This paper contains two theorems concerning the theory of maximal Cohen–Macaulay modules. The first theorem proves that certain Ext groups between maximal Cohen–Macaulay modules and must have finite length, provided only finitely many isomorphism classes of maximal Cohen–Macaulay modules exist having ranks up to the sum of the ranks of and . This has several corollaries. In particular it proves that a Cohen–Macaulay local ring of finite Cohen–Macaulay type has an isolated singularity. A well-known theorem of Auslander gives the same conclusion but requires that the ring be Henselian. Other corollaries of our result include statements concerning when a ring is Gorenstein or a complete intersection on the punctured spectrum, and the recent theorem of Leuschke and Wiegand that the completion of an excellent Cohen–Macaulay local ring of finite Cohen–Macaulay type is again of finite Cohen–Macaulay type. The second theorem proves that a complete local Gorenstein domain of positive characteristic and dimension is -rational if and only if the number of copies of splitting out of divided by has a positive limit. This result generalizes work of Smith and Van den Bergh. We call this limit the -signature of the ring and give some of its properties.

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