Determinants of over-indebtedness from a borrower's perspective among young debt management program (DMP) clients in Malaysia / Nur Hafidzah Idris

Over-indebtedness has become a major concern throughout the world, yet there is limited research on the phenomenon especially from the standpoint of the borrower which has been identified as the source of the problem. As such, this study aims to investigate the determinants of over-indebtedness as w...

全面介绍

Saved in:

书目详细资料
主要作者:	Idris, Nur Hafidzah
格式:	Thesis
语言:	English
出版:	2022
主题:	Personal finance Financial literacy
在线阅读:	https://ir.uitm.edu.my/id/eprint/59515/1/59515.pdf
标签:	添加标签没有标签, 成为第一个标记此记录!

id	my-uitm-ir.59515
record_format	uketd_dc
spelling	my-uitm-ir.595152022-07-05T02:08:29Z Determinants of over-indebtedness from a borrower's perspective among young debt management program (DMP) clients in Malaysia / Nur Hafidzah Idris 2022-02 Idris, Nur Hafidzah Personal finance. Financial literacy Credit. Debt. Loans Over-indebtedness has become a major concern throughout the world, yet there is limited research on the phenomenon especially from the standpoint of the borrower which has been identified as the source of the problem. As such, this study aims to investigate the determinants of over-indebtedness as well as to test the mediation effect of materialism towards over-indebtedness. Using the Social Cognitive Theory and Life Cycle Hypothesis as the underpinning theories, this study developed a research framework based on the integration of external (lending institutions practice), personal (materialism and self-efficacy) and behavioural factors (money management skills), along with the mediating effect of materialism towards over-indebtedness in the research model. The stratified random sampling method is used to obtain data from AKPK's Debt Management Program (DMP) participants. A total of 404 usable questionnaires are collected using the online survey method and analysed using Partial Least Square SEM (PLS-SEM). From the analysis, seven out of the ten hypotheses are supported while all the three hypotheses relating to self-efficacy are not supported. In particular, materialism, lending institutions practice and money management skills are found to have a significant effect on over-indebtedness; on the other hand, self-efficacy is found to be insignificant. Moreover, lending institutions practice and money management skills have a significant relationship with materialism while self-efficacy demonstrated otherwise. This study also found that materialism mediated the relationship between lending institutions practice and money management skills with over-indebtedness, but it did not mediate the relationship between self-efficacy and over-indebtedness. The findings support the life cycle hypothesis, which states that people have more debt when they are young, and that individual behavioural outcomes are influenced by internal, behavioural, and personal factors as indicated by the Social Cognitive Theory. This study's findings provide a substantial contribution towards addressing knowledge gaps in the existing literature. Furthermore, the findings are helpful in promoting the efforts of AKPK and other government agencies in alleviating Malaysia's over-indebtedness problem. It is hoped that the findings of this study could serve as a guideline for lending institutions in identifying the debt level of their prospective borrowers during the loan evaluation process, and hence prevent future defaults as well as reduce the over-indebtedness problem in this country. 2022-02 Thesis https://ir.uitm.edu.my/id/eprint/59515/ https://ir.uitm.edu.my/id/eprint/59515/1/59515.pdf text en public phd doctoral Universiti Teknologi MARA Faculty of Business Management Ismail, Shafinar (Prof. Dr.)
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Ismail, Shafinar (Prof. Dr.)
topic	Personal finance Financial literacy Personal finance Financial literacy
spellingShingle	Personal finance Financial literacy Personal finance Financial literacy Idris, Nur Hafidzah Determinants of over-indebtedness from a borrower's perspective among young debt management program (DMP) clients in Malaysia / Nur Hafidzah Idris
description	Over-indebtedness has become a major concern throughout the world, yet there is limited research on the phenomenon especially from the standpoint of the borrower which has been identified as the source of the problem. As such, this study aims to investigate the determinants of over-indebtedness as well as to test the mediation effect of materialism towards over-indebtedness. Using the Social Cognitive Theory and Life Cycle Hypothesis as the underpinning theories, this study developed a research framework based on the integration of external (lending institutions practice), personal (materialism and self-efficacy) and behavioural factors (money management skills), along with the mediating effect of materialism towards over-indebtedness in the research model. The stratified random sampling method is used to obtain data from AKPK's Debt Management Program (DMP) participants. A total of 404 usable questionnaires are collected using the online survey method and analysed using Partial Least Square SEM (PLS-SEM). From the analysis, seven out of the ten hypotheses are supported while all the three hypotheses relating to self-efficacy are not supported. In particular, materialism, lending institutions practice and money management skills are found to have a significant effect on over-indebtedness; on the other hand, self-efficacy is found to be insignificant. Moreover, lending institutions practice and money management skills have a significant relationship with materialism while self-efficacy demonstrated otherwise. This study also found that materialism mediated the relationship between lending institutions practice and money management skills with over-indebtedness, but it did not mediate the relationship between self-efficacy and over-indebtedness. The findings support the life cycle hypothesis, which states that people have more debt when they are young, and that individual behavioural outcomes are influenced by internal, behavioural, and personal factors as indicated by the Social Cognitive Theory. This study's findings provide a substantial contribution towards addressing knowledge gaps in the existing literature. Furthermore, the findings are helpful in promoting the efforts of AKPK and other government agencies in alleviating Malaysia's over-indebtedness problem. It is hoped that the findings of this study could serve as a guideline for lending institutions in identifying the debt level of their prospective borrowers during the loan evaluation process, and hence prevent future defaults as well as reduce the over-indebtedness problem in this country.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Idris, Nur Hafidzah
author_facet	Idris, Nur Hafidzah
author_sort	Idris, Nur Hafidzah
title	Determinants of over-indebtedness from a borrower's perspective among young debt management program (DMP) clients in Malaysia / Nur Hafidzah Idris
title_short	Determinants of over-indebtedness from a borrower's perspective among young debt management program (DMP) clients in Malaysia / Nur Hafidzah Idris
title_full	Determinants of over-indebtedness from a borrower's perspective among young debt management program (DMP) clients in Malaysia / Nur Hafidzah Idris
title_fullStr	Determinants of over-indebtedness from a borrower's perspective among young debt management program (DMP) clients in Malaysia / Nur Hafidzah Idris
title_full_unstemmed	Determinants of over-indebtedness from a borrower's perspective among young debt management program (DMP) clients in Malaysia / Nur Hafidzah Idris
title_sort	determinants of over-indebtedness from a borrower's perspective among young debt management program (dmp) clients in malaysia / nur hafidzah idris
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Business Management
publishDate	2022
url	https://ir.uitm.edu.my/id/eprint/59515/1/59515.pdf
_version_	1783735035299364864

Determinants of over-indebtedness from a borrower's perspective among young debt management program (DMP) clients in Malaysia / Nur Hafidzah Idris

相似书籍