Evaluation of investment preference with phantasy, emotional intelligence, confidence, trust, financial literacy and risk preference

Aren, Selim; Hamamcı, Hatice Nayman

doi:10.1108/k-01-2022-0014

Cited by 13 publications

(21 citation statements)

References 131 publications

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“…Emotional intelligence positively affects the ability to detect fraud. This research has confirmed previous research (Clements, 2020; Abdo et al , 2022; Aren and Nayman Hamamci, 2022; Gaspar et al , 2022; Warren and Schweitzer, 2018). Internal auditors with high emotional intelligence tend to be calm, have confidence and can control their emotions while working.…”

Section: Discussionsupporting

confidence: 92%

Effects of professional commitment, commitment to ethics, internal locus of control and emotional intelligence on the ability to detect fraud through reduced audit quality behaviors

Yulianti

Zarkasyi

Suharman

et al. 2023

JIABR

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Purpose This study aims to examine the effect of professional commitment, commitment to ethics, internal locus of control and emotional intelligence on the ability to detect fraud through reduced audit quality behaviors. Design/methodology/approach The analysis unit is the internal auditor in internal control unit at state Islamic religious higher education in Indonesia. Data processing used covariance-based structural equation modeling using Lisrel Software and the Sobel test to verify the direct and indirect effects. Findings This study found empirical evidence that professional commitment and emotional intelligence positively impact the ability to detect fraud. Commitment to ethics and emotional intelligence has a negative effect on reduced audit quality behaviors. Furthermore, this study also provides that commitment to ethics and emotional intelligence indirectly impacts on the ability to detect fraud through reduced audit quality behaviors. Practical implications The organization periodically monitors auditors’ behaviors, especially reduced audit quality behaviors, during the audit process and encourages regulators to formulate policies related to increasing the ability to detect fraud. Originality/value This study provides knowledge regarding the driving force of internal auditors to mitigate reduced audit quality behaviors and increase the ability to detect fraud.

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Section: Discussionsupporting

confidence: 92%

Effects of professional commitment, commitment to ethics, internal locus of control and emotional intelligence on the ability to detect fraud through reduced audit quality behaviors

Yulianti

Zarkasyi

Suharman

et al. 2023

JIABR

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“…These findings show that individuals with severe emotional capacity are unable to cope with tense situations. As expected, group members with higher levels of emotional intelligence perform better on tough tasks than group members with lower levels of emotional intelligence (Druskat and Wolff, 2001) and cause fear and anxiety in individuals (Aren and Hamamci, 2022). Moreover, during the qualitative studies, one participant exhibited some degree of shyness.…”

Section: Discussionsupporting

confidence: 64%

How to transform brand haters into forgivers through emotional intelligence?

Mednini,

Damak Turki

2023

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PurposeConsumers' responses to service failures are influenced not just by company-related issues but also by one's ability to react to stressful situations. The aim of this research is to explore the emotional intelligence of brand haters and transform them into forgivers.Design/methodology/approachThis study used two qualitative methods, namely in-depth semi-structured interviews with a total of 17 participants who have different emotional intelligence levels (high, medium and low) and projective techniques with 6 participants.FindingsThis study's results showed that consumers with high and medium emotional intelligence feel less hate toward a brand and are more likely to forgive it, whereas consumers with low emotional intelligence feel more hate toward a brand and are unwilling to forgive it.Originality/valueTo the best of the authors' knowledge, this study is among the first to shed light on the importance of managing hate by consumers. Findings will help managers understand the importance of consumer personality in a management strategy and explain why some consumers forgive brands while others participate in anti-brand activities.

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“…A structured questionnaire was constructed by modifying the scales used in previous studies. Several previous studies have used a survey method to assess respondents' risk tolerance and FL and found it to be an efficient way of measuring the same (Lönnqvist et al ., 2015; Aren and Hamamci, 2022). Measuring the study variables by employing a simple and efficient tool such as a questionnaire will lead to robust measurement (Charness et al ., 2013).…”

Section: Methodsmentioning

confidence: 99%

“…Investors' FL is a defining element in determining their intent to invest in risky financial assets (Pak and Mahmood, 2015). Previous research has found that FL is directly associated with investment intention (Shehata et al, 2021), risky investment intention (Aren and Hamamci, 2022;Aren and Hamamci, 2020;Li et al, 2020), and risky asset holdings (Liao et al, 2018;Li et al, 2020). Sadiq and Kan (2019) found that FL and Pakistani youth's intent to invest in short-term and long-term investments are positively associated.…”

Section: Fl and Riimentioning

confidence: 99%

“…Investors' risk tolerance often forms the basis for understanding their financial decisions (Mushafiq et al ., 2021). An individual's financial risk preference between “unknown and new investment” and “known and experienced investment” is affected by a combination of risk variables, including their risk tolerance/avoidance and risky investment intention (RII) (Aren and Hamamci, 2022). Risky investments refer to financial instruments that do not offer certainty with reference to their risk and return, such as bank deposits and government securities.…”

Section: Introductionmentioning

confidence: 99%

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Moderating role of millennials' financial literacy on the relationship between risk tolerance and risky investment behavior: evidence from India

Mohta

Shunmugasundaram

2023

IJSE

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PurposeThis study aims to examine the association between risk tolerance and risky investment intention with financial literacy as a moderating variable. The proposed relationship was explored specifically for millennials.Design/methodology/approachThe questionnaire was divided into three segments to assess millennials' financial literacy, risk tolerance and risky investment intention. This study uses survey data from 402 millennial investors residing in Delhi-NCR region. The authors exploited PLS-SEM for the analysis because the model involved higher-order constructs.FindingsThe findings revealed that financial literacy has a negative impact on risky investment intention. Further, risk tolerance had a positive and significant influence on risky investment intention; however, when financial literacy was added as a moderating variable in this relationship, it had a negative impact on risky investment intention.Originality/valueEvery generation has its quirks, and millennials are no exception. Given their age and sheer number, leading to their dominance in the global workforce, millennials will bring about a generational shift. Awareness of Gen Y's financial literacy and risk behavior enhances their ability to make informed financial decisions, thus proving beneficial not only to them, but also to the whole economy. This will also help policymakers and institutions to introduce financial literacy programs and financial products in alignment with their needs and preferences.

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Evaluation of investment preference with phantasy, emotional intelligence, confidence, trust, financial literacy and risk preference

Cited by 13 publications

References 131 publications

Effects of professional commitment, commitment to ethics, internal locus of control and emotional intelligence on the ability to detect fraud through reduced audit quality behaviors

Effects of professional commitment, commitment to ethics, internal locus of control and emotional intelligence on the ability to detect fraud through reduced audit quality behaviors

How to transform brand haters into forgivers through emotional intelligence?

Moderating role of millennials' financial literacy on the relationship between risk tolerance and risky investment behavior: evidence from India

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