The Relationship between Cash Advance and Financial Literacy in the Taiwan Market

Yu-Jen Hsiao, Jing-Twen Chen, Chih-Feng Liao

Research output: Contribution to journalArticle

Abstract

This paper uses the logit regression model to study the relationship between financial literacy and cash advance. We find that financial literacy has a significantly negative impact on cash advance, which means that people with highly financial literacy are less likely to use cash advance. Moreover, we find women, married people, and people with high personal annual average incomes have a low probability to use cash advance. Finally, propaganda handouts of financial information from the Financial Supervisory Commission (FSC) can also reduce the use of cash advance.
Translated title of the contribution信用卡預借現金與臺灣民眾金融知識之關聯性
Original languageEnglish
Pages (from-to)105-134
Number of pages30
Journal財務金融學刊
Volume23
Issue number2
DOIs
Publication statusPublished - Jun 30 2015

Keywords

  • 金融知識
  • 預借現金
  • 金融教育
  • Financial literacy
  • cash advance
  • financial education

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