Compulsive buying and credit card misuse among credit card holders: The roles of self-esteem, materialism, impulsive buying and budget constraint

Omar, Nor Asiah; Rahim, Ruzita Abdul; Wel, Che Aniza Che; Alam, Syed Shah

doi:10.3926/ic.446

Cited by 64 publications

(60 citation statements)

References 70 publications

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“…Omer (2014) [3] examined the mediating role of impulsive buying between personality traits and compulsive buying. Both compulsive and impulsive buying behaviors are strongly correlated with emotional instability (Neuroticism), among personality traits.…”

Section: Introductionmentioning

confidence: 99%

Impact of Personality Traits on Compulsive Buying Behavior: Mediating Role of Impulsive Buying

Shehzadi¹,

Ahmad-ur-Rehman²,

Cheema³

et al. 2016

JSSM

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The prime purpose of this study is to investigate the relationship between personality traits and compulsive buying behavior with mediating role of impulsive buying. By using quantitative research approach, convenience sampling method is selected. Data are collected by using previously established scales. Correlation coefficient and multiple regressions are applied to analyze directions and strength of relationship between variables. According to results agreeableness, neuroticism and openness to experience are three personality traits that are related with compulsive buying with mediating role of impulsive buying. The present study is useful for policy makers, consumers and for society at large. In addition, this investigation provides a starting point for future research with comprehensive theoretical framework.

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Section: Introductionmentioning

confidence: 99%

Impact of Personality Traits on Compulsive Buying Behavior: Mediating Role of Impulsive Buying

Shehzadi¹,

Ahmad-ur-Rehman²,

Cheema³

et al. 2016

JSSM

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“…Omar, Rahim, Wel and Alam (2014) in the findings of their study reveal that budget constraints, impulsive buying and materialism have a statistically significant influence on compulsive buying. In terms of credit card misuse, it is influenced negatively by self-esteem while positively by compulsive buying.…”

Section: Review Of Literaturementioning

confidence: 83%

Cognitive Dissonance as an Effect of Indulging on Credit

Dugar¹,

Shreshtha²,

Jain³

2014

Paradigm: A Management Research Journal

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Indians are known to have high regard for savings, thanks to the age-old pro-saving lessons that are part of the Indian DNA. Till recently, this deep-rooted pro-savings attitude made sure that Indian consumers were uncomfortable with the idea of indulging, and indulging on credit has been a taboo. However, changing lifestyles and exposure to the glamour and thrill of spending are unfastening this grip. If numbers of "active card holders" and "usage of credit" are any indicator, than Indians have started accepting credit as a way of life.Most of the research work carried out on the subject is restricted to "usage patterns" in different markets and impact of demographic factors and lifestyle on acceptance and usage of credit cards. This study is aimed at finding insights on whether consumers feel that credit cards encourage them to indulge and post-spending there is a higher level of cognitive dissonance. Data, for this study, have been collected from upper-middle-class urban consumers and analyzed through statistical tools to figure out the answers to these questions.This study can be of immense use for credit card marketers as they can figure out if they have to reduce the cognitive dissonance of the consumers of their credit cards and they will also figure out whether brand positioning based on symbolic benefits would be advantageous or utilitarian value that the brand offers. Cognitive Dissonance as an Effect of Indulging on CreditGenerations of Indians have grown up with endless feed of lessons, such as, be contented; live within your means; save for the rainy day; people with debt cannot sleep properly; and simple living and high thinking. It is not surprising that these thoughts are prevalent till date. Peter Honegg, MD and CEO of Paradigm 18(2) 155-166

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“…The instalment users view credit cards as debt instrument (Danes & Hira, 1990). According to, Omar et al (2014), many credit card holders in Malaysia display compulsive spending behaviour, while the easy accessibility to credit card, this behaviour leads to excessive debts among Malaysians.…”

Section: Credit Card Debtsmentioning

confidence: 99%

“…Even though credit card is able to motivate consumer spending and provide flexibility to consumers, it likewise has its frustration (Warwick & Mansfield, 2000). The development of financial services has increased nowadays, thus increases the credit availability and usage, and directly increases the consumer debts, especially in terms of credit card debts (Omar, Rahim, Wel, &Alam, 2014). According to Soman (2001), the credit card users are usually to make additional purchases and also tend to spend on.…”

Section: Introductionmentioning

confidence: 99%

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Credit Card Debt in Kota Damansara, Selangor: An Investigation of Credit Card Debt Determinants and Factors

Selvanathan¹,

Nadarajan²,

Yee³

et al. 2016

ijhrs

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This paper explores factors influencing credit card debts in Kota Damansara, Selangor, Malaysia. Specifically, variables such as attitude, income, financial knowledge and bank policies are examined. The questionnaire in the study was distributed among 120 credit card holders. The study serves as guide researchers to extend the research work covering more variables in different economies. The data is collected using simple random sampling techniques. The results indicate that attitude, income, financial knowledge and bank policies have significant relationship with credit card debts. The contribution to this result can help to developing market economies or even developed countries where credit card debt is high. It gives awareness to the banker on understanding their credit card consumers, as well as providing insights to the credit card holders.

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Compulsive buying and credit card misuse among credit card holders: The roles of self-esteem, materialism, impulsive buying and budget constraint

Cited by 64 publications

References 70 publications

Impact of Personality Traits on Compulsive Buying Behavior: Mediating Role of Impulsive Buying

Impact of Personality Traits on Compulsive Buying Behavior: Mediating Role of Impulsive Buying

Cognitive Dissonance as an Effect of Indulging on Credit

Credit Card Debt in Kota Damansara, Selangor: An Investigation of Credit Card Debt Determinants and Factors

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