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The Sustainability of Emotional Intelligence and Decision-Making Flair by Financial Investors Through the Mediating Role of Coachability

Author

Listed:
  • Champatiray Manisha Yagyaseni

    (KIIT Deemed to be University, India, Department of Commerce)

  • Hota Sweta Leena

    (KIIT Deemed to be University, India, Department of Commerce)

  • Kumar Arya

    (KIIT Deemed to be University, India, Department of Commerce)

  • Kumar Anuj

    (Apeejay School of Management, India, Department of Management)

Abstract

Research background Investors today are more inclined towards a financial market that increases their knowledge and excess involvement. It is often observed that they are extensively emotionally involved, that impact financial investors’ investment decisions. It is observed that investors always seek guidance from an expert to invest in more appropriate products and services. This guidance and support lead to reaching the ultimate satisfaction of the participants. Purpose: This paper aims to examine the potential mediating role of investor coachability and its impact on financial investors’ emotional intelligence and decision-making styles. Research methodology The structured questionnaire was circulated among 106 respondents, of which 102 useful responses were considered. This research used validated scales of the Coachability Quotient questionnaire and the Schutte Self-Report Emotional Intelligence Test (SSEIT). The study has applied multiple regressions to predict rational decision-making and intuitive decision-making style through emotional intelligence and coachability as mediators. Results The results have found that emotional intelligence has a significant positive linear effect on coachability, with a positive direct impact on intuitive decision-making style. It was also found that emotional intelligence was found to have a significant positive direct effect on intuitive decision-making style and a negative linear direct effect on avoidance decision-making style. Novelty This research was to introduce the idea of incorporating behavioural finance or financial coaching as standard practice and to help investors learn to cope with the ever-increasing demands of the financial markets.

Suggested Citation

  • Champatiray Manisha Yagyaseni & Hota Sweta Leena & Kumar Arya & Kumar Anuj, 2023. "The Sustainability of Emotional Intelligence and Decision-Making Flair by Financial Investors Through the Mediating Role of Coachability," Folia Oeconomica Stetinensia, Sciendo, vol. 23(2), pages 102-115, December.
    • Handle: RePEc:vrs:foeste:v:23:y:2023:i:2:p:102-115:n:18
    DOI: 10.2478/foli-2023-0021
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    References listed on IDEAS

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    1. Baker, H. Kent & Filbeck, Greg & Ricciardi, Victor (ed.), 2017. "Financial Behavior: Players, Services, Products, and Markets," OUP Catalogue, Oxford University Press, number 9780190269999, Decembrie.
    2. Cohen, Susan & Fehder, Daniel C. & Hochberg, Yael V. & Murray, Fiona, 2019. "The design of startup accelerators," Research Policy, Elsevier, vol. 48(7), pages 1781-1797.
    3. Paul Gerrans & Douglas A. Hershey, 2017. "Financial Adviser Anxiety, Financial Literacy, and Financial Advice Seeking," Journal of Consumer Affairs, Wiley Blackwell, vol. 51(1), pages 54-90, March.
    4. Michael P. Ciuchta & Chaim Letwin & Regan Stevenson & Sean McMahon & M. Nesij Huvaj, 2018. "Betting on the Coachable Entrepreneur: Signaling and Social Exchange in Entrepreneurial Pitches," Entrepreneurship Theory and Practice, , vol. 42(6), pages 860-885, November.
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    More about this item

    Keywords

    Coachability; emotional intelligence; decision-making style; Financial Investors;
    All these keywords.

    JEL classification:

    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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