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IPO Underwriting and Subsequent Lending
Hsuan-Chi Chen,Li-Ping Chen,Keng-Yu Ho,Pei-Shih Weng 한국재무학회 2012 한국재무학회 학술대회 Vol.2012 No.09
This study investigates the relation between IPO underwriting and subsequent lending. We find that when a bank underwrites a firm’s IPO, the bank is more likely to provide the issuer with future loans at a lower cost, compared to banks without an IPO underwriting relationship. The evidence also suggests that the underwriting banks share information surplus with the IPO firms in the post-IPO loans, supporting the cost-saving hypothesis. Finally, when borrowing firms are more satisfied with the IPO outcomes, they are more likely to retain their underwriting banks as subsequent lenders. We find no evidence that underwriting banks would exploit such satisfaction by charging higher interest rates in the post-IPO loans.
Chou, Yi-Hsuan,Choo, Kwang-Ho,Chen, Shiao-Shing,Yu, Jui-Hsuan,Peng, Ching-Yu,Li, Chi-Wang Elsevier 2018 Separation and purification technology Vol.198 No.-
<P><B>Abstract</B></P> <P>A chemical reduction process was proposed to recover copper from the retentate of polyelectrolyte enhanced ultrafiltration (PEUF). Three polyelectrolytes (PSS, PAA, and PEI) containing various functional groups and molecular weights were studied to explore their effects on the copper removal in PEUF and on the copper recovery by chemical reduction under various pH conditions. With PSS which contains sulfonic group, copper was removed reasonably well (ca. 75%) by PEUF even under acidic pH value of 3. With PAA which contains carboxylic group, copper removal was a bit low (∼60%) under pH 3.0 but increased substantially at pH 4.0. A branched PEI having amine group achieved the highest Cu removal of 94% at pH 3. The copper removal efficiency decreased slightly with increasing pH due to the high permeation of PEI through membrane.</P> <P>Chemical reduction achieved the complete copper recovery for solution containing PSS. The copper recovery efficiencies were more than 95% for PAA solution with pH values ranging from 3 to 9 at reaction time of one hour. For PEI, the recovery efficiencies ranged from 20 to 96% and were pH dependent. Aggregated and settled readily copper particles were produced by chemical reduction in PSS solution. XRD analysis identified cuprous oxide in all of the samples. Dependent of pH and polyelectrolytes, additional peaks matching those of elemental copper were identified. TGA analysis showed that solids produced from PSS and PAA systems contained no polyelectrolytes while solid collected from PEI system contained 32% of polyelectrolyte.</P> <P><B>Highlights</B></P> <P> <UL> <LI> Polyelectrolytes with different functional groups and MW were applied in PEUF. </LI> <LI> Effects of polyelectrolytes and pH on the reduction of copper were studied. </LI> <LI> Both Cu<SUB>2</SUB>O and Cu<SUP>0</SUP> were identified by XRD analysis of solids obtained. </LI> </UL> </P>
The Interaction of Oxytocin and Social Support, Loneliness, and Cortisol Level in Major Depression
Tsung-Yu Tsai,Huai-Hsuan Tseng,Mei Hung Chi,Hui Hua Chang,Cheng-Kuan Wu,Yen Kuang Yang,Po See Chen 대한정신약물학회 2019 CLINICAL PSYCHOPHARMACOLOGY AND NEUROSCIENCE Vol.17 No.4
Objective: Loneliness is a specific risk factor for depressive symptoms and suicidal behavior. The present study examined whether the serum oxytocin level would interact with social support and buffers loneliness and hypothalamic-pituitary- adrenal (HPA)-axis activity in drug-naïve patients with major depressive disorder (MDD). Methods: Twenty-six patients with MDD (male:female = 3:23; mean age, 45.54 ± 12.97 years) were recruited. The 17-item Hamilton Depression Rating Scale, UCLA Loneliness Scale and self-reported Measurement of Support Function Questionnaire were administered. Serum oxytocin and cortisol levels were assessed using a commercial immunoassay kits. Results: In MDD patients, a negative association was found between degrees of social support and loneliness ( = −0.39, p = 0.04). The interaction between social support and serum oxytocin level was negatively associated with loneliness ( = −0.50, p = 0.017) and serum cortisol level ( = −0.55, p = 0.020) after adjusting for age. Follow-up analyses showed that the association between higher social support and lower loneliness was observed only in the higher-oxytocin group (r = −0.75, p = 0.003) but not in the lower group (r = −0.19, p = 0.53). The significance remained after further adjusting for sex and depression severity. Conclusion: Low oxytocin level is a vulnerability factor for the buffering effect of social support for loneliness and aberrant HPA-axis activity in MDD patients.
