Does Emotional Intelligence Have an Effect on the Success Levels of the Chief Financial Officers (CFOs)?

Abstract

This study aims to scrutinize the effect of the emotional intelligence on the performances of the chief financial officers (CFOs). To realize this aim, first, concepts of emotional intelligence and the financial manager were illustrated. Secondly, after the theoretical debate, the answer to the research question of “How can emotional intelligence affect the performances of the selected Turkish companies?” was tried to be answered. As a result of the quantitative analysis, the findings obtained from the linear regression analysis conducted on the sample indicate a significant positive relationship between the CFO emotional intelligence and high financial business performance. This result can be interpreted that an emotionally intelligent manager seeks to build comfortable working conditions and also create a climate of trust with the stakeholders. This helps to increase productivity and sales and to obtain a higher profit margin. Thus, high emotional intelligence in financial management leads to high firm value and strong financial performance

Keywords: Emotional intelligence, financial performance, chief financial officer, financial management.

DOI: 10.7176/RJFA/14-12-03

Publication date:June 30^th 2023