Analyzing the Influence of Emotional Intelligence on Investor Behavior in Developing Regions: A PRISMA Systematic Review
Denise Chambers1, Deshea Simon2
1Denise Chambers, Department of Business, Hampton University, Virginia, USA.
2Deshea Simon, Department of Business Hampton University, Virginia, USA.
Manuscript received on 25 July 2022 | Revised Manuscript received on 30 July 2022 | Manuscript Accepted on 15 August 2022 | Manuscript published on 30 August 2022 | PP: 19-22 | Volume-8 Issue-12, August 2022 | Retrieval Number: 100.1/ijmh.L15100881222 | DOI: 10.35940/ijmh.L1510.0881222
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This article aims to systematically review studies analyzing the influence of emotional intelligence (EI) on investor behaviors in developing countries (as defined by the United Nations Development Program) using PRISMA. In developing nations, the lack of investigation in this area is prevalent and nonexistent in some nations. Methods: EI and investor behavior-related papers in English were selected from ProQuest, EBSCO, and Google Scholar database searches in developing countries. Results: The review included 19 studies covering eight developing countries, extending the conclusion of a positive correlation between EI and investment decisions in growing regions. However, inconsistencies and gaps exist in the EI model adoption and investor behaviors. Evidence Limitation/Implications: Limitations include the need for extended EI and investor behavior dimensions and more geographic coverage. Important implication highlights include how EI helps investors enhance investment decision-making. Originality/value: This unprecedented PRISMA review of a comprehensive set of literature on the influence of EI on investor behavior in developing countries extends the current evidence base in this area.
Keywords: Developing Countries, Emotional Intelligence, Investor Behavior, PRISMA, Systematic Review
Scope of the Article: Financing Business and Accounting