Investigating the effect of managers' emotional and spiritual intelligence on the concurrence of stock prices and stock returns

Subject Areas : Financial Economics

Mehdi Haj Ebrahimi ¹ , Hossein Shafii ² , Abbas Sheybani Tezerji ³

1 - Department of Accounting, Zahedan Branch, Islamic Azad University, Zahedan, Iran
2 - Department of Accounting, Sirjan Branch, Islamic Azad University, Sirjan, Iran
3 - Department of Accounting, Sirjan Branch, Islamic Azad University, Sirjan, Iran

Received: 2022-01-31 Accepted : 2022-03-15 Published : 2023-05-01

Keywords: Stock Returns, emotional intelligence, spiritual, Stock Price Synchronization,

Abstract :

Spiritual and emotional intelligence in the field of organizational behavior is very important for the performance of companies, concurrent with stock prices, and the expected return of investors. Managers with these two skills have a remarkable ability to create commitment in employees, strengthen the spirit of self-control in employees and eliminate weaknesses in the control of the company. Is their spirituality and affects the effectiveness of the company. Therefore, based on this argument, the present study examines the effect of managers' spiritual and emotional intelligence on the concurrence of stock prices and stock returns. For this purpose, King (2008) questionnaire and emotional intelligence based on Bar-On (2001) questionnaire were used to measure the spiritual intelligence of managers. The hypotheses were tested using the statistical method of regression analysis with composite data using the information of 60 companies listed on the Tehran Stock Exchange in 2019. The findings of the research hypothesis indicate that the emotional and spiritual intelligence of managers affects the concurrence of companies' stock prices. The results also include the effect of managers 'emotional and spiritual intelligence on companies' stock returns.

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