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PurposeAfter the Global Financial Crisis in 2008, the impact of expanded liquidity in the financial market has drawn attention. The purpose of this paper is to examine the relationship between liquidity in financial markets and office markets across Asian countries. In particular, the research not only examines the effect of normal liquidity on real estate markets, but also the effects of excess liquidity are specifically highlighted.Design/methodology/approachThis paper uses panel estimation utilizing quarterly data from the first quarter of 2007 to the fourth quarter of 2015. Taking both time and location dimensions into account allows for a more precise estimate of the relationship between liquidity and office market's yields.FindingsPer the empirical outcome, an increasing excess liquidity tends to decelerate the value of office yields in six major Asian office market centers due to the positive effect on commercial real estate value. This effect is also identified by comparing the difference between the level of fitted yields and actual yields.Practical implicationsThe results enhance the understanding of commercial real estate yield determinants. Furthermore, the results can be used to assess the impacts of liquidity on major office markets in Asia.Originality/valueThis paper attempts to uncover the impact of liquidity in financial markets on the office market yields. To better understand the relationship, the concept of excess liquidity is adopted and further exploration of each office market is conducted by comparing the fitted yields, which is computed considering the effects of excess liquidity on yield levels and actual yields.

PurposeThe purpose of this paper is to examine the variation and dispersion of prime retail yields in eight Asia‐Pacific centres. It seeks to provide empirical evidence on the significance of real estate and capital market influences as systematic drivers of retail yields in the sample of eight cities. The aim is to build a model that enables market participants to obtain base case yield forecasts.Design/methodology/approachA panel model is deployed in this study utilising a database of yields of eight years (2001‐2007). The small number of observations for retail yields across cities is addressed with this approach, which combines time‐series and cross‐section data. A fixed‐effect specification allows for city specific influences that partially capture the heterogeneity of cities in the sample. Within this framework the influence of time varying factors across markets and random effects on yields is examined.FindingsThe empirical estimates established significant influences from real rent growth and interest rates on retail yields explaining 78 per cent of their variation when allowed for fixed effects. Systematic time influences and market size are not significant. Retail yields are found fairly sensitive to long‐term interest (LTI) rates with 1 per cent change in LTI rates resulting in an over 80 basis points shift in yields. In general, investors should be aware of interest rate shocks as these can move retail yields in the region significantly. Based on the actual and simulated values for 2007 Shanghai and Hong Kong are broadly fairly priced. In Tokyo, Sydney and Singapore retail yields are somewhat lower than the simulated values, which are attributed to greater liquidity and transparency in these markets than indicating over‐pricing. In Delhi, the prime yield above the actual a sign of a possible outward movement is found. Beijing appears under‐priced. Finally, in Mumbai, which has the highest yield in the sample, the simulated yield is below actual as per 2007. An adjustment may not be expected as this difference is attributed to the pricing of supply risks in this market.Originality/valueThis study addresses the dearth of research work on retail yields in the Asia‐Pacific region. Through the panel methodology proposed market participants can obtain fundamentals‐based forecasts for prime retail yields in the sample of the eight cities, understand the exposure to interest rate movements and make calls as to whether markets are mispriced. The study shows that pooling data and panel techniques represent a good option to study market dynamics in situations of small datasets.

PurposeThis research investigates three major research questions. First, how does brand alliance type, defined by a partner's location and brand quality, affect consumers' emotional value perceptions of higher education brand alliances for dual-degree programs? Second, does perceived brand fit mediate the relationship between brand alliance type and emotional value perceptions? Third, do individual differences in world-mindedness moderate the influence of brand alliance type on emotional value perceptions?Design/methodology/approachIn total, two experiments are performed. Experiment one examines the effect of brand alliance type, at varying combinations of partner brand quality and partner location (domestic or foreign), on consumers' emotional value perceptions. Experiment two examines the moderating role of world-mindedness in the relationship between brand alliance type and consumers' emotional value perceptions.FindingsResults provide evidence that consumers' perception of brand fit mediates the relationship between brand alliance type and consumers' emotional value perceptions of the alliance. Results also indicate that world-mindedness moderates the relationship between brand alliance type and emotional value perceptions.Originality/valueThis research extends the previous literature on higher education dual-degree brand alliances and introduces world-mindedness as an important consumer-based characteristic to consider in this line of research. It answers calls for more research on higher education branding and calls for research into the potential mediating role and importance of brand fit. It provides several theoretical and managerial implications relevant to the higher education brand alliances, particularly in dual-degree programs.

