IDEAS home Printed from https://ideas.repec.org/p/osf/osfxxx/jcua6.html
   My bibliography  Save this paper

Assessment of Credit Card Market Features in Malaysia: Risk of Achieving Women’s Financial Empowerment

Author

Listed:
  • Alam, Md. Mahmudul

    (Universiti Utara Malaysia)

  • Ismail, Russayani
  • Said, Jamaliah
  • Pahlevi, Reza Widhar

Abstract

There are many market segmentations in the credit card industry in Malaysia. One of the special categories of credit card is dedicated to the women group only and promoted as a tool for increasing women empowerment, women entrepreneurship development and women financial access ability. Therefore, this study compares the features of credit cards dedicated to women and credit cards in general in Malaysia through descriptive statistics and one-way ANOVA test. This study utilizes data of currently available total 234 unique credit cards including four credit cards dedicated to the women group. The data analyses 13 features of credit cards. Among them only two features of credit cards dedicated to women are statistically significantly different from credit cards in general, which are annual charge for balance transfer and cash back facility. Therefore, it is recommended to make more distinguish features in the credit cards that are dedicated to them to encourage more women entrepreneurship as well as to ensure their real financial empowerment. The outcomes of this research will provide useful interpretations to women consumers, business managers, NGOs, government agencies and other policymakers who are working on women’s development issues.

Suggested Citation

  • Alam, Md. Mahmudul & Ismail, Russayani & Said, Jamaliah & Pahlevi, Reza Widhar, 2021. "Assessment of Credit Card Market Features in Malaysia: Risk of Achieving Women’s Financial Empowerment," OSF Preprints jcua6, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:jcua6
    DOI: 10.31219/osf.io/jcua6
    as