Shih-Hsien Lin,Huai-Hsuan Tseng,Hsin Chun Tsai,Mei Hung Chi,I Hui Lee,Po See Chen,Kao Chin Chen,Yen Kuang Yang 대한정신약물학회 2021 CLINICAL PSYCHOPHARMACOLOGY AND NEUROSCIENCE Vol.19 No.1
Objective: Weight gain is an important risk factor for morbidity and mortality among patients with schizophrenia. We speculated that positive symptoms, related to dopaminergic hyperactivity and altered mesolimbic function, are associated with weight gain. Methods: Twenty-two antipsychotic-naïve, first-episode patients with schizophrenia were enrolled. The Positive and Negative Syndrome Scale was completed at enrollment and follow-up. Body mass index (BMI) was also measured. Results: The increase in BMI, after 6.04 ± 2.16 years of follow-up, was associated with positive symptoms, but not negative symptoms, before treatment with antipsychotics in antipsychotic-naïve patients with schizophrenia. Conclusion: This finding implied that dopaminergic hyperactivity could be an important factor to predict the treatment outcome. Body weight control is important for the health management of patients with schizophrenia with more severe positive symptoms.
Genotypespecific methylation of HPV in cervical intraepithelial neoplasia
Yaw-Wen Hsu,Rui-Lan Huang,Po-Hsuan Su,Yu-Chih Chen,Hui-Chen Wang,Chi-Chun Liao,Hung-Cheng Lai 대한부인종양학회 2017 Journal of Gynecologic Oncology Vol.28 No.4
Objective: Hypermethylation of human papillomavirus (HPV) and host genes has beenreported in cervical cancer. However, the degree of methylation of different HPV typesrelative to the severity of the cervical lesions remains controversial. Studies of the degree ofmethylation associated with the host gene and the HPV genome to the severity of cervicallesions are rare. We examined the association of methylation status between host genes andlate gene 1 (L1) regions of HPV16, 18, 52, and 58 in cervical brushings. Methods: Cervical brushings from 147 HPV-infected patients were obtained. The samplescomprised normal (n=28), cervical intraepithelial neoplasia (CIN) 1 (n=45), CIN2 (n=13), andCIN3/carcinoma in situ (n=61). The methylation status of HPV and host genes was measuredusing bisulfite pyrosequencing and quantitative methylation-specific polymerase chainreaction (PCR). Results: The degree of methylation of L1 in HPV16, 18, and 52 was associated with theseverity of the cervical lesion. In HPV52, C-phosphate-G (CpG) sites 6368m, 6405m, and6443m showed significantly higher methylation in lesions ≥CIN3 (p=0.005, 0.003, and0.026, respectively). Methylation of most HPV types except HPV52 (r<−0.1) was positivelycorrelated with the degree of methylation of host genes including PAX1 and SOX1 (0.4≤r≤0.7). Combining HPV methylation with PAX1 methylation improved the clustering for ≥CIN2. Conclusion: Our study showed that the degree of L1 methylation of HPV16, 18, and 52but not 58 is associated with the severity of cervical lesions. The association betweenHPV methylation and host gene methylation suggests different responses of host cellularepigenetic machinery to different HPV genotypes.
