Building Resilience in a Crisis Through Boards – Exploring the Mediating Effect of Board Behavior

IF 2.6 3区管理学 Q3 MANAGEMENT Journal of Contingencies and Crisis Management Pub Date : 2025-02-02 DOI:10.1111/1468-5973.70027

Pingying Zhang, Dongyuan Wang, Nada Kakabadse, Tobias Huning

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Abstract

The present study examines two board behaviors, their antecedents and their consequences in the COVID-19 crisis. The two behaviors are (1) board involvement in crisis management planning and (2) board creative effort in finding solutions. The antecedents are board expertise and cognitive diversity. The consequence is firm resilience. The study builds its theoretical argument using the classical and refined upper echelons theory, stating that the two board behaviors mediate the effect of board expertise and cognitive diversity on firm resilience. Survey data from the United States during early 2020 was used. We found strong support for our overall argument that board involvement in crisis management planning and board creative effort in finding solutions are critical mediators. Our study also shows that the context of a crisis matters. During COVID-19, board cognitive diversity can negatively affect board behavior. We conclude the paper with discussions and future research proposals.

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来源期刊

Journal of Contingencies and Crisis Management MANAGEMENT-

CiteScore

5.40

自引率

12.90%

发文量

期刊介绍： The Journal of Contingencies and Crisis Management is an invaluable source of information on all aspects of contingency planning, scenario analysis and crisis management in both corporate and public sectors. It focuses on the opportunities and threats facing organizations and presents analysis and case studies of crisis prevention, crisis planning, recovery and turnaround management. With contributions from world-wide sources including corporations, governmental agencies, think tanks and influential academics, this publication provides a vital platform for the exchange of strategic and operational experience, information and knowledge.