Dimensions of materialism and credit card usage: an application and extension of the theory of planned behavior in Bangladesh

Ahamed, Akkas; Limbu, Yam B.

doi:10.1057/s41264-018-0058-5

Cited by 12 publications

(12 citation statements)

References 46 publications

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“…The importance of perceived behavioural control in predicting one's intention has been found in the context of credit card use (Ahamed & Limbu, 2018). In line with the prior studies, the present study states that: Hypothesis 4.…”

Section: Perceived Behavioural Controlsupporting

confidence: 84%

“…For instance, if one thinks he or she has the capability to pay back the amount of money borrowed from Internet credit services, this should subsequently increase their propensities to use Internet credit services for consumption. The importance of perceived behavioural control in predicting one's intention has been found in the context of credit card use (Ahamed & Limbu, 2018). In line with the prior studies, the present study states that:Hypothesis Perceived behavioural control has significant impact on young adults' intention to use Internet credit services.…”

Section: Theoretical Frameworkmentioning

confidence: 98%

“…One typical theory applied in this domain is the TPB, which states that people's attitude, subjective norm, and perceived behavioural control would influence the intention to use a particular object/service and further determine their actual behaviour (Ajzen, 1985(Ajzen, , 1991. The TPB has been widely utilized to investigate people's usage of credit cards (Ahamed & Limbu, 2018;Cloutier & Roy, 2020;Persada et al, 2021;Sotiropoulos & D'astous, 2013).…”

Section: Related Studiesmentioning

confidence: 99%

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Investigating young adults' use of Internet credit services: A reflective‐impulsive dual‐process model

Yao

2023

Int J Consumer Studies

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While Internet credit services are proliferating fast, they bring serious debt problems, especially to young adults, and further result in negative psychological and social issues. The present study aims to investigate the influential factors underlying the usage of Internet credit services among young adults. Particularly, a dual‐process model is proposed by integrating both the reflective and impulsive decision‐making process. While the reflective process is modelled based on the theory of planned behaviour, the impulsive process is manifested by examining the antecedents of impulse to use Internet credit services, including immediate gratification, materialism, and self‐control. A survey was administered among young adults and 992 valid questionnaires were collected. PLS‐SEM methods were applied to analyse the data. It was revealed that the reflective decision‐making process exerts significant influence on young adults' usage of Internet credit services, and the impulsive process plays important role in impacting people's usage of Internet credit services among the lower income group. In addition, immediate gratification and materialism were found to positively affect the impulse to use, whereas self‐control was identified as an inhibitor of impulse to use Internet credit services. Implications of the finding are discussed at the end of the paper.

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Section: Perceived Behavioural Controlsupporting

confidence: 84%

Section: Theoretical Frameworkmentioning

confidence: 98%

Section: Related Studiesmentioning

confidence: 99%

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Investigating young adults' use of Internet credit services: A reflective‐impulsive dual‐process model

Yao

2023

Int J Consumer Studies

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“…Money attitudes are helpful in understanding consumption, saving, and debt behaviors (Hayhoe et al 2012 ) which ultimately affect FWB level. Money attitudes predict the likelihood of making risky or responsible financial decisions depending upon their type such as people with more liberal attitudes engage in compulsive buying and credit card use (Ahamed and Limbu 2018 ) whereas people holding more proactive attitude tend to make responsible decisions such as tracking expenses, emphasizing saving over spending, and reluctance to borrow money which is related to more financial satisfaction (Parrotta and Johnson 1998 ; Shim et al 2009 ).…”

Section: Literature Review Of Key Enablers Selected For the Studymentioning

confidence: 99%

Analysis of key factors influencing individual financial well-being using ISM and MICMAC approach

2022

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A growing complexity in the financial world has attracted the interest of academicians and policymakers to examine the financial planning and well-being of individuals. This study attempts to explore the individual level determinants for improving financial well-being. Based upon the literature review, key enablers of individual financial well-being were identified which were then finalized by incorporating expert suggestions. Pursuant to this, six levels hierarchical structure was developed with the application of interpretive structural modeling (ISM) technique. Next, Matriced'ImpactsCroises Multiplication Appliques a un Classement (MICMAC) analysis was applied to determine the dependence and driving power of the identified variables. Our findings demonstrate that socio-economic factors and financial socialization are placed at the bottom level in the ISM hierarchy and all of them are also found to have the highest driving power under the MICMAC classification. On the other hand, healthy financial behaviors emerge on the top level and have the highest dependence power. The results of the study can provide valuable insights to financial educators and policymakers in terms of a better understanding of individual level enablers and their interrelationships. The knowledge of the importance of each enabler can enhance their capability to formulate improved strategies focused on securing the financial future of individuals. The concern of living a financially secured life is growing in a world full of economic uncertainties. Individual differences play a vital role in achieving a higher level of financial well-being. This study is one of the preliminary attempts to identify the individual level factors and rank them according to importance.

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“…Previous research has suggested that people may respond to each dimension of materialism in different ways. For example, consumers in a developing, non-Western country may think that the centrality dimension is less critical than the success and happiness dimensions (Ahamed & Limbu, 2018). This study contributes to the literature by specifying the unique effects of the three dimensions of materialism on nomophobia in accordance with the attachment theory.…”

mentioning

confidence: 99%

A Cross-National Study of Nomophobia Among Brazilian, Chinese, French, and U.S. Young People: The Role of Materialism

Gentina

Maille

2023

Journal of Cross-Cultural Psychology

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Why do young people from Generation Z (born between 1995 and the mid-2000s) become nomophobic consumers of smartphones? This research aims for a better understanding of nomophobia, the fear of being without mobile phone contact, and this from a cross-national perspective. Data collected from 1,326 young people (aged 16-24) from Brazil, China, France, and the United States demonstrate that nomophobia is positively related to materialism, the value that consumers place on the acquisition of material objects. A structural equation model shows that the different dimensions of materialism do not affect nomophobia uniformly across national identity. Nomophobia is positively related to the happiness dimension (possessions needed for happiness) in Brazil, to the success dimension (possessions as indicators of success) in China, and to the centrality dimension (possessions as central for the self) in France and the United States. These findings have notable implications for practitioners and researchers.

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Dimensions of materialism and credit card usage: an application and extension of the theory of planned behavior in Bangladesh

Cited by 12 publications

References 46 publications

Investigating young adults' use of Internet credit services: A reflective‐impulsive dual‐process model

Investigating young adults' use of Internet credit services: A reflective‐impulsive dual‐process model

Analysis of key factors influencing individual financial well-being using ISM and MICMAC approach

A Cross-National Study of Nomophobia Among Brazilian, Chinese, French, and U.S. Young People: The Role of Materialism

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