Debt holding by managers, i.e., inside debt, aligns the incentives of managers more closely with those of debtholders, reducing agency costs of debt (Jensen and Meckling (1976) and Edmans and Liu (2011)). My thesis investigates the effect of managerial ownership of debt on corporate risk-taking, bank loan contracting, and accounting conservatism. / In the first chapter I examine the effect of managerial ownership of debt on agency costs of debt problems related to risk-taking. I find that higher managerial ownership of debt implements lower corporate risk-taking, in terms of less investment in R&D, more investment in capital expenditures, and more corporate diversification. The role of inside debt in moderating risk-taking is more pronounced in firms with high level of default risk. These findings suggest that managers with large inside debt holdings are less likely to pursue risky projects that potentially transfer wealth from debtholders to shareholders. / In the second chapter I examine how terms of bank loans are related to managerial ownership of debt. Specifically, the analysis uncovers significant evidence of lower loan spreads for firms with larger debt ownership by CEOs. The negative relation is more pronounced when creditors face higher expropriation risk and when the CEO's expected retirement horizon is beyond loan maturity. I also find that loans to firms with larger managerial debt holdings are associated with smaller lending syndicates, fewer covenant restrictions, and less collateral requirement, consistent with lenders anticipating lower expropriation risk at these firms. / In the third chapter I examine the relation between accounting conservatism and managerial ownership of debt. Consistent with debt holdings by managers mitigating the debtholder-shareholder conflicts and reducing debtholders' demand for accounting conservatism, I find significant evidence of less conservative financial reporting at firms whose CEOs have accumulated more deferred compensation and pension benefits. This negative relation is more pronounced in firms with higher expected agency costs of debt and in firms that can credibly commit to a higher level of conservatism if required by debtholders. These findings are robust to using a number of alternative accounting conservatism measures and to correcting for potential endogeneity of managerial ownership of debt. / Xin, Xiangang. / Advisers: Danqing Young; Oliver M. Rui; Cong Wang. / Source: Dissertation Abstracts International, Volume: 73-07(E), Section: A. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2011. / Includes bibliographical references (leaves 134-140). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest Information and Learning Company, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstract also in Chinese.

Background: Though there continues to be a significant amount of research aimed at understanding factors associated with participating in sexual risk behavior in populations of YBMSM, there has been far less research concerned with understanding how psychological distress may influence sexual risk behaviors and how emotional bond formation may affect the relationship between psychological distress and sexual risk behavior. This study aims to better understand the relationship between psychological distress and sexual risk behavior as well as the moderating effect of adult attachment insecurity on this relationship. Methods: Three data collection strategies were utilized to address the study aims: 1) cross-sectional (n = 228), 2) eight-week structured diary (n = 153), and 3) semi-structured interview (n = 30). The cross-sectional survey provided measurement information on adult attachment style using a modified version of the Experiences in Close Relationships Scale (ECR) that consists of the attachment avoidance and anxiety subscales, the Brief Symptoms Inventory (BSI) and the Kessler-10 (K10). Sexual risk was measured by assessing unprotected anal intercourse (UAI) and serodiscordant UAI in the last two months. The eight-week structured diary utilized weekly reports of UAI encounter vs. no UAI encounter, and serodiscordant UAI encounter vs. no serodiscordant UAI encounter. The K10 and the Profile of Moods (POMS) anxiety and depression subscales measured psychological distress. The semi-structured interview assessed childhood attachment. Regression analyses were used to analyze the cross-sectional data. Random effects and population average regression models were used to analyze the structured diary data. A thematic inductive analysis technique was utilized to analyze the qualitative data. Results: Overall, participants reported slightly elevated mean scores on the attachment anxiety subscale while scores on the attachment avoidance subscale remained low. Participants reported an average of two UAI partners in the last month and an average of 1.3 UAI encounters over the eight-week diary period. Psychological distress scores were slightly elevated in the cross-sectional survey and depression scores were elevated in the diary component. For Aim 1, men higher on attachment insecurity (anxiety and avoidance) had higher levels of general psychological distress, depression, and anxiety in comparison to men who were more secure. The qualitative data supported the quantitative findings and showed that subjective appraisal of traumatic events and sexual orientation disclosure may mediate the relationship between childhood attachment and adult mental health. For Aim 2, the quantitative findings suggested that attachment insecurity was not related to sexual risk behavior. However, the qualitative component suggested that participants who were anxious used sex as a means to try to create an emotional bond, while participants who were avoidant used sex as a means to feel good without wanting to create an emotional bond. Both anxious and avoidant men seemed to participate in more concurrent sexual relationships which could increase their likelihood of HIV/STI transmission. For Aim 3, men who were more depressed and had higher levels of general psychological distress were more likely to report a serodiscordant UAI encounter in a given week. The qualitative data supported the quantitative findings and suggested that men might use sex as a means of escape their negative mood. This model of "escapism" could have lead to participation in sexual practices that increased men's risk of HIV/STI transmission. For Aim 4, adult attachment insecurity did not moderate the relationship between psychological distress and sexual risk. The qualitative data suggested that secure attachment in childhood was important to adequately coping with stressful situations, which in turn promoted overall well-being. Conclusion: Study findings suggest that understanding adult attachment may lead to a better understanding of psychological distress and sexual risk behavior among YBMSM. The results highlight the importance of considering childhood and young adult emotional bond formation in the development of HIV/STI prevention intervention activities aimed at addressing the heightened rates of sexual risk behavior among YBMSM. This research could have valuable implications for the development of HIV/STI and mental health prevention interventions aimed at reducing sexual risk behaviors and promoting well-being in populations of YBMSM

