U.S. Coast Guard (CG) personnel face occupational stressors (e.g., search and rescue) which compound daily life stressors encountered by civilians. However, the degree CG personnel express stress-related mental health symptoms of posttraumatic stress disorder (PTSD) and major depressive disorder (MDD) is understudied as a military branch, and little is known concerning the interplay of vulnerab...

We analyze a distressed firm indebted to many creditors. The firm’s owners have the option of choosing the sequence of restructuring negotiations with the creditors. We show that sequencing flexibility is beneficial to firm owners, and that the optimal sequencing of restructuring negotiations involves exploiting the firm’s liabilities to some creditors so as to moderate the demands of others. M...

We model illiquid asset markets where institutional investors account for their priceimpact when trading. The model explains why liquidity beta’s and market prices of liquidity-risk are time varying, and elevated during periods of market turbulence and heightened trading. We extend the distressed investor literature to a setting where all investors are optimizing, rational, and aware of distres...

Care giving is an exhausting job, and carers are reported to experience very significant strain. This research examined burden, cognitive appraisal, coping, and psychological adjustment of carers of physically disabled people with specific reference to post-onset personality and physical changes. Two studies were conducted. Study one examined subjective burden in carers in relation to post-onse...

I develop an analytically tractable dynamic asset pricing model to study expected returns of financially distressed firms in the presence of learning and investor activism. Learning critically affects distressed stocks’ valuations and risk exposures as information about solvency is essential for firm survival in distress. Informational externalities from active investors thus can also have firs...

This study was designed to identify Marital Status Inventory (MSI) scores that could be used as cutoff points for degrees of marital distress. Cutoff scores are useful in clinical work as a way to estimate degrees of marital distress, differentiate couples for treatments, and to provide uniformity across studies. Subjects consisted of 474 couples requesting marital therapy at a university-based...

We compared good sleepers with minimally and highly distressed poor sleepers on three measures of daytime functioning: self-reported fatigue, sleepiness, and cognitive inefficiency. In two samples (194 older adults, 136 college students), we tested the hypotheses that (1) poor sleepers experience more problems with daytime functioning than good sleepers, (2) highly distressed poor sleepers repo...