Dark triad personality traits and selective hedging

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 engag...

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Bibliographic Details
Authors: Pelster, Matthias (Author) ; Hofmann, Annette 1977- (Author) ; Klocke, Nina (Author) ; Warkulat, Sonja (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2023
In: Journal of business ethics
Year: 2023, Volume: 182, Issue: 1, Pages: 261-286
Further subjects:B Corporate risk management
B G30
B Managers
B Selective hedging
B Personality traits
B Aufsatz in Zeitschrift
B G34
B G39
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Summary: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.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-021-04985-z