Impact Of Indebtedness Research Articles

Pengurusan Hutang Kad Kredit – Sorotan Literatur Bersistematik daripada 2010-2020 (Credit Card Debt Management – Systematic Literature Review from 2010-2020)

This systematic literature review highlights debt management among credit card owners in Southeast Asia. Getting financing at any financial institutions in Southeast Asia is easy - if you have enough qualifications. However, the impact of indebtedness has caused problems in managing it. Therefore, the author reviews previous studies that focus on consumer debt management. Meanwhile, the study adopted the methods of Preferred reporting Items for Systematic Reviews and Meta Analyses (PRISMA) by using two major databases, Scopus and Web of Science. As a result, there were 12 articles that were systematically analysed. After going through the theme analysis process, five main research themes were identified namely demographics, financial literacy, behavior, credit card management and economics. In total, under these themes, the study was able to publish 18 sub-themes and some new suggestions and directions to future researchers.

Os elementos antecedentes do endividamento e a satisfação com a vida

Studies show that times of crisis often result in major changes in society. From this perspective, when observing consumer behavior in the search for understanding and analyzing consumer indebtedness, it was necessary to take into account the individual elements (hedonism, theory of planned behavior, impulsiveness, financial factors, and materialism) that are presented in several studies explained here, as antecedents to indebtedness. In addition, the research also seeks to verify the possible impact of indebtedness on the life satisfaction of young Brazilian university students. Thus, an explanatory model was created and tested. Using a descriptive approach, a questionnaire was developed in the Google Forms tool. At the end of the survey which was carried out between August and November 2020 through dissemination in social media, a sample of 350 elements was obtained. Data analysis was performed using multivariate statistical techniques. The conclusion was that the level of knowledge and financial skills negatively impacts a person's debt potential and influences a more conscious attitude towards the use of credit, leading to smaller and short-term debt. It was also concluded that the level of concern about debt impacts satisfaction with one's own life.

English

The study aims to analyze the factors that determine the financial structure of listed companies based on  the impact of taxation on the value of companies (effective tax rate, tax savings, growth opportunities, asset tangibility, company size, Return on Assets (ROA), company seniority), and the impact of indebtedness on the profitability of enterprises measured by indebtedness rate, turnover, tangibility of assets and seniority of companies. The information collected from the annual financial statements for the period 2010 to 2019 related to the sample of companies was the basis for the analysis of the data panel using the method of multiple regressions. The results show that companies prefer equity as a means of financing and not debt because companies are sensitive to fiscal policies that are sometimes unpredictable and frequently changed. The influence that the fiscal variable has on the financial structure of the companies and its value is a constant result on the entire study. The result of the research also shows that there is an inverse proportion between the degree of indebtedness and the economic profitability of companies; very profitable companies have the ability to secure financing for most of the profits retained for this purpose.    Key words:  Investments, models, factors, influences, value.

Impact of Indebtedness on Financial Performance of Quoted Downstream Oil and Gas Companies in Nigeria.

Impact of Indebtedness on Financial Performance of Quoted Downstream Oil and Gas Companies in Nigeria.

FISCAL PERFORMANCE BENCHMARKING OF INDIAN STATES-A ROBUST FRONTIER APPROACH

Aim: The objective of the paper is to construct an index of fiscal performance of Indian states using four non-parametric approaches ( Data Envelopment Analysis(DEA), Free Disposal Hull(FDH), Order-m and Order-alpha).The reason behind using non-parametric methods for the purpose of construction of index is that the traditional ratio approach is incapable of handling multiple input and output indicators.Research methods: The present study uses a two stage approach. In the first stage, four non-parametric methods have been used to evaluate the performance of Indian states for five consecutive years. The input and output indicators have been selected on the basis of a simple theoretical model. Further, in order to tackle the problem of estimation bias (due to sampling variations) bootstrapped DEA and bootstrapped Order-m methods have been applied. In the second stage ,impact of indebtedness on the performance of the states has been assessed using a censored regression framework.Findings: The major outcome of the study is the construction of a fiscal performance index based on multiple indicators. Moreover, the second stage results indicate that state performance is significantly influenced by their degree of indebtedness.Originality/Value of the article: The present study is perhaps the first attempt to assess the performance of sub-national units in terms of both convex and non-convex mathematical programming methods.Implications of the research : The approach (with suitable modifications) can be effectively used to benchmark state performance which can serve as a basis for resource transfer from the central government to the states.

