Theory of time-like baryon form factors near thresholds

A new mechanism of baryon-antibaryon production via nonperturbative double pair creation in intermediate mesons is proposed and the theory contains no fitting parameters. It is shown, that near-threshold resonances are responsible for enhancements in electroproduction cross sections: $\psi(4S)$ for $\Lambda^+_c \Lambda^-_c, \Upsilon (6S)$ for $\Lambda_b \bar \Lambda_b$. An admixture of intermediate $D$- wave resonances produces angular dependence in differential cross section and can explain unusual behavior of the ratio $G_E/G_M$ for the proton.