An Empirical Investigation on Credit Card Repayment Pattern of Academicians in Malaysia

Abstract

The credit card market has witnessed tremendous growth resulting from a paradigm shift in technology. The genuine usage of credit cards as a form of convenience has diverged to overspending, irresponsibility, revolving liability and bankruptcy. This implies that possession of credit cards has brought about a change in users’ repayment behavior. Thus, this study aims to determine academicians’ credit card repayment pattern in a private tertiary institution in Malaysia. The dependent variable is the repayment pattern and the independent variables that serve as the attributes include personal attitude and spending pattern, while, gender and parenthood serve as the moderating variables. Findings revealed that personal attitude and spending pattern were important attributes in determining the repayment pattern among the academicians. Gender and parenthood were found to play a moderating role in the repayment pattern. Findings from this study is expected to facilitate the government and credit card companies to work towards nurturing a financially healthier and informed society, and also to each out positively to the younger generations through the influence of the academicians.

The Demographic and Behavior Determinant of Credit Card Default in Indonesia

“…Male has a positive coefficient, so males tend to show a higher probability of NPL than females. This condition is in line with the results from Muhmin and Umar (2007), Muchiru (2008), Sayono (2009), Wang et al (2014), Chin et al (2017), Huang (2018), Kim et al (2018), Li et al (2019). Based on the sample, 60.09% of the NPL cardholders are male.…”

Assessment of Credit Card Market Features in Malaysia: Risk of Achieving Women’s Financial Empowerment

“…Their study further confirms that individual with financially risk-averse are more likely to have a savings account to support themselves and escape higher risk. Chin (2017) argued that the digital transformation of much economic activity has witnessed an increase in the credit card market. Moreover, the Malaysian Communications and Multimedia (2017) noted that women make more online purchases than men, and women tend to spend more on luxury items.…”

Behavioral Biases and Credit Card Repayments Among Malaysians

“…scrutinized the role of attitude towards credit, dependability, image consciousness and financial planning in influencing credit card repayment among Malaysians. Whereas,Chin et al (2017) analysed the impact of personal attitude and spending pattern on credit card repayment pattern among academicians in Malaysia Jusoh and Lin (2012). investigated the role demographic profile, financial knowledge and financial attitude in influencing credit card practices.Teoh et al …”