Sana Saleem (3551681), Muhammad Usman (1504405), Muhammad Naveed Akhtar (21432843) · Figshare · 2025
<div> Purpose The purpose of this study is to find out how firm’s competitive position plays the moderating role between the relation of information risk and COE. The study considers the effect of two different types of information risk, i.e., lack of information quality and transparent information. Methodology The data of the study is collected from all the non-financial firms listed on PSX from 2007 to 2022. Two-step system GMM dynamic panel estimators are applied to test the dynamic nature of the proposed model. Findings/Results The findings show that firms having better competitive position signal their strength through improved information disclosure in order to gain the confidence of shareholders. This competitive environment poses a governance effect by imposing discipline on manager’s behavior, reducing information asymmetry and improving the quality of information disclosure, resulting in reduction of the COE. Further, a more competitive environment improves the readability of the annual report and reduces information asymmetry. In addition, by reducing financing frictions, this research provides new and unique insights pertaining to the importance of competitive position in the sensitivity of investment to information risk. Originality This research extends to the corpus of literature by investigating the unexplored strategic determinants, such as a firm’s competitive position, to mitigate the impact of two distinct types of information risk: lower quality and reduced transparency. Additionally, it explores how these risks influence both the cost of equity and corporate investment. </div>
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Shufei Zhang (6386759), Jianfeng Liu (122580), Lian Yang (682612) et al. · Figshare · 2023
<p>(A) ASDR for EP for different regions and (B) countries and territories by SDI, 1990–2019; (C)AS-DALYs for EP for different regions and (D) countries and territories by SDI, 1990–2019.</p> <p>(TIF)</p>
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Andréa Barbosa de Melo (278363), Eduardo J. M. Nascimento (200745), Ulisses Braga-Neto (257210) et al. · Figshare · 2015
<p>The results of ELISPOT and biochemical binding assays indicated that the level of promiscuity of the class II binding was correlated with the prevalence of the immunogenicity of the peptide in the yellow fever cohort.</p>
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Xiaoping Huo (10651811), Yunpei Zhao (18880758), Zhihao Dong (5020319) · Figshare · 2024
<div><p>The inefficiency observed in investment within state-owned enterprises presents a significant practical challenge that can affect the sustainable development of China’s economy. To address this issue, this study comprehensively explores the intricate mechanisms underlying the governance implications of mixed ownership on the investment efficiency of listed companies. Drawing on unbalanced panel data encompassing Shanghai and Shenzhen Stock Exchange A-share listed companies in China spanning the period from 2008 to 2022, this study employs a fixed-effects model to unveil the nuanced ways in which mixed ownership influences investment efficiency through the lens of agency costs. This study transcends the boundaries of traditional agency conflicts between managers and shareholders. It delves deeper, illuminating the diverse effects of agency conflicts between significant controlling shareholders and minority shareholders. The results revealed a noteworthy positive correlation between mixed ownership and investment efficiency, and verified the intermediary role of agency costs between mixed ownership and investment efficiency, which is an important result of our research. Heterogeneity analysis indicates that the relationship between the two can be affected by external events, such as during the COVID-19 pandemic, investment efficiency is not the most concerned issue for enterprises. The findings have practical implications for practitioners and policymakers, as they offer avenues for optimizing investment strategies and fostering efficient and effective corporate governance practices.</p></div>
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Windi Indra Muziasari (540284), Satoshi Managaki (540285), Katariina Pärnänen (540286) et al. · Figshare · 2015
<p>Linear regression model with log-transformed variables between the <i>intI1</i> and <i>sul1</i> gene copy numbers in the sediments below the northern Baltic Sea farms (<i>F<sub>1,22</sub></i> = 19.39; <i>P</i> = 0.000225; <i>R<sup>2</sup></i> = 0.47). Each point represents the average ratio of a gene copy number normalized to the 16S rRNA gene copy number in every sediment sample. The blue line indicates the regression model and the grey area the 95% confidence intervals.</p>
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Ruili Wang (303054), Fan Yang (1413), Qingqin Wang (6425072) · Figshare · 2025
