Too Negative to Take Risks? The Effect of the CEO's Emotional Traits on Firm Risk

Except for some recent survey and experimental studies, strategic management research has tended to neglect the influence of emotions on managers' strategic choices. This paper analyses the influence of the stable, long‐term emotional traits of CEOs on an actual business outcome: risk taking. The hypotheses are tested on a sample of 51 Spanish banks and savings banks. Our results show that CEO affective traits influence banks' risk taking. Specifically, our analyses show that managers' negative affective traits are related to lower risk taking as reflected in a lower variability in performance, a lower level of credit risk and a less risky composition of the loan portfolios of the banks they manage. Positive affective traits do not seem to influence the level of risk. These findings partially support ‘affect congruency and generalization’ arguments, and show the need to consider the role of affects when analysing CEOs' strategic choices.     

About the Authors

Journal of Management and Governance -     

Women's strategies in Dutch philanthropy

Dutch women have historically been philanthropists, with an emphasis on the giving of time. This article describes several strategies in which Dutch women have used philanthropy in different periods of time and in different social situations to widen their scope of action for themselves. The giving of time was partly related to the burgher ideal of domestic family culture, in which women were not supposed to join the labour force but instead become caring mothers and spick-and-span housewives. Another factor was the relative prosperity of the nation: the income of the male breadwinner was enough to support the whole household. To maintain social contacts and to gain prestige without abrogating social, religious and community norms, married women turned to philanthropic and volunteer organisations, especially in social services, welfare and health care. Many of them found a life-time occupation in volunteering. They created a parallel power structure in the public sphere. More recently, giving of time has become a means of gaining work experience. Volunteering has become an instrument to accomplish women's liberation, by building women's organisations, and interest and self-help groups.     

Negotiating postcolonial Eurasian identities and national belonging in global-city Singapore

ABSTRACT

A racial classification regime, partly derived from colonial race categories that solidified during the British Empire, remains a key governance strategy in postcolonial Singapore, sorting citizens into the categories of Chinese, Malay, Indian or Other (CMIO). This racial grid continues to be a simplification of the actual complexity of lived identities and experiences, particularly for people of mixed descent. In this context, we explore the contemporary meanings and resonances of racial identity and national belonging as negotiated among members of a historic mixed-descent community – the Eurasians – in the context of a nation-state built on an institutionally fixed racial template. As a community, Eurasians are commonly attributed to the presence and mixing of especially Dutch, Portuguese and British – but also other Europeans – with an equally variegated palette of Asian cultures, since the 16th century. Based on 30 biographical interviews with self- identified Eurasians of two generations, this paper examines how individual and collective narratives of ‘old’ hybrid identities are changing in relation to the emergence of potentially new hierarchies of racial belonging with the arrival of new migration and the rise of international marriage in globalizing times. Given the lived reality of an expanding range of ‘race’ identities of different permutations and combinations, the politics of choice is played out between countervailing forces which draw racialized boundaries around the community more tightly on the one hand, and liberalize claims to racial and national belonging on the basis of self-identification on the other.     

Spatially Specific Changes in Infants' Muscle Coactivity as They Learn to Reach

Infants first reach out and touch objects between the ages of 3 and 5 months. This article reports changes in muscle coactivity associated with this transition. A group of 4 infants were observed weekly from 3 to 30 weeks and every 2 weeks from 30 to 52 weeks. Hand kinematics of both prereaching and reaching movements were collected, as was electromyographic activity from the trapezius, deltoid, biceps, and triceps. Before infants first reached for toys presented at midline, they used biceps and triceps to move their hands near the toy in front of them and 45° to the side of midline. After the transition, they used trapezius and deltoid to move the hand toward the toy and combinations of multiple muscles when their arms were high and extended near the toy. Thus, infants showed a dramatic change in which muscles worked together across the transition to reaching, even though their hands moved in similar spatial regions.     

Hospital restructuring stressors,work—family concerns and psychological well-being among nursing staff

This study examined relationships between hospital restructuring and downsizing stressors, work-family and family-work conflict, job and family satisfaction and psychological well-being. Data were collected from 686 hospital-based nurses, the vast majority women, using anonymous questionnaires. Two research models hypothesizing both direct and indirect effects among these variables were tested using LISREL. Considerable support was found for these models. Restructuring and downsizing stressors had significant relationships with work-family conflict but not family-work conflict. Work-family conflict and family-work conflict, in turn, had significant relationships with psychological health. These results indicate that those responsible for the implementation of organizational restructuring and downsizing must be sensitive to the larger family and community effects of these initiatives. Fortunately, a growing body of literature on best practice provides considerable guidance on how to more effectively plan and manage these transitions. Este estudio examina relaciones entre estresores relacionados a la reestructuracion y la reduccion de hospitales, el conflicto trabajo-familia y el conflicto familia-trabajo, la satisfaccion laboral y familiar, y el bienestar sicologico. Utilizando cuestionarios anonimos, se recopilaron datos de 686 enfermeros, la gran mayoria de ellos mujeres, con base en hospitales, Se utilizo LISREL para poner a prueba dos modelos de investigacion que plantearon como hipotesis efectos directos e indirectos entre estas variables. Se encontro considerable apoyo para estos modelos. Los estresores, reestructuracion y reduccion, se relacionaron significamente con el conflicto trabajo-familia pero no con el conflicto familia-trbajo. A su vez, el conflicto trabajo-familia y el conflicto familia-trabajo se relacionaron significamente con el bienestar sicologico. Estos resultados indican que los responsables de la implementacion de la reestructuracion y reduccion organizativas deben estar muy conscientes de los efectos familiares y comunitarias de estas iniciativas. Afortunadamente, una literatura cada vez mayor sobre la mejor practica nos proporciona consejos importantes sobre como mejor planificar y dirigir estas transiciones.     

The Division of Labor Across the Transition to Parenthood: A Justice Perspective

In a three‐wave longitudinal survey among 293 couples, we studied the determinants of husbands' and wives' fairness judgments regarding the division of labor across the transition to parenthood. We tested predictions derived from the distributive justice framework that perceptions of fairness regarding the division of labor are affected by (a) wants and values, (b) social comparisons, and (c) procedural justice. The model was supported for wives at all waves. For husbands, wants and values and social comparisons were the main predictors of fairness perceptions. In general, the model was consistently supported across the transition to parenthood. Support was also found for the long‐term influence of the variables in the model on husbands' and wives' perceptions of fairness across the transition to parenthood.     

The Family Economic Strain Scale: Development and Evaluation of the Instrument with Single- and Two-Parent Families

The purpose of this study is to develop an instrument to measure economic strain in single-parent and two-parent families. The Family Economic Strain Scale (FESS) originally contains 25 items. Thirteen items is adapted from previous research and 12 are developed for the study. The FESS is pilot tested using data from a sample of 59 single-mother, 12 single-father, and 164 two-parent families. Factor analysis reveals that the instrument contained one 13-itein dimension that is highly reliable (.92). The construct validity of the measure is evaluated using three hypotheses and data from a second study involving 30 single-mother, 30 single-father, and 30 two-parent families. ANOVA and standard multiple regression are used for the analyses. All three hypotheses are supported and variance accounted for is substantial. The FESS is a highly reliable and valid instrument that will be of value to researchers examining perceived economic strain in single-parent and two-parent families.