scholarly journals Are Credit-Based Internet Consumer Finance Platforms Sustainable? A Study on Continuous Use Intention of Chinese Users

2021 ◽  
Vol 13 (24) ◽  
pp. 13629
Author(s):  
Ming Chen ◽  
Fan Yang ◽  
Yongrok Choi
Keyword(s):  
Sustainable Development ◽  
Financial Literacy ◽  
Consumer Finance ◽  
Buying Behavior ◽  
Financial Model ◽  
Service Market ◽  
The Sustainable Development ◽  
Impulsive Buying ◽  
Near Term ◽  
Continuous Use

Internet consumer finance platforms (ICFPs), as a new Internet financial model, have emerged and been widely adopted by Chinese as well as global online shoppers following the rapid growth of e-commerce. This emerging financial tool is, however, luring younger generations deep into debt. It jeopardizes the Sustainable Development Goal (SDG) 1—No poverty, bringing the sustainability of this consumer financial model into question. To aid the sustainable development of ICFP industry, this paper distinguishes two antecedents of continuous use intention for ICFP users: (1) satisfaction, as a sustainable determinant; and (2) impulsive buying, as a non-sustainable determinant. We found satisfaction (b = 0.452) has a larger positive effect on continuous use intention compared to impulsive buying (b = 0.229). Therefore, ICFPs should weigh heavier on technology innovation instead of seducing consumers’ impulsive buying behavior. We also found that credit limit misconception poses the largest impact (b = 0.483) on impulsive buying. In the near term, governments and ICFPs may initiate public programs to improve ICFP users’ financial literacy in order to restrain their unsustainable impulsive buying behavior and cultivate their sustainable satisfaction on ICFP technology and service. Market regulators may build up institutional frameworks to tighten the abuse of financial platforms on credit issuing power and better foster sustainable entrepreneurship in this new financial platform business.

scholarly journals Financial Literacy on Impulsive Buying Behavior in Y Generation

2020 ◽  
Vol 1 (1) ◽  
pp. 70-75
Author(s):  
Nur Aini Anisa ◽  
Syamsul Arifin ◽  
Lis Setyowati ◽  
Nur Hidayah ◽  
Aisyah Darti Megasari
Keyword(s):  
Regression Analysis ◽  
Data Analysis ◽  
Linear Regression ◽  
Financial Literacy ◽  
Linear Regression Analysis ◽  
Early Adulthood ◽  
Sampling Technique ◽  
Impulse Buying ◽  
Buying Behavior ◽  
Impulsive Buying

Impulse buying is a phenomenon that can occur in all generations but more done by the generation that undergoes a change that is the age of adolescents who step on the early adulthood of the Y generation who actually do not have the financial ability to meet their needs. This study aims to analyze the influence of financial literacy on the impulsive buying behavior of online products in Y generation. This research is a descriptive research type, with a quantitative approach. The population of 733 students. The sampling technique used in this research is nonprobability sampling by using purposive sampling type with sample of 142 students. The subject of this research is the students of university. Data collection technique using questionnaire. Data were analyzed using linear regression analysis. The result of data analysis shows that there is influence of financial literacy on impulse buying behavior of online product in Y generation. It means the higher the student's financial literacy, the lower the impulse buying behavior. Conversely, the lower the student's financial literacy, the higher the impulse buying behavior. Data were analyzed using linear regression analysis. The result of data analysis shows that financial literacy has negative effect, but significant to impulsive buying behavior of online product in Y generation. It means The higher student's financial literacy, the lower impulse buying behavior. Conversely, the lower student's financial literacy, the higher impulse buying behavior.

scholarly journals Strategic Management of Sustainable Development of Cities

2018 ◽  
Keyword(s):  
Sustainable Development ◽  
Strategic Management ◽  
Strategic Analysis ◽  
Environmental Aspects ◽  
The Sustainable Development ◽  
Existing Problems ◽  
Strategic Approach ◽  
Continuous Use ◽  
The City ◽  
Responsible Manner