    Download full text from publisher

    File URL: https://osf.io/download/61fa1264026ee6088cb50858/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/jcua6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Loke Yiing Jia, 2007. "Determinants of Merchant Participation in Credit Card Payment Schemes," Review of Network Economics, De Gruyter, vol. 6(4), pages 1-21, December.
    2. Rafiqul Molla & M. Alam & Abu Wahid, 2008. "Questioning Bangladesh's Microcredit," Challenge, Taylor & Francis Journals, vol. 51(6), pages 113-121.
    3. Davies, Emma & Lea, Stephen E. G., 1995. "Student attitudes to student debt," Journal of Economic Psychology, Elsevier, vol. 16(4), pages 663-679, December.
    4. Alam, Md. Mahmudul & Aliyu, Ahmed & Shahriar, Shawon Muhammad, 2019. "Presenting Women as Sexual Objects in Marketing Communications: Perspective of Morality, Ethics and Religion," OSF Preprints f5yqp, Center for Open Science.
    5. Tae Soo Kang & Guonan Ma, 2007. "Recent episodes of credit card distress in Asia," BIS Quarterly Review, Bank for International Settlements, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alam, Md. Mahmudul & Ismail, Russayani & Said, Jamaliah & Dirie, Khadar Ahmed, 2022. "Assessment of Features and Market Segmentation of the Credit Card Industry in Malaysia," OSF Preprints j84f5, Center for Open Science.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Md. Mahmudul Alam & Russayani Ismail & Jamaliah Said & Reza Widhar Pahlevi, 2021. "Assessment of Credit Card Features in Malaysia: Risk of Achieving Women's Financial Empowerment," Post-Print hal-03538174, HAL.
    2. Alam, Md. Mahmudul & Ibrahim, Yusnidah Bt & Sriyana, Jaka, 2022. "Do Education Sector Credit Cards Differ with Other Credit Cards in Malaysia?," OSF Preprints h9b7c, Center for Open Science.
    3. Alam, Md. Mahmudul & Ismail, Russayani & Said, Jamaliah & Dirie, Khadar Ahmed, 2022. "Assessment of Features and Market Segmentation of the Credit Card Industry in Malaysia," OSF Preprints j84f5, Center for Open Science.
    4. Shin, Minchul & Zhang, Boyuan & Zhong, Molin & Lee, Dong Jin, 2018. "Measuring international uncertainty: The case of Korea," Economics Letters, Elsevier, vol. 162(C), pages 22-26.
    5. Rafiqul Islam Molla & Md. Mahmudul Alam, 2011. "Microcredit - A More Credible Social than Economic Program in Bangladesh," Economics Bulletin, AccessEcon, vol. 31(2), pages 1095-1104.
    6. Booij, Adam S. & Leuven, Edwin & Oosterbeek, Hessel, 2012. "The role of information in the take-up of student loans," Economics of Education Review, Elsevier, vol. 31(1), pages 33-44.
    7. Michael Daly & Liam Delaney & Séamus McManus, 2010. "Risk Attitudes as an Independent Predictor of Debt," Working Papers 201049, Geary Institute, University College Dublin.
    8. Mewse, Avril J. & Lea, Stephen E.G. & Wrapson, Wendy, 2010. "First steps out of debt: Attitudes and social identity as predictors of contact by debtors with creditors," Journal of Economic Psychology, Elsevier, vol. 31(6), pages 1021-1034, December.
    9. C. Leigh ANDERSON & Mary Kay GUGERTY, 2009. "Intertemporal Choice And Development Policy: New Evidence On Time‐Varying Discount Rates From Vietnam And Russia," The Developing Economies, Institute of Developing Economies, vol. 47(2), pages 123-146, June.
    10. Fennee Chong Author_Email: fenneechong@sarawak.uitm.edu.my, 2011. "Credit Card Dues," Annual Summit on Business and Entrepreneurial Studies (ASBES 2011) Proceeding 2011-016-137, Conference Master Resources.
    11. Gasiorowska, Agata, 2008. "Różnice indywidualne jako determinanty postaw wobec pieniędzy [Individual differences as determinants of money attitudes]," MPRA Paper 42684, University Library of Munich, Germany.
    12. Stefano Cosma & Francesco Pattarin, 2012. "Attitudes, personality factors and household debt decisions: A study of consumer credit," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 12021, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    13. Robert Scott, 2010. "Credit Card Ownership Among American High School Seniors: 1997–2008," Journal of Family and Economic Issues, Springer, vol. 31(2), pages 151-160, June.
    14. Anderson, C Leigh & Dietz, Maya & Gordon, Andrew & Klawitter, Marieka, 2004. "Discount Rates in Vietnam," Economic Development and Cultural Change, University of Chicago Press, vol. 52(4), pages 873-887, July.
    15. Leigh Anderson & Kostas G. Stamoulis, 2006. "Applying Behavioural Economics to International Development Policy," WIDER Working Paper Series RP2006-24, World Institute for Development Economic Research (UNU-WIDER).
    16. Popovich, Jacob J. & Loibl, Cäzilia & Zirkle, Christopher & Whittington, M. Susie, 2020. "Community college students’ response to a financial literacy intervention: An exploratory study," International Review of Economics Education, Elsevier, vol. 34(C).
    17. Mahmudul Alam & Rafiqul Islam Molla, 2012. "Limitations Of Microcredit For Promoting Microenterprises In Bangladesh," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 57(192), pages 41-54, January –.
    18. Michal Bauer & Julie Chytilová, 2007. "Does Education Matter in Patience Formation? Evidence from Ugandan Villages," Working Papers IES 2007/10, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Feb 2007.
    19. Shweta Singh & David H. Rylander & Tina C. Mims, 2016. "College students and credit card companies: Implications of attitudes," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 21(3), pages 182-193, September.
    20. Veneta Sotiropoulos & Alain d’Astous, 2013. "Attitudinal, Self-Efficacy, and Social Norms Determinants of Young Consumers’ Propensity to Overspend on Credit Cards," Journal of Consumer Policy, Springer, vol. 36(2), pages 179-196, June.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:osfxxx:jcua6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://osf.io/preprints/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.