Dark Triad Personality Traits and Selective Hedging
基于412名专业风险管理者的调查，发现具有黑暗三人格特质（马基雅维利主义、自恋、精神病态）的经理更倾向于进行选择性套期保值，且该效应在年长、男性、经验不足的经理以及小型企业、非集中化风控部门和家族企业中更为显著。
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.