Abstracts
Abstract
In recent decades, recurring global crises have stemmed from management shortcomings in various organizations, particularly within the financial sector (e.g., the 2000 stock market crash, 2011 UBS rogue trader scandal). Excessive risk-taking attitudes by traders and investment and risk managers are tied to these crises. Identifying high performance individuals who are also responsible from a societal stance is a challenge. In this paper, we tackle this issue by investigating the personality traits that characterize responsible and successful traders to improve personnel selection procedures with cross-cultural applicability. Our findings reveal that being conscientious and intelligent while at the same time being inclined to take financial risks, are significantly associated with responsible trading performance.
Keywords:
- traders,
- responsible trading,
- performance,
- personality traits,
- risk management
Résumé
Ces dernières décennies ont été le spectacle de crises globales récurrentes découlant d’un management préoccupant observé dans diverses entreprises, et en particulier dans le secteur financier (ex : krach boursier de 2000, fraude chez UBS en 2011). La prise de risque excessive des traders, investisseurs et risk managers est liée à ces crises. Identifier les preneurs de décision à la fois hautement performants et responsables d’un point de vue sociétal constitue un réel défi. Ce papier aborde cette problématique via une perspective cross-culturelle en examinant les traits de personnalité caractérisant les traders dans le but d’améliorer les procédures de recrutement. Les résultats ont démontré qu’être consciencieux, intelligent et avoir un appétit pour le risque sont associés à une performance responsable.
Mots-clés :
- traders,
- opération boursière responsable,
- performance,
- traits de personnalité,
- gestion des risques
Resumen
En las últimas décadas, las crisis mundiales recurrentes han tenido su origen en deficiencias de gestión en diversas organizaciones, en particular en el sector financiero (por ejemplo, el desplome bursátil de 2000, el escándalo de los “rogue traders” de UBS en 2011). Las actitudes excesivamente arriesgadas de los traders y gestores de inversiones y riesgos están relacionadas con estas crisis. Identificar a personas de alto rendimiento que también sean responsables desde el punto de vista social es un reto. En este artículo abordamos esta cuestión investigando los rasgos de personalidad que caracterizan a los traders sostenibles exitosos para mejorar los procedimientos de selección de personal con aplicabilidad transcultural. Nuestros resultados revelan que ser concienzudo e inteligente y, al mismo tiempo, estar inclinado a asumir riesgos financieros, están significativamente asociados con el rendimiento comercial responsable.
Palabras clave:
- traders,
- trading sostenible,
- rendimiento,
- rasgos de personalidad,
- gestión del riesgo
Appendices
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