Corporate governance and social norms during financial crisis: evidence from France and Saudi Arabia

The resistance to financial crisis and compliance with social norms and effectiveness of corporate governance mechanisms is considered recently as a good matter of concern. Focusing on differences between French and Saudi firms, we examine the effect of (1) board of directors, (2) audit committee, (3) compliance with Corporate Social Responsibility activities, (4) compliance with Shariah principles on financial volatility during subprime crisis of 2007. We find that larger boards, larger audit committees, independent members on boards and audit committees are related negatively to financial volatility. The result supports corporate governance theory which suggests that corporate governance variables outlined provide effective of monitoring of the management thereby enhancing firm’s resistance to financial crisis. In addition, we find that compliance with CSR alone does not explain the financial volatility. Its concert with corporate governance variables is necessary. This result supports stakeholder theory which argues that companies compliant with CSR activities in their business strategy and have larger boards and audit committees, and independent directors on boards and audit committees resist more financial downturns and any economic shock. Furthermore, we find that compliance with Shariah norms plays a significant role in protecting shareholder interests, improving functioning of corporate governance mechanisms and affect positively the resistance of Saudi firms to financial crisis.     

Uncertainty Analysis in Fault Tree Models with Dependent Basic Events

In general, two types of dependence need to be considered when estimating the probability of the top event (TE) of a fault tree (FT): “objective” dependence between the (random) occurrences of different basic events (BEs) in the FT and “state‐of‐knowledge” (epistemic) dependence between estimates of the epistemically uncertain probabilities of some BEs of the FT model. In this article, we study the effects on the TE probability of objective and epistemic dependences. The well‐known Frèchet bounds and the distribution envelope determination (DEnv) method are used to model all kinds of (possibly unknown) objective and epistemic dependences, respectively. For exemplification, the analyses are carried out on a FT with six BEs. Results show that both types of dependence significantly affect the TE probability; however, the effects of epistemic dependence are likely to be overwhelmed by those of objective dependence (if present).     

Zur Aktualität des Kompetenzbegriffs und zur Bedeutung der Kompetenz-entwicklung für das Coaching

The popular use of the term “competence” and the significance of competence development in coachingThe term “competence” is frequently used by employers, employees, trainers and authors alike, though in many cases the concept behind this term might differ considerably. But what does competence really mean, how does competence differ from other concepts like qualification, ability and skill and what is essential in developing competencies? If competence is seen as a disposition of self-organization, it helps people to solve unknown and difficult requirements based on their knowledge. The basic aim of coaching is the development of job-related competencies. Particularly social and personal competencies can be highly improved and enlarged by coaching. Thereby the coach takes the role of a consultant, who assists the coachees during their learning process and supports them with appropriate methods and tools.     

Unsicherheiten im Beratungsdiskurs

Uncertainties in discourses of consulting. Why consultees need philosophy — pragmatism for exampleThe author demonstrates, in which way the pragmatism, particularly the philosophy of John Dewey with his aspects of epistemology, theory of acting, theory of learning, theory of democracy and ethics, can help, how people in organisations can learn to act intelligently and successfully in processes of consulting, although just today uncertainties are wide-spread.     

European cultures and management styles

After the establishment of the Common Market in Europe, many companies from abroad opted for a single European headquarters and searched for European managers. That leads to the question whether one can really speak of a common European management style. The article at hand examines this issue. To do this, the legal framework and Corporate Governance background of individual European countries are assessed. Furthermore, cultural differences in Europe are considered. Referring to studies of cultural dimensions in European countries, the authors propose five different cultural areas in Europe. This leads to a concluding discussion of management styles in these regions.     

From Linear to Semidefinite Programming: An Algorithm to Obtain Semidefinite Relaxations for Bivalent Quadratic Problems

In this paper, we present a simple algorithm to obtain mechanically SDP relaxations for any quadratic or linear program with bivalent variables, starting from an existing linear relaxation of the considered combinatorial problem. A significant advantage of our approach is that we obtain an improvement on the linear relaxation we start from. Moreover, we can take into account all the existing theoretical and practical experience accumulated in the linear approach. After presenting the rules to treat each type of constraint, we describe our algorithm, and then apply it to obtain semidefinite relaxations for three classical combinatorial problems: the K-CLUSTER problem, the Quadratic Assignment Problem, and the Constrained-Memory Allocation Problem. We show that we obtain better SDP relaxations than the previous ones, and we report computational experiments for the three problems.     

The Gatekeeping Function of Trust in Cross‐sector Social Partnerships

Hunger and deprivation, lack of education, sanitation, and health care are only a few pressing issues related to poverty in developing countries. Addressing such complex social issues requires pooling complementary resources of the civil, public, and private sector. Over the last decade, stakeholders tried to cocreate innovative solutions in cross‐sector social partnerships (CSSPs) at the base of the economic pyramid (BoP), but collaboration proved to be very challenging. Practitioners become increasingly frustrated with operational differences, intransparency, and mismatched goals in partnerships. This study unravels the black box of collaboration and delivers empirical insights on trust and power in CSSPs based on social exchange theory. Structural equation modeling (SEM) enables us explore relationships beyond case‐based insights. Our rigorous empirical analysis covers 207 interorganizational relationships and outlines a crucial gatekeeping function of trust in CSSPs. Findings provide strong empirical support for conceptual works calling for an “integrative orientation” in CSSPs. Furthermore, we pinpoint the role of intermediates and draw implications for future research.     

Praxis des organisationsinternen Coachings

The article describes five different types of internal coaching programs. Specific attention is paid to the underlying concepts as well as to risks and chances regarding the impact on organizational development. The typical differentiating criteria of the different models and aspects for analysis and design of an internal coaching program are summarized at the end.     

Interpretative Phenomenological Analysis of Soldiers’ Experiences of Being Married and Serving in the British Army

ABSTRACT

Research suggests certain aspects of military life, especially operational deployments, may negatively impact military marriages. However, much of this research is from the United States and uses deductive quantitative methods. Qualitative research investigating the lived experiences of forming and maintaining marriages was conducted with six male U.K. Army personnel. Semistructured interviews were analyzed, using Interpretative Phenomenological Analysis, identifying five themes, each representing different dilemmas the soldiers’ had to balance to maintain successful marriages and Army careers. These five themes are best understood as practical, emotional, and cultural dilemmas that can be alleviated with practical and emotional methods; such factors could be used to build resilience in soldier’s marriages. These possible resilience factors could shape the content of interventions to increase resiliency in military marriages.     

Relationship Difficulties Among U.K. Military Personnel: Impact of Sociodemographic,Military, and Deployment-Related Factors

Military work, especially operational deployments, may impact the romantic relationships of military personnel. Using a subsample of 7,581 participants from a cohort study of U.K. military personnel (data collected between 2007 and 2009), the prevalence of relationship difficulties and associations with sociodemographic, military-, and deployment-related characteristics was examined. Most participants did not report experiencing relationship difficulties. Adjusted regression analyses indicate that childhood adversity, limited support for and from partners, being in unmarried relationships, financial problems, deploying for more than 13 months in 3 years, and work being above trade, ability, and experience were key factors associated with relationship difficulties. The likelihood of U.K. military personnel experiencing relationship difficulties is increased because of personal vulnerabilities that may be exacerbated in the military context.