The impact of personality phases of managers of mutual funds on smart money by considering the moderating role of manager's financial intelligence

Subject Areas : Journal of Investment Knowledge

bahareh heidari moghadam ¹ , mirfeiz fallahshams ² , gholamreza Zomorodian ³

1 - Phd Student. Department of Financial Management. Islamic Azad University, Central Tehran Branch. Tehran, Iran.
2 - Department of Financial Management. Islamic Azad University, Central Tehran Branch. Tehran, Iran
3 - Islamic Azad University, Central Tehran Branch. Tehran, Iran

Received: 2022-02-10 Accepted : 2022-09-20 Published : 2024-06-21

Keywords: personality phases, Mutual Funds, smart money, financial intelligence,

Abstract :

This study is aimed to investigate the effect of the 5 personality phases of managers of mutual funds in dealing with smart money by using the structural equation model. Meanwhile, managers' financial intelligence has also been examined as a moderating variable. This survey is carried out by collecting statistics from all mutual funds. This analysis was carried out in 1399 and all data have been collected from mutual funds during that time. Five studied phases of personality are: Hypomania, Psychopathic Deviate, Psychasthenia, Paranoia, Depression.The results show that out of the five personality phases studied, four of them have a significant relationship with smart money and there is no significant relationship between only one personality phase and smart money. Also, the moderating role of financial intelligence was accepted only concerning one type of personality phase( Hypomania,) and concerning the other four personality phases(Psychopathic Deviate, Psychasthenia , Paranoia, Depression), the effect of the moderating variable was not confirmed.

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