Financial Crisis in Management Stress: From the Perspective of Crisis Anxiety of Others

Abstract

The crisis anxiety of others is a phenomenon that goes hand in hand with the spread of the occupational health pandemic. It is becoming increasingly important to better understand its emergence process, especially in the era of greater uncertainty. This study aims to examine the impact of the external financial crisis on managerial stress among financial employees. The sample consists of 347 senior managers and financial employees from companies in China. The empirical analysis shows that external financial crises have significant effects on anxiety levels, especially external corporate crisis, debt crisis and growth crisis both have mediating effect on the relationship between anxiety level and pressure management and the relationship between external financial crisis and pressure management. This study explores the rules for the emergence of anxiety among corporate managers and expands the scope of environmental factors that need to be discussed in the study of corporate financial management. This study provides theoretical implications for the psychological study of Financial Management and practical implications for corporate financial management.

Bank Crisis Management Strategies for Leveraging Effective Performance of the Barbados’ Banking Institutions in Times of Crisis

“…Though the notion of crisis management only became prominent among banks during the Covid-19 pandemic, the overall concept of crisis management which is used in the modern organisations emerged from a set of responses that were adopted by the businesses to mitigate the devastating effects of large-scale industrial and environmental disasters that occurred in the 1980s (Liu et al, 2022).…”

“…If the crisis is not arising from protracted trade union activities, then, it can emanate from leadership crisis arising from employees' strikes and dissatisfactions with the present leadership, leaders' failure to address a particular organisational challenge or the sudden resignation of a leader that causes a leadership vacuum and crisis (Liu et al, 2022).…”