565 research outputs found
A Shift Symmetry in the Higgs Sector: Experimental Hints and Stringy Realizations
We interpret reported hints of a Standard Model Higgs boson at ~ 125 GeV in
terms of high-scale supersymmetry breaking with a shift symmetry in the Higgs
sector. More specifically, the Higgs mass range suggested by recent LHC data
extrapolates, within the (non-supersymmetric) Standard Model, to a vanishing
quartic Higgs coupling at a UV scale between 10^6 and 10^18 GeV. Such a small
value of lambda can be understood in terms of models with high-scale SUSY
breaking if the Kahler potential possesses a shift symmetry, i.e., if it
depends on H_u and H_d only in the combination (H_u+\bar{H}_d). This symmetry
is known to arise rather naturally in certain heterotic compactifications. We
suggest that such a structure of the Higgs Kahler potential is common in a
wider class of string constructions, including intersecting D7- and D6-brane
models and their extensions to F-theory or M-theory. The latest LHC data may
thus be interpreted as hinting to a particular class of compactifications which
possess this shift symmetry.Comment: v2: References added. v3: References added, published versio
Proceedings of the 2nd Workshop on Flavor Symmetries and Consequences in Accelerators and Cosmology (FLASY12)
These are the proceedings of the 2nd Workshop on Flavor Symmetries and
Consequences in Accelerators and Cosmology, held 30 June 2012 - 4 July 2012,
Dortmund, Germany.Comment: Order 400 pages, several figures including the group picture v2:
corrected author list and contributio
Where do firms manage earnings?
Despite decades of research on how, why, and when companies manage earnings, there is a paucity of evidence about the geographic location of earnings management within multinational firms. In this study, we examine where companies manage earnings using a sample of 2,067 U.S. multinational firms from 1994 to 2009. We predict and find that firms with extensive foreign operations in weak rule of law countries have more foreign earnings management than companies with subsidiaries in locations where the rule of law is strong. We also find some evidence that profitable firms with extensive tax haven subsidiaries manage earnings more than other firms and that the earnings management is concentrated in foreign income. Apart from these results, we find that most earnings management takes place in domestic income, not foreign income.Arthur Andersen (Firm) (Arthur Andersen Faculty Fund
The Role of Information and Financial Reporting in Corporate Governance and Debt Contracting
We review recent literature on the role of financial reporting transparency in reducing governance-related agency conflicts among managers, directors, and shareholders, as well as in reducing agency conflicts between shareholders and creditors, and offer researchers some suggested avenues for future research. Key themes include the endogenous nature of debt contracts and governance mechanisms with respect to information asymmetry between contracting parties, the heterogeneous nature of the informational demands of contracting parties, and the heterogeneous nature of the resulting governance and debt contracts. We also emphasize the role of a commitment to financial reporting transparency in facilitating informal multiperiod contracts among managers, directors, shareholders, and creditors
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