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

IF 2.2 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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通过董事会在危机中建立弹性——探索董事会行为的中介效应

本研究考察了两种董事会行为，它们在COVID-19危机中的前因后果。这两种行为是(1)董事会参与危机管理计划和(2)董事会创造性地寻找解决方案。前提是董事会的专业知识和认知多样性。其结果是坚定的韧性。本研究运用经典的上层阶梯理论和精炼的上层阶梯理论构建理论论证，指出两种董事会行为在董事会专长和认知多样性对企业弹性的影响中起到中介作用。研究使用了2020年初美国的调查数据。我们发现强有力的证据支持我们的整体论点，即董事会参与危机管理计划和董事会创造性地寻找解决方案是关键的调解人。我们的研究还表明，危机的背景很重要。在2019冠状病毒病期间，董事会认知多样性会对董事会行为产生负面影响。最后，我们对全文进行了讨论并提出了未来的研究建议。

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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.