Investigating the mediating role of factors affecting behavior (risk tolerance, self-confidence and strategic thinking) in the relationship between emotional intelligence and the quality of judgment and decision-making of investors.

Subject Areas : Journal of Investment Knowledge

zahra  mirzazadeh ¹ (PhD student, department of accounting, Damavand branch, Islamic Azad University, Damavand, Iran)
shohreh  yazdani ² (Assistant Professor, Department of Accounting, Damavand Branch, Islamic Azad University, Damavand, Iran)
mohammadhamed  Khanmohammadi ³ (Associate Professor, Department of Accounting, Damavand Branch, Islamic Azad University, Damavand, Iran)
Tahereh  Mahmoudian Dastnaee ⁴ (Assistant Professor, Department of Psychology, Behshahr Branch, Islamic Azad University, Behshahr, Iran)

Received: 2023-01-24 Accepted : 2023-02-28 Published : 2023-12-22

Keywords: Strategic Thinking, self-confidence, quality of judgment and decision-making, emotional intelligence, Risk-taking,

Abstract :

The purpose of the current research is to explain the factors influencing behavior (risk taking, self-confidence and strategic thinking) on the relationship between emotional intelligence and the quality of investment judgment and decision making. The research method is analytical and correlational in terms of goal, and quantitative and applied in terms of the research process. The statistical population includes people with a stock exchange code, which was determined by the software to have a sample size of 366 people. In order to measure the variables, relevant standard questionnaires have been used. The data collected by SMART PLS/4 software has been analyzed and the results of the hypothesis test show that emotional intelligence has an effect on the personality traits of self-confidence, risk-taking, strategic thinking, and the quality of judgment and decision-making. It is positive and significant, and strategic thinking has a partial mediation role on the relationship between the independent variable of emotional intelligence and the dependent variable of judgment and decision-making quality, but the variables of self-confidence and risk-taking are not mediators. It is suggested that investors, by strengthening their emotional intelligence and strategic thinking, fight against the psychological mistakes of investing and improve the returns of their investments.

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