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Antecedents of consumer indebtedness in a majority-Muslim country: Assessing the moderating effects of gender and religiosity using PLS-MGA

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  • Lebdaoui, Hind
  • Chetioui, Youssef

Abstract

The aim of this research was to investigate the mechanisms that explain why people choose to buy on credit in a majority-Muslim country context. We propose and test a thorough model explaining the key behavioral and demographic factors leading to attitude towards debt, materialism, and consumer indebtedness. Materialism is assessed as a mediator in the effect of attitude towards debt on consumer indebtedness, and the moderating effects of gender and Islamic religiosity were examined and analyzed using Multi-Group analysis (MGA). Based on data collected from 1,294 Moroccan households, we empirically tested the conceptual model using structural equation modeling. This empirical study is the first of its type to address consumer indebtedness in the MENA region. Our findings allow a better comprehension of consumer indebtedness and have a potential to help in promoting enhanced public policies, better promotional campaigns, and fruitful financial education programs for households in similar markets.

Suggested Citation

  • Lebdaoui, Hind & Chetioui, Youssef, 2021. "Antecedents of consumer indebtedness in a majority-Muslim country: Assessing the moderating effects of gender and religiosity using PLS-MGA," Journal of Behavioral and Experimental Finance, Elsevier, vol. 29(C).
  • Handle: RePEc:eee:beexfi:v:29:y:2021:i:c:s2214635020303725
    DOI: 10.1016/j.jbef.2020.100443
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    Cited by:

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    2. Aswathi Rebecca Asok & Joe Cox, 2024. "Debt Attitude and Debt Accumulation among Rural Poor Households in a Developing Region: A Q-squared Approach," Working Papers in Economics & Finance 2024-03, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    3. Kumar, Satish & Rao, Sandeep & Goyal, Kirti & Goyal, Nisha, 2022. "Journal of Behavioral and Experimental Finance: A bibliometric overview," Journal of Behavioral and Experimental Finance, Elsevier, vol. 34(C).
    4. Bikramjit Rishi & Dilip Kumar Mallick & Atul Shiva, 2024. "Examining the dynamics leading towards credit card usage attitude: an empirical investigation using importance performance map analysis," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(1), pages 79-96, March.
    5. Hind Lebdaoui & Youssef Chetioui & Tahar Harkat, 2024. "Propensity towards Islamic banking among non-users: a mixed-methods analysis," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(1), pages 45-66, March.

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