Search Results (52)

Current accounting standards do not allow recognition of intangible assets for indigenously created properties, resulting in a discrepancy between the book value and market value of firms operating within digital economies, where investments like cybersecurity and data governance are grossed up immediately on the statement of financial position as they are considered to be expensed under IFRS. This paper investigates whether voluntary Digital Reputation Risk Disclosure (DRRD) rectifies this valuation gap for the non-financial firms listed on the Saudi Exchange. Based on an automated bilingual dictionary-based textual analysis of 891 corporate documents and a two-step System GMM estimator run on an unbalanced panel of 619 firm-year observations from a sample of 132 firms for the period 2020–2024, we show that DRRD is statistically significantly negatively related to firm value at conventional levels, implying that investors perceive such disclosures as indications of higher risk exposure rather than stronger governance capabilities. While statistically insignificant, the moderating effect of firm size shows that negative valuation effects are concentrated on large firms according to sub-sample analysis. These findings are confirmed across several alternative specifications in the robustness checks. The findings demonstrate that voluntary digital risk disclosure, in the absence of standards-based frameworks, is not effective at bridging this valuation gap, and may instead activate functional fixation among investors. These findings highlight the importance of IASB’s standardization agenda regarding intangible assets and present relevant empirical data for developing capital markets. Full article

This study explored Entities’ Performance as an explained function of Human Resource Costs (HRC) to further justify recognition of the Labour Costs proxies in the Statement of Financial Position (SOFP). This has been investigated to provide robust empirical evidence from the Nigerian Exchange Group (NGX) to spur the International Accounting Standard Board (IASB) to release an Exposure Draft (ED) for public discussion and have a standard to recognize proxies of HRC as assets in the SOFP. To provide grounds for inclusion of HRC in the SOFP by the IASB, unlike most other empirical studies reviewed, which deployed limited methods and years of time series data, this study expanded the scope and methods using Pooled Cross-Sectional (PCS) time series data of 27 quoted companies from 1992 to 2023 in the NGX. While most studies employed inefficient Ordinary Least Squares (OLS), this current study progressed from Descriptive Statistics to OLS, Pooled OLS, and Rodman’s Xtabond2 Generalized Method of Moments (GMM) to resolve the conundrums of endogeneity, reversed causality, and stationarity common to unbalanced PCS time series data. The results revealed from the GMM showed that LSW (18.40), positive, and LTD (−22.63), inverse, and Wald ^2 = 66.35 with p-value (0.002), obviously validated the strong joint significance of the regressors on ROA (performance) of 27 sampled firms in the NGX. It is recommended that IASB align with the momentum from the output of research from academia by issuing standards to recognize HRC as assets in the SOFP. Full article

The exceptionally strong geomagnetic storm of 10–11 May 2024 injected new energetic protons and electrons into the terrestrial radiation belts, creating extraordinary conditions to study the loss mechanisms scattering these particles into the atmosphere after the storm. For the first time, four electron belts were observed during several weeks. We show that this structure was due to electron loss, highly dependent on specific positions. Using the proton and electron fluxes measured by the Energetic Particle Telescope, EPT, on board PROBA-V, we determine the lifetimes of these populations depending on their energy ranges and positions. We show that the lifetimes are much longer for protons than for electrons, which enables us to determine their time variations independently. For electrons, the wave–particle loss mechanisms depend on the background ionosphere–plasmasphere density. The lifetimes determined after the May 2024 and 10 October 2024 big events are compared with average ones to understand their unusual specificity for the formation of four and three belts, respectively. For the injected protons of 9.5 to 13 MeV, the lifetime is minimum at L~1.9, where the fluxes are maximum, showing a lifetime depending on the flux intensity. Loss is due to pitch angle diffusion and collisions with electrons and nuclei in the ambient plasma and neutral atmosphere. At the outer edge of the proton belt, the flux is depleted at all energies after the geomagnetic perturbation, and we determine that the progressive time of refilling after the storm generally reaches more than 40 days. There is an excellent discrimination between the different populations of energetic electrons (0.5–8 MeV) and the injected protons (9.5–13 MeV) that are still observed several months after the event. Such results contribute to advancing understanding of the interactions between the terrestrial atmosphere and space radiation. Full article