Ya, Vinh,Martin, Natacha,Chou, Yi-Hsuan,Chen, Yi-Ming,Choo, Kwang-Ho,Chen, Shiao-Shing,Li, Chi-Wang Elsevier 2018 Journal of the Taiwan Institute of Chemical Engine Vol.83 No.-
<P><B>Abstract</B></P> <P>Surface finishing wastewater having low pH (∼2) and high conductivity (>11 mS/cm) was treated by electrocoagulation (EC) or electrochemical Fenton (ECF) processes using sacrificial iron anodes. Under the same theoretical Fe dosage, the effects of electrolytic time, initial pH, and current density on the simultaneous removal of organic and heavy metal were investigated. A complete metal removal was achieved even at the low current density of 24.2 mA/cm<SUP>2</SUP> and short electrolytic time of 4 min, whereas approximately 40% of chemical oxygen demand was removed. Increasing the electric current density did not improve removal efficiencies, but consumed more electric energy. Low current conditions produced a brown color sludge associated with ferric hydroxide. On the contrary, a greenish color sludge was created at a high current due to the formation of ferrous hydroxide. The formation of ferrous hydroxide impacted the treated water quality. The ECF was employed to overcome the low COD removal by the EC, achieving >67% of COD removal. The costs of ECF processes were slightly greater than that of chemical coagulation, but achieving a lot greater heavy metal removals. ECF process can be a promising method for simultaneous removal of heavy metal and organics from complex industrial wastewater.</P> <P><B>Highlights</B></P> <P> <UL> <LI> Organics and metal removals by electrochemical treatments using Fe were studied. </LI> <LI> Fe(II)/Fe(III) distribution depended on current density, reaction time, and solution pH. </LI> <LI> The lower in electric current density, the better in energy efficiency. </LI> <LI> Electrochemical Fenton enhanced organic removal unachieved by electrocoagulation. </LI> </UL> </P> <P><B>Graphical abstract</B></P> <P>[DISPLAY OMISSION]</P>
Ya, Vinh,Guillou, Esther Le,Chen, Yi-Ming,Yu, Jui-Hsuan,Choo, Kwang-Ho,Chuang, Sheng-Ming,Lee, Shou-Jen,Li, Chi-Wang Elsevier 2018 JOURNAL- TAIWAN INSTITUTE OF CHEMICAL ENGINEERS Vol.87 No.-
<P><B>Abstract</B></P> <P>A novel sacrificial anode comprised of scrap iron packed inside a cage made of titanium mesh was developed for Cr(VI) reduction. With electric currents applied, the surface passivation of scrap iron electrode could be avoided. Due to the large surface area with open structures provided, the applied current densities (1.18–3.54 mA/cm<SUP>2</SUP>) were low, resulting in low operating voltage and energy consumption. Complete Cr(VI) removal was achieved with electric currents applied, whereas only 20% of the Cr(VI) was removed without electricity. Direct Cr(VI) reduction on the iron surface was a dominant mechanism for the system operated at low (0.25 A) or no current. Acidic pH levels were more effective in Cr(VI) removal, due to more adsorption of Cr(VI) onto the precipitated Fe hydroxide. The trend in total Cr removal was almost the same as that of Cr(VI) removal, but time required to complete total Cr removal was extended. With intermittent electricity supply at a high electric current intensity, the energy consumption of the system was more efficient. Using scrap iron as a sacrificial anode under the intermittent current condition can save 72–77% of the total operational costs required by the conventional plate electrode.</P> <P><B>Highlights</B></P> <P> <UL> <LI> A novel anode packed with scrap iron inside a Ti mesh was used for reducing Cr(VI). </LI> <LI> Electroplating wastewater containing Cr(VI) and Ni(II) was treated. </LI> <LI> Current intensity and initial pH affect the Cr(VI) reduction pattern significantly. </LI> <LI> Intermittent but high electric current supply saved 72–77% of the operating costs. </LI> </UL> </P> <P><B>Graphical abstract</B></P> <P>[DISPLAY OMISSION]</P>