Alternative Financial Product Use
نویسندگان
چکیده
This study uses new nationally representative data from the National Financial Capability State-by-State Survey to examine the relationship between state-level alternative financial service (AFS) policies (prohibitions, price caps, disclosures) and consumer use of five AFS products: payday loans, auto title loans, pawn broker loans, refund anticipation loans, and rent-to-own transactions. Looking across products rather than at one product in isolation allows a focus on patterns and relationships across products. The results suggest that more stringent price caps and prohibitions are associated with lower product use and do not support the hypothesis that prohibitions and price caps on one AFS product lead consumers to use other AFS products.
منابع مشابه
Product Development Process: Using Real Options for Assessments and to support the Decision-Making at Decision Gates
Enterprises need continuous product development activities to remain competitive in the marketplace. Their product development process (PDP) must manage stakeholders’ needs – technical, financial, legal, and environmental aspects, customer requirements, Corporate strategy, etc. -, being a multidisciplinary and strategic issue. An approach to use real option to support the decision-making proces...
متن کاملThe Influence Of The Gross Regional Product On The Formation Of The Financial Potential Of The Region
The relevance of the research topic is due to the fact that in the current economic conditions, the availability of sufficient financial resources in the regions of Ukraine is a prerequisite for the formation of their strong financial potential and the basic basis for ensuring sustainable economic development of the regions. Therefore, the issues of shaping and enhancing the financial capacity ...
متن کاملDiversification and Financial Performance in Bursa Malaysia
Firms pursue diversification for sake enhancing financial performance. Some theories state positive relationship between diversification and financial performance. However, there are some theories for negative relationship about the issue. The study has filled the gap that most studies done in developed countries and there are fewer studies in developing country like Malaysia. In this study, re...
متن کاملOn the structural properties for the cross product of fuzzy numbers with applications
In the fuzzy arithmetic, the definitions of addition and multiplication of fuzzy numbers are based on Zadeh’s extension principle. From theoretical and practical points of view, this multiplication of fuzzy numbers owns several unnatural properties. Recently, to avoid this shortcoming, a new multiplicative operation of product type is introduced, the so-called cross-product of fuzzy numbers. Th...
متن کاملBusiness strategy and financial reporting readability
Business strategy exerts a considerable impact on complexities, risk and corporate environmental uncertainties as well as the way of providing financial reporting. On this line of argument, therefore, the present study seeks to scrutinize the effect of business strategy on corporate financial reporting readability. In doing so, Fog and Fletch indices are employed to measure financial reporting ...
متن کامل