Profiling the heroic leader: Empirical lessons from combat-decorated veterans of World War II

Wansink, Brian; Payne, Collin R.; Ittersum, Koert van

doi:10.1016/j.leaqua.2008.07.010

Cited by 69 publications

(26 citation statements)

References 19 publications

(18 reference statements)

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“…Berkowitz and Lepage (1967) find that weapons are “aggression‐eliciting stimuli,” and Killgore et al (2008) show that combat exposure increases risky behavior upon returning from deployment. Wansink, Payne, and van Ittersum (2008) provide evidence of higher risk‐taking propensity among World War II veterans. Elder (1986), Elder and Clipp (1989), and Elder, Gimbel, and Ivie (1991) argue that the skills learned from combat make individuals more convinced that they can handle stressful and risky situations, resulting in less risk aversion and higher assertiveness.…”

mentioning

confidence: 85%

Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies

Malmendier¹,

Tate²,

Yan

2011

The Journal of Finance

1,367

782

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We show that measurable managerial characteristics have significant explanatory power for corporate financing decisions. First, managers who believe that their firm is undervalued view external financing as overpriced, especially equity financing. Such overconfident managers use less external finance and, conditional on accessing external capital, issue less equity than their peers. Second, CEOs who grew up during the Great Depression are averse to debt and lean excessively on internal finance. Third, CEOs with military experience pursue more aggressive policies, including heightened leverage.Complementary measures of CEO traits based on press portrayals confirm the results.

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confidence: 85%

Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies

Malmendier¹,

Tate²,

Yan

2011

The Journal of Finance

1,367

782

View full text Add to dashboard Cite

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“…The term adventurous may be defined as possessing a positive attitude at the prospect of an unusual, exciting, or possibly dangerous activity and is closely associated with risk-taking (Wansink, Payne, & van Ittersum, 2008). Six of the infor-S100 FISHER, HUTCHINGS, SARROS mants referred to their tour in Vietnam as "fun" or "adventurous, and one soldier spoke eloquently of the overriding excitement of being in a war zone: … when the doors opened at Tan Son Nhut, we first got the smell of a country at war.…”

Section: Adventurous/risk-takingmentioning

confidence: 99%

The “Bright” and “Shadow” Aspects of In Extremis Leadership

Fisher

Hutchings

Sarros

2010

Military Psychology

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“…There is some evidence that high sensation seekers e who are prone to engage in a range of risky behaviors (Zuckerman, 2007) e may be particularly well-suited to enduring the stresses and hardships associated with deployment. Military personnel who are higher in risk-taking are more likely to receive medals for heroism (Neria et al, 2000;Wansink et al, 2008) and are perceived by their peers as being more effective in combat (Himmelstein and Blaskovics, 1960). In a sample of former prisoners of war, Solomon et al (1995) found that high sensation seekers, relative to low sensation seekers, exhibited more adaptive coping strategies during captivity, displayed fewer feelings of helplessness and loss of control, and had better psychological outcomes two decades later.…”

Section: Discussionmentioning

confidence: 99%

Effects of combat deployment on risky and self-destructive behavior among active duty military personnel

Thomsen

Stander

McWhorter

et al. 2011

Journal of Psychiatric Research

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Rabenhorst, Mandy M.; and Milner, Joel S., "Effects of combat deployment on risky and self-destructive behavior among active duty military personnel" (2011 a b s t r a c tAlthough research has documented negative effects of combat deployment on mental health, few studies have examined whether deployment increases risky or self-destructive behavior. The present study addressed this issue. In addition, we examined whether deployment effects on risky behavior varied depending on history of pre-deployment risky behavior, and assessed whether psychiatric conditions mediated effects of deployment on risky behavior. In an anonymous survey, active duty members of the U.S. Marine Corps and U.S. Navy (N ¼ 2116) described their deployment experiences and their participation in risky recreational activities, unprotected sex, illegal drug use, self-injurious behavior, and suicide attempts during three time frames (civilian, military pre-deployment, and military postdeployment). Respondents also reported whether they had problems with depression, anxiety, or PTSD during the same three time frames. Results revealed that risky behavior was much more common in civilian than in military life, with personnel who had not deployed, compared to those who had deployed, reporting more risky behavior and more psychiatric problems as civilians. For the current time period, in contrast, personnel who had deployed (versus never deployed) were significantly more likely to report both risky behavior and psychiatric problems. Importantly, deployment was associated with increases in risky behavior only for personnel with a pre-deployment history of engaging in risky behavior. Although psychiatric conditions were associated with higher levels of risky behavior, psychiatric problems did not mediate associations between deployment and risky behavior. Implications for understanding effects of combat deployment on active duty personnel and directions for future research are discussed.Published by Elsevier Ltd.

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Profiling the heroic leader: Empirical lessons from combat-decorated veterans of World War II

Cited by 69 publications

References 19 publications

Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies

Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies

The “Bright” and “Shadow” Aspects of In Extremis Leadership

Effects of combat deployment on risky and self-destructive behavior among active duty military personnel

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