Dark Triad Personality Traits and Selective Hedging
Open Access
- 9 November 2021
- journal article
- research article
- Published by Springer Nature in Journal of Business Ethics
- Vol. 182 (1) , 261-286
Abstract
We study the relationship between risk managers’ dark triad personality traits (Machiavellianism, narcissism, and psychopathy) and their selective hedging activities. Using a primary survey of 412 professional risk managers, we find that managers with dark personality traits are more likely to engage in selective hedging than those without. This effect is particularly pronounced for older, male, and less experienced risk managers. The effect is also stronger in smaller firms, less centralized risk management departments, and family-owned firms.Keywords
Funding Information
- Frankfurter Institut für Risikomanagement und Regulierung
- Universität Paderborn
This publication has 97 references indexed in Scilit:
- Successful Psychopaths: Are They Unethical Decision-Makers and Why?Journal of Business Ethics, 2011
- More than Money: The Effects of Social Status and Narcissism on Manager Reporting Behavior*SSRN Electronic Journal, 2008
- Are Firms Successful at Selective Hedging?*The Journal of Business, 2006
- Hedging or Market Timing? Selecting the Interest Rate Exposure of Corporate DebtThe Journal of Finance, 2005
- The Dark Triad of personality: Narcissism, Machiavellianism, and psychopathyJournal of Research in Personality, 2002
- Using the Machiavellianism instrument to predict trustworthiness in a bargaining gameJournal of Economic Psychology, 2002
- RISK MANAGEMENT FOR MIDDLE MARKET COMPANIESJournal of Applied Corporate Finance, 2000
- The Relation between Two Types of Narcissism and BoredomJournal of Research in Personality, 1997
- Some heteroskedasticity-consistent covariance matrix estimators with improved finite sample propertiesJournal of Econometrics, 1985
- Machiavellianism and Decisions Involving RiskBritish Journal of Social and Clinical Psychology, 1966