Dark Triad Personality Traits and Selective Hedging

Matthias Pelster (), Annette Hofmann (), Nina Klocke and Sonja Warkulat
Additional contact information
Matthias Pelster: Paderborn University
Annette Hofmann: St. John’s University
Nina Klocke: Paderborn University
Sonja Warkulat: Paderborn University

Journal of Business Ethics, 2023, vol. 182, issue 1, No 15, 286 pages

Abstract: 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: Managers; Personality traits; Corporate risk management; Selective hedging (search for similar items in EconPapers)
JEL-codes: G30 G34 G39 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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DOI: 10.1007/s10551-021-04985-z

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