One out of every five chief executives is a psychopath who is consumed with playing a game of corporate accomplishment, as he takes inhumane pleasure in violating moral code to ensure his dominance and personal gain over others in the workplace. In fact, there are a growing number of “triadic...

Combining studies on CEO personality traits and real options theory, we propose that the firm’s strategic flexibility can be improved by CEO openness to experience but worsened by CEO conscientiousness and neuroticism. We construct the degree of strategic flexibility by exploring the firm’s...