The Nature of Corporate Governance: The Significance of National Cultural Identity

This book presents a thoughtful inquiry into the nature and rationale of corporate governance. The authors address fundamental questions including; What is the balance between ownership and control?; For whose interests should the company be run?; What is the institutional balance between shareholders, directors and other potential stakeholders, including the economy

Catastrophic Decays of Compactified Space-Times

Witten long ago pointed out that the simplest Kaluza-Klein theory, without supersymmetry, is subject to a catastrophic instability. There are a variety of string theories which are potentially subject to these instabilities. Here we explore a number of questions: how generic are these instabilities? what happens when a potential is generated on the moduli space? in the presence of supersymmetry breaking, is there still a distinction between supersymmetric and non-supersymmetric states?Comment: Typos corrected, references adde

Renormalization in General Gauge Mediation

We revisit General Gauge Mediation (GGM) in light of the supersymmetric (linear) sigma model by utilizing the current superfield. The current superfield in the GGM is identified with supersymmetric extension of the vector symmetry current of the sigma model while spontaneous breakdown of supersymmetry in the GGM corresponds to soft breakdown of the axial vector symmetry of the sigma model. We first derive the current superfield from the supersymmetric linear sigma model and then compute 2-point functions of the current superfield using the (anti-)commutation relations of the messenger component fields. After the global symmetry are weakly gauged, the 2-point functions of the current superfield are identified with a part of the 2-point functions of the associated vector superfield. We renormalize them by dimensional regularization and show that physical gaugino and sfermion masses of the MSSM are expressed in terms of the wavefunction renormalization constants of the component fields of the vector superfield.Comment: 25 pages, 12 figure

Gluino Condensation in Strongly Coupled Heterotic String Theory

Strongly coupled heterotic $E_8\times E_8$ string theory, compactified to four dimensions on a large Calabi-Yau manifold ${\bf X}$, may represent a viable candidate for the description of low-energy particle phenomenology. In this regime, heterotic string theory is adequately described by low-energy $M$-theory on ${\bf R}^4\times{\bf S}^1/{\bf Z}_2\times{\bf X}$, with the two $E_8$'s supported at the two boundaries of the world. In this paper we study the effects of gluino condensation, as a mechanism for supersymmetry breaking in this $M$-theory regime. We show that when a gluino condensate forms in $M$-theory, the conditions for unbroken supersymmetry can still be satisfied locally in the orbifold dimension ${\bf S}^1/{\bf Z}_2$. Supersymmetry is then only broken by the global topology of the orbifold dimension, in a mechanism similar to the Casimir effect. This mechanism leads to a natural hierarchy of scales, and elucidates some aspects of heterotic string theory that might be relevant to the stabilization of moduli and the smallness of the cosmological constant.Comment: 22 pages, harvmac, no figure

Symmetric Points in the Landscape as Cosmological Attractors

In the landscape, if there is to be any prospect of scientific prediction, it is crucial that there be states which are distinguished in some way. The obvious candidates are states which exhibit symmetries. Here we focus on states which exhibit discrete symmetries. Such states are rare, but one can speculate that they are cosmological attractors. We investigate the problem in model landscapes and cosmologies which capture some of the features of candidate flux landscapes. In non-supersymmetric theories we find no evidence that such states might be cosmologically favored. In supersymmetric theories, simple arguments suggest that states which exhibit $R$ symmetries might be. Our considerations lead us to raise questions about some popular models of eternal inflation.Comment: 27 pages, latex, minor typo correcte

Remarks on the Racetrack Scheme

There are only a small number of ideas for stabilizing the moduli of string theory. One of the most appealing of these is the racetrack mechanism, in which a delicate interplay between two strongly interacting gauge groups fixes the value of the coupling constant. In this note, we explore this scenario. We find that quite generally, some number of discrete tunings are required in order that the mechanism yield a small gauge coupling. Even then, there is no sense in which a weak coupling approximation is valid. On the other hand, certain holomorphic quantities can be computed, so such a scheme is in principle predictive. Searching for models which realize this mechanism is thus of great interest. We also remark on cosmology in these schemes.Comment: 20 pp, latex, discussion of calculability modifie

Supersymmetry Breaking in the Early Universe

Supersymmetry breaking in the early universe induces scalar soft potentials with curvature of order the Hubble constant. This has a dramatic effect on the coherent production of scalar fields along flat directions. For the moduli problem it generically gives a concrete realization of the problem by determining the field value subsequent to inflation. However it might suggest a solution if the minimum of the induced potential coincides with the true minimum. The induced Hubble scale mass also has important implications for the Affleck-Dine mechanism of baryogenesis. This mechanism requires large squark or slepton expectation values to develop along flat directions in the early universe. This is generally not the case if the induced mass squared is positive, but does occur if it is negative. The resulting baryon to entropy ratio depends mainly on the dimension of the nonrenormalizable operator in the superpotential which stabilizes the flat direction, and the reheat temperature after inflation. Unlike the original scenario, it is possible to obtain an acceptable baryon asymmetry without subsequent entropy releases.Comment: 11 pages, requires phyzz

A Model of Direct Gauge Mediation

We present a simple model of gauge mediation (GM) which does not have a messenger sector or gauge singlet fields. The standard model gauge groups couple directly to the sector which breaks supersymmetry dynamically. This is the first phenomenologically viable example of this type in the literature. Despite the direct coupling, the model can preserve perturbative gauge unification. This is achieved by the inverted hierarchy mechanism which generates a large scalar expectation value compared to the size of supersymmetry breaking. There is no dangerous negative contribution to the squark, slepton masses due to two-loop renormalization group equation. The potentially non-universal supergravity contribution to the scalar masses can be suppressed enough to maintain the virtue of the gauge mediation. The model is completely chiral, and one does not need to forbid mass terms for the messenger fields by hand. Beyond the simplicity of the model, it possesses cosmologically desirable features compared to the original models of GM: an improved gravitino and string moduli cosmology. The Polonyi problem is back unlike in the original GM models, but is still much less serious than in hidden sector models.Comment: LaTeX, 12 page

CP Violation from Slepton Oscillations at the LHC and NLC

In supersymmetric theories the charged sleptons of different generations may oscillate amongst themselves while they decay. In the case of three generation oscillations, superpartner production at the LHC and NLC may lead to an observable $CP$-violating signal $N(e^+\mu^-) - N(\mu^+e^-)$. This signal is proportional to a $CP$-violating invariant of the slepton mass matrix, $\widetilde{J}$, which is not constrained by searches for the electric dipole moment of the electron. The sensitivity of the LHC and NLC to this signal is highly dependent on superpartner masses, but $\widetilde{J}$ may be probed to a level of $10^{-3}$. Observation of the $CP$-violating signal would imply a definite structure for the slepton mass matrices and have strong implications for models of flavor and SUSY breaking.Comment: 37 pages, REVTeX, 7 figure