WorldWideScience

Sample records for salmon stocks listed

  1. Resource implications of listing Columbia River Basin salmon stocks under the endangered species act

    International Nuclear Information System (INIS)

    Velehradsky, J.E.

    1993-01-01

    The Columbia River and Snake River dams and reservoirs provide substantial benefits in the Northwest through their operation for hydropower, flood control, irrigation, navigation, and fish and wildlife. The listing of certain Snake River salmon stocks as endangered and threatened, under provisions of the Endangered Species Act, has surfaced major public policy issues. Protection and enhancement of these salmon stocks has resulted in proposals to significantly modify the operation of the reservoir projects. Implementation of these proposals could have significant economic, environmental and social impacts in the region

  2. Chinook Bycatch - Contemporary Salmon Genetic Stock Composition Estimates

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The purpose of this project is to measure and monitor impacts on ESA-listed populations and to estimate overall Chinook salmon stock composition in bycatch...

  3. Review of potential interactions between stocked rainbow trout and listed Snake River sockeye salmon in Pettit Lake Idaho

    Energy Technology Data Exchange (ETDEWEB)

    Teuscher, D.

    1996-05-01

    The objective of this study was to determine if hatchery rainbow trout compete with or prey on juvenile Snake River sockeye salmon Oncorhynchus nerka in Pettit Lake, Idaho. In 1995, a total of 8,570 age-0 sockeye and 4,000 hatchery rainbow trout were released in Pettit Lake. After releasing the fish, gillnets were set in the pelagic and littoral zones to collected diet and spatial distribution data. Interactions were assessed monthly from June 1995 through March 1996. Competition for food was discounted based on extremely low diet overlap results observed throughout the sample period. Conversely, predation interactions were more significant. A total of 119 rainbow trout stomachs were analyzed, two contained O. nerka. The predation was limited to one sample period, but when extrapolated to the whole rainbow trout populations results in significant losses. Total consumption of O. nerka by rainbow trout ranged from an estimated 10 to 23% of initial stocking numbers. Predation results contradict earlier findings that stocked rainbow trout do not prey on wild kokanee or sockeye in the Sawtooth Lakes. The contradiction may be explained by a combination of poorly adapted hatchery sockeye and a littoral release site that forced spatial overlap that was not occurring in the wild populations. Releasing sockeye in the pelagic zone may have reduced or eliminated predation losses to rainbow trout.

  4. Review of potential interactions between stocked rainbow trout and listed Snake River sockeye salmon in Pettit Lake Idaho

    International Nuclear Information System (INIS)

    Teuscher, D.

    1996-01-01

    The objective of this study was to determine if hatchery rainbow trout compete with or prey on juvenile Snake River sockeye salmon Oncorhynchus nerka in Pettit Lake, Idaho. In 1995, a total of 8,570 age-0 sockeye and 4,000 hatchery rainbow trout were released in Pettit Lake. After releasing the fish, gillnets were set in the pelagic and littoral zones to collected diet and spatial distribution data. Interactions were assessed monthly from June 1995 through March 1996. Competition for food was discounted based on extremely low diet overlap results observed throughout the sample period. Conversely, predation interactions were more significant. A total of 119 rainbow trout stomachs were analyzed, two contained O. nerka. The predation was limited to one sample period, but when extrapolated to the whole rainbow trout populations results in significant losses. Total consumption of O. nerka by rainbow trout ranged from an estimated 10 to 23% of initial stocking numbers. Predation results contradict earlier findings that stocked rainbow trout do not prey on wild kokanee or sockeye in the Sawtooth Lakes. The contradiction may be explained by a combination of poorly adapted hatchery sockeye and a littoral release site that forced spatial overlap that was not occurring in the wild populations. Releasing sockeye in the pelagic zone may have reduced or eliminated predation losses to rainbow trout

  5. Chinook salmon Genetic Stock Identification data - Genetic Stock Identification of Washington Chinook salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This project evaluates data from coded wire tagging with that from parental based tagging to identify stock of origin for Chinook salmon landed in Washington state...

  6. Lists of semi-dwarf cereal stocks

    International Nuclear Information System (INIS)

    1984-01-01

    The lists are prepared in relation to the Co-ordinated Research Programme. At the first Research Co-ordination Meeting on evaluation of cereal semi-dwarf mutants for cross breeding, March 1981, programme participants were requested to list semi-dwarf mutants available at their institutes including also non-induced semi-dwarf stocks being used in cross-breeding programme for short stature. List-I is prepared from such lists provided by programme participants. Further it was requested to name breeders and institutes providing characteristics of the listed semi-dwarf stocks. List-II gives that information. In the List-I: Parents of semi-dwarf stocks derived from cross breeding, are shown in brackets. In column ''Culm length'', figures are in cm and those of parent cultivars are shown in brackets

  7. Atlantic salmon brood stock management and breeding handbook

    Science.gov (United States)

    Kincaid, Harold L.; Stanley, Jon G.

    1989-01-01

    Anadromus runs of Atlantic salmon have been restored to the Connecticut, Merrimack, Pawcatuck, Penobscot, and St. Croix rivers in New England by the stocking of more than 8 million smolts since 1948. Fish-breeding methods have been developed that minimize inbreeding and domestication and enhance natural selection. Methods are available to advance the maturation of brood stock, control the sex of production lots and store gametes. Current hatchery practices emphasize the use of sea-run brood stock trapped upon return to the rivers and a limited number of captive brood stock and rejuvenated kelts. Fish are allowed to mature naturally, after which they are spawned and incubated artificially. Generally, 1-year smolts are produced, and excess fish are stocked as fry in headwater streams. Smolts are stocked during periods of rising water in spring. Self-release pools are planned that enable smolts to choose the emigration time. Culturists keep good records that permit evaluation of the performance of strains and the effects of breeding practices. As Atlantic salmon populations expand, culturists must use sound breeding methods that enhance biotic potential while maintaining genetic diversity and protecting unique gene pools.

  8. Use of Artificial Propagation and Supplementation for Rebuilding Salmon Stocks Listed under the Endangered Species Act : Recovery Issues for Threatened and Endangered Snake River Salmon : Technical Report 5 of 11.

    Energy Technology Data Exchange (ETDEWEB)

    Lichatowich, Jim; Watson, Bruce

    1993-06-01

    Conventional hatcheries, supplementation, and habitat protection are management activities located on a production continuum. At one end of the continuum is the conventional hatchery which attempts to separate artificially propagated fish from naturally reproducing populations. On the other end of the continuum is natural production. Supplementation which attempts to increase natural production through the use of artificial propagation lies somewhere between natural production and conventional hatcheries on the continuum. The use of artificial propagation in the recovery of listed species is controversial. Guidance on the use of artificial propagation in the recovery of listed species comes from three sources: The Endangered Species Act (ESA), US Fish and Wildlife Service (USFWS) policies and National Marine Fisheries Service (NMFS) guidelines.

  9. Regional-Scale Declines in Productivity of Pink and Chum Salmon Stocks in Western North America

    Science.gov (United States)

    Malick, Michael J.; Cox, Sean P.

    2016-01-01

    Sockeye salmon (Oncorhynchus nerka) stocks throughout the southern part of their North American range have experienced declines in productivity over the past two decades. In this study, we tested the hypothesis that pink (O. gorbuscha) and chum (O. keta) salmon stocks have also experienced recent declines in productivity by investigating temporal and spatial trends in productivity of 99 wild North American pink and chum salmon stocks. We used a combination of population dynamics and time series models to quantify individual stock trends as well as common temporal trends in pink and chum salmon productivity across local, regional, and continental spatial scales. Our results indicated widespread declines in productivity of wild chum salmon stocks throughout Washington (WA) and British Columbia (BC) with 81% of stocks showing recent declines in productivity, although the exact form of the trends varied among regions. For pink salmon, the majority of stocks in WA and BC (65%) did not have strong temporal trends in productivity; however, all stocks that did have trends in productivity showed declining productivity since at least brood year 1996. We found weaker evidence of widespread declines in productivity for Alaska pink and chum salmon, with some regions and stocks showing declines in productivity (e.g., Kodiak chum salmon stocks) and others showing increases (e.g., Alaska Peninsula pink salmon stocks). We also found strong positive covariation between stock productivity series at the regional spatial scale for both pink and chum salmon, along with evidence that this regional-scale positive covariation has become stronger since the early 1990s in WA and BC. In general, our results suggest that common processes operating at the regional or multi-regional spatial scales drive productivity of pink and chum salmon stocks in western North America and that the effects of these process on productivity may change over time. PMID:26760510

  10. 76 FR 20302 - Listing Endangered and Threatened Species; 90-Day Finding on a Petition To List Chinook Salmon

    Science.gov (United States)

    2011-04-12

    ... a Petition To List Chinook Salmon AGENCY: National Marine Fisheries Service (NMFS), National Oceanic... salmon (Oncorhynchus tshawytscha) in the Upper Klamath and Trinity Rivers Basin as threatened or... conduct a status review of the Chinook salmon in the Upper Klamath and Trinity Rivers Basin to determine...

  11. 77 FR 19597 - Listing Endangered and Threatened Species; 12-Month Finding on a Petition To List Chinook Salmon...

    Science.gov (United States)

    2012-04-02

    ... broodstock origin, history, and genetics for these three Chinook salmon hatchery stocks and concluded that... Science Center, USFWS, and U.S. Forest Service with expertise in the biology, genetics, and ecology of... specific expertise on UKTR Chinook salmon genetics, and the other reviewer has expertise in the ecology of...

  12. Comparing life history characteristics of Lake Michigan’s naturalized and stocked Chinook Salmon

    Science.gov (United States)

    Kerns, Janice A; Rogers, Mark W.; Bunnell, David B.; Claramunt, Randall M.; Collingsworth, Paris D.

    2016-01-01

    Lake Michigan supports popular fisheries for Chinook Salmon Oncorhynchus tshawytscha that have been sustained by stocking since the late 1960s. Natural recruitment of Chinook Salmon in Lake Michigan has increased in the past few decades and currently contributes more than 50% of Chinook Salmon recruits. We hypothesized that selective forces differ for naturalized populations born in the wild and hatchery populations, resulting in divergent life history characteristics with implications for Chinook Salmon population production and the Lake Michigan fishery. First, we conducted a historical analysis to determine if life history characteristics changed through time as the Chinook Salmon population became increasingly naturalized. Next, we conducted a 2-year field study of naturalized and hatchery stocked Chinook Salmon spawning populations to quantify differences in fecundity, egg size, timing of spawning, and size at maturity. In general, our results did not indicate significant life history divergence between naturalized and hatchery-stocked Chinook Salmon populations in Lake Michigan. Although historical changes in adult sex ratio were correlated with the proportion of naturalized individuals, changes in weight at maturity were better explained by density-dependent factors. The field study revealed no divergence in fecundity, timing of spawning, or size at maturity, and only small differences in egg size (hatchery > naturalized). For the near future, our results suggest that the limited life history differences observed between Chinook Salmon of naturalized and hatchery origin will not lead to large differences in characteristics important to the dynamics of the population or fishery.

  13. Stock Identification of Columbia River Chinook Salmon and Steelhead Trout, 1986 Final Report.

    Energy Technology Data Exchange (ETDEWEB)

    Schreck, Carl B.; Li, Hiran W.; Hjort, Randy C.

    1986-08-01

    For the first time genetic similarities among chinook salmon and among steelhead trout stocks of the Columbia River were determined using a holistic approach including analysis of life history, biochemical, body shape and meristic characters. We examined between year differences for each of the stock characteristics and we also correlated the habitat characteristics with the wild stock characteristics. The most important principle for managing stocks of Columbia River chinook salmon and steelhead trout is that geographically proximal stocks tend to be like each other. Run timing and similarity of the stream systems should be taken into account when managing stocks. There are similarities in the classifications derived for chinook salmon and steelhead trout. Steelhead trout or chinook salmon tend to be genetically similar to other steelhead or chinook stocks, respectively, that originate from natal streams that are geographically close, regardless of time of freshwater entry. The primary exception Lo this trend is between stocks of spring and fall chinook in the upper Columbia River where fish with the different run timings are dissimilar, though geographically proximate stocks within a run form are generally very similar. Spring chinook stocks have stronger affinities to other spring chinook stocks that originate in the same side of the Cascade Range than to these Spring chinook stock: spawned on the other side of the Cascade Range. Spring chinook from west of the Cascades are more closely related to fall chinook than they are to spring chinook from east of the Cascades. Summer chinook can be divided into two main groups: (1) populations in the upper Columbia River that smolt as subyearlings and fall chinook stocks; and (2) summer chinook stocks from the Salmon River, Idaho, which smolt as yearlings and are similar to spring chinook stocks from Idaho. Fall chinook appear to comprise one large diverse group that is not easily subdivided into smaller subgroups. In

  14. Motivators of Dividend Payout among Firms listed on the Stock ...

    African Journals Online (AJOL)

    Nafiisah

    firms that are officially listed on the Stock Exchange of Mauritius. .... future prospects of their firms, their actions might convey new information to ... Sometimes, when designing dividend policies, some firms consider the behaviour of their.

  15. A microsatellite baseline for genetic stock identification of European Atlantic salmon (Salmo salar L.)

    DEFF Research Database (Denmark)

    Gilbey, John; Coughlan, Jamie; Wennevik, Vidar

    2018-01-01

    Atlantic salmon (Salmo salar L.) populations from different river origins mix in the North Atlantic during the marine life stage. To facilitate marine stock identification, we developed a genetic baseline covering the European component of the species' range excluding the Baltic Sea, from the Rus...

  16. Sources of Phenotypic and Genetic Variation for Seawater Growth in Five North American Atlantic Salmon Stocks

    Science.gov (United States)

    In 2003 pedigreed families were obtained from two St. John’s River sources, Penobscot River, Gaspe´, and landlocked salmon stocks. Eyed eggs were disinfected upon arrival, and incubated in separate hatching jars. Fry were transferred prior to first feeding into individual 0.1-m3 tanks receiving 8 ...

  17. Stock Identification of Columbia River Chinook Salmon and Steelhead Trout, 1984-1985 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Schreck, Carl B.; Sharpe, Cameron; Li, Hiram W. (Oregon State University, Oregon Cooperative Fishery Research Unit, Corvallis, OR)

    1985-09-21

    Fish were collected from 60 stocks of chinook salmon and 62 stocks of steelhead trout. Electrophoretic analyses were completed on 43 stocks of chinook salmon and 41 stocks of steelhead trout and meristic counts were completed on 43 stocks of chinook and 41 stocks of steelhead. Statistical comparisons between year classes of our electrophoretic data indicate that most enzyme systems are stable over time but some may be dynamic and should be used with caution in our analyses. We also compared neighboring stocks of both spring chinook and steelhead trout. These comparisons were between stocks of the same race from adjacent stream systems and/or hatcheries. Differences in isozyme gene frequencies can be used to estimate genetic segregation between pairs of stocks. Analysis of the chinook data suggests that, as expected, the number of statistically significant differences in isozyme gene frequencies increases as the geographic distance between stocks increases. The results from comparisons between adjacent steelhead stocks were inconclusive and must await final analysis with more data. Cluster analyses using either isozyme gene frequencies or meristic characters both tended to group the chinook and steelhead stocks by geographic areas and by race and both methods resulted in generally similar grouping patterns. However, cluster analyses using isozyme gene frequencies produced more clusters than the analyses using meristic characters probably because of the greater number of electrophoretic characters compared to the number of meristic characters. Heterozygosity values for each stock were computed using the isozyme gene frequencies. The highest heterozygosity values for chinook were observed in summer chinook and the hatchery stocks while the lowest values were observed in the spring chinook and wild stocks. The results of comparisons of heterozygosity values among areas were inconclusive. The steelhead heterozygosity values were higher in the winter stocks than in the

  18. Differential response of continental stock complexes of Atlantic salmon (Salmo salar) to the Atlantic Multidecadal Oscillation

    Science.gov (United States)

    Friedland, Kevin D.; Shank, Burton V.; Todd, Christopher D.; McGinnity, Philip; Nye, Janet A.

    2014-05-01

    Atlantic salmon, Salmo salar, in the North Atlantic are managed as a set of population complexes distributed in North America and Europe. In recent years, these complexes have experienced reduced marine survival and many populations within the complexes are at risk, especially those at the southern ends of the species amphi-Atlantic range. Atlantic salmon is an anadromous fish dividing its life history between residence in freshwater and the marine environment. The freshwater portion of the life history includes spawning and the rearing of juveniles where in-river production has tended to be relatively stable, whereas the first year at sea, termed the post-smolt year, is characterized by more variable rates of mortality. Although their habitats are widely separated geographically along the North Atlantic seaboards, strong recruitment coherence exists between North American and European stock complexes. This recruitment coherence is correlated with ocean temperature variation associated with the Atlantic Multidecadal Oscillation (AMO). The North Atlantic Oscillation (NAO) appears to be relatively unimportant as a driver of salmon abundance. The mechanism determining the link between AMO-related thermal variation and abundance appears to differ fundamentally for the two continental stock groupings. Whereas ocean climate variability during the first springtime months of juvenile salmon migration to sea appears to be important to the survival of North American stocks, summer climate variation appears to be central to adult recruitment variation for European stocks. This contrast in seasonal effects appears to be related to the varying roles of predation pressure and size-related mortality on the continental stock complexes. The anticipated warming due to global climate change will impose thermal conditions on salmon populations outside historical context and challenge the ability of many populations to persist.

  19. STOCK EXCHANGE LISTING INDUCES SOPHISTICATION OF CAPITAL BUDGETING

    Directory of Open Access Journals (Sweden)

    Wesley Mendes-da-Silva

    2014-08-01

    Full Text Available This article compares capital budgeting techniques employed in listed and unlisted companies in Brazil. We surveyed the Chief Financial Officers (CFOs of 398 listed companies and 300 large unlisted companies, and based on 91 respondents, the results suggest that the CFOs of listed companies tend to use less simplistic methods more often, for example: NPV and CAPM, and that CFOs of unlisted companies are less likely to estimate the cost of equity, despite being large companies. These findings indicate that stock exchange listing may require greater sophistication of the capital budgeting process.

  20. Growth and smolting in lower-mode Atlantic Salmon stocked into the Penobscot River, Maine

    Science.gov (United States)

    Zydlewski, Joseph D.; O'Malley, Andrew; Cox, Oliver; Ruksznis, Peter; Trial, Joan G.

    2014-01-01

    Restoration of Atlantic Salmon Salmo salar in Maine has relied on hatchery-produced fry and smolts for critical stocking strategies. Stocking fry minimizes domestication selection, but these fish have poor survival. Conversely, stocked smolts have little freshwater experience but provide higher adult returns. Lower-mode (LM) fish, those not growing fast enough to ensure smolting by the time of stocking, are a by-product of the smolt program and are an intermediate hatchery product. From 2002 to 2009, between 70,000 and 170,000 marked LM Atlantic Salmon were stocked into the Pleasant River (a tributary in the Penobscot River drainage, Maine) in late September to early October. These fish were recaptured as actively migrating smolts (screw trapping), as nonmigrants (electrofishing), and as returning adults to the Penobscot River (Veazie Dam trap). Fork length (FL) was measured and a scale sample was taken to retrospectively estimate FL at winter annulus one (FW1) using the intercept-corrected direct proportion model. The LM fish were observed to migrate as age-1, age-2, and infrequently as age-3 smolts. Those migrating as age-1 smolts had a distinctly larger estimated FL at FW1 (>112 mm) than those that remained in the river for at least one additional year. At the time of migration, age-2 and age-3 smolts were substantially larger than age-1 smolts. Returning adult Atlantic Salmon of LM origin had estimated FLs at FW1 that corresponded to smolt age (greater FL for age 1 than age 2). The LM product produces both age-1 and age-2 smolts that have greater freshwater experience than hatchery smolts and may have growth and fitness advantages. The data from this study will allow managers to better assess the probability of smolting age and manipulate hatchery growth rates to produce a targeted-size LM product.

  1. Stock Assessment of Columbia River Anadromous Salmonids : Final Report, Volume I, Chinook, Coho, Chum and Sockeye Salmon Summaries.

    Energy Technology Data Exchange (ETDEWEB)

    Howell, Philip J.

    1986-07-01

    The purpose was to identify and characterize the wild and hatchery stocks of salmon and steelhead in the Columbia River Basin on the basis of currently available information. This report provides a comprehensive compilation of data on the status and life histories of Columbia Basin salmonid stocks.

  2. Stock Options Economic Determinants of Brazilian Listed Companies

    Directory of Open Access Journals (Sweden)

    Isaac Gezer Silva de Oliveira

    2018-01-01

    Full Text Available It aim to identify the economic determinants that influence the use of stock options plans in Brazilian public companies listed on the Brazilian Securities, Commodities, and Futures Exchange (BM&FBovespa. Theoretically, the study relies on agency theory and corporate governance and executive compensation body of knowledge. Four research hypotheses were drawn concerning financial performance and corporate value; indebtedness; ownership concentration; and size. The sample was comprised of 100 companies with greater liquidity shares and volume for six years (from 2010 to2015.Data were examined from the logistic regression panel. The results lead to the rejection of the first and the fourth hypo the sesindicating, in the case of H1, that the higher financial performance the lower is probability of use stock options and, in the case of H4, that the higher size is related the lower is probability of use of stock options in their incentive plans for executives. The third hypothesis (H3 was not rejected, indicating that the ownership concentration relates negatively with the use of stock options. Regarding the second hypothesis (H2, the results did not present statistical significance indicating the absence of a relationship between indebtedness and the use of stock options. As a summary of the results it was found that the use of stock options tend to be used by lower companies, with lower ownership concentration and lower financial performance.

  3. Harvest Management and Recovery of Snake River Salmon Stocks : Recovery Issues for Threatened and Endangered Snake River Salmon : Technical Report 7 of 11.

    Energy Technology Data Exchange (ETDEWEB)

    Lestelle, Lawrence C.; Gilbertson, Larry G.

    1993-06-01

    Management measures to regulate salmon fishing harvest have grown increasingly complex over the past decade in response to the needs for improved protection for some salmon runs and to alter harvest sharing between fisheries. The development of management plans that adequately address both needs is an immensely complicated task, one that involves a multitude of stocks, each with its own migration patterns and capacity to sustain exploitation. The fishing industry that relies on these fish populations is also highly diverse. The management task is made especially difficult because the stocks are often intermingled on the fishing grounds, creating highly mixed aggregates of stocks and species on which the fisheries operate. This situation is the one confronting harvest managers attempting to protect Snake River salmon. This report provides an overview of some of the factors that will need to be addressed in assessing the potential for using harvest management measures in the recovery of Snake River salmon stocks. The major sections of the report include the following: perspectives on harvest impacts; ocean distribution and in-river adult migration timing; description of management processes and associated fisheries of interest; and altemative harvest strategies.

  4. Spatiotemporal dynamics of the Atlantic salmon (Salmo salar) Greenland fishery inferred from mixed-stock analysis

    Science.gov (United States)

    Gauthier-Ouellet, M.; Dionne, M.; Caron, F.; King, T.L.; Bernatchez, L.

    2009-01-01

    Mixed-stock fisheries refer to the exploitation of admixed fish stocks coming from different origins. We identified the North American origin of 2835 Atlantic salmon (Salmo salar) in the Greenland mixed-stock fishery during 11 years (1995-2006) at three localities using 13 microsatellites. The study included 52 baseline populations representing nine genetically distinct regional groups. The contribution of each group ranged from increasing contribution for Labrador (+14.9%) was observed during the time course of the study. The estimated regional contribution to the Greenland fishery was significantly correlated to the number of multi-sea-winter salmon regionally produced in 2002 (r = 0.79) and 2004 (r = 0.92). No difference in contribution was found between the three Greenland sampling localities. Ungava and Southern Qu??bec regions showed the highest mortality estimates caused by the fishery, ranging from 12.10% to 18.08%, for both years tested. No regional group was overrepresented in landings compared with their respective productivity. Yet, management precautions should still be taken as the fishery strongly selects large females, which could have evolutionary impacts on populations over the long term.

  5. Genetic stock identification of Atlantic salmon (Salmo salar populations in the southern part of the European range

    Directory of Open Access Journals (Sweden)

    McGinnity Philip

    2010-04-01

    Full Text Available Abstract Background Anadromous migratory fish species such as Atlantic salmon (Salmo salar have significant economic, cultural and ecological importance, but present a complex case for management and conservation due to the range of their migration. Atlantic salmon exist in rivers across the North Atlantic, returning to their river of birth with a high degree of accuracy; however, despite continuing efforts and improvements in in-river conservation, they are in steep decline across their range. Salmon from rivers across Europe migrate along similar routes, where they have, historically, been subject to commercial netting. This mixed stock exploitation has the potential to devastate weak and declining populations where they are exploited indiscriminately. Despite various tagging and marking studies, the effect of marine exploitation and the marine element of the salmon lifecycle in general, remain the "black-box" of salmon management. In a number of Pacific salmonid species and in several regions within the range of the Atlantic salmon, genetic stock identification and mixed stock analysis have been used successfully to quantify exploitation rates and identify the natal origins of fish outside their home waters - to date this has not been attempted for Atlantic salmon in the south of their European range. Results To facilitate mixed stock analysis (MSA of Atlantic salmon, we have produced a baseline of genetic data for salmon populations originating from the largest rivers from Spain to northern Scotland, a region in which declines have been particularly marked. Using 12 microsatellites, 3,730 individual fish from 57 river catchments have been genotyped. Detailed patterns of population genetic diversity of Atlantic salmon at a sub-continent-wide level have been evaluated, demonstrating the existence of regional genetic signatures. Critically, these appear to be independent of more commonly recognised terrestrial biogeographical and political

  6. The Role of Exchange Traded Funds in the Price Discovery Process of Stocks Listed on the Botswana Stock Exchange

    Directory of Open Access Journals (Sweden)

    Edson Kambeu

    2017-04-01

    Full Text Available In this paper we analyse the role of Exchange Traded Funds (ETFs in the price discovery process of stocks listed at the Botswana Stock Exchange.Using daily returns data covering the period 3 January 2013 to 31 December 2015   for Beta Betta ETF and Domestic Company Indices, we utilize a VECM model to find out whether the Betta Beta ETF is playing a significant role in the price discovery process of stocks listed on the Botswana Stock Exchange. We found the error correction term to be statistically significant thereby confirming that the Beta Betta ETF is playing a significant role in the price discovery of stocks listed on the Botswana Stock Exchange.

  7. Effect of stocking sub-yearling Atlantic salmon on the habitat use of sub-yearling rainbow trout

    Science.gov (United States)

    Johnson, James H.

    2016-01-01

    Atlantic salmon (Salmo salar) restoration in the Lake Ontario watershed may depend on the species' ability to compete with naturalized non-native salmonids, including rainbow trout (Oncorhynchus mykiss) in Lake Ontario tributaries. This study examined interspecific habitat associations between sub-yearling Atlantic salmon and rainbow trout as well as the effect of salmon stocking on trout habitat in two streams in the Lake Ontario watershed. In sympatry, Atlantic salmon occupied significantly faster velocities and deeper areas than rainbow trout. However, when examining the habitat use of rainbow trout at all allopatric and sympatric sites in both streams, trout habitat use was more diverse at the sympatric sites with an orientation for increased cover and larger substrate. In Grout Brook, where available habitat remained constant, there was evidence suggesting that trout may have shifted to slower and shallower water in the presence of salmon. The ability of sub-yearling Atlantic salmon to affect a habitat shift in rainbow trout may be due to their larger body size and/or larger pectoral fin size. Future studies examining competitive interactions between these species during their first year of stream residence should consider the size advantage that earlier emerging Atlantic salmon will have over rainbow trout.

  8. Influences of Stocking Salmon Carcass Analogs on Salmonids in Yakima River Tributaries, 2001-2002 Technical Report.

    Energy Technology Data Exchange (ETDEWEB)

    Pearsons, Todd N.; Johnson, Christopher L. (Washington Department of Fish and Wildlife, Olympia, WA)

    2003-04-01

    The benefits that marine derived nutrients from adult salmon carcasses provide to juvenile salmonids are increasingly being recognized. Current estimates suggest that only 6-7% of marine-derived nitrogen and phosphorus that were historically available to salmonids in the Pacific Northwest are currently available. Food limitation may be a major constraint limiting the restoration of salmonids. A variety of methods have been proposed to offset this nutrient deficit including: allowing greater salmon spawning escapement, stocking hatchery salmon carcasses, and stocking inorganic nutrients. Unfortunately, each of these methods has some ecological or socio-economic shortcoming. We intend to overcome many of these shortcomings by making and evaluating a pathogen free product that simulates a salmon carcass (analog). Abundant sources of marine derived nutrients are available such as fish offal from commercial fishing and salmon carcasses from hatcheries. However, a method for recycling these nutrients into a pathogen free analog that degrades at a similar rate as a natural salmon carcass has never been developed. We endeavored to (1) develop a salmon carcass analog that will increase the food available to salmonids, (2) determine the pathways that salmonids use to acquire food from analogs, and (3) determine the benefits to salmonids and the potential for application to salmonid restoration. We used a before-after-control-impact-paired design in six tributaries of the upper Yakima basin to determine the utility of stocking carcass analogs. Our preliminary results suggest that the introduction of carcass analogs into food-limited streams can be used to restore food pathways previously provided by anadromous salmon. The analogs probably reproduced both of the major food pathways that salmon carcasses produce: direct consumption and food chain enhancement. Trout and salmon fed directly on the carcass analogs during the late summer and presumably benefited from the increased

  9. The Financial Indicators’ and Listed Company‘s Stock Price Link Determining the Value

    Directory of Open Access Journals (Sweden)

    Rima Tamošiūnienė

    2016-06-01

    Full Text Available The demand for value determination increased after rising of the Lithuanian economics. The joint-stock company value depends on the stock price and the company’s profit according to the “stock pricing for profit” method. The purpose of this scientific paper is the financial indicators’ and listed company’s stock price link determining the value. The analysis methods are: the research of scientific literature, data analysis, summarizing and graphic visualization. The link between financial indicators and the stock price is determined on the basis of correlation regression analysis. The analysis showed that listed on the stock exchange company’s stocks already have some value as they raise the capital. The research results revealed the stock price’s direct dependence on the fixed asset turnover and the debt-to-asset ratios.

  10. Influences of Stocking Salmon Carcass Analogs on Salmonids in Klickitat River Tributaries, 2001-2005 Completion Report.

    Energy Technology Data Exchange (ETDEWEB)

    Zendt, Joe; Sharp, Bill (Yakama Nation Fisheries, Toppenish, WA)

    2006-09-01

    This report describes the work completed by the Yakama Nation Fisheries Program (YNFP) in the Klickitat subbasin in south-central Washington under BPA innovative project No.200105500--Influences of stocking salmon carcass analogs on salmonids in Columbia River Tributaries. Salmon carcasses historically provided a significant source of marine-derived nutrients to many stream systems in the Columbia basin, and decreased run sizes have led to a loss of this nutrient source in many streams. Partners in this project developed a pathogen-free carcass analog and stocked the analogs in streams with the following objectives: restoring food availability to streams with reduced anadromous salmon returns; mimicking the natural pathways and timing of food acquisition by salmonids; minimizing unintended negative ecological effects; and increasing the growth and survival of salmonids. In the Klickitat subbasin, carcass analogs were stocked in two streams in 2002 and 2003; a third stream was used as a control. Salmonid fish abundance, growth, and stomach contents were monitored in all three streams before and after carcass analog placement. Fish, invertebrate, and periphyton samples were also collected for stable isotope analysis (to determine if nutrients from carcass analogs were incorporated into the stream food web). Water quality samples were also collected to determine if nutrient overloading occurred in streams. Significant differences in growth were found between fish in treated and untreated stream reaches. Fish in treatment reaches exhibited higher instantaneous growth rates approximately one month after the first carcass analog stocking. Stomach contents sampling indicated that salmonid fish routinely consumed the carcass analog material directly, and that stomach fullness of fish in treatment reaches was higher than in untreated reaches in the first few weeks following carcass analog stockings. No significant differences were detected in fish abundance between

  11. Study of Disease and Physiology in the 1979 Homing Study Hatchery Stocks: A Supplement to "Imprinting Salmon and Steelhead Trout for Homing", 1979 by Slatick, Gilbreath, and Walch.

    Energy Technology Data Exchange (ETDEWEB)

    Novotny, Anthony J.; Zaugg, Waldo S.

    1981-09-01

    The National Marine Fisheries Service (NMFS), under contract to the Bonneville Power Administration, is conducting research on imprinting salmon and steelhead for homing (Slatick et al. 1979, 1980; Novotny and Zaugg 1979). The studies were begun with little background knowledge of the effects of disease or certain physiological functions on imprinting and homing in salmonids. Consequently, work aimed at filling this void was begun by the authors in 1978 (Novotny and Zaugg 1979) and continued in 1979. In 1979, we examined random samples of normal populations of homing test fish at the hatcheries to determine the physiological readiness to migrate and adapt to seawater and general fish health. At the Manchester Marine Experimental Station, Manchester, Washington, we determined the survival of samples of the test fish maintained in marine net-pens after release from the hatcheries. Hatcheries and stocks sampled are listed in Table 1.

  12. AFSC/ABL: Chum salmon bycatch genetic stock identification 1994-1995 Bering Sea

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In some years, the Bering Sea trawl fishery incidentally harvests (bycatch) large numbers of chum salmon. Because chum salmon were declining in some western Alaska...

  13. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Appendix I: Economics

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower Snake River Project) and their effects on four lower Snake River salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  14. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Appendix C: Water Quality

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower-Snake River Project) and their effects on four lower Snake River salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  15. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Appendix K: Real Estate

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower Snake River Project) and their effects-on four lower Snake River salmon and steelhead stocks listed for protection- under the Endangered Species Act (ESA). The U.S...

  16. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Summary

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower Snake River Project) and their effects on four -lower Snake- Rive salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  17. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Appendix J: Plan Formulation

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower Snake River Project) and their effects on four lower Snake River salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  18. Testing three common stocking methods: Differences in smolt size, migration rate and timing of two strains of stocked Atlantic salmon ( Salmo salar )

    DEFF Research Database (Denmark)

    Birnie-Gauvin, Kim; Larsen, Martin Hage; Thomassen, Søren T.

    2018-01-01

    The influence of three common stocking practices for two strains (Ätran and Burrishoole) of hatchery-reared Atlantic salmon, Salmo salar, on smolt size, migration probability and migration timing were investigated in situ. Using a common garden experiment, fish from these populations were release...... to inherited factors, and emphasize the importance of considering age of fish and time spent in the hatchery when stocking populations in the wild to maximize smolt output......The influence of three common stocking practices for two strains (Ätran and Burrishoole) of hatchery-reared Atlantic salmon, Salmo salar, on smolt size, migration probability and migration timing were investigated in situ. Using a common garden experiment, fish from these populations were released...... as fry, half-year olds and oneyear olds. Our results indicate that fish released at the fry and half-year stage produce smaller smolts, and migrate later in the year than their counterparts released at one-year of age, for both the Ätran and the Burrishoole populations. While fry had the lowest...

  19. Price Earnings Ratio and Stock Return Analysis (Evidence from Liquidity 45 Stocks Listed in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Liem Pei Fun

    2012-01-01

    Full Text Available Price to Earnings Ratio (PE Ratio has been broadly used by analysts and investors for stock selection. Stocks with low PE ratio are perceived as having cheaper current price hence expected to generate higher return in subsequent period. This paper aims to examine predictability of stock return using PE Ratio based on historical relationship between PE Ratio and subsequent stock return. Particularly, it seeks to find whether stocks with high PE Ratio followed by low stocks return and on the contrary, stocks with low PE Ratio followed by high stocks return. Using stocks which are included as member of Liquidity 45 and observation period 2005-2010 as samples, results show that there is significance difference between low PE and high PE portfolio stock return in short term (holding period of 6 months but there is no significance difference between both portfolio stock return if they are hold for one, two, three, and four years. This research also finds that there is no significant relationship between stock return and (trailing PE Ratio which suggests that (trailing PE Ratio is not useful in estimating both short term and long term stock returns

  20. Research on the Dividend Policy of Listed Company and Fluctuation Effect of Stock Market

    Directory of Open Access Journals (Sweden)

    Wang Hua

    2015-01-01

    Full Text Available Based on the dividend policy and theory, this article takes the events that A stock of all the listed banking companies (16 in total issued dividend in the CSI stock market for 5 years from 2008 to 2012 as the investigation samples to inspect the relevance of dividend policy with the fluctuation of stock price and transaction volume, thus to prove the dividend policy is an efficient mechanism for information transmission.

  1. Ownership, Managerial Control and the Governance of Companies Listed on the Brussels Stock Exchange

    NARCIS (Netherlands)

    Renneboog, L.D.R.

    1999-01-01

    This paper examines how corporate control is exerted in companies listed on the Brussels Stock Exchange. There are several alternative corporate governance mechanisms which may play a role in disciplining poorly performing management: blockholders (holding companies, industrial companies, families

  2. Firm Value and Cross Listings: The Impact of Stock Market Prestige

    Directory of Open Access Journals (Sweden)

    Nicola Cetorelli

    2015-03-01

    Full Text Available This study investigates the valuation impact of a firm’s decision to cross list on a more (or less prestigious stock exchange relative to its own domestic market. We use a network analysis methodology to derive broad market-based measures of prestige for 45 country or regional stock exchange destinations between 1990 and 2006. We find that firms cross listing in a more prestigious market enjoy significant valuation gains over the five-year period following the listing. In contrast, firms cross listing in less prestigious markets experience a significant valuation discount over this post-listing period. The reputation of the cross-border listing destinations is therefore a useful signal of firm value going forward. Our findings are consistent with the view that cross listing in a prestigious market enhances firm visibility, strengthens corporate governance, and lowers informational frictions and capital costs.

  3. Formalizing expert knowledge to compare alternative management plans: sociological perspective to the future management of Baltic salmon stocks

    DEFF Research Database (Denmark)

    Haapasaari, Päivi Elisabet; Karjalainen, Timo P.

    2010-01-01

    Designing and implementing long-term management plans is difficult both because of the complexity of the fisheries system, and the behaviour of humans. We compared four alternative management plans for the Baltic salmon stocks through approaching experts who interpreted and expressed the views of d...... net provides potential for creating a holistic picture of a fishery by combining the data describing fishers’ commitment with biological data regarding fish stock dynamics and with economic data analyzing economically sound fisheries management.......Designing and implementing long-term management plans is difficult both because of the complexity of the fisheries system, and the behaviour of humans. We compared four alternative management plans for the Baltic salmon stocks through approaching experts who interpreted and expressed the views...... of different stakeholder groups on the options. The focus of the study was on stakeholders’ commitment to the alternative management plans. Committing enhances the probability of achieving the ultimate objective of a plan, while if stakeholders do not commit, the effects of the plan may be less predictable...

  4. Multifractal in Volatility of Family Business Stocks Listed on Casablanca STOCK Exchange

    Science.gov (United States)

    Lahmiri, Salim

    In this paper, we check for existence of multifractal in volatility of Moroccan family business stock returns and in volatility of Casablanca market index returns based on multifractal detrended fluctuation analysis (MF-DFA) technique. Empirical results show strong evidence of multifractal characteristics in volatility series of both family business stocks and market index. In addition, it is found that small variations in volatility of family business stocks are persistent, whilst small variations in volatility of market index are anti-persistent. However, large variations in family business volatility and market index volatility are both anti-persistent. Furthermore, multifractal spectral analysis based results show strong evidence that volatility in Moroccan family business companies exhibits more multifractality than volatility in the main stock market. These results may provide insightful information for risk managers concerned with family business stocks.

  5. Investigating the relationship between auditor’s opinion and stock return in the companies listed at Tehran stock exchange market

    Directory of Open Access Journals (Sweden)

    Ali Akbar Farzinfar

    2013-01-01

    Full Text Available This research investigates the relationship between auditor’s opinion and stock return in the companies listed at Tehran stock exchange market. In this study, all required data are collected from aware shareholders and provide a sampling of 130 questionnaires, the data collected over the period 2010-2011 using test methods such as computer software, data analysis and statistical methods to answer research questions. According to research result through questionnaires and tests, there is a significant relationship between stock returns and the auditor's opinion, in fact, for aware shareholders of the company the auditor’s opinion has a special message. This message is based on the results of study hypothesis in comparison with previous research with regard to changes in the questionnaire and provides assumptions that are more detailed. The first finding is that unqualified audit report has a positive impact on stock returns of companies with a medium to low degree. Adverse audit report has a negative impact on stock returns of companies with medium to high degree. Disclaimer of audit report has a negative impact on stock returns of companies with medium to high degree. Finally, qualifying paragraphs, which modified the items of income statement items have more impact in comparison with qualifying paragraphs which modified the Balance Sheet items.

  6. A test for the relative strength of maternal and stock effects in spring Chinook salmon (Oncorhynchus tshawytscha) from two different hatcheries (Study site: Warm Springs Hatchery; Stocks: Warm Springs Hatchery and Carson Hatchery; Year class: 1993): Chapter 10

    Science.gov (United States)

    Wetzel, Lisa A.; Rubin, Stephen P.; Reisenbichler, Reginald R.; Stenberg, Karl D.; Rubin, Stephen P.; Reisenbichler, Reginald R.; Wetzel, Lisa A.; Hayes, Michael C.

    2012-01-01

    An experiment was undertaken to determine the relative strength of maternal and stock effects in Chinook salmon (Oncorhynchus tshawytscha) reared in a common environment, as a companion study to our investigation of hatchery and wild Chinook salmon. Pure-strain and reciprocal crosses were made between two hatchery stocks (Carson and Warm Springs National Fish Hatcheries). The offspring were reared together in one of the hatcheries to the smolt stage, and then were transferred to a seawater rearing facility (USGS-Marrowstone Field Station). Differences in survival, growth and disease prevalence were assessed. Fish with Carson parentage grew to greater size at the hatchery and in seawater than the pure-strain Warm Springs fish, but showed higher mortality at introduction to seawater. The analyses of maternal and stock effects were inconclusive, but the theoretical responses to different combinations of maternal and stock effects may be useful in interpreting stock comparison studies.

  7. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Appendix D: Natural River Drawdown Engineering

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower Snake River Project) and their effects on four lower Snake River salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  8. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Part II: Chapters 5-13

    National Research Council Canada - National Science Library

    2003-01-01

    ... (collectively called the Lower Snake River Project) and their effects on four lower Snake River salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  9. 76 FR 35755 - Listing Endangered and Threatened Species: Threatened Status for the Oregon Coast Coho Salmon...

    Science.gov (United States)

    2011-06-20

    ... Oregon Coast Coho Salmon Evolutionarily Significant Unit AGENCY: National Marine Fisheries Service (NMFS... the Oregon Coast (OC) Evolutionarily Significant Unit (ESU) of coho salmon (Oncorhynchus kisutch... coho salmon ESU as threatened under the ESA in 1995 (60 FR 38011; July 25, 1995). Since then, we have...

  10. AFSC/ABL: Genetic stock identification of sockeye salmon captured near Unalaska Island - 1998

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This study is part of the Auke Bay Laboratoryb??s Ocean Carrying Capacity (OCC) which has extensively sampled salmon in the North Pacific since 1996 to obtain...

  11. AFSC/ABL: Juvenile chum salmon allozyme stock identification, Gulf of Alaska 2000-2004

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Summer surveys (Julyb??August) of juvenile salmon ecology along the continental shelf of the Gulf of Alaska are conducted annually by scientists from the Ocean...

  12. AFSC/ABL: Stock composition, timing, and spawning distribution of Yukon River Chinook salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Radio telemetry was used to determine the distribution, locate spawning sites, and evaluate the tagging response of wild Chinook salmon Oncorhynchus tshawytscha...

  13. AFSC/ABL: Immature chum salmon allozyme ID of mixed stocks

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Immature chum salmon were collected by the F/V Northwest Explorer between September 5 and October 8, during the 2002 BASIS survey across the eastern Bering Sea shelf...

  14. OPPORTUNITIESFOR DETERMINING THE EFFICIENCY CURVE IN THE PORTOFOLIO OF COMPANIES LISTED ON BUCHAREST STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    HADA TEODOR

    2015-03-01

    Full Text Available This article is organized in four parts. The first part presents theoretical aspects on determining the efficiency curve and the steps to be taken on this. The second part begins with a case study presenting the methods of determining the efficiency curve of a stock portfolio, in the case of several entities listed on the Bucharest Stock Exchange. The third part shows how useful Microsoft Excel is to determine the Markovitz efficiency curve of a stock portfolio. On completion of this work, we present the findings on the methods of determining the Markovitz efficiency curve using Microsoft Excel, and their related interpretations.

  15. Study of Disease and Physiology in the 1978 Homing Study Hatchery Stocks: A Supplement to "Imprinting Salmon and Steelhead Trout for Homing" by Slatick, Novotny, and Gilbreath, January 1979.

    Energy Technology Data Exchange (ETDEWEB)

    Novotny, Anthony J.; Zaugg, Waldo S.

    1979-11-01

    The main functions of the National Marine Fisheries Service (NMFS) Aquaculture Task biologists and contractual scientists involved in the 1978 homing studies were primarily a surveillance of fish physiology, disease, and relative survival during culture in marine net-pens, to determine if there were any unusual factors that might effect imprinting and homing behavior. The studies were conducted with little background knowledge of the implications of disease and physiology on imprinting and homing in salmonids. Hatcheries and stocks sampled are listed in Table 1. The health status of the stocks was quite variable as could be expected. The Dworshak and Wells Hatcheries steelhead suffered from some early stresses in seawater, probably osmoregulatory. The incidences of latent BKD in the Wells and Chelan Hatcheries steelhead and Kooskia Hatchery spring chinook salmon were extremely high, and how these will effect survival in the ocean is not known. Gill enzyme activity in the Dworshak and Chelan Hatcheries steelhead at release was low. Of the steelhead, survival in the Tucannon Hatchery stock will probably be the highest, with Dworshak Hatchery stock the lowest. The analyses conducted by the veterinary pathologist indicate that overall there was no evidence of serious pathological conditions that might be disastrous to any given stock, but at this time it is also difficult to interpret the results of certain types of clinical pathology that have either not been previously reported or extensively studied. For example, if the 77% incidence of basophillic granular organisms in the gills of the Carson coho salmon does represent an infestation of microsporidian protozoan parasites, is the intensity of infestation severe enough to cause irreparable damage that might affect survival? The results of the viral assays are questionable because the Rangen Laboratory is the only one that found evidence of viruses in these stocks (however, the veterinary pathologist did find evidence

  16. AFSC/ABL: Juvenile chum salmon allozyme stock identification, Bering Sea 2002

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Genetic stock identification techniques were used to identify the origin and provide stock-specific migration and distribution patterns of juvenile chum...

  17. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Appendix E: Existing Systems and Major System Improvements Engineering

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower Snake River Project) and their effects on four lower Snake River salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  18. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Appendix F: Hydrology/Hydraulics and Sedimentation. Appendix G: Hydroregulations. Appendix H: Fluvial Geomorphology

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower Snake River Project) and their effects on four lower Snake River salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  19. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environment Impact Statement. Appendix N: Cultural Resources. Appendix O: Public Outreach Program. Appendix P: Air Quality

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower Snake River Project) and their effects on four lower Snake River salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  20. Survey of parasites in threatened stocks of coho salmon (Oncorhynchus kisutch) in Oregon by examination of wet tissues and histology.

    Science.gov (United States)

    Ferguson, Jayde A; St-Hilaire, Sophie; Peterson, Tracy S; Rodnick, Kenneth J; Kent, Michael L

    2011-12-01

    We are conducting studies on the impacts of parasites on Oregon coastal coho salmon (Oncorhynchus kistuch). An essential first step is documenting the geographic distribution of infections, which may be accomplished by using different methods for parasite detection. Thus, the objectives of the current study were to (1) identify parasite species infecting these stocks of coho salmon and document their prevalence, density, and geographic distribution; (2) assess the pathology of these infections; and (3) for the first time, determine the sensitivity and specificity of histology for detecting parasites compared with examining wet preparations for muscle and gill infections. We examined 576 fry, parr, and smolt coho salmon in total by histology. The muscle and gills of 219 of these fish also were examined by wet preparation. Fish were collected from 10 different locations in 2006-2007. We identified 21 different species of parasites in these fish. Some parasites, such as Nanophyetus salmincola and Myxobolus insidiosus, were common across all fish life stages from most basins. Other parasites, such as Apophallus sp., were more common in underyearling fish than smolts and had a more restricted geographic distribution. Additional parasites commonly observed were as follows: Sanguinicola sp., Trichodina truttae , Epistylis sp., Capriniana piscium, and unidentified metacercariae in gills; Myxobolus sp. in brain; Myxidium salvelini and Chloromyxum majori in kidney; Pseudocapillaria salvelini and adult digenean spp. in the intestine. Only a few parasites, such as the unidentified gill metacercariae, elicted overt pathologic changes. Histology had generally poor sensitivity for detecting parasites; however, it had relatively good specificity. We recommend using both methods for studies or monitoring programs requiring a comprehensive assessment of parasite identification, enumeration, and parasite-related pathology.

  1. Studying the Relationship between Economic Massive Changes with Earnings Management of Listed Companies in Tehran Stock Exchange

    OpenAIRE

    RAHMANİ SERYASAT, Hamid; PİRAYESH, Reza; NOORALİDOKHT, Hamid

    2015-01-01

    Abstract. This study investigates the relationship between earnings management and profitability of companies listed in Tehran stock exchange and its purpose is to examine the existence of earnings management phenomenon of listed companies in Tehran stock exchange. One of the executives' main objectives about earning management is creation a more stable flow, in order to support higher earning payments. More stable earnings flow can be perceived as a lower risk that leads to higher stock pric...

  2. Market Risk in Demutualised Self-Listed Stock Exchanges: An International Analysis of Selected Time-Varying Betas

    OpenAIRE

    Andrew Worthington; Helen Higgs

    2005-01-01

    This paper examines market risk in four demutualised and self-listed stock exchanges: the Australian Stock Exchange, the Deutsche Börse, the London Stock Exchange and the Singapore Stock Exchange. Daily company and MSCI index returns provide the respective asset and market portfolio data. A bivariate MA-GARCH model is used to estimate time-varying betas for each exchange from listing until 7 June 2005. While the results indicate significant beta volatility, unit root tests show the betas to b...

  3. COMPARATIVE RESEARCH ON THE FUNDAMENTAL ANALYSIS OF SHARES FROM COMPANIES LISTED ON BUCHAREST STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Mihaela-Cristina Onica

    2015-05-01

    Full Text Available Upon passing to a market economy, it became necessary to find out information as accurate as possible regarding the risk of bankruptcy of a certain companyin the future, in order to determine the share of such a risk and the importance of the fundamental analysis within the prediction of the evolution of stock price. In spite of these, specialists say that this type of analysis, in relation to the technical analysis, in the context of the financial crisis, determined an accentuated decrease of the stock exchange indices on an international level. The paper deals with the results of the research and of a comparative study regarding the fundamental analysis of the shares of 6 companies listed on Bucharest Stock Exchange (BVB.

  4. THEORETICAL-METHODOLOGICAL IMPORTANCE OF INTERNATIONAL LISTING OF STOCKS FOR INVESTORS AND EMITENTS

    Directory of Open Access Journals (Sweden)

    I. Mazur

    2018-03-01

    Full Text Available In the conditions of globalization of the economic environment, the integration processes of the international capital markets are intensifying, which envisages the possibility of placing securities in foreign markets. This gives some benefits to national investors and issuers. These benefits include: scaling up the attraction of investors' financial resources; strengthening of the business reputation and issuer's credit rating; Successful placement of shares in the international market contributes to the increase of profits. International listing of shares increases the prestige and image of the issuer. The main motivation of most companies entering the foreign capital markets is only financial - they plan to increase their capital in the markets of highly developed countries and increase the liquidity of their shares. International listing provides new markets for more active securities that do not require detailed reporting and have significant liquidity. In some cases, the introduction of international listing increases the value of the company's shares. As a rule, this happens more often in the US, when the market value of shares is higher than that existing on the issuer's market. Moreover, the fact of an increase in the number of investors who buys company shares increases the liquidity of shares, narrowing the spread. That is, the main motive for stock quotes abroad is to increase the value of its capital and liquidity of shares, which will eventually give an opportunity to attract additional capital. All this contributes to the growth of the number of national companies that market their shares on foreign stock exchanges. Investigated double listingof shares of companies; discloses the conditions under which the international listing of shares of companies becomes one of the most appropriate ways of financing business; the influence of international listing of companies' shares on the liquidity of shares in the domestic market, increase

  5. Audit Committee Practice in the Polish Listed Stock Companies. Present Situation and Development Perspectives

    Directory of Open Access Journals (Sweden)

    Piotr Szczepankowski

    2012-06-01

    Full Text Available The audit committee is one of the parts of corporate governance mechanism, which is understood as the relationship between corporate managers, directors and the providers of equity, people and institutions who save and invest their capital to earn the return. This study presents survey research results of audit committee activity in Polish public stock companies quoted on the Warsaw Stock Exchange (WSE. The purpose of this paper is to present the audit committee practice in Poland after 2009. The paper shows that the audit committee practice is still the most problematic issue of transitional Polish corporate governance rules. The survey has shown that the corporate needs and its implementation, and communication with listed companies leave a lot of room for improvement. The paper is based on the documents prepared in 2010 by PricewaterhouseCoopers, the Polish Association of Listed Companies and the Polish Institute of Directors.

  6. EMPIRICAL STUDY OF THE PROBABILITY OF DEFAULT IN CASE OF ROMANIAN COMPANIES LISTED ON STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Marton Noemi, Racz Timea Erzsebet

    2011-07-01

    Full Text Available The importance of estimation of a firm's probability of default increased significantly during the economic and financial crisis for financial institutions, which can be explained by the fact that the share of nonperforming loans increased in this period. The probability of default can be estimated with structural models, which have on base the methodology developed by Merton (1974, methodology used by Moody's Corporation (known as KMV Merton model. The aim of this study is to estimate the probability of default of companies listed on Bucharest Stock Exchange using this methodology. This approach was widely used in the literature by many researchers (i.e., Kealhofer and Kurbat (2000, Crosbie and Bohn (2002, Duffie and Wang (2004, Bharath and Shumway (2004, 2008. In Romania this methodology was empirically tested by Codirlaşu (2007, who estimated using Merton's methodology the probability of default of companies listed on the Bucharest Stock Exchange, respectively by Bobircă et al. (2008, where the probabilities of default were estimated in case of 42 companies listed on the Bucharest Stock Exchange for 2000-2008 time period. In this paper we used Merton's model, which assumes that a company defaults if the value of its assets is less than the promised dept repayment at time T. The process of estimating the probability of default starts from the following firm specific variables: the market value of the firm's assets, the share prices, the value of the liabilities and the risk-free rate. The analyzed period is 2003-2010, containing the economic and financial crisis period, too. Analyzing the financial statements of the companies listed on the Bucharest Stock Exchange, we determined the input parameters of the model and calculated the quarterly probabilities of default of each analyzed company. According to our results the probabilities of default have a reduced value in the majority of the cases.

  7. Dynamic Relation Mechanism between Cotton Future Price and Stock Price of Related Listed Companies

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    The Dynamic relation mechanism between ZCE cotton futures price and related listed company stock price has been studied based on the metastock historical data in January 1st,2007 to September 1st,2010,Johansen co-integration analysis,Vector error correction model,Granger causality test and variance decomposition method.The results indicated that:long-term equilibrium relationship existed between ZCE cotton futures price and Xinsai share stock price while which changed in the same tendency and speed in the long-term.Cotton futures price is the main reason for the changing of Xinsai share stock price.The lead-lag relationship in changing course had been confirmed that existed between ZCE cotton futures price and the Xinsai share stock price.Meanwhile,the forward pass mechanism of price changing information had been found only from the ZCE cotton futures market to the stock market while showing asymmetry.Conclusions of the study can be used for cotton and related corporate to hedge business risks by the cotton price changes.

  8. Lower Snake River Juvenile Salmon Migration Feasibility Report/Environmental Impact Statement. Appendix L: Lower Snake River Mitigation History and Status. Appendix M: Fish and Wildlife Coordination Act Report

    National Research Council Canada - National Science Library

    2002-01-01

    ... (collectively called the Lower Snake River Project) and their effects on four lower Snake River salmon and steelhead stocks listed for protection under the Endangered Species Act (ESA). The U.S...

  9. Return on securities of the listed banks, using BET and BET-C indices of the Bucharest Stock Exchange

    Directory of Open Access Journals (Sweden)

    Victoria FIRESCU

    2017-11-01

    Full Text Available The present work has great importance for the economic and financial area due to the fact that targets the relevance of the financial indicators in anticipation of the stock variation. The aim is to measure the correlation, the type and intensity, between the variation of stock market profitability and the profitability of the securities traded by banks in Romania, listed on the BSE. The research is approached transversely (banks in Romania listed on the stock market as well as longitudinally (from the date of listing on the Stock Exchange of each bank until 31.12.2016. Using the econometric model Eviews we tested the correlation between the profitability of BRD, BT, BCC bank`s securities and the profitability of Bucharest Stock Exchange, by BET and BET-C. The results show that the research hypothesis isn’t validated for any of those banks.

  10. An analysis of genetic stock identification on a small geographical scale using microsatellite markers, and its application in the management of a mixed-stock fishery for Atlantic salmon Salmo salar in Ireland.

    Science.gov (United States)

    Ensing, D; Crozier, W W; Boylan, P; O'Maoiléidigh, N; McGinnity, P

    2013-06-01

    A genetic stock identification (GSI) study was undertaken in a fishery for Atlantic salmon Salmo salar to determine the effects of restrictive fishery management measures on the stock composition of the fishery, and if accurate and precise stock composition estimates could be achieved on the small geographical scale where this fishery operates, using a suite of only seven microsatellite loci. The stock composition of the Foyle fishery was shown to comprise almost exclusively of Foyle origin fish in the 3 years after restrictive measures were introduced in 2007, compared to 85% the year before. This showed that the restrictive measures resulted in the Foyle fishery being transformed from a mixed-stock fishery to an almost exclusively single-stock fishery, and showed how GSI studies can guide and evaluate management decisions to successfully manage these fisheries. Highly accurate and precise stock composition estimates were achieved in this study, using both cBAYES and ONCOR genetic software packages. This suggests accurate and precise stock composition is possible even on small geographical scales. © 2013 AFBINI. Journal of Fish Biology © 2013 The Fisheries Society of the British Isles.

  11. Family size and effective population size in a hatchery stock of coho salmon (Oncorhynchus kisutch)

    Science.gov (United States)

    Simon, R.C.; McIntyre, J.D.; Hemmingsen, A.R.

    1986-01-01

    Means and variances of family size measured in five year-classes of wire-tagged coho salmon (Oncorhynchus kisutch) were linearly related. Population effective size was calculated by using estimated means and variances of family size in a 25-yr data set. Although numbers of age 3 adults returning to the hatchery appeared to be large enough to avoid inbreeding problems (the 25-yr mean exceeded 4500), the numbers actually contributing to the hatchery production may be too low. Several strategies are proposed to correct the problem perceived. Argument is given to support the contention that the problem of effective size is fairly general and is not confined to the present study population.

  12. Impact of Dividend Taxation Changing on Dividend Policy of Romanian Companies Listed on Stock Market

    Directory of Open Access Journals (Sweden)

    Stela JAKOVA

    2017-09-01

    Full Text Available The aim of this paper is to analyze factors (with an influence on value of transactions on stock exchange which induce companies listed on Bucharest Stock Exchange to pay dividends for period 2008 – 2015. First we will estimate five regression models, taking into account some financial and macroeconomics variables. Second we will rebuild these five regression models including a dummy variable which indicates the change of dividend tax rate. Our analyses emphasized the fact that net income, liquidity index, BET return and total assets have a significant effect on dividend payment policy which keeps their significance also after introducing the dummy variable, except the BET rate which decreased its significance. Also only the change of dividend tax rate and net income have a positively significant impact over dividend payment policy of Romanian ‘companies. The findings from this study are useful to be taken in account by the board of managers of companies when they decide the dividend policy for the company. In the same time our study extends the existing literature on this topic, by analyzing the impact of the most recent change in dividend tax rate from 2015, and also by extending the factors which affect the dividend policy of the companies listed on stock exchange.

  13. Distribution, stock composition and timing, and tagging response of wild Chinook Salmon returning to a large, free-flowing river basin

    Science.gov (United States)

    Eiler, John H.; Masuda, Michele; Spencer, Ted R.; Driscoll, Richard J.; Schreck, Carl B.

    2014-01-01

    Chinook Salmon Oncorhynchus tshawytscha returns to the Yukon River basin have declined dramatically since the late 1990s, and detailed information on the spawning distribution, stock structure, and stock timing is needed to better manage the run and facilitate conservation efforts. A total of 2,860 fish were radio-tagged in the lower basin during 2002–2004 and tracked upriver. Fish traveled to spawning areas throughout the basin, ranging from several hundred to over 3,000 km from the tagging site. Similar distribution patterns were observed across years, suggesting that the major components of the run were identified. Daily and seasonal composition estimates were calculated for the component stocks. The run was dominated by two regional components comprising over 70% of the return. Substantially fewer fish returned to other areas, ranging from 2% to 9% of the return, but their collective contribution was appreciable. Most regional components consisted of several principal stocks and a number of small, spatially isolated populations. Regional and stock composition estimates were similar across years even though differences in run abundance were reported, suggesting that the differences in abundance were not related to regional or stock-specific variability. Run timing was relatively compressed compared with that in rivers in the southern portion of the species’ range. Most stocks passed through the lower river over a 6-week period, ranging in duration from 16 to 38 d. Run timing was similar for middle- and upper-basin stocks, limiting the use of timing information for management. The lower-basin stocks were primarily later-run fish. Although differences were observed, there was general agreement between our composition and timing estimates and those from other assessment projects within the basin, suggesting that the telemetry-based estimates provided a plausible approximation of the return. However, the short duration of the run, complex stock structure, and

  14. Differences in Ichthyophonus prevalence and infection severity between upper Yukon River and Tanana River chinook salmon, Oncorhynchus tshawytscha (Walbaum), stocks.

