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Open AccessArticle

Financial Knowledge, Personality Traits, and Risky Borrowing Behaviors in Iranian Households

Department of Financial Planning, Housing and Consumer Economics, College of Family and Consumer Sciences, University of Georgia, Athens, GA 30602, USA
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Sustainability 2020, 12(18), 7608; https://doi.org/10.3390/su12187608
Received: 7 August 2020 / Revised: 4 September 2020 / Accepted: 10 September 2020 / Published: 15 September 2020
This article examines the influence of financial knowledge and personality traits on risky borrowing behaviors among Iranian respondents. A proprietary dataset was used in this study. Logistic regression results indicated that numeracy and knowledge of the time value of money were negatively associated with two of the three risky borrowing behaviors (borrowing more than $1500 USD and use of rent-to-own). Conscientiousness was negatively related to the same two borrowing behaviors. Neuroticism negatively influenced use of payday lending. The article concludes with financial education policy suggestions for Iran and directions for future research. View Full-Text
Keywords: financial knowledge; financial literacy; Iran; personality traits financial knowledge; financial literacy; Iran; personality traits
MDPI and ACS Style

Cude, B.J.; Chatterjee, S.; Tavosi, J. Financial Knowledge, Personality Traits, and Risky Borrowing Behaviors in Iranian Households. Sustainability 2020, 12, 7608. https://doi.org/10.3390/su12187608

AMA Style

Cude BJ, Chatterjee S, Tavosi J. Financial Knowledge, Personality Traits, and Risky Borrowing Behaviors in Iranian Households. Sustainability. 2020; 12(18):7608. https://doi.org/10.3390/su12187608

Chicago/Turabian Style

Cude, Brenda J.; Chatterjee, Swarn; Tavosi, Jamal. 2020. "Financial Knowledge, Personality Traits, and Risky Borrowing Behaviors in Iranian Households" Sustainability 12, no. 18: 7608. https://doi.org/10.3390/su12187608

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Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

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