<div> Rural street spaces serve as primary venues for communal activities, yet emotion-based design in these spaces remains underexplored. This study delineates three typical scales of rural street spaces in China northern plains region, utilizing eye-tracking technology, investigates the constituent elements and materials of various optimized design schemes, analyzing people’s emotional perceptions of different elements and materials. The results indicate that: (1) narrower streets evoke a greater sense of security among individuals; (2) an increased variety and quantity of paving materials, landscape flower beds, seating areas, and public facilities heighten people’s visual interest, enhancing the spatial publicness and safety; (3) higher coverage of green landscape relaxes visual perceptions, leading individuals to linger and dwell in the space. Consequently, through judicious design of scale, constituent elements, and materials, rural street spaces can be effectively imbued with emotional expressions, thereby elevating the spatial quality of rural street spaces to meet people’s emotional needs. </div>
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Flaminia Cesare Marincola (1572376), Daniela Masu (21637019), Veronica Libonati (21637022) et al. · Figshare · 2025
Heatmaps showing the matrix of Sperman correlation coefficients between hemodynamic parameters and metabolites in plasma (A) and urine <b>(B)</b>: blu, positive correlations; red, negative correlations. Metabolites are labeled with “(p)” for plasma and “(u)” for urine. Only statistically significant correlations with |r| ≥ 0.40 and p < 0.05 are displayed. Significance levels: *p < 0.05; **p < 0.01; ***p < 0.001. Abbreviations: HR, Heart rate; CO, cardiac output; MAP, mean arterial pressure; SV, stroke volume; SVR, systemic vascular resistance.
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Hongyu Liu (103192), Qin Binbin (20485345), Pengliang Qiao (20485348) · Figshare · 2024
<div><p>This paper examines the impact of environmental management system (EMS) certification, a significant voluntary participatory environmental regulation, on the risk of stock price collapse. The study is based on sample data of heavily polluting listed companies from 2008–2020. The study demonstrates that certification of environmental management systems has a significant impact on preventing share price collapse. This finding remains consistent even after controlling for endogeneity and conducting robustness tests. The analysis also reveals that the inhibitory effect of EMS certification is more pronounced for state-owned enterprises and firms with a higher degree of marketisation. Exploring the mechanism of its influence, it is found that environmental management system certification mainly suppresses the risk of stock price collapse by improving the environmental performance of enterprises and the transparency of corporate information, suggesting that environmental management system certification can be used as both an "environmental governance tool" for suppressing stock price collapse and an "information transfer tool" for improving the transparency of corporate information, thus suppressing the risk of stock price collapse. Meanwhile, the media’s attention has been found to moderate the effect of environmental management system certification on stock price crash risk. These findings validate the inhibitory effect of environmental management system certification on stock price crash risk, expand our understanding of the economic consequences of environmental management system certification and the factors that influence stock price crash risk. They also provide a theoretical basis and practical support for environmental regulators.</p></div>
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Kewei Hu (13844646), Yugui Hao (13844649), Dan Yu (214174) · Figshare · 2022
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Ina Djonlagic (328193), Julian Saboisky (328194), Andrea Carusona (328195) et al. · Figshare · 2015
<p>Correlations between overnight improvement and AHI (events/hr), oxygen nadir (%) and arousal index for healthy controls (blue circles) and OSA subjects (red circles). Significant correlations were found between overnight improvement and arousal index (r<sup>2</sup> = 0.20, <i>P</i> = 0.02), and, to a lesser extent, between overnight improvement and AHI (r<sup>2</sup> = 0.13, P = 0.05). In contrast, no significant correlation was seen with oxygen nadir (r<sup>2</sup> = 0.07, <i>P</i> = ns). One healthy control had an overnight plateau improvement of 83%. This individual had a plateau performance of 15 seq/30 sec during evening training (control average = 22 seq/30 sec), which increased to a plateau average of 28.4 seq/30 sec during morning testing (control average = 27 seq/30 sec), thus remaining within the range of normal in regards to the absolute values. Even though this person's percent overnight improvement was well above the average, the correlations remain significant when this individual is removed.</p>
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Li, Xiang · Figshare · 2024
We searched for the relationship between behavior test and intestinal flora through correlation analysis.