This study presents a comprehensive validation of total ozone columns from ozone profile (O₃P) and total ozone column (O₃T) products measured by the Geostationary Environment Monitoring Spectrometer (GEMS), through comparisons with Pandora, Ozone Mapping and Profiler Suite (OMPS) and TROPOspheric Monitoring Instrument (TROPOMI). O₃P version 3.0 demonstrates reduced dependence on viewing geometry compared to version 2.0, whereas the O₃T product shows a consistent offset between versions (v2.0 vs. v2.1). In comparison with Pandora, O₃P exhibits seasonal bias patterns similar to those seen in TROPOMI and OMPS, ranging from −2% in summer to +5% in winter. However, O₃T maintains abnormally persistent negative biases across seasons and times of day, along with a long-term degradation of 2–3% from 2021 to 2024. These findings suggest that O₃T biases likely result from uncorrected radiometric biases rather than algorithmic limitations. Validation metrics further highlight inconsistencies in O₃T, including a lower regression slope (~0.95) in the mid-latitude and higher root mean square errors in the low-latitude (~5%), compared to the other products (near 1.0 and 1–3%, respectively). Overall, O₃P outperforms TROPOMI and OMPS across most validation metrics in mid-latitudes and performs similarly at low latitudes. Full article

This work demonstrates that the four laws of classical thermodynamics apply to the statistics of symmetric observation distributions, and provides examples of how this can be exploited in uncertainty assessments. First, an expression for the partition function Z is derived. In contrast with general classical thermodynamics, however, this can be performed without the need for variational calculus, while Z also equals the number of observations N directly. Apart from the partition function $Z\equiv N$ as a scaling factor, three state variables m, n, and $ϵ$ fully statistically characterize the observation distribution, corresponding to its expectation value, degrees of freedom, and random error, respectively. Each term in the first law of thermodynamics is then shown to be a variation on $\delta m^2=\delta {(nϵ)}^2$ for both canonical (constant n and $ϵ$) and macro-canonical (constant $ϵ$) observation ensembles, while micro-canonical ensembles correspond to a single observation result bin having $\delta m^2=0$. This view enables the improved fitting and combining of observation distributions, capturing both measurand variability and measurement precision. Full article

The asb5 gene, a member of the Asb protein subfamily characterized by six ankyrin repeat domains, is highly conserved and comprises two subtypes, asb5a and asb5b, in zebrafish. Our previous research has demonstrated that a deficiency of the asb5 gene significantly impairs early cardiac contractile function, highlighting its close relationship with heart development. Zebrafish asb5 expression was disrupted by both morpholino (MO) antisense oligomer-mediated knockdown and a CRISPR-Cas9 system. A high-throughput RNA-Seq analysis was used to analyze the possible molecular regulatory mechanism of asb5 gene deletion leading to left–right (L-R) asymmetry defects in the heart. Whole-mount in situ hybridization (WISH) was conducted to evaluate gene expression patterns of Nodal signaling components and the positions of heart organs. Heart looping was defective in zebrafish asb5 morphants. Rescue experiments in the asb5-deficiency group (inactivating both asb5a and asb5b) demonstrated that the injection of either asb5a-mRNA or asb5b-mRNA alone was insufficient to rectify the abnormal L-R asymmetry of the heart. In contrast, the simultaneous injection of both asb5a-mRNA and asb5b-mRNA successfully rescued the morphological phenotype. A high-throughput RNA-Seq analysis of embryos at 48 h post fertilization (hpf) revealed that numerous genes associated with L-R asymmetry exhibited expression imbalances in the asb5-deficiency group. WISH further confirmed that the expression of genes such as fli1a, acta1b, hand2, has2, prrx1a, notch1b, and foxa3 were upregulated, while the expression of mei2a and tal1 was downregulated. These results indicated that loss of the asb5 gene in zebrafish led to the disordered development of L-R asymmetry in the heart, resulting in an imbalance in the expression of genes associated with the regulation of L-R asymmetry. Subsequently, we examined the expression patterns of classical Nodal signaling pathway-related genes using WISH. The results showed that the midline barrier factor gene lefty1 was downregulated at early stages in the asb5-deficiency group, and the expression of spaw and lefty2, which are specific to the left lateral plate mesoderm (LPM), was disrupted. This study reveals that the two subtypes of the asb5 gene in zebrafish, asb5a and asb5b, interact and jointly regulate the establishment of early cardiac L-R asymmetry through the Nodal-spaw-lefty signaling pathway. Full article