The article discusses the conceptual theoretical positions of the strategic management of the sustainable development of the cities of Ukraine, which are associated with the reforms at all levels. The introduction of a strategic approach to managing urban development is based on defining the characteristics of a city as a subject-object system, on existing problems that require urgent solutions, on recognizing the specificity of sustainable development, which consists in balancing the economic, social and environmental aspects of development to meet the diverse interests of today’s stakeholders and does not jeopardize the ability of future generations to meet their needs in terms of quantity and quality on the level is no lower than today. The work defines the essence of the category «management» and shows that the implementation of management (as a function, as a process, as an action) requires art, namely: intuition, experience, non-standard and unexpected decisions, which are based on diverse knowledge and skills. Thus, the issue of the availability of relevant competencies among the most diverse stakeholders (subjects) of the management process is being updated. Particular attention is paid to identifying the features and benefits of using a strategic approach in managing sustainable development of the city, which provides various benefits to all participants in this process and is a means of combining efforts, coordinating interests and positions, coordinating the activities of all stakeholders. Strategic management of sustainable development is considered as a process (i.e., a certain sequence of stages, actions implemented to achieve the goal), which is based on a developed ability to think strategically, use the strategy of cooperation and realize their own responsibility for the decisions made and their results of all stakeholders. The content of the three main stages of strategic management is presented ‒ strategic analysis, strategic choice and implementation of changes. It was noted that the achievement of sustainable development of the city is possible under the condition of conscious, systematic, continuous use of appropriate tools and methods by all stakeholders who act in a coordinated, coordinated, motivated and responsible manner.

scholarly journals The Sustainable Development Goals and Agenda 2063: Implications for Economic Integration in Africa

2016 ◽  
Vol 8 (4) ◽  
pp. 45 ◽  
Author(s):  
Donald Lee Sparks
Keyword(s):  
Sustainable Development ◽  
Economic Integration ◽  
Consumer Choice ◽  
Global Economy ◽  
Free Trade Area ◽  
The Sustainable Development ◽  
Trade Area ◽  
Funding Mechanism ◽  
Near Term ◽  
Agenda 2063

<p>This paper examines how Africa’s recent efforts to promote economic integration, specifically<br />the Regional Economic Communities (RECs) and the proposed Continental Free Trade Area<br />(CFTA) are supported by and in harmony with the Post 2015 Development Agenda and the<br />African Union’s Agenda 2063 initiative.<br />The World Bank’s Global Economic Prospects projects for the period 2014-2017 that five of<br />the world’s 13 top growing economies will be in Africa. However, it is distressing and puzzling<br />that such growth has not been accompanied by reduced poverty, income inequality and<br />unemployment. It is also unsettling that few states met all of the Millennium Development<br />Goals (MDGs) which expired at the end of last year. Furthermore, Africa will likely be<br />confronted by daunting challenges in the near term. This ominous situation is enhanced by the<br />nature of Africa’s trade, both within the continent and in the global economy.<br />To counter some of these constraints, especially the tariff barriers, the RECs and the CFTA will<br />be critical in stimulating trade growth. Increased economic integration, either on a regional<br />level or on a continent-wide level under the general guidelines of the Sustainable Development<br />Goals (SDGs) and Agenda 2063 will result in increased trade which will, in the long term,<br />increase incomes, reduce poverty, increase employment, provide greater consumer choice, and<br />will offer shelter from exogenous external shocks. However, at least in the short term, such<br />gains are also typically accompanied by loses. This paper calls for a continental Integration<br />Compensation Funding Mechanism (ICFM) to balance some of these loses. The ICFM would<br />be developed and managed by the African Development Bank, the United Nations Economic<br />Commission for Africa and the African Union.</p>

scholarly journals Consumer Financial Knowledge and Cashless Payment Behavior for Sustainable Development in Poland

2021 ◽  
Vol 13 (11) ◽  
pp. 6401
Author(s):  
Beata Świecka ◽  
Paweł Terefenko ◽  
Tomasz Wiśniewski ◽  
Jingjian Xiao
Keyword(s):  
Sustainable Development ◽  
Financial Literacy ◽  
Scientific Research ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Main Element ◽  
Personal Traits ◽  
The Sustainable Development ◽  
Complex Concept

Financial knowledge is the main element of financial literacy, which is important for the sustainable development of individuals and society. Sustainability is a complex concept that spans many fields, including financial knowledge for all ages. Financial knowledge requires significant scientific research showing its impact on individuals and the economy, including non-cash payments. Consumer payment knowledge and its association with consumer financial behavior have long been a matter of widespread interest by researchers, but no in-depth, empirically based scientific research has been completed for Poland. The objective of this study was to examine factors associated with cashless payment behavior with an emphasis on the role of consumer financial knowledge. A total of 1100 interviews were carried out with Polish nationals aged 15 and above. The collected data were analyzed with the use of statistical methods, including analysis of variances (ANOVA), in order to examine consumers’ financial knowledge by basic economic and non-economic factors. Additionally, a data-mining method known as Random Forests was implemented for finding the variable importance in correlations between consumer financial knowledge and preferred methods of payment. The results revealed the diversity of factors influencing consumer behavior. Among the consumers’ personal traits, financial knowledge was one of the most important determinants of their payment choices. The results have implications for the design of payment processes. The results can be used by central banks to determine the directions of financial inclusion, as well as for stakeholders in the payments market.

