Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2023 International Conference on Management Research and Economic Development
Series Vol. 24 , 13 September 2023
Open
Access | Article
The Impact of Online Credit Lending Model on the Public's Overspending Decision
* Author to whom correspondence should be addressed.
Abstract
In recent years, with the rapid development of the Internet, the financial market pattern is also changing. And the way of consumption through the Internet is gradually becoming mainstream. In order to meet the needs of the majority of consumers, online credit products have emerged. The emergence of this new financial service is not only a change in the quality of life of the masses of society, but also a new challenge for the financial market. Therefore, this paper investigates its impact on consumers' over-consumption decisions. Through regression analysis, we conclude that there is a positive relationship between the online credit lending model and the public's overspending decision. And the higher the loan amount, the longer the repayment period, the lower the loan interest rate, and the more accessible the loan qualification, the higher the public's willingness to overspend. On the other hand, the degree of loan facilitation has no statistically significant effect on the degree of overspending. By establishing a model to analyze the degree of overspending, this study is conducive to the establishment of reasonable consumption habits by consumers. It can help the financial service industry understand customers' consumption tendencies, rationalize their programs and provide a reference for government agencies to formulate economic policies. And it can promote the successful development of the financial market.
Keywords
online credit, overspending, linear regression
References
1. Liu Zile, Liu Dongyu, Liu Yao, Xia Yuting & Xia Yujia.(2019). The characteristics and causes of college students' excessive consumption behavior in Wuhan. Journal of Entrepreneurship in Science & Technology (04),33-38.
2. Li Weixin, Li Dongni, & Yao Lu.(2022). Research on the status quo and influencing factors of college students' excessive consumption. Statistics and Application, 11, 809.
3. Yuan Weiqiang & Yu Tao.(2012). Research on the status quo and countermeasure of excessive consumption of contemporary college students. The world of mass literature (09),289-290.
4. Zhang Junyi.(2020). Research review on mental accounts and excessive consumption. Economic Research Guide (12),48-50.
5. Liu Jiaxi.(2021). The mechanism of psychological account on rational excessive consumption pattern from the perspective of consumer socialization. Journal of Commercial Economics (23),54-57.
6. Tang Kenan & He Tianyang.(2022). The harm, formation logic and countermeasure of the chaos of Internet credit. Economic Research Guide (21),102-104.
7. Zheng Hanyu, Huang Xiaoya & Chen Yu.(2022). The Impact of Internet Credit on College Students' Consumption——Analysis from the Two Perspectives of Liquidity Constraint and Risk Preference. China Journal of Commerce (14),59-62. doi:10.19699/j.cnki.issn2096-0298.2022.14.059.
8. Liu Wenqian.(2021). Research on the Influencing Factors of Internet Financial credit products -- Take Ant Check Later As an example. https://kns.cnki.net/KCMS/detail/detail.aspx?dbname=CMFD202102&filename=1021065561.nh
9. Wu Yuping & Yuan Limei.(2021). Systematic Research on User Behavior Analysis of Internet Credit Platform. Computer Programming Skills & Maintenance (10),54-56. doi:10.16184/j.cnki.comprg.2021.10.021.
10. Chen Shunquan, Xiao Yu & Zhang Yuhong.(2019). Risk control of online lending and borrowing business. Co-Operative Economy & Science (23),50-51. doi:10.13665/j.cnki.hzjjykj.2019.23.020.
11. Liu Jinzhi & Xiao Wen.(2022). Research on the influence of Internet consumer credit on college students' excessive consumption behavior -- Based on the questionnaire data analysis of four colleges in H City. Legality Vision (31),14-17.
12. Chen Lina.(2021). Study on the Dissimilation of College Students' Consumption Concept——Taking Campus Loan as an Example.https://kns.cnki.net/KCMS/detail/detail.aspx?dbname=CMFD202202&filename=1021839616.nh
13. Yue Shangren & Hong You.(2020). Research on college students' excessive consumption psychology using Credit products -- taking Hangzhou Normal University as an example. Marketing Circles (08),94-96.
14. Sun Zhaoming & Li Xinyang.(2022). Consumer socialization, excessive consumption and online credit consumption behavior of college students. Mathematics in Practice and Theory (12),15-29.
15. Zhang Chi, Wang Mancang & Li Cuini.(2022). Credit Constraint, Digital Finance and Resident Consumption. Journal of Statistics and Information (12),55-65.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2023 International Conference on Management Research and Economic Development
- ISBN (Print)
- 978-1-915371-91-1
- ISBN (Online)
- 978-1-915371-92-8
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/24/20230416
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited