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


SEVİM N., TEMİZEL F., SAYILIR Ö.

INTERNATIONAL JOURNAL OF CONSUMER STUDIES, vol.36, no.5, pp.573-579, 2012 (SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 36 Issue: 5
  • Publication Date: 2012
  • Doi Number: 10.1111/j.1470-6431.2012.01123.x
  • Journal Name: INTERNATIONAL JOURNAL OF CONSUMER STUDIES
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus
  • Page Numbers: pp.573-579
  • Keywords: Financial literacy, consumer borrowing behaviour, Turkish financial consumers, excessive borrowing
  • Anadolu University Affiliated: Yes

Abstract

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.