    Science.gov (United States)

    Kocan, R; Hershberger, P

    2006-08-01

    Two genetically distinct populations of chinook salmon, Oncorhynchus tshawytscha (Walbaum), were simultaneously sampled at the confluence of the Yukon and Tanana rivers in 2003. Upper Yukon-Canadian fish had significantly higher infection prevalence as well as more severe infections (higher parasite density in heart tissue) than the lower Yukon-Tanana River fish. Both populations had migrated the same distance from the mouth of the Yukon River at the time of sampling but had significantly different distances remaining to swim before reaching their respective spawning grounds. Multiple working hypotheses are proposed to explain the differences between the two stocks: (1) the two genetically distinct populations have different inherent resistance to infection, (2) genetically influenced differences in feeding behaviour resulted in temporal and/or spatial differences in exposure, (3) physiological differences resulting from different degrees of sexual maturity influenced the course of disease, and (4) the most severely infected Tanana River fish either died en route or fatigued and were unable to complete their migration to the Tanana River, thus leaving a population of apparently healthier fish.

  15. Determinants of dividend policy: Evidence from listed firms in the African stock exchanges

    Directory of Open Access Journals (Sweden)

    Nnadi Matthias

    2013-01-01

    Full Text Available The study demonstrates that much of the existing theoretical literature on dividend policy can be applied to the emerging capital markets of Africa. Using available financial data of listed firms in the 29 stock exchanges in Africa, the study finds similarities in the determinants of dividend policy in African firms with those in most developed economies. In particular, agency costs are found to be the most dominant determinant of dividend policy among African firms. The finding is non-synonymous with emerging capital markets which have a high concentration of private ownership and trading volumes. Agency cost theory may be important in both emerging and developed capital markets but the nature of the agency problem may be different in each case. Other factors such as level of market capitalization, age and growth of firms, as well as profitability also play key roles in the dividend policy of listed African firms.

  16. Foreign portfolio capital flows and stock returns: a study of Brazilian listed firms

    Directory of Open Access Journals (Sweden)

    Tiago Rodrigues Loncan

    2015-12-01

    Full Text Available Abstract This study analyzed the effect of foreign portfolio capital flows on stock returns of Brazilian listed firms through a 6-factors APT model, in which an additional risk factor for foreign portfolio capital flows was included. First, an aggregate analysis was conducted. The partial effect of foreign portfolio capital flows on the IBOVESPA index’s returns was statistically significant and positive. Next, a disaggregate analysis was also implemented, in which portfolios of stocks were sorted by sector of economic activity, level of risk and level of corporate governance. Foreign portfolio capitals caused increases in returns especially for sectors related to commodities, industry and cyclical consumption. For the portfolios sorted by risk (in which the stocks’ betas were used as a risk parameter for sorting, foreign capitals increased the returns of mid-high and high beta portfolios, but decreased the returns of low and low-mid beta portfolios. For corporate governance portfolios, the firms listed on the Novo Mercado segment (according to BMF&Bovespa criteria experienced a statistically significant revaluation effect. Overall, the results of the study provide support to the revaluation effect hypothesis.

  17. TANGIBLE ASSETS REVALUATION POLICY AT ENTITIES LISTED ON THE BUCHAREST STOCK EXCHANGE - TIER II.

    Directory of Open Access Journals (Sweden)

    Csongor CSŐSZ

    2013-06-01

    Full Text Available Each year before the preparation of annual financial statements the entity’s assets need to be presented and evaluated. In order to these assets to be recorded in the financial statements at fair value, they need regular revaluation. Revaluations should be made with sufficient regularity so that the accounting value does not differ substantially from that which would be determined using fair value at balance sheet date. This way, the true and fair view of the financial statements is guaranteed. The study contains an analysis of the 52 listed entities on the Bucharest Stock Exchange (BSE tier II. on their revaluation policy, in relation with debt ratio of the entity, size of the entity, amount of tangible assets (tangible assets’ share in total assets and in relation with the seniority (age of tangible assets.

  18. An Analysis Regarding Cash Holdings. Empirical Study on the Bucharest Stock Exchange Listed Firms

    Directory of Open Access Journals (Sweden)

    Nenu Elena Alexandra

    2017-10-01

    Full Text Available Worldwide corporate cash holdings have significantly increased and have become an important tool for managers. This study explores the factors that influence firms’ behavior regarding cash holdings and the signal that financial conservatism is sending to potential investors. Our data consists in annual observations collected through the Reuters Eikon platform. It includes companies listed on the Bucharest Stock Exchange, the investigated period being 2005-2014. The econometric analysis employs multivariate regression for an unbalanced panel data, using the OLS technique. The results show a positive correlation of cash holdings with the value registered by this indicator in the previous period, fact that might be interpreted as an attempting of the companies to maintain a target level of cash. Also, the results showed a non-linear relationship between leverage and cash holdings, while the tangible assets determine a negative correlation. As regards firm size and ownership concentration, the correlations were not statistically validated.

  19. THE DETERMINANTS OF PROFITABILITY IN COMPANIES LISTED ON THE BUCHAREST STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    SORANA VĂTAVU

    2014-10-01

    Full Text Available This research aims to establish the determinants of financial performance in 126 Romanian companies listed on the Bucharest Stock Exchange, over a period of ten-years (2003-2012. The analysis is based on cross sectional regressions. Return on assets is the performance proxy, while the variables expected to have a significant impact on profitability are debt, asset tangibility, size, liquidity, taxation, risk, inflation and crisis. Regression results indicate that profitable companies operate with limited borrowings. Tangibility, business risk and the level of taxation have a negative impact on return on assets. Although earnings are sustained by significant sales turnover, performance is affected by high levels of liquidity. Periods of unstable economic conditions, reflected by high inflation rates and the current financial crisis, have a strong negative impact on corporate performance.

  20. Strategies of Dividend policy of the companies listed on the Warsaw Stock Exchange

    Directory of Open Access Journals (Sweden)

    Jabłoński Bartłomiej

    2015-06-01

    Full Text Available Research into the determinants of companies’ decisions about paying out dividends, which has been described in the Polish specialist literature, concentrates mainly on the dividends actually paid out. The research presented in the article refers to declarations of the companies included in their dividend policies. The aim of the article is to present an attitude to dividend policy exhibited by the companies listed on the Warsaw stock exchange. A particular attempt was made at identifying various formulas of constructing dividend policies by the companies and the declared conditions for dividend payments and their amounts. 118 dividend companies took part in the research and they were selected from among the companies listed on the Warsaw stock exchange in the years 2006-2012. The authors have analysed the dividend policy of the companies in terms of its components and the way it was formulated, as well as the determinants of decisions about dividend payments declared by the companies. The results of the analysis were referred to the types of strategies of the dividend policy presented in the specialist literature. The research results indicate that the boards of many companies do not consider formulating and publicising the principles of making dividend payments to be a relevant area of investor relations. The dividend policy of the companies is usually formulated too generally, with the use of general statements. Satisfying capital needs for the planned development processes appears to be a basic determinant of the distribution of profit, which is why residual dividend policy is prevalent in the analysed companies.

  1. Estuary-wide genetic stock distribution and salmon habitat use, tidal-fluvial estuary - Columbia River Estuary Tidal Habitats

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The goal of the tidal-fluvial estuary study is to determine the estuary's contribution to the spatial structure and life history diversity of Columbia River salmon...

  2. Snake River Sockeye Salmon Habitat and Limnological Research; 2004 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Kohler, Andre E.; Taki, Doug (Shoshone-Bannock Tribes, Fort Hall, ID); Griswold, Robert G. (Biolines, Stanley, ID)

    2004-06-01

    In March 1990, the Shoshone-Bannock Tribes petitioned the National Marine Fisheries Service (NMFS) to list the Snake River sockeye salmon (Oncorhynchus nerka) as endangered. Snake River sockeye salmon were officially listed as endangered in November 1991 under the Endangered Species Act (56 FR 58619). In 1991, the Snake River Sockeye Salmon Habitat and Limnological Research Program was implemented (Project Number 1991-071-00). This project is part of an interagency effort to prevent the extinction of the Redfish Lake stock of sockeye salmon. The Shoshone-Bannock Tribal goal for this project is two tiered: The immediate goal is to increase the population of Snake River sockeye salmon while preserving the unique genetic characteristics of the Evolutionarily Significant Unit (ESU); The Tribe's long term goal is to maintain a viable population that warrants delisting and provides Tribal harvest opportunities. The Bonneville Power Administration (BPA) provides funding for this interagency recovery program through their Integrated Fish and Wildlife Program. Collaborators in the recovery effort include the National Oceanic and Atmospheric Administration (NOAA), the Idaho Department of Fish and Game (IDFG), the University of Idaho (UI), and the Shoshone-Bannock Tribes (SBT). This report summarizes activities conducted by Shoshone-Bannock Tribal Fisheries Department personnel during the 2004 calendar year. Project tasks include: (1) monitor limnological parameters of the Sawtooth Valley lakes to assess lake productivity; (2) conduct lake fertilization in Pettit Lake; (3) reduce the number of mature kokanee salmon spawning in Fishhook Creek; (4) monitor and enumerate sockeye salmon smolt migration from Pettit and Alturas lakes; (5) monitor spawning kokanee salmon escapement and estimate fry recruitment in Fishhook, Alturas Lake, and Stanley Lake creeks; (6) conduct sockeye salmon and kokanee salmon population surveys; (7) evaluate potential competition and predation

  3. Share Price Reactions to Sporty Performances of Soccer Clubs listed on the London Stock Exchange and the AIM

    NARCIS (Netherlands)

    Renneboog, L.D.R.; Vanbrabant, P.

    2000-01-01

    This paper investigates whether or not the share prices of soccer clubs listed on the London Stock Exchange and the Alternative Investment Market are influenced by the soccer teams' weekly sporty performances. Event studies corrected for thin trading and with Baysian updating reveal that at the

  4. Migratory urge and gll Na+,K+-ATPase activity of hatchery-reared Atlantic salmon smolts from the Dennys and Penobscot River stocks, Maine

    Science.gov (United States)

    Spencer, Randall C.; Zydlewski, Joseph D.; Zydlewski, Gayle B.

    2010-01-01

    Hatchery-reared Atlantic salmon Salmo salar smolts produced from captive-reared Dennys River and sea-run Penobscot River broodstock are released into their source rivers in Maine. The adult return rate of Dennys smolts is comparatively low, and disparity in smolt quality between stocks resulting from genetic or broodstock rearing effects is plausible. Smolt behavior and physiology were assessed during sequential 14-d trials conducted in seminatural annular tanks with circular flow. “Migratory urge” (downstream movement) was monitored remotely using passive integrated transponder tags, and gill Na+,K+-ATPase activity was measured at the beginning and end of the trials to provide an index of smolt development. The migratory urge of both stocks was low in early April, increased 20-fold through late May, and declined by the end of June. The frequency and seasonal distribution of downstream movement were independent of stock. In March and April, initial gill Na+,K+-ATPase activities of Penobscot River smolts were lower than those of Dennys River smolts. For these trials, however, Penobscot River smolts increased enzyme activity after exposure to the tank, whereas Dennys River smolts did not, resulting in similar activities between stocks at the end of all trials. There was no clear relationship between migratory urge and gill Na+,K+-ATPase activity. Gill Na+,K+-ATPase activity of both stocks increased in advance of migratory urge and then declined while migratory urge was increasing. Maximum movement was observed from 2 h after sunset through 1 h after sunrise but varied seasonally. Dennys River smolts were slightly more nocturnal than Penobscot River smolts. These data suggest that Dennys and Penobscot River stocks are not markedly different in either physiological or behavioral expression of smolting.

  5. The Effect of Cash Dividend, Retained Earnings, and Stock Price of Manufacturing Company Listed In Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Farah Margaretha

    2015-03-01

    Full Text Available This study aims to determine the effect of cash dividends per share, retained earnings per share, earnings per share, and leverage on the stock price of manufacture industry in Indonesia from 2008-2012. Research used secondary data in which the source was obtained indirectly through an intermediary medium or data processed from literatures and reports associated with this research. Independent variables in this study (x are cash dividends per share, retained earnings per share, earnings per share, and leverage, while the dependent variable (y is stock price. The samples used were 23 companies with purposive sampling method. The empirical results of this study indicate that cash dividends per share, retained earnings per share, earnings per share, and leverage has significant effect on the stock price. It is therefore the higher stock price will attract investors to invest their money. Hence, companies and investors need to attend cash dividends per share, retained earnings per share, earnings per share, and leverage as factors that affect the increase or decrease of the stock price. 

  6. Voluntary Financial Reporting on the Internet: Analysis of the Practice of Stock-Market Listed Croatian and Slovene Joint Stock Companies

    Directory of Open Access Journals (Sweden)

    Ivica Pervan

    2006-03-01

    Full Text Available An investigation into Internet financial reporting carried out in June 2005 that focused on stock-market listed Croatian and Slovene joint-stock companies has two basic aspects, comparative and explanatory. The comparative aspect of the research showed that Slovene corporations have a statistically significant higher level of financial reporting (as measured with IFR score. The average IFR score for 55 corporate entities from Croatia came to just 6.85, while the average IFR score for 30 Slovene firms was 17.63. The second aspect of the investigation was explanatory, and at the level of each state and sample the intention was to find the variables that affect IFR scores significantly. With respect to the Croatian sample it was shown that the IFR score was statistically significantly and positively correlated with size, profitability, number of shareholders, and amount of traffic on the stock markets. Then regression analysis showed that majority foreign ownership had a positive effect on the IFR score. A statistically significant but negative correlation was established for two sectors, tourism and marine transport. For the Slovene sample, comprising 30 firms, the size, profitability and number of stockholders were not significant variables. However, official listing, proportion of market capitalisation and ratio of market to book values of shares were statistically significantly and positively correlated with the IFR score. Only one sector, transport, was significantly and negatively correlated with the IFR score.

  7. Snake River Sockeye Salmon Habitat and Limnological Research : 2008 Annual Progress Report.

    Energy Technology Data Exchange (ETDEWEB)

    Kohler, Andre E. [Shoshone-Bannock Tribes; Griswold, Robert G. [Biolines Environmental Consulting; Taki, Doug [Shoshone-Bannock Tribes

    2009-07-31

    In March 1990, the Shoshone-Bannock Tribes petitioned the National Marine Fisheries Service (NMFS) to list Snake River sockeye salmon (Oncorhynchus nerka) as endangered. Snake River sockeye salmon were officially listed as endangered in November 1991 under the Endangered Species Act (56 FR 58619). In 1991, the Snake River Sockeye Salmon Habitat and Limnological Research Project was implemented. This project is part of an interagency effort to prevent the extinction of the Redfish Lake stock of Snake River sockeye salmon. The Shoshone-Bannock Tribal goal for this project is two tiered: the immediate goal is to increase the population of Snake River sockeye salmon while preserving the unique genetic characteristics of the evolutionarily significant unit (ESU). The Tribes long term goal is to maintain a viable population that warrants delisting and provides Tribal harvest opportunities. The Bonneville Power Administration (BPA) provides funding for this interagency Recovery effort. Collaborators in the recovery effort include the National Oceanic and Atmospheric Administration (NOAA), the Idaho Department of Fish and Game (IDFG), the University of Idaho (UI), and the Shoshone-Bannock Tribes (SBT). This report summarizes activities conducted by Shoshone-Bannock Tribal Fisheries Department personnel during the 2008 calendar year. Project tasks include: (1) monitor limnological parameters of the Sawtooth Valley lakes to assess lake productivity; (2) conduct lake fertilization in Pettit and Alturas lakes; (3) reduce the number of mature kokanee salmon spawning in Alturas Lake Creek; (4) monitor, enumerate, and evaluate sockeye salmon smolt migration from Pettit and Alturas lakes; (5) monitor spawning kokanee salmon escapement and estimate fry recruitment in Fishhook and Alturas Lake creeks; (6) conduct sockeye and kokanee salmon population surveys; (7) evaluate potential competition and predation between stocked juvenile sockeye salmon and a variety of fish species in

  8. EVALUATION OF ENVIRONMENTAL REPORTING FOR COMPANIES LISTED ON THE LONDON STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Ienciu Ionel-Alin

    2011-12-01

    Full Text Available Environmental aspects have become significant for an increasing number of companies and can have, under certain circumstances, a significant impact on financial statements. A large number of studies can be outlined in time analyzing the variation of environmental reporting (Deegan et al, 2002; O'Donovan, 2002; Holland and Foo, 2003; Nyquist, 2003; Cormier et al, 2005; Yusoff et al, 2006; Jorgensen and Sodorstrom, 2006; Taylor and Shan, 2007; Sumiani et al, 2007. The main objective targeted by this study is the evaluation of environmental reporting for the European companies listed on the London Stock Exchange. In order to achieve the proposed objective, we have completed an longitudinal and transversal analysis of environmental reporting within companies listed on FTSE 100, monitoring first of all the way in which these companies report non-financial and financial aspects related to environmental impact as well as how these reports are being audited. For each annual statement or sustainable report, we have analized the level of environmental reporting. The evaluation of how information on environmental impact are being reported is based on four categories of information: information on indicators (technical, financial that would reflect the environmental impact (water, air, soil, information regarding the financial indicators (investments, assets and other environmental costs, debts and provisions, non-financial information (related to the company's comitment, objectives, programs, management, future perspectives etc, information on environmental audit. Analysing the results we have obtained, the following can be outlined a certain increasing trend on the level and relevance of environmental information supplied for the companies listed on FTSE 100. Only 22 of the analysed companies are reporting the environmental performance indicators recommended by accredited bodies such as the GRI Guidelines (the most complex guidance in this respect. 20 of

  9. Lake Roosevelt Fisheries Evaluation Program; Meadow Creek vs. Lake Whatcom Stock Kokanee Salmon Investigations in Lake Roosevelt, Annual Report 2002.

    Energy Technology Data Exchange (ETDEWEB)

    McLellan, Holly

    2003-03-01

    Lake Whatcom, Washington kokanee have been stocked in Lake Roosevelt since 1987 with the primary objective of creating a self-sustaining fishery. Success has been limited by low recruitment to the fishery, low adult returns to hatcheries, and a skewed sex ratio. It was hypothesized that a stock native to the upper Columbia River might perform better than the coastal Lake Whatcom stock. Kokanee from Meadow Creek, a tributary of Kootenay Lake, British Columbia were selected as an alternative stock. Post smolts from each stock were released from Sherman Creek Hatchery in late June 2000 and repeated in 2001. Stock performance was evaluated using three measures; (1) number of returns to Sherman Creek, the primary egg collection facility, (2) the number of returns to 86 tributaries sampled and, (3) the number of returns to the creel. In two repeated experiments, neither Meadow Creek or Lake Whatcom kokanee appeared to be capable of providing a run of three-year old spawners to sustain stocking efforts. Less than 10 three-years olds from either stock were collected during the study period. Chi-square analysis indicated age two Meadow Creek kokanee returned to Sherman Creek and to other tributaries in significantly higher numbers when compared to the Lake Whatcom stock in both 2000 and 2001. However, preliminary data from the Spokane Tribe of Indians indicated that a large number of both stocks were precocial before they were stocked. The small number of hatchery three-year olds collected indicated that the current hatchery rearing and stocking methods will continue to produce a limited jacking run largely composed of precocious males and a small number of three-year olds. No kokanee from the study were collected during standard lake wide creel surveys. Supplemental creel data, including fishing derbies, test fisheries, and angler diaries, indicated anglers harvested two-year-old hatchery kokanee a month after release. The majority of the two-year old kokanee harvested

  10. The Effect of Cash Dividend, Retained Earnings, and Stock Price of Manufacturing Company Listed In Indonesia Stock Exchange

    OpenAIRE

    Farah Margaretha

    2015-01-01

    This study aims to determine the effect of cash dividends per share, retained earnings per share, earnings per share, and leverage on the stock price of manufacture industry in Indonesia from 2008-2012. Research used secondary data in which the source was obtained indirectly through an intermediary medium or data processed from literatures and reports associated with this research. Independent variables in this study (x) are cash dividends per share, retained earnings per share, earnings per ...

  11. Disclosures on control over financial reporting: The reporting practice of banks listed on the Warsaw Stock Exchange

    OpenAIRE

    Gad, Jacek

    2015-01-01

    The purpose of this paper is to identify the effects of the implementation of selected regulations on corporate governance in the reporting practice of banks listed on the Warsaw Stock Exchange. The survey examined the disclosures concerning the main features of the internal control and risk management systems in relation to financial reporting in banks. Research studies on disclosures related to control over financial reporting have not yet been conducted. The paper uses a research method in...

  12. Information networks in the stock market based on the distance of the multi-attribute dimensions between listed companies

    Science.gov (United States)

    Liu, Qian; Li, Huajiao; Liu, Xueyong; Jiang, Meihui

    2018-04-01

    In the stock market, there are widespread information connections between economic agents. Listed companies can obtain mutual information about investment decisions from common shareholders, and the extent of sharing information often determines the relationships between listed companies. Because different shareholder compositions and investment shares lead to different formations of the company's governance mechanisms, we map the investment relationships between shareholders to the multi-attribute dimensional spaces of the listed companies (each shareholder investment in a company is a company dimension). Then, we construct the listed company's information network based on co-shareholder relationships. The weights for the edges in the information network are measured with the Euclidean distance between the listed companies in the multi-attribute dimension space. We define two indices to analyze the information network's features. We conduct an empirical study that analyzes Chinese listed companies' information networks. The results from the analysis show that with the diversification and decentralization of shareholder investments, almost all Chinese listed companies exchanged information through common shareholder relationships, and there is a gradual reduction in information sharing capacity between listed companies that have common shareholders. This network analysis has benefits for risk management and portfolio investments.

  13. Performance Measurement Model for the Consumer Industry Listed on Indonesia Stock Exchange: DEA and SFA Approaches

    Directory of Open Access Journals (Sweden)

    T.Handono Eko Prabowo

    2014-08-01

    Full Text Available This  research  attempts  to  provide  performance  measurement  model  for  the  consumer industry listed on Indonesia Stock Exchange (IDX by  using the data envelopment analysis (DEA and the stochastic frontier analysis (SFA. There were 36 panel irms analyzed over the period of 2000-2005 or 216 pooled observations. The output variable was total sales and input variables were labor, inventory, ixed assets and capital. Z-variables are age of the irm, size  of  the  irm,  market  share  and  time  period.  Empirical  indings  reveal  that  the  average technical  eficiency  (mean  TE  for  consumer  industry  was  0.6630.  The  study  indicates  the existence of output slacks (output deicits and input slacks (input wastages in the consumer industry's  operation.  The  study  also  shows  that  the  joint  effect  of  four  z-variables  on  the technical  ineficiencies  of  the  consumer  industry  was  signiicant  although  the  individual effects of one or more variables might not be statistically signiicant. ";} // -->activate javascript

  14. Estimating Common Growth Patterns in Juvenile Chinook Salmon (Oncorhynchus tshawytscha from Diverse Genetic Stocks and a Large Spatial Extent.

    Directory of Open Access Journals (Sweden)

    Pascale A L Goertler

    Full Text Available Life history variation in Pacific salmon (Oncorhynchus spp. supports species resilience to natural disturbances and fishery exploitation. Within salmon species, life-history variation often manifests during freshwater and estuarine rearing, as variation in growth. To date, however, characterizing variability in growth patterns within and among individuals has been difficult via conventional sampling methods because of the inability to obtain repeated size measurements. In this study we related otolith microstructures to growth rates of individual juvenile Chinook salmon (O. tshawytscha from the Columbia River estuary over a two-year period (2010-2012. We used dynamic factor analysis to determine whether there were common patterns in growth rates within juveniles based on their natal region, capture location habitat type, and whether they were wild or of hatchery origin. We identified up to five large-scale trends in juvenile growth rates depending on month and year of capture. We also found that hatchery fish had a narrower range of trend loadings for some capture groups, suggesting that hatchery fish do not express the same breadth of growth variability as wild fish. However, we were unable to resolve a relationship between specific growth patterns and habitat transitions. Our study exemplifies how a relatively new statistical analysis can be applied to dating or aging techniques to summarize individual variation, and characterize aspects of life history diversity.

  15. Grande Ronde Basin endemic spring chinook salmon supplementation program

    International Nuclear Information System (INIS)

    1998-02-01

    As part of its responsibilities under the Northwest Power Act (Pacific Northwest Electric Power Planning and Conservation Act of 1980), Bonneville Power Administration (BPA) must mitigate the loss of fish, wildlife, and related spawning grounds and habitat attributable to power production at federal hydroelectric dams on the Columbia River and its tributaries. The federal dams have been identified as a major source of mortality for the listed Snake River salmon stocks. BPA also has responsibilities under the Endangered Species Act (ESA) of 1973 to operate in a way that does not jeopardize the continued existence of listed species and to use its agency resources to conserve listed species

  16. Firm and Auditor Characteristics, and Audit Report Lag in Manufacturing Companies Listed on Indonesia Stock Exchange during 2008-2012

    Directory of Open Access Journals (Sweden)

    Mukhtaruddin

    2015-03-01

    Full Text Available One of the qualitative characteristics of financial reporting is relevant. Its manifestation can be seen from the timeliness of reporting. Timeliness could be judged from the audit report lag, which is the length of time from the end of company’s fiscal year to the date of auditor's report. This research aims to empirically examine the influence of firm size, operation complexity, auditor quality, and auditor's opinion on audit report lag of manufacturing companies listed in Indonesia Stock Exchange. The population of this research consists of manufacturing companies, listed on Indonesia Stock Exchange from 2008 to 2012 as many as 111 companies with the research’s sample of 65 companies or 325 observational data, which were selected by purposive sampling method. The data are secondary data obtained from Indonesia Stock Exchange. The research proves that simultaneously, all variables significantly influence the audit report lag. Subsequently in partial, variables ‘firm size’, ‘auditor's opinion’ have a significant and positive effect on audit report lag, the ‘auditor quality’ has a significant and negative effect on audit report lag, while the variable ‘operation complexity’ has no significant effect on audit report lag. The coefficient of determination ?(R?^2 in this study was 0.192 or 19.2 % and the remaining 80.8 % is influenced by other factors that were not examined.

  17. Salmon lice – impact on wild salmonids and salmon aquaculture

    Science.gov (United States)

    Torrissen, O; Jones, S; Asche, F; Guttormsen, A; Skilbrei, O T; Nilsen, F; Horsberg, T E; Jackson, D

    2013-01-01

    Salmon lice, Lepeophtheirus salmonis, are naturally occurring parasites of salmon in sea water. Intensive salmon farming provides better conditions for parasite growth and transmission compared with natural conditions, creating problems for both the salmon farming industry and, under certain conditions, wild salmonids. Salmon lice originating from farms negatively impact wild stocks of salmonids, although the extent of the impact is a matter of debate. Estimates from Ireland and Norway indicate an odds ratio of 1.1:1-1.2:1 for sea lice treated Atlantic salmon smolt to survive sea migration compared to untreated smolts. This is considered to have a moderate population regulatory effect. The development of resistance against drugs most commonly used to treat salmon lice is a serious concern for both wild and farmed fish. Several large initiatives have been taken to encourage the development of new strategies, such as vaccines and novel drugs, for the treatment or removal of salmon lice from farmed fish. The newly sequenced salmon louse genome will be an important tool in this work. The use of cleaner fish has emerged as a robust method for controlling salmon lice, and aquaculture production of wrasse is important towards this aim. Salmon lice have large economic consequences for the salmon industry, both as direct costs for the prevention and treatment, but also indirectly through negative public opinion. PMID:23311858

  18. Redfish Lake sockeye salmon captive broodstock rearing and research, 1994. Annual report

    International Nuclear Information System (INIS)

    Flagg, T.A.; McAuley, W.C.; Wastel, M.R.; Frost, D.A.; Mahnken, C.V.W.

    1996-03-01

    The National Marine Fisheries Service (NMFS) Northwest Fisheries Science Center, in cooperation with the Idaho Department of Fish and Game (IDFG) and the Bonneville Power Administration, has established captive broodstocks to aid recovery of Snake River sockeye salmon (Oncorhynchus nerka) listed as endangered under the US Endangered Species Act (ESA). Captive broodstock programs are emerging as an important component of restoration efforts for ESA-listed salmon populations. Captive broodstock programs are a form of artificial propagation. However, they differ from standard hatchery techniques in one important respect: fish are cultured in captivity for the entire life cycle. The high fecundity of Pacific salmon, coupled with their potentially high survival in protective culture, affords an opportunity for captive broodstocks to produce large numbers of juveniles in a single generation for supplementation of natural populations. The captive broodstocks discussed in this report were intended to protect the last known remnants of this stock: sockeye salmon that return to Redfish Lake in the Sawtooth Basin of Idaho at the headwaters of the Salmon River. This report addresses NMFS research from January to December 1994 on the Redfish Lake sockeye salmon captive broodstock program and summarizes results since the beginning of the study in 1991. Spawn from NMFS Redfish Lake sockeye salmon captive broodstocks is being returned to Idaho to aid recovery efforts for the species

  19. Redfish Lake Sockeye Salmon Captive Broodstock Rearing and Research, 1994 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Flagg, Thomas A.

    1996-03-01

    The National Marine Fisheries Service (NMFS) Northwest Fisheries Science Center, in cooperation with the Idaho Department of Fish and Game (IDFG) and the Bonneville Power Administration, has established captive broodstocks to aid recovery of Snake River sockeye salmon (Oncorhynchus nerka) listed as endangered under the US Endangered Species Act (ESA). Captive broodstock programs are emerging as an important component of restoration efforts for ESA-listed salmon populations. Captive broodstock programs are a form of artificial propagation. However, they differ from standard hatchery techniques in one important respect: fish are cultured in captivity for the entire life cycle. The high fecundity of Pacific salmon, coupled with their potentially high survival in protective culture, affords an opportunity for captive broodstocks to produce large numbers of juveniles in a single generation for supplementation of natural populations. The captive broodstocks discussed in this report were intended to protect the last known remnants of this stock: sockeye salmon that return to Redfish Lake in the Sawtooth Basin of Idaho at the headwaters of the Salmon River. This report addresses NMFS research from January to December 1994 on the Redfish Lake sockeye salmon captive broodstock program and summarizes results since the beginning of the study in 1991. Spawn from NMFS Redfish Lake sockeye salmon captive broodstocks is being returned to Idaho to aid recovery efforts for the species.

  20. CAPITAL ASSET PRICING MODEL METHOD USED IN MEASURING AND ANALYZING COMPANIES LISTED IN PEFINDO25 AT INDONESIA STOCK EXCHANGE PERIOD 2015

    Directory of Open Access Journals (Sweden)

    Francis M HUTABARAT

    2016-08-01

    Full Text Available The industry in Indonesia is an interesting business to capitalize. In Indonesia many companies were established since it is profitable. The capital market serves as an economic pillar in most countries. Indonesia is a rich country, rich in many ways especially in natural resources. However, the industry has its ups and downs in the stock market. It is interesting to see the performance of the companies listed in the Indonesia Stock Exchange.  This study aimed to measure and analyze companies listed in Pefindo25 at Indonesian Stock Exchange using Capital Asset Pricing Model. The sample used is 25 companies listed at Pefindo25 index. Based on the results of the study, it can conclude that after analyzing the companies listed in the Indonesian Stock Exchange using Capital Asset Pricing Model that based on Beta analysis, the companies have the type of stocks that are aggressive and defensive. With positive and negative return. The company with aggressive beta shows that the company tend to face higher risk, as JPFA find itself with positif return 15.47% expected return. And companies with defensive type of stocks tend to have positive return such as: FISH, STTP, AISA, APLN, and others since they are not sensitive to market changes. It is recommended for further research to look on this CAPM method in analyzing the stock investment.

  1. Fundmental Analysis for Stock Price Valuation by Using Price Earnings Ratio Method (Study at Mining Companies Listed on Indonesian Stock Exchange Year 2011-2013)

    OpenAIRE

    Wahyuningtyas, Rovi; Suhadak,; Hidayat, Raden Rustam

    2015-01-01

    The research was conducted based on the misprice on the investment of stock. The misprice of investment on stock can be reduced with evaluate the reasonable of stock price by using fundamental analysis. The fundamental analysis that used in this research is Price Earnings Ratio (PER) method. The PER method aim to know the reasonableness of stock price with compare the intrinsic value of stock and the stock market price. The research is descriptive quantitative method. The research takes the s...

  2. The Impact of a Surprise Dividend Increase on a Stocks Performance : the Analysis of Companies Listed on the Warsaw Stock Exchange

    Directory of Open Access Journals (Sweden)

    Tomasz Słoński

    2012-01-01

    Full Text Available The reaction of marginal investors to the announcement of a surprise dividend increase has been measured. Although field research is performed on companies listed on the Warsaw Stock Exchange, the paper has important theoretical implications. Valuation theory gives many clues for the interpretation of changes in dividends. At the start of the literature review, the assumption of the irrelevance of dividends (to investment decisions is described. This assumption is the basis for up-to-date valuation procedures leading to fundamental and fair market valuation of equity (shares. The paper is designed to verify whether the market value of stock is immune to the surprise announcement of a dividend increase. This study of the effect of a surprise dividend increase gives the chance to partially isolate such an event from dividend changes based on long-term expectations. The result of the research explicitly shows that a surprise dividend increase is on average welcomed by investors (an average abnormal return of 2.24% with an associated p-value of 0.001. Abnormal returns are realized by investors when there is a surprise increase in a dividend payout. The subsample of relatively high increases in a dividend payout enables investors to gain a 3.2% return on average. The results show that valuation models should be revised to take into account a possible impact of dividend changes on investors behavior. (original abstract

  3. Corporate Characteristics and Internal Control Information Disclosure- Evidence from Annual Reports in 2009 of Listed Companies in Shenzhen Stock Exchange

    Science.gov (United States)

    Xiaowen, Song

    Under the research framework of internal control disclosure and combined the current economic situation, the paper empirically analyzes the relationship between corporate characteristics and internal control information disclosure. The paper selects 647 A share companies listed in Shenzhen Stock Exchanges in 2009 as a sample. The results show: (1) the companies with excellent performance and high liquidity tend to disclose more internal control information; (2) the companies with the high leverage and also issued B shares are not willing to disclosure internal control information; (3) the companies sizes and companies which have hired Four-big accounting firms have no significant effects on internal control disclosure.

  4. State sells oil and gas shares in Norway - Statoil to stock exchange list

    International Nuclear Information System (INIS)

    Kimpanpaeae, M.

    2001-01-01

    After several months debate the government of Norway has decided to sell parts of the national oil-company Staoil as well as state-owned gas and oil shares. The government has stated that in the first stage it would be possible to privatize 20% of the Statoil. The market value of Staoil in summer 1999 was estimated to 120 billion NOK and the value has been estimated to increase ever since. The same proposal includes selling 20% of the national oil and gas shares SDOEE. 15 % would be sold to Statoil before listing the company into the stock exchange and the rest to Norsk Hydro and other national and international companies. The remaining share, the value of which is about 500 billion NOK, will become a part of a new state-owned company. The oil and energy ministry of Norway has estimated that the market value of SDOEE is about 600 billion NOK. Advisory committee decided to increase the share to be sold of SDOEE to 21.5%, the share of other companies being 6.5%. SDOEE was grounded in 1985. Since then a part of the oil and gas income of Statoil has gone into the balances of Statoil and another part directly to the state. Statoil has been responsible for the oil and gas sales of SDOEE. SDOEE's gas and oil reserves have been estimated to be about 9.8 billion barrels, 35% of which is oil and the rest natural gas. A new independent state owned company will be founded for transport of natural gas as a part of the change process. Oil companies and other energy companies will deliver the natural gas also in the future. In addition to the national arrangements, the EU's gas market directive will lead to changes in the Norwegian gas sales. As a part of the European Economic Area Norway will put the EU's gas markets directive into force without any transition period. The directive will decrease the price of natural gas and hence the income of Norway from natural gas is estimated to decrease significantly. At the moment the sales company GFU is responsible for organizing the

  5. Snake River Sockeye Salmon Habitat and Limnological Research : 2005 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Taki, Doug; Kohler, Andre E.; Griswold, Robert G.; Gilliland, Kim

    2006-07-14

    In March 1990, the Shoshone-Bannock Tribes petitioned the National Marine Fisheries Service (NMFS) to list Snake River sockeye salmon (Oncorhynchus nerka) as endangered. Snake River sockeye salmon were officially listed as endangered in November 1991 under the Endangered Species Act (56 FR 58619). In 1991, the Snake River Sockeye Salmon Habitat and Limnological Research Project was implemented. This project is part of an interagency effort to prevent the extinction of the Redfish Lake stock of Snake River sockeye salmon. The Shoshone-Bannock Tribal goal for this project is two tiered: The immediate goal is to increase the population of Snake River sockeye salmon while preserving the unique genetic characteristics of the Evolutionarily Significant Unit (ESU). The Tribes long term goal is to maintain a viable population that warrants delisting and provides Tribal harvest opportunities. The Bonneville Power Administration (BPA) provides funding for this interagency recovery. Collaborators in the recovery effort include the National Oceanic and Atmospheric Administration (NOAA), the Idaho Department of Fish and Game (IDFG), the University of Idaho (UI), and the Shoshone-Bannock Tribes (SBT). This report summarizes activities conducted by Shoshone-Bannock Tribal Fisheries Department personnel during the 2005 calendar year. Project tasks include: (1) monitor limnological parameters of the Sawtooth Valley lakes to assess lake productivity; (2) conduct lake fertilization in Pettit and Alturas lakes; (3) reduce the number of mature kokanee spawning in Fishhook and Alturas Lake creeks; (4) monitor and enumerate sockeye salmon smolt migration from Pettit and Alturas lakes; (5) monitor spawning kokanee escapement and estimate fry recruitment in Fishhook, Alturas Lake, and Stanley Lake creeks; (6) conduct sockeye and kokanee salmon population surveys; (7) evaluate potential competition and predation between stocked juvenile sockeye salmon and a variety of fish species in

  6. Snake River Sockeye Salmon Habitat and Limnological Research; 2003 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Taki, Doug; Kohler, Andre E. (Shoshone-Bannock Tribes, Fort Hall, ID); Griswold, Robert G. (Biolines, Stanley, ID)

    2004-01-01

    In March 1990, the Shoshone-Bannock Tribes petitioned the National Marine Fisheries Service (NMFS) to list the Snake River sockeye salmon (Oncorhynchus nerka) as endangered. As a result of that petition, the Snake River sockeye salmon was officially listed as endangered in November 1991 under the Endangered Species Act (56 FR 58619). In 1991, the Snake River Sockeye Salmon Habitat and Limnological Research Program was implemented (Project Number 1991-071-00). This project is part of an interagency effort to prevent the extinction of the Redfish Lake stock of sockeye salmon. The Shoshone-Bannock Tribal goal for this project is two tiered: The immediate goal is to increase the population of Snake River sockeye salmon while preserving the unique genetic characteristics of the Evolutionarily Significant Unit (ESU). The Tribes long term goal is to maintain a viable population that warrants delisting and provides Tribal harvest opportunities. The Bonneville Power Administration (BPA) provides funding for this interagency recovery program through the Northwest Power and Conservation Council Fish and Wildlife Program (NPCCFWP). Collaborators in the recovery effort include the National Oceanic and Atmospheric Administration (NOAA), the Idaho Department of Fish and Game (IDFG), the University of Idaho (UI), and the Shoshone-Bannock Tribes (SBT). This report summarizes activities conducted by Shoshone-Bannock Tribal Fisheries Department personnel during the 2003 calendar year. Project objectives include: (1) monitor limnological parameters of the Sawtooth Valley lakes to assess lake productivity; (2) reduce the number of mature kokanee spawning in Fishhook Creek; (3) monitor sockeye salmon smolt migration from the captive rearing program release of juveniles into Pettit and Alturas lakes; (4) monitor spawning kokanee escapement and estimate fry recruitment in Fishhook, Alturas Lake, and Stanley Lake creeks; (5) conduct sockeye and kokanee salmon population surveys; (6

  7. DISCLOSURES ON CONTROL OVER FINANCIAL REPORTING: THE REPORTING PRACTICE OF BANKS LISTED ON THE WARSAW STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Jacek Gad

    2015-08-01

    Full Text Available The purpose of this paper is to identify the effects of the implementation of selected regulations on corporate governance in the reporting practice of banks listed on the Warsaw Stock Exchange. The survey examined the disclosures concerning the main features of the internal control and risk management systems in relation to financial reporting in banks. Research studies on disclosures related to control over financial reporting have not yet been conducted. The paper uses a research method involving the analysis of annual reports disclosed by banks. The method of induction was used in the process of inference. The results of the study indicate that in the practice of reporting of banks listed on the Warsaw Stock Exchange in 2011, there was no uniform reporting form in terms of the presentation of information on internal control or risk management systems in relation to financial reporting. The disclosures were different both in terms of level of detail and content. In some banks disclosures were drawn at a high level of generality.

  8. Market Reaction to the Approval of Stock Option Plans: an Event Study of Bovespa Listed Companies

    Directory of Open Access Journals (Sweden)

    Fernanda Finotti Cordeiro Perobelli

    2009-07-01

    Full Text Available This paper aims to verify market reactions to Employee Stock Options Plans (ESOP proposals and awards in the Brazilian Stock Exchange from July 1994 to March 2007. In order to achieve such objective, event studies methodology was applied and the original sample (comprised by all companies that adopted ESOP during the survey period was divided according to employees’ eligibility to ESOP and CEOs bargain power. Using non-parametric tests (Sign Test e Wilcoxon Rank Sum Test, we could verify that announcements of ESOP proposals and ESOP awards were not related to positive abnormal returns. As the opposite, returns around those announcements dates were negatives, in general. Such pattern could be explained by some theoretical consequences of ESOP plans: increase in the CEOs risky behavior, constrains in the dividend policy and CEOs opportunistic behavior by managing the timing of their voluntary disclosures around stock option awards. We also found evidences suggesting that employees´ eligibility is related to abnormal returns. When all employees are awarded, returns are even more negative. Possible explanations are indirect costs of capital pulverization and increase in the companies cost of capital due to the ESOP. Our findings suggest that an ESOP adoption in a poor governance environment can increase agency problems, instead of aligning CEOs and shareholders interests.

  9. Poached Salmon

    Science.gov (United States)

    ... page: https://medlineplus.gov/recipe/poachedsalmon.html Poached Salmon To use the sharing features on this page, ... olive oil Ground black pepper, to taste For salmon: 4 salmon steaks, 5 oz each 3 cups ...

  10. A study on relationship between asymmetric information on dividend polices of companies listed in Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Adineh Hayatbakhsh

    2013-07-01

    Full Text Available Explaining and the determinants of dividend policy is one of the biggest challenges that have long been the center of attention of accounting and financial researcher and theoreticians. There are many evidences that confirm the effects of dividend and there are a lot of other potential factors whose effects on the dividend policy have not been studied yet. In this study, the effects of four variables including asymmetric information, growth opportunities, cash holding and firm size in payout dividend policy are investigated, simultaneously. The study uses the information of 140 companies listed on Tehran Stock Exchange over the period 2005-2010. In this study, 4 hypotheses are proposed and investigated. There are positive and significant relationships between asymmetric information, growth opportunities, cash holding and company size on one side and payout dividend policy on the other side.

  11. CURRENT STUDY ON THE FUNDING SOURCES COVERAGE OF CURRENT ASSETS TO COMPANIES LISTED ON THE BUCHAREST STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Teodor HADA

    2014-06-01

    Full Text Available This paper presents issues about the coverage with financing sources of current assets for 64 companies listed on the Bucharest Stock Exchange. The aim of the study is to see how to calculate indicators specific to current assets and the general framework offered as whole analysis of the financing sources of current assets. The introduction of the paper presents the objective, the research methodology and the novelties brought by this study. Further on, this study shows the various views of the authors about the concept of "current assets", financing sources of current assets, the calculation of net working capital, setting the limits of the normal working capital and determining the speed of rotation. After that was done, based on the theory, a case study was performed, for companies covered in this study. Conclusions focused on determining the final data about what was detailed in the previous paragraphs.

  12. Is there Needed an Industry Approach on Corporate Default Risk? Case Study on Companies Listed on Romanian Stock Exchange

    Directory of Open Access Journals (Sweden)

    Cristina Maria Triandafil

    2009-02-01

    Full Text Available This paper focuses on applying Black and Scholes structural approach on credit risk in the case of the companies listed on Romanian Stock Exchange. We conduct a case-study on 35 companies belonging to five industries (energetic, materials, chemistry, pharmaceuticals, equipments during a period of 10 years in order to highlight out default point/threshold and its essential factors evolution across industries. Research approach is concentrated also on the specific characteristics of the Romanian capital market (especially in terms of illiquidity and lack of transparency additional costs, macroeconomic environment and corporate finance decision process. We compute default point from the perspective of the arbitrage between assets and leverage; in accordance with the most recent theories on specific features corporate default within emerging countries (Galytskyy, 2006, a key element will be represented by the assets volatility which will be correlated with the country risk premium in order to highlight out a potential macroeconomic impact on corporate failure.

  13. A Study on the Relationship between Proprietorship Concentration and Profit Management in the Companies Listed in Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Soghra Ranjbarian

    2017-04-01

    Full Text Available The presence of institutional investors may change the behaviors of companies. The impact of institutional investors on management decisions on financial affairs have been proven in other studies; yet, the present study aims to investigate the relationship between lack of information symmetry an concentration of proprietorship with profit management in the companies listed in Tehran Stock Exchange. The period under study included years 2004 to 2009. Rahavard Novin Computer application was utilized to collect the data; then they were calculated using Microsoft Excel.  SPSS computer application was used to test research hypothesis and conduct other statistical analysis using statistical methods like descriptive statistics, correlation (correlation coefficient, coefficient of determination, regression analysis and testing its coefficients, correlation analysis and test of coefficients and significance of the difference between two correlation coefficients. A total of 109 active companies in the stock exchange were selected as the sample of the study. Results on the first hypothesis revealed that the relationship between concentration of proprietorship and lack of information symmetry. In case of the second hypothesis, it is predicted that there is a significant relationship between profit management with lack of information symmetry and concentration of proprietorship. According to research results, investors and analysts ought to pay attention to factors like proprietorship composition, the level of information symmetry along with the figures published by the companies when making short and long-term decisions.

  14. A Study on the Relationship between Proprietorship Concentration and Profit Management in the Companies Listed in Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Soghra Ranjbarian

    2017-02-01

    Full Text Available The presence of institutional investors may change the behaviors of companies. The impact of institutional investors on management decisions on financial affairs have been proven in other studies; yet, the present study aims to investigate the relationship between lack of information symmetry an concentration of proprietorship with profit management in the companies listed in Tehran Stock Exchange. The period under study included years 2004 to 2009. Rahavard Novin Computer application was utilized to collect the data; then they were calculated using Microsoft Excel.  SPSS computer application was used to test research hypothesis and conduct other statistical analysis using statistical methods like descriptive statistics, correlation (correlation coefficient, coefficient of determination, regression analysis and testing its coefficients, correlation analysis and test of coefficients and significance of the difference between two correlation coefficients. A total of 109 active companies in the stock exchange were selected as the sample of the study. Results on the first hypothesis revealed that the relationship between concentration of proprietorship and lack of information symmetry. In case of the second hypothesis, it is predicted that there is a significant relationship between profit management with lack of information symmetry and concentration of proprietorship. According to research results, investors and analysts ought to pay attention to factors like proprietorship composition, the level of information symmetry along with the figures published by the companies when making short and long-term decisions.

  15. Prevalence of sustainability reporting practices of listed companies on established and emerging stock exchanges

    Directory of Open Access Journals (Sweden)

    Brendan K. Turk

    2013-02-01

    Full Text Available The business sector has a substantial role in addressing current environmental issues and concerns. Consequently, there is a growing adoption of corporate sustainability principles and practices across all market sectors. This study examined four developed and four emerging stock markets and the sustainability reporting practices of the top 20 and bottom 20 companies in each. The results illustrate that the developed market sector was more advanced in its corporate sustainability reporting, both in the proportion of companies issuing a sustainability report (approximately 60 per cent and the proportion of company webpages dedicated to sustainability reporting. This difference was largely due to the effect of the top 20 companies. There was little difference between developed and developing markets when only the bottom 20 companies were considered, of which less than one-third provided sustainability reports.  These results show that sustainability reporting is prevalent in both developed and developing markets, especially among market leading companies, but that overall, most developing markets have some catching up to do.

  16. The Relevance of Fair Value Across Countries: Firms Listed in Lisbon and Madrid Stock Exchange

    Directory of Open Access Journals (Sweden)

    José Carlos Rocha da Veiga

    2015-03-01

    Full Text Available Following the theories of gray and positive accounting this study examines the options in the measurement of assets and the usefulness of fair value. Using a sample of 104 Portuguese and Spanish companies with listed securities, the research analyzes factors associated with the fair value option and whether the listing incorporates this information. The results reveal a conservative behavior, where only 19% of companies use the fair value, specially the Portuguese (35%, confirming that the country of origin has a significant influence on this choice. The fair value option is more expressive on investment properties, and less expressive in intangibles. The sectors denote significantly different behaviors, and companies with higher quotes are more cautious using the fair value. The market reacts differently about the nature of this information. It is favorable to its sectorial utilization, reacting negatively to a more widespread use (Portugal, which supports the argument that the relevance of fair value estimates are dependent on the confidence placed by investors. This study contributes to stress the culture and market price of companies as explanatory variables for the use of fair value. Our findings suggest a more conservative culture in Spanish than in Portuguese companies.

  17. Challenges of Executive Information Systems in listed Johannesburg Stock Exchange companies

    Directory of Open Access Journals (Sweden)

    Elmarie Papageorgiou

    2011-09-01

    Objectives: The purpose of this study is to establish and to determine the existence, and to what extent EISs exist in all levels of management and to identify the challenges companies experienced in listed JSE companies. Therefore the problem exists that EIS-users at all levels of management are unaware of the challenges of EISs and that EISs can be used as a tool to analyse their businesses’ performance and competitiveness. Method: A mixed method was used; both quantitative and qualitative in nature. Questionnaires were sent to 334 listed JSE companies and 13 interviews were conducted with users of EISs in all levels of management. Results: The results of the study demonstrate that the majority of respondents of the questionnaire have an EIS or plan to implement an EIS. The results further revealed the respondents’ positive attitude towards EISs as it is an excellent management information tool that adds strategic value to their business, that is critical for real-time decision-making, solves problems and creates a competitive edge. From the results it is evident that there is a need for an EIS to be ‘everybody’s information system’. The results of the interviews demonstrate that an EIS is a seamless reliable system necessary for proper timeous decision-making. The respondents to the questionnaire and the interviewees indicated that they understood the value of EISs as a useful part of their company. Conclusion: The study adds value to the awareness and understanding of EISs that creates a business environment in which business and management can enhance sustainability and strategic competitiveness.

  18. Exploring the Impact of ISO 9001, ISO 14001 and OHSAS 18001 Certification on Financial Performance: The Case of Companies listed on the Bucharest Stock Exchange

    Directory of Open Access Journals (Sweden)

    Mihaela Ionașcu

    2017-02-01

    Full Text Available The purpose of this paper is to investigate the impact of ISO 9001, ISO 14001 and OHSAS 18001 certification on the financial performance of Romanian companies listed on the Bucharest Stock Exchange (BSE. Based on audited financial statements of a population of 67 non-financial companies listed during 2013-2015 and using regression models, this paper shows, for the first time in Romania, that companies listed on BSE, implementing complex management systems (quality – environmental and/or occupational health and safety perform better, and that their performance is directly linked to the complexity of the management systems implemented.

  19. Listings.

    Science.gov (United States)

    1994-12-07

    Nursing Standard regrets that it is no longer able to take listings over the telephone because of unprecedented demand. Readers are reminded that the listings section is for the use of charitable and professional organisations, unions and health authorities to publicise forthcoming events. Listings should contain all relevant details and be posted or faxed to Susan Blood-worth, Nursing Standard, Viking House, 17-19 Peterborough Road, Harrotc. Middlesex HA 1 2AX. Fax: 081-423 3867.

  20. Size as indicator of origin of salmon lice Lepeophtheirus salmonis (Copepoda: Caligidae)

    NARCIS (Netherlands)

    Nordhagen, J.R.; Heuch, P.A.; Schram, T.A.

    2000-01-01

    Salmon lice Lepeophtheirus salmonis (Krøyer, 1837) from farmed Atlantic salmon have been implicated in the drastic sea trout and salmon stock declines found in Ireland and Norway. Can salmon lice from farmed and wild fish be distinguished? The hypothesis has been advanced that the treatment of

  1. The implications of financial performance on stock exchange indicators of listed companies: empirical evidence for the Romanian capital market

    Directory of Open Access Journals (Sweden)

    Iulia-Oana ȘTEFAN(BELCIC-ȘTEFAN

    2016-08-01

    Full Text Available This paper examines and quantifies the implications of financial indicators of performance on the share return of companies listed on Bucharest Stock Exchange. These implications are even more relevant as the Romanian capital market could benefit from increased visibility with its reclassification as an emerging capital market in the near future. The research is conducted at the level of 33 companies listed on BSE for the time frame 2011-2013, building a multiple linear regression model that quantifies the variation in price to book value depending on the evolution of nine financial indicators of performance out of a total of 38 such possible indicators. Correcting the effects of serial correlation within the model led to its respecification resorting to the generalized differences procedure. The value of the R-squared coefficient of determination for the processed model is 0.543, eight of the nine independent variables being significant at the 1% level. The 0 probability associated to the F-test as well as its value confirm that the regression equation is globally significant. Also, all the assumptions for validating the estimated model are confirmed, both general ones, characteristic to the multiple linear regression procedure, and, in particular, according to the specific set of data under processing. The applied usefulness of the regression model is valued in the next step of the research, that of testing the effectiveness of the Romanian capital market, after which it was found that the influence of financial performance indicators was already incorporated into the market price since the end of the reporting period.

  2. CROOS - Collaborative Research on Oregon Ocean Salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Goal 1: Improve understanding of salmon ocean ecology by integrating stock-specific distribution patterns over space and time with biological and environmental data....

  3. The Effect of Financial Leverage, Employee Stock Ownership Program and Firm Size on Firm Performance of Companies Listed in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Nurainun Bangun

    2017-07-01

    Full Text Available The purpose of this research is to examine and to obtain affected empirical evidence of financial leverage, firm size and employee stock ownership program (ESOP to firm performance in manufacturing company in Indonesian Stock Exchange on 2013-2015. Independent variables in this research are Financial Leverage (DER, Firm Size and Employee Stock Ownership Program (ESOP. Dependent variables in this research are Return on Assets (ROA and Return On Equity (ROE. The results Showed that the simultaneous test of three independent variables Significantly afftected to the ROA and ROE. The partial tests of Financial Leverage (proxy DER and Firm Size Significantly affected to ROA and ROE. But, the results Showed that the Employee Stock Ownership Program (ESOP did not Affect to ROA and ROE.

  4. The Impact of Capital Structure on Risk and Firm Performance: Empirical Evidence for the Bucharest Stock Exchange Listed Companies

    Directory of Open Access Journals (Sweden)

    Elena Alexandra Nenu

    2018-04-01

    Full Text Available This paper analyzes the evolution of the main theories regarding the capital structure and the related impact on risk and corporate performance. The capital structure is a dynamic process that changes over time, depending on the variables that influence the overall evolution of the economy, a particular sector, or a company. It may also change depending on the company’s forecasts of its expected profitability, capital structure being, in fact, a risk–return compromise. This study contributes to the literature by investigating the drivers of capital structure of the firms from the Romanian market. For the econometric analysis, we applied multivariate fixed-effects regressions, as well as dynamic panel-data estimations (two-step system generalized method of moments, GMM on a panel comprising the companies listed on the Bucharest Stock Exchange. The analyzed period, 2000–2016, covers a cycle with significant changes in the Romanian economy. Our results showed that leverage is positively correlated with the size of the company and the share price volatility. On the other hand, the debt structure has a different impact on corporate performance, whether this calculated on accounting measures or seen as market share price evolution.

  5. Impacts of Firms’ Internal Information Environment on Tax Avoidance (Case Study: Companies Listed in Tehran’s Stock Exchange

    Directory of Open Access Journals (Sweden)

    Jahanbakhsh Ghafoori

    2017-02-01

    Full Text Available The main purpose of this study is to investigate the impacts of firms’ internal information environment on tax avoidance. The research method includes a data panel and is generally of semi-experimental fashion. The population of research is consisted of the entire companies and firms listed in Tehran’s stock exchange as 496 firms from the beginning of 2007 until the end of financial year of 2014. Among the population, a number of 86 firms were selected as the sample through systematic omitting method. For the purpose of data analysis, the tests of T and multivariate linear regression were incorporated into the study. Results indicate that impact of quality of internal information on tax avoidance is higher in those companies in which information play a more important role. Firms which operate under geographic dispersion make more use of the quality of their internal information, because this information helps them towards reduced tax avoidance. High quality of internal information and commercial dispersion force these firms towards avoiding larger taxes. In addition, quality of internal information is not effective on firms which are under reconstruction status.

  6. Impacts of Firms’ Internal Information Environment on Tax Avoidance (Case Study: Companies Listed In Tehran’s Stock Exchange

    Directory of Open Access Journals (Sweden)

    Jahanbakhsh Ghafoori

    2017-04-01

    Full Text Available The main purpose of this study is to investigate the impacts of firms’ internal information environment on tax avoidance. The research method includes a data panel and is generally of semi-experimental fashion. The population of research is consisted of the entire companies and firms listed in Tehran’s stock exchange as 496 firms from the beginning of 2007 until the end of financial year of 2014. Among the population, a number of 86 firms were selected as the sample through systematic omitting method. For the purpose of data analysis, the tests of T and multivariate linear regression were incorporated into the study. Results indicate that impact of quality of internal information on tax avoidance is higher in those companies in which information play a more important role. Firms which operate under geographic dispersion make more use of the quality of their internal information, because this information helps them towards reduced tax avoidance. High quality of internal information and commercial dispersion force these firms towards avoiding larger taxes. In addition, quality of internal information is not effective on firms which are under reconstruction status.

  7. Investigation corporate governance characteristics on risk taking: A case study of private banks listed in Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Mohammad Khodaei Valahzaghard

    2013-02-01

    Full Text Available During the past few years, there have been tremendous works on detecting the relationship between banks performance and the number of seats on board of directors. Board of directors of banks is responsible for shareholders ownership’s interest. In this study, governance and ownership characteristics affecting risk appetite on some private banks listed in Tehran Stock Exchange is studied. The study investigates 12 private banks for a period 2005-2011 based on the implementation of some regression analysis using panel data. The results indicate that the effect of five major shareholders on risk-taking is positive and significant. The effect of institutional ownership on risk-taking is negative and significant. Effects of other variables, including the percentage of ownership concentration, return on assets and the logarithm of cash from operations (CFO on risk-taking of the private banks are not significant. The effects of board size, reliance on debt and log of assets on risk-taking are significantly negative among private banks in Iran. These results indicate that shareholders that are institutional investors play a key role in monitoring managers.

  8. Stock price forecasting for companies listed on Tehran stock exchange using multivariate adaptive regression splines model and semi-parametric splines technique

    Science.gov (United States)

    Rounaghi, Mohammad Mahdi; Abbaszadeh, Mohammad Reza; Arashi, Mohammad

    2015-11-01

    One of the most important topics of interest to investors is stock price changes. Investors whose goals are long term are sensitive to stock price and its changes and react to them. In this regard, we used multivariate adaptive regression splines (MARS) model and semi-parametric splines technique for predicting stock price in this study. The MARS model as a nonparametric method is an adaptive method for regression and it fits for problems with high dimensions and several variables. semi-parametric splines technique was used in this study. Smoothing splines is a nonparametric regression method. In this study, we used 40 variables (30 accounting variables and 10 economic variables) for predicting stock price using the MARS model and using semi-parametric splines technique. After investigating the models, we select 4 accounting variables (book value per share, predicted earnings per share, P/E ratio and risk) as influencing variables on predicting stock price using the MARS model. After fitting the semi-parametric splines technique, only 4 accounting variables (dividends, net EPS, EPS Forecast and P/E Ratio) were selected as variables effective in forecasting stock prices.

