University of New Hampshire

About: University of New Hampshire is a education organization based out in Durham, New Hampshire, United States. It is known for research contribution in the topics: Population & Solar wind. The organization has 9379 authors who have published 24025 publications receiving 1020112 citations. The organization is also known as: UNH.

Corporate Cash Holdings and CEO Compensation Incentives

Abstract: We examine the effect of CEO compensation incentives on corporate cash holdings and the value of cash to better understand how compensation incentives designed to enhance the alignment of manager and shareholder interests may influence stockholder-bondholder conflicts. We find a positive relation between CEO risk-taking (vega) incentives and cash holdings, and we find a negative relation between vega and the value of cash to shareholders. The negative effect of vega on the value of cash is robust after controlling for corporate governance, is stronger in firms with high leverage, is reversed for unlevered firms, and is not present in financially constrained firms. We also find that the likelihood of liquidity covenants in new bank loans is increasing in CEO vega incentives. Our evidence primarily supports the costly contracting hypothesis, which asserts that bondholders anticipate greater risk-taking in high vega firms and therefore require greater liquidity.

Regional variation in perceptions about climate change

Abstract: A 2007 survey covering rural areas in nine US states provides data on perceived local impacts of climate change. Perceptions vary from region to region, with a pattern suggesting links to real climate—specifically to winter warming in snow country. A multivariate analysis using mixed-effects ordered logit regression confirms a significant perception-temperature relationship, net of individual background and ideological characteristics, and of regional variations. These findings invite more detailed research. Copyright © 2009 Royal Meteorological Society

Counseling Transgendered, Transsexual, and Gender‐Variant Clients

Abstract: The emergent consciousness and political activism within the transgender community has important implications for the field of counseling. In the current paradigm, the focus has shifted from using surgical and hormonal interventions and thereby enabling transgendered persons to “pass” within the traditional gender binary of society to affirming the unique identities of transgendered persons. To prepare counselors, counselor educators, and counseling supervisors for this important challenge, the authors describe the evolving nature of the transgender community, discuss mental health issues and counseling interventions for use with transgendered clients, and present a case study detailing the progression of counseling with 1 transgendered client.