We present the first systematic physical modelling of the time-lag spectra
between the soft (0.3-1 keV) and the hard (1.5-4 keV) X-ray energy bands, as a
function of Fourier frequency, in a sample of 12 active galactic nuclei which
have been observed by XMM-Newton. We concentrate particularly on the negative
X-ray time-lags (typically seen above 10−4 Hz) i.e. soft band variations
lag the hard band variations, and we assume that they are produced by
reprocessing and reflection by the accretion disc within a lamp-post X-ray
source geometry. We also assume that the response of the accretion disc, in the
soft X-ray bands, is adequately described by the response in the neutral iron
line (Fe kα) at 6.4 keV for which we use fully general relativistic
ray-tracing simulations to determine its time evolution. These response
functions, and thus the corresponding time-lag spectra, yield much more
realistic results than the commonly-used, but erroneous, top-hat models.
Additionally we parametrize the positive part of the time-lag spectra
(typically seen below 10−4 Hz) by a power-law. We find that the
best-fitting BH masses, M, agree quite well with those derived by other
methods, thus providing us with a new tool for BH mass determination. We find
no evidence for any correlation between M and the BH spin parameter, α,
the viewing angle, θ, or the height of the X-ray source above the disc,
h. Also on average, the X-ray source lies only around 3.7 gravitational radii
above the accretion disc and the viewing angles are distributed uniformly
between 20 and 60 degrees. Finally, there is a tentative indication that the
distribution of spin parameters may be bimodal above and below 0.62.Comment: Accepted for publication in MNRAS. The paper is 22 pages long and
contains 19 figures and 2 table