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Initiating Negotiations: The Role of Machiavellianism, Risk Propensity, and Bargaining Power

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  • Ilias Kapoutsis

    (Athens University of Economics and Business)

  • Roger J. Volkema

    (American University and IAG/PUC-Rio de Janeiro)

  • Andreas G. Nikolopoulos

    (Athens University of Economics and Business)

Abstract

Initiation is an often-overlooked yet essential stage of the negotiation process. This study examined the effects of two measures of personality—Machiavellianism and risk propensity—and relative bargaining power (as based on multiple situational factors) on three phases of the initiation process—engaging a counterpart, making a request, and optimizing the request. Using a multi-scenario approach, one hundred fifteen participants indicated their initiation preferences for three distinct negotiations. The results of repeated measures ANOVAs indicate that bargaining power influences an individual’s decision to initiate negotiations. In addition, those high in Machiavellianism choose to initiate negotiations even when relative bargaining power is low, whereas those high in risk propensity tend to optimize their requests. The implications of these findings for practitioners and future research are discussed.

Suggested Citation

  • Ilias Kapoutsis & Roger J. Volkema & Andreas G. Nikolopoulos, 2013. "Initiating Negotiations: The Role of Machiavellianism, Risk Propensity, and Bargaining Power," Group Decision and Negotiation, Springer, vol. 22(6), pages 1081-1101, November.
    • Handle: RePEc:spr:grdene:v:22:y:2013:i:6:d:10.1007_s10726-012-9306-6
    DOI: 10.1007/s10726-012-9306-6
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    References listed on IDEAS

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    1. Adriana ZAIT, 2016. "Conceptualization And Operationalisation Of Specific Variables In Exploratory Researches €“ An Example For Business Negotiation," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 63(1), pages 125-131, March.
    2. Vassallo, Jarrod P. & Banerjee, Sourindra & Zaman, Hasanuzzaman & Prabhu, Jaideep C., 2023. "Design thinking and public sector innovation: The divergent effects of risk-taking, cognitive empathy and emotional empathy on individual performance," Research Policy, Elsevier, vol. 52(6).
    3. Zait Adriana, 2016. "Conceptualization and Operationalisation of Specific Variables in Exploratory Researches – An Example for Business Negotiation," Scientific Annals of Economics and Business, Sciendo, vol. 63(1), pages 117-123, March.
    4. James Cunningham & Alistair R. Anderson, 2018. "Inspired or Foolhardy: Sensemaking, Confidence and Entrepreneurs’ Decision-Making," Group Decision and Negotiation, Springer, vol. 27(3), pages 393-415, June.
    5. Sabina Ramona Trif & Petru Lucian Curșeu & Oana Cătălina Fodor, 2023. "Individual Versus Group Negotiation in Multiparty Systems: The Effect of Power and Goal Difficulty on Negotiation Outcomes in a Potential Gain Task," Group Decision and Negotiation, Springer, vol. 32(1), pages 209-232, February.

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