  9. Snake River Sockeye Salmon Habitat and Limnological Research; 2002 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Kohler, Andre E.; Taki, Doug (Shoshone-Bannock Tribes, Fort Hall, ID); Griswold, Robert G. (Biolines, Stanley, ID)

    2004-08-01

    In March 1990, the Shoshone-Bannock Tribes petitioned the National Marine Fisheries Service (NMFS) to list the Snake River sockeye salmon (Oncorhynchus nerka) as endangered. As a result of that petition the Snake River sockeye salmon was officially listed as endangered in November 1991 under the Endangered Species Act (56 FR 58619). In 1991, the Snake River Sockeye Salmon Habitat and Limnological Research Program was implemented (Project Number 91-71, Intergovernmental Contract Number DE-BI79-91bp22548). This project is part of an interagency effort to prevent the extinction of the Redfish Lake stock of O. nerka. The Shoshone-Bannock Tribal goal for this project is two tiered: The immediate goal is to increase the population of Snake River sockeye salmon while preserving the unique genetic characteristics of the Evolutionarily Significant Unit (ESU). The Tribes long term goal is to maintain a viable population that warrants delisting and provides Tribal harvest opportunities. The Bonneville Power Administration (BPA) provides funding for this interagency recovery program through the Northwest Power Planning Council Fish and Wildlife Program (NPPCFWP). Collaborators in the recovery effort include the National Marine Fisheries Service (NMFS), the Idaho Department of Fish and Game (IDFG), the University of Idaho (UI), U.S. Forest Service (USFS), and the Shoshone-Bannock Tribe (SBT). This report summarizes activities conducted by Shoshone-Bannock Tribal Fisheries Department personnel during the 2002 calendar year. Project objectives include: (1) monitor over-winter survival and emigration of juvenile anadromous O. nerka stocked from the captive rearing program; (2) fertilize Redfish Lake (3) conduct kokanee salmon (non-anadromous O. nerka) population surveys; (4) monitor spawning kokanee escapement and estimate fry recruitment on Fishhook, Alturas Lake, and Stanley Lake creeks; (5) evaluate potential competition and predation between stocked juvenile O. nerka and a

  10. EFFECT OF INTELLECTUAL CAPITAL, CAPITAL STRUCTURE AND MANAGERIAL OWNERSHIP TOWARD FIRM VALUE OF MANUFACTURING SECTOR COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX PERIOD 2010-2014

    Directory of Open Access Journals (Sweden)

    Hamidah Hamidah

    2015-09-01

    Full Text Available The purpose of this study is to know the effect of Intellectual Capital, Capital Structure and Managerial Ownership on Firm Value in Manufacturing Company Listed on Indonesia Stock Exchange in 2010-2014. In this research, intellectual capital can be seen from VACA (Value Added Capital Employed, VAHU (Value Added Human Capital, and STVA (Structural Capital Value Added. The research model in this study employs panel data analysis. The samples are manufacturing companies listed in Indonesian Stock Exchange in 2010-2014 selected by purposive sampling. The result show that VACA and STVA has negative and not significant effect on firm value (Tobins’Q. Whereas, VAHU have positive and not significant effect on firm value. Capital structure (DAR have positive and significant effect on firm value. Managerial ownership (MGRL have negative and significant effect on firm value.

  11. ASPECTS CONCERNING THE DETERMINATION OF BANKRUPTCY RISK BY SOLVENCY AND LIQUIDITY RATIOS IN THE COMPANIES LISTED ON THE BUCHAREST STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Teodor Hada

    2014-07-01

    Full Text Available This paper presents issues related to determining the bankruptcy risk for 64 companies listed on the Bucharest Stock Exchange.The purpose of this paper is to determine the percentage of companies falling within the normal range. In the introduction, we set the goal, the research methodology, and the novelty value of this work. Hereinafter, we presented different views of risk concepts, bankruptcy, solvency and liquidity. After that, based on theoretical presentations, a case study was conducted to determine the solvency and liquidity ratios. In the end, on the basis of the above considerations, the conclusions were established and some proposals were listed.

  12. The Impact of the Relaxation of Visits by Mainland China Tourists to Taiwan on Stock Returns and Financial Performance: The Case of Listed Tourism Industry Firms

    OpenAIRE

    Erin H. Kao; You-De Dai

    2011-01-01

    The purpose of this study is to examine the impact on listed tourism industry firms of the relaxation of the policy to allow Mainland China tourists to visit Taiwan directly for sightseeing from a financial viewpoint. First, before the implementation of the policy, this study applied the "event study method" to investigate the effects on the stock prices of the announcement of the open policy. The results indicate that, except for the Aviation industry, the announcement has given rise to sign...

  13. How to achieve gender diversity in top management : A qualitative study of gender equal companies listed on the Swedish stock exchange

    OpenAIRE

    Sarri, Tove; Troeng, Linnea

    2016-01-01

    Alarming statistics provides that only 10,2 percentage of companies listed on the Swedish stock exchange has achieved gender equality in their top management. The fact is that women being discriminated, since men dominates these positions of power. The study is of a qualitative nature and aims to achieve a deeper understanding and knowledge contribution of how gender equal companies´ has achieved this gender diversity in their top management. Sweden's highest ranking business leaders has been...

  14. A TWO CENTURY HISTORY OF PACIFIC NORTHWEST SALMON: LESSONS LEARNED FOR ACHIEVING A SUSTAINABLE FUTURE

    Science.gov (United States)

    Achieving ecological sustainability is a daunting challenge. In the Pacific Northwest one of the most highly visible public policy debates concerns the future of salmon populations. Throughout the Pacific Northwest, many wild salmon stocks have declined and some have disappeare...

  15. Redfish Lake Sockeye Salmon Captive Broodstock Rearing and Research, 1995-2000 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Flagg, Thomas A.

    2001-01-01

    The National Marine Fisheries Service (NMFS) Northwest Fisheries Science Center, in cooperation with the Idaho Department of Fish and Game and the Bonneville Power Administration, has established captive broodstocks to aid recovery of Snake River sockeye salmon (Oncorhynchus nerka) listed as endangered under the US Endangered Species Act (ESA). Captive broodstock programs are a form of artificial propagation and are emerging as an important component of restoration efforts for ESA-listed salmon populations. However, they differ from standard hatchery techniques in one important respect: fish are cultured in captivity for the entire life cycle. The high fecundity of Pacific salmon, coupled with their potentially high survival in protective culture, affords an opportunity for captive broodstocks to produce large numbers of juveniles in a single generation for supplementation of natural populations. The captive broodstocks discussed in this report were intended to protect the last known remnants of this stock: sockeye salmon that return to Redfish Lake in the Sawtooth Basin of Idaho at the headwaters of the Salmon River. This report addresses NMFS research from January 1995 to August 2000 on the Redfish Lake sockeye salmon captive broodstock program and summarizes results since the beginning of the study in 1991. Since initiating captive brood culture in 1991, NMFS has returned 742,000 eyed eggs, 181 pre-spawning adults, and over 90,000 smolts to Idaho for recovery efforts. The first adult returns to the Stanley Basin from the captive brood program began with 7 in 1999, and increased to about 250 in 2000. NMFS currently has broodstock in culture from year classes 1996, 1997, 1998, and 1999 in both the captive broodstock program, and an adult release program. Spawn from NMFS Redfish Lake sockeye salmon captive broodstocks is being returned to Idaho to aid recovery efforts for the species.

  16. Effect of Corporate Governance Structure on the Financial Performance of Johannesburg Stock Exchange (JSE-Listed Mining Firms

    Directory of Open Access Journals (Sweden)

    Isaih Dzingai

    2017-06-01

    Full Text Available There have been many corporate collapses and financial crises in recent years linked to a lack of effective corporate governance. The South African King IV Code of Corporate Governance recommends that corporate governing bodies should be comprised of an appropriate balance of knowledge, diversity, and independence for discharging their duties objectively and more efficiently. This study examines the effect of corporate governance structures on firm financial performance. The secondary data of selected Johannesburg Stock Exchange (JSE, Socially Responsible Investment (SRI Index-listed mining firms’ sustainability reports, and integrated annual financial statements are used. Using panel data analysis of the random effects model, we determined the relationship between board independence and board size and the return on equity (ROE for the period 2010–2015. Results indicate a weak negative correlation between ROE and board size, and a weak, but positive, correlation between ROE and board independence. Additionally, there is a positive, but weak, correlation between ROE and sales growth, but a negative and weak relationship between ROE and firm size. The study suggests that effective corporate governance through a small effective board and monitoring by an independent board result in increased firm financial performance. We recommend that South African companies see compliance with the recommendations of the King IV Code on Corporate Governance not as a liability, but an ethical investment that may likely yield financial benefit in the long-term. Although complying with corporate governance principles does not necessarily translate into a significant economic benefit, firms should, however, continue to adopt corporate governance for ethical reasons to meet stakeholder’s social and environmental needs for sustainable development.

  17. EFFECT OF INTERNATIONAL FINANCIAL REPORTING STANDARD ON CORPORATE PERFORMANCE OF SELECTED BANKS LISTED ON NIGERIA STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    J. N. ELOSIUBA

    2018-03-01

    Full Text Available In the light of globalisation where foreign investment has become trendy, comparability of financial reports of Nigerian firms and those of other firms across the world has become a concern. Nigerian firms has been mandated to adopt the International Financial Reporting Standard (IFRS is their financial reporting.  This study has examined the effect of the IFRS adoption on the reported performance of Nigerian banks listed on the Nigerian Stock Exchange. Eight (8 out of the fourteen (14 quoted banks were selected for the study. Four indices of performance employed in the study are profitability using the Return on Equity, Liquidity using total deposit to total loan, loan grants and then market value measured by Price earnings ratio for the period (2011 and 2012. 2011 represented GAAP era while 2012 stands for IFRS adoption. A comparability index for the banks were computed using the Excel Spreadsheet for each of the banks on each variable. Then the One Sample Test was employed for the analyses. The mean was used to answer the research question while the t-statistics tested the hypotheses. The results showed that mean values for profitability, liquidity and market value are greater in the GAAP era (2011 than in the IFRS period (2012, while loan grant has higher for IFRS period (2012. The t-tested indicated none of the variables had significant effect.  Thus the study concluded that IFRS adopted does not have significant effect on bank performance reported in 2011 and 2012. The use of IFRS for all firms as well as incorporation of IFRS guideline in professional training are recommended by this study.

  18. Assessing the suitability of a partial water reuse system for rearing juvenile Chinook salmon Oncorhynchus tshawytscha for stocking in Washington State

    Science.gov (United States)

    Health and welfare of juvenile Chinook salmon Oncorhynchus tshawytsha reared in a pilot circular tank-based partial water reuse system in Washington State were evaluated in comparison to fish from the same spawn reared in a flow-through raceway, in order to assess the suitability of using water reus...

  19. Salmon vulnerability maps - Effect of Climate Change on Salmon Population Vulnerability

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Steelhead (Oncorhynchus mykiss) and other Pacific salmon are threatened by unsustainable levels of harvest, genetic introgression from hatchery stocks and...

  20. Grande Ronde Basin Chinook Salmon Captive Brood and Conventional Supplementation Programs, 2002 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Carmichael, Richard W. (Oregon Department of Fish and Wildlife, La Grande, OR)

    2003-07-01

    Endangered Species Permit Number 1011 (formerly Permit No. 973) authorizes ODFW to take listed spring chinook salmon juveniles from Catherine Creek (CC), Lostine River (LR) and Grande Ronde River (GR) for research and enhancement purposes. Modification 2 of this permit authorizes ODFW to take adults for spawning and the production and release of smolts for the Captive and Conventional broodstock programs. This report satisfies the requirement that an annual report be submitted. Herein we report on activities conducted and provide cursory data analyses for the Grande Ronde spring chinook salmon Captive and Conventional broodstock projects from 1 January-31 December 2002. The Grande Ronde Basin Spring Chinook Salmon Captive Broodstock Project is designed to rapidly increase numbers of salmon in stocks that are in imminent danger of extirpation. Parr are captured in Catherine Creek, upper Grande Ronde River and Lostine River and reared to adulthood in captivity. Upon maturation, they are spawned (within stocks) and their progeny reared to smoltification before being released into the natal stream of their parents. This program is co-managed by ODFW, National Marine Fisheries Service, the Nez Perce Tribe and Confederated Tribes of the Umatilla Indian Reservation.

  1. Evidence for competition at sea between Norton Sound chum salmon and Asian hatchery chum salmon

    Science.gov (United States)

    Ruggerone, Gregory T.; Agler, B.A.; Nielsen, Jennifer L.

    2012-01-01

    Increasing production of hatchery salmon over the past four decades has led to concerns about possible density-dependent effects on wild Pacific salmon populations in the North Pacific Ocean. The concern arises because salmon from distant regions overlap in the ocean, and wild salmon populations having low productivity may compete for food with abundant hatchery populations. We tested the hypothesis that adult length-at-age, age-at-maturation, productivity, and abundance of a Norton Sound, Alaska, chum salmon population were influenced by Asian hatchery chum salmon, which have become exceptionally abundant and surpassed the abundance of wild chum salmon in the North Pacific beginning in the early 1980s. We found that smaller adult length-at-age, delayed age-at-maturation, and reduced productivity and abundance of the Norton Sound salmon population were associated with greater production of Asian hatchery chum salmon since 1965. Modeling of the density-dependent relationship, while controlling for other influential variables, indicated that an increase in adult hatchery chum salmon abundance from 10 million to 80 million adult fish led to a 72% reduction in the abundance of the wild chum salmon population. These findings indicate that competition with hatchery chum salmon contributed to the low productivity and abundance of Norton Sound chum salmon, which includes several stocks that are classified as Stocks of Concern by the State of Alaska. This study provides new evidence indicating that large-scale hatchery production may influence body size, age-at-maturation, productivity and abundance of a distant wild salmon population.

  2. Liquidity ratios. A structural and dynamic analysis, during 2006-2012, of the companies having the business line in industry and construction, listed and traded on the Bucharest Stock Exchange

    OpenAIRE

    Diana Elena VASIU; Nicolae BALTEȘ; Iulian Nicolae GHEORGHE

    2015-01-01

    Liquidity ratios are used to measure a company’s ability to pay short-term debt, assessing the amount of cash and cash equivalents that it has on the short term. Considering the companies listed on Bucharest Stock Exchange among the best performing, due to the high requirements imposed by a stock market, in this paper has been analyzed the way the financial crisis affected the liquidity of companies listed on BSE, acting in industry and construction domains.

  3. Validation of a freshwater Otolith microstructure pattern for Nisqually Chinook Salmon (Oncorhynchus tshawytscha)

    Science.gov (United States)

    Lind-Null, Angie; Larsen, Kim

    2011-01-01

    The Nisqually Fall Chinook salmon (Oncorhynchus tshawytscha) population is one of 27 stocks in the Puget Sound (Washington) evolutionarily significant unit listed as threatened under the federal Endangered Species Act (ESA). Extensive restoration of the Nisqually River delta ecosystem has taken place to assist in recovery of the stock since estuary habitat is a critical transition zone for juvenile fall Chinook salmon. A pre-restoration baseline that includes the characterization of life history strategies, estuary residence times, growth rates and habitat use is needed to evaluate the potential response of hatchery and natural origin Chinook salmon to restoration efforts and to determine restoration success. Otolith microstructure analysis was selected as a tool to examine Chinook salmon life history, growth and residence in the Nisqually River estuary. The purpose of the current study is to incorporate microstructural analysis from the otoliths of juvenile Nisqually Chinook salmon collected at the downstream migrant trap within true freshwater (FW) habitat of the Nisqually River. The results from this analysis confirmed the previously documented Nisqually-specific FW microstructure pattern and revealed a Nisqually-specific microstructure pattern early in development (“developmental pattern”). No inter-annual variation in the microstructure pattern was visually observed when compared to samples from previous years. Furthermore, the Nisqually-specific “developmental pattern” and the FW microstructure pattern used in combination during analysis will allow us to recognize and separate with further confidence future unmarked Chinook salmon otolith collections into Nisqually-origin (natural or unmarked hatchery) and non-Nisqually origin categories. Freshwater mean increment width, growth rate and residence time were also calculated.

  4. Organic salmon

    DEFF Research Database (Denmark)

    Ankamah Yeboah, Isaac; Nielsen, Max; Nielsen, Rasmus

    . This study identifies the price premium on organic salmon in the Danish retail sale sector using consumer panel scanner data for households by applying the hedonic price model while permitting unobserved heterogeneity between households. A premium of 20% for organic salmon is found. Since this premium...... is closer to organic labeled agriculture products than to ecolabelled capture fisheries products, it indicates that consumers value organic salmon as an agriculture product more than fisheries product....

  5. Snake River sockeye salmon habitat and limnological research, annual report 1998

    International Nuclear Information System (INIS)

    Lewis, Bert

    2000-01-01

    In March of 1990, the Shoshone-Bannock Tribes petitioned the National Marine Fisheries Service (NMFS) to list the Snake River sockeye salmon (Oncorhynchus nerka) as endangered. As a result of that petition the Snake River sockeye salmon was officially listed as endangered in November 1991 under the Endangered Species Act (56 FR 58619). In 1991 the Snake River Sockeye Salmon Habitat and Limnological Research Program was implemented (Project Number 91-71, Intergovernmental Contract Number DE-BI79-91bp22548). This project is part of an inter-agency effort to save the Redfish Lake stock of O. nerka from extinction. This report summarizes activities conducted by Shoshone-Bannock Tribal Fisheries Department personnel during the calendar year of 1998. Project objectives included; (1) monitor over-winter survival and emigration of juvenile anadromous O. nerka released from the captive rearing program into Pettit and Alturas lakes; (2) fertilize Redfish, Pettit, and Alturas lakes; (3) conduct kokanee (non-anadromous O. nerka) population surveys; (4) monitor spawning kokanee escapement and estimate fry recruitment on Fishhook, Alturas Lake, and Stanley Lake creeks; (5) control the number of spawning kokanee in Fishhook Creek; (6) evaluate potential competition and predation between stocked juvenile O. nerka and a variety of fish species in Redfish, Pettit, and Alturas lakes; (7) monitor limnological parameters of Sawtooth Valley lakes to assess lake productivity. Results by objective are summarized

  6. Distribution, feeding and growth of hatchery-reared Atlantic salmon (Salmo salar L. parr stocked into rivers with various abiotic conditions

    Directory of Open Access Journals (Sweden)

    Nikolaev A. M.

    2017-06-01

    Full Text Available Within the research of efficiency of Atlantic salmon the artificial reproduction, feeding rate, distribution and growth of farm-raised one-year-old Atlantic salmon have been examined. The fish has been released into nursery areas with different hydrological characteristics located in the Rivers Kola, Umba, Srednyaya and Akkim in the Murmansk region. The observations have being conducted for 1–5 months since the moment of fish release. In natural habitat, juveniles rapidly distribute downstream and upstream regardless of water temperature, depth and current velocity. In all examined nursery areas adapting one-year-old juveniles prefer to stay at weak current sites close to the shore, hiding in the gravel. In all the cases farmed parr shows high feed rate, but qualitative composition of their food differs significantly from food composition of wild juveniles. Revealed peculiarities of adapting parr's distribution and qualitative food composition indicate the impact of long-term rearing at hatcheries on fish behavior. Growth rate of one-year-old juveniles is arcwise connected with fraction composition of gravel and the level of bottom fouling: the bigger bottom rocks are and the thicker the fouling is, the more intensive fish growth is. The revealed correlations have been described with equations of linear regression. Connections between juvenile growth and water temperature, current velocity and depth of the area have not been detected. The research outcomes could provide a basis for scientific advice for planning release sites and number of released one-year-old Atlantic salmon by hatcheries in the Murmansk region.

  7. Effect of exposure on salmon lice Lepeophtheirus salmonis population dynamics in Faroese salmon farms

    DEFF Research Database (Denmark)

    Patursson, Esbern J.; Simonsen, Knud; Visser, Andre

    2017-01-01

    We assessed variations in salmon lice Lepeophtheirus salmonis population dynamics in Faroese salmon farms in relationship to their physical exposure to local circulation patterns and flushing with adjacent waters. Factors used in this study to quantify physical exposure are estimates...... of the freshwater exchange rate, the tidal exchange rate and dispersion by tidal currents. Salmon farms were ranked according to the rate of increase in the average numbers of salmon lice per fish. In a multiple linear regression, physical exposure together with temperature were shown to have a significant effect...... threshold of salmon stocking numbers for outbreaks of infection. The study presents a simple method of characterizing salmon farming fjords in terms of their different exposure levels and how they relate to potential self-infection at these sites...

  8. The Impact of the Financial Crisis on Earnings Management: Empirical Evidence from the Top 5,000 Non-Listed Stock Italian Companies

    Directory of Open Access Journals (Sweden)

    Francesco Paolone

    2015-07-01

    Full Text Available Account manipulation has been the subject of accounting discussions not only in the U.S. but across the world, especially during times of financial crises. This paper investigates the impact of the recent financial crisis on account manipulation probability by adopting the Beneish Model (1999, 2013 of eight performance ratios. The analysis has been conducted using the Top 5,000 Non-Listed Stock Italian Companies (Società Per Azioni ranked by revenues during the time period 2005-2012. We use the AIDA Bureau Van Dijk database. We test the existence of earnings management (EM within the Top Non-Listed Stock Italian Companies through a comparison between the pre-crisis period (2005-2008 and the crisis period (2009-2012. Our findings show that the number of firms with a higher likelihood of earnings manipulation decreases by 4.53% from the pre-crisis to crisis period. As a consequence, we argue that EM increases when the crisis is weak while EM decreases during the crisis period.

  9. Identification and classification of open book accounting dimensions by considering inter-organizational cost management: A case study of petrochemical companies listed in Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Leila Sadeghi

    2014-02-01

    Full Text Available This study aims to identify and to classify Open book accounting (OBA dimensions according to inter-organizational cost management (IOCM in petrochemical companies listed in Tehran Stock Exchange. In this research, there are 18 statistical society financial and accounting experts listed in Tehran Stock Exchange. By studying the theoretical literature and conducted investigations inside and outside of the country and also the experts’ comments, the OBA dimensions were identified and then classified by analytical hierarchy process technique. According to the studies and experts’ ideas, four dimensions including nature of data and accounting data disclosure practices, uses of disclosed accounting data, conditions of OBA, cost implementation of OBA were identified as OBA dimensions. The results of examinations were shown that, considering the comments on dimensions of nature of data and accounting data disclosure practices, the form of data disclosure plays a more important role. In uses of disclosed accounting data dimension, coordination and planning among team members play the most important role. According to conditions of OBA dimension, trust is the most important one and in cost implementation of OBA dimension, the cost of the other party plays the most important role.

  10. The Influence of Good Corporate Governance Mechanism on Earnings Management: Empirical Study in Indonesian Stock Exchange Listed Company for Periods of 2006-2010

    Directory of Open Access Journals (Sweden)

    Hermiyetti Hermiyetti

    2013-01-01

    Full Text Available The purpose of this research is to examine the influence of good corporate governance mechanism about earnings management in companies listed in Indonesian Stock Exchange during 2006 to 2010. The independent variables include the size of commissioner board, independent commissioner board percentage, size of audit committee, and commissioner meeting frequency. The dependent variable is earnings management which is measured by discretionary revenue model (Stubben, 2010. Size of company is used as the control variable in this research. The population of this research is 465 samples from companies listed at Indonesian Stock Exchange during 2006 to 2010. The sampling method used in this research is purposive sampling method. In addition, the data analysis method used is regression analysis and descriptive statistics. The result of this research indicates that the mechanism of good corporate governance which is represented by the size of commissioner board, independent commissioner board percentage, size of audit committee, and commissioner meeting frequency do not have any significant impact on earnings management. However, the result shows that company size gave positive influence toward earning management. Keywords: Good corporate governance, size of commissioner board, independent commissioner board percentage, size of audit committee, commissioner meeting frequency, earnings management

  11. Salmon Mapper

    Science.gov (United States)

    Information about the web application to assist pesticide users' with an understanding of the spatial extent of certain pesticide use limitations to protect endangered or threatened salmon and steelhead in California, Oregon and Washington.

  12. Evaluation of Fall Chinook and Chum Salmon Spawning below Bonneville Dam; 2004-2005 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    van der Naald, Wayne; Duff, Cameron; Friesen, Thomas A. (Oregon Department of Fish and Wildlife, Clackamas, OR)

    2006-02-01

    Pacific salmon Oncorhynchus spp. populations have declined over the last century due to a variety of human impacts. Chum salmon O. keta populations in the Columbia River have remained severely depressed for the past several decades, while upriver bright (URB) fall Chinook salmon O. tschawytscha populations have maintained relatively healthy levels. For the past seven years we have collected data on adult spawning and juvenile emergence and outmigration of URB fall Chinook and chum salmon populations in the Ives and Pierce islands complex below Bonneville Dam. In 2004, we estimated 1,733 fall Chinook salmon and 336 chum salmon spawned in our study area. Fall Chinook salmon spawning peaked 19 November with 337 redds and chum salmon spawning peaked 3 December with 148 redds. Biological characteristics continue to suggest chum salmon in our study area are similar to nearby stocks in Hardy and Hamilton creeks, and Chinook salmon we observe are similar to upriver bright stocks. Temperature data indicated that 2004 brood URB fall Chinook salmon emergence began on 6 January and ended 27 May 2005, with peak emergence occurring 12 March. Chum salmon emergence began 4 February and continued through 2 May 2005, with peak emergence occurring on 21 March. Between 13 January and 28 June, we sampled 28,984 juvenile Chinook salmon and 1,909 juvenile chum salmon. We also released 32,642 fin-marked and coded-wire tagged juvenile fall Chinook salmon to assess survival. The peak catch of juvenile fall Chinook salmon occurred on 18 April. Our results suggested that the majority of fall Chinook salmon outmigrate during late May and early June, at 70-80 mm fork length (FL). The peak catch of juvenile chum salmon occurred 25 March. Juvenile chum salmon appeared to outmigrate at 40-55 mm FL. Outmigration of chum salmon peaked in March but extended into April and May.

  13. AFSC/FMA/Salmon Genetics From Observer Speimens

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Genetic data of salmon bycatch samples collected by fisheries observers are used for mixed-stock analyses to determine geographic region of origin. This work is done...

  14. A study on the relationship between capital structure and the performance of production market: A case study of firms listed on Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Kobra Sadat Salek Esfahani

    2013-04-01

    Full Text Available One of the most complicated and challenging issues in today's financial managers is the relationship between the components of capital structure in terms of bonds and shares used for financing and share price of their company, and its effects on the macroeconomic variables. This research aims to study the relationship between the capital structure and performance of the production market in some firms listed on Tehran Stock Exchange (TSE. In this research, the index of capital structure is debt ratio and that of production market performance is sales growth and return of assets (ROA. The statistical sample of this research includes 128 companies, which have been active in 11 various industries and listed on TSE over the period 2005-2010. The statistical techniques used to test the hypotheses of this research include correlation coefficient and pooled least squares regression (panel data. Based on the results of our survey, there is a strong and significant relationship between debt ratio and return on assets among the companies listed on TSE and most industries especially based metals at the confidence level of 95%. In contrast, there is no strong and significant relationship between debt ratio and sales growth in the above-mentioned companies and in most industries.

  15. Evaluating Portfolio Performance of Companies€™stock Listed in Lq45 Based on Sharpe, Treynor and Jensen Method

    OpenAIRE

    Tumewu, Ferdinand; Zakarias, Vernando A

    2015-01-01

    Capital market activity has an important role in developing the national economy, in order to enter the financial market, the investor needs to know about the risk in the capital market itself and determine the best stock to be taken. There are three common methods of analysis such as Sharpe ratio, Trenor ratio and Jensen€™s alpha which are sometimes confuse the investor in order to take which one of these three is the better method. This research objective is to identify whether there is a d...

  16. The Influence of R&D Policy on Performance of the Companies Listed with Bucharest Stock Exchange (through Intangible Assets

    Directory of Open Access Journals (Sweden)

    Ion Stancu

    2008-09-01

    Full Text Available In the new economy, R&D potential of the companies (reflected by intangible assets tends to make the difference between competing enterprises. Although investing in tangible assets is still viewed as important, the researchers have discovered that investors on capital market tend to buy stocks of the high-tech companies promoting a policy of increasing R&D expenditures.The results of the present study on the Romanian economy reveals the correlation between the variation of intangible assets of the chemicals and pharmaceuticals companies (high-tech and their performance – reflected by EPS and PER coefficients.

  17. An exploration of the online investor relations (IR practices of companies listed on the Johannesburg Stock Exchange (JSE

    Directory of Open Access Journals (Sweden)

    Leana Esterhuyse

    2016-05-01

    Full Text Available Prior research has found that having better investor relations (IR practices contributes towards improved share prices, liquidity of shares and analyst following. The main aim of this study was to determine the extent to which JSE-listed companies comply with international best practice guidelines for IR practices via the company’s website. A secondary objective was to arrive at an opinion regarding the stage of internet adoption for IR practices in which JSE-listed companies find themselves, based on Hedlin’s (1999 three-stage model. A checklist of 201 items was used to assess the websites of 205 JSE-listed companies from the beginning of July to mid-September 2012. The average online IR score for all 205 companies was found to be disappointing, although the top 100 companies in South Africa performed better than companies in other emerging and developing economies, but worse than companies in advanced economies, where size is probably the main differentiator. Bandwidth is also a constraining factor for online IR quality in South Africa. We conclude that instead of moving towards stage III (HTML, video and audio of Hedlin’s model (1999, JSE listed companies still seem to find themselves in stage II (paper-equivalent PDF’s. This should concern Chief Financial Officers (CFOs, as effective and efficient communication with investors could contribute towards attaining optimal share prices and improved liquidity and analyst following.

  18. A survey on relationship between capital structure, free cash flow and diversification and firm performance of listed companies in Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Mohammad Khodaei Valahzaghard

    2014-10-01

    Full Text Available This paper presents an empirical investigation to study the effects of free cash flow, share diversification and capital structure on Tobin-Q in selected firms on Tehran Stock Exchange. The population of the survey includes 520 firms listed on this exchange until year 2012 and the survey uses a sample of 105 firms, randomly. The study uses the models originally developed by Palepu (1985 [Palepu, K. (1985. Diversification strategy, profit performance and the entropy measure. Strategic Management Journal, 6(3, 239-255.] to measure the effects of different factors on Tobin Q. The study has indicated that while capital structure and free cash flow influence positively on Tobin Q, diversification has maintained a negative and meaningful relationship with Tobin Q.

  19. ANALYSIS OF EFFECT OF PROFITABILITY, ASSETS STRUCTURE, SIZE OF COMPANIES, AND LIQUIDITY TO CAPITAL STRUCTURES IN MINING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE PERIOD 2012 - 2015

    Directory of Open Access Journals (Sweden)

    Gatot Nazir Ahmad

    2017-09-01

    Full Text Available The purpose of this study is to analyze the effect of profitability, structure assets, firm size and liquidity to the capital structure of mining companies listed on the Indonesia Stock Exchange for the period 2012-2015. Sampling technique using purpose sampling. Data analysis technique used in this research is panel data regression. The results showed that partially profitability had negative and significant effect to capital structure, asset structure had positive and significant effect to capital structure, firm size had positive and significant effect to capital structure, and liquidity had negative and significant effect to capital structure. Simultaneously profitability, asset structure, firm size and liquidity have a significant effect on capital structure.

  20. STUDY ON DISCLOSURE LEVEL OF COMPANIES LISTED ON THE BUCHAREST STOCK EXCHANGE IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS: THE CASE OF INTANGIBLE ASSETS

    Directory of Open Access Journals (Sweden)

    CĂTĂLINA GORGAN

    2014-05-01

    Full Text Available In the context of economic globalization, the need for high quality financial information has become a desiderate. Accounting met such needs through a set of high quality standards, the International Financial Reporting Standards. Their global imposing, either through adoption or convergence, make its contribution to proper functioning of capital markets and even of the entire economy. The quality of financial reporting, however, is the result of how they are applied in each country or company. The objective of our study is to analyze the disclosure level of companies listed at Bucharest Stock Exchange (BSE in compliance with the presentation requirements of the international accounting standard IAS 38 “Intangible assets”. The empirical study revealed a significant level of non-compliance. In order to determine the degree of compliance with international accounting referential we built a disclosure index. Four hypothesis were tested in order to identify the factors that influence the disclosure level.

  1. Using Benford’s Law to detect data error and fraud: An examination of companies listed on the Johannesburg Stock Exchange

    Directory of Open Access Journals (Sweden)

    A Saville

    2014-06-01

    Full Text Available Accounting numbers generally obey a mathematical law called Benford’s Law, and this outcome is so unexpected that manipulators of information generally fail to observe the law. Armed with this knowledge, it becomes possible to detect the occurrence of accounting data that are presented fraudulently. However, the law also allows for the possibility of detecting instances where data are presented containing errors. Given this backdrop, this paper uses data drawn from companies listed on the Johannesburg Stock Exchange to test the hypothesis that Benford’s Law can be used to identify false or fraudulent reporting of accounting data. The results support the argument that Benford’s Law can be used effectively to detect accounting error and fraud. Accordingly, the findings are of particular relevance to auditors, shareholders, financial analysts, investment managers, private investors and other users of publicly reported accounting data, such as the revenue services

  2. Snake River sockeye salmon habitat and limnological research, annual report 1999

    International Nuclear Information System (INIS)

    Griswold, Robert G.

    2001-01-01

    In March 1990, the Shoshone-Bannock Tribes petitioned the National Marine Fisheries Service (NMFS) to list the Snake River sockeye salmon (Oncorhynchus nerka) as endangered. As a result of that petition the Snake River sockeye salmon was officially listed as endangered in November 1991 under the Endangered Species Act (56 FR 58619). In 1991 the Snake River Sockeye Salmon Habitat and Limnological Research Program was implemented (Project Number 91-71, Intergovernmental Contract Number DE-BI79-91bp22548). This project is part of an interagency effort to prevent the extinction of the Redfish Lake stock of O. nerka. The Bonneville Power Administration (BPA) provides funding for this inter-agency recovery program through the Northwest Power Planning Council Fish and Wildlife Program (NPPCFWP). Collaborators in the recovery effort include the National Marine Fisheries Service (NMFS), the Idaho Department of Fish and Game (IDFG), the University of Idaho (UI), U.S. Forest Service (USFS), and the Shoshone-Bannock Tribe (SBT). This report summarizes activities conducted by Shoshone-Bannock Tribal Fisheries Department personnel during the 1999 calendar year. Project objectives include: (1) monitor over-winter survival and emigration of juvenile anadromous O. nerka stocked from the captive rearing program; (2) fertilize Pettit, and Alturas lakes, fertilization of Redfish Lake was suspended for this year; (3) conduct kokanee (nonanadromous O. nerka) population surveys; (4) monitor spawning kokanee escapement and estimate fry recruitment on Fishhook, Alturas Lake, and Stanley Lake creeks; (5) evaluate potential competition and predation interactions between stocked juvenile O. nerka and a variety of fish species in Redfish, Pettit, and Alturas lakes; (6) examine diet of emigrating O. nerka smolts; (7) monitor limnological parameters of Sawtooth Valley lakes to assess lake productivity

  3. Snake River Sockeye Salmon Habitat and Limnological Research; 2001 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Kohler, Andre E.; Taki, Doug (Shoshone-Bannock Tribes, Fort Hall, ID); Griswold, Robert G. (Biolines, Stanley, ID)

    2004-08-01

    In March 1990, the Shoshone-Bannock Tribes petitioned the National Marine Fisheries Service (NMFS) to list the Snake River sockeye salmon Oncorhynchus nerka as endangered. As a result of that petition the Snake River sockeye salmon was officially listed as endangered in November 1991 under the Endangered Species Act (56 FR 58619). In 1991, the Snake River Sockeye Salmon Habitat and Limnological Research Program was implemented (Project Number 91-71, Intergovernmental Contract Number DE-BI79-91bp22548). This project is part of an interagency effort to prevent the extinction of the Redfish Lake stock of O. nerka. The Bonneville Power Administration (BPA) provides funding for this interagency recovery program through the Northwest Power Planning Council Fish and Wildlife Program (Council). Collaborators in the recovery effort include the National Marine Fisheries Service (NMFS), the Idaho Department of Fish and Game (IDFG), the University of Idaho (UI), U.S. Forest Service (USFS), and the Shoshone-Bannock Tribe (SBT). This report summarizes activities conducted by Shoshone-Bannock Tribal Fisheries Department personnel during the 2001 calendar year. Project objectives include: (1) monitor over-winter survival and emigration of juvenile anadromous O. nerka stocked from the captive rearing program; (2) fertilize Redfish Lake, fertilization of Pettit and Alturas lakes was suspended for this year; (3) conduct kokanee (non-anadromous O. nerka) population surveys; (4) monitor spawning kokanee escapement and estimate fry recruitment on Fishhook, Alturas Lake, and Stanley Lake creeks; (5) evaluate potential competition and predation interactions between stocked juvenile O. nerka and a variety of fish species in Redfish, Pettit, and Alturas lakes; (6) monitor limnological parameters of Sawtooth Valley lakes to assess lake productivity.

  4. Salmon's Laws.

    Science.gov (United States)

    Shannon, Thomas A.

    1994-01-01

    Presents Paul Salmon's old-fashioned, common-sense guidelines for success in practical school administration. The maxims advise on problem ownership; the value of selective neglect; the importance of empowerment, enthusiasm, and effective communication; and the need for positive reinforcement, cultivation of support, and good relations with media,…

  5. The Influence of Profıtabılıty and Debt Ratıo Toward the Value of Stock Medıated by the Issuer’s Actıon (Empirical Study on Fishery Companies listed on the Indonesia Stock Exchange period 2008 – 2014

    Directory of Open Access Journals (Sweden)

    Tigor Sitorus

    2016-04-01

    Full Text Available This study aims to extend a model empirical research from the direct effect of the influencing of profitability and the debt ratio toward the Value of stock  to be a new model empirical research of  the mediating effect of Issuer’s action upon the influencing of profitability and debt ratio toward Value of stock. This research was conducted at the  Fishery Company listed in Indonesia Stock exchange period from  2008 to 2014. Structural Equation Model (SEM by AMOS software 22.00 was used to analyze the data, and the result shows high goodness of fit while the simultaneous and individual tests generate significant result. The result of analysis shows that: (1 the Profitability gives significantly positive influence to Issuer’s Action, (2; the Profitability gives significantly positive influence toValue of stock , (3 the Debt Ratio gives significantly negative influence to Issuer’s Action,  (4; the Debt Ratio gives significantly negative influence to  Value of stock , (5; the Issuer’s Action gives significantly  positive influence to Value of stock , therefore the mediated effect of Issuer’s Action has more strength compared to direct effect of the Profitability and the Debt Ratio toward the Value of stock, so we may conclude that the result evidently shows the Issuer’s Action was able to mediate the influence of profitability and debt ratio toward Value of stock.

  6. Effect of Family Ownership towards Tax Aggressiveness on Food and Beverages Industrial Company Listed in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Sunaryo Sunaryo

    2016-05-01

    Full Text Available The primary objectives of this research were to learn the effects of family ownership, return on assets, leverage, property plant, and equipment with tax aggressiveness, either simultaneously or partially. This research used quantitative method with secondary data collected by purposive sampling from foods and beverages industrial companies group listed in IDX and preceding journals of scientific articles research. This research used simple regression to test the hypothesis simultaneously with F test and t test for testing the partial hypothesis. Results of this research show that family ownership, return on assets, leverage, and property, plat, and equipment have affected tax aggressiveness simultaneously and significantly. The family ownership and property, plant and equipment have significant effects to tax aggressiveness, but the return on assets and leverage do not have significant effects to tax aggressiveness.

  7. Factors Affecting the Survival of Upstream Migrant Adult Salmonids in the Columbia River Basin : Recovery Issues for Threatened and Endangered Snake River Salmon : Technical Report 9 of 11.

    Energy Technology Data Exchange (ETDEWEB)

    Dauble, Dennis D.; Mueller, Robert P.

    1993-06-01

    The Bonneville Power Administration (BPA) is developing conservation planning documentation to support the National Marine Fisheries Service`s (NMFS) recovery plan for Columbia Basin salmonid stocks that are currently listed under the Endangered Species Act (ESA). Information from the conservation planning documentation will be used as a partial scientific basis for identifying alternative conservation strategies and to make recommendations toward conserving, rebuilding, and ultimately removing these salmon stocks from the list of endangered species. This report describes the adult upstream survival study, a synthesis of biological analyses related to conditions affecting the survival of adult upstream migrant salmonids in the Columbia River system. The objective of the adult upstream survival study was to analyze existing data related to increasing the survival of adult migrant salmonids returning to the Snake River system. The fate and accountability of each stock during its upstream migration period and the uncertainties associated with measurements of escapement and survival were evaluated. Operational measures that affected the survival of adult salmon were evaluated including existing conditions, augmented flows from upstream storage release, and drawdown of mainstem reservoirs. The potential impacts and benefits of these measures to each ESA stock were, also described based on considerations of species behavior and run timing.

  8. Linking individual migratory behaviour of Atlantic salmon to their genetic origin

    DEFF Research Database (Denmark)

    Jepsen, Niels; Eg Nielsen, Einar; Deacon, M.

    2005-01-01

    (Salmo salar) in a Danish lowland river. The river has a small population of native salmon, but salmon juveniles from Irish, Scottish and Swedish populations have been stocked and return as adults. A total of 39 salmon were caught by electrofishing and tagged by surgical implantation. A tissue sample......Many stocks of fish consist of mixtures of individuals originating from different populations. This is particularly true for many salmon and trout stocks, where fish of different genetic background are being found in the same rivers and/or lakes due to stocking activities or straying caused...... by increased aquaculture activities. The interpretation of results from studies of survival and behaviour of fish from such “mixed stocks” require information of the genetic background of individual fish. We used genetic analysis combined with radiotelemetry to study upstream migration of Atlantic salmon...

  9. Instream flow characterization of upper Salmon River Basin streams, Central Idaho, 2003

    Science.gov (United States)

    Maret, Terry R.; Hortness, Jon E.; Ott, Douglas S.

    2004-01-01

    Anadromous fish populations in the Columbia River Basin have plummeted in the last 100 years. This severe decline led to Federal listing of chinook salmon (Oncorhynchus tshawytscha) and steelhead trout (Oncorhynchus mykiss) stocks as endangered or threatened under the Endangered Species Act (ESA) in the 1990s. Historically, the upper Salmon River Basin (upstream from the confluence with the Pahsimeroi River) in Idaho provided migration corridors and significant habitat for these ESA-listed species, in addition to the federally listed bull trout (Salvelinus confluentus). Human development has modified the original streamflow conditions in many streams in the upper Salmon River Basin. Summer streamflow modifications, as a result of irrigation practices, have directly affected the quantity and quality of fish habitat and also have affected migration and (or) access to suitable spawning and rearing habitat for these fish. As a result of these ESA listings and Action 149 of the Federal Columbia River Power System Biological Opinion of 2000, the Bureau of Reclamation was tasked to conduct streamflow characterization studies in the upper Salmon River Basin to clearly define habitat requirements for effective species management and habitat restoration. These studies include the collection of habitat and streamflow information for the Physical Habitat Simulation (PHABSIM) model, a widely applied method to determine relations between habitat and discharge requirements for various fish species and life stages. Model results can be used by resource managers to guide habitat restoration efforts in the evaluation of potential fish habitat and passage improvements by increasing streamflow. Instream flow characterization studies were completed on Pole, Fourth of July, Elk, and Valley Creeks during 2003. Continuous streamflow data were collected upstream from all diversions on each stream. In addition, natural summer streamflows were estimated for each study site using regression

  10. The application of “fair value” accounting standards to the income statements of companies listed in the Portuguese Stock Index-20 (PSI-20

    Directory of Open Access Journals (Sweden)

    Tiago Cardão-Pito

    2016-06-01

    Full Text Available Purpose – “Fair value” accounting standards are not consensual. Supporters claim that they offer a methodology to find the “correct” value of accounting items, whereas critics contend that “fair value” accounting reduces the reliability of financial statements through a complex and unpractical method based on subjective information. Still, the impacts of “fair value” accounting upon taxes and public revenues are rarely discussed. Design/methodology/approach – The Portuguese case allows us to study taxation and public revenues. Through European Union norms, “fair value” standards have become mandatory after 2005 for companies listed in European stock-exchanges. Nevertheless, Portuguese corporate tax law was reformulated in 2010 to strongly restrict the use of “fair value” for taxation purposes. We study the use of “fair value” in the Income Statements of the largest companies listed in the Portuguese exchange between 2005 and 2012. Findings – If Portugal had not adopted “fair value” standards, its tax revenue would have been higher. Over all analyzed years and in almost all studied companies, average “fair value” adjustments are negative. Although a statistical association between negative adjustments and the economic cycle was found, this statistical association is not very strong. Therefore, the economic cycle cannot be used as the only explanation for the use of “fair value”. Originality/value – This paper demonstrates that discussions concerning the “fair value” accounting method must not ignore its possible impacts on government taxes and public revenue.

  11. Corporate social responsibility disclosure—choices of report and its determinants: Empirical evidence from firms listed on the Stock Exchange of Thailand

    Directory of Open Access Journals (Sweden)

    Suneerat Wuttichindanon

    2017-05-01

    Full Text Available This research investigated the report choices used for corporate social responsibility (CSR disclosure and the determinants of CSR disclosure of firms listed on the Stock Exchange of Thailand (SET. Since 2014, firms listed on the SET have been required to disclose CSR in either an annual registration statement or a separate report called a sustainability report. It was, therefore, noteworthy to examine the choices these firms chose in the first year of disclosure. The independent variables were hypothesized under three dimensions—shareholder power (government ownership, corporate visibility (firm size and age, and economic performance (profitability and leverage. The results revealed that government-owned firms or large firms are more likely to prefer the sustainability report. In addition, content analysis of CSR disclosure was conducted in three industries: resources, technology and industrial products. Nine CSR components with 43 indices were developed and used to score the disclosure of firms in the three industries. The three highest CSR disclosure items found were declaring concerns of human rights and equality, having a policy of anti-corruption, and generous giving. Moreover, this study found a positive relationship between the number of CSR disclosure items and government ownership; however, neither firm age nor economic performance in the year before was related to the CSR disclosure. These research findings support the proposition of the stakeholder theory affirming that firms carry out CSR activities because of their stakeholders' influence, and regardless of economic performance. In Thailand, stakeholders' influence and corporate visibility are significant determinants of the CSR disclosure.

  12. The Effect of Intellectual Capital on A Company's Performance Moderated by ITS Governance and IT Strategy Integration Employed By Bank Listed in Indonesian Stock Exchange

    Directory of Open Access Journals (Sweden)

    Dodi Wirawan Irawanto

    2017-10-01

    Full Text Available This study investigates whether IT integration and company governance can affect the relationship between intellectual capital and company performance in the Indonesian banking sector. That could happen, as there are ever tighter and more numerous competitiveness levels in the banking sector, especially in the field of information technology (IT and the support given by the top management. This study employs data from 33 banking companies listed on the ISE (Indonesian Stock Exchange in 2013–2014. The testing was done on the elements of VAICTM (VACA, VAHU, STVA, moderated by IT strategy integration (ITSI and corporate governance (DK using the measurement of financial performance (ROA. The findings obtained show that VAHU has a positive effect on financial performance. If the VAICTM element were moderated by ITSI, then a well-integrated IT strategy would weaken the relationship between VACA and banking performance. The limitations of this study lie in the period of the data used, which is limited to 2013–2014, and in that the component used for testing was done in isolation. 

  13. THE INFLUENCE OF PROFITABILITY, LIQUIDITY, AND DEBT TO THE DIVIDEND PAYOUT RATIO IN MANUFACTURING COMPANY (LISTED IN INDONESIAN STOCK EXCHANGE FROM 2008-2010

    Directory of Open Access Journals (Sweden)

    Putri Kartika Sari

    2015-11-01

    Full Text Available AbstractThis research analyzes the influence of profitability, liquidity, and debt to dividend payout ratio in manufacturing companies in Indonesia. The samples consist of 102 companies listed in Indonesian Stock Exchange during the period of 2008-2010. This research tests three hypotheses related to the influence of profitability, liquidity, and debt toward the dividend payout ratio (DPR. Data obtained were analyzed by using multiple regression analysis. The results of this research indicate that: (1 profitability ratio (ROI has positively significant influence to dividend payout ratio. (2 Liquidity ratio (QR does not significantly influence to dividend payout ratio. (3 Debt ratio (DER does not significantly influence to dividend payout ratio.Keywords: profitability, liquidity, debt, Dividend Payout Ratio (DPR, manufacturing company.AbstrakPenelitian ini bertujuan untuk menganalisis pengaruh profitabilitas, likuiditas, dan utang terhadap rasio pembayaran dividen dalam perusahaan-perusahaan manufaktur di Indonesia. Sampel terdiri dari 102 perusahaan yang terdaftar di Bursa saham Indonesia selama periode tahun 2008-2010. Penelitian ini menguji tiga hipotesa yang berkaitan dengan pengaruh profitabilitas, likuiditas, dan utang terhadap rasio pembayaran dividen (DPR. Data yang diperoleh dianalisis dengan menggunakan analisis regresi. Hasil dari penelitian ini menunjukkan bahwa: (1 profitabilitas rasio (ROI memiliki pengaruh positif dan signifikan terhadap rasio pembayaran dividen. (2 rasio likuiditas (QR tidak berpengaruh terhadap rasio pembayaran dividen. (3 Rasio hutang (DER tidak berpengaruh atas rasio pembayaran dividen.Kata kunci: profitabilitas, likuiditas, utang, rasio pembayaran dividen (DPR, manufaktur perusahaan.

  14. Discovering Alaska's Salmon: A Children's Activity Book.

    Science.gov (United States)

    Devaney, Laurel

    This children's activity book helps students discover Alaska's salmon. Information is provided about salmon and where they live. The salmon life cycle and food chains are also discussed. Different kinds of salmon such as Chum Salmon, Chinook Salmon, Coho Salmon, Sockeye Salmon, and Pink Salmon are introduced, and various activities on salmon are…

  15. Juvenile salmon usage of the Skeena River estuary.

    Science.gov (United States)

    Carr-Harris, Charmaine; Gottesfeld, Allen S; Moore, Jonathan W

    2015-01-01

    Migratory salmon transit estuary habitats on their way out to the ocean but this phase of their life cycle is more poorly understood than other phases. The estuaries of large river systems in particular may support many populations and several species of salmon that originate from throughout the upstream river. The Skeena River of British Columbia, Canada, is a large river system with high salmon population- and species-level diversity. The estuary of the Skeena River is under pressure from industrial development, with two gas liquefaction terminals and a potash loading facility in various stages of environmental review processes, providing motivation for understanding the usage of the estuary by juvenile salmon. We conducted a juvenile salmonid sampling program throughout the Skeena River estuary in 2007 and 2013 to investigate the spatial and temporal distribution of different species and populations of salmon. We captured six species of juvenile anadromous salmonids throughout the estuary in both years, and found that areas proposed for development support some of the highest abundances of some species of salmon. Specifically, the highest abundances of sockeye (both years), Chinook in 2007, and coho salmon in 2013 were captured in areas proposed for development. For example, juvenile sockeye salmon were 2-8 times more abundant in the proposed development areas. Genetic stock assignment demonstrated that the Chinook salmon and most of the sockeye salmon that were captured originated from throughout the Skeena watershed, while some sockeye salmon came from the Nass, Stikine, Southeast Alaska, and coastal systems on the northern and central coasts of British Columbia. These fish support extensive commercial, recreational, and First Nations fisheries throughout the Skeena River and beyond. Our results demonstrate that estuary habitats integrate species and population diversity of salmon, and that if proposed development negatively affects the salmon populations that

  16. Reintroduction of Lower Columbia River Chum Salmon into Duncan Creek, 2007 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Hillson, Todd D. [Washington Department of Fish and Wildlife

    2009-06-12

    The National Marine Fisheries Service (NMFS) listed Lower Columbia River (LCR) chum salmon as threatened under the Endangered Species Act (ESA) in March, 1999 (64 FR 14508, March 25, 1999). The listing was in response to the reduction in abundance from historical levels of more than one-half million returning adults to fewer than 10,000 present-day spawners. Harvest, habitat degradation, changes in flow regimes, riverbed movement and heavy siltation have been largely responsible for this decline. The timing of seasonal changes in river flow and water temperatures is perhaps the most critical factor in structuring the freshwater life history of this species. This is especially true of the population located directly below Bonneville Dam, where hydropower operations can block access to spawning sites, dewater redds, strand fry, cause scour or fill of redds and increase sedimentation of spawning gravels. Prior to 1997, only two chum salmon populations were recognized as genetically distinct in the Columbia River, although spawning had been documented in many Lower Columbia River tributaries. The first population was in the Grays River (RKm 34), a tributary of the Columbia River, and the second was a group of spawners utilizing the mainstem Columbia River just below Bonneville Dam (RKm 235) adjacent to Ives Island and in Hardy and Hamilton creeks. Using additional DNA samples, Small et al. (2006) grouped chum salmon spawning in the mainstem Columbia River and the Washington State tributaries into three groups: the Coastal, the Cascade and the Gorge. The Coastal group comprises those spawning in the Grays River, Skamokawa Creek and the broodstock used at the Sea Resources facility on the Chinook River. The Cascade group comprises those spawning in the Cowlitz (both summer and fall stocks), Kalama, Lewis, and East Fork Lewis rivers, with most supporting unique populations. The Gorge group comprises those spawning in the mainstem Columbia River from the I-205 Bridge up to

  17. Using the Idea of Market-Expected Return Rates on Invested Capital in the Verification of Conformity of Market Evaluation of Stock-Listed Companies with their Intrinsic Value

    Directory of Open Access Journals (Sweden)

    Paweł Mielcarz

    2012-12-01

    Full Text Available This article presents the concept of investor-expected rates of return on capital of listed companies and the use of these rates in the assessment of the extent to which the stock evaluation of a given entity is compatible with its intrinsic value. The article also features results of the research aimed at verification – with the use of the presented tool – of whether the market value of WSE-listed companies reflects their fundamental value. The calculations presented in the empirical part of the article show that at the beginning of 2011, market evaluation of the most of the analysed entities greatly exceeded their fundamental value.

  18. Analysis of Market Risk, Financial Leverage, and Firm Size Toward Stock Return on Non-banking Companies Listed in Lq45 Index of Idx

    OpenAIRE

    Tumewu, Ferdinand; Pangemanan, Sifrid S.; Koluku, Rini Feronica

    2015-01-01

    In the world of investment, one underlies the decision of investors is stock returns that are depend on many factors. The purpose of this study was to analyze the effect of Market Risk, Financial Leverage, and Firm Size to Stock Return. By counting these factors, investors can see the effect of stock returns are important in decision making. The research methods associative with regression analysis and classical assumption techniques that include normality, multicollinearity, heteroscedastici...

  19. Trading network predicts stock price.

    Science.gov (United States)

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi

    2014-01-16

    Stock price prediction is an important and challenging problem for studying financial markets. Existing studies are mainly based on the time series of stock price or the operation performance of listed company. In this paper, we propose to predict stock price based on investors' trading behavior. For each stock, we characterize the daily trading relationship among its investors using a trading network. We then classify the nodes of trading network into three roles according to their connectivity pattern. Strong Granger causality is found between stock price and trading relationship indices, i.e., the fraction of trading relationship among nodes with different roles. We further predict stock price by incorporating these trading relationship indices into a neural network based on time series of stock price. Experimental results on 51 stocks in two Chinese Stock Exchanges demonstrate the accuracy of stock price prediction is significantly improved by the inclusion of trading relationship indices.

  20. Occupational safety and health aspects of corporate social responsibility (CSR) in Japanese companies listed on the Tokyo Stock Exchange (TSE) first section.

    Science.gov (United States)

    Kawashita, Futoshi; Taniyama, Yukari; Hwi, Song You; Fujisaki, Takeshi; Kameda, Takashi; Mori, Koji

    2005-11-01

    Recently, corporate social responsibility (CSR) is becoming widely recognized as an issue for Japanese companies. Corporate responsibility for employees is considered important by various stakeholders, and occupational safety and health is regarded as one of these responsibilities. The present authors examined this issue from the viewpoint of corporate management by analysis of statements found in CSR-related reports. For companies listed on the First Section of the Tokyo Stock Exchange (TSE), we searched for CSR-related reports, and titles and contents, based on two established guidelines: the GRI Sustainability Reporting Guidelines 2002 as the international reference and the Environmental Reporting Guidelines of the Ministry of the Environment, Government of Japan, as the domestic reference. Corporations that published CSR reports were 26.3% (416/1,581) of the total, and large differences were recognized by type of industry. Comparing the numbers of pages for various contents, more concern was shown about the environment than about social activity, indicating the environment to be the main issue of CSR in Japan. In the items included in the guidelines, many matters about occupational accidents were mentioned, but it was found that statements regarding HIV/AIDS, which is not of such strong social concern in Japan, and statements regarding the costs of safety that are difficult to calculate were few. However, statements regarding mental health, which is of high interest socially, were many, even though this issue is not included in the two guidelines used. In revising the guidelines, these matters should be reviewed. In the future, continuance of analysis of CSR-related reports with regard to changes and comparisons with overseas reports will help improve occupational safety and health.

  1. Columbia River basin fish and wildlife program strategy for salmon

    International Nuclear Information System (INIS)

    Ruff, J.; Fazio, J.

    1993-01-01

    Three species of Snake River salmon have been listed as threatened or endangered under the federal Endangered Species Act. In response, the Northwest Power Planning Council worked with the states of Idaho, Montana, Oregon and Washington, Indian tribes, federal agencies and interest groups to address the status of Snake River salmon runs in a forum known as the Salmon Summit. The Summit met in 1990 and 1991 and reached agreement on specific, short-term actions. When the Summit disbanded in April 1991, responsibility for developing a regional recovery plan for salmon shifted to the Council. The Council responded with a four-phased process of amending its Columbia River Basin Fish and Wildlife Program. The first three phases. completed in September 1992, pertain to salmon and steelhead. Phase four, scheduled for completion in October 1993, will take up issues of resident fish and wildlife. This paper deals with the first three phases, collectively known as Strategy for Salmon

  2. Light Experiment data - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the early 1990s, Redfish Lake sockeye salmon from the Sawtooth Basin in Idaho were on the brink of extinction, and they were listed as endangered under the US...

  3. Fish Culture data - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Gene rescue captive broodstock program was established for ESA-listed endangered Snake River sockeye salmon from Redfish Lake, Idaho. The program has consisted of...

  4. Spawning data - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Gene rescue captive broodstock program was established for ESA-listed endangered Snake River sockeye salmon from Redfish Lake, Idaho. The program has consisted of...

  5. Production data - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Gene rescue captive broodstock program was established for ESA-listed endangered Snake River sockeye salmon from Redfish Lake, Idaho. The program has consisted of...

  6. Growth data - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Gene rescue captive broodstock program was established for ESA-listed endangered Snake River sockeye salmon from Redfish Lake, Idaho. The program has consisted of...

  7. Broodyear data - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Gene rescue captive broodstock program was established for ESA-listed endangered Snake River sockeye salmon from Redfish Lake, Idaho. The program has consisted of...

  8. Fish Health data - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the early 1990s, Redfish Lake sockeye salmon from the Sawtooth Basin in Idaho were on the brink of extinction, and they were listed as endangered under the US...

  9. Social Behavior - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the early 1990s, Redfish Lake sockeye salmon from the Sawtooth Basin in Idaho were on the brink of extinction, and they were listed as endangered under the US...

  10. Using grizzly bears to assess harvest-ecosystem tradeoffs in salmon fisheries.

    Science.gov (United States)

    Levi, Taal; Darimont, Chris T; Macduffee, Misty; Mangel, Marc; Paquet, Paul; Wilmers, Christopher C

    2012-01-01

    Implementation of ecosystem-based fisheries management (EBFM) requires a clear conceptual and quantitative framework for assessing how different harvest options can modify benefits to ecosystem and human beneficiaries. We address this social-ecological need for Pacific salmon fisheries, which are economically valuable but intercept much of the annual pulse of nutrient subsidies that salmon provide to terrestrial and aquatic food webs. We used grizzly bears, vectors of salmon nutrients and animals with densities strongly coupled to salmon abundance, as surrogates for "salmon ecosystem" function. Combining salmon biomass and stock-recruitment data with stable isotope analysis, we assess potential tradeoffs between fishery yields and bear population densities for six sockeye salmon stocks in Bristol Bay, Alaska, and British Columbia (BC), Canada. For the coastal stocks, we find that both bear densities and fishery yields would increase substantially if ecosystem allocations of salmon increase from currently applied lower to upper goals and beyond. This aligning of benefits comes at a potential cost, however, with the possibility of forgoing harvests in low productivity years. In contrast, we detect acute tradeoffs between bear densities and fishery yields in interior stocks within the Fraser River, BC, where biomass from other salmon species is low. There, increasing salmon allocations to ecosystems would benefit threatened bear populations at the cost of reduced long-term yields. To resolve this conflict, we propose an EBFM goal that values fisheries and bears (and by extension, the ecosystem) equally. At such targets, ecosystem benefits are unexpectedly large compared with losses in fishery yields. To explore other management options, we generate tradeoff curves that provide stock-specific accounting of the expected loss to fishers and gain to bears as more salmon escape the fishery. Our approach, modified to suit multiple scenarios, provides a generalizable method

  11. Using grizzly bears to assess harvest-ecosystem tradeoffs in salmon fisheries.

    Directory of Open Access Journals (Sweden)

    Taal Levi

    Full Text Available Implementation of ecosystem-based fisheries management (EBFM requires a clear conceptual and quantitative framework for assessing how different harvest options can modify benefits to ecosystem and human beneficiaries. We address this social-ecological need for Pacific salmon fisheries, which are economically valuable but intercept much of the annual pulse of nutrient subsidies that salmon provide to terrestrial and aquatic food webs. We used grizzly bears, vectors of salmon nutrients and animals with densities strongly coupled to salmon abundance, as surrogates for "salmon ecosystem" function. Combining salmon biomass and stock-recruitment data with stable isotope analysis, we assess potential tradeoffs between fishery yields and bear population densities for six sockeye salmon stocks in Bristol Bay, Alaska, and British Columbia (BC, Canada. For the coastal stocks, we find that both bear densities and fishery yields would increase substantially if ecosystem allocations of salmon increase from currently applied lower to upper goals and beyond. This aligning of benefits comes at a potential cost, however, with the possibility of forgoing harvests in low productivity years. In contrast, we detect acute tradeoffs between bear densities and fishery yields in interior stocks within the Fraser River, BC, where biomass from other salmon species is low. There, increasing salmon allocations to ecosystems would benefit threatened bear populations at the cost of reduced long-term yields. To resolve this conflict, we propose an EBFM goal that values fisheries and bears (and by extension, the ecosystem equally. At such targets, ecosystem benefits are unexpectedly large compared with losses in fishery yields. To explore other management options, we generate tradeoff curves that provide stock-specific accounting of the expected loss to fishers and gain to bears as more salmon escape the fishery. Our approach, modified to suit multiple scenarios, provides a

  12. Modelling the return distribution of salmon farming companies : a quantile regression approach

    OpenAIRE

    Jacobsen, Fredrik

    2017-01-01

    The salmon farming industry has gained increased attention from investors, portfolio managers, financial analysts and other stakeholders the recent years. Despite this development, very little is known about the risk and return of salmon farming company stocks, and especially how the relationship between risk and return varies under different market conditions, given the volatile nature of the salmon farming industry. We approach this problem by using quantile regression to examine the relati...

