Influence of Clinically Invisible, but Optical Coherence Tomography Detected, Optic Disc Margin Anatomy on Neuroretinal Rim Evaluation

PURPOSE. We previously demonstrated that most eyes have regionally variable extensions of Bruch's membrane (BM) inside the clinically identified disc margin (DM) that are clinically and photographically invisible. We studied the impact of these findings on DM- and BM opening (BMO)-derived neuroretinal rim parameters. METHODS. Disc stereo-photography and spectral domain optical coherence tomography (SD-OCT, 24 radial B-scans centered on the optic nerve head) were performed on 30 glaucoma patients and 10 age-matched controls. Photographs were colocalized to SD-OCT data such that the DM and BMO could be visualized in each B-scan. Three parameters were computed: (1) DM-horizontal rim width (HRW), the distance between the DM and internal limiting membrane (ILM) along the DM reference plane; (2) BMO-HRW, the distance between BMO and ILM along the BMO reference plane; and (3) BMO-minimum rim width (MRW), the minimum distance between BMO and ILM. Rank-order correlations of sectors ranked by rim width and spatial concordance measured as angular distances between equivalently ranked sectors were derived. RESULTS. The average DM position was external to BMO in all quadrants, except inferotemporally. There were significant sectoral differences among all three rim parameters. DM- HRW and BMO-HRW sector ranks were better correlated (median rho = 0.84) than DM- HRW and BMO-MRW (median rho = 0.55), or BMO-HRW and BMO-MRW (median rho = 0.60) ranks. Sectors with the narrowest BMO-MRW were infrequently the same as those with the narrowest DM-HRW or BMO-HRW. CONCLUSIONS. BMO-MRW quantifies the neuroretinal rim from a true anatomical outer border and accounts for its variable trajectory at the point of measurement. (Invest Ophthalmol Vis Sci. 2012;53:1852-1860) DOI:10.1167/iovs.11-9309

Optic Disc Margin Anatomy in Patients with Glaucoma and Normal Controls with Spectral Domain Optical Coherence Tomography

Objective: To characterize optic nerve head (ONH) anatomy related to the clinical optic disc margin with spectral domain-optical coherence tomography (SD-OCT). Design: Cross-sectional study. Participants: Patients with open-angle glaucoma with focal, diffuse, and sclerotic optic disc damage, and age-matched normal controls. Methods: High-resolution radial SD-OCT B-scans centered on the ONH were analyzed at each clock hour. For each scan, the border tissue of Elschnig was classified for obliqueness (internally oblique, externally oblique, or nonoblique) and the presence of Bruch's membrane overhanging the border tissue. Optic disc stereophotographs were co-localized to SD-OCT data with customized software. The frequency with which the disc margin identified in stereophotographs coincided with (1) Bruch's membrane opening (BMO), defined as the innermost edge of Bruch's membrane; (2) Bruch's membrane/border tissue, defined as any aspect of either outside BMO or border tissue; or (3) border tissue, defined as any aspect of border tissue alone, in the B-scans was computed at each clock hour. Main Outcome Measures: The SD-OCT structures coinciding with the disc margin in stereophotographs. Results: There were 30 patients (10 with each type of disc damage) and 10 controls, with a median (range) age of 68.1 (42-86) years and 63.5 (42-77) years, respectively. Although 28 patients (93%) had 2 or more border tissue configurations, the most predominant one was internally oblique, primarily superiorly and nasally, frequently with Bruch's membrane overhang. Externally oblique border tissue was less frequent, observed mostly inferiorly and temporally. In controls, there was predominantly internally oblique configuration around the disc. Although the configurations were not statistically different between patients and controls, they were among the 3 glaucoma groups. At most locations, the SD-OCT structure most frequently identified as the disc margin was some aspect of Bruch's membrane and border tissue external to BMO. Bruch's membrane overhang was regionally present in the majority of patients with glaucoma and controls; however, in most cases it was not visible as the disc margin. Conclusions: The clinically perceived disc margin is most likely not the innermost edge of Bruch's membrane detected by SD-OCT. These findings have important implications for the automated detection of the disc margin and estimates of the neuroretinal rim. Financial Disclosure(s): Proprietary or commercial disclosure may be found after the references. Ophthalmology 2012;119:738-747 (C) 2012 by the American Academy of Ophthalmology.

Coassimetria, cocurtose e as taxas de retorno das ações: uma análise com dados em painel

Modelos de apreçamento de ativos têm sido um tema sob constante investigação em finanças. Desde o capital asset pricing model (CAPM) proposto por Sharpe (1964), tais modelos relacionam, geralmente de maneira linear, a taxa de retorno esperada de um ativo ou carteira de ativos com fatores de risco sistêmico. Esta pesquisa apresenta um teste de um modelo de apreçamento, com dados brasileiros, introduzindo em sua formulação fatores de risco baseados em comomentos estatísticos. O modelo proposto é uma extensão do CAPM original acrescido da coassimetria e da cocurtose entre as taxas de retorno das ações das empresas que compõem a amostra e as taxas de retorno da carteira de mercado. Os efeitos de outras variáveis, como o valor de mercado sobre valor contábil, a alavancagem financeira e um índice de negociabilidade em bolsa, serviram de variáveis de controle. A amostra foi composta de 179 empresas brasileiras não financeiras negociadas na BM&FBovespa e com dados disponíveis entre os anos de 2003 a 2007. A metodologia consistiu em calcular os momentos sistêmicos anuais a partir de taxas de retornos semanais e em seguida testá-los em um modelo de apreçamento, a fim de verificar se há um prêmio pelo risco associado a cada uma dessas medidas de risco. Foi empregada a técnica de análise de dados em painel, estimada pelo método dos momentos generalizado (GMM). O emprego do GMM visa lidar com potenciais problemas de determinação simultânea e endogeneidade nos dados, evitando a ocorrência de viés nas estimações. Os resultados das estimações mostram que a relação das taxas de retorno dos ativos com a covariância e a cocurtose são estatisticamente significantes. Os resultados se mostraram robustos a especificações alternativas do modelo. O artigo contribui para a literatura por apresentar evidências empíricas brasileiras de que há um prêmio pelo risco associado aos momentos sistêmicos.