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He Yang (15813), Changan Li (3144513), Liujun Ye (20460899) · Figshare · 2024
<div><p>Youth symbolize the future and promise of the country. The contributions of youth are integral to the comprehensive development, the social participation of youth is crucial for their holistic development and the betterment of society. As the people’s sense of gain has evolved into a fundamental aspect of high-quality development in the new era of China, investigating the influence mechanism of the youth’s sense of gain on social participation holds significant historical and practical relevance. This study utilizes the CSS2021 database to conduct empirical analysis, centered on three pivotal dimensions, the youth’s sense of political gain, economic gain, and people’s livelihood gain, this study explores their influence on social participation across affairs, rights protection, and people’s livelihood, and the study further delves into the specific impact mechanisms through which the youth’s sense of gain influences social participation. The results distinctly demonstrate that the sense of gain within the youth group significantly influences the enthusiasm for social participation. The study reveals specific associations: the sense of economic gain negatively correlates with social participation in affairs and rights protection, while the sense of people’s livelihood gain demonstrates a positive correlation with rights protection. Additionally, a noteworthy positive correlation exists between political gain and social participation. Consequently, there is a suggestion that the government could better understand the core demands of young individuals, thereby fostering increased enthusiasm for their social participation. Leveraging the active engagement of young people could significantly contribute to enhancing the government’s governance effectiveness.</p></div>
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Ziqiao Zhang (4432945), Qiusheng Zhang (11719231), Chaofeng Li (477347) · Figshare · 2023
<div><p>The current evaluation of M&A performance lacks consideration of M&A motives. In this paper, we theoretically analyse and empirically test the effect of network synergy generated by M&A on the degree of realization of corporate M&A motives and the mechanism of its effect by constructing an equity network between a listed company and its subsidiaries within the company. The results show that the greater the variation of internal network node degree and strength, the more beneficial it is to promote the degree of realization of corporate M&A motivation; the results of further mechanism of action tests show that the variation of network node degree and strength has significant effects on economies of scale, economies of scope, and transaction costs; Furthermore, the heterogeneity test finds that the effect of variation of network node degree and strength to promote the degree of realization of corporate M&A motivation is more significant in the case of non-cash payment method and related M&A. This paper extends the study of complex networks to the field of M&A and uniquely explains the paradox of the "high failure rate" of M&A and the increasing activity of M&A activities from the perspective of network synergy, which helps to rationalize the M&A behavior of enterprises and further regulate the M&A behavior of listed companies by regulatory authorities.</p></div>
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Sergei Gostilovich (16726300), Airat Kotliar Shapirov (16726303), Andrei Znobishchev (16726306) et al. · Figshare · 2023
<div><p>“Faster, higher, stronger” is the motto of any professional athlete. Does that apply to brain dynamics as well? In our paper, we performed a series of EEG experiments on Visually Evoked Potentials and a series of cognitive tests—reaction time and visual search, with professional eSport players in Counter-Strike: Global Offensive (CS:GO) and novices (control group) in order to find important differences between them. EEG data were studied in a temporal domain by Event-Related Potentials (ERPs) and in a frequency domain by Variational Mode Decomposition. The EEG analysis showed that the brain reaction of eSport players is faster (P300 latency is earlier on average by 20-70 ms, <i>p</i> < 0.005) and stronger (P300 peak amplitude is higher on average by 7-9 mkV, <i>p</i> < 0.01). Professional eSport players also exhibit stronger stimulus-locked alpha-band power. Besides, the Spearman correlation analysis showed a significant correlation between hours spend in CS:GO and mean amplitude of P200 and N200 for the professional players. The comparison of cognitive test results showed the superiority of the professional players to the novices in reaction time (faster) and choice reaction time—faster reaction, but similar correctness, while a significant difference in visual search skills was not detected. Thus, significant differences in EEG signals (in spectrograms and ERPs) and cognitive test results (reaction time) were detected between the professional players and the control group. Cognitive tests could be used to separate skilled players from novices, while EEG testing can help to understand the skilled player’s level. The results can contribute to understanding the impact of eSport on a player’s cognitive state and associating eSport with a real sport. Moreover, the presented results can be useful for evaluating eSport team members and making training plans.</p></div>
