Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/257651 
Erscheinungsjahr: 
2019
Quellenangabe: 
[Journal:] International Journal of Financial Studies [ISSN:] 2227-7072 [Volume:] 7 [Issue:] 3 [Article No.:] 53 [Publisher:] MDPI [Place:] Basel [Year:] 2019 [Pages:] 1-21
Verlag: 
MDPI, Basel
Zusammenfassung: 
This study examined the factors associated with consumers' decisions to use payday loans. Using a sample of 24,201 respondents from the 2015 National Financial Capability Study (NFCS), structural equation modeling was used to analyze the relationships among the variables. The results indicated that payday loan use was associated with a series of consumers' socio-psychological factors, including financial knowledge, perceived credit score, credit-card payment problems, and having emergency funds. The findings suggested that, to improve borrowing decisions and industry practices, discussions about consumers' payday loan use and its underlying repayment problems should encompass policy intervention and institutional attention, rather than focusing on behavioral modification at the individual level alone.
Schlagwörter: 
financial knowledge
National Financial Capability Study
payday loan
structural equation modeling
JEL: 
D12
D14
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe
435.45 kB





Publikationen in EconStor sind urheberrechtlich geschützt.