Self-Control, Financial Well-Being, and Motivated Reasoning : Essays in Behavioral Finance

Strömbäck, Camilla

doi:10.3384/diss.diva-170094

Cited by 1 publication

(2 citation statements)

References 43 publications

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“…Research has shown that having self-control is a key component in making solid financial judgements. It allows for selections aligned with long-term aims and inhibits impulsive or shortsighted choices that can have undesirable implications (Candy & Novita, 2021;Strömbäck, 2020;Thomas et al, 2022). Those who make a concerted effort to become more self-disciplined may improve their financial decisions and attain financial stability and security.…”

Section: Self-control In Financial Decisionsmentioning

confidence: 99%

“…Peltier et al (2016) explored the pre-debt and post-debt choices of college students and discovered that failures in selfcontrol compounded their credit card debt. Strömbäck (2020) surveyed a Swedish adult sample and determined that Individuals with stronger self-control were more likely to participate in solid financial habits, were less concerned about finances, and felt more comfortable in their present and future financial circumstances. Haws et al (2014) examined how self-control has been studied in consumer research and compared generic and domain-specific self-control metrics.…”

Section: Introductionmentioning

confidence: 99%

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The Effect of Self-Control on Loan Repayment Decisions of Women Market Vendors in Mbeya Municipality, Tanzania

Gomera

Ngollo

2023

J. Theor. Appl. Manage.

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Objective: This study aims to examine the effect of self-control on loan repayment decisions of women market vendors in Mbeya municipality, Tanzania. Design/Methods/Approach: This study employed a mixed research design. Primary data was collected via questionnaires and semi-structured interviews. A stratified random sampling technique was used to come up with a sample of 348 respondents selected from a population of 1741 women market vendors. Finally, descriptive statistics and regression analysis were utilized to process the collected data. Findings: The result of data analysis determined that self-control had a significant adverse effect on loan repayment decision Originality/Value: This study is unique since it studies self-control and loan repayment amongst women market vendors. The specificity of the set population allowed for a more in-depth and nuanced understanding of the experiences and challenges faced by this specific group of individuals hence deriving originality in this research. Practical/Policy implication: Findings are useful to policymakers and microcredit providers. Policymakers should promote activities and education that assist Tanzanians in attaining self-control. They should devise policies to make loans more affordable and easier to repay. Microcredit lenders should utilize subjective measures of self-control on loan applications as it is highly effective in enhancing repayment when coupled with high levels of financial literacy.

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Section: Self-control In Financial Decisionsmentioning

confidence: 99%