The month of May 2024 was characterized by solar energetic particles events directed towards the Earth, especially the big event causing a strong terrestrial geomagnetic storm during the night from 10 to 11 May 2024, with auroras observed everywhere in Europe. This was the strongest storm for the last 20 years with a Disturbed Storm Time index Dst < −400 nT. In the present work, we show with observations of GOES, PROBA-V/EPT and MetOP/MEPED that this exceptional event was associated with the injection of energetic protons in the proton radiation belt, with important consequences for the South part of the South Atlantic Anomaly (SAA). In addition, the geomagnetic storm caused by the solar eruption has had tremendous impacts on the electron radiation belts. Indeed, we show that for 0.3 to 1 MeV electrons, the storm led to a long lasting four belts configuration which was not observed before with EPT launched in 2013, until a smaller geomagnetic storm took place at the end of June 2024. Moreover, for the first time since its launch, observations of the EPT show that ultra-relativistic electrons with $E>2$ MeV have been injected into the inner belt down to McIlwain parameter L = 2.4, violating the impenetrable barrier previously estimated to be located at L = 2.8. Full article

Uvsq-Sat NG is a French 6U CubeSat (10 × 20 × 30 cm) of the International Satellite Program in Research and Education (INSPIRE) designed primarily for observing greenhouse gases (GHG) such as CO₂ and CH₄, measuring the Earth’s radiation budget (ERB), and monitoring solar spectral irradiance (SSI) at the top-of-atmosphere (TOA). It epitomizes an advancement in CubeSat technology, showcasing its enhanced capabilities for comprehensive Earth observation. Scheduled for launch in 2025, the satellite carries a compact and miniaturized near-infrared (NIR) spectrometer capable of performing observations in both nadir and solar directions within the wavelength range of 1100 to 2000 nm, with a spectral resolution of 7 nm and a 0.15° field of view. This study outlines the preflight calibration process of the Uvsq-Sat NG NIR spectrometer (UNIS), with a focus on the spectral response function and the absolute calibration of the instrument. The absolute scale of the UNIS spectrometer was accurately calibrated with a quartz-halogen lamp featuring a coiled-coil tungsten filament, certified by the National Institute of Standards and Technology (NIST) as a standard of spectral irradiance. Furthermore, this study details the ground-based measurements of direct SSI through atmospheric NIR windows conducted with the UNIS spectrometer. The measurements were obtained at the Pommier site (45.54°N, 0.83°W) in Charentes–Maritimes (France) on 9 May 2024. The objective of these measurements was to verify the absolute calibration of the UNIS spectrometer conducted in the laboratory and to provide an extraterrestrial solar spectrum using the Langley-plot technique. By extrapolating the data to AirMass Zero (AM0), we obtained high-precision results that show excellent agreement with SOLAR-HRS and TSIS-1 HSRS solar spectra. At 1.6 μm, the SSI was determined to be 238.59 ± 3.39 mW.m⁻².nm⁻¹ (k = 2). These results demonstrate the accuracy and reliability of the UNIS spectrometer for both SSI observations and GHG measurements, providing a solid foundation for future orbital data collection and analysis. Full article

Carbon dioxide (CO₂) is the most important long-lived greenhouse gas and can be retrieved using solar absorption spectra recorded by a ground-based Fourier-transform infrared spectrometer (FTIR). In this study, we investigate the CO₂ retrieval strategy using the Network for the Detection of Atmospheric Composition Change–Infrared Working Group (NDACC–IRWG) type spectra between August 2018 and April 2022 (~4 years) at Xianghe, China, aiming to find the optimal observed spectra, retrieval window, and spectroscopy. Two spectral regions, near 2600 and 4800 cm⁻¹, are analyzed. The differences in column-averaged dry-air mole fraction of CO₂ (XCO₂) derived from spectroscopies (ATM18, ATM20, HITRAN2016, and HITRAN2020) can be up to 1.65 ± 0.95 ppm and 7.96 ± 2.02 ppm for NDACC-type 2600 cm⁻¹ and 4800 cm⁻¹ retrievals, respectively, which is mainly due to the CO₂ differences in air-broadened Lorentzian HWHM coefficient (γ_air) and line intensity (S). HITRAN2020 provides the best fitting, and the retrieved CO₂ columns and profiles from both 2600 and 4800 cm⁻¹ are compared to the co-located Total Column Carbon Observing Network (TCCON) measurements and the greenhouse gas reanalysis dataset from the Copernicus Atmosphere Monitoring Service (CAMS). The amplitude of XCO₂ seasonal variation derived from the NDACC-type (4800 cm⁻¹) is closer to the TCCON measurements than that from the NDACC-type (2600 cm⁻¹). Moreover, the NDACC-type (2600 cm⁻¹) retrievals are strongly affected by the a priori profile. For tropospheric XCO₂, the correlation coefficient between NDACC-type (4800 cm⁻¹) and CAMS model is 0.73, which is higher than that between NDACC-type (2600 cm⁻¹) and CAMS model (R = 0.56). Full article

