<p>The study links the personality traits of high flying executives with mergers and acquisitions. <br />It was co-authored by Stephen McKeon and Matthew Cain, assistant professors of finance at the Universities of Oregon and Notre Dame, respectively. <br /><br />"CEOs who seek thrills in their personal lives are more likely than others to be aggressive in their corporate policies," McKeon said. <br /><br />"They also tend to be effective leaders. If anything, these CEOs execute acquisitions that are more value-creating than those completed by other executives."<br /><br />McKeon and Cain compared 179 corporate executives who hold private pilots' licences to 2,900 non-pilot CEOs, according to an Oregon statement. <br /><br />The Sensation Seeking Scale, designed by psychologist Marvin Zuckerman and used in hundreds of psychological studies, identifies the desire to fly airplanes as a very high predictor of thrill and adventure-seeking traits.<br /><br />The authors identified these CEOs by searching the Federal Aviation Administration's (FAA) certification database and other public records. FAA manages air safety and air-traffic control in US.<br /><br />Their study suggests that managing a public corporation may serve as a creative release and draw out abilities that can be beneficial to the executives' firms.</p>
<p>The study links the personality traits of high flying executives with mergers and acquisitions. <br />It was co-authored by Stephen McKeon and Matthew Cain, assistant professors of finance at the Universities of Oregon and Notre Dame, respectively. <br /><br />"CEOs who seek thrills in their personal lives are more likely than others to be aggressive in their corporate policies," McKeon said. <br /><br />"They also tend to be effective leaders. If anything, these CEOs execute acquisitions that are more value-creating than those completed by other executives."<br /><br />McKeon and Cain compared 179 corporate executives who hold private pilots' licences to 2,900 non-pilot CEOs, according to an Oregon statement. <br /><br />The Sensation Seeking Scale, designed by psychologist Marvin Zuckerman and used in hundreds of psychological studies, identifies the desire to fly airplanes as a very high predictor of thrill and adventure-seeking traits.<br /><br />The authors identified these CEOs by searching the Federal Aviation Administration's (FAA) certification database and other public records. FAA manages air safety and air-traffic control in US.<br /><br />Their study suggests that managing a public corporation may serve as a creative release and draw out abilities that can be beneficial to the executives' firms.</p>