Financial Literacy and Innovation Performance in SMEs

2021 ◽  
pp. 58-81
Author(s):  
Marta Campos Valenzuela ◽  
Sofía Louise Martínez-Martínez ◽  
Julio Diéguez Soto
Keyword(s):  
Sustainable Development ◽  
Mediation Analysis ◽  
Financial Literacy ◽  
Innovation Performance ◽  
Theory And Practice ◽  
Quantitative Approach ◽  
The Sustainable Development ◽  
Business Innovation ◽  
Positive Effect ◽  
Practical Implications

Innovation is an essential aspect for the sustainable development of small and medium-sized enterprises (SMEs). Defining formulas to encourage innovation is therefore crucial. Financial literacy is an area of growing interest in both theory and practice and its relationship with innovation performance has been little studied. This chapter examines the importance of financial literacy for business innovation and the effect that risk-taking has on this relationship. Using a quantitative approach, 309 Spanish SMEs of different sectors are analysed. A mediation analysis shows both a direct and an indirect positive effect on innovation. Thus, this chapter brings insights, developing the existing literature of SMEs. So, it contributes to broaden the scope of the innovation and therefore the sustainable development of these firms. Practical implications are presented for four differentiated areas, which may enhance the sustainable development of SMEs: business management, entrepreneurship, public policies, and university.

scholarly journals Financial Literacy on Impulsive Buying Behavior in Y Generation

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Nur Aini Anisa ◽  
Syamsul Arifin ◽  
Lis Setyowati ◽  
Nur Hidayah ◽  
Aisyah Darti Megasari
Keyword(s):  
Regression Analysis ◽  
Data Analysis ◽  
Linear Regression ◽  
Financial Literacy ◽  
Linear Regression Analysis ◽  
Early Adulthood ◽  
Sampling Technique ◽  
Impulse Buying ◽  
Buying Behavior ◽  
Impulsive Buying

Impulse buying is a phenomenon that can occur in all generations but more done by the generation that undergoes a change that is the age of adolescents who step on the early adulthood of the Y generation who actually do not have the financial ability to meet their needs. This study aims to analyze the influence of financial literacy on the impulsive buying behavior of online products in Y generation. This research is a descriptive research type, with a quantitative approach. The population of 733 students. The sampling technique used in this research is nonprobability sampling by using purposive sampling type with sample of 142 students. The subject of this research is the students of university. Data collection technique using questionnaire. Data were analyzed using linear regression analysis. The result of data analysis shows that there is influence of financial literacy on impulse buying behavior of online product in Y generation. It means the higher the student's financial literacy, the lower the impulse buying behavior. Conversely, the lower the student's financial literacy, the higher the impulse buying behavior. Data were analyzed using linear regression analysis. The result of data analysis shows that financial literacy has negative effect, but significant to impulsive buying behavior of online product in Y generation. It means The higher student's financial literacy, the lower impulse buying behavior. Conversely, the lower student's financial literacy, the higher impulse buying behavior.

scholarly journals THE INFLUENCE OF FINANCIAL LITERACY ON BANDUNG GENERATION Z CONSUMERS IMPULSIVE BUYING BEHAVIOR WITH SELF-CONTROL AS MEDIATING VARIABLE

2021 ◽  
Vol 3 (9) ◽  
pp. 155-171
Author(s):  
Maximilla Febriana Ayuningtyas ◽  
Atika Irawan
Keyword(s):  
Financial Literacy ◽  
Sampling Method ◽  
Descriptive Statistics ◽  
Self Control ◽  
Buying Behavior ◽  
Generation Z ◽  
Analysis Technique ◽  
Impulsive Buying ◽  
Inferential Analysis ◽  
Risk Taker

The development of information technology in the industrial era 4.0 has affected various aspects of life, including the financial sector by promoting digital payment. The ability to manage finances well is needed in dealing with this situation. Addressing this phenomenon, Indonesian citizens, especially Generation Z who are considered full of confidence, enthusiasm, and risk-taker are also required to have a comparable readiness to avoid unwanted things like falling into impulsive buying behavior. The objective of this research is to examine: (1) the influence of financial literacy on consumers' impulsive buying behavior; (2) the influence of financial literacy on self-control; and (3) the influence of financial literacy on consumers' impulsive buying behavior with self-control as mediating variable. This study is comparative causal research with a quantitative approach. The object for this study is Generation Z who are individuals aged 17-24 years and who stayed in Bandung, Indonesia, as Bandung is one of the favorite destinations city in Indonesia to pursue higher studies. The sampling method the author used is convenience and purposive sampling. While the data collection method is through a survey using a questionnaire. The author collecting a total of 422 samples. The data analysis technique used is descriptive statistics, inferential analysis, and path analysis. The findings of this study revealed that: (1) financial literacy has a negative and significant effect on consumers impulsive buying behavior; (2) financial literacy has a positive and significant effect on self-control; and (3) self-control is able to mediate the effect of financial literacy on consumers impulsive buying behavior.

