Personality Traits, Private Equity, and Merger Analysis

As human beings, corporate executives’ emotional needs and personality traits can affect their market conduct. Economics and psychology experiments have shown that many people behave in ethical and cooperative ways rather than in the purely self-interest predicted by game theory models. Other people have “darker” personality traits that favor conduct that is solely self-interested and constrained only by the risk of legal consequences.  C-Suite incentives also can lead to moral disengagem