What Determines University Students’ Online Consumer Credit? Evidence From China
In recent years, online consumer credit in China has boomed. Many Chinese undergraduates are interested in utilizing online consumer credit to meet their increasing consumption needs. However, the explosion in online loans to students has created many problems. Based on a survey of 286 undergraduate...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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SAGE Publishing
2019-03-01
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| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/2158244019833594 |
| _version_ | 1819297787368439808 |
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| author | Yu Hao Shuang Liu Zhu Liduzi Jiesisibieke Yi-Jie Xu |
| author_facet | Yu Hao Shuang Liu Zhu Liduzi Jiesisibieke Yi-Jie Xu |
| author_sort | Yu Hao |
| collection | DOAJ |
| description | In recent years, online consumer credit in China has boomed. Many Chinese undergraduates are interested in utilizing online consumer credit to meet their increasing consumption needs. However, the explosion in online loans to students has created many problems. Based on a survey of 286 undergraduate students from four universities in Beijing, the capital of China, this study provides an empirical analysis of the economic and social determinants of undergraduates’ consumer credit. The estimation results indicate that online consumer credit demand is positively related to years of schooling, monthly living expenses, financial support from the student’s university, and consumption preferences. However, other factors, including major field of study, highest level of parental education, and advertisements in the media and on campus, have negative influences on undergraduates’ online consumer credit. The findings have significant practical and policy implications. Specifically, it is necessary and important for the government, universities, and families to coordinate to guide and educate college students to utilize online loans properly and wisely. |
| first_indexed | 2024-12-24T05:19:33Z |
| format | Article |
| id | doaj.art-4dbb11a2525b47f193c099d3195fd27e |
| institution | Directory Open Access Journal |
| issn | 2158-2440 |
| language | English |
| last_indexed | 2024-12-24T05:19:33Z |
| publishDate | 2019-03-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | SAGE Open |
| spelling | doaj.art-4dbb11a2525b47f193c099d3195fd27e2022-12-21T17:13:29ZengSAGE PublishingSAGE Open2158-24402019-03-01910.1177/2158244019833594What Determines University Students’ Online Consumer Credit? Evidence From ChinaYu Hao0Shuang Liu1Zhu Liduzi Jiesisibieke2Yi-Jie Xu3Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing, ChinaSchool of Agricultural Economics and Rural Development, Remin University of China, ChinaInstitute for Hospital Management, Tsinghua University, ChinaHSBC Business School, Peking University, ChinaIn recent years, online consumer credit in China has boomed. Many Chinese undergraduates are interested in utilizing online consumer credit to meet their increasing consumption needs. However, the explosion in online loans to students has created many problems. Based on a survey of 286 undergraduate students from four universities in Beijing, the capital of China, this study provides an empirical analysis of the economic and social determinants of undergraduates’ consumer credit. The estimation results indicate that online consumer credit demand is positively related to years of schooling, monthly living expenses, financial support from the student’s university, and consumption preferences. However, other factors, including major field of study, highest level of parental education, and advertisements in the media and on campus, have negative influences on undergraduates’ online consumer credit. The findings have significant practical and policy implications. Specifically, it is necessary and important for the government, universities, and families to coordinate to guide and educate college students to utilize online loans properly and wisely.https://doi.org/10.1177/2158244019833594 |
| spellingShingle | Yu Hao Shuang Liu Zhu Liduzi Jiesisibieke Yi-Jie Xu What Determines University Students’ Online Consumer Credit? Evidence From China SAGE Open |
| title | What Determines University Students’ Online Consumer Credit? Evidence From China |
| title_full | What Determines University Students’ Online Consumer Credit? Evidence From China |
| title_fullStr | What Determines University Students’ Online Consumer Credit? Evidence From China |
| title_full_unstemmed | What Determines University Students’ Online Consumer Credit? Evidence From China |
| title_short | What Determines University Students’ Online Consumer Credit? Evidence From China |
| title_sort | what determines university students online consumer credit evidence from china |
| url | https://doi.org/10.1177/2158244019833594 |
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