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dc.contributor.authorWisniewski, Tomasz Piotr
dc.contributor.authorYekini, Liafisu Sina
dc.contributor.authorOmar, Ayman
dc.date.accessioned2019-10-23T08:06:25Z
dc.date.available2019-10-23T08:06:25Z
dc.date.issued2019-10-07
dc.identifier.citationWisniewski, T.P., Yekini, L. and Omar, A., (2019). 'Psychopathic Traits of Corporate Leadership as Predictors of Future Stock Returns'. European Financial Management, pp, 1-47. DOI: 10.1111/eufm.12244.en_US
dc.identifier.issn13547798
dc.identifier.doi10.2139/ssrn.2984999
dc.identifier.urihttp://hdl.handle.net/10545/624224
dc.description.abstractThis paper examines whether it is possible to forecast one-year-ahead returns of individual companies based on the observed ‘psychopathic’ characteristics of their top management team. We find that language characteristic of psychopaths present in annual report narratives, questionable integrity, excessive risk-taking and failure to contribute to charitable undertakings tend to reduce future shareholder wealth. These findings imply that firms could benefit from incorporating psychological evaluation in their recruitment processes, especially when seeking to fill senior management posts. While the return predictability described in this paper supports the upper echelons perspective, it simultaneously challenges the notion of informationally efficient stock prices.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.urlhttp://oro.open.ac.uk/57126/en_US
dc.relation.urlhttps://onlinelibrary.wiley.com/doi/pdf/10.1111/eufm.12244en_US
dc.subjectcorporate psychopathsen_US
dc.subjectstock market returnsen_US
dc.subjectshareholders wealthen_US
dc.subjectbehavioural financeen_US
dc.titlePsychopathic traits of corporate leadership as predictors of future stock returnsen_US
dc.typeArticleen_US
dc.identifier.eissn1468036X
dc.contributor.departmentCoventry Universityen_US
dc.identifier.journalEuropean Financial Managementen_US
dc.source.journaltitleSSRN Electronic Journal
dcterms.dateAccepted2018-10-29
dc.author.detail786771en_US


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