NOMAD is a suite of spectrometers on the board of the ESA-Roscosmos Trace Gas Orbiter (TGO) spacecraft and is capable of investigating the Martian environment at very high spectral resolution in the ultraviolet–visible and infrared spectral ranges by means of three separate channels: UVIS (0.2–0.65 μm), LNO (2.2–3.8 μm), and SO (2.3–4.3 μm). Among all channels, LNO is the only one operating at infrared wavelengths in nadir-viewing geometry, providing information on the whole atmospheric column and on the surface. Unfortunately, the LNO data are characterized by an overall low level of signal-to-noise ratio (SNR), limiting their contribution to the scientific objectives of the TGO mission. In this study, we assess the possibility of enhancing LNO nadir data SNR by applying the Minimum Noise Fraction (MNF), a well-known algorithm based on the Principal Components technique that has the advantage of providing transform eigenvalues ordered with increasing noise. We set up a benchmark process on an ensemble of synthetic spectra in order to optimize the algorithm specifically for LNO datasets. We verify that this optimization is limited by the presence of spectral artifacts introduced by the MNF itself, and the maximum achievable SNR is dependent on the scientific purpose of the analysis. MNF application study cases are provided to LNO data subsets in the ranges 2.627–2.648 μm and 2.335–2.353 μm (spectral orders 168 and 189, respectively) covering absorption features of gaseous H₂O and CO and CO₂ ice, achieving a substantial enhancement in the quality of the observations, whose SNR increases up to a factor of 10. While such an enhancement is still not enough to enable the investigation of spectral features of faint trace gases (in any case featured in orders whose spectral calibration is not fully reliable, hence preventing the application of the MNF), interesting perspectives for improving retrieval of both atmospheric and surface features from LNO nadir data are implied. Full article

When high-energy particles originating from space penetrate the atmosphere, they may interact with atoms and molecules, initiating air showers composed of secondary and tertiary particles propagating towards the ground. They can cause ionization of the atmosphere and contribute to the radiation dose at low altitudes. This work uses the GEANT-4-based Atmospheric Radiation Interaction Simulator (AtRIS) toolkit to compute these quantities in the Earth’s atmosphere. We take advantage of the unique Planet Specification File (PSF) of the Atmospheric Radiation Interaction Simulator (AtRIS) to investigate the effect of the state of the atmosphere on the resulting induced ionization and absorbed dose rates from the top of the atmosphere (at 100 km) down to the surface. The atmospheric profiles (density, pressure, temperature, and composition) are computed with the NRLMSISE-00 model at various latitudes and for every month of 2014, corresponding to the last maximum of solar activity. The resulting ionization and dose rates present different profiles that vary with latitude in the atmosphere, with the relative difference between equatorial and high latitude ionization rates reaching 68% in the Pfotzer maximum. We obtain differences of up to 59% between the equator and high latitudes observed at commercial flight altitudes for the radiation dose. Both ionization and absorbed dose rates also feature anti-phased seasonal variations in the two hemispheres throughout 2014. Based on these results, we computed global maps of the ionization and dose rates at fixed altitudes in the atmosphere by using precomputed maps of the effective vertical cutoff rigidities and the results of three AtRIS simulations to consider the effect of latitude. While sharing the same general structure as maps created with a single profile, these new maps also show a clear asymmetry in the ionization and absorbed dose rates in the polar regions. Full article

