Did Emotional Intelligence Traits Mitigate COVID-19 Uncertainty Effects on Financial Institutions’ Board Decision-Making Process?
Article
Hall, Jessica, Jones, Gregory, Beattie, Claire and Sands, John. 2024. "Did Emotional Intelligence Traits Mitigate COVID-19 Uncertainty Effects on Financial Institutions’ Board Decision-Making Process?" Journal of Risk and Financial Management. 17 (3). https://doi.org/10.3390/jrfm17030106
Article Title | Did Emotional Intelligence Traits Mitigate COVID-19 Uncertainty Effects on Financial Institutions’ Board Decision-Making Process? |
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ERA Journal ID | 213440 |
Article Category | Article |
Authors | Hall, Jessica, Jones, Gregory, Beattie, Claire and Sands, John |
Journal Title | Journal of Risk and Financial Management |
Journal Citation | 17 (3) |
Article Number | 106 |
Number of Pages | 13 |
Year | 2024 |
Publisher | MDPI AG |
Place of Publication | Switzerland |
ISSN | 1911-8066 |
1911-8074 | |
Digital Object Identifier (DOI) | https://doi.org/10.3390/jrfm17030106 |
Web Address (URL) | https://www.mdpi.com/1911-8074/17/3/106 |
Abstract | This study uses a qualitative research mixed methods design to explore the Coronavirus pandemic’s uncertainty effect on mature board governance practices and a board decision processes framework within 16 large Australian financial services entities. Findings provide support for two effects. Firstly, the Coronavirus pandemic had led to a hesitation effect on the board members on-going journey of developing a conscious sense of ‘self’ and awareness. Secondly, the skills and diversity of personalities of directors comprising the board has a positive impact on the effectiveness and success of strategic decisions. The ongoing ambiguity impact of the Coronavirus pandemic on effective board decision-making processes was investigated. The board members expressed confidence in the Australian financial services sector’s ability to overcome the global Coronavirus pandemic’s temporary uncertainty impact on board decision processes frameworks. Future research may extend the focus to senior executives’ or owners’ EI personality traits to investigate the relationship between such individual’s or teams’ traits and ongoing effective board decision-making processes during uncertainty in either developing or developed countries or a cross-cultural study. |
Keywords | bank board; effectiveness; decision processes; bank board; bank director; COVID-19 |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 350701. Corporate governance |
Byline Affiliations | AustralianSuper, Australia |
School of Business | |
Lincoln University, New Zealand |
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https://research.usq.edu.au/item/z84xy/did-emotional-intelligence-traits-mitigate-covid-19-uncertainty-effects-on-financial-institutions-board-decision-making-process
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