Bank executives with negative emotions take fewer risks

LONDON: Executives with negative emotions tend to take fewer risks, a study based on a survey of managing directors and general directors of Spanish banks has found.

The study had a response rate of 48.3 percent and comprised questions bearing on emotional traits and demographic characteristics of the executives, reports the British Journal of Management.

The study was conducted by Juan Bautista Delgado García, researcher at Universidad de Burgos, Spain.

"The higher the educational degree, the greater the level of risk assumed by the bank they (directors) manage," said Garcia, according to a university release.

The investigation also compares the connection between business risk and previous experience in the banking sector, educational level, experience of executives in a risk area and their participation in property.