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Características de personalidad y cognitivas: Efectos sobre el comportamiento de repago

Author

Listed:
  • Maria José Roa

    (CEMLA)

  • Sonia Di Giannatale

    (CIDE)

  • Alexander Elbittar

    (CIDE)

Abstract

This study analyzes the relationship of credit repayment behavior with personal and cognitive characteristics and with preferences; in addition, it analyses the relationship of amounts of indebtedness with the same three variables. We developed and applied a survey to a random sample of clients of the Provident, a personal loan financial institution in Mexico. Our study concludes, firstly, that people with higher levels of perseverance and consistency of interest towards long term goals tend to complete all their payments on time. Secondly, the more impatient individuals are, the more they wish to repay their debts on time. Lastly, the greater an individual’s preference for receiving payments in the future, and the lower their educational level, the lower will be their amount of indebtedness.

Suggested Citation

  • Maria José Roa & Sonia Di Giannatale & Alexander Elbittar, 2015. "Características de personalidad y cognitivas: Efectos sobre el comportamiento de repago," Documentos de Investigación - Research Papers 20, CEMLA.
    • Handle: RePEc:cml:docinv:20
    as

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    References listed on IDEAS

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    Cited by:

    1. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo & Ana María Tribín-Uribe, 2018. "Determinants of Formal and Informal Saving in Colombia," Investigación Conjunta-Joint Research, in: María José Roa García & Diana Mejía (ed.), Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean, edition 1, volume 1, chapter 4, pages 95-123, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    2. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo & Ana María Tribín-Uribe, 2018. "Factores determinantes del ahorro formal e informal en Colombia," Investigación Conjunta-Joint Research, in: María José Roa García & Diana Mejía (ed.), Decisiones financieras de los hogares e inclusión financiera: evidencia para América Latina y el Caribe, edition 1, volume 1, chapter 4, pages 101-131, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    3. María José Roa García & Diana Mejía (ed.), 2018. "Decisiones financieras de los hogares e inclusión financiera: evidencia para América Latina y el Caribe," Investigación Conjunta-Joint Research, Centro de Estudios Monetarios Latinoamericanos, CEMLA, edition 1, volume 1, number 7sp, December.
    4. Dairo Ayiber Estrada & Ana María Yaruro-Jaime & Felipe Clavijo-Ramírez & Laura Marcela Capera Romero & Jairo Gómez, 2023. "The Development of Microcredit in Colombia," Books, Banco de la Republica de Colombia, number 2023-isbn:9786289511222 edited by Asomicrofinanzas & Banco de la República.

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    More about this item

    Keywords

    Personal finance; personality characteristics; cognitive characteristics; time and risk preferences.;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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