111 records from EconBiz based on author Name

1. Guest editorial : consumer financial resilience

Xiao, Jing-jian; Kumar, Satish;
2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link

---

2. Financial education and budgeting behavior among college students : extending the theory of planned behavior

Tan, Xiawei; Xiao, Jing-jian; Meng, Kexin; Xu, Jiuping;
2025
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link

---

3. Mobile payment, financial behavior and financial anxiety : a multi-group structural equation modeling study

An, Ting; Xiao, Jing-jian; Porto, Nilton; Cruz, Luiz;
2025
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link

---

4. Parental financial socialization and life satisfaction of college students : mediation and moderation analyses

Mahapatra, Mousumi Singha; Xiao, Jing-jian; Mishra, Ram Kumar; Meng, Kexin;
2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link

---

5. Financial inclusion, financial capability and financial fragility during COVID-19 pandemic

Kim, Kyoungtae; Xiao, Jing-jian; Porto, Nilton;
2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link

---

6. Financial capability and financial anxiety : comparison before and during the COVID-19 pandemic

Xiao, Jing-jian; Meng, Kexin;
2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link

---

7. Financial Capability and Informal Bankruptcy : Comparing Student Loan Holders and Non-Holders

abstract

Purpose: The purpose of this study is to examine the association between financial capability and informal bankruptcy, especially among families in which the respondent and/or spouse borrowed student loans to fund their own education and families that did not have such loans.Design/methodology/approach: US nationally representative data were employed. Three family types were used, families with student loans borrowed to fund respondent and/or spouse's education and education was completed (type 1 holders) or not completed (type 2 holders), and families that did not borrow student loans for respondent and/or spouse's education (non-holders). Informal bankruptcy was measured by being insolvent and late in debt payment for 60 or more days. Financial capability was measured by both an index and its various components. Multivariate logistic regressions were conducted to examine associations between financial capability and informal bankruptcy.Findings: Generally, financial capability was negatively associated with informal bankruptcy, and student loan holders were more likely to be informally bankrupt than non-holders. However, such negative associations were statistically significant for type 1 holders and non-holders but insignificant for type 2 holders. Two desirable financial behaviors (information search and online banking) reduced the chance of informal bankruptcy for type 2 holders.Research limitations/implications: First, cross-sectional data cannot establish a causal relationship. Second, findings using data from a single country may not be generalized to other countries.Practical implications: Financial service professionals should help loan applicants evaluate the necessity of borrowing. Banking professionals can use the findings to develop products to meet different consumer needs. Financial educators should target different groups with different strategies in financial capability education. Policymakers should develop policies helping student loan holders complete education funded by student loans.Originality/value: This study examines factors related to informal bankruptcy, providing insights to warning signs of bankruptcy. This study explores the potential effect of a new factor, financial capability, on informal bankruptcy, filling in a gap in the bankruptcy literature. This study recognizes differences in informal bankruptcy among various types of families and examines the different effects of financial capabilities on informal bankruptcy for different types of families

