2,853 research outputs found
Topological Majorana and Dirac zero modes in superconducting vortex cores
We provide an argument based on flux insertion to show that certain
superconductors with a non-trivial topological invariant have protected zero
modes in their vortex cores. This argument has the flavor of a two dimensional
index theorem and applies to disordered systems as well. It also provides a new
way of understanding the zero modes in the vortex cores of a spinless superconductor. Applying this approach to superconductors with and
without time reversal and spin rotational symmetry, we predict the necessary
and sufficient conditions for protected zero modes to exist in their vortices.Comment: 5 pages, 1 figur
A six-factor asset pricing model
The present study introduce the human capital component to the Fama and
French five-factor model proposing an equilibrium six-factor asset pricing
model. The study employs an aggregate of four sets of portfolios mimicking size
and industry with varying dimensions. The first set consists of three set of
six portfolios each sorted on size to B/M, size to investment, and size to
momentum. The second set comprises of five index portfolios, third, a four-set
of twenty-five portfolios each sorted on size to B/M, size to investment, size
to profitability, and size to momentum, and the final set constitute thirty
industry portfolios. To estimate the parameters of six-factor asset pricing
model for the four sets of variant portfolios, we use OLS and Generalized
method of moments based robust instrumental variables technique (IVGMM). The
results obtained from the relevance, endogeneity, overidentifying restrictions,
and the Hausman's specification, tests indicate that the parameter estimates of
the six-factor model using IVGMM are robust and performs better than the OLS
approach. The human capital component shares equally the predictive power
alongside the factors in the framework in explaining the variations in return
on portfolios. Furthermore, we assess the t-ratio of the human capital
component of each IVGMM estimates of the six-factor asset pricing model for the
four sets of variant portfolios. The t-ratio of the human capital of the
eighty-three IVGMM estimates are more than 3.00 with reference to the standard
proposed by Harvey et al. (2016). This indicates the empirical success of the
six-factor asset-pricing model in explaining the variation in asset returns
On the classification of Quantum Spin Hall Models
We propose an alternative formulation of the topological index for
quantum spin Hall systems and band insulators when time reversal invariance is
not broken. The index is expressed in terms of the Chern numbers of the bands
of the model, and a connection with the number of pairs of robust edge states
is thus established. The alternative index is easy to compute in most cases of
interest. We also discuss connections with the recently proposed spin Chern
number for quantum spin Hall models.Comment: Presentation changed to improve clarity, some technical aspects of
the topological arguments including material previously cited as unpublished
notes have now been added as an appendi
Abelian Floquet symmetry-protected topological phases in one dimension
Time-dependent systems have recently been shown to support novel types of
topological order that cannot be realised in static systems. In this paper, we
consider a range of time-dependent, interacting systems in one dimension that
are protected by an Abelian symmetry group. We classify the distinct
topological phases that can exist in this setting and find that they may be
described by a bulk invariant associated with the unitary evolution of the
closed system. In the open system, nontrivial phases correspond to the
appearance of edge modes in the many-body quasienergy spectrum, which relate to
the bulk invariant through a form of bulk-edge correspondence. We introduce
simple models which realise nontrivial dynamical phases in a number of cases,
and outline a loop construction that can be used to generate such phases more
generally.Comment: 13 pages, 1 figure; Published versio
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