Electronic Theses and Dissertations

Author

Minxing Sun

Date

2018

Date of Award

2018

Document Type

Dissertation

Degree Name

Doctor of Philosophy

Committee Chair

Ronald Spahr

Committee Member

Ronald Spahr

Committee Member

Mark Sunderman

Committee Member

Sabatino Silveri

Abstract

This dissertation presents three papers in three different areas: finance, management and real estate. The first essay investigates whether CEO gender influences the likelihood of dismissal. We theorize and find that, ceteris paribus, female CEOs are significantly more likely to be dismissed than male CEOs. Perhaps even more importantly, we find a CEO gender by firm performance interaction such that male CEOs are less likely to be dismissed when firm performance is high (compared to when it is low), whereas female CEOs have a similar level of dismissal likelihood regardless of firm performance. The second essay illustrates that managers strategically use 10-K readability as a defensive tool for self-protection. Furthermore, managers may formulate less readable 10-K reports when firms face higher litigation risk or perceive higher litigation risk, when firms are more likely to be takeover targets, or when firms attempt to protect firm-specific confidentiality. The third essay conducts a trend analysis for the City of Memphis blight conundrum and investigates potential causes of individual property and neighborhood blight. We find that both neighborhood demographics and changes in neighborhood demographics are indicators and predecessors of neighborhoods blight and that blight negatively impacts property values. Both individual property blight scores, as measured by a blight survey team for all properties in Memphis, and our neighborhood-specific blight indices negatively impact both sale prices, assessed valuations and probability of property sales.

Comments

Data is provided by the student.

Library Comment

Dissertation or thesis originally submitted to ProQuest

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