Factorization in B ---> V gamma decays

The factorization properties of the radiative decays B {yields} V{gamma} are analyzed at leading order in 1/mb using the soft-collinear effective theory. It is shown that the decay amplitudes can be expressed in terms of a B {yields} V form factor evaluated at q{sup 2} = 0, light-cone distribution amplitudes of the B and V mesons, and calculable hard-scattering kernels. The renormalization-group equations in the effective theory are solved to resume perturbative logarithms of the different scales in the decay process. Phenomenological implications for the B {yields} K*{gamma} branching ratio, isospin asymmetry, and CP asymmetries are discussed, with particular emphasis on possible effects from physics beyond the Standard Model.