Search results for "future"
showing 10 items of 416 documents
Assessing the impact of operating lease capitalization with dynamic Monte Carlo simulation
2019
Abstract The European Commission has recently adopted a new accounting standard for leases that will be implemented in 2019, which requires operating lease contracts to be included in the balance sheet, affecting key ratios, leverage and profitability. We simulate the impact of IFRS 16 using Monte Carlo method, which incorporates the uncertainty of the future value of variables when making predictions. Unlike prior studies based on historical data, our study considers a five-year forecast horizon and, more importantly, contemplates several probable scenarios. Based on the STOXX All Europe 100, our results confirm that, in 2019, liability maturity, liquidity and return on assets will decreas…
The effect of different force magnitudes for placement of orthodontic brackets on shear bond strength, in three adhesive systems.
2018
Background: Amount of pressure exerting on orthodontic brackets during bonding can create different thickness of adhesive and affect shear bonding strength(SBS) in different adhesive systems. The purpose of this study was to evaluate the effect of different force magnitudes for placement of brackets on SBS. Material and Methods: In an in vitro study, 420 brackets were placed on the bovine teeth, using three types of adhesives, Concise (chemically cured two-paste mix), Unite (chemically cured no mix), and Transbond XT( light cured), with the application of seven force magnitudes of 50, 100, 200, 300, 400, 600 and 1000 grams in twenty-one groups of twenty samples each. SBS means (using two-wa…
Hedging of Spatial Temperature Risk with Market-Traded Futures
2011
The main objective of this work is to construct optimal temperature futures from available market-traded contracts to hedge spatial risk. Temperature dynamics are modelled by a stochastic differential equation with spatial dependence. Optimal positions in market-traded futures minimizing the variance are calculated. Examples with numerical simulations based on a fast algorithm for the generation of random fields are presented.
Relationship between endocrine disruptors and obesity with a focus on bisphenol A: a narrative review
2021
International audience; Introduction: Scientific data suggest that early exposure to endocrine-disrupting chemicals (EDCs) affect -repro, -neuro, -metabolic systems, to which are added other notions such as mixtures, window and duration of exposure, trans-generational effects, and epigenetic mechanisms. Methods: In the present narrative review, we studied the relationship between exposure to EDCs with the appearance and development of obesity. Results: Exposure to EDCs like Bisphenol A during the early stages of development has been shown to lead to weight gain and obesity. EDCs can interfere with endocrine signaling, affect adipocytes differentiation and endocrine function and disrupt meta…
Stable isotopes, radionuclides, and calculated sea surface temperature of two sediment cores in the Sicily Channel
2016
The Eastern Mediterranean Transient (EMT) occurred in the Aegean Sea from 1988 to 1995 and is the most significant intermediate-to-deep Mediterranean overturning perturbation reported by instrumental records. The EMT was likely caused by accumulation of high salinity waters in the Levantine and enhanced heat loss in the Aegean Sea, coupled with surface water freshening in the Sicily Channel. It is still unknown whether similar transients occurred in the past and, if so, what their forcing processes were. In this study, sediments from the Sicily Channel document surface water freshening (SCFR) at 1910±12, 1812±18, 1725±25 and 1580±30 CE. A regional ocean hindcast links SCFR to enhanced deep-…
What makes carbon traders cluster their orders?
2014
Abstract The ability to trade large amounts of assets at low costs could be hindered when the size of the orders is concentrated at specific trade sizes. This paper documents evidence of size clustering behavior in the European Carbon Futures Market and analyzes the circumstances under which it happens. Our findings show that carbon trades are concentrated in sizes of one to five contracts and in multiples of five. We have also demonstrated that more clustered prices have more clustered sizes, suggesting that price and size resolution in the European Carbon Market are complementary and that carbon traders round both the price and the size of their orders. Finally, the analysis of the key de…
Equilibrium open interest
2010
Abstract This paper analyses what determines an individual investor's risk-sharing demand for options and, aggregating across investors, what the equilibrium demand for options. We find that agents trade options to achieve their desired skewness; specifically, we find that portfolio holdings boil down to a three-fund separation theorem that includes a so-called skewness portfolio that agents like to attain. Our analysis indicates also, however, that the common risk-sharing setup used for option demand and pricing is incompatible with a stylized fact about open interest across strikes.
El litigio climático ante la responsabilidad intergeneracional
2021
El carácter intergeneracional del litigio climático plantea un interés sobre la protección jurídica de las generaciones futuras. La preocupación intergeneracional no es novedosa en el Derecho, sin embargo, debido al ascendiente número de litigios climáticos presentados por jóvenes en nombre propio y en el de las generaciones futuras para demandar mayor ambición climática han incorporado nuevas formas de observar este fenómeno. En esta contribución se lleva a cabo un estudio sobre sus implicaciones, la relevancia que puede tener el reconocimiento en normas internacionales e internas de los vínculos intergeneracionales, y cómo, a través del litigio climático, es posible vislumbrar nuevas form…
Sortase A Inhibitors: Recent Advances and Future Perspectives
2015
Here, we describe the most promising small synthetic organic compounds that act as potent Sortase A inhibitors and cater the potential to be developed as antivirulence drugs. Sortase A is a polypeptide of 206 amino acids, which catalyzes two sequential reactions: (i) thioesterification and (ii) transpeptidation. Sortase A is involved in the process of bacterial adhesion by anchoring LPXTG-containing proteins to lipid II. Sortase A inhibitors do not affect bacterial growth, but they restrain the virulence of pathogenic bacterial strains, thereby preventing infections caused by Staphylococcus aureus or other Gram-positive bacteria. The efficacy of the most promising inhibitors needs to be com…
COVID-19: A forest fire rather than a wave?
2021
As I write this piece, many countries around the world are being described as experiencing a «second wave» of the COVID-19 pandemic. For example, on 19 September 2020, the UK Prime Minister Boris Johnson said: «We are now seeing a second wave coming in. We’ve seen it in France, in Spain, across Europe. It’s been absolutely inevitable, I’m afraid, that we would see it in this country».
 Metaphors are crucial tools for communication and thinking, and can be particularly useful in public health communication. For example, the «second wave» metaphor suggests that there is renewed danger and threat from the virus, and may therefore encourage compliance with measures aimed at reducing transm…