Asset Ownership and Investment Incentives Revisited.

Previous work on the property rights theory of the firm suggests that in the presence of outside options, asset ownership may demotivate managers. This paper shows that this conclusion relies on the assumption that a manager's outside option only depends on her own investment.PROPERTY RIGHTS ; MANAGEMENT ; INVESTMENTS

Magnon squeezing in an antiferromagnet: reducing the spin noise below the standard quantum limit

At absolute zero temperature, thermal noise vanishes when a physical system is in its ground state, but quantum noise remains as a fundamental limit to the accuracy of experimental measurements. Such a limitation, however, can be mitigated by the formation of squeezed states. Quantum mechanically, a squeezed state is a time-varying superposition of states for which the noise of a particular observable is reduced below that of the ground state at certain times. Quantum squeezing has been achieved for a variety of systems, including the electromagnetic field, atomic vibrations in solids and molecules, and atomic spins, but not so far for magnetic systems. Here we report on an experimental demonstration of spin wave (i.e., magnon) squeezing. Our method uses femtosecond optical pulses to generate correlations involving pairs of magnons in an antiferromagnetic insulator, MnF2. These correlations lead to quantum squeezing in which the fluctuations of the magnetization of a crystallographic unit cell vary periodically in time and are reduced below that of the ground state quantum noise. The mechanism responsible for this squeezing is stimulated second order Raman scattering by magnon pairs. Such squeezed states have important ramifications in the emerging fields of spintronics and quantum computing involving magnetic spin states or the spin-orbit coupling mechanism

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Effects of solar wind magnetosphere coupling recorded at different geomagnetic latitudes: Separation of directly-driven and storage/release systems

The effect on geomagnetic activity of solar wind speed, compared with that of the strength of the interplanetary magnetic field, differs with geomagnetic latitude. In this study we construct a new index based on monthly standard deviations in the H-component of the geomagnetic field for all geomagnetic latitudes. We demonstrate that for this index the response at auroral regions correlates best with interplanetary coupling functions which include the solar wind speed while mid- and low-latitude regions respond to variations in the interplanetary magnetic field strength. These results are used to isolate the responsible geomagnetic current systems

The Band Gap in Silicon Nanocrystallites

The gap in semiconductor nanocrystallites has been extensively studied both theoretically and experimentally over the last two decades. We have compared a recent ``state-of-the-art'' theoretical calculation with a recent ``state-of-the-art'' experimental observation of the gap in Si nanocrystallite. We find that the two are in substantial disagreement, with the disagreement being more pronounced at smaller sizes. Theoretical calculations appear to over-estimate the gap. Recognizing that the experimental observations are for a distribution of crystallite sizes, we proffer a phenomenological model to reconcile the theory with the experiment. We suggest that similar considerations must dictate comparisons between the theory and experiment vis-a-vis other properties such as radiative rate, decay constant, absorption coefficient, etc.Comment: 5 pages, latex, 2 figures. (Submitted Physical Review B

Can Everett be Interpreted Without Extravaganza?

Everett's relative states interpretation of quantum mechanics has met with problems related to probability, the preferred basis, and multiplicity. The third theme, I argue, is the most important one. It has led to developments of the original approach into many-worlds, many-minds, and decoherence-based approaches. The latter especially have been advocated in recent years, in an effort to understand multiplicity without resorting to what is often perceived as extravagant constructions. Drawing from and adding to arguments of others, I show that proponents of decoherence-based approaches have not yet succeeded in making their ontology clear.Comment: Succinct analysis forthcoming in Found. Phy

Role of Quantum Confinement in Luminescence Efficiency of Group IV Nanostructures

Experimental results obtained previously for the photoluminescence efficiency (PL$_{eff}$) of Ge quantum dots (QDs) are theoretically studied. A $\log$-$\log$ plot of PL$_{eff}$ versus QD diameter ($D$) resulted in an identical slope for each Ge QD sample only when $E_{G}\sim (D^2+D)^{-1}$. We identified that above $D\approx$ 6.2 nm: $E_{G}\sim D^{-1}$ due to a changing effective mass (EM), while below $D\approx$ 4.6 nm: $E_{G}\sim D^{-2}$ due to electron/ hole confinement. We propose that as the QD size is initially reduced, the EM is reduced, which increases the Bohr radius and interface scattering until eventually pure quantum confinement effects dominate at small $D$

Short-term variability of solar wind number density, speed and dynamic pressure as a function of the interplanetary magnetic field components: A survey over two solar cycles

The variability of hourly values of solar wind number density, number density variation, speed, speed variation and dynamic pressure with IMF Bz and magnitude |B| has been examined for the period 1965–1986. We wish to draw attention to a strong correlation in number density and number density fluctuation with IMF Bz characterised by a symmetric increasing trend in these quantities away from Bz = 0 nT. The fluctuation level in solar wind speed is found to be relatively independent of Bz. We infer that number density and number density variability dominate in controlling solar wind dynamic pressure and dynamic pressure variability. It is also found that dynamic pressure is correlated with each component of IMF and that there is evidence of morphological differences between the variation with each component. Finally, we examine the variation of number density, speed, dynamic pressure and fluctuation level in number density and speed with IMF magnitude |B|. Again we find that number density variation dominates over solar wind speed in controlling dynamic pressure