Financial Illiteracy and customer credit history
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Redalyc
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| Formato: | Artículo científico |
| Lenguaje: | en |
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Fundação Escola de Comércio Álvares Penteado
2020
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| _version_ | 1876490695913504768 |
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| author | Danilo Braun Santos |
| author_facet | Danilo Braun Santos |
| contents | Financial Illiteracy and customer credit history Danilo Braun Santos Humberto Gallucci Administración y Contabilidad investment Derogatory mark financial literacy capitalization bond financial illiteracy Purpose: We study how financial illiteracy affects the probability of a derogatory mark on the customer’s credit history.Design/methodology/approach: We use the National Survey on Financial Inclusion in Brazil together with information on financial instrument usage and spending provided by the head of the household. To estimate the impact of financial illiteracy on the probability of a derogatory mark we use a logistic model to compute the odds ratio.Findings: Our main result is that financially illiterate individuals have between 57% and 143% more chance of having a derogatory mark. We find that age, income, expenses, and retirement positively affect the probability of a derogatory mark, while marriage has a negative impact. Gender does not have any impact over the probability of derogatory mark.Originality/value: The study uses a new proxy for financial illiteracy and correlates it to the investment and debt decisions of a family using a unique dataset. 2020 artículo científico 1806-4892 https://www.redalyc.org/articulo.oa?id=94768442002 https://www.redalyc.org/journal/947/94768442002/ https://www.redalyc.org/journal/947/94768442002/html/ https://www.redalyc.org/journal/947/94768442002/94768442002.epub https://www.redalyc.org/journal/947/94768442002/movil 10.7819/rbgn.v22i0.4058 en http://www.redalyc.org/revista.oa?id=947 Revista Brasileira de Gestão de Negócios - RBGN application/pdf Fundação Escola de Comércio Álvares Penteado Revista Brasileira de Gestão de Negócios - RBGN (Brasil) Num.1 Vol.22 |
| format | Artículo científico |
| id | redalyc_94768442002 |
| institution | Redalyc |
| language | en |
| publishDate | 2020 |
| publisher | Fundação Escola de Comércio Álvares Penteado |
| spellingShingle | Financial Illiteracy and customer credit history Danilo Braun Santos Administración y Contabilidad investment Derogatory mark financial literacy capitalization bond financial illiteracy Financial Illiteracy and customer credit history Danilo Braun Santos Humberto Gallucci Administración y Contabilidad investment Derogatory mark financial literacy capitalization bond financial illiteracy Purpose: We study how financial illiteracy affects the probability of a derogatory mark on the customer’s credit history.Design/methodology/approach: We use the National Survey on Financial Inclusion in Brazil together with information on financial instrument usage and spending provided by the head of the household. To estimate the impact of financial illiteracy on the probability of a derogatory mark we use a logistic model to compute the odds ratio.Findings: Our main result is that financially illiterate individuals have between 57% and 143% more chance of having a derogatory mark. We find that age, income, expenses, and retirement positively affect the probability of a derogatory mark, while marriage has a negative impact. Gender does not have any impact over the probability of derogatory mark.Originality/value: The study uses a new proxy for financial illiteracy and correlates it to the investment and debt decisions of a family using a unique dataset. 2020 artículo científico 1806-4892 https://www.redalyc.org/articulo.oa?id=94768442002 https://www.redalyc.org/journal/947/94768442002/ https://www.redalyc.org/journal/947/94768442002/html/ https://www.redalyc.org/journal/947/94768442002/94768442002.epub https://www.redalyc.org/journal/947/94768442002/movil 10.7819/rbgn.v22i0.4058 en http://www.redalyc.org/revista.oa?id=947 Revista Brasileira de Gestão de Negócios - RBGN application/pdf Fundação Escola de Comércio Álvares Penteado Revista Brasileira de Gestão de Negócios - RBGN (Brasil) Num.1 Vol.22 |
| title | Financial Illiteracy and customer credit history |
| topic | Administración y Contabilidad investment Derogatory mark financial literacy capitalization bond financial illiteracy |
| url | https://www.redalyc.org/articulo.oa?id=94768442002 https://www.redalyc.org/journal/947/94768442002/ https://www.redalyc.org/journal/947/94768442002/html/ https://www.redalyc.org/journal/947/94768442002/94768442002.epub https://www.redalyc.org/journal/947/94768442002/movil |