  13. Snake River Sockeye Salmon Habitat and Limnological Research; 1993 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Teuscher, David (Shoshone-Bannock Tribes, Fort Hall, ID); Wurtsbaugh, Wayne A. (Utah State University, Department of Fisheries and Wildlife, Ecology Center and Watershed Science Unit); Taki, Doug (Shoshone-Bannock Tribes, Fort Hall, ID)

    1994-06-01

    In 1990 the Shoshone-Bannock Tribes (SBT) petitioned the National Marine Fisheries Service (NMFS) to list Snake River Sockeye salmon as endangered. As a result, Snake River Sockeye were listed and the Bonneville Power Administration (BPA) began funding efforts to enhance sockeye stocks. Recovery efforts include development of a brood stock program, genetics work, describing fish community dynamics in rearing lakes, and completing limnology studies. The SBT, in cooperation with Idaho Department of Fish and Game (IDFG), are directing fish community and limnology studies. IDFG is managing the brood stock program. The University of Idaho and NMFS are completing genetics work. Part I of this document is the SBT 1993' annual report that describes findings related to fish community research. Part II is a document completed by Utah State University (USU). The SBT subcontracted USU to complete a limnology investigation on the Sawtooth Valley Lakes. Management suggestions in Part II are those of USU and are not endorsed by the SBT and may not reflect the opinions of SBT biologists.

  14. Environmental variability and chum salmon production at the northwestern Pacific Ocean

    Science.gov (United States)

    Kim, Suam; Kang, Sukyung; Kim, Ju Kyoung; Bang, Minkyoung

    2017-12-01

    Chum salmon, Oncorhynchus keta, are distributed widely in the North Pacific Ocean, and about 76% of chum salmon were caught from Russian, Japanese, and Korean waters of the northwestern Pacific Ocean during the last 20 years. Although it has been speculated that the recent increase in salmon production was aided by not only the enhancement program that targeted chum salmon but also by favorable ocean conditions since the early 1990s, the ecological processes for determining the yield of salmon have not been clearly delineated. To investigate the relationship between yield and the controlling factors for ocean survival of chum salmon, a time-series of climate indices, seawater temperature, and prey availability in the northwestern Pacific including Korean waters were analyzed using some statistical tools. The results of cross-correlation function (CCF) analysis and cumulative sum (CuSum) of anomalies indicated that there were significant environmental changes in the North Pacific during the last century, and each regional stock of chum salmon responded to the Pacific Decadal Oscillation (PDO) differently: for Russian stock, the correlations between PDO index and catch were significantly negative with a time-lag of 0 and 1 years; for Japanese stock, significantly positive with a timelag of 0-2 years; and for Korean stock, positive but no significant correlation. The results of statistical analyses with Korean chum salmon also revealed that a coastal seawater temperature over 14°C and the return rate of spawning adults to the natal river produced a significant negative correlation.

  15. AFSC/ABL: Population structure of odd- and even-broodline Asian pink salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Electrophoretic analysis of Asian even brood-year pink salmon stocks has shown regional heterogeneity (Noll et al. in review). Hypothetical mixed fisheries were...

  16. Broodyear Data - Captive Broodstock Gene Rescue Program for Odd Year Class Elwha River Pink Salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Conduct captive brood stock gene rescue program for Elwha River odd-year class pink salmon. Data is collected by broodyear on % survival to adult, % maturity as two...

  17. Production Data - Captive Broodstock Gene Rescue Program for Odd Year Class Elwha River Pink Salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Conduct captive brood stock gene rescue program for Elwha River odd-year class pink salmon. Information on the number of smolts received into the program is...

  18. Fish Health Data - Captive Broodstock Gene Rescue Program for Odd Year Class Elwha River Pink Salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Conduct captive brood stock gene rescue program for Elwha River odd-year class pink salmon. All fresh mortalities larger than 100 mm are sent to Fish Health for...

  19. Growth Data - Captive Broodstock Gene Rescue Program for Odd Year Class Elwha River Pink Salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Conduct captive brood stock gene rescue program for Elwha River odd-year class pink salmon. The fork length to the nearest mm and weight to the nearest gram of a...

  20. Hatchery tank enrichment affects cortisol levels and shelter-seeking in Atlantic salmon (Salmo salar)

    DEFF Research Database (Denmark)

    Näslund, Joacim; Rosengren, Malin; Del Villar, Diego

    2013-01-01

    Stocking programs using hatchery-reared salmon are often implemented for augmenting natural populations. However, survival of these fish is often low compared with wild conspecifics, possibly because of genetic, physiological, and behavioural deficiencies. Here, we compared presmolt Atlantic salm...

  1. Stream flow and temperature maps - Effect of Climate Change on Salmon Population Vulnerability

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Steelhead (Oncorhynchus mykiss) and other Pacific salmon are threatened by unsustainable levels of harvest, genetic introgression from hatchery stocks and...

  2. Fish Culture Data - Captive Broodstock Gene Rescue Program for Odd Year Class Elwha River Pink Salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Conduct captive brood stock gene rescue program for Elwha River odd-year class pink salmon. Raw data on rearing density, loading density, water temperature, ration,...

  3. Calcitonin Salmon Injection

    Science.gov (United States)

    Calcitonin salmon injection is used to treat osteoporosis in postmenopausal women. Osteoporosis is a disease that causes bones to weaken and break more easily. Calcitonin salmon injection is also used to treat Paget's disease ...

  4. Calcitonin Salmon Nasal Spray

    Science.gov (United States)

    Calcitonin salmon is used to treat osteoporosis in women who are at least 5 years past menopause and cannot ... a human hormone that is also found in salmon. It works by preventing bone breakdown and increasing ...

  5. 75 FR 16745 - Endangered and Threatened Species; 90-Day Finding on a Petition to Delist Coho Salmon South of...

    Science.gov (United States)

    2010-04-02

    ... Salmon South of San Francisco Bay AGENCY: National Marine Fisheries Service (NMFS), National Oceanic and... delist coho salmon (Oncorhynchus kisutch) in coastal counties south of the ocean entrance to San... Species Act (ESA) of 1973, as amended. Coho salmon populations in this region are currently listed under...

  6. Instream flow characterization of upper Salmon River basin streams, central Idaho, 2004

    Science.gov (United States)

    Maret, Terry R.; Hortness, Jon E.; Ott, Douglas S.

    2005-01-01

    Anadromous fish populations in the Columbia River Basin have plummeted in the last 100 years. This severe decline led to Federal listing of Chinook salmon (Oncorhynchus tshawytscha) and steelhead trout (Oncorhynchus mykiss) stocks as endangered or threatened under the Endangered Species Act (ESA) in the 1990s. Historically, the upper Salmon River Basin (upstream of the confluence with the Pahsimeroi River) in Idaho provided migration corridors and significant habitat for these ESA-listed species, in addition to the ESA-listed bull trout (Salvelinus confluentus). Human development has modified the original streamflow conditions in many streams in the upper Salmon River Basin. Summer streamflow modifications resulting from irrigation practices, have directly affected quantity and quality of fish habitat and also have affected migration and (or) access to suitable spawning and rearing habitat for these fish. As a result of these ESA listings and Action 149 of the Federal Columbia River Power System Biological Opinion of 2000, the Bureau of Reclamation was tasked to conduct streamflow characterization studies in the upper Salmon River Basin to clearly define habitat requirements for effective species management and habitat restoration. These studies include collection of habitat and streamflow information for the Physical Habitat Simulation System model, a widely applied method to determine relations between habitat and discharge requirements for various fish species and life stages. Model results can be used by resource managers to guide habitat restoration efforts by evaluating potential fish habitat and passage improvements by increasing streamflow. In 2004, instream flow characterization studies were completed on Salmon River and Beaver, Pole, Champion, Iron, Thompson, and Squaw Creeks. Continuous streamflow data were recorded upstream of all diversions on Salmon River and Pole, Iron, Thompson, and Squaw Creeks. In addition, natural summer streamflows were

  7. Quantitative risk assessment of salmon louse-induced mortality of seaward-migrating post-smolt Atlantic salmon

    Directory of Open Access Journals (Sweden)

    Anja Bråthen Kristoffersen

    2018-06-01

    Full Text Available The Norwegian government recently implemented a new management system to regulate salmon farming in Norway, aiming to promote environmentally sustainable growth in the aquaculture industry. The Norwegian coast has been divided into 13 production zones and the volume of salmonid production in the zones will be regulated based on salmon lice effects on wild salmonids. Here we present a model for assessing salmon louse-induced mortality of seaward-migrating post-smolts of Atlantic salmon. The model quantifies expected salmon lice infestations and louse-induced mortality of migrating post-smolt salmon from 401 salmon rivers draining into Norwegian coastal waters. It is assumed that migrating post-smolts follow the shortest path from river outlets to the high seas, at constant progression rates. During this migration, fish are infested by salmon lice of farm origin according to an empirical infestation model. Furthermore, louse-induced mortality is estimated from the estimated louse infestations. Rivers draining into production zones on the West Coast of Norway were at the highest risk of adverse lice effects. In comparison, rivers draining into northerly production zones, along with the southernmost production zone, were at lower risk. After adjusting for standing stock biomass, estimates of louse-egg output varied by factors of up to 8 between production zones. Correlation between biomass adjusted output of louse infestation and densities of farmed salmon in the production zones suggests that a large-scale density-dependent host-parasite effect is a major driver of louse infestation rates and parasite-induced mortality. The estimates are sensitive to many of the processes in the chain of events in the model. Nevertheless, we argue that the model is suited to assess spatial and temporal risks associated with farm-origin salmon lice. Keywords: Density dependent, Sea lice, Transmission, Farmed salmon, Migration pathway, Migration time

  8. Compendium of Low-Cost Pacific Salmon and Steelhead Trout Production Facilities and Practices in the Pacific Northwest.

    Energy Technology Data Exchange (ETDEWEB)

    Senn, Harry G.

    1984-09-01

    The purpose was to research low capital cost salmon and steelhead trout production facilities and identify those that conform with management goals for the Columbia Basin. The species considered were chinook salmon (Oncorhynchus tshawytscha), coho salmon (O. kisutch), sockeye salmon (O. nerka), and steelhead trout (Salmo gairdneri). This report provides a comprehensive listing of the facilities, techniques, and equipment used in artificial production in the Pacific Northwest. (ACR)

  9. Adaptive strategies and life history characteristics in a warming climate: salmon in the Arctic?

    Science.gov (United States)

    Nielsen, Jennifer L.; Ruggerone, Gregory T.; Zimmerman, Christian E.

    2013-01-01

    In the warming Arctic, aquatic habitats are in flux and salmon are exploring their options. Adult Pacific salmon, including sockeye (Oncorhynchus nerka), coho (O. kisutch), Chinook (O. tshawytscha), pink (O. gorbuscha) and chum (O. keta) have been captured throughout the Arctic. Pink and chum salmon are the most common species found in the Arctic today. These species are less dependent on freshwater habitats as juveniles and grow quickly in marine habitats. Putative spawning populations are rare in the North American Arctic and limited to pink salmon in drainages north of Point Hope, Alaska, chum salmon spawning rivers draining to the northwestern Beaufort Sea, and small populations of chum and pink salmon in Canada’s Mackenzie River. Pacific salmon have colonized several large river basins draining to the Kara, Laptev and East Siberian seas in the Russian Arctic. These populations probably developed from hatchery supplementation efforts in the 1960’s. Hundreds of populations of Arctic Atlantic salmon (Salmo salar) are found in Russia, Norway and Finland. Atlantic salmon have extended their range eastward as far as the Kara Sea in central Russian. A small native population of Atlantic salmon is found in Canada’s Ungava Bay. The northern tip of Quebec seems to be an Atlantic salmon migration barrier for other North American stocks. Compatibility between life history requirements and ecological conditions are prerequisite for salmon colonizing Arctic habitats. Broad-scale predictive models of climate change in the Arctic give little information about feedback processes contributing to local conditions, especially in freshwater systems. This paper reviews the recent history of salmon in the Arctic and explores various patterns of climate change that may influence range expansions and future sustainability of salmon in Arctic habitats. A summary of the research needs that will allow informed expectation of further Arctic colonization by salmon is given.

  10. Market Reactions to Publicly Announced Privacy and Security Breaches Suffered by Companies Listed on the United States Stock Exchanges: A Comparative Empirical Investigation

    Science.gov (United States)

    Coronado, Adolfo S.

    2012-01-01

    Using a sample of security and privacy breaches the present research examines the comparative announcement impact between the two types of events. The first part of the dissertation analyzes the impact of publicly announced security and privacy breaches on abnormal stock returns, the change in firm risk, and abnormal trading volume are measured.…

  11. ECONOMIC GROWTH AND SALMON RECOVERY: AN IRRECONCILABLE CONFLICT?

    Science.gov (United States)

    Throughout the southern region of western North America, many wild salmon stocks have declined and some have disappeared. The decline was induced by an extensively studied and reasonably well understood combination of causal agents. The public appears to support reversing the d...

  12. Salmon and steelhead in the White Salmon River after the removal of Condit Dam–Planning efforts and recolonization results

    Science.gov (United States)

    Allen, Brady; Engle, Rod O; Zendt, Joseph S; Shrier, Frank C; Wilson, Jeremy T; Connolly, Patrick J.

    2016-01-01

    Condit Dam, at river kilometer 5.3 on the White Salmon River, Washington, was breached in 2011 and completely removed in 2012. This action opened habitat to migratory fish for the first time in 100 years. The White Salmon Working Group was formed to create plans for fish salvage in preparation for fish recolonization and to prescribe the actions necessary to restore anadromous salmonid populations in the White Salmon River after Condit Dam removal. Studies conducted by work group members and others served to inform management decisions. Management options for individual species were considered, including natural recolonization, introduction of a neighboring stock, hatchery supplementation, and monitoring natural recolonization for some time period to assess the need for hatchery supplementation. Monitoring to date indicates that multiple species and stocks of anadromous salmonids are finding and spawning in the now accessible and recovering habitat.

  13. Monitoring the Migrations of Wild Snake River Spring/Summer Chinook Salmon Smolts, 2002-2003 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Achord, Stephen; McNatt, Regan A.; Hockersmith, Eric E. (National Marine Fisheries Service, Northwest Fisheries Science Center, Fish Ecology Division, Seattle, WA)

    2004-04-01

    estimate survival of different wild juvenile fish stocks as they emigrate from their natal rearing areas. This study provides critical information for recovery planning, and ultimately recovery for these ESA-listed wild fish stocks. This report provides information on PIT tagging of wild chinook salmon parr in 2002 and the subsequent monitoring of these fish. Fish were monitored as they migrated through two in-stream PIT-tag monitoring systems in lower Valley Creek and at juvenile migrant traps in 2002 and 2003 as well as through interrogation systems at Lower Granite, Little Goose, Lower Monumental, McNary, John Day, and Bonneville Dams during 2003. Fish were also monitored by the PIT-tag trawl in the mouth of the Columbia River in 2003. In 2002-2003, we also continued to collect environmental data for the Baseline Environmental Monitoring Program, which was developed from 1993 to 1997. The project was designed to collect data for use in conjunction with data on parr and smolt movements to discern patterns or characteristic relationships between these movements and environmental factors. Water quality data collected consist of water temperature, dissolved oxygen, specific conductance, turbidity, water depth, and pH measured at five monitoring stations in the Salmon River Basin, Idaho.

  14. A study of the impacts of leverage on labor and capital productivity: A case study of companies listed in Tehran Stock Market

    Directory of Open Access Journals (Sweden)

    Peyman Akbari

    2013-03-01

    Full Text Available Productivity is a primary objective of increasing competition in modern economy and any increase in productivity level helps development of organization in the competitive market. The purpose of this paper is to investigate the relationship between operating leverage, financial leverage, compound leverage as independent variables and productivity indices including labor and capital productivities as dependent variables. The study includes 102 companies accepted in Tehran Stock Market based on screening, systematic deletion, over the period 2005-2010. The required data are gathered through official financial statements, committee reports, and other available documents in Tehran Stock Market. Stepwise regression and Pearson correlation are used to analyze the data. The results of the study have indicated that there were significant relationships between independent variables including leverage ratios with labor productivity. In addition, there is also a significance relationship between leverage ratios with capital productivity of total assets.

  15. A RESEARCH ON RELATIONSHIP BETWEEN CORPORATE GOVERNANCE RATINGS OF BANKS LISTED IN ISTANBUL STOCK EXCHANGE (BIST) CORPORATE GOVERNANCE INDEX AND SOME OF THEIR CHARACTERISTICS

    OpenAIRE

    Ozlem I. Koc

    2014-01-01

    Capital Markets Board of Turkey principles of corporate governance consist of four categories: Shareholders, Public Disclosure and Transparency, Stakeholders, Board of Directors. The corporate governance rating is determined by the rating institutions incorporated by Capital Markets Board of Turkey in its list of rating agencies as a result of their assessment of the company's compliance with the corporate governance principles. Publicly held corporations are listed in BIST Corporate Governan...

  16. Pre-Restoration Habitat Use by Chinook Salmon in the Nisqually Estuary Using Otolith Analysis: An Additional Year

    Science.gov (United States)

    Lind-Null, Angie; Larsen, Kim

    2009-01-01

    The Nisqually Fall Chinook population is one of 27 stocks in the Puget Sound evolutionarily significant unit listed as threatened under the Federal Endangered Species Act (ESA). Preservation and extensive restoration of the Nisqually delta ecosystem is currently taking place to assist in recovery of the stock as juvenile Fall Chinook salmon are dependent upon the estuary. A pre-restoration baseline that includes characterization of life history types, estuary residence times, growth rates, and habitat use is needed to evaluate the potential response of hatchery and natural origin Chinook salmon to restoration efforts and determine restoration success. Otolith analysis was selected to examine Chinook salmon life history, growth, and residence in the Nisqually Estuary. Previously funded work on wild samples collected in 2004 established the growth rate and length of residence associated with various habitats. The purpose of the current study is to build on the previous work by incorporating otolith microstructure analysis from 2005 (second sampling year), to verify findings from 2004, and to evaluate between-year variation in otolith microstructure. Our results from this second year of analysis indicated no inter-annual variation in the appearance of the tidal delta check (TDCK) and delta-flats check (DFCK). However, a new life history type (fry migrant) was observed on samples collected in 2005. Fish caught in the tidal delta regardless of capture date spent an average of 17 days in the tidal delta. There was a corresponding increase in growth rate as the fish migrated from freshwater (FW) to tidal delta to nearshore (NS) habitats. Fish grew 33 percent faster in the tidal delta than in FW habitat and slightly faster (14 percent) in the delta flats (DF) habitat compared to the tidal delta.

  17. Analysis of Salmon and Steelhead Supplementation, 1990 Final Report.

    Energy Technology Data Exchange (ETDEWEB)

    Miller, William H.; Coley, Travis C.; Burge, Howard L.

    1990-09-01

    Supplementation or planting salmon and steelhead into various locations in the Columbia River drainage has occurred for over 100 years. All life stages, from eggs to adults, have been used by fishery managers in attempts to establish, rebuild, or maintain anadromous runs. This report summarizes and evaluates results of past and current supplementation of salmon and steelhead. Conclusions and recommendations are made concerning supplementation. Hatchery rearing conditions and stocking methods can affect post released survival of hatchery fish. Stress was considered by many biologists to be a key factor in survival of stocked anadromous fish. Smolts were the most common life stage released and size of smolts correlated positively with survival. Success of hatchery stockings of eggs and presmolts was found to be better if they are put into productive, underseeded habitats. Stocking time, method, species stocked, and environmental conditions of the receiving waters, including other fish species present, are factors to consider in supplementation programs. The unpublished supplementation literature was reviewed primarily by the authors of this report. Direct contact was made in person or by telephone and data compiled on a computer database. Areas covered included Oregon, Washington, Idaho, Alaska, California, British Columbia, and the New England states working with Atlantic salmon. Over 300 projects were reviewed and entered into a computer database. The database information is contained in Appendix A of this report. 6 refs., 9 figs., 21 tabs.

  18. Wild Steelhead Studies, Salmon and Clearwater Rivers, 1994 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Holubetz, Terry B; Leth, Brian D.

    1997-05-01

    To enumerate chinook salmon Oncorhynchus tshawytscha and steelhead O. mykiss adult escapements, weirs were operated in Marsh, Chamberlain, West Fork Chamberlain, and Running creeks. Beginning in late July 1994, a juvenile trap was installed in Running Creek to estimate juvenile outmigrants. Plans have been completed to install a weir in Rush Creek to enumerate steelhead adult escapement beginning in spring 1995. Design and agreements are being developed for Johnson Creek and Captain John Creek. Data collected in 1993 and 1994 indicate that spring chinook salmon and group-B steelhead populations and truly nearing extinction levels. For example, no adult salmon or steelhead were passed above the West Fork Chamberlain Creek weir in 1984, and only 6 steelhead and 16 chinook salmon were passed into the important spawning area on upper Marsh Creek. Group-A steelhead are considerably below desirable production levels, but in much better status than group-B stocks. Production of both group-A and group-B steelhead is being limited by low spawning escapements. Studies have not been initiated on wild summer chinook salmon stocks.

  19. An Evidence-Based Evaluation of the Cumulative Effects of Tidal Freshwater and Estuarine Ecosystem Restoration on Endangered Juvenile Salmon in the Columbia River: Final Report

    Energy Technology Data Exchange (ETDEWEB)

    Diefenderfer, Heida L. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Johnson, Gary E. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Thom, Ronald M. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Borde, Amy B. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Woodley, Christa M. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Weitkamp, Laurie A. [Marine Sciences lab., Sequim, WA (United States); Buenau, Kate E. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Kropp, Roy K. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

    2013-12-01

    The listing of 13 salmon and steelhead stocks in the Columbia River basin (hereafter collectively referred to as “salmon”) under the Endangered Species Act of 1973, as amended, has stimulated tidal wetland restoration in the lower 235 kilometers of the Columbia River and estuary for juvenile salmon habitat functions. The purpose of the research reported herein was to evaluate the effect on listed salmon of the restoration effort currently being conducted under the auspices of the federal Columbia Estuary Ecosystem Restoration Program (CEERP). Linking changes in the quality and landscape pattern of tidal wetlands in the lower Columbia River and estuary (LCRE) to salmon recovery is a complex problem because of the characteristics of the ecosystem, the salmon, the restoration actions, and available sampling technologies. Therefore, we designed an evidence-based approach to develop, synthesize, and evaluate information to determine early-stage (~10 years) outcomes of the CEERP. We developed an ecosystem conceptual model and from that, a primary hypothesis that habitat restoration activities in the LCRE have a cumulative beneficial effect on juvenile salmon. There are two necessary conditions of the hypothesis: • habitat-based indicators of ecosystem controlling factors, processes, and structures show positive effects from restoration actions, and • fish-based indicators of ecosystem processes and functions show positive effects from restoration actions and habitats undergoing restoration. Our evidence-based approach to evaluate the primary hypothesis incorporated seven lines of evidence, most of which are drawn from the LCRE. The lines of evidence are spatial and temporal synergies, cumulative net ecosystem improvement, estuary-wide meta-analysis, offsite benefits to juvenile salmon, landscape condition evaluation, and evidence-based scoring of global literature. The general methods we used to develop information for the lines of evidence included field

  20. Compression stockings

    Science.gov (United States)

    Call your health insurance or prescription plan: Find out if they pay for compression stockings. Ask if your durable medical equipment benefit pays for compression stockings. Get a prescription from your doctor. Find a medical equipment store where they can ...

  1. Stock Status

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data inform the public of the most recent stock status for all stocks (FSSI and non-FSSI) in the fishery management unit contained in a fishery managment plan....

  2. SECURITIES REGULATION: Improvements Needed in the Amex Listing Program

    National Research Council Canada - National Science Library

    2001-01-01

    .... The remaining markets had significantly fewer listings. For example, the fourth-largest market in terms of the number of companies listed was the Boston Stock Exchange, with 84 listings, 46 of which were also listed on Nasdaq...

  3. Analyzing Influential Factors Against Timeliness of Financial Reporting (Empirical Study of Automation and Components and Telecommunication Companies Listed on Indonesia Stock Exchange.

    Directory of Open Access Journals (Sweden)

    Joko Suryanto

    2016-12-01

    Full Text Available This research aims to examine the effect of the relationship between firm size, profitability, solvency, public ownership, and the audit opinion on the timeliness of financial reporting. The dependent variable in the form of timekeeping company deliver the financial statements to the Stock Exchange. Meanwhile for the independent variables such as firm size measured by total asets of the company, profitability is measured by profit margin ratio, solvency measured by debt-to-equity ratio, public ownership is measured by the percentage of the number of shares owned by the community, and the audit opinion is measured with an unqualified opinion and otherwise unqualified. This study uses secondary data with population automotive companies and telecommunications components and annual financial statements issued on the Stock Exchange in the period 2010-2012. From the analysis conducted in this study it can be concluded that the size of the company significantly influence the timeliness of financial reporting. While profitability, solvency, public ownership, and the audit opinion does not affect the timeliness of financial reporting.

  4. Tracing salmon to their birthplace by activable tracer technique

    International Nuclear Information System (INIS)

    Shibuya, Masao

    1978-01-01

    Activable tracer technique was applied to trace the recurrent migration of white salmons, as a typical example of employing radioactivation analysis to the study of agricultural and marinefields. Europium was adopted because it is easy to use technically with less influence on fish body and easy to detect, and its remaining time is very long. Artificially hatched young white salmons were stocked in the Saibetsu River after being raised for a month with europium-containing feed. These stocked fish were labeled by fin-cutting method. Recurrent salmons (fin cutting-labeled fish) were then collected and dissected. The fishes were divided into otoliths, scales, flesh, internal organs, gills, bones, etc., and irradiated for 5 min in JRR-2 reactor of Japan Atomic Energy Research Institute. Europium was detected from the scales and otoliths of 3 to 4 year stocked adult fishes by γ-spectrometry of Eu. This proved the availability of activable tracer method for tracing the recurrent migration of salmons. (Kobatake, H.)

  5. Analysis of Right Issue Announcement Effect toward Stock Price Movement and Stock Trading Volume within Issuer in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Wilson Yaputra Yakup

    2016-05-01

    Full Text Available The purpose of this study were to identify and analyze the rights issue effect to the stock price, the effect of the rights issue on stock trading volume, the correlation between stock prices before and after the right issue, as well as the correlation between volume of trading activity before the right issue and after that event. The objects of the study are the companies listed on Indonesia Stock Exchange (JSX. The hypothesis stated that right issues have a significant effect on stock price on companies listed on the JSX, rights issues have a significant effect on the stock trading volume on companies listed on the JSX, there is a significant correlation between stock price before and after the rights issue on companies listed in JSX, there is a significant correlation between volume of the stock trading before the rights issue and after that event. Data analysis used were descriptive statistics, simple linear regression analysis and paired t-test. Hypothesis testing was performed by using the Pearson correlation test with significance level of 5%. The results show that the right issue has a positive effect but not significant toward stock prices of companies listed in JSX, right issue has a negative effect and not significant toward the trading volume activity (TVA on companies listed in JSX.

  6. Pathological and immunological responses associated with differential survival of Chinook salmon following Renibacterium salmoninarum challenge

    Science.gov (United States)

    Metzger, David C.; Elliott, Diane G.; Wargo, Andrew; Park, Linda K.; Purcell, Maureen K.

    2010-01-01

    Chinook salmon Oncorhynchus tshawytscha are highly susceptible to Renibacterium salmoninarum, the causative agent of bacterial kidney disease (BKD). Previously we demonstrated that introduced Chinook salmon from Lake Michigan, Wisconsin (WI), USA, have higher survival following R. salmoninarum challenge relative to the progenitor stock from Green River, Washington, USA. In the present study, we investigated the pathological and immunological responses that are associated with differential survival in the 2 Chinook salmon stocks following intra-peritoneal R. salmoninarum challenge of 2 different cohort years (2003 and 2005). Histological evaluation revealed delayed appearance of severe granulomatous lesions in the kidney and lower overall prevalence of membranous glomerulopathy in the higher surviving WI stock. The higher survival WI stock had a lower bacterial load at 28 d post-infection, as measured by reverse-transcriptase quantitative polymerase chain reaction (RT-qPCR). However, at all other time points, bacterial load levels were similar despite higher mortality in the more susceptible Green River stock, suggesting the possibility that the stocks may differ in their tolerance to infection by the bacterium. Interferon-γ, inducible nitric oxide synthase (iNOS), Mx-1, and transferrin gene expression were up-regulated in both stocks following challenge. A trend of higher iNOS gene expression at later time points (≥28 d post-infection) was observed in the lower surviving Green River stock, suggesting the possibility that higher iNOS expression may contribute to greater pathology in that stock.

  7. DANUBE SALMON (HUCHO HUCHO L.. THEMATIC BIBLIOGRAPHY

    Directory of Open Access Journals (Sweden)

    I. Hrytsynyak

    2015-09-01

    Full Text Available Purpose. Creating of the thematic bibliographic list of publications dedicated to ecological and zoogeographical, morphological and biological, physiological, biochemical and genetic characteristics of the Danube salmon, as well as to its cultivation in Ukraine and abroad. Methodology. In the process of systematic search complete and selective methods were applied. The bibliographic core have been formed by the literature from the fund of scientific library of the Institute of Fisheries NAAS. Findings. There was composed the thematic list of publications in a quantity of 100 sources, containing characteristics of Danube salmon as representative of salmonids. Literary sources was arranged in alphabetical order by author or title, and described according to DSTU 7.1:2006 «System of standards on information, librarianship and publishing. Bibliographic entry. Bibliographic description. General requirements and rules», as well as in accordance with the requirements of APA style – international standard of references. Practical value. The list may be useful for scientists, practitioners, students, whose area of interests covers the questions of breeding, and researching of the salmon biological features.

  8. Instream flow characterization of Upper Salmon River basin streams, central Idaho, 2005

    Science.gov (United States)

    Maret, Terry R.; Hortness, Jon E.; Ott, Douglas S.

    2006-01-01

    Anadromous fish populations in the Columbia River Basin have plummeted in the last 100 years. This severe decline led to Federal listing of Chinook salmon (Oncorhynchus tshawytscha) and steelhead trout (Oncorhynchus mykiss) stocks as endangered or threatened under the Endangered Species Act (ESA) in the 1990s. Historically, the upper Salmon River Basin (upstream of the confluence with the Pahsimeroi River) in Idaho provided migration corridors and significant habitat for these ESA-listed species, in addition to the ESA-listed bull trout (Salvelinus confluentus). Human development has modified the original streamflow conditions in many streams in the upper Salmon River Basin. Summer streamflow modifications resulting from irrigation practices, have directly affected quantity and quality of fish habitat and also have affected migration and (or) access to suitable spawning and rearing habitat for these fish. As a result of these ESA listings and Action 149 of the Federal Columbia River Power System Biological Opinion of 2000, the Bureau of Reclamation was tasked to conduct streamflow characterization studies in the upper Salmon River Basin to clearly define habitat requirements for effective species management and habitat restoration. These studies include collection of habitat and streamflow information for the Physical Habitat Simulation System (PHABSIM) model, a widely applied method to determine relations between habitat and discharge requirements for various fish species and life stages. Model simulation results can be used by resource managers to guide habitat restoration efforts by evaluating potential fish habitat and passage improvements by increasing or decreasing streamflow. In 2005, instream flow characterization studies were completed on Big Boulder, Challis, Bear, Mill, and Morgan Creeks. Continuous streamflow data were recorded upstream of all diversions on Big Boulder. Instantaneous measurements of discharge were also made at selected sites. In

  9. Identifying salmon lice transmission characteristics between Faroese salmon farms

    DEFF Research Database (Denmark)

    Kragesteen, Trondur J.; Simonsen, Knud; Visser, AW

    2018-01-01

    Sea lice infestations are an increasing challenge in the ever-growing salmon aquaculture sector and cause large economic losses. The high salmon production in a small area creates a perfect habitat for parasites. Knowledge of how salmon lice planktonic larvae disperse and spread the infection...... between farms is of vital importance in developing treatment management plans to combat salmon lice infestations. Using a particle tracking model forced by tidal currents, we show that Faroese aquaculture farms form a complex network. In some cases as high as 10% of infectious salmon lice released at one...... for the entire Faroese salmon industry...

  10. COLUMBIA RIVER BASIN SALMON AND STEELHEAD: Federal Agencies' Recovery Responsibilities, Expenditures and Actions

    National Research Council Canada - National Science Library

    2002-01-01

    ..., and unfavorable weather and ocean conditions. The population decline has resulted in the listing of 12 salmon and steelhead populations in the basin as threatened or endangered under the Endangered...

  11. 2013 Early Life History Experiment Data - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the early 1990s, Redfish Lake sockeye salmon from the Sawtooth Basin in Idaho were on the brink of extinction, and they were listed as endangered under the US...

  12. 2012 Early Life History Experiment Data - Snake River sockeye salmon captive propagation

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the early 1990s, Redfish Lake sockeye salmon from the Sawtooth Basin in Idaho were on the brink of extinction, and they were listed as endangered under the US...

  13. Coho Salmon Master Plan, Clearwater River Basin.

    Energy Technology Data Exchange (ETDEWEB)

    Nez Perce Tribe; FishPro

    2004-10-01

    The Nez Perce Tribe has a desire and a goal to reintroduce and restore coho salmon to the Clearwater River Subbasin at levels of abundance and productivity sufficient to support sustainable runs and annual harvest. Consistent with the Clearwater Subbasin Plan (EcoVista 2003), the Nez Perce Tribe envisions developing an annual escapement of 14,000 coho salmon to the Clearwater River Subbasin. In 1994, the Nez Perce Tribe began coho reintroduction by securing eggs through U.S. v. Oregon; by 1998 this agreement provided an annual transfer of 550,000 coho salmon smolts from lower Columbia River hatchery facilities for release in the Clearwater River Subbasin. In 1998, the Northwest Power and Conservation Council authorized the Bonneville Power Administration to fund the development of a Master Plan to guide this reintroduction effort. This Master Plan describes the results of experimental releases of coho salmon in the Clearwater River Subbasin, which have been ongoing since 1995. These data are combined with results of recent coho reintroduction efforts by the Yakama Nation, general coho life history information, and historical information regarding the distribution and life history of Snake River coho salmon. This information is used to assess a number of alternative strategies aimed at restoring coho salmon to historical habitats in the Clearwater River subbasin. These data suggest that there is a high probability that coho salmon can be restored to the Clearwater River subbasin. In addition, the data also suggest that the re-establishment of coho salmon could be substantially aided by: (1) the construction of low-tech acclimation facilities; (2) the establishment of a 'localized' stock of coho salmon; and (3) the construction of hatchery facilities to provide a source of juvenile coho salmon for future supplementation activities. The Nez Perce Tribe recognizes that there are factors which may limit the success of coho reintroduction. As a result of these

  14. Effective Tax Rate of Corporate Income Tax in the Post-Crisis Period: The Case of Non-Financial Companies Listed on the Bucharest Stock Exchange

    Directory of Open Access Journals (Sweden)

    Teodorescu Mihaela

    2017-01-01

    The first part of the paper presents the main causes for the divergence between the statutory and effective rate of the corporate income tax, based on the provisions of the Romanian Fiscal Code. The differences between the gross income and the taxable profit, which form the basis for calculating the income tax, are highlighted. The second part is devoted to the methodology for calculating the effective income tax rate and its analysis, based on data from the financial statements published in the post-crisis period by Romanian companies listed on BVB.

  15. THE IMPACT OF FX (FOREIGN CURRENCY EXCHANGE) ON THE BOTTOM LINE OF TEXTILE/SHOES INDUSTRIES LISTED IN INDONESIA STOCK EXCHANGE 2006-2008

    OpenAIRE

    Subekti, Hendro

    2015-01-01

    During 2006-2008, Indonesia has been experiencing depreciation of IDR against world currency US$. The situation was triggered by global crisis October 2008, and IDR currency plunged. Furthermore, 17 textile/shoes industries publicly listed in ISX have been severely hit by depreciation of IDR The “Huge Loss of Bottom Line” in 2008 was recorded (IDR 617 billions) more than half of trillion IDR. To be curious the most of industry are manufacturer-exporter.Year 2007, national textile industry ove...

  16. Blood types in Pacific salmon

    Science.gov (United States)

    Ridgway, G.L.; Klontz, G.W.

    1961-01-01

    Intraspecific differences in erythrocyte antigens (blood types) were shown to occur in four species of Pacific salmon, the sockeye or red salmon (Oncorhynchus nerka), the chinook or king salmon (0. tshawytscha), the chum salmon (O. keta), and the pink salmon (O. gorbuscha). Antisalmon-erythrocyte sera prepared in rabbits and chickens were used after absorption of species-specific antibodies. Some of these blood types were shown to differ in their frequency of occurrence between different geographic races. In addition, isoimmunizations were conducted on one race of sockeye salmon. Antisera of seven different specificities were prepared and at least eight different patterns of antigenic composition were displayed by the cells tested.

  17. Evaluating stocking efficacy in an ecosystem undergoing oligotrophication

    Science.gov (United States)

    Kao, Yu-Chun; Rogers, Mark W.; Bunnell, David B.

    2017-01-01

    Oligotrophication has negatively affected fisheries production in many freshwater ecosystems and could conceivably reduce the efficacy of stockings used to enhance fisheries. In Lake Michigan, offshore oligotrophication has occurred since the 1970s, owing to reductions in total phosphorus (TP) inputs and nearshore sequestration of TP by nonindigenous dreissenid mussels. We evaluated simultaneous effects of stock enhancement and oligotrophication on salmonine species (Chinook salmon Oncorhynchus tshawytscha, lake trout Salvelinus namaycush, and steelhead O. mykiss) that support valuable recreational fisheries. We employed a novel application of an Ecopath with Ecosim model by conducting a full factorial simulation experiment. Our design included multiple levels of salmonine stocking, consumption by invasive quagga mussels (Dreissena bugensis), and TP that were informed by manager interests. Under all levels of TP and quagga mussel consumption, our results showed that stock enhancement could still increase salmonine biomass, but positive responses were stronger for lake trout and steelhead than Chinook salmon. Simulations showed that quagga mussel consumption has deleterious effects on pelagic-oriented prey fishes and Chinook salmon, which feed almost exclusively on the pelagic-oriented alewife (Alosa pseudoharengus). In summary, results from our simulation experiment suggested that lake trout and steelhead are better suited to the current ecosystem than Chinook salmon, and therefore, stock enhancement provides the highest gains for these two species. Furthermore, simulated biomass of all recreational salmonine species increased with increasing TP, indicating the need for managers to consider how potential future oligotrophication will limit the carrying capacity of salmonine biomass in Lake Michigan

  18. Atlantic Salmon Telemetry Monitoring

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Annual telemetry data are collected as part of specific projects (assessments within watersheds) or as opportunistic efforts to characterize Atlantic salmon smolt...

  19. Atlantic Salmon Smolt Monitoring

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Annual data are collected as part of smolt trapping operations using fish trapping methods. Traps collect emigrating salmon smolts to identify cohort...

  20. Crims Island-Restoration and monitoring of juvenile salmon rearing habitat in the Columbia River Estuary, Oregon, 2004-10

    Science.gov (United States)

    Haskell, Craig A.; Tiffan, Kenneth F.

    2011-01-01

    Under the 2004 Biological Opinion for operation of the Federal Columbia River Power System released by the National Marine Fisheries Service, the U.S. Army Corps of Engineers (USACE), the Bonneville Power Administration (BPA), and the Bureau of Reclamation (Reclamation) were directed to restore more than 4,047 hectares (10,000 acres) of tidal marsh in the Columbia River estuary by 2010. Restoration of Crims Island near Longview, Washington, restored 38.1 hectares of marsh and swamp in the tidal freshwater portion of the lower Columbia River. The goal of the restoration was to improve habitat for juveniles of Endangered Species Act (ESA)-listed salmon stocks and ESA-listed Columbian white-tailed deer. The U.S. Geological Survey (USGS) monitored and evaluated the fisheries and aquatic resources at Crims Island in 2004 prior to restoration (pre-restoration), which began in August 2004, and then post-restoration from 2006 to 2009. This report summarizes pre- and post-restoration monitoring data used by the USGS to evaluate project success. We evaluated project success by examining the interaction between juvenile salmon and a suite of broader ecological measures including sediments, plants, and invertebrates and their response to large-scale habitat alteration. The restoration action at Crims Island from August 2004 to September 2005 was to excavate a 0.6-meter layer of soil and dig channels in the interior of the island to remove reed canary grass and increase habitat area and tidal exchange. The excavation created 34.4 hectares of tidal emergent marsh where none previously existed and 3.7 hectares of intertidal and subtidal channels. Cattle that had grazed the island for more than 50 years were relocated. Soil excavated from the site was deposited in upland areas next to the tidal marsh to establish an upland forest. Excavation deepened and widened an existing T-shaped channel to increase tidal flow to the interior of the island. The western arm of the existing 'T

  1. Growth evaluation of atlantic salmon (Salmo salar) raised in seawater or freshwater and fed either fishmeal based on marine-free diets

    Science.gov (United States)

    A forty week feeding study was conducted with Atlantic salmon (Salmo salar) smolts in two recirculating aquaculture systems. Twelve salmon (average initial weight 117 g; initial density 9.4 kg/m3) were stocked per tank. Two identical systems were used and contained either freshwater (0 ppt) or sea...

  2. Pacific Coastal Salmon Recovery Fund

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Congress established the Pacific Coastal Salmon Recovery Fund (PCSRF) to monitor the restoration and conservation of Pacific salmon and steelhead populations and...

  3. Pre-Restoration Habitat Use by Chinook Salmon in the Nisqually Estuary Using Otolith Analysis

    Science.gov (United States)

    Lind-Null, Angela; Larsen, Kimberly; Reisenbichler, Reginald

    2007-01-01

    INTRODUCTION The Nisqually Fall Chinook population is one of 27 stocks in the Puget Sound evolutionarily significant unit listed as threatened under the federal Endangered Species Act. The preservation of the Nisqually delta ecosystem coupled with extensive restoration of approximately 1,000 acres of diked estuarine habitat is identified as the highest priority action for the recovery of naturally spawning Nisqually River Fall Chinook salmon (Oncorhynchus tshawytscha) in the Nisqually Chinook Recovery Plan. In order to evaluate the response of Chinook salmon to restoration, a pre-restoration baseline of life history diversity and estuary utilization must be established. Otolith analysis has been proposed as a means to measure Chinook salmon life history diversity, growth, and residence in the Nisqually estuary. Over time, the information from the otolith analyses will be used to: (1) determine if estuary restoration actions cause changes to the population structure (i.e. frequency of the different life history trajectories) for Nisqually River Chinook, (2) compare pre and post restoration residence times and growth rates, and (3) suggest whether estuary restoration yields substantial benefits for Chinook salmon. Otoliths are calcium carbonate structures in the inner ear that grow in proportion to the overall growth of the fish. Daily growth increments can be measured so date and fish size at various habitat transitions can be back-calculated. Careful analysis of otolith microstructure can be used to determine the number of days that a fish resided in the estuary as a juvenile (increment counts), size at entrance to the estuary, size at egress, and the amount that the fish grew while in the estuary. Juvenile Chinook salmon can exhibit a variety of life history trajectories ? some enter the sea (or Puget Sound) as fry, some rear in the estuary before entering the sea, and some rear in the river and then move rapidly through the estuary into the sea as smolts. The

  4. Non-controlling interests, financial performance and the equity of groups. An empirical study of groups listed on the Warsaw Stock Exchange

    Directory of Open Access Journals (Sweden)

    Radosław Ignatowski

    2015-09-01

    Full Text Available The purpose of this article is to (a analyze IFRS requirements for the recognition and presentation of non-controlling (minority interests in consolidated financial statements in relation to theoretical concepts of consolidation of financial statements, and (b assess the share and importance of non-controlling inter-ests in financial performance and the equity of the groups of companies in practice.For the purpose of the article, selected scientific methods have been used, including: descriptive and analytical ones (for analyzing the theoretical concepts and IFRS requirements, critical analysis, especial-ly used for the literature review, and for the assessment of practice: primary empirical research methods, and quantitative methods, including descriptive statistics, nonparametric tests and correlation analysis. The empirical material collected was used to verify several hypotheses related to non-controlling interests of the groups whose parents are registered in Poland and whose securities are traded on a regulated, Polish capital market (Warsaw Stock Exchange. The empirical evidence is that non-controlling interests represent a very small part of group’s equity (taking the mean of about 3.5%, but the median below 1% and obviously, they are significantly lower than the share of majority interests. Their deviation among the different classes of companies (big, small and banks is negligible. Slightly higher is the share of minority interests in the group’s net profit and total comprehensive income. However, no significant difference is to be found between the shares of non-controlling interests in the group’s equity, net profit and total comprehensive income. Overall, shares of majority (minority interests in a group’s income are in line with their shares in the group’s equity. The hypothesis on comparable returns on non-controlling and majority interests (in terms of ROE cannot be rejected if both net profit and losses are considered

  5. Non-controlling interests, financial performance and the equity of groups. An empirical study of groups listed on the Warsaw Stock Exchange 

    Directory of Open Access Journals (Sweden)

    Radosław Ignatowski

    2015-11-01

    Full Text Available The purpose of this article is to (a analyze IFRS requirements for the recognition and presentation of non-controlling (minority interests in consolidated financial statements in relation to theoretical concepts of consolidation of financial statements, and (b assess the share and importance of non-controlling inter-ests in financial performance and the equity of the groups of companies in practice. For the purpose of the article, selected scientific methods have been used, including: descriptive and analytical ones (for analyzing the theoretical concepts and IFRS requirements, critical analysis, especial-ly used for the literature review, and for the assessment of practice: primary empirical research methods, and quantitative methods, including descriptive statistics, nonparametric tests and correlation analysis. The empirical material collected was used to verify several hypotheses related to non-controlling interests of the groups whose parents are registered in Poland and whose securities are traded on a regulated, Polish capital market (Warsaw Stock Exchange. The empirical evidence is that non-controlling interests represent a very small part of group’s equity (taking the mean of about 3.5%, but the median below 1% and obviously, they are significantly lower than the share of majority interests. Their deviation among the different classes of companies (big, small and banks is negligible. Slightly higher is the share of minority interests in the group’s net profit and total comprehensive income. However, no significant difference is to be found between the shares of non-controlling interests in the group’s equity, net profit and total comprehensive income. Overall, shares of majority (minority interests in a group’s income are in line with their shares in the group’s equity. The hypothesis on comparable returns on non-controlling and majority interests (in terms of ROE cannot be rejected if both net profit and losses are considered

  6. Guidelines for monitoring and adaptively managing restoration of Chinook salmon (Oncorhynchus tshawytscha) and steelhead (O. mykiss) on the Elwha River

    Science.gov (United States)

    Peters, R.J.; Duda, J.J.; Pess, G.R.; Zimmerman, M.; Crain, P.; Hughes, Z.; Wilson, A.; Liermann, M.C.; Morley, S.A.; McMillan, J.; Denton, K.; Warheit, K.

    2014-01-01

    As of January, 2014, the removal of the Elwha and Glines Canyon dams on the Elwha River, Washington, represents the largest dam decommissioning to date in the United States. Dam removal is the single largest step in meeting the goals of the Elwha River Ecosystem and Fisheries Restoration Act of 1992 (The Elwha Act) — full restoration of the Elwha River ecosystem and its native anadromous fisheries (Section 3(a)). However, there is uncertainty about project outcomes with regards to salmon populations, as well as what the ‘best’ management strategy is to fully restore each salmon stock. This uncertainty is due to the magnitude of the action, the large volumes of sediment expected to be released during dam removal, and the duration of the sediment impact period following dam removal. Our task is further complicated by the depleted state of the native salmonid populations remaining in the Elwha, including four federally listed species. This situation lends itself to a monitoring and adaptive management approach to resource management, which allows for flexibility in decision-making processes in the face of uncertain outcomes.

  7. Otolith analysis of pre-restoration habitat use by Chinook salmon in the delta-flats and nearshore regions of the Nisqually River Estuary

    Science.gov (United States)

    Lind-Null, Angie; Larsen, Kim

    2010-01-01

    The Nisqually Fall Chinook population is one of 27 salmon stocks in the Puget Sound (Washington) evolutionarily significant unit listed as threatened under the federal Endangered Species Act (ESA). Extensive restoration of the Nisqually River delta ecosystem is currently taking place to assist in recovery of the stock as juvenile Fall Chinook salmon are dependent on the estuary. A pre-restoration baseline that includes the characterization of life history strategies, estuary residence times, growth rates, and habitat use is needed to evaluate the potential response of hatchery and natural origin Chinook salmon to restoration efforts and to determine restoration success. Otolith analysis was selected as a tool to examine Chinook salmon life history, growth, and residence in the Nisqually River estuary. Previously funded work on samples collected in 2004 (marked and unmarked) and 2005 (unmarked only) partially established a juvenile baseline on growth rates and length of residence associated with various habitats (freshwater, forested riverine tidal, emergent forested transition, estuarine emergent marsh, delta-flats and nearshore). However, residence times and growth rates for the delta-flats (DF) and nearshore (NS) habitats have been minimally documented due to small sample sizes. The purpose of the current study is to incorporate otolith microstructural analysis using otoliths from fish collected within the DF and NS habitats during sampling years 2004-08 to increase sample size and further evaluate between-year variation in otolith microstructure. Our results from this analysis indicated the delta-flats check (DFCK) on unmarked and marked Chinook samples in 2005-08 varied slightly in appearance from that seen on samples previously analyzed only from 2004. A fry migrant life history was observed on otoliths of unmarked Chinook collected in 2005, 2007, and 2008. Generally, freshwater mean increment width of unmarked fish, on average, was smaller compared to marked

  8. Re-Introduction of Lower Columbia River Chum Salmon into Duncan Creek, 2001-2002 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Hillson, Todd D. (Washington Department of Wildlife, Olympia, WA)

    2002-10-01

    The National Marine Fisheries Service (NMFS) listed Lower Columbia River chum as threatened under the auspices of the Endangered Species Act (ESA) in March of 1999 (64 FR 14508, March 25, 1999). The listing was in response to reduction in abundance from historical levels of more than half a million returning adults to fewer than 10,000 spawners present day (Johnson et al. 1997). Harvest, loss of habitat, changes in flow regimes, riverbed movement and heavy siltation have been largely responsible for the decline in this species in the Columbia River. The timing of seasonal changes in river flow and water temperatures is perhaps the most critical factor in structuring the freshwater life history of chum salmon (Johnson et al. 1997). This is especially true of the population located directly below Bonneville Dam where hydropower operations can block access to spawning sites, dewater redds, strand fry, cause scour or fill of redds and increase sedimentation of spawning gravels. The recovery strategy for Lower Columbia River chum as outlined in the Hatchery Genetic Management Plan (HGMP) for the Grays River project has four main tasks. First, determine if remnant populations of Lower Columbia River chum salmon exist in Lower Columbia River tributaries. Second, if such populations exist, develop stock-specific recovery plans that would involve habitat restoration including the creation of spawning refugias, supplementation if necessary and a habitat and fish monitoring and evaluation plan. If chum have been extirpated from previously utilized streams, develop re-introduction plans that utilize appropriate genetic donor stock(s) of Lower Columbia River chum salmon and integrate habitat improvement and fry-to-adult survival evaluations. Third, reduce the extinction risk to Grays River chum salmon population by randomly capturing adults in the basin for use in a supplementation program and reintroduction of Lower Columbia River chum salmon into the Chinook River basin. The

  9. Cryopreservation of Adult Male Spring and Summer Chinook Salmon Gametes in the Snake River Basin, 1997 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Faurot, Dave; Kucera, Paul A.; Armstrong, Robyn D. (Nez Perce Tribe, Lapwai, ID)

    1998-06-01

    Chinook salmon populations in the Northwest are decreasing in number. The Nez Perce Tribe was funded in 1997 by the Bonneville Power Administration to coordinate and initiate gene banking of adult male gametes from Endangered Species Act (ESA) listed spring and summer chinook salmon in the Snake River basin.

  10. Pengaruh Pola MACD Histogram IHSG Terhadap Pola MACD Histogram Perusahaan Dari Daftar Indeks LQ45 (Periode Februari s.d Juli 2015 Bursa Efek Jakarta [Effect of MACD Histogram IHSG Patterns to Patterns of Companies Listed on the Jakarta Stock Exchange LQ-45 (Period February till July 2015

    Directory of Open Access Journals (Sweden)

    Heri Fatkhurrokhim

    2015-09-01

    Full Text Available The purpose of this study is to determine the effect of MACDIHSG pattern to the MACD Company pattern in the L045 index on the period of February until July 2015 at the Indonesia Stock Exchange. This study also aims to facilitate investors to make investment decisions in the stock market. This study provides benefits to capital market investors, especially for stock investors in the Indonesia Stock Exchange as a mean of enhancing their insights in the development of technical analysis on investing. For the general public as well in order to know that investing in the stock market differs from gambling since there are analyzes that easy and can be applied very simply. In addition, this research aims to enhance the reader's desire to invest in the stock market. The samples were the closing data price of IHSG and shares ofLQ45 in the period of February until July 2015 in the Indonesia Stock Exchange. Based on the hypothesis testing, it can be explained that the MACD Histogram IHSG has a significant effect on 38 issuers listed in LQ45. As for the difference between the MACD Histogram effect against one company with another company that is very small. From the 38 stocks that rank on the top 3 company, the Summarecon Agung Tbk is on the top 1, that amounted to 98.3348%, then Alam Sutera Reality Lestari Tbk amounted to 98.2376%, and Adhi Katya (Persero Tbk amounted to 98.1320%. The third of these shares have MACD Histogram movement that approaching the MACD Histogram IHSG.

  11. Physicochemical characteristics of the hyporheic zone affect redd site selection of chum and fall chinook salmon, Columbia River, 2001

    International Nuclear Information System (INIS)

    Geist, David R.

    2001-01-01

    Chum salmon (Oncorhynchus keta) may historically have been the most abundant species of Columbia River salmon, contributing as much as 50% of the total biomass of all salmon in the Pacific Ocean prior to the 1940's (Neave 1961). By the 1950's, however, run sizes to the Columbia River dropped dramatically and in 1999 the National Marine Fisheries Service (NMFS) listed Columbia River chum salmon as threatened under the Endangered Species Act (ESA; NMFS 1999). Habitat degradation, water diversions, harvest, and artificial propagation are the major human-induced factors that have contributed to the species decline (NMFS 1998). Columbia River chum salmon spawn exclusively in the lower river below Bonneville Dam, including an area near Ives Island. The Ives Island chum salmon are part of the Columbia River evolutionary significant unit (ESU) for this species, and are included in the ESA listing. In addition to chum salmon, fall chinook salmon (O. tshawytscha) also spawn at Ives Island. Spawning surveys conducted at Ives Island over the last several years show that chum and fall chinook salmon spawned in clusters in different locations (US Fish and Wildlife Service and Washington Department of Fish and Wildlife, unpublished data). The presence of redd clusters suggested that fish were selecting specific habitat features within the study area (Geist and Dauble 1998). Understanding the specific features of these spawning areas is needed to quantify the amount of habitat available to each species so that minimum flows can be set to protect fish and maintain high quality habitat

  12. Deepening Thermocline Displaces Salmon Catch On The Oregon Coast

    Science.gov (United States)

    Harrison, C. S.; Lawson, P.

    2015-12-01

    Establishing a linkage between fish stock distributions and physical oceanography at a fine scale provides insights into the dynamic nature of near-shore ocean habitats. Characterization of habitat preferences adds to our understanding of the ecosystem, and may improve forecasts of distribution for harvest management. The Project CROOS (Collaborative Research on Oregon Ocean Salmon) Chinook salmon catch data set represents an unprecedented high-resolution record of catch location and depth, with associated in-situ temperature measurements and stock identification derived from genetic data. Here we connect this data set with physical ocean observations to gain understanding of how circulation affects salmon catch distributions. The CROOS observations were combined with remote and in situ observations of temperature, as well as a data assimilative regional ocean model that incorporates satellite and HF radar data. Across the CROOS data set, catch is primarily located within the upwelling front over the seamounts and reef structures associated with Heceta and Stonewall Banks along the shelf break. In late September of 2014 the anomalously warm "blob" began to arrive on the Oregon coast coincident with a strong downwelling event. At this time the thermocline deepened from 20 to 40 m, associated with a deepening of salmon catch depth. A cold "bulb" of water over Heceta Bank may have provided a thermal refuge for salmon during the initial onshore movement of the anomalously warm water. These observations suggest that a warming ocean, and regional warming events in particular, will have large effects on fish distributions at local and regional scales, in turn impacting fisheries.

  13. Linkages between Alaskan sockeye salmon abundance, growth at sea, and climate, 1955-2002

    Science.gov (United States)

    Ruggerone, G.T.; Nielsen, J.L.; Bumgarner, J.

    2007-01-01

    We tested the hypothesis that increased growth of salmon during early marine life contributed to greater survival and abundance of salmon following the 1976/1977 climate regime shift and that this, in turn, led to density-dependent reductions in growth during late marine stages. Annual measurements of Bristol Bay (Bering Sea) and Chignik (Gulf of Alaska) sockeye salmon scale growth from 1955 to 2002 were used as indices of body growth. During the first and second years at sea, growth of both stocks tended to be higher after the 1976-1977 climate shift, whereas growth during the third year and homeward migration was often below average. Multiple regression models indicated that return per spawner of Bristol Bay sockeye salmon and adult abundance of western and central Alaska sockeye salmon were positively correlated with growth during the first 2 years at sea and negatively correlated with growth during later life stages. After accounting for competition between Bristol Bay sockeye and Asian pink salmon, age-specific adult length of Bristol Bay salmon increased after the 1976-1977 regime shift, then decreased after the 1989 climate shift. Late marine growth and age-specific adult length of Bristol Bay salmon was exceptionally low after 1989, possibly reducing their reproductive potential. These findings support the hypothesis that greater marine growth during the first 2 years at sea contributed to greater salmon survival and abundance, which in turn led to density-dependent growth during later life stages when size-related mortality was likely lower. Our findings provide new evidence supporting the importance of bottom-up control in marine ecosystems and highlight the complex dynamics of species interactions that continually change as salmon grow and mature in the ocean. ?? 2007 Elsevier Ltd. All rights reserved.

  14. Atlantic salmon breeding program at the National Cold Water Marine Aquaculture Center

    Science.gov (United States)

    The USDA-ARS National Cold Water Marine Aquaculture Center (NCWMAC) in Franklin, ME has been supporting the U.S. coldwater marine aquaculture industry for the past thirteen years by developing a genetically improved North American Atlantic salmon. The St. John's River stock was chosen as the focal ...

  15. Update to the Atlantic salmon breeding program at the National Cold Water Marine Aquaculture Center

    Science.gov (United States)

    The USDA-ARS National Cold Water Marine Aquaculture Center (NCWMAC) in Franklin, ME has been supporting the U.S. coldwater marine aquaculture industry for the past thirteen years by developing a genetically improved North American Atlantic salmon. The St. John's River stock was chosen as the focal ...

  16. Research on Captive Broodstock Technology for Pacific Salmon, 1995 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Swanson, Penny; Pascho, Ronald; Hershberger, William K. (Northwest and Alaska Fisheries Center, Coastal Zone and Estuarine Studies Division, Seattle, WA)

    1996-01-01

    This report summarizes research on captive broodstock technologies conducted during 1995 under Bonneville Power Administration Project 93-56. Investigations were conducted by the National Marine Fisheries Service (NMFS) in cooperation with the US Fish and Wildlife Service, University of Washington, and Northwest Biological Science Center (US Geological Survey). Studies encompassed several categories of research, including fish husbandry, reproductive physiology, immunology, pathology, nutrition, and genetics. Captive broodstock programs are being developed and implemented to aid recovery of endangered Pacific salmon stocks. Like salmon hatchery programs, however, captive broodstock programs are not without problems and risks to natural salmon populations. The research projects described in this report were developed in part based on a literature review, Assessment of the Status of Captive Broodstock Technology for Pacific Salmon. The work was divided into three major research areas: (1) research on sockeye salmon; (2) research on spring chinook salmon; and (3) research on quantitative genetic problems associated with captive broodstock programs. Investigations of nutrition, reproductive physiology, fish husbandry, and fish health were integrated into the research on sockeye and spring chinook salmon. A description of each investigation and its major findings and conclusions is presented.

  17. Doubling sockeye salmon production in the Fraser River—Is this sustainable development?

    Science.gov (United States)

    Henderson, Michael A.; Healey, Michael C.

