Reexamine the Role of the Financial Institution Management During Card Debt Crisis or the COVID-19
Due to the increasing popularity of financial technology and the lifting of financial regulations, various financial institutions have become increasingly competitive and actively expand their consumer finance business. Changes in generational consumption behavior have led to excessive credit expans...
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| Veröffentlicht in: | The journal of applied business and economics 2022-08, Vol.24 (4), p.104-121 |
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| container_title | The journal of applied business and economics |
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| creator | Chang, Chih-Hsiung |
| description | Due to the increasing popularity of financial technology and the lifting of financial regulations, various financial institutions have become increasingly competitive and actively expand their consumer finance business. Changes in generational consumption behavior have led to excessive credit expansion, excessive debt or bad credit records. All of these result in the emergence of adverse selection and moral hazard problems of information asymmetry, and finally cause the card debt crisis in 2005. This article focuses on variables such as the number of cards in circulation, retail sales volume, revolving balance, and overdue ratios of credit cards in public and private banks, and examine whether the information asymmetry in the credit card market has been improved ,with the financial institution management. Furthermore, due to the COVID-19 exploring whether the information asymmetry has been worsened or improved deserves the attention of the financial authority again. The results reveal that continuous financial institution management is very important and effective during the card debt period or the pandemic. |
| doi_str_mv | 10.33423/jabe.v24i4.5434 |
| format | Article |
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Changes in generational consumption behavior have led to excessive credit expansion, excessive debt or bad credit records. All of these result in the emergence of adverse selection and moral hazard problems of information asymmetry, and finally cause the card debt crisis in 2005. This article focuses on variables such as the number of cards in circulation, retail sales volume, revolving balance, and overdue ratios of credit cards in public and private banks, and examine whether the information asymmetry in the credit card market has been improved ,with the financial institution management. Furthermore, due to the COVID-19 exploring whether the information asymmetry has been worsened or improved deserves the attention of the financial authority again. The results reveal that continuous financial institution management is very important and effective during the card debt period or the pandemic.</description><identifier>ISSN: 1499-691X</identifier><identifier>EISSN: 1499-691X</identifier><identifier>DOI: 10.33423/jabe.v24i4.5434</identifier><language>eng</language><publisher>Thunder Bay: North American Business Press</publisher><subject>Adverse selection ; Asymmetry ; Bank technology ; Banking law ; Collateral ; Consumer credit ; Consumption ; Coronaviruses ; COVID-19 ; Credit cards ; Credit risk ; Economic activity ; Financial management ; Hypotheses ; Interest rates ; Loans ; Moral hazard ; Pandemics ; Regulation of financial institutions ; Revolving credit ; Risk assessment</subject><ispartof>The journal of applied business and economics, 2022-08, Vol.24 (4), p.104-121</ispartof><rights>Copyright North American Business Press 2022</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,778,782,27911,27912</link.rule.ids></links><search><creatorcontrib>Chang, Chih-Hsiung</creatorcontrib><title>Reexamine the Role of the Financial Institution Management During Card Debt Crisis or the COVID-19</title><title>The journal of applied business and economics</title><description>Due to the increasing popularity of financial technology and the lifting of financial regulations, various financial institutions have become increasingly competitive and actively expand their consumer finance business. Changes in generational consumption behavior have led to excessive credit expansion, excessive debt or bad credit records. All of these result in the emergence of adverse selection and moral hazard problems of information asymmetry, and finally cause the card debt crisis in 2005. This article focuses on variables such as the number of cards in circulation, retail sales volume, revolving balance, and overdue ratios of credit cards in public and private banks, and examine whether the information asymmetry in the credit card market has been improved ,with the financial institution management. Furthermore, due to the COVID-19 exploring whether the information asymmetry has been worsened or improved deserves the attention of the financial authority again. The results reveal that continuous financial institution management is very important and effective during the card debt period or the pandemic.</description><subject>Adverse selection</subject><subject>Asymmetry</subject><subject>Bank technology</subject><subject>Banking law</subject><subject>Collateral</subject><subject>Consumer credit</subject><subject>Consumption</subject><subject>Coronaviruses</subject><subject>COVID-19</subject><subject>Credit cards</subject><subject>Credit risk</subject><subject>Economic activity</subject><subject>Financial management</subject><subject>Hypotheses</subject><subject>Interest rates</subject><subject>Loans</subject><subject>Moral hazard</subject><subject>Pandemics</subject><subject>Regulation of financial institutions</subject><subject>Revolving credit</subject><subject>Risk 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Changes in generational consumption behavior have led to excessive credit expansion, excessive debt or bad credit records. All of these result in the emergence of adverse selection and moral hazard problems of information asymmetry, and finally cause the card debt crisis in 2005. This article focuses on variables such as the number of cards in circulation, retail sales volume, revolving balance, and overdue ratios of credit cards in public and private banks, and examine whether the information asymmetry in the credit card market has been improved ,with the financial institution management. Furthermore, due to the COVID-19 exploring whether the information asymmetry has been worsened or improved deserves the attention of the financial authority again. 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| identifier | ISSN: 1499-691X |
| ispartof | The journal of applied business and economics, 2022-08, Vol.24 (4), p.104-121 |
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| language | eng |
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| source | Business Source Complete |
| subjects | Adverse selection Asymmetry Bank technology Banking law Collateral Consumer credit Consumption Coronaviruses COVID-19 Credit cards Credit risk Economic activity Financial management Hypotheses Interest rates Loans Moral hazard Pandemics Regulation of financial institutions Revolving credit Risk assessment |
| title | Reexamine the Role of the Financial Institution Management During Card Debt Crisis or the COVID-19 |
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