Since 2014
Psychological Factors in the Credit-Grating Process
Journal of Financial Innovation
View Archive Info| Field | Value | |
| Title |
Psychological Factors in the Credit-Grating Process
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| Creator |
Rogers, Pablo
Prado, Mateus Ferraz Rogers, Dany Ribeiro, Karem Cristina de Sousa |
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| Subject |
Administração; Finanças; Finanças Comportamentais
Psicologia Econômica; Finanças Comportamentais; Risco de Crédito; Endividamento |
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| Description |
Proposition: This study aims the objective of analysing the influence of the psychological factors in the persons credit risks.Methodology: A questionnaire was conducted with 147 queries, answered by 847 indivisuals from 18 to 85 years of age. The results were estimated by means of regression, adopting the SPC Score of SPC Brasil bureau as a dependent variable in substitution of the good standings/default decisions. We also utilized the fallowing psychologycal scales, in addition to the variables commonly used in the credit risk assessment models as independent variables: Meaning of the Money, Self-efficacy, Locus of Control, Optimism, Self-esteem and Compulsive Buyer; in addition to the behaviour variables for Literacy Finance, Social Comparison, Buying Behaviour, Self-control and Long-term time frame.Results: The main results show that: i. assigning negative beliefs to money; ii. showing evidences of higher levels of self-efficacy and lower levels of optimism; iii. expressing compulsive buying behaviour; iv. A lack of previous finnacial guidance and self-control; and v. short-term consideration for financial planning; are the higher risk person related charateristics.Originalities: With this research, scoring models could receive contribuitions from another foundation: the psychological profile of the borrower.
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| Publisher |
Instituto Brasileiro de Inovacao Financeira - IBRIF
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| Contributor |
—
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| Date |
2017-07-20
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.ibrif.org/ojs/index.php/jofi/article/view/54
10.15194/jofi_2017.v3.i1.54 |
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| Source |
Journal of Financial Innovation; Early View
Journal of Financial Innovation; Early View 2359-1005 2359-1005 |
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| Language |
eng
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| Relation |
http://www.ibrif.org/ojs/index.php/jofi/article/view/54/pdf
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| Coverage |
Brazil
— Survey |
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| Rights |
Copyright (c) 2017 Journal of Financial Innovation
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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