Impact of Indebtedness on the Risk of Domestic Violence

본 연구는 점증하는 가계부채에 대한 관심과 우려가 커지는 상황에서 가계부채가 부부폭력의 위험에 미치는 영향을 분석하였다. 자료는 한국복지패널 4~11차(2009~2016년) 데이터를 활용하였으며, 분석방법으로는 일반화추정방정식 (Generalized Estimating Equations)을 사용하였다. 분석 결과, 가계부채비(가처분소득 대비 총부채액)와 부채상환비 (가처분소득 대비 부채상환액)가 높아질수록 부부폭력의 위험도 증가하는 경향이 있었다. 비빈곤층에서는 높은 부채상환 비가, 빈곤층에서는 높은 비우량부채비가 부부폭력의 위험을 높이는 것으로 나타났다. 물질적 결핍의 매개효과 역시 빈곤 지위에 따라 달랐는데, 빈곤층에서는 물질적 결핍이 비우량부채비와 부부폭력의 관계를 매개하는 것으로 보이나, 비빈곤층에서는 그러한 관계가 관찰되지 않았다. 이 연구는 경제적 곤란이 부부관계의 질에 영향을 미친다는 가족스트레스모델을 가계부채의 역할에 초점을 맞추어 적용하고, 경제적 곤란을 야기하는 다양한 요인 중 부채 부담 수준이 부부폭력의 위 험에 미치는 영향을 실증분석 하였다는데 의미가 있다.

Indebtedness From the Perspective of Commercial Microfinance in India

Debt may be good but not the state of indebtedness! It has both qualitative and quantitative implications. Propensity to debt, especially “indebtedness” is a matter of concern. Impact of indebtedness varies both in degrees and dimensions. The state of being in debt (indebtedness) covers both personal and behavioural finance and is blended with positive and negative outcomes. On the positive side, people with easy access to debt have higher chances for financial wellness, provided the money is used for productive gain. The negative outcomes are desertion, distress and depression of the indebted consumers. Many a times, such incidence results in forced migration as observed in the cases of absconding. The extreme end of indebtedness leads to suicidal tendencies often culminating at self-killing! Such unpleasant incident potentially affect the present as well the future of a person. Sometimes the shock of indebtedness cascade down to a couple of generations. Recent agitations of the Tamil farmers, protesting for the announcement of a drought relief package and loan waiver, are evidences to what debt-distress is and what it can do!

External debt relief initiatives and economicgrowth in least developed countries

In the late 1990s, the World Bank and the International Monetary Fund (IMF) initiated a series of debt relief programs for highly indebted poor countries (HIPCs) based on the idea that high levels of indebtedness impede growth by discouraging domestic and foreign investment. This paper examines the relationship between external debt and growth with a focus on the effects of multilateral debt relief. In particular, we use a sample of 33 least developed countries (LDCs) over the period 1970-2010 to explore the impact of indebtedness on growth before and after participating in the debt relief initiatives. In contrast to previous studies, we employ a combination of parametric and non-parametric methods to investigate the linear and nonlinear aspects of the debt-growth relationship. In the non-parametric analysis, we model growth as a discreet-time Markov process and estimate the transition probabilities for HIPCs. The results show that lower debt levels stimulate economic growth. The average impact of debt on growth in HIPCs becomes negative at about 64 -78% of GDP depending on the initial growth conditions. In the period after joining the debt relief initiatives, HIPCs generally exhibited a higher chance of moving towards or persisting in the positive range of growth. However, this process was related to lower debt levels mostly in countries that had initially exhibited moderate to rapid growth, while debt relief seems to have been less relevant for future growth in countries that started off in a state of moderate economic decline. Furthermore, the results of the regression analysis show that the marginal effect of public and publicly guaranteed (PPG) debt on growth is negative and significant. Debt relief programs were found to mitigate the negative impact of debt, both after their initiation in 1996 and after the HIPCs reached their decision point. Generally, the overarching policy that can be drawn from this paper is that LDCs, and HIPCs in particular, should strive to reduce their PPG debt levels to at least below 64%-78% of GDP in order to experience and maintain positive growth rates, ceteris paribus . Notwithstanding, our findings also suggest that if HIPCs, and LDCs in general, want to reduce or maintain their debt to sustainable levels, they should adopt some of the conditions imposed by the international financial institutions on HIPCs as part of their macroeconomic policy framework, such as developing and implementing a poverty reduction strategy through a broad based participatory process.