The effects of financial literacy on the borrowing behaviour of Turkish financial consumers

SEVİM N., TEMİZEL F., SAYILIR Ö.

INTERNATIONAL JOURNAL OF CONSUMER STUDIES, cilt.36, sa.5, ss.573-579, 2012 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 36 Sayı: 5
  • Basım Tarihi: 2012
  • Doi Numarası: 10.1111/j.1470-6431.2012.01123.x
  • Dergi Adı: INTERNATIONAL JOURNAL OF CONSUMER STUDIES
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.573-579
  • Anahtar Kelimeler: Financial literacy, consumer borrowing behaviour, Turkish financial consumers, excessive borrowing
  • Anadolu Üniversitesi Adresli: Evet

Özet

Our research attempts to measure the effects of financial literacy of Turkish financial consumers on the borrowing behaviour. A questionnaire is administered to a sample of 550 people in the city of Eskisehir. In-depth interviews are undertaken with 10 financial consumers to support the findings. Findings of the study indicate differences in the borrowing behaviour of consumers with different levels of financial literacy. Considering the relationship between financial literacy and borrowing behaviour, we suggest that attempts to increase financial literacy of financial consumers may have important implications in the prevention of excessive borrowing.