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Wenxin Du (592309), Jing Gao (69330), Tingting Wang (123983) et al. · Figshare · 2015
<p>A, Correlations between the EMSA values and the scores of the PC, SNMM, PWMSA, and Match models, respectively. B, Correlations between the PBM <i>z</i> scores and the scores of the PC, SNMM, PWMSA, and Match models, respectively. C, Correlations between the SELEX-Seq values and the scores of the SNMM, PWMSA, Match, and PC models, respectively. Correlation between the SELEX-Seq values and the EMSA values. **, <i>p</i><0.01. P value refers to the confidence interval of Pearson's <i>r</i>. The number under the abscissa refers to the number of values or sequences used in the corresponding correlation analysis.</p>
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Camille Sauvain (19469230), Véronique Ventos (19469233), Jérôme Sackur (781439) · Figshare · 2024
<p>Correlation between bridge-related traits and personality traits. Correlation coefficients are Pearson’s r and only significant coefficients are shown. O: Openness, C: Conscientiousness, E: Extraversion, A: Agreeableness, N: Neuroticism.</p>
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Patricia de Godoy Bueno (731717), Juliana Navarro Ueda Yochite (731718), Graziela Fernanda Derigge-Pisani (731719) et al. · Figshare · 2015
<p>Islet apoptosis was positively correlated with fasting glycemia (A) and glucose tolerance test (GTT) (B) and insulin tolerance test (ITT) glycemia responses (C). Islet proliferation was negatively correlated with fasting glycemia (D).</p>
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Haihua Yang (728858), Feng Long (573216), Youzhi Zhang (728859) et al. · Figshare · 2015
<p>The serum 25-(OH) D level correlates with the neutrophil apoptosis in the AECOPD patients(a). The serum 25-(OH) D level correlates with the phospho-p38 MAPK in the AECOPD patients(b). The correlation between the neutrophil apoptosis and phospho-p38 MAPK/p38 MAPK in AECOPD patients(c). The <i>r</i> and <i>p</i> values were assessed using Pearson's correlation analysis.</p>
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Monisha Dhiman (102051), Yun A. Coronado (443452), Cecilia K. Vallejo (443453) et al. · Figshare · 2015
<p>Plasma and sera samples from seronegative/healthy (SN/H, n = 45) and seropositive/chagasic (SP/C, n = 116) subjects were submitted to spectrophotometry analysis of various biomarkers of inflammation, oxidative stress, antioxidant status and cellular injury as described in <a href="http://www.plosntds.org/article/info:doi/10.1371/journal.pntd.0002364#s2" target="_blank">Materials and Methods</a>. Pearson's or Spearman's analysis was conducted to evaluate the strength of linear relationship between sera or plasma levels of biomarkers (among themselves) or with clinical disease category. Correlations coefficient (r) value of >0.8 was considered very strong and that of between 0.6–0.8 accepted as moderately strong <a href="http://www.plosntds.org/article/info:doi/10.1371/journal.pntd.0002364#pntd.0002364-Chan1" target="_blank">[31]</a>. “-”indicates a significant correlation at p<0.01 was not present. ND: not determined.</p>
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Peiqiong Wang (16954904), Xianhua Zhang (7352819), Taozhi Wang (16954907) et al. · Figshare · 2023
<div><p>As a crucial component of internal corporate governance, remuneration controls possess the potential to influence the cash holdings of firms. However, identifying the causal relationship between these controls and such holdings presents a considerable challenge. To address this research gap, this paper leverages the implementation of China’s Guidance on Further Regulating the Remuneration Management of Heads of Central Enterprises as a quasi-natural experiment to investigate the relationship between executive remuneration controls and firms’ cash holdings, utilizing a double-difference approach. Based on an analysis of a sample of listed companies from 2007–2012, the results indicate that firms subject to regulated executive compensation exhibit lower cash holdings. To ensure the robustness of these findings, various statistical techniques such as parallel trend tests, variable replacement, propensity score matching, and placebo tests were employed. Additionally, a mechanism test was conducted, whereby the mediating effect of executive compensation controls on firms’ cash holdings was examined, revealing a reduction in internal agency costs. Finally, the analysis of heterogeneity demonstrated that the impact of executive compensation controls on firms’ cash holdings was more pronounced in companies with high-quality internal controls, stronger management oversight, and lower information asymmetry.</p></div>
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