Initiating Negotiations: The Role of Machiavellianism, Risk Propensity, and Bargaining Power

Ilias Kapoutsis (), Roger J. Volkema () and Andreas G. Nikolopoulos ()
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Ilias Kapoutsis: Athens University of Economics and Business
Roger J. Volkema: American University and IAG/PUC-Rio de Janeiro
Andreas G. Nikolopoulos: Athens University of Economics and Business

Group Decision and Negotiation, 2013, vol. 22, issue 6, No 4, 1101 pages

Abstract: Abstract Initiation is an often-overlooked yet essential stage of the negotiation process. This study examined the effects of two measures of personality—Machiavellianism and risk propensity—and relative bargaining power (as based on multiple situational factors) on three phases of the initiation process—engaging a counterpart, making a request, and optimizing the request. Using a multi-scenario approach, one hundred fifteen participants indicated their initiation preferences for three distinct negotiations. The results of repeated measures ANOVAs indicate that bargaining power influences an individual’s decision to initiate negotiations. In addition, those high in Machiavellianism choose to initiate negotiations even when relative bargaining power is low, whereas those high in risk propensity tend to optimize their requests. The implications of these findings for practitioners and future research are discussed.

Keywords: Negotiation; Initiation behavior; Machiavellianism; Risk propensity; Bargaining power (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s10726-012-9306-6

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