    1993-11-01

    We evaluate a proposal to double sockeye salmon production from the Fraser River and conclude that significant changes will be required to current management processes, particularly the way available catch is allocated, if the plan is to be consistent with five major principles embodied in the concept of sustainable development. Doubling sockeye salmon production will not, in itself, increase economic equity either regionally or globally. Developing nations may actually be hindered in their attempts to institute other, nonsalmon fisheries in the North Pacific Ocean as a result of the possible interception of salmon. Further, other users of the Fraser River basin will have to forgo opportunities so that salmon habitat can be conserved. If doubling sockeye salmon production is to meet the goal of doing more with less, it will be necessary to develop more efficient technologies to harvest the fish. If increasing salmon production is to reflect the integration of environmental and economic decision making at the highest level, then a serious attempt must be made to incorporate environmental assets into national economic accounting. Finally, to promote biodiversity and cultural self-sufficiency within the Fraser River basin, it will be important to safeguard the small, less-productive salmon stocks as well as the large ones and to allocate a substantial portion of the increased production to the Native Indian community.

  18. Oil risk in oil stocks

    NARCIS (Netherlands)

    Scholtens, Bert; Wang, L

    2008-01-01

    We assess the oil price sensitivities and oil risk premiums of NYSE listed oil & gas firms' returns by using a two-step regression analysis under two different arbitrage pricing models. Thus, we apply the Fama and French (1992) factor returns in a study of oil stocks. In all, we find that the return

  19. Vaccination improves survival of Baltic salmon ( Salmo salar ) smolts in delayed release sea ranching (net-pen period)

    DEFF Research Database (Denmark)

    Buchmann, Kurt; Dalsgaard, Inger; Nielsen, Michael Engelbrecht

    1997-01-01

    Baltic salmon (Salmo salar) of the Finnish Iijoki stock were hatched and reared in freshwater in a salmon hatchery on the Danish island of Bornholm in the Baltic sea. Salmon parr were divided in three groups each comprising 22 000 fish. One group was vaccinated by intraperitoneal injection....... In contrast, no increase of titres was seen in the bath vaccinated and untreated groups. Marked cellular reactions in the abdominal cavity of injected fish were registered. A total of 3000 fish have been tagged and released to evaluate the effect of vaccination on the recapture rate. The implications...

  20. 26 CFR 1.1296-2 - Definition of marketable stock.

    Science.gov (United States)

    2010-04-01

    ... means— (1) Passive foreign investment company (PFIC) stock that is regularly traded, as defined in... section, a class of stock that is traded on one or more qualified exchanges or other markets, as defined... (B) The rules of the exchange effectively promote active trading of listed stocks. (2) Exchange with...

  1. Canada-USA Salmon Shelf Survival Study, 2007-2008 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Trudel, Marc; Tucker, Strahan; Morris, John

    2009-03-09

    Historically, salmon stocks from the Columbia River and Snake River formed one of the most valuable fisheries on the west coast of North America. However, salmon and steelhead returns sharply declined during the 1980s and 1990s to reach nearly 1 million fish. Although several factors may be responsible for the decline of Columbia River salmon and steelhead, there is increasing evidence that these drastic declines were primarily attributable to persistently unfavorable ocean conditions. Hence, an understanding of the effects of ocean conditions on salmon production is required to forecast the return of salmon to the Columbia River basin and to assess the efficacy of mitigation measures such as flow regulation on salmon resources in this system. The Canadian Program on High Seas Salmon has been collecting juvenile salmon and oceanographic data off the west coast of British Columbia and Southeast Alaska since 1998 to assess the effects of ocean conditions on the distribution, migration, growth, and survival of Pacific salmon. Here, we present a summary of the work conducted as part of the Canada-USA Salmon Shelf Survival Study during the 2008 fiscal year and compare these results with those obtained from previous years. The working hypothesis of this research is that fast growth enhances the marine survival of salmon, either because fast growing fish quickly reach a size that is sufficient to successfully avoid predators, or because they accumulate enough energy reserves to better survive their first winter at sea, a period generally considered critical in the life cycle of salmon. Sea surface temperature decreased from FY05 to FY08, whereas, the summer biomass of phytoplankton increased steadily off the west coast of Vancouver Island from FY05 to FY08. As in FY07, zooplankton biomass was generally above average off the west coast of Vancouver Island in FY08. Interestingly, phytoplankton and zooplankton biomass were higher in FY08 than was expected from the observed

  2. Salmon tracing: Genotyping to trace back escapees from salmon aquaculture

    NARCIS (Netherlands)

    Blonk, R.J.W.

    2014-01-01

    The overall objective of the project is to assign an escaped salmon back to the farm responsible for the escape with near 100% accuracy. In this report, the potential of a set of genetic markers to assign an escaped salmon was determined for a set of 12 polymorphic microsatellite markers, provided

  3. Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange

    Directory of Open Access Journals (Sweden)

    Tajus Subqi

    2016-08-01

    Full Text Available This research had analyzed the effect of financial performance and stock beta (systematic risk towards stock price of eight listed companies in Jakarta Islamic Index (JII – LQ 45 for the time period of 2012-2014. The data was gathered by employing literature study and documentation of financial statements. Multiple regressions are used to measure the effect of independent variable towards dependent variable along with ttest and F test. The results based on overall test suggested that only ROE and NPM had opposite direction correlation with the stock price, meanwhile other variables had positive direction correlation. From partial test with 5% level of significance, only EPS and PER had significant effect on stock price while other variables had no effect.   Keywords: financial performance analysis, stock price, stock beta (systematic risk, Jakarta Islamic Index

  4. ADVISABILITY OF MERGING THE BUCHAREST STOCK EXCHANGE AND THE SIBIU MONETARYFINANCIAL AND STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Aura Dudas

    2011-01-01

    Full Text Available Analysis of performances of local stock exchanges in the latest years points out thenecessity of increasing the visibility of the local capital market in the regional andEuropean landscape. A single stock market may have the effect of increased credibility,giving thus an impulse to the number of new listings and of new investors.

  5. Re-Introduction of Lower Columbia River Chum Salmon into Duncan Creek, 2002-2003 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Hillson, Todd D. (Washington Department of Fish and Wildlife, Olympia, WA)

    2003-10-15

    The National Marine Fisheries Service (NMFS) listed Lower Columbia River chum as threatened under the auspices of the Endangered Species Act (ESA) in March of 1999 (64 FR 14508, March 25, 1999). The listing was in response to reduction in abundance from historical levels of more than half a million returning adults to fewer than 10,000 present day spawners. Harvest, loss of habitat, changes in flow regimes, riverbed movement and heavy siltation have been largely responsible for the decline of Columbia River chum salmon. The timing of seasonal changes in river flow and water temperatures is perhaps the most critical factor in structuring the freshwater life history of this species. This is especially true of the population located directly below Bonneville Dam where hydropower operations can block access to spawning sites, dewater redds, strand fry, cause scour or fill of redds and increase sedimentation of spawning gravels. Currently, only two main populations are recognized as genetically distinct in the Columbia River, although spawning has been documented in most lower Columbia River tributaries. The first is located in the Grays River (RKm 34) (Grays population), a tributary of the Columbia, and the second is a group of spawners that utilize the Columbia River just below Bonneville Dam (RKm 235) adjacent to Ives Island and in Hardy and Hamilton creeks (Lower Gorge population). A possible third population of mainstem spawners, found in the fall of 1999, were located spawning above the I-205 bridge (approximately RKm 182), this aggregation is referred to as the Woods Landing/Rivershore population or the I-205 group. The recovery strategy for Lower Columbia River (LCR) chum as outlined in Hatchery Genetic Management Plans (HGMP) has three main tasks. First, determine if remnant populations of LCR chum salmon exist in LCR tributaries. Second, if such populations exist, develop stock-specific recovery plans involving habitat restoration including the creation of

  6. Does the Order Between Dividend Payment and New Stock Issuance Matter to Stock Price? — Evidence from Taiwan

    OpenAIRE

    Mia Twu

    2010-01-01

    I argue that paying dividends before issuing new stock can increase the stock price in the case when firms announce dividend payments and new stock issuance contemporaneously. It enables issuing firms to disentangle the agency problem of paying dividends by newly-raised funds from dividend information for new stock issuances. I employ the seasoned offerings of Taiwan listed firms as the sample, because of their practice of paying dividends once a year. The conditional event study strongly sup...

  7. Fish research project -- Oregon: Investigations into the early life history of naturally produced spring chinook salmon in the Grande Ronde River Basin. Annual progress report, 1 September 1995--31 August 1996

    International Nuclear Information System (INIS)

    Jonasson, B.C.; Carmichael, R.W.; Keefe, M.

    1997-09-01

    Historically, the Grande Ronde River produced an abundance of salmonids including stocks of spring, summer and fall chinook salmon, sockeye salmon, coho salmon, and summer steelhead. During the past century, numerous factors have caused the reduction of salmon stocks such that only sustainable stocks of spring chinook salmon and summer steelhead remain. The sizes of spring chinook salmon populations in the Grande Ronde River basin also have been declining steadily and are substantially depressed from estimates of historic levels. In addition to a decline in population abundance, a reduction of spring chinook salmon spawning distribution is evident in the Grande Ronde River basin. Numerous factors are thought to contribute to the decline of spring chinook salmon in the Snake River and its tributaries. These factors include passage problems and increased mortality of juvenile and adult migrants at mainstem Columbia and Snake river dams, overharvest, and habitat degradation associated with timber, agricultural, and land development practices. This study was designed to describe aspects of the life history strategies exhibited by spring chinook salmon in the Grande Ronde River basin. During the past year the focus was on rearing and migration patterns of juveniles in the upper Grande Ronde River and Catherine Creek. The study design included three objectives: (1) document the annual in-basin migration patterns for spring chinook salmon juveniles in the upper Grande Ronde River and Catherine Creek, including the abundance of migrants, migration timing and duration; (2) estimate and compare smolt survival indices to mainstem Columbia and Snake river dams for fall and spring migrating spring chinook salmon; and (3) determine summer and winter habitat utilization and preference of juvenile spring chinook salmon in the upper Grande Ronde River and Catherine Creek

  8. Disclosure ambiental dos produtores de etanol com ações listadas na Bovespa e Nyse - Environmental disclosure by ethanol producers listed on the Bovespa and Nyse stock exchanges

    Directory of Open Access Journals (Sweden)

    Cassio Luiz Vellani

    2009-05-01

    ethanol producers listed on the BOVESPA and NYSE stock exchanges report the expenditures and benefits incurred by their environmental activities: do they report monetary values or words only? Is their a pattern of disclosure? On the basis of case study research, it is concluded that ethanol-producing firms listed on BOVESPA and the NYSE disclose environmental information by means of written, non-financial texts contained in the accounting reports sent to SEC and CVM, respectively. The amount of environmental expenditures and benefits are not completely cited. An evolving pattern can be perceived. It can be said that firms still report only what is required by law and regulatory bodies. No evidence was found of economic-financial environmental reports.

  9. Monitoring the migrations of wild Snake River spring/summer chinook salmon smolts, 1995. Annual report

    International Nuclear Information System (INIS)

    Achord, S.; Eppard, M.B.; Sandford, B.P.; Matthews, G.M.

    1996-09-01

    We PIT tagged wild spring/summer chinook-salmon parr in the Snake River Basin in 1994 and subsequently monitored these fish during their smolt migration through Lower Granite, Little Goose, Lower Monumental, McNary, John Day, and Bonneville Darns during spring, summer, and fall 1995. This report details our findings. The goals of this study are to (1) characterize the migration timing of different wild stocks of Snake River spring/summer chinook salmon smolts at dams on the Snake and Columbia Rivers, (2) determine if consistent patterns are apparent, and (3) determine what environmental factors influence migration timing

  10. Accounting for escape mortality in fisheries: implications for stock productivity and optimal management.

    Science.gov (United States)

    Baker, Matthew R; Schindler, Daniel E; Essington, Timothy E; Hilborn, Ray

    2014-01-01

    Few studies have considered the management implications of mortality to target fish stocks caused by non-retention in commercial harvest gear (escape mortality). We demonstrate the magnitude of this previously unquantified source of mortality and its implications for the population dynamics of exploited stocks, biological metrics, stock productivity, and optimal management. Non-retention in commercial gillnet fisheries for Pacific salmon (Oncorhynchus spp.) is common and often leads to delayed mortality in spawning populations. This represents losses, not only to fishery harvest, but also in future recruitment to exploited stocks. We estimated incidence of non-retention in Alaskan gillnet fisheries for sockeye salmon (O. nerka) and found disentanglement injuries to be extensive and highly variable between years. Injuries related to non-retention were noted in all spawning populations, and incidence of injury ranged from 6% to 44% of escaped salmon across nine river systems over five years. We also demonstrate that non-retention rates strongly correlate with fishing effort. We applied maximum likelihood and Bayesian approaches to stock-recruitment analyses, discounting estimates of spawning salmon to account for fishery-related mortality in escaped fish. Discounting spawning stock estimates as a function of annual fishing effort improved model fits to historical stock-recruitment data in most modeled systems. This suggests the productivity of exploited stocks has been systematically underestimated. It also suggests that indices of fishing effort may be used to predict escape mortality and correct for losses. Our results illustrate how explicitly accounting for collateral effects of fishery extraction may improve estimates of productivity and better inform management metrics derived from estimates of stock-recruitment analyses.

  11. Understanding the Complexities of Communicating Management Decisions on the Subsistence Use of Yukon River Salmon

    Science.gov (United States)

    Brooks, J. F.; Trainor, S.

    2017-12-01

    Over 20,000 residents in Alaska and Yukon Territory rely upon the Yukon River to provide them harvests of Pacific salmon each year. Salmon are a highly valued food resource and the practice of salmon fishing along the Yukon is deep rooted in local cultures and traditions. Potential future impacts of climate change on the health of Yukon River salmon stocks could be significant. Collaborative managerial processes which incorporate the viewpoints of subsistence stakeholders will be crucial in enabling communities and managerial institutions to adapt and manage these impacts. However, the massive extent of the Yukon River makes it difficult for communities rich with highly localized knowledge to situate themselves within a drainage-wide context of resource availability, and to fully understand the implications that management decisions may have for their harvest. Differences in salmon availability and abundance between the upper and lower Yukon, commercial vs. subsistence fishery interests, and enforcement of the international Pacific Salmon Treaty further complicate understanding and makes the topic of salmon as a subsistence resource a highly contentious issue. A map which synthesizes the presence and absence of Pacific salmon throughout the entire Yukon River drainage was requested by both subsistence fishers and natural resource managers in Alaska in order to help facilitate productive conversations about salmon management decisions. Interviews with Alaskan stakeholders with managerial, biological, and subsistence harvest backgrounds were carried out and a literature review was conducted in order to understand what such a map should and could accomplish. During the research process, numerous data gaps concerning the distribution of salmon along the Yukon River were discovered, and insights about the complexities involved in translating science when it is situated within a charged political, economic, and cultural context were revealed. Preliminary maps depicting

  12. Research on Captive Broodstock Programs for Pacific Salmon, 2004-2005 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Berejikian, Barry A. (National Marine Fisheries Service)

    2005-11-01

    The success of captive broodstock programs depends on high in-culture survival, appropriate development of the reproductive system, and the behavior and survival of cultured salmon after release, either as adults or juveniles. Continuing captive broodstock research designed to improve technology is being conducted to cover all major life history stages of Pacific salmon. Accomplishments detailed in this report and those since the last project review period (FY 2003) are listed below by major objective. Objective 1: (i) Developed tools for monitoring the spawning success of captively reared Chinook salmon that can now be used for evaluating the reintroduction success of ESA-listed captive broodstocks in their natal habitats. (ii) Developed an automated temperature controlled rearing system to test the effects of seawater rearing temperature on reproductive success of Chinook salmon. Objective 2: (i) Determined that Columbia River sockeye salmon imprint at multiple developmental stages and the length of exposure to home water is important for successful imprinting. These results can be utilized for developing successful reintroduction strategies to minimize straying by ESA-listed sockeye salmon. (ii) Developed behavioral and physiological assays for imprinting in sockeye salmon. Objective 3: (i) Developed growth regime to reduce age-two male maturation in spring Chinook salmon, (ii) described reproductive cycle of returning hatchery Snake River spring Chinook salmon relative to captive broodstock, and (iii) found delays in egg development in captive broodstock prior to entry to fresh water. (iv) Determined that loss of Redfish Lake sockeye embryos prior to hatch is largely due to lack of egg fertilization rather than embryonic mortality. Objective 4 : (i) Demonstrated safety and efficacy limits against bacterial kidney disease (BKD) in fall Chinook of attenuated R. salmoninarum vaccine and commercial vaccine Renogen, (ii) improved prophylactic and therapeutic

  13. Mark Stock | NREL

    Science.gov (United States)

    Stock Mark Stock Scientific Visualization Specialist Mark.Stock@nrel.gov | 303-275-4174 Dr. Stock , virtual reality, parallel computing, and manipulation of large spatial data sets. As an artist, he creates . Stock built the SUNLIGHT artwork that is installed on the Webb Building in downtown Denver. In addition

  14. Salmon Life Histories, Habitat, and Food Webs in the Columbia River Estuary: An Overview of Research Results, 2002-2006.

    Energy Technology Data Exchange (ETDEWEB)

    Bottom, Daniel L.; Anderson, Greer; Baptisa, Antonio

    2008-08-01

    From 2002 through 2006 we investigated historical and contemporary variations in juvenile Chinook salmon Oncorhynchus tshawytscha life histories, habitat associations, and food webs in the lower Columbia River estuary (mouth to rkm 101). At near-shore beach-seining sites in the estuary, Chinook salmon occurred during all months of the year, increasing in abundance from January through late spring or early summer and declining rapidly after July. Recently emerged fry dispersed throughout the estuary in early spring, and fry migrants were abundant in the estuary until April or May each year. Each spring, mean salmon size increased from the tidal freshwater zone to the estuary mouth; this trend may reflect estuarine growth and continued entry of smaller individuals from upriver. Most juvenile Chinook salmon in the mainstem estuary fed actively on adult insects and epibenthic amphipods Americorophium spp. Estimated growth rates of juvenile Chinook salmon derived from otolith analysis averaged 0.5 mm d-1, comparable to rates reported for juvenile salmon Oncorhynchus spp. in other Northwest estuaries. Estuarine salmon collections were composed of representatives from a diversity of evolutionarily significant units (ESUs) from the lower and upper Columbia Basin. Genetic stock groups in the estuary exhibited distinct seasonal and temporal abundance patterns, including a consistent peak in the Spring Creek Fall Chinook group in May, followed by a peak in the Western Cascades Fall Chinook group in July. The structure of acanthocephalan parasite assemblages in juvenile Chinook salmon from the tidal freshwater zone exhibited a consistent transition in June. This may have reflected changes in stock composition and associated habitat use and feeding histories. From March through July, subyearling Chinook salmon were among the most abundant species in all wetland habitat types (emergent, forested, and scrub/shrub) surveyed in the lower 100 km of the estuary. Salmon densities

  15. Salmon Population Summary - Impacts of climate change on Pacific salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This work involves 1) synthesizing information from the literature and 2) modeling impacts of climate change on specific aspects of salmon life history and...

  16. Utilization of smoked salmon trim in extruded smoked salmon jerky.

    Science.gov (United States)

    Kong, J; Dougherty, M P; Perkins, L B; Camire, M E

    2012-06-01

    During smoked salmon processing, the dark meat along the lateral line is removed before packaging; this by-product currently has little economic value. In this study, the dark meat trim was incorporated into an extruded jerky. Three formulations were processed: 100% smoked trim, 75% : 25% smoked trim : fresh salmon fillet, and 50% : 50% smoked trim : fresh salmon blends (w/w basis). The base formulation contained salmon (approximately 83.5%), tapioca starch (8%), pregelatinized potato starch (3%), sucrose (4%), salt (1.5%), sodium nitrate (0.02%), and ascorbyl palmitate (0.02% of the lipid content). Blends were extruded in a laboratory-scale twin-screw extruder and then hot-smoked for 5 h. There were no significant differences among formulations in moisture, water activity, and pH. Protein was highest in the 50 : 50 blend jerky. Ash content was highest in the jerky made with 100% trim. Total lipids and salt were higher in the 100% trim jerky than in the 50 : 50 blend. Hot smoking did not adversely affect docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA) content in lipids from 100% smoked trim jerky. Servings of salmon jerky made with 75% and 100% smoked trim provided at least 500 mg of EPA and DHA. The 50 : 50 formulation had the highest Intl. Commission on Illumination (CIE) L*, a*, and b* color values. Seventy consumers rated all sensory attributes as between "like slightly" and "like moderately." With some formulation and processing refinements, lateral line trim from smoked salmon processors has potential to be incorporated into acceptable, healthful snack products. Dark meat along the lateral line is typically discarded by smoked salmon processors. This omega-3 fatty acid rich by-product can be used to make a smoked salmon jerky that provides a convenient source of these healthful lipids for consumers. © 2012 Institute of Food Technologists®

  17. Trophic ontogeny of fluvial Bull Trout and seasonal predation on Pacific Salmon in a riverine food web

    Science.gov (United States)

    Lowery, Erin D.; Beauchamp, David A.

    2015-01-01

    Bull Trout Salvelinus confluentus are typically top predators in their host ecosystems. The Skagit River in northwestern Washington State contains Bull Trout and Chinook Salmon Oncorhynchus tshawytschapopulations that are among the largest in the Puget Sound region and also contains a regionally large population of steelhead O. mykiss (anadromous Rainbow Trout). All three species are listed as threatened under the Endangered Species Act (ESA). Our objective was to determine the trophic ecology of Bull Trout, especially their role as predators and consumers in the riverine food web. We seasonally sampled distribution, diets, and growth of Bull Trout in main-stem and tributary habitats during 2007 and winter–spring 2008. Consumption rates were estimated with a bioenergetics model to (1) determine the annual and seasonal contributions of different prey types to Bull Trout energy budgets and (2) estimate the potential impacts of Bull Trout predation on juvenile Pacific salmon populations. Salmon carcasses and eggs contributed approximately 50% of the annual energy budget for large Bull Trout in main-stem habitats, whereas those prey types were largely inaccessible to smaller Bull Trout in tributary habitats. The remaining 50% of the energy budget was acquired by eating juvenile salmon, resident fishes, and immature aquatic insects. Predation on listed Chinook Salmon and steelhead/Rainbow Trout was highest during winter and spring (January–June). Predation on juvenile salmon differed between the two study years, likely due to the dominant odd-year spawning cycle for Pink Salmon O. gorbuscha. The population impact on ocean- and stream-type Chinook Salmon was negligible, whereas the impact on steelhead/Rainbow Trout was potentially very high. Due to the ESA-listed status of Bull Trout, steelhead, and Chinook Salmon, the complex trophic interactions in this drainage provide both challenges and opportunities for creative adaptive management strategies.

  18. Compliance Monitoring of Juvenile Yearling Chinook Salmon and Steelhead Survival and Passage at The Dalles Dam, Spring 2011

    Energy Technology Data Exchange (ETDEWEB)

    Skalski, John R.; Townsend, Richard L.; Seaburg, Adam; Johnson, Gary E.; Ploskey, Gene R.; Carlson, Thomas J.

    2012-06-12

    The study estimated dam passage survival at The Dalles Dam as stipulated by the 2008 Federal Columbia River Power System (FCRPS) Biological Opinion (BiOp) and provided additional performance measures as stipulated in the Columbia Basin Fish Accords. This summary report focuses on spring run stocks, yearling Chinook salmon and steelhead.

  19. Compliance Monitoring of Juvenile Yearling Chinook Salmon and Steelhead Survival and Passage at The Dales Dam, Spring 2011

    Energy Technology Data Exchange (ETDEWEB)

    Skalski, John R.; Townsend, Richard L.; Seaburg, Adam; Johnson, Gary E.; Ploskey, Gene R.; Carlson, Thomas J.

    2012-02-01

    The study estimated dam passage survival at The Dalles Dam as stipulated by the 2008 Federal Columbia River Power System (FCRPS) Biological Opinion (BiOp) and provided additional performance measures as stipulated in the Columbia Basin Fish Accords. This summary report focuses on spring run stocks, yearling Chinook salmon and steelhead.

  20. 50 CFR 226.205 - Critical habitat for Snake River sockeye salmon, Snake River fall chinook salmon, and Snake River...

    Science.gov (United States)

    2010-10-01

    ... salmon, Snake River fall chinook salmon, and Snake River spring/summer chinook salmon. 226.205 Section... Snake River sockeye salmon, Snake River fall chinook salmon, and Snake River spring/summer chinook salmon. The following areas consisting of the water, waterway bottom, and adjacent riparian zone of...

  1. Seasonal marine growth of Bristol Bay sockeye salmon (Oncorhynchus nerka) in relation to competition with Asian pink salmon (O. gorbuscho) and the 1977 ocean regime shift

    Science.gov (United States)

    Ruggerone, Gregory T.; Farley, Ed; Nielsen, Jennifer L.; Hagen, Peter

    2005-01-01

    Recent research demonstrated significantly lower growth and survival of Bristol Bay sockeye salmon (Oncorhynchus nerka) during odd-numbered years of their second or third years at sea (1975, 1977, etc.), a trend that was opposite that of Asian pink salmon (O. gorbuscha) abundance. Here we evaluated seasonal growth trends of Kvichak and Egegik river sockeye salmon (Bristol Bay stocks) during even- and odd-numbered years at sea by measuring scale circuli increments within each growth zone of each major salmon age group between 1955 and 2000. First year scale growth was not significantly different between odd- and even-numbered years, but peak growth of age-2. smolts was significantly higher than age-1 smolts. Total second and third year scale growth of salmon was significantly lower during odd- than during even-numbered years. However, reduced scale growth in odd-numbered years began after peak growth in spring and continued through summer and fall even though most pink salmon had left the high seas by late July (10-18% growth reduction in odd vs. even years). The alternating odd and even year growth pattern was consistent before and after the 1977 ocean regime shift. During 1977-2000, when salmon abundance was relatively great, sockeye salmon growth was high during specific seasons compared with that during 1955-1976, that is to say, immediately after entry to Bristol Bay, after peak growth in the first year, during the middle of the second growing season, and during spring of the third season. Growth after the spring peak in the third year at sea was relatively low during 1977-2000. We hypothesize that high consumption rates of prey by pink salmon during spring through mid-July of odd-numbered years, coupled with declining zooplankton biomass during summer and potentially cyclic abundances of squid and other prey, contributed to reduced prey availability and therefore reduced growth of Bristol Bay sockeye salmon during late spring through fall of odd-numbered years.

  2. Sockeye salmon evolution, ecology, and management

    Science.gov (United States)

    Woody, Carol Ann

    2007-01-01

    This collection of articles and photographs gives managers a good idea of recent research into what the sockeye salmon is and does, covering such topics as the vulnerability and value of sockeye salmon ecotypes, their homing ability, using new technologies to monitor reproduction, DNA and a founder event in the Lake Clark sockeye salmon, marine-derived nutrients, the exploitation of large prey, dynamic lake spawning migrations by females, variability of sockeye salmon residence, expression profiling using cDNA microarray technology, learning from stable isotropic records of native otolith hatcheries, the amount of data needed to manage sockeye salmon and estimating salmon "escapement." 

  3. Global assessment of extinction risk to populations of Sockeye salmon Oncorhynchus nerka.

    Directory of Open Access Journals (Sweden)

    Peter S Rand

    Full Text Available BACKGROUND: Concern about the decline of wild salmon has attracted the attention of the International Union for the Conservation of Nature (IUCN. The IUCN applies quantitative criteria to assess risk of extinction and publishes its results on the Red List of Threatened Species. However, the focus is on the species level and thus may fail to show the risk to populations. The IUCN has adapted their criteria to apply to populations but there exist few examples of this type of assessment. We assessed the status of sockeye salmon Oncorhynchus nerka as a model for application of the IUCN population-level assessments and to provide the first global assessment of the status of an anadromous Pacific salmon. METHODS/PRINCIPAL FINDINGS: We found from demographic data that the sockeye salmon species is not presently at risk of extinction. We identified 98 independent populations with varying levels of risk within the species' range. Of these, 5 (5% are already extinct. We analyzed the risk for 62 out of 93 extant populations (67% and found that 17 of these (27% are at risk of extinction. The greatest number and concentration of extinct and threatened populations is in the southern part of the North American range, primarily due to overfishing, freshwater habitat loss, dams, hatcheries, and changing ocean conditions. CONCLUSIONS/SIGNIFICANCE: Although sockeye salmon are not at risk at the species-level, about one-third of the populations that we analyzed are at risk or already extinct. Without an understanding of risk to biodiversity at the level of populations, the biodiversity loss in salmon would be greatly underrepresented on the Red List. We urge government, conservation organizations, scientists and the public to recognize this limitation of the Red List. We also urge recognition that about one-third of sockeye salmon global population diversity is at risk of extinction or already extinct.

  4. Physiological development and vulnerability to Ceratomyxa shasta of fall-run Chinook Salmon in the Upper Klamath River Watershed

    Science.gov (United States)

    Maule, Alec G.; Vanderkooi, Scott P.; Hamilton, John B; Stocking , Richard; Bartholomew, Jerri

    2009-01-01

    We evaluated a stock for restoring runs of fall Chinook salmon Oncorhynchus tshawytscha in the Upper Klamath River basin by monitoring its development in Iron Gate Hatchery and in net-pens in the Williamson River and Upper Klamath Lake in Oregon. We transferred age-1 hatchery fall Chinook salmon to net-pens in October 2005 and age-0 fall Chinook salmon in May 2006. Indices of smolt development were assessed in the hatchery and after 3 and 14 d in net-pens. Based on gill Na+, K+-ATPase activity and plasma thyroxine (T4) concentration, age-1 Chinook salmon were not developing smolt characteristics in the hatchery during October. Fish transferred to the river or lake had increased plasma cortisol in response to stress and increased T4 accompanying the change in water, but they did not have altered development. Variables in the age-0 Chinook salmon indicated that the fish in the hatchery were smolting. The fish in the river net-pens lost mass and had gill ATPase activity similar to that of the fish in the hatchery, whereas the fish transferred to the lake gained mass and length, had reduced condition factor, and had higher gill ATPase than the fish in the river. These results, along with environmental variables, suggest that the conditions in the lake were more conducive to smoltification than those in the river and thus accelerated the development of Chinook salmon. No Chinook salmon in the hatchery or either net-pen became infected with the myxosporean parasite Ceratomyxa shasta (the presence of which in the river and lake was confirmed) during either trial or when held for 90 d after a 10-d exposure in net-pens (2006 group). We concluded that that there is little evidence of physiological impairment or significant upriver vulnerability to C. shasta among this stock of fall Chinook salmon that would preclude them from being reintroduced into the Upper Klamath River basin.

  5. THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Laduna R.

    2018-01-01

    Full Text Available Stock price index can be regarded as a barometer in the measuremet of a nation’s economic condition, besides it can also be used in conducting statistical analysis on the current market. Stock is the proof of one’s share in a company in the form of securities issued by the listed go-public companies. This study was conducted to measure the effect of macroeconomic variables such as inflation, interest rate, and exchange rate on banking stock price index in Indonesia stock exchange or Bursa Efek Indonesia (BEI. The results of study show that inflation and exchange rate posively influence the stock price index. The positive effect of the exchange rate shows that issuers who were positively affected by Rupiah (IDR depreciation appear to be the most dominant group. Meanwhile, the interest rate or Suku Bunga (SBI has a negative effect. Lower interest rate stimulates higher investments and better economic activities which increase the stock price.

  6. Adult Chinook Salmon Abundance Monitoring in Lake Creek, Idaho, Annual Report 2001.

    Energy Technology Data Exchange (ETDEWEB)

    Faurot, Dave

    2002-12-01

    Underwater time-lapse video technology has been used to monitor adult spring and summer chinook salmon (Oncorhynchus tshawytscha) escapement into the Secesh River and Lake Creek, Idaho, since 1998. Underwater time- lapse videography is a passive methodology that does not trap or handle this Endangered Species Act listed species. Secesh River chinook salmon represent a wild spawning aggregate that has not been directly supplemented with hatchery fish. The Secesh River is also a control stream under the Idaho Salmon Supplementation study. This project has successfully demonstrated the application of underwater video monitoring to accurately quantify chinook salmon abundance in Lake Creek in 1998, 1999 and 2001. The adult salmon spawner escapement estimate into Lake Creek in 2001 was 697 fish, the largest escapement since the project began. Jack salmon comprised 10% of the spring migration. Snow pack in the drainage was 38% of the average during the winter of 2000/2001. The first fish passage on Lake Creek was recorded on June 9, 19 days after installation of the fish counting station and two weeks earlier than previously reported. Peak net upstream movement of 52 adults occurred on June 22. Peak of total movement activity was July 3. The last fish passed through the Lake Creek fish counting station on September 6. Redd count expansion methods were compared to underwater video determined salmon spawner abundance in Lake Creek in 2001. Expanded index area redd count point estimates and intensive area redd counts in 2001, estimated from 1.3 percent fewer to 56 percent greater number of spawners than underwater video determined spawner abundance. Redd count expansion values had unknown variation associated with the point estimates. Fish per redd numbers in Lake Creek have varied widely. In 2001 there were 2.07 fish per redd. In 1999, there were 3.58 fish per redd, and in 1998, with no jacks returning to spawn, there were 1.02 fish per redd. Migrating salmon in Lake Creek

  7. Snake River Sockeye Salmon Captive Broodstock Program Hatchery Element : Project Progress Report 2007 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Baker, Dan J.; Heindel, Jeff A.; Green, Daniel G.; Kline, Paul A.

    2008-12-17

    Numbers of Snake River sockeye salmon Oncorhynchus nerka have declined dramatically in recent years. In Idaho, only the lakes of the upper Salmon River (Sawtooth Valley) remain as potential sources of production (Figure 1). Historically, five Sawtooth Valley lakes (Redfish, Alturas, Pettit, Stanley, and Yellowbelly) supported sockeye salmon (Bjornn et al. 1968; Chapman et al. 1990). Currently, only Redfish Lake receives a remnant anadromous run. On April 2, 1990, the National Oceanic and Atmospheric Administration Fisheries Service (NOAA - formerly National Marine Fisheries Service) received a petition from the Shoshone-Bannock Tribes (SBT) to list Snake River sockeye salmon as endangered under the United States Endangered Species Act (ESA) of 1973. On November 20, 1991, NOAA declared Snake River sockeye salmon endangered. In 1991, the SBT, along with the Idaho Department of Fish & Game (IDFG), initiated the Snake River Sockeye Salmon Sawtooth Valley Project (Sawtooth Valley Project) with funding from the Bonneville Power Administration (BPA). The goal of this program is to conserve genetic resources and to rebuild Snake River sockeye salmon populations in Idaho. Coordination of this effort is carried out under the guidance of the Stanley Basin Sockeye Technical Oversight Committee (SBSTOC), a team of biologists representing the agencies involved in the recovery and management of Snake River sockeye salmon. National Oceanic and Atmospheric Administration Fisheries Service ESA Permit Nos. 1120, 1124, and 1481 authorize IDFG to conduct scientific research on listed Snake River sockeye salmon. Initial steps to recover the species involved the establishment of captive broodstocks at the Eagle Fish Hatchery in Idaho and at NOAA facilities in Washington State (for a review, see Flagg 1993; Johnson 1993; Flagg and McAuley 1994; Kline 1994; Johnson and Pravecek 1995; Kline and Younk 1995; Flagg et al. 1996; Johnson and Pravecek 1996; Kline and Lamansky 1997; Pravecek and

  8. Effects of salmon lice infection and salmon lice protection on fjord migrating Atlantic salmon and brown trout post-smolts

    DEFF Research Database (Denmark)

    Sivertsgard, Rolf; Thorstad, Eva B.; Okland, Finn

    2007-01-01

    Effects of artificial salmon lice infection and pharmaceutical salmon lice prophylaxis on survival and rate of progression of Atlantic salmon (n = 72) and brown trout post-smolts (n = 72) during their fjord migration, were studied by telemetry. The infected groups were artificially exposed...... to infective salmon lice larvae in the laboratory immediately before release in the inner part of the fjord to simulate a naturally high infection pressure. Groups of infected Atlantic salmon (n = 20) and brown trout (n = 12) were also retained in the hatchery to control the infection intensity and lice...... development during the study period. Neither salmon lice infection nor pharmaceutical prophylaxis had any effects on survival and rate of progression of fjord migrating Atlantic salmon post-smolts compared to control fish. Atlantic salmon spent on average only 151.2 h (maximum 207.3 h) in passing the 80 km...

  9. Escapement monitoring of adult chinook salmon in the Secesh River and Lake Creek, Idaho, 1999; ANNUAL

    International Nuclear Information System (INIS)

    Faurot, Dave; Kucera, Paul A.

    2001-01-01

    Underwater time-lapse video technology was used to monitor adult spring and summer chinook salmon abundance in spawning areas in Lake Creek and the Secesh River, Idaho, in 1999. This technique is a passive methodology that does not trap or handle this Endangered Species Act listed species. This was the third year of testing the remote application of this methodology in the Secesh River drainage. Secesh River chinook salmon represent a wild salmon spawning aggregate that has not been directly supplemented with hatchery fish. Adult chinook salmon spawner abundance was estimated in Lake Creek with the remote time-lapse video application. Adult spawner escapement into Lake Creek in 1999 was 67 salmon. Significant upstream and downstream spawner movement affected the ability to determine the number of fish that contributed to the spawning population. The first passage on Lake Creek was recorded on July 11, two days after installation of the fish counting station. Peak net upstream adult movement occurred at the Lake Creek site on July 20, peak of total movement activity was August 19 with the last fish observed on August 26. A minimum of 133 adult chinook salmon migrated upstream past the Secesh River fish counting station to spawning areas in the Secesh River drainage. The first upstream migrating adult chinook salmon passed the Secesh River site prior to the July 15 installation of the fish counting station. Peak net upstream adult movement at the Secesh River site occurred July 19, peak of total movement was August 15, 17 and 18 and the last fish passed on September 10. Migrating salmon in the Secesh River and Lake Creek exhibited two behaviorally distinct segments of fish movement. Mainly upstream only, movement characterized the first segment. The second segment consisted of upstream and downstream movement with very little net upstream movement. Estimated abundance was compared to single and multiple-pass redd count surveys within the drainage. There were

  10. AquAdvantage Salmon Genetically modified organism

    OpenAIRE

    Núñez Saurí, Ester; Universitat Autònoma de Barcelona. Facultat de Veterinària

    2014-01-01

    Póster AquAdvantage Salmon is a genetically modified organism developed by AquBounty Technologies. The objective of this transgenic organism is to increase the growth rate to obtain the same of conventional salmon faster.

  11. Juvenile Pacific Salmon in Puget Sound

    National Research Council Canada - National Science Library

    Fresh, Kurt L

    2006-01-01

    Puget sound salmon (genus Oncorhynchus) spawn in freshwater and feed, grow and mature in marine waters, During their transition from freshwater to saltwater, juvenile salmon occupy nearshore ecosystems in Puget Sound...

  12. Ecology of Juvenile Salmon in Shallow Tidal Freshwater Habitats in the Vicinity of the Sandy River Delta, Lower Columbia River, 2008 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Sather, NK; Johnson, GE; Storch, AJ [Pacific Northwest National Laboratory

    2009-07-06

    The tidal freshwater monitoring (TFM) project reported herein is part of the research, monitoring, and evaluation effort developed by the Action Agencies (Bonneville Power Administration, the U.S. Army Corps of Engineers [USACE], and the U.S. Bureau of Reclamation) in response to obligations arising from the Endangered Species Act (ESA) as a result of operation of the Federal Columbia River Power System. The project is being performed under the auspices of the Northwest Power and Conservation Council's Columbia Basin Fish and Wildlife Program (Project No. 2005-001-00). The research is a collaborative effort among the Pacific Northwest National Laboratory, the Oregon Department of Fish and Wildlife, the National Marine Fisheries Service, and the University of Washington. The overarching goal of the TFM project is to bridge the gap in knowledge between tidal freshwater habitats and the early life history attributes of migrating salmon. The research questions include: In what types of habitats within the tidal freshwater area of the Columbia River are juvenile salmon found, when are they present, and under what environmental conditions? What is the ecological contribution of shallow (0-5 m) tidal freshwater habitats to the recovery of ESA-listed salmon in the Columbia River basin? Field data collection for the TFM project commenced in June 2007 and since then has continued monthly at six to nine sites in the vicinity of the Sandy River delta (river kilometer 192-208). While this report includes summary data spanning the 19-month period of study from June 2007 through December 2008, it highlights sampling conducted during calendar year 2008. Detailed data for calendar year 2007 were reported previously. The 2008 research objectives were as follows: (1) Characterize the vegetation composition and percent cover, conventional water quality, water surface elevation, substrate composition, bathymetry, and beach slope at the study sites within the vicinity of the Sandy

  13. Role of economics in endangered species act activities related to Snake River salmon

    International Nuclear Information System (INIS)

    Woodruff, E.J.; Huppert, D.D.

    1993-01-01

    The development of recovery actions for the species of Snake River Salmon listed under the Endangered Species Act (ESA) must consider a wide range of actions covering the different life-cycles of the species. This paper examines the possible role of economic analysis in assisting in selection of actions to undertake and draws heavily on similar opinions presented by others in the region

  14. Grande Ronde Basin Chinook Salmon Captive Brood and Conventional Supplementation Programs, 1999 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Carmichael, Richard W. (Oregon Department of Fish And Wildlife, La Grande, OR)

    2003-03-01

    Permit Number 1011 (formerly Permit No. 973) authorized ODFW to take listed spring chinook salmon juveniles from Catherine Creek and the Lostine and Grande Ronde rivers for scientific research and enhancement purposes. Special condition 2a specified the need for an annual report prior to initiation of next year's work.

  15. Grande Ronde Basin Chinook Salmon Captive Brood and Conventional Supplementation Programs, 1998 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Carmichael, Richard W. (Oregon Department of Fish and Wildlife, La Grande, OR)

    2003-03-01

    Permit Number 1011 (formerly Permit No. 973) authorized ODFW to take listed spring chinook salmon juveniles from Catherine Creek and the Lostine and Grande Ronde rivers for scientific research and enhancement purposes. Special condition 2a specified the need for an annual report prior to initiation of next years work.

  16. Merits and Limits of Ecosystem Protection for Conserving Wild Salmon in a Northern Coastal British Columbia River

    Directory of Open Access Journals (Sweden)

    Aaron C. Hill

    2010-06-01

    Full Text Available Loss and degradation of freshwater habitat reduces the ability of wild salmon populations to endure other anthropogenic stressors such as climate change, harvest, and interactions with artificially propagated fishes. Preservation of pristine salmon rivers has thus been advocated as a cost-effective way of sustaining wild Pacific salmon populations. We examine the value of freshwater habitat protection in conserving salmon and fostering resilience in the Kitlope watershed in northern coastal British Columbia - a large (3186 km2 and undeveloped temperate rainforest ecosystem with legislated protected status. In comparison with other pristine Pacific Rim salmon rivers we studied, the Kitlope is characterized by abundant and complex habitats for salmon that should contribute to high resilience. However, biological productivity in this system is constrained by naturally cold, light limited, ultra-oligotrophic growing conditions; and the mean (± SD density of river-rearing salmonids is currently low (0.32 ± 0.27 fish per square meter; n = 36 compared to our other four study rivers (grand mean = 2.55 ± 2.98 fish per square meter; n = 224. Existing data and traditional ecological knowledge suggest that current returns of adult salmon to the Kitlope, particularly sockeye, are declining or depressed relative to historic levels. This poor stock status - presumably owing to unfavorable conditions in the marine environment and ongoing harvest in coastal mixed-stock fisheries - reduces the salmon-mediated transfer of marine-derived nutrients and energy to the system's nutrient-poor aquatic and terrestrial food webs. In fact, Kitlope Lake sediments and riparian tree leaves had marine nitrogen signatures (δ15N among the lowest recorded in a salmon ecosystem. The protection of the Kitlope watershed is undoubtedly a conservation success story. However, "salmon strongholds" of pristine watersheds may not adequately sustain salmon populations and foster

  17. Effect of habitat improvement on Atlantic salmon in the regulated river Suldalslaagen

    International Nuclear Information System (INIS)

    Raastad, J.E.; Lillehammer, A.; Lillehammer, L.; Eie, J.A.

    1993-01-01

    The River Suldaalslagen, which holds a population of large Atlantic salmon, has been regulated twice for hydropower production. The first regulation occurred in 1968 and the second in 1980. Present problems include the reduced density of benthic fauna, the reduced growth rate of young salmon, the low survival of 0 + fish and the increased time required for smoltification. A programme of habitat restoration includes building a rearing channel system where water flow and the substrate can be controlled. The salmon fry are stocked in the rearing channel and in an adjacent tributary stream. The effects on macrobenthos of introduced dead organic material were also studied. Improvement of physical habitat increased the density of benthic animals, and the survival of 1 + salmon was about 30%. Experiments that included adding 115 g wheat/m 2 resulted in a threefold increase in benthic fauna compared with a control area. The largest increase in numbers was Chironomidae in August-September, when benthic Crustacea also showed a significant increase. An increase in macrobenthos is expected to increase the growth and survival of young salmon fry. (Author)

  18. Effect of habitat improvement on Atlantic salmon in the regulated river Suldalslaagen

    Energy Technology Data Exchange (ETDEWEB)

    Raastad, J.E.; Lillehammer, A.; Lillehammer, L. (Oslo Univ. (Norway). Zoological Museum); Kaasa, H. (Statkraft, Hoevik (Norway)); Eie, J.A. (Norwegian Water Resources and Energy Administration, Oslo (Norway))

    1993-05-01

    The River Suldaalslagen, which holds a population of large Atlantic salmon, has been regulated twice for hydropower production. The first regulation occurred in 1968 and the second in 1980. Present problems include the reduced density of benthic fauna, the reduced growth rate of young salmon, the low survival of 0[sup +] fish and the increased time required for smoltification. A programme of habitat restoration includes building a rearing channel system where water flow and the substrate can be controlled. The salmon fry are stocked in the rearing channel and in an adjacent tributary stream. The effects on macrobenthos of introduced dead organic material were also studied. Improvement of physical habitat increased the density of benthic animals, and the survival of 1[sup +] salmon was about 30%. Experiments that included adding 115 g wheat/m[sup 2] resulted in a threefold increase in benthic fauna compared with a control area. The largest increase in numbers was Chironomidae in August-September, when benthic Crustacea also showed a significant increase. An increase in macrobenthos is expected to increase the growth and survival of young salmon fry. (Author)

  19. Cost-effective management alternatives for Snake River Chinook salmon: a biological-economic synthesis.

    Science.gov (United States)

    Halsing, David L; Moore, Michael R

    2008-04-01

    The mandate to increase endangered salmon populations in the Columbia River Basin of North America has created a complex, controversial resource-management issue. We constructed an integrated assessment model as a tool for analyzing biological-economic trade-offs in recovery of Snake River spring- and summer-run chinook salmon (Oncorhynchus tshawytscha). We merged 3 frameworks: a salmon-passage model to predict migration and survival of smolts; an age-structured matrix model to predict long-term population growth rates of salmon stocks; and a cost-effectiveness analysis to determine a set of least-cost management alternatives for achieving particular population growth rates. We assessed 6 individual salmon-management measures and 76 management alternatives composed of one or more measures. To reflect uncertainty, results were derived for different assumptions of effectiveness of smolt transport around dams. Removal of an estuarine predator, the Caspian Tern (Sterna caspia), was cost-effective and generally increased long-term population growth rates regardless of transport effectiveness. Elimination of adult salmon harvest had a similar effect over a range of its cost estimates. The specific management alternatives in the cost-effective set depended on assumptions about transport effectiveness. On the basis of recent estimates of smolt transport effectiveness, alternatives that discontinued transportation or breached dams were prevalent in the cost-effective set, whereas alternatives that maximized transportation dominated if transport effectiveness was relatively high. More generally, the analysis eliminated 80-90% of management alternatives from the cost-effective set. Application of our results to salmon management is limited by data availability and model assumptions, but these limitations can help guide research that addresses critical uncertainties and information. Our results thus demonstrate that linking biology and economics through integrated models can

  20. Snake River Sockeye Salmon Captive Broodstock Program; Research Element, 2002 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Willard, Catherine; Hebdon, J. Lance; Castillo, Jason (Idaho Department of Fish and Game, Boise, ID)

    2004-06-01

    On November 20, 1991, the National Oceanic Atmospheric Administration listed Snake River sockeye salmon Oncorhynchus nerka as endangered under the Endangered Species Act of 1973. In 1991, the Shoshone-Bannock Tribes and Idaho Department of Fish and Game initiated the Snake River Sockeye Salmon Sawtooth Valley Project to conserve and rebuild populations in Idaho. Restoration efforts are focusing on Redfish, Pettit, and Alturas lakes within the Sawtooth Valley. The first release of hatchery-produced juvenile sockeye salmon from the captive broodstock program occurred in 1994. The first anadromous adult returns from the captive broodstock program were recorded in 1999 when six jacks and one jill were captured at IDFG's Sawtooth Fish Hatchery. In 2002, progeny from the captive broodstock program were released using four strategies: age-0 presmolts were released to Alturas, Pettit, and Redfish lakes in August and to Pettit and Redfish lakes in October, age-1 smolts were released to Redfish Lake Creek in May, eyed-eggs were planted in Pettit Lake in December, and hatchery-produced and anadromous adult sockeye salmon were released to Redfish Lake for volitional spawning in September. Oncorhynchus nerka population monitoring was conducted on Redfish, Alturas, and Pettit lakes using a midwater trawl in September 2002. Age-0, age-1, and age-2 O. nerka were captured in Redfish Lake, and population abundance was estimated at 50,204 fish. Age-0, age-1, age-2, and age-3 kokanee were captured in Alturas Lake, and population abundance was estimated at 24,374 fish. Age-2 and age-3 O. nerka were captured in Pettit Lake, and population abundance was estimated at 18,328 fish. The ultimate goal of the Idaho Department of Fish and Game (IDFG) captive broodstock development and evaluation efforts is to recover sockeye salmon runs in Idaho waters. Recovery is defined as reestablishing sockeye salmon runs and providing for utilization of sockeye salmon and kokanee resources by anglers

  1. CSR and Company's Stock Price. A Comparative Evidence from Bucharest Stock Exchange

    Directory of Open Access Journals (Sweden)

    Adina Dornean

    2017-05-01

    Full Text Available This paper aims at analysing the relationship between Corporate Social Responsibility (CSR and stock price for the companies listed on Bucharest Stock Exchange (BSE in 2015, comparing with the results obtained for 2014. This study investigates the differences in the market stock price (and other market variables, such as dividends and stock return of companies that show CSR compared with those that do not. For this purpose we will use three statistical techniques: discriminant analysis, probit analysis model and logistic regression. There is no significant difference between the prediction ability of the models, in the context in which probit model and logistic regression have and average correct classification of 70.29%, while discriminant analysis records 71.62%. Our analysis highlighted that stock return has a significant impact on CSR activities of a company. Moreover, all discriminants have a positive impact on CSR.

  2. Does Employee Stock Ownership Work?

    DEFF Research Database (Denmark)

    Kato, Takao; Miyajima, Hideaki; Owan, Hideo

    studies, we focus on the effects of changes in varying attributes of existing ESO—the effects on the intensive margin. Our fixed effect estimates show that an increase in the strength of the existing ESO plans measured by stake per employee results in statistically significant productivity gains....... Furthermore, such productivity gains are found to lead to profitability gains since wage gains from ESO plans are statistically significant yet rather modest. Our analysis of Tobin's Q suggests that the market tends to view such gains from ESO plans as permanent. We further find that increasing the stake......This paper provides novel evidence on the effects of employee stock ownership (ESO), using new panel data on Japanese ESO plans for a highly representative sample of publicly-traded firms in Japan (covering more than 75% of all firms listed on Tokyo Stock Exchange) over 1989-2013. Unlike most prior...

  3. Protecting the endangered lake salmon

    International Nuclear Information System (INIS)

    Soimakallio, H.; Oesch, P.

    1997-01-01

    In addition to the Ringed Seal, the labyrinthine Saimaa lake system created after the Ice Age also trapped a species of salmon, whose entire life cycle became adapted to fresh water. In order to improve the living conditions of this lake salmon which - like the ringed seal - is today classified as an endangered species, an intensive research programme has been launched. The partners include the Finnish Game and Fisheries Research Institute, fishing and environmental authorities and - in collaboration with UPM-Kymmene Oy and Kuurnan Voima Oy - the IVO subsidiary Pamilo Oy

  4. Protecting the endangered lake salmon

    Energy Technology Data Exchange (ETDEWEB)

    Soimakallio, H.; Oesch, P. [ed.

    1997-11-01

    In addition to the Ringed Seal, the labyrinthine Saimaa lake system created after the Ice Age also trapped a species of salmon, whose entire life cycle became adapted to fresh water. In order to improve the living conditions of this lake salmon which - like the ringed seal - is today classified as an endangered species, an intensive research programme has been launched. The partners include the Finnish Game and Fisheries Research Institute, fishing and environmental authorities and - in collaboration with UPM-Kymmene Oy and Kuurnan Voima Oy - the IVO subsidiary Pamilo Oy

  5. Grande Ronde Basin Chinook Salmon Captive Brood and Conventional Supplementation Program, 2000 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Carmichael, Richard W. (Oregon Department of Fish and Wildlife, La Grande, OR)

    2003-03-01

    Endangered Species Permit Number 1011 (formerly Permit No. 973) authorizes ODFW to take listed spring chinook salmon juveniles from Catherine Creek (CC), Lostine River (LR) and Grande Ronde River (GR) for research and enhancement purposes. Modification 2 of this permit authorizes ODFW to take adults for spawning and the production and release of smolts for the Captive and Conventional broodstock programs. This report satisfies the requirement that an annual report be submitted. Herein we report on activities conducted and provide cursory data analyses for the Grande Ronde spring chinook salmon Captive and Conventional broodstock projects from 1 January-31 December 2000.

  6. Grande Ronde Basin Chinook Salmon Captive Brood and Conventional Supplementation Programs, 2001 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Carmichael, Richard W. (Oregon Department of Fish and Wildlife, La Grande, OR)

    2003-03-01

    Endangered Species Permit Number 1011 (formerly Permit No. 973) authorizes ODFW to take listed spring chinook salmon juveniles from Catherine Creek (CC), Lostine River (LR) and Grande Ronde River (GR) for research and enhancement purposes. Modification 2 of this permit authorizes ODFW to take adults for spawning and the production and release of smolts for the Captive and Conventional broodstock programs. This report satisfies the requirement that an annual report be submitted. Herein we report on activities conducted and provide cursory data analyses for the Grande Ronde spring chinook salmon Captive and Conventional broodstock projects from 1 January-31 December 2001.

  7. Religion and stock price crash risk: Evidence

    Directory of Open Access Journals (Sweden)

    Wenfei Li

    2016-09-01

    Full Text Available This paper investigates whether religious traditions influence firm-specific crash risk in China. Using a sample of A-share listed firms from 2003 to 2013, we provide evidence that the more intense the religious environment, the lower the stock price crash risk, implying that religion plays an important role in Chinese corporate governance. Further, we find that (1 religion affects stock price crash risk by reducing earnings management and the management perk problem; (2 different religions have different effects, and Taoism, in particular, is unrelated to crash risk; and (3 the effects of religion are more pronounced with higher quality corporate governance and a stronger legal environment. Religion constrains the management agency problem, thus reducing stock price crash risk in China. Our paper enriches the literature on stock price crash risk and religion, and on new economic geography.

  8. Identification of the Spawning, Rearing, and Migratory Requirements of Fall Chinook Salmon in the Columbia River Basin, 1991 Annual Progress Report.

    Energy Technology Data Exchange (ETDEWEB)

    Rondorf, Dennis W.; Miller, William H.

    1993-07-01

    This document is the 1991 annual progress report for selected studies of fall chinook salmon Oncorhynchus tshawytscha conducted by the US Fish and Wildlife Service. The decline in abundance of fall chinook salmon in the Snake River basin has become a growing concern. In April 1992, Snake River fall chinook salmon were listed as ``threatened`` under the Endangered Species Act. Effective recovery efforts for fall chinook salmon can not be developed until we increase our knowledge of the factors that are limiting the various life history stages. This study attempts to identify those physical and biological factors which influence spawning of fall chinook salmon in the free-flowing Snake River and their rearing and seaward migration through Columbia River basin reservoirs.

  9. Manufacturing Capital Lingers in the Stock Market

    Institute of Scientific and Technical Information of China (English)

    吴程涛; 段铸; 张景宇; 张曙光

    2008-01-01

    Pressured by a slowdown in exports, cost increases and dwindling returns to manufacturing investments, China’s manufacturing capital has begun to shift to the real-estate and stock markets. As a matter of fact, the stock market had already felt a shock a couple of years ago when top domestic manufacturers like Midea, Gree, TCL and LMZ started to invest their idle capital in the real-estate and stock markets. Investments of manufacturing capital in both the real estate and stock markets have increased fluid capital and pushed up the value of both markets. Booms in both markets have in turn guaranteed investment returns of manufacturing capital, which further increased the stock market valuations of manufacturing capital. Such a cycle has created interest chains between listed manufacturers, the stock market and the real-estate market. Along with the ups and downs of the stock and real-estate markets, manufacturing capital now faces a dilemma: to escape or to persist? Where should it escape? When can the markets be profitable again? Just like the classic Shakespearean question: to be or not to be, that is the question.

  10. Skagit River coho salmon life history model—Users’ guide

    Science.gov (United States)

    Woodward, Andrea; Kirby, Grant; Morris, Scott

    2017-09-29

    Natural resource management is conducted in the context of multiple anthropogenic stressors and is further challenged owing to changing climate. Experiments to determine the effects of climate change on complex ecological systems are nearly impossible. However, using a simulation model to synthesize current understanding of key ecological processes through the life cycle of a fish population can provide a platform for exploring potential effects of and management responses to changing conditions. Potential climate-change scenarios can be imposed, responses can be observed, and the effectiveness of potential actions can be evaluated. This approach is limited owing to future conditions likely deviating in range and timing from conditions used to create the model so that the model is expected to become obsolete. In the meantime, however, the modeling process explicitly states assumptions, clarifies information gaps, and provides a means to better understand which relationships are robust and which are vulnerable to changing climate by observing whether and why model output diverges from actual observations through time. The purpose of the model described herein is to provide such a decision-support tool regarding coho (Oncorhynchus kisutch) salmon for the Sauk-Suiattle Indian Tribe of Washington State.The Skagit coho salmon model is implemented in a system dynamics format and has three primary stocks—(1) predicted smolts, (2) realized smolts, and (3) escapement. “Predicted smolts” are the number of smolts expected based on the number of spawners in any year and the Ricker production curve. Pink salmon (Oncorhynchus gorbuscha) return to the Skagit River in odd years, and when they overlap with juvenile rearing coho salmon, coho smolt production is substantially higher than in non-pink years. Therefore, the model uses alternative Ricker equations to predict smolts depending on whether their juvenile year was a pink or non-pink year. The stock “realized smolts

  11. A Literature Review, Bibliographic Listing, and Organization of Selected References Relative to Pacific salmon (Oncorhynchus spp.) and Abiotic and Biotic Attributes of the Columbia River Estuary and Adjacent Marine and Riverine Environs for Various Historical Periods : Measure 7.1A of the Northwest Power Planning Council`s 1994 Fish and Wildlife Program : Report 4 of 4, Final Report.

    Energy Technology Data Exchange (ETDEWEB)

    Costello, Ronald J.

    1996-05-01

    This report contains the results of a literature review on the carrying capacity of Pacific salmon in the Columbia River Basin. The objective of the review was to find the information gaps relative to the determinants of salmon carrying capacity in the Columbia River Basin. The review was one activity designed to answer questions asked in Measure 7.1A of the Councils Fish and Wildlife Program. Based, in part, on the information learned during the literature review and the other work accomplished during this study the Pacific Northwest National Laboratory (PNNL) state concluded that the approach inherent in 7.1A will not increase understanding of ecology, carrying capacity, or limiting factors that influence salmon under current conditions. To increase understanding of ecology, carring capacity, and limiting factors, it is necessary to deal with the complexity of the sustained performance of salmon in the Columbia River Basin. The PNNL team suggests that the regions evaluated carrying capacity from more than one view point. The PNNL team recommends that the region use the contextualistic view for evaluating capacity.

  12. BPA efforts to protect salmon and supply energy

    International Nuclear Information System (INIS)

    Geiselman, J.; Schiewe, R.

    1993-01-01

    The Bonneville Power Administration has sought to increase numbers of anadromous fish in the Columbia River for many years. In spite of these efforts, numbers of some species have continued to decline while others increased. As a result, several species of Salmon from the Snake River portion of the Columbia River basin have been listed as threatened or endangered under the Endangered Species Act. This presentation will identify analytical tools used to assess fish mitigation measures and the changes in power production and marketing expected from implementation of the National Marine Fisheries Service Recovery Plan and the Northwest Power Planning Council's Fish and Wildlife Program

  13. Salmon Habitat Modeling Using VELMA

    Science.gov (United States)

    An EPA Western Ecology Division (WED) watershed modeling team has developed a watershed simulation model, VELMA, that state and federal agencies are interested in using for salmon recovery planning in the Pacific Northwest. Team member Bob McKane has been invited to serve on an e...