Yao, Rui; Xiao, Jing-jian;
2022
Availability: Link Link

---

8. Good Debt, Bad Debt : Family Debt Portfolios and Financial Burdens

abstract

Purpose: In recent decades, research on consumer debt and well-being is emerging. However, research on the potential effect of debt portfolios on family financial well-being is limited. The purpose of this study is to fill this research gap by examining the potential effect of debt portfolios on family financial well-being, measured by three indicators of progressive financial burdens. These indicators include debt pressure (debt payment to income ratio >40%), debt delinquency (60+ days late for debt payments) and insolvency (total liability > total asset). Debt portfolios refer to various combinations of mortgage, credit card, vehicle, education and other loans.Design/methodology/approachWith data from the 2019 Survey of Consumer Finances in the USA, multivariate logistic regressions are used to identify specific debt types, consumer backgrounds and financial capability factors that are significantly associated with debt burden indicators. The findings are used to create a table demonstrating warning debt portfolios that may lead to undesirable financial outcomes.FindingsHoldings of different types of debts are associated with different financial burdens. Specifically, holdings of three types of debts (mortgage, vehicle and other debts) tend to increase debt pressure; holdings of two types of debts (education and other debts) tend to increase debt delinquency; and holdings of four types of debts (mortgage, credit card, education and other debts) tend to increase insolvency. These results are used to construct warning debt portfolios that show greater chances of undesirable financial outcomes. Among them, the top warning portfolio for debt pressure is the combined holding of mortgage-vehicle-other debts; for debt delinquency is the holding of education-other debts; and for insolvency is the holding of mortgage-credit card-education-other debts.Research limitations/implications: This study is limited by using only cross-sectional survey data to examine associations between debt portfolios and financial burdens. To examine the causality of debt portfolios on financial burdens, appropriate panel data are necessary, which is a direction for future research. In addition, this study used data from only one developed country. In future research, data from more countries, including both developed and developing countries, should be analyzed to verify if similar relationships exist among families in other countries.Practical implications: Results of this study have implications for practitioners in banking and other financial institutions. The study presents a comprehensive list of debt portfolios in the order from high risk to low risk in terms of financial burdens. Banking and other financial service professionals can use the information to help their clients make informed borrowing decisions, predict their debt burdens and offer early preventions based on their clients' debt portfolios. Marketing strategists can use the information for effective segmentation and promotion purposes.Originality/valueThis study utilizes a new concept, debt portfolios and examines its associations with family financial burdens. Financial burdens include three indicators that are seldom used together in previous research. These indicators conceptually indicate various severity levels of debt burdens. This study also presents a conceptual discussion on the association between debt portfolios and financial burdens and provides a better understanding of consumer debt behavior and its consequences. The warning debt portfolios constructed based on the findings have direct managerial implications for banking and other financial service professionals

Xiao, Jing-jian; Yao, Rui;
2022
Availability: Link Link

---

9. Good Debt, Bad Debt : Family Debt Portfolios and Financial Burdens

abstract

Purpose: Over the past a few decades, there has been an increasing body of research on debt and wellbeing. However, research on the potential effect of various debt portfolios on family financial wellbeing is limited. The purpose of this study is to fill this research gap by examining the potential effect of debt portfolios on family financial wellbeing, measured by three indicators of progressive financial burdens. These indicators include debt pressure (debt payment to income ratio > 40%), debt delinquency (60+ days late for debt payments), and insolvency (total liability > total asset). Debt portfolios include various combinations of mortgage, credit card, vehicle, education, and other loans.Design/methodology/approach: With data from the 2019 Survey of Consumer Finances in the U.S., multivariate logistic regressions are used to identify specific debt types and consumer background factors that are significantly associated with debt burden indicators. The findings are used to create a table demonstrating warning debt portfolios that may lead to debt burdens. Findings: Holding different types of debts are associated with different financial burdens: holding three types of debts (mortgage, vehicle, and other debts) tends to increase debt pressure; holding two types of debts (education and other debts) tends to increase debt delinquency; and holding five types of debts (mortgage, credit card, vehicle, education, and other debts) tends to increase insolvency. These results are used to identify warning debt portfolios in terms of financial burden indicators. Among these debt portfolios, the top warning portfolios for debt pressure, debt delinquency, and insolvency are mortgage-vehicle-other debts, education-other debts, and mortgage-credit card-vehicle-education-other debts, respectively.Originality: This study utilizes a new concept, debt portfolios, and examines its associations with family financial burdens. Financial burdens include three indicators that are seldom used together in previous research. These indicators conceptually indicate various severity levels of debt burdens. This study also presents a conceptual discussion on the association between debt portfolios and financial burdens and provides better understanding of consumer debt behavior and its consequences. Empirical evidence of the warning debt portfolios has direct implications for banking and other financial service professionals. Research limitations/implications: This study is limited by using only cross-sectional survey data to examine associations between debt portfolios and financial burdens. To examine the causality of debt portfolios on financial burdens, appropriate panel data are necessary, which is a direction for future research. In addition, this study used data from only one developed country. In future research, data from more countries, including both developed and developing countries, should be analyzed to verify if similar relationships exist among families in other countries. Practical implications: Results of this study have implications for practitioners in banking and other financial institutions. The study presents a comprehensive list of debt portfolios in the order from high risk to low risk in terms of financial burdens. Financial professionals can use it to help their clients make informed borrowing decisions, predict their debt burdens, and offer early prevention solutions based on their clients’ debt portfolios. Marketing strategists can use the information for better segmentation and promotion purposes

Xiao, Jing-jian; Yao, Rui;
2021
Availability: Link Link

---

10. Financial capability and informal bankruptcy : comparing student loan holders and non-holders

Yao, Rui; Xiao, Jing-jian;
2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link

---

Load More