ABSTRACT This study examines the relation between audit failures of individual auditors and quality other audits performed by these same auditors. Employing a Chinese setting where reports reveal identities engagement auditors, we find that who have failed also deliver lower-quality on engagements, with this “contagion” effect spreading both over time to in year. However, little evidence an failure casts doubt “non-failed” are same-office colleagues “failed” auditor. We further discover...

This paper develops a theoretical model to reexamine the roles of earnings and book value for equity valuation explore cross-sectional differences in properties function. Ohlson [1995] Feltham [1995; 1996] show that, assuming clean surplus relation specific linear information dynamic, can be represented as function value. However, recent empirical evidence indicates functions do not fully capture effects on For instance, Burgstahler Dichev [1997] find impact either or depends levels these...

The random motions of a ship due to the sea waves directly affects safety and efficiency marine operations. Accurate short-term attitude prediction plays vital role in operational decision-making future seconds. In this paper, new hybrid model motion is proposed based on Long Short-Term Memory (LSTM) neural network Gaussian Process Regression (GPR). When dealing with nonlinear regression problems, LSTM can get high-accuracy point results, while GPR lower accuracy obtain interval results...

ABSTRACT Saccharomyces cerevisiae has limited capabilities for producing fuels and chemicals derived from acetyl‐CoA, such as isoprenoids, due to a rigid flux partition toward ethanol during glucose metabolism. Despite numerous efforts, xylose fermentation by engineered yeast harboring heterologous metabolic pathways was not efficient ethanol. Therefore, we hypothesized that metabolism might be better fit non‐ethanol metabolites. We indeed found S. on showed higher expression levels of the...

Abstract Since the Split Share Structure Reform took effect in China 2005, holders of nontradable shares (controlling shareholders) have had to negotiate with tradable (minority gain liquidity right. In a typical deal reached, controlling shareholder agrees pay share compensation minority shareholders and, many cases, also pledges meet specific firm performance target (performance commitments). Using this reform setting, we examine impact commitments on earnings management behavior, and find...

ABSTRACT The haloacid dehalogenase (HAD) superfamily is one of the largest enzyme families, consisting mainly phosphatases. Although intracellular phosphate plays important roles in many cellular activities, biological functions HAD enzymes are largely unknown. Pho13 1 16 putative Saccharomyces cerevisiae . has not been studied extensively, but previous studies have identified PHO13 to be a deletion target for generation industrially attractive phenotypes, namely, efficient xylose...

Genomic integration of expression cassettes containing heterologous genes into yeast with traditional methods inevitably deposits undesirable genetic elements chromosomes, such as plasmid-borne multiple cloning sites, antibiotic resistance genes, Escherichia coli origins, and auxotrophic markers. Specifically, drug for selecting transformants could hamper further industrial usage the resulting strains because public health concerns. While we constructed an efficient rapid xylose-fermenting...

Speech quality is often degraded by acoustic echoes, background noise, and reverberation. In this paper, we propose a system consisting of deep learning signal processing to simultaneously suppress For the learning, design novel speech dense-prediction backbone. processing, linear echo canceller used as conditional information for learning. To improve performance backbone, strategies such microphone reference phase encoder, multi-scale time-frequency streaming axial attention are designed....

Xylose fermentation by engineered Saccharomyces cerevisiae expressing NADPH-linked xylose reductase (XR) and NAD+ -linked xylitol dehydrogenase (XDH) suffers from redox imbalance due to cofactor difference between XR XDH, especially under anaerobic conditions. We have demonstrated that coupling of an NADH-dependent acetate reduction pathway with surplus NADH producing metabolism enabled not only efficient fermentation, but also in situ detoxification cellulosic hydrolysate through...

Abstract Bioconversion of xylose—the second most abundant sugar in nature—into high‐value fuels and chemicals by engineered Saccharomyces cerevisiae has been a long‐term goal the metabolic engineering community. Although efforts have heavily focused on production ethanol S. , yields productivities produced from xylose remained inferior as compared with glucose. However, this entrenched focus concealed fact that many aspects metabolism favor nonethanol products. Through reduced overall flux,...

Abstract Both private information production by market traders and public disclosure firms contribute to dissemination of financial in the capital market. However, motives economic consequences two are quite different. In general, is intended investors increase their trading profit, which has effect widening gap between informed uninformed increasing firm's cost capital. On other hand, can be used narrow this lower This paper provides a theoretical model examine incentives behind these forms...

Applying a real-options-based valuation approach, we develop and test model that addresses the incremental value relevance of segment data beyond firmlevel accounting data. Prior studies (e.g., Zhang 2000; Biddle et al. 2001) show equity requires (in part) because provides signals guide capital investments underlying creation. In this study, establish usefulness aggregate relates to heterogeneity investment opportunities across segments, caused by divergences profitability growth potential....

ABSTRACT In an extended capital asset pricing model (CAPM) setting, I examine how the quality of accounting standards affects real investment and welfare through its impact on hurdle rates. this model, cash flow uncertainty arises from two fundamental sources relating, respectively, to economic performance measurement errors, but they combine into a single market factor for pricing. Accounting matter not only because information required risk premiums individual projects relative given...

BACKGROUND: The byproducts from shrimp processing are heads and shells which contain a wealth of carbon could be converted into oils via oleaginous microorganisms. objective this investigation was to determine the feasibility using microorganisms convert N-acetylglucosamine (GlcNAc), major carbohydrate hydrolysate waste, triacylglycerols as biodiesel feedstock. RESULTS: Screening experiments were conducted among Rhodotorula glutinis, Rhodococcus opacus Cryptococcus curvatus GlcNAc sole...

ABSTRACT Efficient and rapid production of value‐added chemicals from lignocellulosic biomass is an important step toward a sustainable society. Lactic acid, used for synthesizing the bioplastic polylactide, has been produced by microbial fermentation using primarily glucose. Lignocellulosic hydrolysates contain high concentrations cellobiose xylose. Here, we constructed recombinant Saccharomyces cerevisiae strain capable fermenting xylose into lactic acid. Specifically, genes ( cdt‐1 ,...

ABSTRACT We investigate how the mandatory adoption of International Financial Reporting Standards (IFRS) by publicly listed firms in European Union affects peer private firms. find that firms’ capital investment decreases significantly after IFRS mandate, relative to public Private also display decreased when benchmarked against relatively insulated from impact but magnitude effect is smaller this case. These results are consistent with hypothesis reporting (combined other reforms), while...