  14. Chinook Salmon Adult Abundance Monitoring in Lake Creek, Idaho, 2002 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Faurot, Dave; Kucera, Paul

    2003-11-01

    Underwater time- lapse video technology has been used to monitor adult spring and summer chinook salmon (Oncorhynchus tshawytscha) escapement into the Secesh River and Lake Creek, Idaho, since 1998. Underwater time-lapse videography is a passive methodology that does not trap or handle this Endangered Species Act listed species. Secesh River chinook salmon represent a wild spawning aggregate that has not been directly supplemented with hatchery fish. The Secesh River is also a control stream under the Idaho Salmon Supplementation study. This project has successfully demonstrated the application of underwater video monitoring to accurately quantify chinook salmon abundance in Lake Creek in 1998, 1999, 2001 and 2002. The adult salmon spawner escapement into Lake Creek in 2002 was 410 fish. Jack salmon comprised 7.1 percent of the run. Estimated hatchery composition was 6.1 percent of the spawning run. The first fish passage on Lake Creek was recorded on June 26, 15 days after installation of the fish counting station. Peak net upstream movement of 41 adults occurred on July 8. Peak of total movement activity was August 18. The last fish passed through the Lake Creek fish counting station on September 2. Snow pack in the drainage was 91% of the average during the winter of 2001/2002. Video determined salmon spawner abundance was compared to redd count expansion method point estimates in Lake Creek in 2002. Expanded index area redd count and extensive area redd count point estimates in 2002, estimated from one percent fewer to 56 percent greater number of spawners than underwater video determined spawner abundance. Redd count expansion methods varied from two percent fewer to 55 percent greater in 2001, 11 to 46 percent fewer in 1999 and 104 to 214 percent greater in 1998. Redd count expansion values had unknown variation associated with the point estimates. Fish per redd numbers determined by video abundance and multiple pass redd counts of the larger extensive survey

  15. Survival of migrating salmon smolts in large rivers with and without dams.

    Directory of Open Access Journals (Sweden)

    David W Welch

    2008-10-01

    Full Text Available The mortality of salmon smolts during their migration out of freshwater and into the ocean has been difficult to measure. In the Columbia River, which has an extensive network of hydroelectric dams, the decline in abundance of adult salmon returning from the ocean since the late 1970s has been ascribed in large measure to the presence of the dams, although the completion of the hydropower system occurred at the same time as large-scale shifts in ocean climate, as measured by climate indices such as the Pacific Decadal Oscillation. We measured the survival of salmon smolts during their migration to sea using elements of the large-scale acoustic telemetry system, the Pacific Ocean Shelf Tracking (POST array. Survival measurements using acoustic tags were comparable to those obtained independently using the Passive Integrated Transponder (PIT tag system, which is operational at Columbia and Snake River dams. Because the technology underlying the POST array works in both freshwater and the ocean, it is therefore possible to extend the measurement of survival to large rivers lacking dams, such as the Fraser, and to also extend the measurement of survival to the lower Columbia River and estuary, where there are no dams. Of particular note, survival during the downstream migration of at least some endangered Columbia and Snake River Chinook and steelhead stocks appears to be as high or higher than that of the same species migrating out of the Fraser River in Canada, which lacks dams. Equally surprising, smolt survival during migration through the hydrosystem, when scaled by either the time or distance migrated, is higher than in the lower Columbia River and estuary where dams are absent. Our results raise important questions regarding the factors that are preventing the recovery of salmon stocks in the Columbia and the future health of stocks in the Fraser River.

  16. The effects of swimming exercise and dissolved oxygen on growth performance, fin condition and precocious maturation of early-rearing Atlantic salmon Salmo salar

    Science.gov (United States)

    Waldrop, Thomas; Summerfelt, Steven T.; Mazik, Patricia M.; Good, Christopher

    2018-01-01

    Swimming exercise, typically measured in body-lengths per second (BL/s), and dissolved oxygen (DO), are important environmental variables in fish culture. While there is an obvious physiological association between these two parameters, their interaction has not been adequately studied in Atlantic salmon Salmo salar. Because exercise and DO are variables that can be easily manipulated in modern aquaculture systems, we sought to assess the impact of these parameters, alone and in combination, on the performance, health and welfare of juvenile Atlantic salmon. In our study, Atlantic salmon fry were stocked into 12 circular 0.5 m3 tanks in a flow-through system and exposed to either high (1.5–2 BL/s) or low (salmon early rearing can result in improved growth performance and a lower incidence of precocious parr.

  17. Snake River sockeye salmon captive broodstock program: hatchery element: annual progress report, 2000.; ANNUAL

    International Nuclear Information System (INIS)

    Kline, Paul A.; Willard, Catherine

    2001-01-01

    On November 20, 1991, the National Marine Fisheries Service listed Snake River sockeye salmon Oncorhynchus nerka as endangered under the Endangered Species Act of 1973. In 1991, the Idaho Department of Fish and Game, the Shoshone-Bannock Tribes, and the National Marine Fisheries Service initiated efforts to conserve and rebuild populations in Idaho. Initial steps to recover sockeye salmon included the establishment of a captive broodstock program at the Idaho Department of Fish and Game Eagle Fish Hatchery. Sockeye salmon broodstock and culture responsibilities are shared with the National Marine Fisheries Service at two locations adjacent to Puget Sound in Washington State. Activities conducted by the Shoshone-Bannock Tribes and the National Marine Fisheries Service are reported under separate cover. Idaho Department of Fish and Game monitoring and evaluation activities of captive broodstock program fish releases are also reported under separate cover. Captive broodstock program activities conducted between January 1, 2000 and December 31, 2000 are presented in this report

  18. The Listed Companies' Stock Options in China: a Legitimate "Redemption" Tool for Large Holder%中国上市公司股票期权:大股东的一个合法性“赎买”工具

    Institute of Scientific and Technical Information of China (English)

    陈仕华; 李维安

    2012-01-01

    对于我国上市公司采用的股票期权大多未能发挥激励作用的现象,现有研究主要从“最优契约观”和“管理者权力观”两个理论视角进行解释。但这两个理论均是基于“不存在控股股东的股权分散公司”的典型样例基础上构建,与我国资本市场中绝大多数上市公司是“存在控股股东的高度集中型股权结构”的现实情况不相符。有鉴于此,本文从大股东行为角度解析此现象,认为,大股东在转移上市公司资源时,需要对作为上市公司资源的“守护者”高管进行“赎买”,股票期权正是此一“合法性”“赎买”工具,因而未能发挥激励高管的作用(大股东“赎买”观)。如果上述理论推断正确,那么应有如下两个假设:(1)大股东隧道行为与股票期权的激励强度负相关;(2)大股东控制权是通过隧道行为这一中介机制影响股票期权的激励有效性。本文基于2005年第3季度至2009年底我国上市公司实施的股票期权数据,使用事件法和多元回归方法证实了两个假设,表明了上述理论推断的合理性。本文随后对“大股东赎买观”与现有的“最优契约观”、“管理者权力观”进行了对比分析,表明“大股东赎买观”更适合用于我国上市公司的高管薪酬问题。本文结论表明,要使股票期权如愿发挥激励作用,最好在股权分散型公司实施,如果在股权集中型公司实施,必须设法“堵住”大股东窃取公司资源的“隧道”。%On the one hand, the existed literatures expound the phenomenon that most stock options In our country don't motivate top managers from the theoretical perspectives of "optimal contracting approach" and "managerial power approach". While the two theories above are both based on the listed companies without a controlling shareholder, which is not agreeable with the real

  19. Stock Market Project.

    Science.gov (United States)

    Distel, Brenda D.

    This project is designed to teach students the process of buying stocks and to tracking their investments over the course of a semester. The goals of the course are to teach students about the relationships between conditions in the economy and the stock market; to predict the effect of an economic event on a specific stock or industry; to relate…

  20. Predictability of Stock Returns

    Directory of Open Access Journals (Sweden)

    Ahmet Sekreter

    2017-06-01

    Full Text Available Predictability of stock returns has been shown by empirical studies over time. This article collects the most important theories on forecasting stock returns and investigates the factors that affecting behavior of the stocks’ prices and the market as a whole. Estimation of the factors and the way of estimation are the key issues of predictability of stock returns.

  1. A Two-Stage Information-Theoretic Approach to Modeling Landscape-Level Attributes and Maximum Recruitment of Chinook Salmon in the Columbia River Basin.

    Energy Technology Data Exchange (ETDEWEB)

    Thompson, William L.; Lee, Danny C.

    2000-11-01

    Many anadromous salmonid stocks in the Pacific Northwest are at their lowest recorded levels, which has raised questions regarding their long-term persistence under current conditions. There are a number of factors, such as freshwater spawning and rearing habitat, that could potentially influence their numbers. Therefore, we used the latest advances in information-theoretic methods in a two-stage modeling process to investigate relationships between landscape-level habitat attributes and maximum recruitment of 25 index stocks of chinook salmon (Oncorhynchus tshawytscha) in the Columbia River basin. Our first-stage model selection results indicated that the Ricker-type, stock recruitment model with a constant Ricker a (i.e., recruits-per-spawner at low numbers of fish) across stocks was the only plausible one given these data, which contrasted with previous unpublished findings. Our second-stage results revealed that maximum recruitment of chinook salmon had a strongly negative relationship with percentage of surrounding subwatersheds categorized as predominantly containing U.S. Forest Service and private moderate-high impact managed forest. That is, our model predicted that average maximum recruitment of chinook salmon would decrease by at least 247 fish for every increase of 33% in surrounding subwatersheds categorized as predominantly containing U.S. Forest Service and privately managed forest. Conversely, mean annual air temperature had a positive relationship with salmon maximum recruitment, with an average increase of at least 179 fish for every increase in 2 C mean annual air temperature.

  2. Climate change, pink salmon, and the nexus between bottom-up and top-down forcing in the subarctic Pacific Ocean and Bering Sea.

    Science.gov (United States)

    Springer, Alan M; van Vliet, Gus B

    2014-05-06

    Climate change in the last century was associated with spectacular growth of many wild Pacific salmon stocks in the North Pacific Ocean and Bering Sea, apparently through bottom-up forcing linking meteorology to ocean physics, water temperature, and plankton production. One species in particular, pink salmon, became so numerous by the 1990s that they began to dominate other species of salmon for prey resources and to exert top-down control in the open ocean ecosystem. Information from long-term monitoring of seabirds in the Aleutian Islands and Bering Sea reveals that the sphere of influence of pink salmon is much larger than previously known. Seabirds, pink salmon, other species of salmon, and by extension other higher-order predators, are tightly linked ecologically and must be included in international management and conservation policies for sustaining all species that compete for common, finite resource pools. These data further emphasize that the unique 2-y cycle in abundance of pink salmon drives interannual shifts between two alternate states of a complex marine ecosystem.

  3. High-flow, low-head pumps provide safe passage for Pacific salmon

    International Nuclear Information System (INIS)

    Anon

    2004-01-01

    The installation of 29 ultra-low head, high capacity submersible pump and auxiliary equipment at the Rocky Reach Dam in Washington State to allow juvenile salmon safe passage on their journey down the Columbia River to the Pacific Ocean is described. The reputed cost of the project is US$160 million; its purpose is to get juvenile salmon safely around the Rocky Reach Dam without interfering with the dam's original mission of generating electric power. The project is the most expensive fish bypass on any Columbia River dam. Getting the salmon safely around the dam is intended to reduce the impact of hydroelectric power projects on the basin's salmon stocks which are now estimated at less than 10 per cent of their historic size, despite major hatchery programs. The Columbia River has the second largest volume flow of any river in the United States, and millions of people depend on it for employment in water-related industries, and for transportation. The new horizontally installed propeller pump was developed by ITT Flygt; it utilizes planetary gear reduced to match the motor speed with the propeller rpm. Each 90 kW propeller pump has a flow rate of seven cubic meters per second at a head of 0.55 metres. The auxiliary equipment includes 10 racks of flap gates to prevent reverse flow, electric controls, remote supervision, testing, installation and maintenance facilities. It is anticipated that the new bypass will allow the Chelan County Public Utility Department, owners of the facility, to phase out all current spills, except for a 16 per cent spill for 40 days each spring for Sockeye salmon which tend to travel too deep to use the bypass. Prior to installation of this new facility, 60 to 70 per cent of average daily flow in the spring and summer had to be sacrificed to accommodate all species of salmon and steelhead, with corresponding losses of power generating capacity

  4. Stock Price Volatility and Role of Dividend Policy: Empirical Evidence from Pakistan

    OpenAIRE

    Shah, Syed Akif; Noreen, Umara

    2016-01-01

    Despite years of empirical research, the linkage between dividend policy and stock price volatility remains controversial among the researchers and scholars. This research endeavors to figure out the relationship between stock price volatility and dividend policy of listed companies in Pakistan. A sample of fifty firms, based upon consistent dividend paying behavior, listed on Karachi Stock Exchange has been selected from non-financial sectors, for the period of 2005 to 2012. Multiple regress...

  5. Increased susceptibility to infectious salmon anemia virus (ISAv) in Lepeophtheirus salmonis – infected Atlantic salmon

    Science.gov (United States)

    The salmon louse and infectious salmon anemia virus (ISAv) are the two most significant pathogens of concern to the Atlantic salmon (Salmo salar) aquaculture industry. However, the interactions between sea lice and ISAv, as well as the impact of a prior sea lice infection on the susceptibility of th...

  6. 78 FR 62616 - Salmon Creek Hydroelectric Company, Salmon Creek Hydroelectric Company, LLC; Notice of Transfer...

    Science.gov (United States)

    2013-10-22

    ... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Project No. 3730-005] Salmon Creek Hydroelectric Company, Salmon Creek Hydroelectric Company, LLC; Notice of Transfer of Exemption 1. By letter filed September 23, 2013, Salmon Creek Hydroelectric Company informed the Commission that they have...

  7. Career listings.

    Science.gov (United States)

    1994-01-12

    Nursing Standard regrets that it is no longer able to take listings over the telephone because of unprecedented demand. Readers are reminded that the listings section is for the use of charitable and professional organisations, unions and health authorities to publicise forthcoming events.

  8. Escapement Monitoring of Adult Chinook Salmon in the Secesh River and Lake Creek, Idaho, 1999 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Faurot, Dave; Kucera, Paul A. (Nez Perce Tribe, Lapwai, ID)

    2001-04-01

    Underwater time-lapse video technology was used to monitor adult spring and summer chinook salmon abundance in spawning areas in Lake Creek and the Secesh River, Idaho, in 1999. This technique is a passive methodology that does not trap or handle this Endangered Species Act listed species. This was the third year of testing the remote application of this methodology in the Secesh River drainage. Secesh River chinook salmon represent a wild salmon spawning aggregate that has not been directly supplemented with hatchery fish. Adult chinook salmon spawner abundance was estimated in Lake Creek with the remote time-lapse video application. Adult spawner escapement into Lake Creek in 1999 was 67 salmon. Significant upstream and downstream spawner movement affected the ability to determine the number of fish that contributed to the spawning population. The first passage on Lake Creek was recorded on July 11, two days after installation of the fish counting station. Peak net upstream adult movement occurred at the Lake Creek site on July 20, peak of total movement activity was August 19 with the last fish observed on August 26. A minimum of 133 adult chinook salmon migrated upstream past the Secesh River fish counting station to spawning areas in the Secesh River drainage. The first upstream migrating adult chinook salmon passed the Secesh River site prior to the July 15 installation of the fish counting station. Peak net upstream adult movement at the Secesh River site occurred July 19, peak of total movement was August 15, 17 and 18 and the last fish passed on September 10. Migrating salmon in the Secesh River and Lake Creek exhibited two behaviorally distinct segments of fish movement. Mainly upstream only, movement characterized the first segment. The second segment consisted of upstream and downstream movement with very little net upstream movement. Estimated abundance was compared to single and multiple-pass redd count surveys within the drainage. There were

  9. Tick size and stock returns

    Science.gov (United States)

    Onnela, Jukka-Pekka; Töyli, Juuso; Kaski, Kimmo

    2009-02-01

    Tick size is an important aspect of the micro-structural level organization of financial markets. It is the smallest institutionally allowed price increment, has a direct bearing on the bid-ask spread, influences the strategy of trading order placement in electronic markets, affects the price formation mechanism, and appears to be related to the long-term memory of volatility clustering. In this paper we investigate the impact of tick size on stock returns. We start with a simple simulation to demonstrate how continuous returns become distorted after confining the price to a discrete grid governed by the tick size. We then move on to a novel experimental set-up that combines decimalization pilot programs and cross-listed stocks in New York and Toronto. This allows us to observe a set of stocks traded simultaneously under two different ticks while holding all security-specific characteristics fixed. We then study the normality of the return distributions and carry out fits to the chosen distribution models. Our empirical findings are somewhat mixed and in some cases appear to challenge the simulation results.

  10. Delousing efficiency of farmed ballan wrasse (Labrus bergylta) against Lepeophtheirus salmonis infecting Atlantic salmon (Salmo salar) post-smolts.

    Science.gov (United States)

    Leclercq, Eric; Davie, Andrew; Migaud, Hervé

    2014-08-01

    Cleaner-fish (wrasse, Labridae) are increasingly deployed within the Atlantic salmon (Salmo salar L.) industry as a biological control against sea-lice (Lepeophtheirus salmonis Krøyer). Two tank-based trials were performed to test the effect of farmed ballan wrasse (Labrus bergylta Ascanius) body mass and supplementary feeding on the delousing of Atlantic salmon post-smolts with an initial infection level of ∼12 lice salmon(-1) and a ∼5% wrasse:salmon ratio. Sea-louse levels below 0.5 lice salmon(-1) were obtained within 84 h, and preferential preying upon larger motile stages was found. The wrasse body mass and the availability of fresh, opened blue mussels (Mytilus edulis L.) did not significantly affect delousing efficiency. The functional predator response was linear, showing no minimum prey density threshold for sea-louse foraging and no satiation plateau, in spite of the high consumption rates measured. Sea-louse infection levels declined following a one-phase exponential decay model, with a standardised decline time constant of 0.8-1.3% h(-1) for each wrasse stocked per 100 salmon. Farmed ballan wrasse are confirmed as highly effective therapeutic and preventive biological controls against sea-lice. The study supports the current minimum hatchery size target (10 mm total length) and the use of supplementary feeding to sustain the wrasse stocks in operation. The functional predator response and the standardised decline time constant of sea-louse abundance are proposed as useful indicators of delousing efficiency. © 2013 Society of Chemical Industry.

  11. Economics of endangered salmon in the Pacific northwest

    International Nuclear Information System (INIS)

    Hamilton, J.R.

    1993-01-01

    Under mandate of the Endangered Species Act (ESA), Idaho, Oregon and Washington are developing recovery plans to preserve several threatened and endangered stocks of salmon. These fish, some migrating as much as 900 miles inland to spawn, have been decimated by man's modification of their habitat. Downstream migrating juveniles must navigate through or around eight slackwater pools and hydropower dams. Adult upstream migrants must negotiate fish ladders, and endure modified temperature regimes and severely reduced spawning area and habitat quality. While the ESA says little about economics, economic factors do play important roles in designating endangered species and the design of recovery plans. For species in severe trouble ESA pushes us to drastic strategies such as captive breeding, or cryogenic sperm and egg preservation without paying much attention to whether the cost is worth it. For species in less dire straights, one often faces a menu of possible recovery actions from which the least cost can be set. Economics is important irrespective of the role it plays in decisions to classify salmon as endangered, or decisions about recovery plans. Economic analysis can provide those affected with information about their future. For individuals, communities, and businesses faced with adjusting to ESA actions, more good information is better than less, and economic impact estimates can be a valuable part of this information

  12. Snake River Fall Chinook Salmon life history investigations

    Science.gov (United States)

    Erhardt, John M.; Bickford, Brad; Hemingway, Rulon J.; Rhodes, Tobyn N.; Tiffan, Kenneth F.

    2017-01-01

    Predation by nonnative fishes is one factor that has been implicated in the decline of juvenile salmonids in the Pacific Northwest. Impoundment of much of the Snake and Columbia rivers has altered food webs and created habitat favorable for species such as Smallmouth Bass Micropterus dolomieu. Smallmouth Bass are common throughout the Columbia River basin and have become the most abundant predator in lower Snake River reservoirs (Zimmerman and Parker 1995). This is a concern for Snake River Fall Chinook Salmon Oncorhynchus tshawytscha (hereafter, subyearlings) that may be particularly vulnerable due to their relatively small size and because their main-stem rearing habitats often overlap or are in close proximity to habitats used by Smallmouth Bass (Curet 1993; Tabor et al. 1993). Concern over juvenile salmon predation spawned a number of large-scale studies to quantify its effect in the late 1980s, 1990s, and early 2000s (Poe et al. 1991; Rieman et al. 1991; Vigg et al. 1991; Fritts and Pearsons 2004; Naughton et al. 2004). Smallmouth Bass predation represented 9% of total salmon consumption by predatory fishes in John Day Reservoir, Columbia River, from 1983 through 1986 (Rieman et al. 1991). In transitional habitat between the Hanford Reach of the Columbia River and McNary Reservoir, juvenile salmon (presumably subyearlings) were found in 65% of Smallmouth Bass (>200 mm) stomachs and comprised 59% of the diet by weight (Tabor et al. 1993). Within Lower Granite Reservoir on the Snake River, Naughton et al. (2004) showed that monthly consumption (based on weight) ranged from 5% in the upper reaches of the reservoir to 11% in the forebay. However, studies in the Snake River were conducted soon after Endangered Species Act (ESA) listing of Snake River Fall Chinook Salmon (NMFS 1992). During this time, Fall Chinook Salmon abundance was at an historic low, which may explain why consumption rates were relatively low compared to those from studies conducted in the

  13. A fuzzy logic model to forecast stock market momentum in Indonesia's property and real estate sector

    Science.gov (United States)

    Penawar, H. K.; Rustam, Z.

    2017-07-01

    The Capital market has the important role in Indonesia's economy. The capital market does not only support the economy of Indonesia but also being an indicator Indonesia's economy improvement. Something that has been traded in the capital market is stock (stock market). Nowadays, the stock market is full of uncertainty. That uncertainty values make predicting stock market is all that we have to do before we make a decision in the stock market. One that can be predicted in the stock market is momentum. To forecast stock market momentum, it can use fuzzy logic model. In the process of modeling, it will be used 14 days historical data that consisting the value of open, high, low, and close, to predict the next 5 days momentum categories. There are three momentum categories namely Bullish, Neutral, and Bearish. To illustrate the fuzzy logic model, we will use stocks data from several companies that listed on Indonesia Stock Exchange (IDX) in property and real estate sector.

  14. Network structure detection and analysis of Shanghai stock market

    Directory of Open Access Journals (Sweden)

    Sen Wu

    2015-04-01

    Full Text Available Purpose: In order to investigate community structure of the component stocks of SSE (Shanghai Stock Exchange 180-index, a stock correlation network is built to find the intra-community and inter-community relationship. Design/methodology/approach: The stock correlation network is built taking the vertices as stocks and edges as correlation coefficients of logarithm returns of stock price. It is built as undirected weighted at first. GN algorithm is selected to detect community structure after transferring the network into un-weighted with different thresholds. Findings: The result of the network community structure analysis shows that the stock market has obvious industrial characteristics. Most of the stocks in the same industry or in the same supply chain are assigned to the same community. The correlation of the internal stock prices’ fluctuation is closer than in different communities. The result of community structure detection also reflects correlations among different industries. Originality/value: Based on the analysis of the community structure in Shanghai stock market, the result reflects some industrial characteristics, which has reference value to relationship among industries or sub-sectors of listed companies.

  15. Statistical analysis of bankrupting and non-bankrupting stocks

    Science.gov (United States)

    Li, Qian; Wang, Fengzhong; Wei, Jianrong; Liang, Yuan; Huang, Jiping; Stanley, H. Eugene

    2012-04-01

    The recent financial crisis has caused extensive world-wide economic damage, affecting in particular those who invested in companies that eventually filed for bankruptcy. A better understanding of stocks that become bankrupt would be helpful in reducing risk in future investments. Economists have conducted extensive research on this topic, and here we ask whether statistical physics concepts and approaches may offer insights into pre-bankruptcy stock behavior. To this end, we study all 20092 stocks listed in US stock markets for the 20-year period 1989-2008, including 4223 (21 percent) that became bankrupt during that period. We find that, surprisingly, the distributions of the daily returns of those stocks that become bankrupt differ significantly from those that do not. Moreover, these differences are consistent for the entire period studied. We further study the relation between the distribution of returns and the length of time until bankruptcy, and observe that larger differences of the distribution of returns correlate with shorter time periods preceding bankruptcy. This behavior suggests that sharper fluctuations in the stock price occur when the stock is closer to bankruptcy. We also analyze the cross-correlations between the return and the trading volume, and find that stocks approaching bankruptcy tend to have larger return-volume cross-correlations than stocks that are not. Furthermore, the difference increases as bankruptcy approaches. We conclude that before a firm becomes bankrupt its stock exhibits unusual behavior that is statistically quantifiable.

  16. The Australian stock market development: Prospects and challenges

    Directory of Open Access Journals (Sweden)

    Sheilla Nyasha

    2013-06-01

    Full Text Available This paper highlights the origin and development of the Australian stock market. The country has three major stock exchanges, namely: the Australian Securities Exchange Group, the National Stock Exchange of Australia, and the Asia-Pacific Stock Exchange. These stock exchanges were born out of a string of stock exchanges that merged over time. Stock-market reforms have been implemented since the period of deregulation, during the 1980s; and the Exchanges responded largely positively to these reforms. As a result of the reforms, the Australian stock market has developed in terms of the number of listed companies, the market capitalisation, the total value of stocks traded, and the turnover ratio. Although the stock market in Australia has developed remarkably over the years, and was spared by the global financial crisis of the late 2000s, it still faces some challenges. These include the increased economic uncertainty overseas, the downtrend in global financial markets, and the restrained consumer confidence in Australia.

  17. Asymmetric hybridization and introgression between pink salmon and chinook salmon in the Laurentian Great Lakes

    Science.gov (United States)

    Rosenfield, Jonathan A.; Todd, Thomas; Greil, Roger

    2000-01-01

    Among Pacific salmon collected in the St. Marys River, five natural hybrids of pink salmon Oncorhynchus gorbuscha and chinook salmon Oncorhynchus tshawytscha and one suspected backcross have been detected using morphologic, meristic, and color evidence. One allozyme (LDH, l-lactate dehydrogenase from muscle) and one nuclear DNA locus (growth hormone) for which species-specific fixed differences exist were analyzed to detect additional hybrids and to determine if introgression had occurred. Restriction fragment length polymorphism of mitochondrial DNA (mtDNA) was used to identify the maternal parent of each hybrid. Evidence of introgression was found among the five previously identified hybrids. All hybrid specimens had chinook salmon mtDNA, indicating that hybridization between chinook salmon and pink salmon in the St. Marys River is asymmetric and perhaps unidirectional. Ecological, physiological, and sexual selection forces may contribute to this asymmetric hybridization. Introgression between these highly differentiated species has implications for management, systematics, and conservation of Pacific salmon.

  18. CAPITAL STRUCTURE, COST OF DEBT AND DIVIDEND PAYOUT OF FIRMS IN NEW YORK AND SHANGHAI STOCK EXCHANGES

    Directory of Open Access Journals (Sweden)

    Jun Jiang

    2013-01-01

    Full Text Available The Study collects panel data of listed firms in New York Stock and Shanghai Stock Exchanges during 1992 to 2008. The data are used to perform panel regression estimates for firms in each stock market. The main purpose is to compare the decision on dividend payout of listed firms in the two stock markets. The results from fixed effect estimates show that factors that can explain dividend payout of firms in New York Stock Exchange poorly explain dividend payout of firms in Shanghai Stock Exchange. This paper adds to the literature in that it provides an evidence of difference in dividend policy of firms between advanced and emerging stock markets. For policymakers in the Chinese economy, implementation of measures to enhance the advancement of bond market is necessary. Additionally, firms in Shanghai Stock Exchange should adjust their capital structure to provide room for investors to diversify and adjust their portfolios of stocks and bonds.

  19. Determinants of Stock Price Movements: Evidence from Chittagong Stock Exchange, Bangladesh

    Directory of Open Access Journals (Sweden)

    Mohammed Syedul Islam

    2015-01-01

    Full Text Available Stock market plays a vital role in the economic development of an economy. It bridges up between savers and real manufacturers by raising funds from investors to companies. This process was broken down due to the 2010-2011 stock market crash in Bangladesh. Though the determinants of stock price have been settled empirically, the current paper aims to reexamine the relationship between stock price, dividend and retained earnings of 29 listed banks of Chittagong Stock Exchange, in the post-crash period. Cross-sectional data were collected from secondary sources. Using linear regression method, the study found that both, dividend and retained earnings of sample banks have strong influence over the stock price, though there was moderate explanatory power of those variables. After reviewing the causes of crisis 2010-2011, this study suggests the following: to control price manipulation, to publish proper financial statement, regulate the dividend policy, to ensure sufficient knowledge among investors, recruit technical expert and ensure proper settlement for transactions, prevent crises of stock market against speculation etc.

  20. Market Structure and Stock Splits

    OpenAIRE

    David Michayluk; Paul Kofman

    2001-01-01

    Enhanced liquidity is one possible motivation for stock splits but empirical research frequently documents declines in liquidity following stock splits. Despite almost thirty years of inquiry, little is known about all the changes in a stock's trading activity following a stock split. We examine how liquidity measures change around more than 2,500 stock splits and find a pervasive decline in most measures. Large stock splits exhibit a more severe liquidity decline than small stock splits, esp...

  1. The Dividend Payment Policies of Selected Listed Companies in ...

    African Journals Online (AJOL)

    The Dividend Payment Policies of Selected Listed Companies in Botswana. ... an optimal dividend policy is important because of the effect of its information on outsiders ... on the firm's capital structure, investment opportunities and stock price.

  2. Formation of an Integrated Stock Price Forecast Model in Lithuania

    Directory of Open Access Journals (Sweden)

    Audrius Dzikevičius

    2016-12-01

    Full Text Available Technical and fundamental analyses are widely used to forecast stock prices due to lack of knowledge of other modern models and methods such as Residual Income Model, ANN-APGARCH, Support Vector Machine, Probabilistic Neural Network and Genetic Fuzzy Systems. Although stock price forecast models integrating both technical and fundamental analyses are currently used widely, their integration is not justified comprehensively enough. This paper discusses theoretical one-factor and multi-factor stock price forecast models already applied by investors at a global level and determines possibility to create and apply practically a stock price forecast model which integrates fundamental and technical analysis with the reference to the Lithuanian stock market. The research is aimed to determine the relationship between stock prices of the 14 Lithuanian companies listed in the Main List by the Nasdaq OMX Baltic and various fundamental variables. Based on correlation and regression analysis results and application of c-Squared Test, ANOVA method, a general stock price forecast model is generated. This paper discusses practical implications how the developed model can be used to forecast stock prices by individual investors and suggests additional check measures.

  3. Does the Shanghai-Hong Kong Stock Connect significantly affect the A-H premium of the stocks?

    Science.gov (United States)

    Hui, Eddie C. M.; Chan, Ka Kwan Kevin

    2018-02-01

    Since the Shanghai-Hong Kong Stock Connect ("the Connect") was launched in late 2014, more and more Mainland investors have invested in Hong Kong listed shares, and vice versa, increasing the transaction volume of the stock market on both sides. However, only a few studies investigated how the Shanghai-Hong Kong Stock Connect affected the pricing dynamics of stocks listed in both Shanghai and Hong Kong. Applying linear regression, this study investigates how the Connect affects the H-share discounts of 12 stocks cross-listed in Shanghai and Hong Kong. A new feature of our model is that we add a dummy variable so as to be the first study to examine the effect of the China financial crisis on the A-H premium of the stocks. We find that the A-H premium of all stocks widens significantly after the Connect is launched, implying immatureness or even inefficiency of China's financial market. Furthermore, the result shows that trading activities in the mainland market affects the A-H premium more significantly than trading activities in the Hong Kong market do. This implies that China's financial market plays a dominant role in the Connect.

  4. Management measures and fishers’ commitment towards sustainable exploitation: a case study of Atlantic salmon fisheries in the Baltic Sea

    DEFF Research Database (Denmark)

    Haapasaari, Päivi Elisabet; Michielsens, Catherina C.G.J.; Karjalainen, Timo P.

    2007-01-01

    management measures on the stocks. Based on interviews and a questionnaire, we use a Bayesian belief network to examine which factors determine fishers’ commitment to sustainable fisheries goals, what impact commitment has on exploitation rate, and what measures can be taken to improve commitment. In addition...... of Atlantic salmon (Salmo salar) stocks. The results indicate that the more fishers rely on fishing as their source of income, the less is their commitment and the smaller is the impact of changes in commitment on subsequent catches. The results suggest that commitment can be improved by selecting management...

  5. THE FUTURE OF PACIFIC NORTHWEST SALMON: ANATOMY OF A CRISIS

    Science.gov (United States)

    Salmon are categorized biologically into two groups: Pacific salmon or Atlantic salmon. All seven species of Pacific salmon on both sides of the North Pacific Ocean have declined substantially from historic levels, but large runs still occur in northern British Columbia, Yukon,...

  6. 21 CFR 161.170 - Canned Pacific salmon.

    Science.gov (United States)

    2010-04-01

    ... 21 Food and Drugs 2 2010-04-01 2010-04-01 false Canned Pacific salmon. 161.170 Section 161.170... § 161.170 Canned Pacific salmon. (a) Identity. (1) Canned Pacific salmon is the food prepared from one... forms of canned Pacific salmon are processed from fish prepared by removing the head, gills, and tail...

  7. Salmon Site Remedial Investigation Report

    International Nuclear Information System (INIS)

    1999-01-01

    This Salmon Site Remedial Investigation Report provides the results of activities initiated by the U.S. Department of Energy (DOE) to determine if contamination at the Salmon Site poses a current or future risk to human health and the environment. These results were used to develop and evaluate a range of risk-based remedial alternatives. Located in Lamar County, Mississippi, the Salmon Site was used by the U.S. Atomic Energy Commission (predecessor to the DOE) between 1964 and 1970 for two nuclear and two gas explosions conducted deep underground in a salt dome. The testing resulted in the release of radionuclides into the salt dome. During reentry drilling and other site activities, liquid and solid wastes containing radioactivity were generated resulting in surface soil and groundwater contamination. Most of the waste and contaminated soil and water were disposed of in 1993 during site restoration either in the cavities left by the tests or in an injection well. Other radioactive wastes were transported to the Nevada Test Site for disposal. Nonradioactive wastes were disposed of in pits at the site and capped with clean soil and graded. The preliminary investigation showed residual contamination in the Surface Ground Zero mud pits below the water table. Remedial investigations results concluded the contaminant concentrations detected present no significant risk to existing and/or future land users, if surface institutional controls and subsurface restrictions are maintained. Recent sampling results determined no significant contamination in the surface or shallow subsurface. The test cavity resulting from the experiments is contaminated and cannot be economically remediated with existing technologies. The ecological sampling did not detect biological uptake of contaminants in the plants or animals sampled. Based on the current use of the Salmon Site, the following remedial actions were identified to protect both human health and the environment: (1) the

  8. Research on Captive Broodstock Programs for Pacific Salmon, 2002-2003 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Berejikian, Barry A. (National Marine Fisheries Service)

    2004-01-01

    . Captive Lemhi River females produced smaller and fewer eggs than the Rapid River females; however, relative fecundity was higher than that of the Rapid River fish. Female coho salmon that ceased or slowed oocyte development in the spring had lower body growth from the previous August onward compared with females that continued oocyte growth. This indicates that growth during the late summer and fall, one year prior to spawning, can determine the decision to mature the following spring. Therefore it is important to maintain the growth of broodstock during the summer/fall period to ensure the continuation of ovary development in the subsequent spring. A combined whole cell vaccine of Renogen with killed R. salmoninarum strain MT239 may be effective in reducing the occurrence of BKD during the period immediately after seawater transfer, but not in yearling seawater-adapted chinook salmon. Control of BKD is likely to require an integrated disease management plan, utilizing three components, namely broodstock segregation, antibiotics, and vaccination. Vaccine results incorporated with antibiotic treatment will be used to work toward an integrated disease management plan to help to reduce the cycle of BKD transmission in the captive stocks to increase survival safely. Patterns of estimated survival in one chinook salmon stock (Grovers Creek)were generally consistent with inbreeding depression: progeny of fish that were full siblings (approximate increment in F of 0.25) survived to return at much lower rates than did progeny of fish that were half siblings (F {approx} 0.125) or unrelated individuals (F {approx} 0). Growth at sea of Grovers Creek Hatchery stock study fish was lower than that of UWH stock fish. Among the inbreeding groups alone, no clear differences in growth were detectable. However, preliminary results suggest the general pattern of growth was opposite that expected if inbreeding depression reduced growth: the highest growth was in progeny of related parents.

  9. Proficiency test for paracitides in salmon muscle

    NARCIS (Netherlands)

    Elbers, I.J.W.

    2012-01-01

    The aim of this proficiency study was to give laboratories the possibility to evaluate or demonstrate their competence for the analysis of parasiticides in salmon muscle. This study also provided an evaluation of the methods applied for the quantitative analysis of parasiticides in salmon muscle.

  10. Salmon carcass movements in forest streams

    Science.gov (United States)

    Burke Strobel; Daniel R. Shivley; Brett B. Roper

    2009-01-01

    The movements of salmon carcasses over time were studied in two forest streams in the context of a large-scale salmon carcass supplementation program. The objectives were to assess both the level of treatment after stream flows had displaced carcasses and to evaluate whether the magnitude of carcass movements outside of a given reach could be predicted. The movements...

  11. Modeling Parasite Dynamics on Farmed Salmon for Precautionary Conservation Management of Wild Salmon

    Science.gov (United States)

    Rogers, Luke A.; Peacock, Stephanie J.; McKenzie, Peter; DeDominicis, Sharon; Jones, Simon R. M.; Chandler, Peter; Foreman, Michael G. G.; Revie, Crawford W.; Krkošek, Martin

    2013-01-01

    Conservation management of wild fish may include fish health management in sympatric populations of domesticated fish in aquaculture. We developed a mathematical model for the population dynamics of parasitic sea lice (Lepeophtheirus salmonis) on domesticated populations of Atlantic salmon (Salmo salar) in the Broughton Archipelago region of British Columbia. The model was fit to a seven-year dataset of monthly sea louse counts on farms in the area to estimate population growth rates in relation to abiotic factors (temperature and salinity), local host density (measured as cohort surface area), and the use of a parasiticide, emamectin benzoate, on farms. We then used the model to evaluate management scenarios in relation to policy guidelines that seek to keep motile louse abundance below an average three per farmed salmon during the March–June juvenile wild Pacific salmon (Oncorhynchus spp.) migration. Abiotic factors mediated the duration of effectiveness of parasiticide treatments, and results suggest treatment of farmed salmon conducted in January or early February minimized average louse abundance per farmed salmon during the juvenile wild salmon migration. Adapting the management of parasites on farmed salmon according to migrations of wild salmon may therefore provide a precautionary approach to conserving wild salmon populations in salmon farming regions. PMID:23577082

  12. Modeling parasite dynamics on farmed salmon for precautionary conservation management of wild salmon.

    Directory of Open Access Journals (Sweden)

    Luke A Rogers

    Full Text Available Conservation management of wild fish may include fish health management in sympatric populations of domesticated fish in aquaculture. We developed a mathematical model for the population dynamics of parasitic sea lice (Lepeophtheirus salmonis on domesticated populations of Atlantic salmon (Salmo salar in the Broughton Archipelago region of British Columbia. The model was fit to a seven-year dataset of monthly sea louse counts on farms in the area to estimate population growth rates in relation to abiotic factors (temperature and salinity, local host density (measured as cohort surface area, and the use of a parasiticide, emamectin benzoate, on farms. We then used the model to evaluate management scenarios in relation to policy guidelines that seek to keep motile louse abundance below an average three per farmed salmon during the March-June juvenile wild Pacific salmon (Oncorhynchus spp. migration. Abiotic factors mediated the duration of effectiveness of parasiticide treatments, and results suggest treatment of farmed salmon conducted in January or early February minimized average louse abundance per farmed salmon during the juvenile wild salmon migration. Adapting the management of parasites on farmed salmon according to migrations of wild salmon may therefore provide a precautionary approach to conserving wild salmon populations in salmon farming regions.

  13. Ranking Tehran’s Stock Exchange Top Fifty Stocks Using Fundamental Indexes and Fuzzy TOPSIS

    Directory of Open Access Journals (Sweden)

    E. S. Saleh

    2017-08-01

    Full Text Available Investment through the purchase of securities, constitute an important part of countries economic exchange. Therefore, making decisions about investing in a particular stock has become one of the most controversial areas of economic and financial research and various institutions have began to rank companies stock and determine priorities of stock purchase to investment. The current research, with the determination of important required indexes for companies ranking based on their shares value on the Tehran stock exchange, can greatly help to the accurate ranking of fifty premier listed companies. Initial ranking indicators are extracted and then a decision-making group (exchange experts with the use of the Delphi method and also non-parametric statistic methods, determines the final indexes. Then, by using Fuzzy ANP, weight criteria are obtained with taking into account their interaction with each other. Finally, using fuzzy TOPSIS and information extraction about the premier fifty listed companies of Tehran stock exchange in 2014 are ranked with the software "Rahavard Novin”. Sensitivity analysis to criteria weight and relevant analysis presentation was conducted at the end of the study procedures.

  14. Evidence of deepwater spawning of fall chinook salmon (Oncorhynchus tshawytscha): spawning near Ives and Pierce Island of the Columbia River, 1999; ANNUAL

    International Nuclear Information System (INIS)

    Mueller, Robert P.; Dauble, Dennis D.

    2000-01-01

    Fall chinook salmon Oncorhynchus tshawytscha, thought to originate from Bonneville Hatchery, were first noted to be spawning downstream of Bonneville Dam by Washington Department of Fisheries and Wildlife (WDFW) biologists in 1993 (Hymer 1997). Known spawning areas include gravel beds on the Washington side of the river near Hamilton Creek and Ives island. Limited spawning ground surveys were conducted in the area around Ives and Pierce Islands during 1994-1997 and based on these surveys it was believed that fall chinook salmon successfully spawned in this area. The size of this population from 1994 to 1996 was estimated at 1,800 to 5,200 fish (Hymer 1997). Recently, chum salmon were also documented spawning downstream of Bonneville Dam. Chum salmon O. kisutch were listed as threatened under the Endangered Species Act (ESA) in March, 1999. There are several ongoing investigations to define the physical habitat characteristics associated with fall chinook and chum salmon spawning areas downstream of Bonneville Dam. A major concern is to determine what flows (i.e. surface elevations) are necessary to ensure their long-term survival. Our objective was to locate deepwater spawning locations in the main Columbia River channel and to collect additional data on physical habitat parameters at the site. This objective is consistent with the high priority that the Northwest Power Planning Council's Independent Advisory Board and the salmon managers have placed on determining the importance of mainstem habitats to the production of salmon in the Columbia River Basin

  15. Foreign ownership in Vietnam stock markets - an empirical analysis

    OpenAIRE

    Vo, Xuan Vinh

    2010-01-01

    This paper investigates foreign ownership in the Vietnam stock market from 2007 to 2009 employing a rich and detailed dataset. From the perspective of informational asymmetry, the paper examines the relationship between the foreign ownership level and attributes of Vietnamese listed firm in Ho Chi Minh City Stock Exchange. The findings of the paper indicate that foreign investors have preference for large firms, firms with high book-to-market ratio and firms with low leverage. Foreign investo...

  16. Migratory Patterns of Chinook Salmon Oncorhynchus tshawytscha Returning to a Large, Free-flowing River Basin

    Science.gov (United States)

    Eiler, John H.; Evans, Allison N.; Schreck, Carl B.

    2015-01-01

    Upriver movements were determined for Chinook salmon Oncorhynchus tshawytscha returning to the Yukon River, a large, virtually pristine river basin. These returns have declined dramatically since the late 1990s, and information is needed to better manage the run and facilitate conservation efforts. A total of 2,860 fish were radio tagged during 2002–2004. Most (97.5%) of the fish tracked upriver to spawning areas displayed continual upriver movements and strong fidelity to the terminal tributaries entered. Movement rates were substantially slower for fish spawning in lower river tributaries (28–40 km d-1) compared to upper basin stocks (52–62 km d-1). Three distinct migratory patterns were observed, including a gradual decline, pronounced decline, and substantial increase in movement rate as the fish moved upriver. Stocks destined for the same region exhibited similar migratory patterns. Individual fish within a stock showed substantial variation, but tended to reflect the regional pattern. Differences between consistently faster and slower fish explained 74% of the within-stock variation, whereas relative shifts in sequential movement rates between “hares” (faster fish becoming slower) and “tortoises” (slow but steady fish) explained 22% of the variation. Pulses of fish moving upriver were not cohesive. Fish tagged over a 4-day period took 16 days to pass a site 872 km upriver. Movement rates were substantially faster and the percentage of atypical movements considerably less than reported in more southerly drainages, but may reflect the pristine conditions within the Yukon River, wild origins of the fish, and discrete run timing of the returns. Movement data can provide numerous insights into the status and management of salmon returns, particularly in large river drainages with widely scattered fisheries where management actions in the lower river potentially impact harvests and escapement farther upstream. However, the substantial variation

  17. Response of ecosystem metabolism to low densities of spawning Chinook Salmon

    Science.gov (United States)

    Joseph R. Benjamin; J. Ryan Bellmore; Grace A. Watson

    2016-01-01

    Marine derived nutrients delivered by large runs of returning salmon are thought to subsidize the in situ food resources that support juvenile salmon. In the Pacific Northwest, USA, salmon have declined to salmon runs. We explored whether low densities...

  18. INDONESIA SHARI'AH COMPLIANCE STOCK RETURN BEHAVIOUR

    Directory of Open Access Journals (Sweden)

    Helma Malini

    2017-04-01

    Full Text Available This study aims to measures the behaviour of Indonesia Shari'ah compliance stock return. The measurement of return behaviour toward volatility will proved the capability of Indonesia Shari'ah compliance toward volatility that happened in Indonesia during the period of observation. Investing in Shari'ah compliance is quite different than investing in conventional stock which followed the capital market set of rules and law, Shari'ah compliance follows not only the capital market set of laws and but also the Islamic principles of principles. Most of the previous studies examine issues related to the conventional stocks and market. The present study take one step further by investigating issue related to Shari'ah compliance instrument. In the case of Shari'ah stock price in Indonesia, the dynamics volatility of the stock price can be minimized by taking an integrated screening process to the listed company, as precautions steps toward volatility

  19. Lessons from sea louse and salmon epidemiology.

    Science.gov (United States)

    Groner, Maya L; Rogers, Luke A; Bateman, Andrew W; Connors, Brendan M; Frazer, L Neil; Godwin, Sean C; Krkošek, Martin; Lewis, Mark A; Peacock, Stephanie J; Rees, Erin E; Revie, Crawford W; Schlägel, Ulrike E

    2016-03-05

    Effective disease management can benefit from mathematical models that identify drivers of epidemiological change and guide decision-making. This is well illustrated in the host-parasite system of sea lice and salmon, which has been modelled extensively due to the economic costs associated with sea louse infections on salmon farms and the conservation concerns associated with sea louse infections on wild salmon. Consequently, a rich modelling literature devoted to sea louse and salmon epidemiology has been developed. We provide a synthesis of the mathematical and statistical models that have been used to study the epidemiology of sea lice and salmon. These studies span both conceptual and tactical models to quantify the effects of infections on host populations and communities, describe and predict patterns of transmission and dispersal, and guide evidence-based management of wild and farmed salmon. As aquaculture production continues to increase, advances made in modelling sea louse and salmon epidemiology should inform the sustainable management of marine resources. © 2016 The Author(s).

  20. Consumption choice by bears feeding on salmon.

    Science.gov (United States)

    Gende, S M; Quinn, T P; Willson, M F

    2001-05-01

    Consumption choice by brown (Ursus arctos) and black bears (U. americanus) feeding on salmon was recorded for over 20,000 bear-killed fish from 1994 to 1999 in Bristol Bay (sockeye salmon, Oncorhynchus nerka) and southeastern Alaska (pink, O. gorbuscha and chum salmon O. keta). These data revealed striking patterns of partial and selective consumption that varied with relative availability and attributes of the fish. As the availability of salmon decreased, bears consumed a larger proportion of each fish among both years and habitats. When availability was high (absolute number and density of salmon), bears consumed less biomass per captured fish, targeting energy-rich fish (those that had not spawned) or energy-rich body parts (eggs in females; brain in males). In contrast, individual fish were consumed to a much greater extent, regardless of sex or spawning status, in habitats or years of low salmon availability. The proportion of biomass consumed per fish was similar for males and females, when spawning status was statistically controlled, but bears targeted different body parts: the body flesh, brain and dorsal hump in males and the roe in females. Bears thus appeared to maximize energy intake by modifying the amount and body parts consumed, based on availability and attributes of spawning salmon.

  1. Analyzing the Stock Markets Role as a Source of Capital Formation in Pakistan

    Directory of Open Access Journals (Sweden)

    Hakim Ali Kanasro

    2011-12-01

    Full Text Available This paper is to examine the stock markets role in the capital formation in Pakistan from the period 1st January 2001 to 31st December 2008. This analytical study is based on the data collected from the secondary sources such as State Bank of Pakistan and three stock exchanges; Karachi, Lahore and Islamabad Stock exchanges. The stock market size of capital, number of listed companies and liquidity positions has been examined in the study. The study reveals that Karachi Stock exchange is the oldest and biggest Stock exchange of Pakistan and it is the first mover to adapt institutional developments, new policies and procedures in the business of securities exchange and shares a big role in the capital formation in Pakistan. In recent years all stock exchanges have implemented the advanced technology and fully automated trading systems. This has changed the stock markets role in the capital formation as great boom has been observed during the study period.

  2. Responsabilidade social e retornos das ações: uma análise de empresas listadas na BM&FBOVESPA = Social responsibility and stock returns: an analysis of companies listed on BM&FBOVESPA

    Directory of Open Access Journals (Sweden)

    Diego Lopes de Oliveira Martins

    2015-08-01

    crucial element for success in the market. Corporate Social Responsibility refers to the adoption of socially responsible practices by the authorities, aimed at providing social and economic development of the environments in which they operate. At the same time, these actions meet the organizational interests that may lead to improved corporate image, market share gains, increase in profitability and increase the possibilities of continuity. In order to verify a possible relationship between corporate social responsibility practices and the economic results reported by the companies, this research sought to identify whether disclosure of the composition of the portfolio of the Corporate Sustainability Index (ISE of BM&FBOVESPA impacts on variations in stock returns of the companies that are in the index. In this sense, the share of assets in the portfolio was considered as a proxy for sustainability initiatives, and the event study method was used to analyze the effect of the inclusion or exclusion of firms in the portfolio. ISE portfolios were analyzed for the years 2011 to 2013 and the results showed positive abnormal returns of the companies included after the release of the index and negative abnormal returns of the firms that were excluded from the index. It was found also that the market behavior returns to normality after the absortion of avaliable information, which supports the semi-strong efficiency hypothesis of the Brazilian capital market.

  3. Retrospective analysis of seasonal ocean growth rates of two sea winter Atlantic Salmon in eastern Maine using historic scales

    Science.gov (United States)

    Izzo, Lisa K.; Zydlewski, Joseph D.

    2017-01-01

    Substantial declines of anadromous Atlantic Salmon Salmo salar have occurred throughout its range, with many populations at the southern extent of the distribution currently extirpated or endangered. While both one sea winter (1SW) and two sea winter (2SW) spawner numbers for the North American stocks have declined since the 1950s, the decline has been most severe in 2SW spawners. The first months at sea are considered a period of high mortality. However, early ocean mortality alone cannot explain the more pronounced decline of 2SW spawners, suggesting that the second year at sea may be more critical than previously thought. Atlantic Salmon scales collected by anglers and the state agency from 1946 to 2013 from five rivers in eastern Maine were used to estimate smolt age and ocean age of returning adults. Additionally, seasonal growth rates of maiden 2SW spawners were estimated using intercirculi measurements and linear back-calculation methods. Generalized linear mixed models (Gaussian family, log link function) were used to investigate the influence of average sea surface temperature, accumulated thermal units, the Atlantic Multidecadal Oscillation (AMO) and North Atlantic Oscillation indices, smolt age, smolt length, postsmolt growth, and river of origin on growth rate during the oceanic migration of North American Atlantic Salmon. Results suggest that different factors influence salmon growth throughout their oceanic migration, and previous growth can be a strong predictor of future size. Growth was negatively impacted by the phase of the AMO, which has been linked to salmon abundance trends, in early spring following the postsmolt period. This is likely when the 1SW and 2SW stock components separate, and our results suggest that this period may be of interest in future work examining the disproportionate decline in 2SW spawners.

  4. Accuracy of Assignment of Atlantic Salmon (Salmo salar L.) to Rivers and Regions in Scotland and Northeast England Based on Single Nucleotide Polymorphism (SNP) Markers

    Science.gov (United States)

    Gilbey, John; Cauwelier, Eef; Coulson, Mark W.; Stradmeyer, Lee; Sampayo, James N.; Armstrong, Anja; Verspoor, Eric; Corrigan, Laura; Shelley, Jonathan; Middlemas, Stuart

    2016-01-01

    Understanding the habitat use patterns of migratory fish, such as Atlantic salmon (Salmo salar L.), and the natural and anthropogenic impacts on them, is aided by the ability to identify individuals to their stock of origin. Presented here are the results of an analysis of informative single nucleotide polymorphic (SNP) markers for detecting genetic structuring in Atlantic salmon in Scotland and NE England and their ability to allow accurate genetic stock identification. 3,787 fish from 147 sites covering 27 rivers were screened at 5,568 SNP markers. In order to identify a cost-effective subset of SNPs, they were ranked according to their ability to differentiate between fish from different rivers. A panel of 288 SNPs was used to examine both individual assignments and mixed stock fisheries and eighteen assignment units were defined. The results improved greatly on previously available methods and, for the first time, fish caught in the marine environment can be confidently assigned to geographically coherent units within Scotland and NE England, including individual rivers. As such, this SNP panel has the potential to aid understanding of the various influences acting upon Atlantic salmon on their marine migrations, be they natural environmental variations and/or anthropogenic impacts, such as mixed stock fisheries and interactions with marine power generation installations. PMID:27723810

  5. Use of Dual Frequency Identification Sonar to Determine Adult Chinook Salmon (Oncorhynchus tshawytscha) Escapement in the Secesh River, Idaho ; Annual Report, January 2008 – December 2008.

    Energy Technology Data Exchange (ETDEWEB)

    Kucera, Paul A. [Nez Perce Tribe Department of Fisheries Resources Management

    2009-06-26

    Chinook salmon in the Snake River basin were listed as threatened under the Endangered Species Act in 1992 (NMFS 1992). The Secesh River represents the only stream in the Snake River basin where natural origin (wild) salmon escapement monitoring occurs at the population level, absent a supplementation program. As such the Secesh River has been identified as a long term salmon escapement and productivity monitoring site by the Nez Perce Tribe Department of Fisheries Resources Management. Salmon managers will use this data for effective population management and evaluation of the effect of conservation actions on a natural origin salmon population. The Secesh River also acts as a reference stream for supplementation program comparison. Dual frequency identification sonar (DIDSON) was used to determine adult spring and summer Chinook salmon escapement in the Secesh River in 2008. DIDSON technology was selected because it provided a non-invasive method for escapement monitoring that avoided listed species trapping and handling incidental mortality, and fish impedance related concerns. The DIDSON monitoring site was operated continuously from June 13 to September 14. The first salmon passage was observed on July 3. DIDSON site total estimated salmon escapement, natural and hatchery fish, was 888 fish {+-} 65 fish (95% confidence interval). Coefficient of variation associated with the escapement estimate was 3.7%. The DIDSON unit was operational 98.1% of the salmon migration period. Adult salmon migration timing in the Secesh River occurred over 74 days from July 3 to September 14, with 5,262 total fish passages observed. The spawning migration had 10%, median, and 90% passage dates of July 8, July 16, and August 12, respectively. The maximum number of net upstream migrating salmon was above the DIDSON monitoring site on August 27. Validation monitoring of DIDSON target counts with underwater optical cameras occurred for species identification. A total of 860 optical

  6. The Differences Between Stock Splits and Stock Dividends

    DEFF Research Database (Denmark)

    Bechmann, Ken L.; Raaballe, Johannes

    It is often asserted that stock splits and stock dividends are purely cosmetic events. However, many studies have documented several stock market effects associated with stock splits and stock dividends. This paper examines the effects of these two types of events for the Danish stock market...... different. Second, the positive stock market reaction is closely related to associated changes in a firm's payout policy, but the relationship varies for the two types of events. Finally, there is only very weak evidence for a change in the liquidity of the stock. On the whole, after controlling...... for the firm's payout policy, the results suggest that a stock split is a cosmetic event and that a stock dividend on its own is considered negative news....

  7. Development of stock correlation networks using mutual information and financial big data.

    Science.gov (United States)

    Guo, Xue; Zhang, Hu; Tian, Tianhai

    2018-01-01

    Stock correlation networks use stock price data to explore the relationship between different stocks listed in the stock market. Currently this relationship is dominantly measured by the Pearson correlation coefficient. However, financial data suggest that nonlinear relationships may exist in the stock prices of different shares. To address this issue, this work uses mutual information to characterize the nonlinear relationship between stocks. Using 280 stocks traded at the Shanghai Stocks Exchange in China during the period of 2014-2016, we first compare the effectiveness of the correlation coefficient and mutual information for measuring stock relationships. Based on these two measures, we then develop two stock networks using the Minimum Spanning Tree method and study the topological properties of these networks, including degree, path length and the power-law distribution. The relationship network based on mutual information has a better distribution of the degree and larger value of the power-law distribution than those using the correlation coefficient. Numerical results show that mutual information is a more effective approach than the correlation coefficient to measure the stock relationship in a stock market that may undergo large fluctuations of stock prices.

  8. 75 FR 46912 - Draft 2010 Marine Mammal Stock Assessment Reports

    Science.gov (United States)

    2010-08-04

    ..., Niihau stock, Kure-Midway stock, and the Pearl and Hermes stock. The SAR for the Hawaii stock of... new bottlenose dolphin stocks are the Kauai-Niihau stock, Oahu stock, Four Islands stock, and the...

  9. Rasio Utang Memediasi Pengaruh Kemampulabaan Dan Ukuran Aktiva Terhadap Kebijakan Dividen: Studi Empiris Pada Perusahaan Perkebunan Kelapa Sawit Yang Terdaftar Di Bursa Efek Indonesia [Debt Ratio to Mediate Effect of Profitability and Asset Size on Dividend Policy: An Empirical Study on Oil Palm Plantation Companies Listed with the Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Rudolf Lumbantobing

    2017-06-01

    Full Text Available This research explores the influence of the debt policy, profitability, and size of asset toward company's dividend policy on oil palm plantation companies listed with the Indonesia Stock Exchange for the years 2011-2015. The secondary data used in this research were obtained directly from the company website and the Indonesia Stock Exchange (IDX. The data collection was conducted by direct observation upon the research object. The data were analyzed using path analysis and logistical regression model. The result showed that profitability has a significant and negative effect on the debt ratio. Size of asset does not have a significant and positive effect on the debt ratio. Profitability and size of assets have significant and positive effects on dividend policy, which proves that the larger profitability and the size of assets, the greater the probabilty of paying dividends. Debt ratio does not have a significant and positive effect on dividend policy. Debt ratio has a significant positively partial mediating effect toward the influence of profitability on dividend policy. Otherwise, debt ratio does not have a significant negatively mediating effect toward the positive effect of size of asset on dividend policy.  BAHASA INDONESIA ABSTRAK: Penelitian ini mengeksplorasi engaruh kebijakan utang, kemampulabaan dan ukuran aktiva terhadap kebijakan dividen perusahaan perkebunan kelapa sawit yang terdaftar di Bursa Efek Indonesia periode tahun 2011-2015. Data yang digunakan adalah data sekunder yang diperoleh secara langsung dari website perusahaan dan Bursa Efek Indonesia. Pengumpulan data dilakukan dengan observasi tidak langsung terhadap objek penelitian yaitu perusahaan kelapa sawit. Data dianalisis dengan menggunakan path analysis dan model regresi logistik. Temuan penelitian ini menunjukkan bukti bahwa kemampulabaan signifikan berpengaruh negatif terhadap rasio utang. Ukuran aktiva tidak signifikan berpengaruh positif terhadap rasio

  10. AFSC/ABL: Chum salmon allozyme baseline

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Allozymes from 46 loci were analyzed from chum salmon (Oncorhynchus keta) collected at 61 locations in southeast Alaska and northern British Columbia. Of the 42...

  11. Pacific Northwest Salmon Habitat Project Database

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the Pacific Northwest Salmon Habitat Project Database Across the Pacific Northwest, both public and private agents are working to improve riverine habitat for a...

  12. Simulating Stock Prices Using Geometric Brownian Motion: Evidence from Australian Companies

    Directory of Open Access Journals (Sweden)

    Krishna Reddy

    2016-09-01

    Full Text Available This study uses the geometric Brownian motion (GBM method to simulate stock price paths, and tests whether the simulated stock prices align with actual stock returns. The sample for this study was based on the large listed Australian companies listed on the S&P/ASX 50 Index. Daily stock price data was obtained from the Thomson One database over the period 1 January 2013 to 31 December 2014. The findings are slightly encouraging as results show that over all time horizons the chances of a stock price simulated using GBM moving in the same direction as real stock prices was a little greater than 50 percent. However, the results improved slightly when portfolios were formed.

  13. FAVAR Analysis of Foreign Investment with Capital Market Predictors: Evidence on Nigerian and Selected African Stock Exchanges

    Directory of Open Access Journals (Sweden)

    David Umoru

    2018-03-01

    Full Text Available Econometrically, we analyzed role of selected African stock exchanges in welcoming FDI inflows by estimating time-varying factor augmented vector auto-regression (FAVAR model for 2006:Q1 to 2017:Q4. Our results support FDI being massively influenced by movements in two stock market predictors namely, stock market's size, that is, total market value of stock market's listed shares calculated by multiplying a stock market’s shares listed by current market price of one share and stock market liquidity which is total value of traded shares relative to the size of the economy. By empirical inference, African stock exchanges exhibit inordinate turnover ratio and so these markets are exceedingly liquid. Particularly, transactions at stock exchange are significant indicators for foreign investors and total market value of listed shares in stock markets is linked positively with FDI inflow into Africa. The empirical finding is that viable African stock exchanges are attractive indicator of market concentration and high investment profile in Africa. The study so remarked the requisite to advance the stock exchange in order to boost funds accumulation for investment drive. Also, African governments should project and implement stock market-friendly procedures acceptable to maximize welfares of spillover effects of FDI.

