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Religiosity, gambling attitudes, and fintech credit adoption

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  • Hashemi Joo, Mohammad
  • Nishikawa, Yuka
  • Dandapani, Krishnan

Abstract

We investigate how religious beliefs and gambling attitudes play a role in the adoption of fintech mortgage lending, a new type of lending facilitated by online platforms. Prior research suggests that religiosity is associated with greater risk aversion and that regions with a higher ratio of Catholics to Protestants exhibit a stronger inclination towards gambling. Based on these arguments and the risky nature of fintech credit, we conjecture that fintech mortgage lending is less adopted in regions with high religiosity and more adopted in regions with high gambling preference. We empirically test and find support to these hypotheses.

Suggested Citation

  • Hashemi Joo, Mohammad & Nishikawa, Yuka & Dandapani, Krishnan, 2024. "Religiosity, gambling attitudes, and fintech credit adoption," Finance Research Letters, Elsevier, vol. 67(PB).
    • Handle: RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324009887
    DOI: 10.1016/j.frl.2024.105958
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    More about this item

    Keywords

    Fintech; Fintech lending; Religiosity; Gambling attitudes;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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