Last modified: 2024-07-06
Abstract
Emotional and spiritual intelligence could affect how individuals make decisions, including in the context of investing. In the context of investing, this study explores how these two types of intelligence influence the decision-making process. It is hypothesized that investors with higher levels of emotional and spiritual intelligence shall make better investment decisions than those with lower levels of emotional and spiritual intelligence. This study aims to explore the relationship between emotional intelligence, spiritual intelligence, and investment decisions from the gender perspective. The population in this study was the millennial generation in Pontianak City, using a purposive sampling method with sample size of 283 respondents. The data analysis uses a multi-group analysis (PLS - MGA) with the smartPLS 3.0 analysis tool. The findings of this study are that emotional intelligence and spiritual intelligence have a positive and significant effect on investment decisions, there is no difference in emotional intelligence in investment decisions between men and women and there is no difference in spiritual intelligence in investment decisions between men and women.