Investigating the Effect of Managers Emotional and Spiritual Intelligence on the Concurrence of Stock Prices and Stock Returns

Spiritual and emotional intelligence play a crucial role in organizational behavior, significantly impacting the performance of companies, stock prices, and the expected return of investors. Managers possessing these skills demonstrate remarkable abilities in fostering employee commitment, strengthening self-control among employees, and addressing weaknesses in company control. The impact of their spirituality on company effectiveness is a central aspect of investigation in this study. Accordingly, this research aims to examine the influence of managers spiritual and emotional intelligence on the concurrence of stock prices and stock returns. To measure the spiritual intelligence of managers, the King [27] questionnaire was employed, while emotional intelligence was assessed using the Bar-On [8] questionnaire. The hypotheses were tested using regression analysis with composite data, utilizing information from 60 companies listed on the Tehran Stock Exchange in 2019. The findings of this study support the research hypothesis by demonstrating that both emotional and spiritual intelligence of managers have a significant impact on the concurrence of companies stock prices. Furthermore, the results indicate a relationship between managers emotional and spiritual intelligence and companies stock returns.