Artículo académico para ser publicado en la revista

Abstract

This research aims to evaluate the behavioral traits of financial managers to determine the variables that affect their participation in the stock market with debt prospects, analyzing whether this behavior is associated with rational variables or the principles of behavioral finance. We worked with data provided by a survey based on the model of the five major factors of personality, made to financial managers of companies in Quito and Guayaquil, extracted from the 2013 - 2014 ranking of the Superintendence of Companies, Securities and Insurance of Ecuador. The crossing of variables was used to identify if there is a relationship between personality factors and cognitive biases in decision making. The outcomes suggest that the variables such as sex, age, education and seniority in the company have implications in the financial decision making of financial practitioners