In barley, breeding using good genetic characteristics can improve the quality or quantity of crop characters from one generation to the next generation. The development of effective molecular markers in barley is crucial for understanding and analyzing the diversity of useful alleles. In this study, we conducted genetic relationship analysis using expressed sequence tag-simple sequence repeat (EST-SSR) markers for barley identification and assessment of barley cultivar similarity. Seeds from 82 cultivars, including 31 each of naked and hulled barley from the Korea Seed and Variety Service and 20 of malting barley from the RDA-Genebank Information Center, were analyzed in this study. A cDNA library of the cultivar Gwanbori was constructed for use in analysis of genetic relationships, and 58 EST-SSR markers were developed and characterized. In total, 47 SSR markers were employed to analyze polymorphisms. A relationship dendrogram based on the polymorphism data was constructed to compare genetic diversity. We found that the polymorphism information content among the examined cultivars was 0.519, which indicates that there is low genetic diversity among Korean barley cultivars. The results obtained in this study may be useful in preventing redundant investment in new cultivars and in resolving disputes over seed patents. Our approach can be used by companies and government groups to develop different cultivars with distinguishable markers. In addition, the developed markers can be used for quantitative trait locus analysis to improve both the quantity and the quality of cultivated barley.

Abstract
Background
The drought environment occurs frequently due to the unpredictable future climate change, and drought has a direct negative impact on crops, such as yield reduction. Drought events are random, frequent, and persistent. Molecular breeding can be used to create drought-tolerant food crops, but the safety of genetically modified (GM) plants must be demonstrated before they can be adopted. In this research, the environmental risk of drought-tolerant GM rice was explored by assessing phenotype and gene flow. Drought resistance genes CaMsrB2 inserted HV8 and HV23 were used as GM rice to analyze the possibility of various agricultural traits and gene flow along with non-GM rice.

Results
When the traits 1000-grain weight, grain length/width, and yield, were compared with GM rice and non-GM rice, all agricultural traits of GM rice and non-GM rice were the same. In addition, when the germination rate, viviparous germination rate, pulling strength, and bending strength were compared to analyze the possibility of weediness, all characteristic values of GM rice and non-GM rice were the same. Protein, amylose, and moisture, the major nutritional elements of rice, were also the same.

Conclusions
The results of this research are that GM rice and non-GM rice were the same in all major agricultural traits except for the newly assigned characteristics, and no gene mobility occurred. Therefore, GM rice can be used as a means to solve the food problem in response to the unpredictable era of climate change in the future.

AbstractPlants are crucial because they give us food and oxygen. With the idea of living on other planets and taking long trips in space, we need to understand and explore the way how plants can survive in these strange places. However, while the gravity response on earth's surface has been extensively studied in plants, in space, where the gravity is very weak, things get confusing. One of the intriguing and essential subjects for space life is understanding how plants can sustain themselves in microgravity conditions. To investigate this, various clinostat devices and the CRISPR/Cas9 technique are crucial tools for exploring the functioning of PIN-formed protein and related signal transduction pathways. In this review, we aim to provide researchers with a brief overview of the mechanisms of CRISPR/Cas9, which can be immensely helpful when using this method alongside clinostat machines. Our primary goal in this review is to address the missing gaps in existing literatures, focusing on how plants perceive gravity and experimental approaches applicable for studying their responses to microgravity, both on earth and in space.

Frontmatter -- Contents -- Part I Overview of New Towns in the Twentieth and Twenty- First Centuries -- Introduction -- 1 A Brief History of New Towns -- 2 The Promises and Pitfalls of New Towns -- 3 Quality of Life in New Towns: What Do We Know, and What Do We Need to Know? -- Part II New Towns Around the World -- United States -- 4 New Towns in the United States -- 5 Development Lessons from Today's Most Successful New Towns and Master- Planned Communities -- 6 New Towns as Laboratories for Local Governance -- Asia -- 7 New Towns in East and Southeast Asia -- 8 A Governance Perspective on New Towns in China -- 9 New Towns in China: The Liangzhu Story -- 10 Successes and Failures of New Towns in Hong Kong -- 11 Right Place, Right Time: The Rise of Bundang -- 12 New Towns in India -- Elsewhere -- 13 European New Towns: The End of a Model? From Pilot to Sustainable Territories -- 14 Governing an Adolescent Society: The Case of Almere -- 15 Ex Novo Towns in South America: A Genealogy -- 16 New Towns in Africa -- Part III Lessons on How to Build New Towns -- 17 Why Is It So Difficult to Develop Financially Successful New Towns? New Town Finance: Problems and Solutions -- 18 Organizing and Managing New Towns -- 19 Reflections from International Practice -- Part IV New Town Futures -- 20 The Twenty- First- Century New Town: Site Planning and Design -- 21 Environmental Concerns and New Towns: Four Paths -- 22 Regional New Town Development: Strategic Adaptation to Climate Change -- 23 New Towns in a New Era -- Appendix 1 Location Maps for New Towns and Planned Communities -- Appendix 2 New Towns Inventory -- References -- Contributors -- Index -- Acknowledgments