Unrealistic Optimism, Compulsive Purchasing and Debt-Stress among Credit Card Users in Sri Lanka

Show simple item record

dc.contributor.author Rodrigo, G. M. R
dc.contributor.author Galdolage, B.S
dc.date.accessioned 2021-03-10T07:52:35Z
dc.date.available 2021-03-10T07:52:35Z
dc.date.issued 2021
dc.identifier.issn 1800-4989
dc.identifier.issn 2719-2598 (Online)
dc.identifier.uri http://220.247.247.85:8081/handle/123456789/38655
dc.description.abstract Credit cards become increasingly popular in Sri Lanka while a total of 78,201 new issues were in 2019 first quarter (Central Bank report). Credit card usage affects the consumption patterns of people, sometimes leading to purchase excessively with impractical confidence (Omar, et al., 2013). According to the central bank report, around total of 118,905 cards are being defaulted where the payment is in arrears for 90days or more in 2019 showing an increment in credit card debts, which may result in stress among card users. In view of the timeliness and relevance of this issue, this study aims to investigate the impact of unrealistic optimism and compulsive purchasing on debt-stress among credit card users in Sri Lanka. This study employs the quantitative approach in collecting data using self-administered questionnaires among 301 credit cardholders in Western Province, Sri Lanka who were chosen based on the nonprobabilistic convenience sampling method. This study found a moderate positive impact of both the unrealistic optimism and compulsive purchasing on debt stress. Further, a moderate positive correlation was found between unrealistic optimism and compulsive purchasing too. This research contributes to fill the gap in the extant literature by broadening the understanding on concepts such as unrealistic optimism, compulsive purchasing, and debt stress which is prevalent among credit card users. Further, as managerial implications, this study provides a better understanding on cardholders in Sri Lanka which might be a good reference for banks, card service providers and investors in developing their policies. Further, it will support the business sector to develop the Sri Lankan non-cash payment market while policymakers and tax authorities can understand the causes of high credit card debts. en_US
dc.publisher Department of Marketing Management, University of Kelaniya, Sri Lanka en_US
dc.subject Unrealistic Optimism en_US
dc.subject Compulsive Purchasing en_US
dc.subject Debt Stress en_US
dc.subject Credit Cardholders en_US
dc.title Unrealistic Optimism, Compulsive Purchasing and Debt-Stress among Credit Card Users in Sri Lanka en_US
dc.type Article en_US
dc.identifier.accno 49522 en_US


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search


Browse

My Account