  14. DLA Forward Stocking

    National Research Council Canada - National Science Library

    Flory, John

    2007-01-01

    .... This study evaluates the feasibility of forward stocking in terms of DoD savings. The performance of DLA's criteria is evaluated and a new criteria using a cost and demand threshold is proposed...

  15. Etiology of sockeye salmon 'virus' disease

    Science.gov (United States)

    Guenther, Raymond W.; Watson, S.W.; Rucker, R.R.; Ross, A.J.

    1959-01-01

    Violent epizootics among hatchery reared sockeye salmon fingerlings (Oncorhynchus nerka) caused by a filterable agent have occurred. In 1954, one source of this infectious, filterable agent was found to be adult sockeye viscera used in the diet for the fingerlings. The results of observations on an epizootic in 1958 indicate that the infection may be transmitted to fingerlings from a water supply to which adult sockeye salmon have access.

  16. Quantifying Temperature Effects on Fall Chinook Salmon

    Energy Technology Data Exchange (ETDEWEB)

    Jager, Yetta [ORNL

    2011-11-01

    The motivation for this study was to recommend relationships for use in a model of San Joaquin fall Chinook salmon. This report reviews literature pertaining to relationships between water temperature and fall Chinook salmon. The report is organized into three sections that deal with temperature effects on development and timing of freshwater life stages, temperature effects on incubation survival for eggs and alevin, and temperature effects on juvenile survival. Recommendations are made for modeling temperature influences for all three life stages.

  17. Salmon River Habitat Enhancement. 1990 Annual Report

    Energy Technology Data Exchange (ETDEWEB)

    Rowe, Mike

    1991-12-01

    The annual report contains three individual subproject sections detailing tribal fisheries work completed during the summer and fall of 1990. Subproject I contains summaries of evaluation/monitoring efforts associated with the Bear Valley Creek, Idaho enhancement project. Subproject II contains an evaluation of the Yankee Fork of the Salmon River habitat enhancement project. Subproject III concerns the East Fork of the Salmon River, Idaho.

  18. Effects of hyporheic exchange flows on egg pocket water temperature in Snake River fall Chinook salmon spawning areas

    Energy Technology Data Exchange (ETDEWEB)

    Hanrahan, T. P. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Geist, D. R. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Arntzen, E. V. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Abernethy, C. S. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

    2004-09-01

    The development of the Snake River hydroelectric system has affected fall Chinook salmon smolts by shifting their migration timing to a period (mid- to late-summer) when downstream reservoir conditions are unfavorable for survival. Subsequent to the Snake River Chinook salmon fall-run Evolutionary Significant Unit being listed as Threatened under the Endangered Species Act, recovery planning has included changes in hydrosystem operations (e.g., summer flow augmentation) to improve water temperature and flow conditions during the juvenile Chinook salmon summer migration period. In light of the limited water supplies from the Dworshak reservoir for summer flow augmentation, and the associated uncertainties regarding benefits to migrating fall Chinook salmon smolts, additional approaches for improved smolt survival need to be evaluated. This report describes research conducted by the Pacific Northwest National Laboratory (PNNL) that evaluated relationships among river discharge, hyporheic zone characteristics, and egg pocket water temperature in Snake River fall Chinook salmon spawning areas. This was a pilot-scale study to evaluate these relationships under existing operations of Hells Canyon Dam (i.e., without any prescribed manipulations of river discharge) during the 2002–2003 water year.

  19. Stock Performance of Socially Responsible Companies

    Directory of Open Access Journals (Sweden)

    Huang Tzu-Man

    2016-12-01

    Full Text Available Every year Corporate Responsibility Magazine selects and ranks 100 companies on the basis of their corporate social responsibility. This study investigates the stock performance of socially responsible companies in the U.S. The monthly stock returns for these companies are analyzed and compared with the market performance, with the S&P 500 index designated as a proxy for the market. The empirical evidence suggests that these 100 companies outperform the market in their monthly stock returns. We also narrow down the number of companies selected to the top 75, 50, 25, and 10 firms. As we narrow down the companies selected, the difference between their returns and the market returns also narrows. In other words, a portfolio that includes all top 100 companies provides the best stock performance. We extend the analysis to long-term annual stock performance. We find that these socially responsible companies′ annual returns are higher than the market returns for up to seven years after they are listed. We also conduct the same analysis on the top 75, 50, 25, and 10 firms, respectively. Similarly, the larger the number of these top 100 companies, the greater the tendency to generate higher annual returns. We suspect that because the difference between the socially responsible companies′ average returns and the market returns is not dramatic, with a bigger population and thus a larger sample size, the difference becomes more significant. However, in practice, transaction costs must be considered. This study is limited in that it does not consider transaction costs. Nevertheless, we hope to shed some light on the issue of socially responsible companies′ stock performance to encourage companies to start thinking about the importance of corporate social responsibility.

  20. Spawning Habitat Studies of Hanford Reach Fall Chinook Salmon (Oncorhynchus tshawytscha), Final Report.

    Energy Technology Data Exchange (ETDEWEB)

    Geist, David R.; Arntzen, Evan V.; Chien, Yi-Ju (Pacific Northwest National Laboratory)

    2009-03-02

    The Pacific Northwest National Laboratory conducted this study for the Bonneville Power Administration (BPA) with funding provided through the Northwest Power and Conservation Council(a) and the BPA Fish and Wildlife Program. The study was conducted in the Hanford Reach of the Columbia River. The goal of study was to determine the physical habitat factors necessary to define the redd capacity of fall Chinook salmon that spawn in large mainstem rivers like the Hanford Reach and Snake River. The study was originally commissioned in FY 1994 and then recommissioned in FY 2000 through the Fish and Wildlife Program rolling review of the Columbia River Basin projects. The work described in this report covers the period from 1994 through 2004; however, the majority of the information comes from the last four years of the study (2000 through 2004). Results from the work conducted from 1994 to 2000 were covered in an earlier report. More than any other stock of Pacific salmon, fall Chinook salmon (Oncorhynchus tshawytscha) have suffered severe impacts from the hydroelectric development in the Columbia River Basin. Fall Chinook salmon rely heavily on mainstem habitats for all phases of their life cycle, and mainstem hydroelectric dams have inundated or blocked areas that were historically used for spawning and rearing. The natural flow pattern that existed in the historic period has been altered by the dams, which in turn have affected the physical and biological template upon which fall Chinook salmon depend upon for successful reproduction. Operation of the dams to produce power to meet short-term needs in electricity (termed power peaking) produces unnatural fluctuations in flow over a 24-hour cycle. These flow fluctuations alter the physical habitat and disrupt the cues that salmon use to select spawning sites, as well as strand fish in near-shore habitat that becomes dewatered. The quality of spawning gravels has been affected by dam construction, flood protection, and

  1. Salmon River Habitat Enhancement, 1989 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Rowe, Mike

    1989-04-01

    This project was funded by the Bonneville Power Administration (BPA). The annual report contains three individual subproject papers detailing tribal fisheries work completed during the summer and fall of 1989. Subproject 1 contains summaries of evaluation/monitoring efforts associated with the Bear Valley Creek, Idaho enhancement project. Subproject 2 contains an evaluation of the Yankee Fork of the Salmon River habitat enhancement project. This report has been sub-divided into two parts: Part 1; stream evaluation and Part 2; pond series evaluation. Subproject 3 concerns the East Fork of the Salmon River, Idaho. This report summarizes the evaluation of the project to date including the 1989 pre-construction evaluation conducted within the East Fork drainage. Dredge mining has degraded spawning and rearing habitat for chinook salmon and steelhead trout in the Yankee Fork drainage of the Salmon River and in Bear Valley Creek. Mining, agricultural, and grazing practices degraded habitat in the East Fork of the Salmon River. Biological monitoring of the success of habitat enhancement for Bear Valley Creek and Yankee Fork are presented in this report. Physical and biological inventories prior to habitat enhancement in East Fork were also conducted. Four series of off-channel ponds of the Yankee Fork are shown to provide effective rearing habitat for chinook salmon. 45 refs., 49 figs., 24 tabs.

  2. Re-estimating temperature-dependent consumption parameters in bioenergetics models for juvenile Chinook salmon

    Science.gov (United States)

    Plumb, John M.; Moffitt, Christine M.

    2015-01-01

    Researchers have cautioned against the borrowing of consumption and growth parameters from other species and life stages in bioenergetics growth models. In particular, the function that dictates temperature dependence in maximum consumption (Cmax) within the Wisconsin bioenergetics model for Chinook Salmon Oncorhynchus tshawytscha produces estimates that are lower than those measured in published laboratory feeding trials. We used published and unpublished data from laboratory feeding trials with subyearling Chinook Salmon from three stocks (Snake, Nechako, and Big Qualicum rivers) to estimate and adjust the model parameters for temperature dependence in Cmax. The data included growth measures in fish ranging from 1.5 to 7.2 g that were held at temperatures from 14°C to 26°C. Parameters for temperature dependence in Cmax were estimated based on relative differences in food consumption, and bootstrapping techniques were then used to estimate the error about the parameters. We found that at temperatures between 17°C and 25°C, the current parameter values did not match the observed data, indicating that Cmax should be shifted by about 4°C relative to the current implementation under the bioenergetics model. We conclude that the adjusted parameters for Cmax should produce more accurate predictions from the bioenergetics model for subyearling Chinook Salmon.

  3. Salmon-Eating Grizzly Bears Exposed to Elevated Levels of Marine Derived Persistent Organic Pollutants

    Science.gov (United States)

    Christensen, J. R.; Ross, P. S.; Whiticar, M. J.

    2004-12-01

    The coastal grizzly bears of British Columbia (BC, Canada) rely heavily on salmon returning from the Pacific Ocean, whereas interior bears do not have access to or readily utilize this marine-derived food source. Since salmon have been shown to accumulate persistent organic pollutants (POPs) from the North Pacific Ocean, we hypothesized that salmon consumption by grizzly bears would be reflected by an increase in the POP burden. To test this hypothesis we collected hair and fat tissue from grizzlies at various locations around BC to compare salmon-eating (coastal) grizzlies to non-salmon-eating (interior) grizzlies. We characterized the feeding habits for each bear sampled by measuring the stable carbon and nitrogen isotope signature of their hair. The positive relationship between 13C/12C and 15N/14N isotopic ratios suggests that the majority of the meat portion of the diet of coastal grizzlies is coming from salmon, rather than from terrestrial or freshwater sources. By contrast, stable isotope ratios revealed that interior bears have an almost exclusive vegetarian diet with no marine influence. As hypothesized, the coastal grizzly bears have significantly greater OC pesticide and lower-brominated PBDE congener body burden than the interior grizzlies. We also found a positive relationship between C and N isotope ratios and these same POP contaminants in bear tissue. Overall, these results demonstrate that Pacific salmon represents a significant vector delivering both OC pesticides and PBDEs to BC coastal grizzly bears.

  4. SRKW summer prey - Prey species and stock specific consumption estimates for SRKW in their summer range

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Southern Resident Killer Whales (SRKW) are listed as a Distinct Population Segment under the Endangered Species Act. Data concerning their prey species and stock...

  5. Information Salience, Investor Sentiment, and Stock Returns : The Case of British Soccer Betting

    NARCIS (Netherlands)

    Palomino, F.A.; Renneboog, L.D.R.; Zhang, C.

    2008-01-01

    Soccer clubs listed on the London Stock Exchange provide a unique way of testing stock price reactions to different types of news. For each firm, two pieces of information are released on a weekly basis: experts' expectations about game outcomes through the betting odds, and the game outcomes

  6. Information salience, investor sentiment and stock returns : The case of British soccer betting

    NARCIS (Netherlands)

    Palomino, F.A.; Renneboog, L.D.R.; Zhang, C.

    2009-01-01

    Soccer clubs listed on the London Stock Exchange provide a unique way of testing stock price reactions to different types of news. For each firm, two pieces of information are released on a weekly basis: experts' expectations about game outcomes through the betting odds, and the game outcomes

  7. Information Salience, Investor Sentiment, and Stock Returns : The Case of British Soccer Betting

    NARCIS (Netherlands)

    Palomino, F.A.; Renneboog, L.D.R.; Zhang, C.

    2008-01-01

    Soccer clubs listed on the London Stock Exchange provide a unique way of testing stock price reactions to different types of news. For each firm, two pieces of information are released on a weekly basis: experts’ expectations about game outcomes through the betting odds, and the game outcomes

  8. Overseas listing location and capital structure

    Institute of Scientific and Technical Information of China (English)

    Peixin Li; Baolian Wang

    2014-01-01

    Purpose-A significant number of Chinese companies are listed overseas.The authors aim to examine whether overseas locations affect their financing decision,specifically their capital structure choice.Design/methodology/approach-Most of the Chinese overseas listed companies are listed in the USA and Hong Kong.As the institutional quality of the USA is better than Hong Kong,the authors,therefore,choose to build the hypotheses from the “law and finance” literature.Specifically,the authors argue that the better institutional environment of the USA can mitigate the information asymmetry problem and the agency problem of financing via equity.Consequently,firms listed in the USA will rely more on equity and have lower leverage ratio.The difference in leverage ratio of US listed and Hong Kong listed companies should be larger when the marginal benefit of better information environment is larger.Findings-Referring to various data sources,the authors construct a comprehensive list of overseas listed companies in the USA and Hong Kong.The authors collect the accounting and stock performance information from Datastream/Worldscope and the equity offering data from Global New Issue database.The empirical findings provide strong support of the hypotheses:the leverage is 15 percent lower for US listed companies than the Hong Kong listed companies;the results are stronger when the firms face more severe information asymmetry problem;the stock price reacts less negatively for seasoned equity offering in the USA than in Hong Kong.Practical implications-Most of the Chinese companies decided to be listed overseas because they cannot be listed in the Mainland Chinese stock exchanges.One of the most important motivation is to access to external capital to support firm growth.As the main channel of external financing in the overseas markets is equity since debt is still mainly domestically based,one implication of this paper is that Chinese companies can gain better access to external

  9. Columbia River Stock Identification Study; Validation of Genetic Method, 1980-1981 Final Report.

    Energy Technology Data Exchange (ETDEWEB)

    Milner, George B.; Teel, David J.; Utter, Fred M. (Northwest and Alaska Fisheries Science Center, Coastal Zone and Estuarine Studies Division, Seattle, WA)

    1981-06-01

    The reliability of a method for obtaining maximum likelihood estimate of component stocks in mixed populations of salmonids through the frequency of genetic variants in a mixed population and in potentially contributing stocks was tested in 1980. A data base of 10 polymorphic loci from 14 hatchery stocks of spring chinook salmon of the Columbia River was used to estimate proportions of these stocks in four different blind'' mixtures whose true composition was only revealed subsequent to obtaining estimates. The accuracy and precision of these blind tests have validated the genetic method as a valuable means for identifying components of stock mixtures. Properties of the genetic method were further examined by simulation studies using the pooled data of the four blind tests as a mixed fishery. Replicated tests with samples sizes between 100 and 1,000 indicated that actual standard deviations on estimated contributions were consistently lower than calculated standard deviations; this difference diminished as sample size increased. It is recommended that future applications of the method be preceded by simulation studies that will identify appropriate levels of sampling required for acceptable levels of accuracy and precision. Variables in such studies include the stocks involved, the loci used, and the genetic differentiation among stocks. 8 refs., 6 figs., 4 tabs.

  10. Cessation of a salmon decline with control of parasites

    KAUST Repository

    Peacock, Stephanie J.; Krkošek, Martin; Proboszcz, Stan; Orr, Craig; Lewis, Mark A.

    2013-01-01

    (Oncorhynchus gorbuscha) from Pacific Canada indicates that adaptive changes in parasite management on salmon farms have yielded positive conservation outcomes. After four years of sea lice epizootics and wild salmon population decline, parasiticide application

  11. Snake River Sockeye Salmon Captive Broodstock Program; Hatchery Element, 1997 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Kline, Paul A.; Heindel, Jeff A.; Willard, Catherine (Idaho Department of Fish and Game, Boise, ID)

    2003-08-01

    On November 20, 1991, the National Marine Fisheries Service listed Snake River sockeye salmon Oncorhynchus nerka as endangered under the Endangered Species Act of 1973. In 1991, the Idaho Department of Fish and Game, the Shoshone-Bannock Tribes, and the National Marine Fisheries Service initiated efforts to conserve and rebuild populations in Idaho. Initial steps to recover sockeye salmon included the establishment of a captive broodstock program at the Idaho Department of Fish and Game Eagle Fish Hatchery. Sockeye salmon broodstock and culture responsibilities are shared with the National Marine Fisheries Service at two locations adjacent to Puget Sound in Washington State. Activities conducted by the Shoshone-Bannock Tribes and the National Marine Fisheries Service are reported under separate cover. Idaho Department of Fish and Game monitoring and evaluation activities of captive broodstock program fish releases (annual report to the Bonneville Power Administration for the research element of the program) are also reported under separate cover. Captive broodstock program activities conducted between January 1, 1997 and December 31, 1997 are presented in this report. One hundred twenty-six female sockeye salmon from one captive broodstock group were spawned at the Eagle Fish Hatchery in 1997. Successful spawn pairings produced approximately 148,781 eyed-eggs with a cumulative mean survival to eyed-egg rate of 57.3%. Approximately 361,600 sockeye salmon were released to Sawtooth basin waters in 1997. Reintroduction strategies included eyed-eggs (brood year 1997), presmolts (brood year 1996), and prespawn adults for volitional spawning (brood year 1994). Release locations included Redfish Lake, Alturas Lake, and Pettit Lake. During this reporting period, four broodstocks and two unique production groups were in culture at the Eagle Fish Hatchery. Two of the four broodstocks were incorporated into the 1997 spawning design, and one broodstock was terminated following

  12. Price performance following stock's IPO in different price limit systems

    Science.gov (United States)

    Wu, Ting; Wang, Yue; Li, Ming-Xia

    2018-01-01

    An IPO burst occurred in China's stock markets in 2015, while price limit trading rules usually help to reduce the short-term trading mania on individual stocks. It is interesting to make clear the function of the price limits after IPOs. We firstly make a statistical analysis based on all the IPO stocks listed from 1990 to 2015. A high dependency exists between the activities in stock's IPO and various market environment. We also focus on the price dynamics in the first 40 trading days after the stock listed. We find that price limit system will delay the price movement, especially for the up-trend movements, which may lead to longer continuous price limit hits. Similar to our previous work, many results such as ;W; shape can be also observed in the future daily return after the price limit open. At last, we find most IPO measures show evident correlations with the following price limit hits. IPO stocks with lower first-day turnover and earning per share will be followed with a longer continuous price limit hits and lower future daily return under the newest trading rules, which give us a good way to estimate the occurrence of price limit hits and the following price dynamics. Our analysis provides a better understanding of the price dynamics after IPO events and offers potential practical values for investors.

  13. The effect of exposure to farmed salmon on piscine orthoreovirus infection and fitness in wild Pacific salmon in British Columbia, Canada.

    Directory of Open Access Journals (Sweden)

    Alexandra Morton

    Full Text Available The disease Heart and Skeletal Muscle Inflammation (HSMI is causing substantial economic losses to the Norwegian salmon farming industry where the causative agent, piscine orthoreovirus (PRV, is reportedly spreading from farmed to wild Atlantic salmon (Salmo salar with as yet undetermined impacts. To assess if PRV infection is epidemiologically linked between wild and farmed salmon in the eastern Pacific, wild Pacific salmon (Oncorhynchus sp. from regions designated as high or low exposure to salmon farms and farmed Atlantic salmon reared in British Columbia (BC were tested for PRV. The proportion of PRV infection in wild fish was related to exposure to salmon farms (p = 0.0097. PRV was detected in: 95% of farmed Atlantic salmon, 37-45% of wild salmon from regions highly exposed to salmon farms and 5% of wild salmon from the regions furthest from salmon farms. The proportion of PRV infection was also significantly lower (p = 0.0008 where wild salmon had been challenged by an arduous return migration into high-elevation spawning habitat. Inter-annual PRV infection declined in both wild and farmed salmon from 2012-2013 (p ≤ 0.002. These results suggest that PRV transfer is occurring from farmed Atlantic salmon to wild Pacific salmon, that infection in farmed salmon may be influencing infection rates in wild salmon, and that this may pose a risk of reduced fitness in wild salmon impacting their survival and reproduction.

  14. Snake River Sockeye Salmon Captive Broodstock Program; Hatchery Element, 2002 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Willard, Catherine; Baker, Dan J.; Heindel, Jeff A. (Idaho Department of Fish and Game, Boise, ID)

    2003-12-01

    On November 20, 1991, the National Marine Fisheries Service listed Snake River sockeye salmon Oncorhynchus nerka as endangered under the Endangered Species Act of 1973. In 1991, the Idaho Department of Fish and Game, the Shoshone-Bannock Tribes, and the National Marine Fisheries Service initiated efforts to conserve and rebuild populations in Idaho. Initial steps to recover sockeye salmon included the establishment of a captive broodstock program at the Idaho Department of Fish and Game Eagle Fish Hatchery. Sockeye salmon broodstock and culture responsibilities are shared with the National Oceanic and Atmospheric Administration at two locations adjacent to Puget Sound in Washington State. Activities conducted by the Shoshone-Bannock Tribes and the National Oceanic and Atmospheric Administration are reported under separate cover. Idaho Department of Fish and Game monitoring and evaluation activities of captive broodstock program fish releases (annual report to the Bonneville Power Administration for the research element of the program) are also reported separately. Captive broodstock program activities conducted between January 1, 2002 and December 31, 2002 for the hatchery element of the program are presented in this report. n 2002, 22 anadromous sockeye salmon returned to the Sawtooth Valley. Fifteen of these adults were captured at adult weirs located on the upper Salmon River and on Redfish Lake Creek. Seven of the anadromous sockeye salmon that returned were observed below the Sawtooth Fish Hatchery weir and allowed to migrate upstream volitionally (following the dismantling of the weir on September 30, 2002). All adult returns were released to Redfish Lake for natural spawning. Based on their marks, returning adult sockeye salmon originated from a variety of release options. Sixty-six females from brood year 1999 and 28 females from brood year 2000 captive broodstock groups were spawned at the Eagle Hatchery in 2002. Spawn pairings produced approximately 65

  15. Snake River Sockeye Salmon Captive Broodstock Program; Hatchery Element, 1999 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Baker, Dan J,; Heindel, Jeff A.; Kline, Paul A. (Idaho Department of Fish and Game, Boise, ID)

    2005-08-01

    On November 20, 1991, the National Marine Fisheries Service listed Snake River sockeye salmon Oncorhynchus nerka as endangered under the Endangered Species Act of 1973. In 1991, the Idaho Department of Fish and Game, the Shoshone-Bannock Tribes, and the National Marine Fisheries Service initiated efforts to conserve and rebuild populations in Idaho. Initial steps to recover sockeye salmon included the establishment of a captive broodstock program at the Idaho Department of Fish and Game Eagle Fish Hatchery. Sockeye salmon broodstock and culture responsibilities are shared with the National Marine Fisheries Service at two locations adjacent to Puget Sound in Washington State. Activities conducted by the Shoshone-Bannock Tribes and the National Marine Fisheries Service are reported under separate cover. Idaho Department of Fish and Game monitoring and evaluation activities of captive broodstock program fish releases are also reported under separate cover. Captive broodstock program activities conducted between January 1, 1999 and December 31, 1999 are presented in this report. In 1999, seven anadromous sockeye salmon returned to the Sawtooth Valley and were captured at the adult weir located on the upper Salmon River. Four anadromous adults were incorporated in the captive broodstock program spawning design for year 1999. The remaining three adults were released to Redfish Lake for natural spawning. All seven adults were adipose and left ventral fin-clipped, indicating hatchery origin. One sockeye salmon female from the anadromous group and 81 females from the captive broodstock group were spawned at the Eagle Fish Hatchery in 1999. Spawn pairings produced approximately 63,147 eyed-eggs with egg survival to eyed-stage of development averaging 38.97%. Eyed-eggs (20,311), presmolts (40,271), smolts (9,718), and adults (21) were planted or released into Sawtooth Valley waters in 1999. Supplementation strategies involved releases to Redfish Lake, Redfish Lake Creek

  16. Ranking water transparency of Dutch stock-listed companies

    NARCIS (Netherlands)

    Linneman, Marissa H.; Hoekstra, Arjen Ysbert; Berkhout, Wouter

    2015-01-01

    A growing world population, changing consumption patterns and climate change are affecting water demands, water scarcity and water quality worldwide, while at present, few companies are incorporating good water stewardship. In order to create awareness on this issue and provide an incentive for

  17. Commodities and Stock Investment

    Directory of Open Access Journals (Sweden)

    Syed Jawad Hussain Shahzad

    2014-09-01

    Full Text Available This study is a multivariate analysis of commodities and stock investment in a newly established market scenario. Return distribution asymmetry is examined with higher order movements. Skewness in commodity future’s return is largely insignificant, whereas kurtosis is highly significant for both stock and commodity future contracts. Correlation analysis is done with Pearson’s and Kendall’s tau measures. Commodities provide significant diversification benefits when added in a portfolio of stocks. Compared with stocks, commodity future’s returns show stronger correlation with unexpected inflation. The volatility is measured through Glosten-Jagannathan-Runkle - Generalized Autoregressive Conditional Heteroskedasticity (GJR-GARCH model and reflects that commodities have inverted asymmetric behavior, that is, more impact from the upward shocks compared with downward. Stocks have asymmetric volatility, that is, more impact from negative shocks compared with positive. Gold has highest inverted asymmetric volatility. Tail dependence, measured through Student’s t copula, shows no combined downside movement. In conclusion, commodity investments provide diversification and inflation protection.

  18. Recent salmon declines: a result of lost feeding opportunities due to bad timing?

    Directory of Open Access Journals (Sweden)

    Cedar M Chittenden

    Full Text Available As the timing of spring productivity blooms in near-shore areas advances due to warming trends in global climate, the selection pressures on out-migrating salmon smolts are shifting. Species and stocks that leave natal streams earlier may be favoured over later-migrating fish. The low post-release survival of hatchery fish during recent years may be in part due to static release times that do not take the timing of plankton blooms into account. This study examined the effects of release time on the migratory behaviour and survival of wild and hatchery-reared coho salmon (Oncorhynchus kisutch using acoustic and coded-wire telemetry. Plankton monitoring and near-shore seining were also conducted to determine which habitat and food sources were favoured. Acoustic tags (n = 140 and coded-wire tags (n = 266,692 were implanted into coho salmon smolts at the Seymour and Quinsam Rivers, in British Columbia, Canada. Differences between wild and hatchery fish, and early and late releases were examined during the entire lifecycle. Physiological sampling was also carried out on 30 fish from each release group. The smolt-to-adult survival of coho salmon released during periods of high marine productivity was 1.5- to 3-fold greater than those released both before and after, and the fish's degree of smoltification affected their downstream migration time and duration of stay in the estuary. Therefore, hatchery managers should consider having smolts fully developed and ready for release during the peak of the near-shore plankton blooms. Monitoring chlorophyll a levels and water temperature early in the spring could provide a forecast of the timing of these blooms, giving hatcheries time to adjust their release schedule.

  19. Adhesion mechanism of salmon to polymer-coated can walls

    NARCIS (Netherlands)

    Dommershuijzen, H.; Hviid, L.; Hartog, den H.; Vereijken, J.

    2005-01-01

    Minimization of the amount of salmon adhering to the can wall after emptying is one of the convenience requirements of consumers of canned salmon. In order to achieve this, the mechanism by which salmon adheres to cans needs to be understood. The aim of this study was to provide such knowledge for

  20. 78 FR 65555 - Establishment of Class E Airspace; Salmon, ID

    Science.gov (United States)

    2013-11-01

    ...-0531; Airspace Docket No. 13-ANM-20] Establishment of Class E Airspace; Salmon, ID AGENCY: Federal... at the Salmon VHF Omni-Directional Radio Range/Distance Measuring Equipment (VOR/DME) navigation aid, Salmon, ID, to facilitate vectoring of Instrument Flight Rules (IFR) aircraft under control of Salt Lake...

  1. Patterns of change in climate and Pacific salmon production

    Science.gov (United States)

    Nathan J. Mantua

    2009-01-01

    For much of the 20th century a clear north-south inverse production pattern for Pacific salmon had a time dynamic that closely followed that of the Pacific Decadal Oscillation (PDO), which is the dominant pattern of North Pacific sea surface temperature variability. Total Alaska salmon production was high during warm regimes of the PDO, and total Alaska salmon...

  2. Future challanges for the maturing Norwegian salmon aquaculture industry

    DEFF Research Database (Denmark)

    Asche, Frank; Guttormsen, Atle G.; Nielsen, Rasmus

    2013-01-01

    In this paper, we analyze total factor productivity change in the Norwegian salmon aquaculture sector from 1996 to 2008. During this period, the production has on average been growing with 8% per year. At the same time, the price of salmon has stabilized indicating that an increase in demand...... factor to future production growth in the salmon aquaculture industry....

  3. 77 FR 10772 - Fresh and Chilled Atlantic Salmon From Norway

    Science.gov (United States)

    2012-02-23

    ... and Chilled Atlantic Salmon From Norway Determination On the basis of the record \\1\\ developed in the... countervailing duty order and antidumping duty order on fresh and chilled Atlantic salmon from Norway would not... and Chilled Atlantic Salmon from Norway: Investigation Nos. 701-TA-302 and 731-TA-454 (Third Review...

  4. The Mauritius stock exchange: Sectoral analysis, risk and return ...

    African Journals Online (AJOL)

    Companies listed on the Mauritius Stock Exchange are classified into seven sectors of the economy, namely Banking & Insurance, Industry, Investments, Sugar, Commerce, Leisure & Hotels and Transport. Significant improvements in market capitalisation and turnover are noted in all sectors except the Transport sector.

  5. The Influence of Fundamental and Macroeconomic Analysis on Stock Price

    Directory of Open Access Journals (Sweden)

    Hari Gursida

    2017-12-01

    Full Text Available The purpose of this research is to analyze the effect of fundamental and macroeconomic analysis on stock price. The research was conducted at a coal company listed on the Indonesia Stock Exchange. Fundamental analysis measured by current ratio, debt to equity ratio (DER, earning per share (EPS, return on assets (ROA, and total assets turnover (TATO, while macroeconomic analysis is measured by inflation and exchange rate.  Current ratio (CR has a positive effect on Stock Price. Strengthening this level of liquidity can provide information to investors to decide to buy shares of companies that tend to be healthy and stable. Return on assets (ROA has a positive and significant influence on stock price. Efforts to maximize the level of profitability by increasing the value of return on assets can provide information to investors that investments invested in the company will provide good profit. The impact of stock prices will rise. While debt to equity ratio (DER, earning per share (EPS and total assets turnover (TATO have no effect on Stock Price.  Macroeconomic analysis shows: (a Inflation rate has no effect on stock price of coal company. This can be because the inflation rate in Indonesia is at the level of 6% -7% per year and included in the category of mild inflation. Mild inflation resulted in very slow economic growth, not affecting stock prices. The exchange rate has a negative and significant effect on coal company stock price. If the Rupiah is depreciated then the stock price of the coal company will decrease.

  6. Genetic versus rearing-environment effects on phenotype: hatchery and natural rearing effects on hatchery- and wild-born coho salmon.

    Directory of Open Access Journals (Sweden)

    Cedar M Chittenden

    Full Text Available With the current trends in climate and fisheries, well-designed mitigative strategies for conserving fish stocks may become increasingly necessary. The poor post-release survival of hatchery-reared Pacific salmon indicates that salmon enhancement programs require assessment. The objective of this study was to determine the relative roles that genotype and rearing environment play in the phenotypic expression of young salmon, including their survival, growth, physiology, swimming endurance, predator avoidance and migratory behaviour. Wild- and hatchery-born coho salmon adults (Oncorhynchus kisutch returning to the Chehalis River in British Columbia, Canada, were crossed to create pure hatchery, pure wild, and hybrid offspring. A proportion of the progeny from each cross was reared in a traditional hatchery environment, whereas the remaining fry were reared naturally in a contained side channel. The resulting phenotypic differences between replicates, between rearing environments, and between cross types were compared. While there were few phenotypic differences noted between genetic groups reared in the same habitat, rearing environment played a significant role in smolt size, survival, swimming endurance, predator avoidance and migratory behaviour. The lack of any observed genetic differences between wild- and hatchery-born salmon may be due to the long-term mixing of these genotypes from hatchery introgression into wild populations, or conversely, due to strong selection in nature--capable of maintaining highly fit genotypes whether or not fish have experienced part of their life history under cultured conditions.

  7. Comparison of sperm motility subpopulation structure among wild anadromous and farmed male Atlantic salmon (Salmo salar) parr using a CASA system.

    Science.gov (United States)

    Caldeira, Carina; García-Molina, Almudena; Valverde, Anthony; Bompart, Daznia; Hassane, Megan; Martin, Patrick; Soler, Carles

    2018-04-13

    Atlantic salmon (Salmo salar) is an endangered freshwater species that needs help to recover its wild stocks. However, the priority in aquaculture is to obtain successful fertilisation and genetic variability to secure the revival of the species. The aims of the present work were to study sperm subpopulation structure and motility patterns in wild anadromous males and farmed male Atlantic salmon parr. Salmon sperm samples were collected from wild anadromous salmon (WS) and two generations of farmed parr males. Sperm samples were collected from sexually mature males and sperm motility was analysed at different times after activation (5 and 35s). Differences among the three groups were analysed using statistical techniques based on Cluster analysis the Bayesian method. Atlantic salmon were found to have three sperm subpopulations, and the spermatozoa in ejaculates of mature farmed parr males had a higher velocity and larger size than those of WS males. This could be an adaptation to high sperm competition because salmonid species are naturally adapted to this process. Motility analysis enables us to identify sperm subpopulations, and it may be useful to correlate these sperm subpopulations with fertilisation ability to test whether faster-swimming spermatozoa have a higher probability of success.

  8. The effects of swimming exercise and dissolved oxygen on growth performance, fin condition and precocious maturation of early-rearing Atlantic salmon Salmo salar

    Science.gov (United States)

    Atlantic salmon fry were stocked into twelve circular 0.5 m3 tanks in a flow-through system and exposed to either high (1.5-2 body-lengths per second, or BL/s) or low (less than 0.5 BL/s) swimming speeding and high (100% saturation) or low (70% saturation) dissolved oxygen (DO) while being raised fr...

  9. Research on Captive Broodstock Programs for Pacific Salmon; Assessment of Captive Broodstock Technologies, Annual Report 2002-2003.

    Energy Technology Data Exchange (ETDEWEB)

    Berejikian, Barry

    2004-01-01

    . Captive Lemhi River females produced smaller and fewer eggs than the Rapid River females; however, relative fecundity was higher than that of the Rapid River fish. Female coho salmon that ceased or slowed oocyte development in the spring had lower body growth from the previous August onward compared with females that continued oocyte growth. This indicates that growth during the late summer and fall, one year prior to spawning, can determine the decision to mature the following spring. Therefore it is important to maintain the growth of broodstock during the summer/fall period to ensure the continuation of ovary development in the subsequent spring. A combined whole cell vaccine of Renogen with killed R. salmoninarum strain MT239 may be effective in reducing the occurrence of BKD during the period immediately after seawater transfer, but not in yearling seawater-adapted chinook salmon. Control of BKD is likely to require an integrated disease management plan, utilizing three components, namely broodstock segregation, antibiotics, and vaccination. Vaccine results incorporated with antibiotic treatment will be used to work toward an integrated disease management plan to help to reduce the cycle of BKD transmission in the captive stocks to increase survival safely. Patterns of estimated survival in one chinook salmon stock (Grovers Creek) were generally consistent with inbreeding depression: progeny of fish that were full siblings (approximate increment in F of 0.25) survived to return at much lower rates than did progeny of fish that were half siblings (F {approx} 0.125) or unrelated individuals (F {approx} 0). Growth at sea of Grovers Creek Hatchery stock study fish was lower than that of UWH stock fish. Among the inbreeding groups alone, no clear differences in growth were detectable. However, preliminary results suggest the general pattern of growth was opposite that expected if inbreeding depression reduced growth: the highest growth was in progeny of related parents.

  10. 76 FR 81851 - Fisheries Off West Coast States; West Coast Salmon Fisheries; Amendment 16 to the Salmon Fishery...

    Science.gov (United States)

    2011-12-29

    .... 101206604-1758-02] RIN 0648-BA55 Fisheries Off West Coast States; West Coast Salmon Fisheries; Amendment 16 to the Salmon Fishery Management Plan AGENCY: National Marine Fisheries Service (NMFS), National...) to implement Amendment 16 to the Pacific Coast Salmon Fishery Management Plan for Commercial and...

  11. 76 FR 65673 - Fisheries Off West Coast States; West Coast Salmon Fisheries; Amendment 16 to the Salmon Fishery...

    Science.gov (United States)

    2011-10-24

    .... 101206604-1620-01] RIN 0648-BA55 Fisheries Off West Coast States; West Coast Salmon Fisheries; Amendment 16 to the Salmon Fishery Management Plan AGENCY: National Marine Fisheries Service (NMFS), National... implement Amendment 16 to the Pacific Coast Salmon Fishery Management Plan for Commercial and Recreational...

  12. 77 FR 75101 - Fisheries Off West Coast States; West Coast Salmon Fisheries; Amendment 17 to the Salmon Fishery...

    Science.gov (United States)

    2012-12-19

    .... 120813333-2647-01] RIN 0648-BC28 Fisheries Off West Coast States; West Coast Salmon Fisheries; Amendment 17 to the Salmon Fishery Management Plan AGENCY: National Marine Fisheries Service (NMFS), National.... SUMMARY: NMFS proposes regulations to implement Amendment 17 to the Pacific Coast Salmon Fishery...

  13. 78 FR 10557 - Fisheries Off West Coast States; West Coast Salmon Fisheries; Amendment 17 to the Salmon Fishery...

    Science.gov (United States)

    2013-02-14

    .... 120813333-3107-02] RIN 0648-BC28 Fisheries Off West Coast States; West Coast Salmon Fisheries; Amendment 17 to the Salmon Fishery Management Plan AGENCY: National Marine Fisheries Service (NMFS), National... implement Amendment 17 to the Pacific Coast Salmon Fishery Management Plan for Commercial and Recreational...

  14. Snake River Sockeye Salmon Captive Broodstock Program; Hatchery Element, 2004 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Baker, Dan J.; Heindel, Jeff A.; Redding, Jeremy (Idaho Department of Fish and Game, Boise, ID)

    2006-05-01

    On November 20, 1991, the National Marine Fisheries Service listed Snake River sockeye salmon Oncorhynchus nerka as endangered under the Endangered Species Act of 1973. In 1991, the Idaho Department of Fish and Game, the Shoshone-Bannock Tribes, and the National Marine Fisheries Service initiated efforts to conserve and rebuild populations in Idaho. Initial steps to recover sockeye salmon included the establishment of a captive broodstock program at the Idaho Department of Fish and Game Eagle Fish Hatchery. Sockeye salmon broodstock and culture responsibilities are shared with the National Oceanic and Atmospheric Administration at two locations adjacent to Puget Sound in Washington State. Activities conducted by the Shoshone-Bannock Tribes and the National Oceanic and Atmospheric Administration are reported under separate cover. Idaho Department of Fish and Game monitoring and evaluation activities of captive broodstock program fish releases (annual report to the Bonneville Power Administration for the research element of the program) are also reported separately. Captive broodstock program activities conducted between January 1, 2004 and December 31, 2004 for the hatchery element of the program are presented in this report. In 2004, twenty-seven anadromous sockeye salmon returned to the Sawtooth Valley. Traps on Redfish Lake Creek and the upper Salmon River at the Sawtooth Fish Hatchery intercepted one and four adults, respectively. Additionally, one adult sockeye salmon was collected at the East Fork Salmon River weir, 18 were seined from below the Sawtooth Fish Hatchery weir, one adult sockeye salmon was observed below the Sawtooth Fish Hatchery weir but not captured, and two adult sockeye salmon were observed in Little Redfish Lake but not captured. Fish were captured/collected between July 24 and September 14, 2004. The captured/collected adult sockeye salmon (12 females and 12 males) originated from a variety of release strategies and were transferred to

  15. Foreign Delisting and Domestic Stock Value

    DEFF Research Database (Denmark)

    Uderche-Rangau, Loredana; Carugati, Andrea

    2008-01-01

    of the delisting decision on the domestic stock price by observing the link between the pure value impact and the reasons for delisting. Our results show that, contrary to previous results, firms delisting from Tokyo can gain value depending on the reaction of the market operators to the content of the information...... provided in the delisting announcements. i.e. delisting can be presented either as the result of the not fulfilment of the benefits of cross-listing or as a part of a more general strategy of the company. Highlighting significant clusters, content analysis provides a valuable addition to traditional event...

  16. Upstream passage, spawning, and stock identification of fall chinook in the Snake River, 1992 and 1993. Final report

    International Nuclear Information System (INIS)

    Blankenship, H.L.; Mendel, G.W.

    1997-05-01

    This final report of the 3-year study summarizes activities and results for 1993. Study objectives were to: (1) determine the source of losses (or accounting errors) for adult chinook salmon between Ice Harbor Dam (IHR) and Lower Granite Dam (LGR), and upstream of LGR in the Snake River; (2) identify spawning locations upstream of LGR for calibration of aerial redd surveys, redd habitat mapping, carcass recovery for genetic stock profile analysis, and correction of estimated adult/redd ratios; and (3) estimate passage and migration times at Snake River. 200 fall chinook salmon were radio tagged and tracked with aerial, fixed-site, and ground mobile tracking. Fish were released upstream of IHR at Charbonneau Park (CHAR). 190 of the fish were tracked or relocated away from CHAR. 59 fish descended to below IHR without crossing Lower Monumental Dam (LMO). Another 128 salmon passed upstream of LMO without falling back at IHR. Only 80 salmon passed Little Goose Dam (LGO) without falling back at a downstream dam; 66 of these fish passed LGR. Many fish that fell back reascended the dams. A total of 72 salmon released at CHAR passed upstream of LGR, including fish that had fallen back and reascended a dam. Over 80 percent of the salmon that entered Lyons Ferry Hatchery each year had reached LGO before descending to the hatchery. Extensive wandering was documented between LMO and upstream of LGR before salmon entered Lyons Ferry Hatchery or the Tucannon River. In 1993, 41 salmon were found to be of hatchery origin when recovered. These fish entered Lyons Ferry Hatchery with similar movements to unmarked salmon. Each year a few salmon have remained near the hatchery without entering, which suggests the hatchery may have inadequate attraction flows. Fall chinook passed lower Snake River dams in 2-5 days each on average. Median travel times through LMO and LGO were 1.0-1.3 days each, which was slower than for spring chinook or steelhead in 1993. 5 refs., 21 figs., 20 tabs

  17. Stock Assessment Supplementary Information (SASINF)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the interest of efficiency, clarity and standardization of stock assessment materials, the stock assessment reports for the 2015 Groundfish update have been...

  18. Stock Issues in Aristotle's Rhetoric

    Science.gov (United States)

    Harpine, Bill

    1977-01-01

    Defines "stock issue" by the manner in which they function in Aristotle's theory, reviews examples of modern theories of stock issues, examines previous investigations of the "Rhetoric," and analyzes Aristotle's approach to this aspect of argumentation. (MH)

  19. Stock return, seasonality and asymmetric conditional volatility in steel & iron subsector

    Directory of Open Access Journals (Sweden)

    V. Chirila

    2015-01-01

    Full Text Available This paper presents the results obtained following the testing of five hypotheses regarding conditional return and volatility of the most listed European stocks in the steel & iron subsector. The following elements of the stocks are analysed: time variation of volatility, seasonality of return and volatility, relationship between return and volatility and volatility asymmetry. The results obtained confirm for all the analyzed stocks the existence of volatility variation in time, the lack of correlation between return and volatility, the existence of asymmetry phenomenon of volatility and the presence in some stocks of the seasonality effect both for return and volatility.

  20. Analysis of portfolio optimization with lot of stocks amount constraint: case study index LQ45

    Science.gov (United States)

    Chin, Liem; Chendra, Erwinna; Sukmana, Agus

    2018-01-01

    To form an optimum portfolio (in the sense of minimizing risk and / or maximizing return), the commonly used model is the mean-variance model of Markowitz. However, there is no amount of lots of stocks constraint. And, retail investors in Indonesia cannot do short selling. So, in this study we will develop an existing model by adding an amount of lot of stocks and short-selling constraints to get the minimum risk of portfolio with and without any target return. We will analyse the stocks listed in the LQ45 index based on the stock market capitalization. To perform this analysis, we will use Solver that available in Microsoft Excel.

  1. Variation in wind and piscivorous predator fields affecting the survival of Atlantic salmon, Salmo salar, in the Gulf of Maine

    Science.gov (United States)

    Friedland, K.D.; Manning, J.P.; Link, Jason S.; Gilbert, J.R.; Gilbert, A.T.; O'Connell, A.F.

    2012-01-01

    Observations relevant to the North American stock complex of Atlantic salmon, Salmo salar L., suggest that marine mortality is influenced by variation in predation pressure affecting post-smolts during the first months at sea. This hypothesis was tested for Gulf of Maine (GOM) stocks by examining wind pseudostress and the distribution of piscivorous predator fields potentially affecting post-smolts. Marine survival has declined over recent decades with a change in the direction of spring winds, which is likely extending the migration of post-smolts by favouring routes using the western GOM. In addition to changes in spring wind patterns, higher spring sea surface temperatures have been associated with shifting distributions of a range of fish species. The abundance of several pelagic piscivores, which based on their feeding habits may predate on salmon post-smolts, has increased in the areas that serve as migration corridors for post-smolts. In particular, populations of silver hake, Merluccius bilinearis (Mitchell), red hake, Urophycis chuss (Walbaum), and spiny dogfish, Squalus acanthias L., increased in size in the portion of the GOM used by post-smolts. Climate variation and shifting predator distributions in the GOM are consistent with the predator hypothesis of recruitment control suggested for the stock complex.

  2. Salmon: Robust Proxy Distribution for Censorship Circumvention

    Directory of Open Access Journals (Sweden)

    Douglas Frederick

    2016-10-01

    Full Text Available Many governments block their citizens’ access to much of the Internet. Simple workarounds are unreliable; censors quickly discover and patch them. Previously proposed robust approaches either have non-trivial obstacles to deployment, or rely on low-performance covert channels that cannot support typical Internet usage such as streaming video. We present Salmon, an incrementally deployable system designed to resist a censor with the resources of the “Great Firewall” of China. Salmon relies on a network of volunteers in uncensored countries to run proxy servers. Although any member of the public can become a user, Salmon protects the bulk of its servers from being discovered and blocked by the censor via an algorithm for quickly identifying malicious users. The algorithm entails identifying some users as especially trustworthy or suspicious, based on their actions. We impede Sybil attacks by requiring either an unobtrusive check of a social network account, or a referral from a trustworthy user.

  3. An injectable acoustic transmitter for juvenile salmon

    Science.gov (United States)

    Deng, Z. D.; Carlson, T. J.; Li, H.; Xiao, J.; Myjak, M. J.; Lu, J.; Martinez, J. J.; Woodley, C. M.; Weiland, M. A.; Eppard, M. B.

    2015-01-01

    Salmon recovery and the potential detrimental effects of dams on fish have been attracting national attention due to the environmental and economic implications. In recent years acoustic telemetry has been the primary method for studying salmon passage. However, the size of the existing transmitters limits the minimum size of fish that can be studied, introducing a bias to the study results. We developed the first acoustic fish transmitter that can be implanted by injection instead of surgery. The new injectable transmitter lasts four times longer and weighs 30% less than other transmitters. Because the new transmitter costs significantly less to use and may substantially reduce adverse effects of implantation and tag burden, it will allow for study of migration behavior and survival of species and sizes of fish that have never been studied before. The new technology will lead to critical information needed for salmon recovery and the development of fish-friendly hydroelectric systems.

  4. The quality of cold smoked salmon

    DEFF Research Database (Denmark)

    Løje, Hanne

    2007-01-01

    The objective of this Ph. D. thesis was to study the liquid holding capacity/liquid loss of raw and smoked salmonids as affected by raw material and chill storage of the cold smoked product. The liquid holding capacity is an important quality parameter for cold smoked salmon. This study has shown...... that the liquid holding capacity in raw and cold smoked salmon is influenced by several factors. The size of the fish affected the liquid holding capacity as large fish had lower liquid holding capacity than smaller fish. The salt content influenced the liquid holding capacity in smoked fish as it was found...... capacity in raw salmon, as high lipid content gave lower liquid holding capacity. Thus, the lipid content is an important parameter regarding the liquid holding capacity as it can influence the liquid holding capacity directly or indirectly by affecting other factors e.g. the salt content which influences...

  5. Rainy Day Stocks

    DEFF Research Database (Denmark)

    Gormsen, Niels Joachim; Greenwood, Robin

    We study the good- and bad-times performance of equity portfolios formed on characteristics. Many characteristics associated with good performance during bad times—value, profitability, small size, safety, and total volatility—also perform well during good times. Stocks with characteristics signi...

  6. Optimizing Plutonium stock management

    International Nuclear Information System (INIS)

    Niquil, Y.; Guillot, J.

    1997-01-01

    Plutonium from spent fuel reprocessing is reused in new MOX assemblies. Since plutonium isotopic composition deteriorates with time, it is necessary to optimize plutonium stock management over a long period, to guarantee safe procurement, and contribute to a nuclear fuel cycle policy at the lowest cost. This optimization is provided by the prototype software POMAR

  7. Stock Market Savvy.

    Science.gov (United States)

    Okula, Susan

    2003-01-01

    This issue of Keying In, the newsletter of the National Business Education Association, focuses upon teaching young adults how to develop both investment strategies and an understanding of the stock market. The first article, "Sound Investing Know-How: A Must for Today's Young Adults," describes how young adults can plan for their own…

  8. Stock Selection, Style Rotation

    NARCIS (Netherlands)

    Lucas, A.; van Dijk, R.; Prof. Kloek, T.

    2002-01-01

    Using US data from June 1984 to July 1999, we show that the impact of firm-specific characteristics like size and book-to-price on future excess stock returns varies considerably over time. The impact can be either positive or negative at different times. This time variation is partially

  9. Snake River sockeye salmon captive broodstock program hatchery element, Annual Progress Report: January 1, 1998 - December 31, 1998

    International Nuclear Information System (INIS)

    Kline A, Paul; Heindel A, Jeff

    1999-01-01

    On November 20, 1991, the National Marine Fisheries Service listed Snake River sockeye salmon as endangered under the Endangered Species Act of 1973. In 1991, the Idaho Department of Fish and Game, the Shoshone-Bannock Tribes, and NMFS initiated efforts to conserve and rebuild populations in Idaho. Captive broodstock program activities conducted between January 1, 1998 and December 31, 1998, are presented in this report

  10. Cessation of a salmon decline with control of parasites

    KAUST Repository

    Peacock, Stephanie J.

    2013-04-01

    The resilience of coastal social-ecological systems may depend on adaptive responses to aquaculture disease outbreaks that can threaten wild and farm fish. A nine-year study of parasitic sea lice (Lepeophtheirus salmonis) and pink salmon (Oncorhynchus gorbuscha) from Pacific Canada indicates that adaptive changes in parasite management on salmon farms have yielded positive conservation outcomes. After four years of sea lice epizootics and wild salmon population decline, parasiticide application on salmon farms was adapted to the timing of wild salmon migrations. Winter treatment of farm fish with parasiticides, prior to the out-migration of wild juvenile salmon, has reduced epizootics of wild salmon without significantly increasing the annual number of treatments. Levels of parasites on wild juvenile salmon significantly influence the growth rate of affected salmon populations, suggesting that these changes in management have had positive outcomes for wild salmon populations. These adaptive changes have not occurred through formal adaptive management, but rather, through multi-stakeholder processes arising from a contentious scientific and public debate. Despite the apparent success of parasite control on salmon farms in the study region, there remain concerns about the long-term sustainability of this approach because of the unknown ecological effects of parasticides and the potential for parasite resistance to chemical treatments. © 2013 by the Ecological Society of America.

  11. Pipelines and salmon in northern British Columbia : potential impacts

    International Nuclear Information System (INIS)

    Levy, D.A.

    2009-10-01

    Four pipeline projects have been proposed for northern British Columbia that could threaten the health of the Fraser, Skeena, and Kitimat watersheds. The pipelines will expose salmon to risks on several fronts. Enbridge's Northern Gateway pipeline project has generated the most concern for a several reasons, including the risks to salmon and freshwater habitat from pipeline failures, notably leaks or ruptures. This paper reviewed the salmon resources in affected watersheds; salmon and BC's economy; salmon diversity and abundance; impacts on fish from pipeline construction, operations and failures; behaviours of different petroleum products in fresh water; hydrocarbon toxicity; history of pipeline failures; sabotage and natural disasters; and Canadian case studies. Salmon are already experiencing stresses from forestry, hydro-electricity, transportation, agriculture, mining, mountain pine beetle, climate change and coalbed methane development. Their cumulative impact will dictate the long-term health and viability of salmon. It was concluded that if all of the proposed pipelines were built, they would extend over 4,000 km, crossing more than 1,000 rivers and streams in some of Canada's most productive salmon habitat. During construction, pipeline stream crossings are vulnerable to increased sedimentation, which can degrade salmon habitat. In the event of a spill, the condensate and oil sands products carried in the pipelines are highly toxic to salmon, with serious and lasting adverse impacts on salmon and their habitat. Any decision to approve such a pipeline should be made in recognition of these risks. 73 refs., 5 tabs., 15 figs., 2 appendices.

  12. Stock prices and business investment

    OpenAIRE

    Yaron Leitner

    2007-01-01

    Is there a link between the stock market and business investment? Empirical evidence indicates that there is. A firm tends to invest more when its stock price increases, and it tends to invest less when the price falls. In “Stock Prices and Business Investment,” Yaron Leitner discusses existing research that explains this relationship. One question under consideration is whether the stock market actually improves investment decisions.

  13. Coalbed methane and salmon : assessing the risks

    International Nuclear Information System (INIS)

    Wendling, G.; Vadgama, J.; Holmes, R.

    2008-05-01

    The harmful environmental impacts from coalbed methane (CBM) development on land, water and wildlife have all been well documented based on experience in the United States and elsewhere. However, proposals to develop CBM resources in the headwaters region of northwest British Columbia raise a new issue regarding the impacts of CBM extraction on salmon. In order to begin addressing this knowledge gap and provide essential information for communities, this report presented an assessment of the risks of CBM development on salmon, with a specific focus on a tenure held by Shell Canada Limited in the Klappan region of Northwest British Columbia. The report provided a general overview of the CBM extraction process and of the environmental impacts typically associated with commercial-scale production. The Klappan Tenure location and geology were described along with the significance of its CBM reserves. The report also addressed the question of salmon presence within the tenure, drawing on existing field research to identify streams where coho, chinook and sockeye salmon have been observed. The report also contained assessments of potential risks associated with the two primary impact pathways, notably runoff and erosion effects arising from land disturbance, and stream flow and temperature effects arising from groundwater extraction. The report provided a brief overview of additional CBM-related impacts which could have indirect effects on salmon. Last, the report considered factors external to the Klappan project which could influence the nature and severity of impacts on salmon, including climate change; inadequate regulations; and cumulative impacts. It was concluded that CBM development should not occur without social license. Communities need to be empowered to decide whether or not they support CBM extraction in their area before development proceeds. 73 refs., 3 tabs., 26 figs

  14. Mid-Columbia Coho Salmon Reintroduction Feasibility Project : Environmental Assessment.

    Energy Technology Data Exchange (ETDEWEB)

    United States. Bonneville Power Administration; Washington (State) Department of Fish and Wildlife; Confederated Tribes and Bands of the Yakama Nation

    1999-01-01

    Before the Bonneville Power Administration (BPA) decides whether to fund a program to reintroduce coho salmon to mid-Columbia River basin tributaries, research is needed to determine the ecological risks and biological feasibility of such an effort. Since the early 1900s, the native stock of coho has been decimated in the tributaries of the middle reach of the Columbia River. The four Columbia River Treaty Tribes identified coho reintroduction in the mid-Columbia as a priority in the Tribal Restoration Plan. It is a comprehensive plan put forward by the Tribes to restore the Columbia River fisheries. In 1996, the Northwest Power Planning Council (NPPC) recommended the tribal mid-Columbia reintroduction project for funding by BPA. It was identified as one of fifteen high-priority supplementation projects for the Columbia River basin, and was incorporated into the NPPC`s Fish and Wildlife Program. The release of coho from lower Columbia hatcheries into mid-Columbia tributaries is also recognized in the Columbia River Fish Management Plan.

  15. Perbandingan Stock Market Crash 1987 : Dan Stock Market Crash 1997

    OpenAIRE

    Indridewi Atmadjaja, Yovita Vivianty

    1999-01-01

    Stock market crash refers to the condition, which is marked with the large dropping of stock Market price index. Historically, stock market crash has happened three times, namely in 1929, 1987 and 1997. This paper will discuss the causes of 1987's and 1997's stock market Crash and the similarities and the differences between 1987's and 1997's stock market crash. The structure of the paper is as follows. The paper starts with the introduction. The second Section briefly explains the causes of ...

  16. Comparable stocks, boundedly rational stock markets and IPO entry rates.

    Directory of Open Access Journals (Sweden)

    Jay Chok

    Full Text Available In this study, we examine how initial public offerings (IPO entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading volume and changes in stock returns partially mediates the relationship between the number of comparable stocks and IPO entry rates. The statistical evidence provides strong support for the hypotheses.

  17. Operating revenue changes in a demutualized stock exchange

    Directory of Open Access Journals (Sweden)

    Mohamed Hesham Abdel-Hafez

    2015-03-01

    Full Text Available Stock exchanges were traditionally run as cooperative venues. The globalization, the development of technology, and the increase of competition among stock exchanges forced these venues to change their structure and adopt a new one-demutualization- that can be a lifeline in facing these environmental changes in regards to stock exchanges. This new trend enables the exchange to expand their activities and supply the market with new products and services, therefore enhancing the value of the exchange itself. The main sources of revenue for traditional exchanges have been listing fees, transaction fees, membership fees and the sale of information services such as market data, quotations, and trade data. Due to the environmental changes the stock exchanges' services are now executed electronically, and in turn, this has led to an increase in the competition among exchanges. Furthermore, this increased competition has led to the re-adjustment of the regulation structure which gradually erodes the sources of revenues provided by the conventional stock exchanges. The paper divided the research plan into two sections: the first section is to highlight the concept of demutualization process; the phases of demutualization, the factors that push the stock exchanges to demutualize and the benefits of demutualization. The second section was based on statistical comparative analysis of the stock exchanges' revenues prior and after demutualization. The researcher used the regression analysis tool on seven demutualized stock exchanges during the period from 1997-2012. The paper aims to prove that demutualization has a positive effect on the revenues of the stock exchange, thus it enhances the value of the exchange.

  18. Migratory Patterns of Wild Chinook Salmon Oncorhynchus tshawytscha Returning to a Large, Free-Flowing River Basin.

    Directory of Open Access Journals (Sweden)

    John H Eiler

    Full Text Available Upriver movements were determined for Chinook salmon Oncorhynchus tshawytscha returning to the Yukon River, a large, virtually pristine river basin. These returns have declined dramatically since the late 1990s, and information is needed to better manage the run and facilitate conservation efforts. A total of 2,860 fish were radio tagged during 2002-2004. Most (97.5% of the fish tracked upriver to spawning areas displayed continual upriver movements and strong fidelity to the terminal tributaries entered. Movement rates were substantially slower for fish spawning in lower river tributaries (28-40 km d-1 compared to upper basin stocks (52-62 km d-1. Three distinct migratory patterns were observed, including a gradual decline, pronounced decline, and substantial increase in movement rate as the fish moved upriver. Stocks destined for the same region exhibited similar migratory patterns. Individual fish within a stock showed substantial variation, but tended to reflect the regional pattern. Differences between consistently faster and slower fish explained 74% of the within-stock variation, whereas relative shifts in sequential movement rates between "hares" (faster fish becoming slower and "tortoises" (slow but steady fish explained 22% of the variation. Pulses of fish moving upriver were not cohesive. Fish tagged over a 4-day period took 16 days to pass a site 872 km upriver. Movement rates were substantially faster and the percentage of atypical movements considerably less than reported in more southerly drainages, but may reflect the pristine conditions within the Yukon River, wild origins of the fish, and discrete run timing of the returns. Movement data can provide numerous insights into the status and management of salmon returns, particularly in large river drainages with widely scattered fisheries where management actions in the lower river potentially impact harvests and escapement farther upstream. However, the substantial variation

  19. Salmon and steelhead genetics and genomics - Epigenetic and genomic variation in salmon and steelhead

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Conduct analyses of epigenetic and genomic variation in Chinook salmon and steelhead to determine influence on phenotypic expression of life history traits. Genetic,...

  20. Chum and pink salmon genetics - Genetic and life history variation of southern chum and pink salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The distribution of genetic and life history variation in chum (Oncorhynchus keta) and pink (O. gorbuscha) salmon in their southern range in North America is key to...