Previous research examining high-risk sports participation has yielded discrepancies between the role assigned to risk and the perceptions of climbers regarding risk. Risk, as it applies to high-risk sport participation, has not been sufficiently defined in the literature. The current study sought to develop, by means of a grounded theory approach, a new, dynamic operational definition of risk as it applies to rock climbers, and to examine the role of risk management as a modifying factor in the perception of risk and its impact on motivation and participation. Nineteen subjects (twelve male and seven female) averaging 14.7 years of climbing experience were interviewed. A model for the processing of risk in high-risk sports participants is presented in which risk is perceived by the participant as operating on three levels: actual risk, assessed risk, and mental or perceived risk. The exposure to actual and assessed risk does not appear to be a goal of the climbers interviewed, but does provide meaning to decisions made by the participant, as well as defining limits and boundaries. Mental or perceived risk serves to provide a mental challenge to be overcome by the climber, and may provide a thrill or "adrenaline rush" that is sought out by some participants. The elimination of risk would change most participants' perceptions of climbing. Motivation would be negatively affected in most cases. The model presented describes a process of risk awareness, assessment, acceptance, mitigation, results, and consequences that is situation specific. The perception and assessment of risk varies from individual to individual, as well as across time. Individual climbers have a well defined risk threshold: a point at which the risk to which they are exposing themselves becomes too great and the decision will be made to reject risk. This threshold is stable and does not shift as the result of experience. It is suggested that future research which seeks to examine the role of risk in high-risk sports participation focus on the process by which risk is identified, evaluated, and accepted, as this will be of the most benefit to the participants.

Youth involved in the criminal justice system exhibit elevated rates of sexual risk behavior (SRB), placing them at high risk for sexually transmitted infections (STIs) and other deleterious outcomes. High levels of youth-maternal connectedness have been shown to act as a protective factor for SRB in nationally representative studies and in studies with primarily White youth samples. However, there are mixed findings in the research literature on the association of maternal connectedness and SRB among African American and Latino youth, a population who are disproportionately over-represented in the criminal justice system. Additionally, no studies to date have examined the role of maternal connectedness in SRB among justice-involved youth. This dissertation used archived data to determine if maternal connectedness can buffer against the negative effects of adverse childhood experiences (ACEs) on SRB among justice-involved youth. A secondary aim was to explore the prevalence of ACEs among youth in the sample, including several new ACE items that focus on adversity occurring outside the home. Participants (N=263) were sentenced or detained adolescent males at a large correctional facility in New York City, aged 16-18 and predominantly African American and Latino. Data were collected from the baseline interview of an intervention study conducted from 2009-2010. Youth participated in an individually administered, computer-based survey covering a range of topics, such as sexual health history, family relationships, substance use, and exposure to adverse events. Consistent with the literature, our sample of detained youth reported a high degree of SRB and a significant number of adverse experiences. Logistic regression analysis found that total ACE scores do not predict risky sexual behavior, even when controlling for maternal connectedness, substance use, age, and number of days incarcerated/detained. However, every participant endorsed exposure to at least 2 ACEs and 92% endorsed exposure to 4 or more, suggesting that the restriction in range may have obfuscated a relationship between total ACE scores and sexual risk-taking. The new ACE items, including poverty, racial discrimination, and neighborhood violence were prevalent. Additionally, several of the individual ACE items, including physical abuse, emotional abuse, and racial discrimination were independently associated with sexual risk outcomes. Maternal connectedness was negatively correlated with one type of risky sexual behavior—frequency of substance use during sex. Maternal connectedness and total ACE scores were, as predicted, negatively correlated. These findings suggest that our sample of incarcerated youth have experienced such a profound degree of adversity and trauma that perhaps ACE scores alone cannot adequately predict their engagement in risky sex. The fact that so many of the adolescents in the study endorsed the new ACE items also provides strong support for dissemination of the revised ACE inventory. This study highlights the need for greater research on risk and protective factors influencing adolescent SRB, as well as psychosocial correlates of ACEs among at-risk youth. Furthermore, given the syndemic nature of SRB and high prevalence of STIs, HIV, and ACEs in urban communities of color, future research should consider a more comprehensive and integrative approach to preventing both childhood adversity and unwanted sexual risk outcomes. Directions for future research and clinical implications are discussed.

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Thesis (Ph. D.)--University of Missouri-Columbia, 2007. / The entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file (viewed on December 6, 2007) Vita. Includes bibliographical references.

Thesis (Ph. D.)--University of Missouri-Columbia, 2007. / The entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file (viewed on December 18, 2007) Vita. Includes bibliographical references.

Thesis (Ph. D.)--University of Washington, 2001. / Vita. Includes bibliographical references (leaves 124-136).

Thesis (Ph. D.)--University of North Texas, Aug., 2009. / Title from title page display. Includes bibliographical references.