scholarly journals Research on the influence of internet consumer finance on the consumption behavior of rural residents in China

2021 ◽  
Vol 292 ◽  
pp. 02044
Author(s):  
Meng Lei
Keyword(s):  
Sustainable Development ◽  
Empirical Study ◽  
Current Situation ◽  
Consumer Finance ◽  
Consumption Expenditure ◽  
Rural Residents ◽  
The Sustainable Development ◽  
Consumption Behavior ◽  
Spss Software ◽  
Countermeasures And Suggestions

Internet consumer finance is in the midst of the sustainable development of the current situation, this paper focuses on Internet consumer finance influence on rural residents’ consumption in China, Through the analysis of selected data by SPSS software, the empirical study proves that the development of Internet consumer finance can promote the increase of rural residents’ consumption expenditure. but the development of rural Internet consumer finance there are still some problems, thus put forward a series of countermeasures and Suggestions, for the relevant personnel to improve a certain reference and help.

How Far Is Inclusivity of Financial Services Associated With Food Insecurity in Later Life? Implications for Health Policy and Sustainable Development Goals

2020 ◽  
pp. 073346482090744 ◽  
Author(s):  
Razak M. Gyasi ◽  
David R. Phillips ◽  
Anokye M. Adam
Keyword(s):  
Sustainable Development ◽  
Food Insecurity ◽  
Financial Literacy ◽  
Financial Services ◽  
Linear Models ◽  
Later Life ◽  
The Sustainable Development ◽  
Breakfast Skipping ◽  
Interaction Terms ◽  
And Gender

This study investigates how financial services inclusion (FSI) may affect food insecurity among older Ghanaians and seeks to identify any modifying roles of age and gender in the associations. Data were analyzed for 1,200 adults aged 50+ years. Generalized linear models with a logit link function examined associations and interaction terms. Average FSI score was 1.9 ( SD = 1.8), and the prevalence of hunger and breakfast skipping were 35.6% (95% confidence interval [CI]: [32.9%, 38.4%]) and 28.8% (95% CI: [26.3%, 31.5%]) respectively. After full adjustment for potential confounders, FSI was associated with 0.459 (95% CI: [0.334, 0.629]) and 0.599 (95% CI: [0.434, 0.827]) times lower odds for hunger and breakfast skipping respectively. However, the corresponding interactions were statistically insignificant. The findings indicate the potentially important role of FSI in reducing food insecurity in later life. Development of policies to empower older people economically through increased financial literacy and easier access to financial services may help actualize the Sustainable Development Goal 2.

scholarly journals Ongoing Trust and Tourism O2O Platform Continuance: A Two-Trustee Involved Model With Moderating Variable

SAGE Open ◽  
2020 ◽  
Vol 10 (2) ◽  
pp. 215824402092065
Author(s):  
Xinxiang Zhang
Keyword(s):  
Sustainable Development ◽  
Service Quality ◽  
Integrated Model ◽  
Loyalty Program ◽  
Initial Trust ◽  
Web Based ◽  
The Sustainable Development ◽  
Empirical Results ◽  
Program Benefits ◽  
Continuous Use

Continuous use is critical for the survival and success of any tourism online-to-offline (O2O) platforms. Much prior research has focused on initial trust on initial adoption of e-commerce websites but pays less attention to the effect of ongoing trust on continuous use. This study presents an integrated model, including two categories of ongoing trust to test their contributions on tourism O2O platform continuance. It also examines their different antecedents, impacts, and the interactions between them. Drawn from a web-based survey with 418 responses, empirical results show that ongoing trust in O2O platforms positively influence platform continuance, whereas ongoing trust in offline destinations positively influence ongoing trust in platforms. Confirmations of expected product and service quality are significant to ongoing trust in destinations, but confirmation of expected convenience is not. Confirmations of expected platform quality, specific guarantees, and loyalty program benefits are significant to ongoing trust in platforms. In addition, the antecedents and effects of ongoing trust in platforms are different between experienced and less-experienced customers. These findings have useful implications on how academics and practitioners work together to ensure the sustainable development of their tourism O2O businesses.

Sign in / Sign up

Export Citation Format

Share Document