions. PTPμ belongs to the MAM-containing subclass of protein-tyrosine phosphatases (PTP) able to promote cell-to-cell adhesion. Here we provide experimental evidence that the MAM domain is a homophilic binding site of PTPμ. We demonstrate that the MAM domain forms oligomers in solution and binds to the PTPμ ectodomain at the cell surface. The presence of two disulfide bridges in the MAM molecule was evidenced and their integrity was found to be essential for MAM homophilic interaction. Our data also indicate that PTPμ ectodomain forms oligomers and mediates the cellular adhesion, even in the absence of MAM domain homophilic binding. Reciprocally, MAM is able to interact homophilically in the absence of ectodomain trans binding. The MAM domain therefore contains independent cis and trans interaction sites and we predict that its main role is to promote lateral dimerization of PTPμ at the cell surface. This finding contributes to the understanding of the signal transduction mechanism in MAM-containing PTPs.
The mode of the antitumoral activity of multimutated oncolytic herpes simplex virus type 1 G207 has not been fully elucidated yet. Because the antitumoral activity of many drugs involves the inhibition of tumor blood vessel formation, we determined if G207 had an influence on angiogenesis. Monolayers of human umbilical vein endothelial cells and human dermal microvascular endothelial cells, but not human dermal fibroblasts, bronchial epithelial cells, and retinal glial cells, were highly sensitive to the replicative and cytotoxic effects of G207. Moreover, G207 infection caused the destruction of endothelial cell tubes in vitro. In the in vivo Matrigel plug assay in mice, G207 suppressed the formation of perfused vessels. Intratumoral treatment of established human rhabdomyosarcoma xenografts with G207 led to the destruction of tumor vessels and tumor regression. Ultrastructural investigations revealed the presence of viral particles in both tumor and endothelial cells of G207-treated xenografts, but not in adjacent normal tissues. These findings show that G207 may suppress tumor growth, in part, due to inhibition of angiogenesis.
We consider three sets of phenomena that feature prominently - and separately - in the financial economics literature: conditional mean dependence (or lack thereof) in asset returns, dependence (and hence forecastability) in asset return signs, and dependence (and hence forecastability) in asset return volatilities. We show that they are very much interrelated, and we explore the relationships in detail. Among other things, we show that: (a) Volatility dependence produces sign dependence, so long as expected returns are nonzero, so that one should expect sign dependence, given the overwhelming evidence of volatility dependence; (b) The standard finding of little or no conditional mean dependence is entirely consistent with a significant degree of sign dependence and volatility dependence; (c) Sign dependence is not likely to be found via analysis of sign autocorrelations, runs tests, or traditional market timing tests, because of the special nonlinear nature of sign dependence; (d) Sign dependence is not likely to be found in very high-frequency (e.g., daily) or very low-frequency (e.g., annual) returns; instead, it is more likely to be found at intermediate return horizons; (e) Sign dependence is very much present in actual U.S. equity returns, and its properties match closely our theoretical predictions; (f) The link between volatility forecastability and sign forecastability remains intact in conditionally non-Gaussian environments, as for example with time-varying conditional skewness and/or kurtosis.
Vowel dispersion in Truku
(2004)
This study investigates the dispersion of vowel space in Truku, an endangered Austronesian language in Taiwan. Adaptive Dispersion (Liljencrants and Lindblom, 1972; Lindblom, 1986, 1990) proposes that the distinctive sounds of a language tend to be positioned in phonetic space in a way that maximizes perceptual contrast. For example, languages with large vowel inventories tend to expand the overall acoustic vowel space. Adaptive Dispersion predicts that the distance between the point vowels will increase with the size of a language's vowel inventory. Thus, the available acoustic vowel space is utilized in a way that maintains maximal auditory contrast.
The current study focuses on the prosodic realization of negators in Saisiyat, an endangered aboriginal language of Taiwan, and compares its prosodic realization of negation with that of English. The results of this study indicate that sentential subjects are the most acoustically prominent items in the Saisiyat negative sentences measured. This contrasts sharply with the English experimental sentences, in which the negator itself was the most acoustically prominent item. These findings suggest that Saisiyat is a pitch-accent language; thus, the presence of negators does not significantly change the prosodic parameters of surrounding words. English, in contrast, is an intonation language, so the presence of negation results in substantial prosodic modification. This suggests that the phenomenon of negation is universally prominent; however, languages with different prosodic systems will adopt different strategies for realizing prominence.
The transporter associated with antigen processing (TAP) is a key component of the cellular immune system. As a member of the ATP-binding cassette (ABC) superfamily, TAP hydrolyzes ATP to energize the transport of peptides from the cytosol into the lumen of the endoplasmic reticulum. TAP is composed of TAP1 and TAP2, each containing a transmembrane domain and a nucleotide-binding domain (NBD). Here we investigated the role of the ABC signature motif (C-loop) on the functional non-equivalence of the NBDs, which contain a canonical C-loop (LSGGQ) for TAP1 and a degenerate C-loop (LAAGQ) for TAP2. Mutation of the leucine or glycine (LSGGQ) in TAP1 fully abolished peptide transport. However, TAP complexes with equivalent mutations in TAP2 still showed residual peptide transport activity. To elucidate the origin of the asymmetry of the NBDs of TAP, we further examined TAP complexes with exchanged C-loops. Strikingly, the chimera with two canonical C-loops showed the highest transport rate whereas the chimera with two degenerate C-loops had the lowest transport rate, demonstrating that the ABC signature motifs control peptide transport efficiency. All single site mutants and chimeras showed similar activities in peptide or ATP binding, implying that these mutations affect the ATPase activity of TAP. In addition, these results prove that the serine of the C-loop is not essential for TAP function but rather coordinates, together with other residues of the C-loop, the ATP hydrolysis in both nucleotide-binding sites.