European Journal of Economics, Finance and Administrative Sciences

Issue 111
Jan, 2022

Cash Strategies and Women on Corporate Boards. Do marital status and age really matter?

Silvia Bacci, Alessandro Cirillo, Donata Mussolino and Simone Terzani

Understanding the impact of women directors on corporate outcomes ranks as a priority on academics and practitioners’ agenda. Structural gender differences lead to unique behaviors that affect firms’ financial decisions. Relying on the precautionary rationale and the behavioral decision-making frameworks, this study aims to analyze the impact of women directors on excess cash. The focus is on the characteristics of female members of the board of directors as substantial determinants of the strategic decision of whether to hold or not cash exceeding the structural needs for operations and investments.
The analysis is carried out using an unbalanced panel sample of 176 listed Italian firms over a six-year period, from 2008 to 2013. This study shows that the presence of female directors positively impacts on excess cash. Going further, the moderating role of marital status and age is scrutinized. Findings indicate that the baseline relationship is strengthened when women directors are married or older.
This research contributes to existing literature in two ways: by casting new light on the impact of board composition on firms’ strategic decisions in terms of precautionary maintenance of excess cash and by enhancing existing knowledge of gender theories.
Keywords: Keywords: Women on board; Marital status; Age; Cash strategies; Risk preferences
JEL Classifications: M10, M14, G30, G32

Emotional Intelligence and its impact on the Development of Human Resources Management in Organizations

Ghada Kalakesh and Ahmad El Zein

Emotional Intelligence plays an important role in helping both managers and employees to cope with the dynamic changes in the business environment. Organizations must coach their employees to develop their interpersonal skills in order to perform effectively on the job, and to better communicate with other employees in the organization. The application of emotional intelligence in organizations includes areas like personnel selection, development of employees, teams and organizational development. This study aims at exploring the impact of emotional intelligence on the development of Human Resources in various organizations. Primary data was collected from 5 Major local and international organizations in Lebanon, and SPSS 25 was used , in addition to Pearson correlation and Anova tests , where findings showed that emotional intelligence in the workplace impacts significantly the development of Human Resources in organizations.
Keywords: Emotional Intelligence, Emotional Intelligence in the workplace, Human Resources Development.

For the Strengthening of the Influencing Strategy of the Armed Forces School of Zambakro, in Ivory Coast
Pour Le Renforcement De La Strategie D’influence De L’ecole Des Forces Armees De Zambakro, En Côte D’ivoire

KOFFI Yeboa Alexis, KOKO Kouadio Baudouin and NIAMIEN Oi Niamien Honoré

The military academy of Zambakro is one of the first institutions in military training in Africa. It has trained many officers. Despite the successive crises in Côte d'Ivoire, it has been able to maintain its training program and continues to receive international trainees. Faced with the opening of new schools in the sub-region, it is in competition with those new schools, which also offer quality training. In the West African sub-region, its direct challenger is the National Academy for Active Officers of Senegal. To strengthen its influence, EFA must put in place a coherent system of influence. It must build a powerful network and have a lobbying mechanism that allows it to influence decisions and strategic orientations that may impact it. It must also strengthen its communication policy, improve the living environment and strengthen its infrastructure and equipment. It must also put in place incentive mechanisms for the motivation of supervisory and support staff.
Keywords : Influence, network, lobbying, infrastructure, communication