  1. Global Concept of Financial Institutional Transformation of Stock Exchange

    Directory of Open Access Journals (Sweden)

    Burmaka Mykola

    2017-12-01

    Full Text Available The article is about the research of processes of global transformation of stock exchanges through the mechanisms of internationalization, corporate and network consolidation, and technology. Objective processes of internationalization in stock markets affected by financial globalization and arising global information resources create new challenges for stock exchanges that can be overcome by adequate development strategies. The growing competition between stock exchanges and new capital institutes requires stock exchanges to use modern exchange technologies, primarily innovative, in order to maintain liquidity and increase investment attractiveness. Have been analysed the newest tendencies and determinants of modern global financial institutional architecture construction, the leading role in which are starting to play new stock exchanges and stalk exchange platforms, formed in growing financial centres of the world. Have been identified he main components of international stock market restructurization in the process of financial globalization, one of the attributes of which turned out to be a certain fragmentation of markets and their universalization. Through the example of US and EU financial market modernization processes of the last decade have been analysed financial and legal mechanisms of the national and regional levels, which are designed to ensure sustainable development of the global economy at the postcrisis stage. Have been diagnosed international activity of stock exchanges through the quantity indexed of foreign companies in listing, volume of trade with foreign financial instruments, and participation of foreign investors in exchange trade. Have been offered and calculated indices of internationalization of the world’s leading stock market. Have been analysed consolidation processes of the leading stock exchanges and new electronic trading systems at the regional, meso-global and global levels, which resulted in formation of

  2. Captive Rearing Initiative for Salmon River Chinook Salmon, 1998-1999 Progress Report.

    Energy Technology Data Exchange (ETDEWEB)

    Hassemer, Peter F.

    2001-04-01

    During 1999, the Idaho Department of Fish and Game (IDFG) continued developing techniques for the captive rearing of chinook salmon Oncorhynchus tshawytscha. Techniques under development included protocols for rearing juveniles in freshwater and saltwater hatchery environments, and fieldwork to collect brood year 1998 and 1999 juveniles and eggs and to investigate the ability of these fish to spawn naturally. Fish collected as juveniles were held for a short time at the Sawtooth Fish Hatchery and later transferred to the Eagle Fish Hatchery for rearing. Eyed-eggs were transferred immediately to the Eagle Fish Hatchery where they were disinfected and reared by family groups. When fish from either collection method reached approximately 60 mm, they were PIT tagged and reared separately by brood year and source stream. Sixteen different groups were in culture at IDFG facilities in 1999. Hatchery spawning activities of captive-reared chinook salmon produced eyed-eggs for outplanting in streamside incubation chambers in the West Fork Yankee Fork Salmon River (N=2,297) and the East Fork Salmon River (N=1,038). Additionally, a number of these eggs were maintained at the Eagle Fish Hatchery to ensure adequate brood year 1999 representation from these systems, and produced 279 and 87 juveniles from the West Fork Yankee Fork and East Fork Salmon River, respectively. Eyed-eggs were not collected from the West Fork Yankee Fork due to low adult escapement. Brood year 1998 juveniles were collected from the Lemhi River (N=191), West Fork Yankee Fork Salmon River (N=229), and East Fork Salmon River (N=185). Additionally, brood year 1999 eyed-eggs were collected from the Lemhi River (N=264) and East Fork Salmon River (N=143). Sixty-two and seven maturing adults were released into Bear Valley Creek (Lemhi River system) and the East Fork Salmon River, respectively, for spawning evaluation in 1999. Nine female carcasses from Bear Valley Creek were examined for egg retention, and of

  3. Captive Rearing Initiative for Salmon River Chinook Salmon, 1999 Progress Report.

    Energy Technology Data Exchange (ETDEWEB)

    Hassemer, Peter F.

    2001-04-01

    During 1999, the Idaho Department of Fish and Game (IDFG) continued developing techniques for the captive rearing of chinook salmon Oncorhynchus tshawytscha. Techniques under development included protocols for rearing juveniles in freshwater and saltwater hatchery environments, and fieldwork to collect brood year 1998 and 1999 juveniles and eggs and to investigate the ability of these fish to spawn naturally. Fish collected as juveniles were held for a short time at the Sawtooth Fish Hatchery and later transferred to the Eagle Fish Hatchery for rearing. Eyed-eggs were transferred immediately to the Eagle Fish Hatchery where they were disinfected and reared by family groups. When fish from either collection method reached approximately 60 mm, they were PIT tagged and reared separately by brood year and source stream. Sixteen different groups were in culture at IDFG facilities in 1999. Hatchery spawning activities of captive-reared chinook salmon produced eyed-eggs for outplanting in streamside incubation chambers in the West Fork Yankee Fork Salmon River (N=2,297) and the East Fork Salmon River (N=1,038). Additionally, a number of these eggs were maintained at the Eagle Fish Hatchery to ensure adequate brood year 1999 representation from these systems, and produced 279 and 87 juveniles from the West Fork Yankee Fork and East Fork Salmon River, respectively. Eyed-eggs were not collected from the West Fork Yankee Fork due to low adult escapement. Brood year 1998 juveniles were collected from the Lemhi River (N=191), West Fork Yankee Fork Salmon River (N=229), and East Fork Salmon River (N=185). Additionally, brood year 1999 eyed-eggs were collected from the Lemhi River (N=264) and East Fork Salmon River (N=143). Sixty-two and seven maturing adults were released into Bear Valley Creek (Lemhi River system) and the East Fork Salmon River, respectively, for spawning evaluation in 1999. Nine female carcasses from Bear Valley Creek were examined for egg retention, and of

  4. New Evidence on Price and Volatility Effects of Stock Option Introductions

    NARCIS (Netherlands)

    Kabir, M.R.

    1997-01-01

    This paper adds to the literature dealing with the effect of derivatives trading on underlying securities by examining option listings from the Netherlands. The effects on both stock returns and volatility are investigated using three types of samples, namely, listing of call options alone,

  5. Taxpayer’s Perception to Tax Payment in Kind System in Support of SMEs’ Sustainability: Case of the South Korean Government’s Valuation of Unlisted Stocks

    OpenAIRE

    KapSoon Kim; SungMan Yoon

    2017-01-01

    In Korea, unlisted stock shares are accepted as payment for inheritance tax. In the case of insufficient cash, a taxpayer can pay the government with listed or unlisted stocks (hereinafter referred to as “tax payment in kind”). The drawback of this tax payment system is that receiving tax paid with stocks is subject to the valuation of the government and selling the stocks to an open market requires another valuation. The results of these two valuations show considerable differences, and, the...

  6. Stock Price Reaction to Announcements of Right Issues and Debenture Issues: Evidence from Colombo Stock Exchange

    Directory of Open Access Journals (Sweden)

    Udani Chathurika Edirisinghe

    2015-02-01

    Full Text Available This study investigates the stock market reaction for right issues and debenture issues of Colombo Stock Exchange (CSE during the period of 2005 to 2011 while providing evidence for the research question “how do stock prices react to the debt and equity issue announcements of listed companies in CSE?” In investigating the ex-ante and ex-post market reactions the study employees event study methodology, while predicting abnormal returns, based on three alternative normal/expected returns modeling methods, namely Mean Adjusted Model, Market Adjusted Model, and Capital Asset Pricing Model. When testing the alternative hypothesis, whether stock prices significantly reacts to the announcement of right & debenture issues, results of all models show positive market reaction during the 30 days prior to the announcement and react negatively from 2 days after the announcements for right issues, but for debenture issues market reacted negatively during the period prior to debenture issues and continue to do the same during the post event period. Although the magnitude and significance of abnormal return generated through three alternatives methods differ, the pattern of the CAAR of all models are similar. Thus, as far as the speed of the price adjustment is concerned it seems that the CSE is not efficient.

  7. Investor’s Sentiments and Stock Market Volatility: an empirical evidence from emerging stock market

    Directory of Open Access Journals (Sweden)

    Mobeen Ur Rehman

    2013-05-01

    Full Text Available The concept of efficient market hypothesis has prevailed the financial markets for a long time which says that the prices of the securities reflect all available information. This approach was mainly followed by the rational investors but with the passage of time, the concept of behavioral finance emerged due to some of the major global financial crashes. This concept states that there are investors trading in the market making decisions on the basis of sentiments not on any fundamental information. Such class of traders is called the noise traders and they are mainly responsible for any disruption in the returns of the securities. In this paper we will try to find whether these sentiments of the investors affect the returns of the securities listed on the Karachi stock exchange. We will use the investor sentiment index that uses the six proxies the data on which has been collected mainly from the Karachi stock exchange. Volatility of the stock market returns will be calculated and regressed with the sentimental equation discussed above as the independent variable. This study will help us to find out the extent to which these sentiments influence the stock market returns in weak form efficient market and also it will help us to identify the presence of such irrational noise traders in our financial market.

  8. Collaborative Approaches to Flow Restoration in Intermittent Salmon-Bearing Streams: Salmon Creek, CA, USA

    Directory of Open Access Journals (Sweden)

    Cleo Woelfle-Erskine

    2017-03-01

    Full Text Available In Mediterranean-climate regions of California and southern Oregon, juvenile salmon depend on groundwater aquifers to sustain their tributary habitats through the dry summers. Along California’s North Coast streams, private property regimes on land have created commons tragedies in groundwater and salmon fisheries, both classic examples of commons that are often governed collectively and sustainably by their users. Understanding the linkages between salmon and groundwater is one major focus of salmon recovery and climate change adaptation planning in central California and increasingly throughout the Pacific Northwest. In this paper, I use extended field interviews and participant-observation in field ecology campaigns and regulatory forums to explore how, in one water-scarce, salmon-bearing watershed on California’s central coast, collaborators are synthesizing agency and landowner data on groundwater and salmon management. I focus on three projects undertaken by citizen scientists in collaboration with me and Gold Ridge Resource Conservation District staff: salmonid censuses, mapping of wet and dry stream reaches and well monitoring. I find that collaborative research initiated by local residents and agency personnel has, in some cases, created a new sense of ecological possibility in the region. I also consider some limitations of this collaborations, namely the lack of engagement with indigenous Pomo and Miwok tribal members, with the Confederated Tribes of Graton Rancheria and with farmworkers and other marginalized residents, and suggest strategies for deepening environmental justice commitments in future collaborative work.

  9. DisLexList

    DEFF Research Database (Denmark)

    2013-01-01

    DisLexList is a simple analysis script for the generation of lists of lexemes in discourses, and may be used as a tool in discourse analysis (critical and otherwise). DisLexList is, in its current state, able to generate simple word lists and lexeme list based on output from VISL's flat structure...

  10. Effects of Handling and Crowding on the Stress Response and Viability of Chinook Salmon Parr and Smolts, 1984 Completion Report.

    Energy Technology Data Exchange (ETDEWEB)

    Congleton, James L.

    1985-02-01

    Transportation of migrating chinook salmon smolts from Snake River dams to the Columbia River estuary has not reversed a downward trend in Idaho stocks of this species that first became apparent in the late 1960s. Poor survival of transported smolts may be a consequence of physiological responses to stressful events during collection and transportation. This study was undertaken to evaluate the intensity of stress responses in transported smolts, to determine if stress responses decrease the viability of transported smolts, and to investigate ways of avoiding or mitigating stressful events during transportation. 34 refs., 58 figs., 13 tabs.

  11. Research and Recovery of Snake River Sockeye Salmon, 1994-1995 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Johnson, Keith A.

    1996-09-01

    In 1991, the National Marine Fisheries Service (NMFS) listed Snake River sockeye salmon Oncorhynchus nerka as endangered under the Endangered Species Act of 1973. Initial steps to recover the species include the establishment of captive broodstocks at the Idaho Department of Fish and Game (IDFG) Eagle Fish Hatchery in Eagle, Idaho. Research and recovery activities for sockeye salmon conducted by IDFG during the period of April 1994 to April 1995 are covered by this report. One female anadromous adult returned to the Redfish Lake Creek trap this year. She was spawned at Eagle Fish Hatchery on October 21, 1994. Her fecundity was 2,896. The mean fertilization rate and percent swim-up were 96% and 95%, respectively. Four hundred eighty eyed eggs were shipped to the NMFS Big Beef Creek Fish Hatchery in Washington state, leaving 2,028 fish on site at Eagle. Additionally, captive broodstock and wild residual sockeye salmon (captured at Redfish Lake) were spawned. Spawning data from 234 females spawned during this period are included in this report. Other spawning data (i.e., genetic cross and incubation temperature) are included in the Captive Broodstock Research section of this report.

  12. Research and recovery of Snake River sockeye salmon. Annual report 1994

    International Nuclear Information System (INIS)

    Kline, P.; Younk, J.

    1995-08-01

    On November 20, 1991, the National Marine Fisheries Service listed Snake River sockeye salmon oncorhynchus nerka as endangered under the Endangered Species Act of 1973. In 1991, the Shoshone-Bannock Tribe and the Idaho Department of Fish and Game initiated the Snake River Sockeye Salmon Sawtooth Valley Project to conserve and rebuild populations in Idaho. In 1994, the authors estimated the total September Redfish Lake O. nerka population at 51,529 fish (95% CI, ± 33,179). The Alturas Lake O. nerka population was estimated at 5,785 fish (± 6,919). The total density and biomass of Alturas Lake was estimated at 27 fish/hectare (± 33) and 0.7 kg/hectare, respectively. The total O. nerka population estimate for Pettit Lake was 14,743 fish (± 3,683). Stanley Lake O. nerka total population size, density, and biomass was estimated at 2,695 fish (± 963), 37 fish/hectare (± 13), and 0.5 kg/hectare, respectively. Estimated numbers of O. nerka outmigrant smolts passing Redfish Lake Creek and Salmon River trapping sites increased in 1994. The authors estimated 1,820 (90% CI 1,229--2,671) and 945 (90% CI 331--13,000) smolts left Redfish and Alturas lakes, respectively. The total PIT tag detection rate at mainstem dams for Redfish Lake outmigrants was 21% in 1994. No Alturas Lake outmigrants were detected at any of the downstream facilities with detection capabilities (zero of 50 fish)

  13. Research on Captive Broodstock Programs for Pacific Salmon, 2001-2002 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Berejikian, Barry A.; Tezak, E.P. (National Marine Fisheries Service); Endicott, Rick (Long Live the Kings, Seattle, WA)

    2002-08-01

    In the 2000 Federal Columbia River Power System (FCRPS) Biological Opinion, NMFS identified six populations of steelhead and several salmon populations that had dropped to critically low levels and continue to decline. Following thorough risk-benefit analyses, captive propagation programs for some or all of the steelhead (Oncorhynchus mykiss) populations may be required to reduce the risk of extinction, and more programs may be required in the future. Thus, captive propagation programs designed to maintain or rebuild steelhead populations require intensive and rigorous scientific evaluation, much like the other objectives of BPA Project 1993-056-00 currently underway for chinook (O. tshawytscha) and sockeye salmon (O. nerka). Pacific salmon reared to the adult stage in captivity exhibit poor reproductive performance when released to spawn naturally. Poor fin quality and swimming performance, incomplete development of secondary sex characteristics, changes in maturation timing, and other factors may contribute to reduced spawning success. Improving natural reproductive performance is critical for the success of captive broodstock programs in which adult-release is a primary reintroduction strategy for maintaining ESA-listed populations.

  14. Effects of Total Dissolved Gas on Chum Salmon Fry Incubating in the Lower Columbia River

    Energy Technology Data Exchange (ETDEWEB)

    Arntzen, Evan V.; Hand, Kristine D.; Geist, David R.; Murray, Katherine J.; Panther, Jenny; Cullinan, Valerie I.; Dawley, Earl M.; Elston, Ralph A.

    2008-01-30

    This report describes research conducted by Pacific Northwest National Laboratory in FY 2007 for the U.S. Army Corps of Engineers, Portland District, to characterize the effects of total dissolved gas (TDG) on the incubating fry of chum salmon (Onchorhynchus keta) in the lower Columbia River. The tasks conducted and results obtained in pursuit of three objectives are summarized: * to conduct a field monitoring program at the Ives Island and Multnomah Falls study sites, collecting empirical data on TDG to obtain a more thorough understanding of TDG levels during different river stage scenarios (i.e., high-water year versus low-water year) * to conduct laboratory toxicity tests on hatchery chum salmon fry at gas levels likely to occur downstream from Bonneville Dam * to sample chum salmon sac fry during Bonneville Dam spill operations to determine if there is a physiological response to TDG levels. Chapter 1 discusses the field monitoring, Chapter 2 reports the findings of the laboratory toxicity tests, and Chapter 3 describes the field-sampling task. Each chapter contains an objective-specific introduction, description of the study site and methods, results of research, and discussion of findings. Literature cited throughout this report is listed in Chapter 4. Additional details on the study methdology and results are provided in Appendixes A through D.

  15. Outlook '98 - Stock markets

    International Nuclear Information System (INIS)

    Vankka, D.

    1998-01-01

    In view of the recent drop of some 20 per cent in energy stock prices, and the decline in the value of the Canadian dollar, forecasting oilpatch financing in 1998 is a risky undertaking. Based on a variety of relevant factors, it is expected that there will be a slowdown in oil and gas financing deals in the short term. On the other hand, longer term outlook is bullish, based on the huge capital requirements over the next few years for conventional projects, heavy oil, oilsands and pipelines projects. Corporate mergers and acquisitions will continue at about the same rate as in 1997, as companies attempt to achieve ''economies of scale'' and growth in the most economically sensible manner. Adding production and reserves through corporate transactions at the current lower stock prices will be a powerful incentive. Creative deal structuring will become more prevalent. Corporate reorganizations into separate companies in search of value maximization will increase

  16. 76 FR 54216 - Pacific Fishery Management Council (Council); Work Session To Review Proposed Salmon Methodology...

    Science.gov (United States)

    2011-08-31

    ... Fishery Management Council (Council); Work Session To Review Proposed Salmon Methodology Changes AGENCY.... ACTION: Notice of a public meeting. SUMMARY: The Pacific Fishery Management Council's Salmon Technical Team (STT), Scientific and Statistical Committee (SSC) Salmon Subcommittee, and Model Evaluation...

  17. 77 FR 58526 - Pacific Fishery Management Council; Public Meeting; Work Session To Review Proposed Salmon...

    Science.gov (United States)

    2012-09-21

    ... Fishery Management Council; Public Meeting; Work Session To Review Proposed Salmon Methodology Changes...), Commerce. ACTION: Notice of a public meeting. SUMMARY: The Pacific Fishery Management Council's Salmon Technical Team (STT), Scientific and Statistical Committee (SSC) Salmon Subcommittee, and Model Evaluation...

  18. SCIENCE, POLITICS, AND PACIFIC NORTHWEST SALMON RECOVERY

    Science.gov (United States)

    Throughout the Pacific Northwest, since 1850, all wild salmon runs have declined and some have disappeared. Billions of dollars have been spent in a so-far failed attempt to reverse the long-term decline. Each year, hundreds of millions of dollars continue to be spent in variou...

  19. Salmon recovery planning using the VELMA model

    Science.gov (United States)

    We developed a set of tools to provide decision support for community-based salmon recovery planning in Pacific Northwest watersheds. This seminar describes how these tools are being integrated and applied in collaboration with Puget Sound tribes and community stakeholders to add...

  20. Differential use of salmon by vertebrate consumers: implications for conservation

    Directory of Open Access Journals (Sweden)

    Taal Levi

    2015-08-01

    Full Text Available Salmon and other anadromous fish are consumed by vertebrates with distinct life history strategies to capitalize on this ephemeral pulse of resource availability. Depending on the timing of salmon arrival, this resource may be in surplus to the needs of vertebrate consumers if, for instance, their populations are limited by food availability during other times of year. However, the life history of some consumers enables more efficient exploitation of these ephemeral resources. Bears can deposit fat and then hibernate to avoid winter food scarcity, and highly mobile consumers such as eagles, gulls, and other birds can migrate to access asynchronous pulses of salmon availability. We used camera traps on pink, chum, and sockeye salmon spawning grounds with various run times and stream morphologies, and on individual salmon carcasses, to discern potentially different use patterns among consumers. Wildlife use of salmon was highly heterogeneous. Ravens were the only avian consumer that fed heavily on pink salmon in small streams. Eagles and gulls did not feed on early pink salmon runs in streams, and only moderately at early sockeye runs, but were the dominant consumers at late chum salmon runs, particularly on expansive river flats. Brown bears used all salmon resources far more than other terrestrial vertebrates. Notably, black bears were not observed on salmon spawning grounds despite being the most frequently observed vertebrate on roads and trails. From a conservation and management perspective, all salmon species and stream morphologies are used extensively by bears, but salmon spawning late in the year are disproportionately important to eagles and other highly mobile species that are seasonally limited by winter food availability.

  1. IFRS and Stock Returns: An Empirical Analysis in Brazil

    Directory of Open Access Journals (Sweden)

    Rodrigo F. Malaquias

    2016-09-01

    Full Text Available In recent years, the convergence of accounting standards has been an issue that motivated new studies in the accounting field. It is expected that the convergence provides users, especially external users of accounting information, with comparable reports among different economies. Considering this scenario, this article was developed in order to compare the effect of accounting numbers on the stock market before and after the accounting convergence in Brazil. The sample of the study involved Brazilian listed companies at BM&FBOVESPA that had American Depository Receipts (levels II and III at the New York Stock Exchange (NYSE. For data analysis, descriptive statistics and graphic analysis were employed in order to analyze the behavior of stock returns around the publication dates. The main results indicate that the stock market reacts to the accounting reports. Therefore, the accounting numbers contain relevant information for the decision making of investors in the stock market. Moreover, it is observed that after the accounting convergence, the stock returns of the companies seem to present lower volatility.

  2. The productivity effects of profit sharing, employee ownership, stock option and team incentive plans: Evidence from korean panel data

    OpenAIRE

    Kato, Takao; Lee, Ju Ho; Ryu, Jang-soo

    2010-01-01

    We report the first results for Korean firms on the incidence, diffusion, scope and effects of diverse employee financial participation schemes, such as Profit Sharing Plans (PSPs), Employee Stock Ownership Plans (ESOPs), Stock Option Plans (SOPs) and Team Incentive Plans (TIPs). In do doing, we assemble important new panel data by merging data from a survey of all Korean firms listed on Korean Stock Exchange which enjoys an unusually high response rate of 60 percent with accounting data from...

  3. Microsomal biotransformation of chlorpyrifos, parathion and fenthion in rainbow trout (Oncorhynchus mykiss) and coho salmon (Oncorhynchus kisutch): mechanistic insights into interspecific differences in toxicity

    Science.gov (United States)

    Lavado, Ramon

    2010-01-01

    Rainbow trout often serve as a surrogate species evaluating xenobiotic toxicity in cold-water species including other salmonids of the same genus, which are listed as threatened or endangered. Biotransformation tends to show species-specific patterns that influence susceptibility to xenobiotic toxicity, particularly organophoshpate insecticides (OPs). To evaluate the contribution of biotransformation in the mechanism of toxicity of three organophosphate (phosphorothionate) insecticides, chlorpyrifos, parathion and fenthion, microsomal bioactivation and detoxification pathways were measured in gills, liver and olfactory tissues in juvenile rainbow trout (Oncorhynchus mykiss) and compared to juvenile coho salmon (Oncorhynchus kisutch). Consistent with species differences in acute toxicity, significantly higher chlorpyrifos bioactivation was found in liver microsomes of rainbow trout (up to 2-fold) when compared with coho salmon. Although bioactivation to the oxon was observed, the catalytic efficiency towards chlorpyrifos dearylation (detoxification) was significantly higher in liver for both species (1.82 and 0.79 for trout and salmon, respectively) when compared to desulfuration (bioactivation). Bioactivation of parathion to paraoxon was significantly higher (up to 2.2-fold) than detoxification to p-nitrophenol in all tissues of both species with rates of conversion in rainbow trout, again significantly higher than coho salmon. Production of fenoxon and fenthion sulfoxides from fenthion was detected only in liver and gills of both species with activities in rainbow trout significantly higher than coho salmon. NADPH-Dependent hydrolysis of fenthion was observed in all tissues, and was the only activity detected in olfactory tissues. These results indicate rainbow trout are more sensitive than coho salmon to the acute toxicity of OP pesticides because trout have higher catalytic rates of oxon formation. Thus, rainbow trout may serve as a conservative surrogate

  4. 78 FR 27466 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate...

    Science.gov (United States)

    2013-05-10

    ...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a..., 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the Securities and Exchange... for which the Exchange is the listing market, the System shall determine whether a transaction in a...

  5. Determinants and valuation implications of compulsory stock option disclosures in a weak regulatory setting the case of France

    NARCIS (Netherlands)

    Goh, Lisa; Joos, Philip; Soonawalla, Kazbi

    Using a sample of listed French firms in 2005, the year of mandatory IFRS adoption in the European Union (EU), we investigate the determinants of disclosure compliance of stock option expenses under IFRS 2, Share-based Payment. Stock options are a popular means of executive compensation in France

  6. 78 FR 17272 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate...

    Science.gov (United States)

    2013-03-20

    ... the locking or crossing market center. LIST is a routing strategy that is used by firms that wish for...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a... March 1, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the Securities and...

  7. 78 FR 49578 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate...

    Science.gov (United States)

    2013-08-14

    ... market center. LIST is a routing strategy that is used by firms that wish for their orders to participate...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a... hereby given that on August 5, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with...

  8. Surveys on Gyrodactylus parasites onwild Atlantic salmon in Denmark

    DEFF Research Database (Denmark)

    Jørgensen, Louise von Gersdorff; Heinecke, Rasmus Demuth; Buchmann, Kurt

    Gyrodactylus salaris is a monogenean ectoparasite parasitizing salmonids in freshwater. This parasite is highly pathogenic to both Norwegian and Scottish salmon and has decimated the salmon populations in 45 Norwegian rivers after anthropogenic transfer from Sweden. G. salaris has also been found...... on several occasions in Danish rainbow trout farms but has never been recorded as a pathogenic parasite on Danish wild salmon. In the present study the occurrence of G. salaris and other Gyrodactylus parasites on wild Danish salmon fry and parr were monitored. Electrofishing was conducted in three river......-systems (River Skjern, Ribe and Varde) and 0+ and 1+ salmon were collected and sacrificed using an overdose of MS222. During spring or summer time more salmon fry and parr will be collected. The fins were excised and fins and body were conserved separately in 96% ethanol. In the laboratory, the fins and body...

  9. 1998-1999 evaluation of fall chinook and chum salmon spawning below Bonneville, The Dalles, John Day and McNary dams

    International Nuclear Information System (INIS)

    Naald, W.D. van der

    2001-01-01

    This report describes work conducted by the Oregon Department of Fish and Wildlife (ODFW) and the Washington Department of Fish and Wildlife (WDFW) from 1 October 1998 to 30 September 1999. The work is part of studies to evaluate spawning of fall chinook salmon (Oncorhynchus tshawytscha) and chum salmon (O. keta) below the four lowermost Columbia River dams under the Bonneville Power Administration's Project 99-003. The purpose of this project is twofold: (1) Document the existence of fall chinook and chum populations spawning below Bonneville Dam (river mile (RM) 145), The Dalles Dam (RM 192), John Day Dam (RM 216), and McNary Dam (RM 292) (Figure 1) and estimate the size of these populations; and (2) Profile stocks for important population characteristics; including spawning time, genetic make-up, emergence timing, migration size and timing, and juvenile to adult survival rates. Specific tasks conducted by ODFW and WDFW during this period were: (1) Documentation of fall chinook and chum spawning below Bonneville, The Dalles, John Day and McNary dams using on-water observations; (2) Collection of biological data to profile stocks in areas described in Task 1; (3) Determination of spawning population estimates and age composition, average size at return, and sex ratios in order to profile stocks in areas described in Task 1; (4) Collection of data to determine stock origin of adult salmon found in areas described in Task 1; (5) Determination of possible stock origins of adult salmon found in areas described in Task 1 using tag rates based on coded-wire tag recoveries and genetic baseline analysis; (6) Determination of emergence timing and hatching rate of juvenile fall chinook and chum below Bonneville Dam; (7) Determination of migration time and size for juvenile fall chinook and chum rearing in the area described in Task 6; (8) Investigation of feasibility of determining stock composition of juvenile fall chinook and chum rearing in the area described in Task 6

  10. Consumption of salmon. A survey of supermarkets in China

    OpenAIRE

    Wang, Lingling

    2003-01-01

    To keep up with the recent trends in consumer demand for salmon product in supermarkets, an understanding of the relationship between consumption and variation of lifestyle is needed. The present paper seeks to address this question by hypothesizing that consumption is strongly influenced by consumers’ sociodemograhic status, experience of salmon, beliefs with salmon’s attributes and preference for the preferred type of salmon. Understanding the main lifestyle factors influe...

  11. Company Stock in Pension Funds

    OpenAIRE

    Even, William E.; Macpherson, David

    2004-01-01

    This study examines several issues surrounding the tendency for some pension funds to invest in their own company’s stock. After reviewing the existing literature describing the benefits and costs of investing in company stock, the legislative environment surrounding company stock holdings is reviewed. Using data from Internal Revenue Service Form 5500 filings on the pension fund holdings of over 300,000 defined–contribution pension plans in the 1990s, we show that about one out of ten define...

  12. Capital Structure and Stock Returns

    OpenAIRE

    Ivo Welch

    2002-01-01

    U.S. corporations do not issue and repurchase debt and equity to counteract the mechanistic effects of stock returns on their debt-equity ratios. Thus over one- to five-year horizons, stock returns can explain about 40 percent of debt ratio dynamics. Although corporate net issuing activity is lively and although it can explain 60 percent of debt ratio dynamics (long-term debt issuing activity being most capital structurerelevant), corporate issuing motives remain largely a mystery. When stock...

  13. Applying Portfolio Selection: A Case of Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Maria Praptiningsih

    2012-01-01

    Full Text Available This study has three objectives. First, we investigate whether Modern Portfolio Theory can be applied on the financial decisions that made by investors or individual in order to increase their wealth through investment activities. Second, we examine the real behavior of each asset in terms of capital assets pricing models. Third, we determine whether our portfolio is the best model to produce a higher return in a given level of risk or a lowest risk in a particular level of return. It is found that three different stocks listed in the Indonesia Stock Exchange have a positive relationship with market returns. The reactions of the investor regarding these stocks are not influenced by each other. Lastly, the minimum variance portfolio (MVP point which represents the single portfolio with the lowest possible level of standard deviation, occurs when the expected return of portfolio is approximately 2.2 percent at a standard deviation of 8.8 percent.

  14. Climate change sensitivity index for Pacific salmon habitat in southeast Alaska.

    Directory of Open Access Journals (Sweden)

    Colin S Shanley

    Full Text Available Global climate change may become one of the most pressing challenges to Pacific Salmon conservation and management for southeast Alaska in the 21st Century. Predicted hydrologic change associated with climate change will likely challenge the ability of specific stocks to adapt to new flow regimes and resulting shifts in spawning and rearing habitats. Current research suggests egg-to-fry survival may be one of the most important freshwater limiting factors in Pacific Salmon's northern range due to more frequent flooding events predicted to scour eggs from mobile spawning substrates. A watershed-scale hydroclimatic sensitivity index was developed to map this hypothesis with an historical stream gauge station dataset and monthly multiple regression-based discharge models. The relative change from present to future watershed conditions predicted for the spawning and incubation period (September to March was quantified using an ensemble global climate model average (ECHAM5, HadCM3, and CGCM3.1 and three global greenhouse gas emission scenarios (B1, A1B, and A2 projected to the year 2080. The models showed the region's diverse physiography and climatology resulted in a relatively predictable pattern of change: northern mainland and steeper, snow-fed mountainous watersheds exhibited the greatest increases in discharge, an earlier spring melt, and a transition into rain-fed hydrologic patterns. Predicted streamflow increases for all watersheds ranged from approximately 1-fold to 3-fold for the spawning and incubation period, with increased peak flows in the spring and fall. The hydroclimatic sensitivity index was then combined with an index of currently mapped salmon habitat and species diversity to develop a research and conservation priority matrix, highlighting potentially vulnerable to resilient high-value watersheds. The resulting matrix and observed trends are put forth as a framework to prioritize long-term monitoring plans, mitigation

  15. Reconnecting Social and Ecological Resilience in Salmon Ecosystems

    Directory of Open Access Journals (Sweden)

    Daniel L. Bottom

    2009-06-01

    Full Text Available Fishery management programs designed to control Pacific salmon (Oncorhynchus spp. for optimum production have failed to prevent widespread fish population decline and have caused greater uncertainty for salmon, their ecosystems, and the people who depend upon them. In this special feature introduction, we explore several key attributes of ecosystem resilience that have been overlooked by traditional salmon management approaches. The dynamics of salmon ecosystems involve social-ecological interactions across multiple scales that create difficult mismatches with the many jurisdictions that manage fisheries and other natural resources. Of particular importance to ecosystem resilience are large-scale shifts in oceanic and climatic regimes or in global economic conditions that unpredictably alter social and ecological systems. Past management actions that did not account for such changes have undermined salmon population resilience and increased the risk of irreversible regime shifts in salmon ecosystems. Because salmon convey important provisioning, cultural, and supporting services to their local watersheds, widespread population decline has undermined both human well-being and ecosystem resilience. Strengthening resilience will require expanding habitat opportunities for salmon populations to express their maximum life-history variation. Such actions also may benefit the "response diversity" of local communities by expanding the opportunities for people to express diverse social and economic values. Reestablishing social-ecological connections in salmon ecosystems will provide important ecosystem services, including those that depend on clean water, ample stream flows, functional wetlands and floodplains, intact riparian systems, and abundant fish populations.

  16. The role of fish movements and the spread of infectious salmon anemia virus (ISAV) in Chile, 2007-2009.

    Science.gov (United States)

    Mardones, F O; Martinez-Lopez, B; Valdes-Donoso, P; Carpenter, T E; Perez, A M

    2014-04-01

    Infectious salmon anemia virus (ISAV) infection is a constant major threat to farmed and wild Atlantic salmon worldwide. Many epidemics have recently been reported in the most important salmon farming regions of the world, including Chile (2007-2009), where ISAV generated the most important disease and economic crisis in history of the salmon industry of the country. The spread of ISAV within a region is most likely by local or neighborhood spread from an infected farm; however, there is evidence that anthropogenic activities, such as movement of live or harvested fish or their byproduct, may have played a more important role than environmental or passive transmission in the 2007-2009 outbreak. Atlantic salmon farms (n=421) were retrospectively followed from stocking to harvesting in southern Chile at the time of the ISAV epidemic (2007-2009). The effect of husbandry and spatial risk factors, in addition to contact-network risk factors, which were obtained from the social network analyses, on time to first ISAV infection was estimated using a multivariable Cox proportional hazards model. Five variables were retained in the final fitted model: co-existing multiple generations on a farm (hazard ratio [HR]=2.585), mean smolt weight at stocking greater than 120g (HR=1.165), farm area (perkm(2)) (HR=1.005), and increased number of shipments entering a farm, i.e. the farm input degree (HR=1.876) were associated with reduced time to infection; whereas time-to-infection was longer for farms located farther from an ongoing ISAV outbreak (HR=0.943). It was demonstrated that movements of latently infected fish resulted in approximately 7 outbreaks, and potentially explain about 6% of the total number of cases during the epidemic. Results from this study provide new information about the mechanisms of spread of ISAV in one the largest documented ISAV epidemics in the world. Findings may be used to support the design and implementation of risk-based surveillance and control

  17. Selective precipitation reaction: a novel diagnostic test for tissue pathology in Atlantic salmon, Salmo salar, infected with salmonid alphavirus (SAV3).

    Science.gov (United States)

    Braceland, M; Tinsley, J; Cockerill, D; Bickerdike, R; McLoughlin, M F; Eckersall, P D

    2017-08-01

    While investigating biomarkers for infection with salmonid alphavirus (SAV), the cause of pancreas disease (PD), a selective precipitation reaction (SPR) has been discovered in serum which could be an on-farm qualitative test and an in-laboratory quantitative assay for health assessments in aquaculture. Mixing serum from Atlantic salmon, Salmo salar, with SAV infection with a sodium acetate buffer caused a visible precipitation which does not occur with serum from healthy salmon. Proteomic examination of the precipitate has revealed that the components are a mix of muscle proteins, for example enolase and aldolase, along with serum protein such as serotransferrin and complement C9. The assay has been optimized for molarity, pH, temperature and wavelength so that the precipitation can be measured as the change in optical density at 340 nm (Δ 340 ). Application of the SPR assay to serum samples from a cohabitation trial of SAV infection in salmon showed that the Δ 340 in infected fish rose from undetectable to a maximum at 6 weeks post-infection correlating with histopathological score of pancreas, heart and muscle damage. This test may have a valuable role to play in the diagnostic evaluation of stock health in salmon. © 2016 The Authors. Journal of Fish Diseases Published by John Wiley & Sons Ltd.

  18. The effects of swimming exercise and dissolved oxygen on growth performance, fin condition and precocious maturation of early-rearing Atlantic salmon Salmo salar

    Science.gov (United States)

    Waldrop, Thomas; Summerfelt, Steven T.; Mazik, Patricia M.; Good, Christopher

    2018-01-01

    Swimming exercise, typically measured in body-lengths per second (BL/s), and dissolved oxygen (DO), are important environmental variables in fish culture. While there is an obvious physiological association between these two parameters, their interaction has not been adequately studied in Atlantic salmon Salmo salar. Because exercise and DO are variables that can be easily manipulated in modern aquaculture systems, we sought to assess the impact of these parameters, alone and in combination, on the performance, health and welfare of juvenile Atlantic salmon. In our study, Atlantic salmon fry were stocked into 12 circular 0.5 m3 tanks in a flow-through system and exposed to either high (1.5–2 BL/s) or low (exercise and DO concentration on growth, feed conversion, survival and fin condition. By study's end, both increased swimming speed and higher DO were independently associated with a statistically significant increase in growth performance (p exercise and dissolved oxygen at saturation during Atlantic salmon early rearing can result in improved growth performance and a lower incidence of precocious parr.

  19. Supplementing long-chain n-3 polyunsaturated fatty acids in canned wild Pacific pink salmon with Alaska salmon oil

    Science.gov (United States)

    Lapis, Trina J; Oliveira, Alexandra C M; Crapo, Charles A; Himelbloom, Brian; Bechtel, Peter J; Long, Kristy A

    2013-01-01

    Establishing n-3 polyunsaturated fatty acid contents in canned wild Alaska pink salmon products is challenging due to ample natural variation found in lipid content of pink salmon muscle. This study investigated the effect of adding salmon oil (SO) to canned pink salmon produced from fish exhibiting two opposite degrees of skin watermarking, bright (B) and dark (D). Specific goals of the study were to evaluate the benefits of adding SO to canned pink salmon with regard to nutritional value of the product, sensory characteristics, and the oxidative and hydrolytic stability of the lipids over thermal processing. Six groups of canned pink salmon were produced with variable levels of SO, either using bright (with 0, 1, or 2% SO) or dark (with 0, 2, or 4% SO) pink salmon. Compositional analysis revealed highest (P  0.05) ranging from 5.7% to 6.8%. Consequently, addition of SO to canned pink salmon allowed for consistent lipid content between bright and dark fish. Addition of 1% or 2% SO to canned bright pink salmon was not detrimental to the sensory properties of the product. It is recommended that canned bright pink salmon be supplemented with at least 1% SO, while supplementation with 2% SO would guarantee a minimum quantity of 1.9 g of n-3 fatty acids per 100 g of product. Addition of 4% SO to canned dark pink salmon was detrimental to product texture and taste, while supplementation with 2% SO did not negatively affect sensorial properties of the product. Accordingly, canned dark pink salmon should be supplemented with 2% SO so that a minimum n-3 fatty acids content of 1.5 g per 100 g of product. PMID:24804010

  20. Estimating uncertainty of data limited stock assessments

    DEFF Research Database (Denmark)

    Kokkalis, Alexandros; Eikeset, Anne Maria; Thygesen, Uffe Høgsbro

    2017-01-01

    -limited. Particular emphasis is put on providing uncertainty estimates of the data-limited assessment. We assess four cod stocks in the North-East Atlantic and compare our estimates of stock status (F/Fmsy) with the official assessments. The estimated stock status of all four cod stocks followed the established stock...

  1. Distinctive metabolite profiles in in-migrating Sockeye salmon suggest sex-linked endocrine perturbation.

    Science.gov (United States)

    Benskin, Jonathan P; Ikonomou, Michael G; Liu, Jun; Veldhoen, Nik; Dubetz, Cory; Helbing, Caren C; Cosgrove, John R

    2014-10-07

    The health of Skeena River Sockeye salmon (Onchorhychus nerka) has been of increasing concern due to declining stock returns over the past decade. In the present work, in-migrating Sockeye from the 2008 run were evaluated using a mass spectrometry-based, targeted metabolomics platform. Our objectives were to (a) investigate natural changes in a subset of the hepatic metabolome arising from migration-associated changes in osmoregulation, locomotion, and gametogenesis, and (b) compare the resultant profiles with animals displaying altered hepatic vitellogenin A (vtg) expression at the spawning grounds, which was previously hypothesized as a marker of xenobiotic exposure. Of 203 metabolites monitored, 95 were consistently observed in Sockeye salmon livers and over half of these changed significantly during in-migration. Among the most dramatic changes in both sexes were a decrease in concentrations of taurine (a major organic osmolyte), carnitine (involved in fatty acid transport), and two major polyunsaturated fatty acids (eicosapentaenoic acid and docosahexaenoic acid). In females, an increase in amino acids was attributed to protein catabolism associated with vitellogenesis. Animals with atypical vtg mRNA expression demonstrated unusual hepatic amino acid, fatty acid, taurine, and carnitine profiles. The cause of these molecular perturbations remains unclear, but may include xenobiotic exposure, natural senescence, and/or interindividual variability. These data provide a benchmark for further investigation into the long-term health of migrating Skeena Sockeye.

  2. Factors Affecting the Return Stock Company in Indonesia Stock Exchange (IDX LQ45 in Years 2012-2015

    Directory of Open Access Journals (Sweden)

    Fangki A. Sorongan

    2016-03-01

    Full Text Available This research aimed to determine the effect of partially and jointly independent variable of Debt to Equity Ratio (DER, Return on Equity (ROA, Return on Equity (ROE, and Net Profit Margin (NPM against the dependent variable on the stock return. Objects of this research were companies listed on the Indonesia Stock Exchange (BEI LQ45 continuously for four years in the period 2012-2015. Companies that qualify for this research were 28 companies. Based on this research, the conclusions indicate that all four independent variables; Debt to Equity Ratio (DER, Return on Equity (ROA, Return on Equity (ROE, and Net Profit Margin (NPM, either jointly or partially give the significant effect on return stock.

  3. Environment-dependent plasticity and ontogenetic changes in the brain of hatchery-reared Atlantic salmon

    DEFF Research Database (Denmark)

    Näslund, J.; Larsen, Martin Hage; Thomassen, S.T.

    2017-01-01

    enhancement strategies, like environmental enrichment. Here, we investigated the size of the brain in hatcheryreared Atlantic salmon Salmo salar kept at standard (high) and reduced (low) tank densities. In contrast to our predictions, we found that fish reared at high density had larger dry mass of cerebellum...... and telencephalon, correcting for body size. No differences were detected for total brain mass. Furthermore, we found that the relative size of both telencephalon and cerebellum, in relation to total brain mass, changed with body size. Cerebellum increased in relative size with increased body size, while......Lowered rearing density has repeatedly been shown to increase the performance of hatchery-reared salmonids stocked into natural environments. One possible mechanism for this pattern could be that lower densities enhance brain development, which has been shown to be the case in other hatchery...

  4. Monitoring of downstream salmon and steelhead at federal hydroelectric facilities - 1996. Annual report

    International Nuclear Information System (INIS)

    Martinson, R.D.; Graves, R.J.; Mills, R.B.; Kamps, J.W.

    1997-08-01

    The seaward migration of juvenile salmonids was monitored by the National Marine Fisheries Service (NMFS) at Bonneville and John Day Dams on the Columbia River in 1996 The NMFS Smolt Monitoring Project is part of a larger Smolt Monitoring Program (SMP) coordinated by the Fish Passage Center (FPC) for the Columbia Basin Fish and Wildlife Authority. The purpose of the SMP is to monitor the migration of the juvenile salmonid stocks in the Columbia basin and make flow and spill recommendations designed to facilitate fish passage. Data are also used for travel time, migration timing, and relative run size analysis. The purpose of the NMFS portion of the program is to provide the FPC with species and project specific real time data from John Day and Bonneville Dams. Monitoring data collected included: river conditions; total numbers of fish; numbers of fry, adult salmon, and incidental catch; daily and seasonal passage patterns; and fish condition. 10 refs., 16 figs., 5 tabs

  5. Preliminary data report of investigations conducted at the Salmon Site, Lamar County, Mississippi

    International Nuclear Information System (INIS)

    1994-04-01

    The US Department of Energy (DOE) conducted ecological studies at the Salmon Site (SS), Lamar County, Mississippi, from the middle of June 1992 to the end of April 1993. The studies are part of the Remedial Investigation and Feasibility Study (RI/FS) being conducted by the DOE. The RI/FS is the methodology under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986 (CERCLA/SARA) for evaluating hazardous waste sites on the National Priorities List (NPL). The Salmon Site is not listed on the NPL but DOE has voluntarily elected to conduct the evaluation of the SS in accordance with CERCLA/SARA. As part of the remedial investigation, baseline human health and ecological risk assessments will be conducted. These baseline risk assessments will evaluate the potential impact on human health and the environment if remedial actions are not conducted, identify locations where additional information needs to be collected, help determine whether remedial actions are necessary, and provide justification for performing remedial actions. This report describes the sampling activities conducted between February and April 1993 to aid in evaluating the possible environmental impacts at the SS tailored to the specific circumstances and conditions found there. The initial investigations included identification of the flora and fauna in and around the SS, with particular emphasis on identifying sensitive environments, endangered species and their habitats, and those species consumed by humans or found in human food chains

  6. Stock Analysis of S.C. ROPHARMA S.A. the Example of Romanian Pharmaceutical Entity

    Directory of Open Access Journals (Sweden)

    Mihaela-Cristina ONICA

    2011-11-01

    Full Text Available Stock performance analysis can not find a better place than after presentation of earnings per share, the latter being one of the indicators on the performance of companies listed on capital markets. Exchange rates are considered final term market performance of listed companies since they incorporate information concerning stock, but also financial and accounting data on the net result for the year, sales per share, dividend per share, book value per share, etc. Stock rate of action is the barometer of a company's overall performance, officially recognized by the public through the capital market. But changes in stock price is determined by the evolution of economic and financial results of the enterprise, but also investors' expectations about the possibilities of its development, progress and prospects the industry in which company operates, and national and international economic trends.

  7. Evaluation of Delisting Criteria and Rebuilding Schedules for Snake River Spring/Summer Chinook, Fall Chinook and Sockeye Salmon : Recovery Issues for Threatened and Endangered Snake River Salmon : Technical Report 10 of 11.

    Energy Technology Data Exchange (ETDEWEB)

    Cramer, Steven P.; Neeley, Doug

    1993-06-01

    We develop a framework for distinguishing healthy and threatened populations, and we analyze specific criteria by which these terms can be measured for threatened populations of salmon in the Snake River. We review reports and analyze existing data on listed populations of salmon in the Snake River to establish a framework for two stages of the recovery process: (1) defining de-listing criteria, and (2) estimating the percentage increase in survival that will be necessary for recovery of the population within specified time frames, given the de-listing criteria that must be achieved. We develop and apply a simplified population model to estimate the percentage improvement in survival that will be necessary to achieve different rates of recovery. We considered five main concepts identifying de-listing criteria: (1) minimum population size, (2) rates of population change, (3) number of population subunits, (4) survival rates, and (5) driving variables. In considering minimum population size, we conclude that high variation in survival rates poses a substantially greater probability of causing extinction than does loss of genetic variation. Distinct population subunits exist and affect both the genetic variability of the population and the dynamics of population decline and growth. We distinguish between two types of population subunits, (1) genetic and (2) geographic, and we give examples of their effects on population recovery.

  8. Smolt Monitoring Program, Volume II, Migrational Characteristics of Columbia Basin Salmon and Steelhead Trout, 1986 Annual Report.

    Energy Technology Data Exchange (ETDEWEB)

    Fish Passage Center

    1987-02-01

    Smolt Monitoring Program Annual Report, 1986, Volume I, describes the results of travel time monitoring and other migrational characteristics of yearling and sub-yearling chinook salmon (Oncorhynchus tshawytscha), sockeye salmon (Oncorhynchus nerka), and steelhead trout (Salmo gairdneri). This volume presents the data from Fish Passage Center freeze brands used in the analysis of travel time for Lewiston, Lower Granite, Lower Monumental, Rock Island, McNary, and John Day dams. Summary of data collection procedures and explanation of data listings are presented in conjunction with the mark recapture data. Data for marked fish not presented in this report will be provided upon request. Daily catch statistics (by species), flow, and sample parameters for the smolt monitoring sites, Clearwater, Lewiston, Lower Granite, Lower Monumental, Rock Island, McNary, John Day, and Bonneville also will be provided upon request.

  9. STUDY ON FINANCIAL COMMUNICATIONS FROM PUBLIC RETAIL COMPANIES: COMPARATIVE ANALYSIS – MILANO STOCK EXCHANGE AND BUCHAREST STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Veronica R GROSU

    2016-09-01

    Full Text Available The economic and financial crisis that hit the world economy has shown that for retail companies, growth continued to record only for those who held full control over every point of sale. The objective of our work is focused on the analysis of the most important financial indicators that a retail company should focus on and include in communication with external stakeholders. We make the connection with problems of the real economy through a comparative study of Romania and Italy, in which we analyze retail companies listed on the Bucharest Stock Exchange (BSE and a similar number of retail companies listed on the Milan Stock Exchange (MSE. The importance of the topic stems from the fact that it is essential for understanding how consumers relate the various retail companies and how the latter model their structure or behavior depending on the requirements and needs of the former.

  10. Evaluation of an Experimental Re-introduction of Sockeye Salmon into Skaha Lake; Year 1 of 3, 2000 Technical Report.

    Energy Technology Data Exchange (ETDEWEB)

    Hammell, Larry (University of Prince Edward Island, Atlantic Veterinary College, Charlottetown, PE, Canada); Machin, Deanna; Long, Karilyn (Okanagan National Fisheries Commission, Westbank, BC, Canada)

    2001-06-01

    Historical records indicate that sockeye salmon were once found in most of the lakes in the Okanagan River Basin. Currently, the only sockeye population within the Okanagan River Basin is found in Osoyoos Lake. Abundance of this stock has declined significantly in the last fifty years. The Okanagan Nation and tribes in the U.S. have proposed re-introducing the species into Okanagan Lake, which has a large rearing capacity. However, assessing the potential benefits and risks associated with a reintroduction of sockeye salmon into Okanagan Lake is difficult because of uncertainties about factors that determine production of Okanagan sockeye, and potential interactions with other species in Okanagan Lake. Associated with this proposal are the potential risks of re-introduction of sockeye salmon into Okanagan Lake. One of these is the effects of sockeye on the resident Okanagan Lake kokanee population, which has declined significantly in the past several years because of habitat loss due to human encroachment, competition with introduced mysid shrimp, and the reduction of biological productivity in the lake as municipalities have moved to more complete effluent treatment. Another concern is the possibility of the transmission of diseases that are currently not found in Okanagan and Skaha lakes from re-introduced sockeye to resident fish. An additional concern is the risk that exotic species (e.g. tench, largemouth bass), that have become established in southern Okanagan Lakes (principally as a result of purposeful introductions in the US Columbia/Okanagan river system), may be able to extend their range to Skaha and Okanagan Lakes, through fish ladders provided at the outlets of Vaseaux (McIntyre Dam) and Skaha Lakes (Okanagan Falls Dam), for natural upstream migration of sockeye. A transboundary multi-agency workshop was hosted in November of 1997 to discuss the potential risks and benefits of reintroducing sockeye salmon into Okanagan Lake. These discussions were

  11. Productivity of Spring Chinook Salmon and Summer Steelhead in the John Day River Basin, 2008 Annual Technical Report.

    Energy Technology Data Exchange (ETDEWEB)

    Wilson, Wayne H.; Schricker, Jaym' e; Ruzychi, James R. (Oregon Department of Fish and Wildlife)

    2009-02-13

    The John Day River subbasin supports one of the last remaining intact wild populations of spring Chinook salmon and summer steelhead in the Columbia River Basin. These populations remain depressed relative to historic levels and limited information is available for steelhead life history. Numerous habitat protection and rehabilitation projects have been implemented in the basin to improve salmonid freshwater production and survival. However, these projects often lack effectiveness monitoring. While our monitoring efforts outlined here will not specifically measure the effectiveness of any particular project, they will provide much needed programmatic or watershed (status and trend) information to help evaluate project-specific effectiveness monitoring efforts as well as meet some data needs as index stocks. Our continued monitoring efforts to estimate salmonid smolt abundance, age structure, SAR, smolts/redd, freshwater habitat use, and distribution of critical life states will enable managers to assess the long-term effectiveness of habitat projects and to differentiate freshwater and ocean survival. Because Columbia Basin managers have identified the John Day subbasin spring Chinook population as an index population for assessing the effects of alternative future management actions on salmon stocks in the Columbia Basin (Schaller et al. 1999) we continue our ongoing studies. This project is high priority based on the level of emphasis by the NWPPC Fish and Wildlife Program, Independent Scientific Advisory Board (ISAB), Independent Scientific Review Panel (ISRP), NOAA National Marine Fisheries Service (NMFS), and the Oregon Plan for Salmon and Watersheds (OWEB). Each of these groups have placed priority on monitoring and evaluation to provide the real-time data to guide restoration and adaptive management in the region. The objective is to estimate smolt-to-adult survival rates (SAR) and out-migrant abundance for spring Chinook Oncorhynchus tshawytscha and summer

  12. The Evaluation of Financing Efficiency of China’s Stock Market

    Directory of Open Access Journals (Sweden)

    Ji-chang Dong

    2016-01-01

    Full Text Available Financing is the main way for listed companies to obtain funds in China, and it is the “reservoir” which can guarantee enterprises to operate continuously. Financing efficiency can be used to measure the efficiency in using enterprises’ own funds, and it is one of the main indicators which are concerned by the stakeholders of listed companies. This paper mainly researches on the impact of equity financing on the financing efficiency of listed companies as a whole and selects 300 listed companies in the Shanghai and Shenzhen Stock Exchange as decision-making units. Then this paper analyzes the financial data of sample companies in 2008–2014. Finally, it can be concluded that the financing efficiency of listed companies in China is generally low, and the total factor productivity in the stock market continued to decline between 2003 and 2005 and then rose rapidly.

  13. Piscine reovirus, but not Jaundice Syndrome, was transmissible to Chinook Salmon, Oncorhynchus tshawytscha (Walbaum), Sockeye Salmon, Oncorhynchus nerka (Walbaum), and Atlantic Salmon, Salmo salar L.

    Science.gov (United States)

    Garver, Kyle A.; Marty, Gary D.; Cockburn, Sarah N.; Richard, Jon; Hawley, Laura M.; Müller, Anita; Thompson, Rachel L.; Purcell, Maureen K.; Saksida, Sonja M.

    2015-01-01

    A Jaundice Syndrome occurs sporadically among sea-pen-farmed Chinook Salmon in British Columbia, the westernmost province of Canada. Affected salmon are easily identified by a distinctive yellow discolouration of the abdominal and periorbital regions. Through traditional diagnostics, no bacterial or viral agents were cultured from tissues of jaundiced Chinook Salmon; however, piscine reovirus (PRV) was identified via RT-rPCR in all 10 affected fish sampled. By histopathology, Jaundice Syndrome is an acute to peracute systemic disease, and the time from first clinical signs to death is likely jaundiced Chinook Salmon, developed no gross or microscopic evidence of jaundice despite persistence of PRV for the 5-month holding period. The results from this study demonstrate that the Jaundice Syndrome was not transmissible by injection of material from infected fish and that PRV was not the sole aetiological factor for the condition. Additionally, these findings showed the Pacific coast strain of PRV, while transmissible, was of low pathogenicity for Atlantic Salmon, Chinook Salmon and Sockeye Salmon.

  14. Total Dissolved Gas Monitoring in Chum Salmon Spawning Gravels Below Bonneville Dam

    Energy Technology Data Exchange (ETDEWEB)

    Arntzen, Evan V.; Geist, David R.; Panther, Jennifer L.; Dawley, Earl

    2007-01-30

    At the request of the U.S. Army Corps of Engineers (Portland District), Pacific Northwest National Laboratory (PNNL) conducted research to determine whether total dissolved gas concentrations are elevated in chum salmon redds during spring spill operations at Bonneville Dam. The study involved monitoring the total dissolved gas levels at egg pocket depth and in the river at two chum salmon spawning locations downstream from Bonneville Dam. Dissolved atmospheric gas supersaturation generated by spill from Bonneville Dam may diminish survival of chum (Oncorhynchus keta) salmon when sac fry are still present in the gravel downstream from Bonneville Dam. However, no previous work has been conducted to determine whether total dissolved gas (TDG) levels are elevated during spring spill operations within incubation habitats. The guidance used by hydropower system managers to provide protection for pre-emergent chum salmon fry has been to limit TDG to 105% after allowing for depth compensation. A previous literature review completed in early 2006 shows that TDG levels as low as 103% have been documented to cause mortality in sac fry. Our study measured TDG in the incubation environment to evaluate whether these levels were exceeded during spring spill operations. Total dissolved gas levels were measured within chum salmon spawning areas near Ives Island and Multnomah Falls on the Columbia River. Water quality sensors screened at egg pocket depth and to the river were installed at both sites. At each location, we also measured dissolved oxygen, temperature, specific conductance, and water depth to assist with the interpretation of TDG results. Total dissolved gas was depth-compensated to determine when levels were high enough to potentially affect sac fry. This report provides detailed descriptions of the two study sites downstream of Bonneville Dam, as well as the equipment and procedures employed to monitor the TDG levels at the study sites. Results of the monitoring at

  15. Analysis of Economic Factors Affecting Stock Market

    OpenAIRE

    Xie, Linyin

    2010-01-01

    This dissertation concentrates on analysis of economic factors affecting Chinese stock market through examining relationship between stock market index and economic factors. Six economic variables are examined: industrial production, money supply 1, money supply 2, exchange rate, long-term government bond yield and real estate total value. Stock market comprises fixed interest stocks and equities shares. In this dissertation, stock market is restricted to equity market. The stock price in thi...

  16. Nonparametric NAR-ARCH Modelling of Stock Prices by the Kernel Methodology

    Directory of Open Access Journals (Sweden)

    Mohamed Chikhi

    2018-02-01

    Full Text Available This paper analyses cyclical behaviour of Orange stock price listed in French stock exchange over 01/03/2000 to 02/02/2017 by testing the nonlinearities through a class of conditional heteroscedastic nonparametric models. The linearity and Gaussianity assumptions are rejected for Orange Stock returns and informational shocks have transitory effects on returns and volatility. The forecasting results show that Orange stock prices are short-term predictable and nonparametric NAR-ARCH model has better performance over parametric MA-APARCH model for short horizons. Plus, the estimates of this model are also better comparing to the predictions of the random walk model. This finding provides evidence for weak form of inefficiency in Paris stock market with limited rationality, thus it emerges arbitrage opportunities.

  17. PERCEPTION OF CAPITAL, PROFIT AND DIVIDENDS AFFECT THE STOCK PURCHASE INTENTION IN INDONESIA PUBLIC COMPANY

    Directory of Open Access Journals (Sweden)

    Iskandar Muda

    2017-05-01

    Full Text Available This study aims to investigate the influence perception of Capital Gains and Dividends on Stock Purchase Intention in Indonesian companies. Variables used in this research are the capital, profit and dividends (independent variables and Stock Purchase Intention (dependent variable and to show their relationship, it was used multiple linear regression. This research included Manufacturing Companies listed on the Indonesia Stock Exchange and there were taken into account a number of 38 societies Data of this research are secondary data, obtained from the financial statements of the investigated companies published in the Indonesia Stock Exchange. The results showed that simultaneous independent variables have a significant influence on the capital structure, while partially effect on the Capital Shares Purchase Intentions. It was also shown that Profit and Dividends do not affect the Stock Purchase Intention.

  18. 50 CFR 660.412 - EFH identifications and descriptions for Pacific salmon.

    Science.gov (United States)

    2010-10-01

    ... Pacific salmon. 660.412 Section 660.412 Wildlife and Fisheries FISHERY CONSERVATION AND MANAGEMENT... COAST STATES West Coast Salmon Fisheries § 660.412 EFH identifications and descriptions for Pacific salmon. Pacific salmon essential fish habitat (EFH) includes all those water bodies occupied or...

  19. 77 FR 12568 - Fishing Capacity Reduction Program for the Southeast Alaska Purse Seine Salmon Fishery

    Science.gov (United States)

    2012-03-01

    ... Capacity Reduction Program for the Southeast Alaska Purse Seine Salmon Fishery AGENCY: National Marine... Salmon Fishery. NMFS will hold a series of public meetings with Southeast Alaska purse seine salmon... to Paul Marx, Chief, Financial Services Division, NMFS, Attn: SE Alaska Purse Seine Salmon Buyback...

  20. Essays on Stock Issuance

    DEFF Research Database (Denmark)

    Kohl, Niklas

    Firms which issue new equity subsequently have lower returns than other firms, but does the strength of the issuance effect vary in the cross section of firms? The essay shows, that US firms with characteristics that makes them “hard to value” have returns which are strongly related to their past...... issuance activity, while the return of “easy to value” firms are less related to their past issuance activity. In most cases the difference between “hard to value” and “easy to value” firms are signiffcant. As proxies for “hard to value”, I use three different types of firm characteristics. First, I...... consider firms for which relatively little information is available as “hard to value”. Examples are firms covered by few analysts and small firms. Second, I consider firms with high levels of analyst disagreement on stock price target, next quarter earnings per share and share recommendation as “hard...