Ankyrin repeat and suppression-of-cytokine-signaling box (Asb) proteins, a subset of ubiquitin ligase E3, include Asb5 with six ankyrin-repeat domains. Zebrafish harbor two asb5 gene isoforms, asb5a and asb5b. Currently, the effects of asb5 gene inactivation on zebrafish embryonic development and heart function are unknown. Using CRISPR/Cas9, we generated asb5a-knockout zebrafish, revealing no abnormal phenotypes at 48 h post-fertilization (hpf). In situ hybridization showed similar asb5a and asb5b expression patterns, indicating the functional redundancy of these isoforms. Morpholino interference was used to target asb5b in wild-type and asb5a-knockout zebrafish. Knocking down asb5b in the wild-type had no phenotypic impact, but simultaneous asb5b knockdown in asb5a-knockout homozygotes led to severe pericardial cavity enlargement and atrial dilation. RNA-seq and cluster analyses identified significantly enriched cardiac muscle contraction genes in the double-knockout at 48 hpf. Moreover, semi-automatic heartbeat analysis demonstrated significant changes in various heart function indicators. STRING database/Cytoscape analyses confirmed that 11 cardiac-contraction-related hub genes exhibited disrupted expression, with three modules containing these genes potentially regulating cardiac contractile function through calcium ion channels. This study reveals functional redundancy in asb5a and asb5b, with simultaneous knockout significantly impacting zebrafish early heart development and contraction, providing key insights into asb5’s mechanism. Full article

In recent decades, there has been an increasing interest in making use of satellite measurements for identifying trends in atmospheric composition and climate. Instruments like GOME-2 and TROPOMI are dedicated to air-quality and global trace gas monitoring. For the accurate retrieval of columnar information of the trace gases, cloud correction is necessary. This work is meant to examine the quality of the GOME-2 operational cloud product from AC SAF and to propose enhancements of the current dataset to improve the retrieval of the NO₂ and HCHO tropospheric gases. Full article

The International Financial Reporting Standards (IFRS) do not make explicit provisions, in terms of a specifically dedicated standard, for the accounting treatment of cryptocurrencies. This creates uncertainty, and guidance is therefore required in terms of accounting for such investments. Accounting theory has the potential to provide the foundation for this guidance. This study aimed to determine the most appropriate accounting treatment for cryptocurrencies based on the International Accounting Standards Board’s (IASB) Conceptual Framework for Financial Reporting (as a form of accounting theory) that results in decision-useful information. The research further investigated the proposed accounting treatment in terms of IFRS and sought to determine whether this treatment was aligned with the IASB’s conceptual framework. This qualitative study conducted a non-empirical interpretative analysis of the literature (focusing specifically on accounting theory) to address the research aim. The conceptual framework indicated that the most appropriate way to account for cryptocurrencies was to recognise an asset at fair value. This accounting treatment aligns with accounting for assets under International Accounting Standard (IAS) 2 commodities held by broker-traders and the IAS 38 revaluation model. Addressing the problem of accounting for cryptocurrencies with reference to accounting theory makes this study novel. The guidance provided could reduce uncertainty among entities holding investments in cryptocurrencies and could increase the decision-usefulness of financial information. Full article

From December 2020 to February 2022, 66 lava fountains (LF) occurred at Etna volcano (Italy). Despite their short duration (an average of about two hours), they produced a strong impact on human life, environment, and air traffic. In this work, the measurements collected from the Spinning Enhanced Visible and InfraRed Imager (SEVIRI) instrument, on board Meteosat Second Generation (MSG) geostationary satellite, are processed every 15 min to characterize the volcanic clouds produced during the activities. In particular, a quantitative estimation of volcanic cloud top height (VCTH) and ash/ice/SO₂ masses’ time series are obtained. VCTHs are computed by integrating three different retrieval approaches based on coldest pixel detection, plume tracking, and HYSPLIT models, while particles and gas retrievals are realized simultaneously by exploiting the Volcanic Plume Retrieval (VPR) real-time procedure. The discrimination between ashy and icy pixels is carried out by applying the Brightness Temperature Difference (BTD) method with thresholds obtained by making specific Radiative Transfer Model simulations. Results indicate a VCTH variation during the entire period between 4 and 13 km, while the SO₂, ash, and ice total masses reach maximum values of about 50, 100, and 300 Gg, respectively. The cumulative ash, ice, and SO₂ emitted from all the 2020–2022 LFs in the atmosphere are about 750, 2300, and 670 Gg, respectively. All the retrievals indicate that the overall activity can be grouped into 3 main periods in which it passes from high (December 2020 to March 2021), low (March to June 2021), and medium/high (June 2021 to February 2022). The different products have been validated by using TROPOspheric Monitoring Instrument (TROPOMI) polar satellite sensor, Volcano Observatory Notices for Aviation (VONA) bulletins, and by processing the SEVIRI data considering a different and more accurate retrieval approach. The products’ cross-comparison shows a generally good agreement, except for the SO₂ total mass in case of high ash/ice content in the volcanic cloud. Full article