000063283 001__ 63283 000063283 005__ 20190709135444.0 000063283 0247_ $$2doi$$a10.1111/ijcs.12324 000063283 0248_ $$2sideral$$a98149 000063283 037__ $$aART-2017-98149 000063283 041__ $$aeng 000063283 100__ $$0(orcid)0000-0003-3044-4983$$aGutiérrez-Nieto, Begoña$$uUniversidad de Zaragoza 000063283 245__ $$aA multivariate study of over-indebtedness' causes and consequences 000063283 260__ $$c2017 000063283 5060_ $$aAccess copy available to the general public$$fUnrestricted 000063283 5203_ $$aThis paper proposes a comprehensive explanatory model to explain both causes and consequences of over-indebtedness. It presents as causes some borrower aspects, such as propensity to indebtedness and low financial literacy. Other causes are borrower circumstances: adverse external shocks, borrower internal problems and financial institutions' pressure. The model incorporates consequences on the borrower, the lender and the society. The model has been tested with a survey filled in by experts and over-indebted individuals. Results have been analysed using multivariate techniques, including canonical correlations. There are differences in the opinions of experts and individuals: the latter blame external shocks or financial institutions' pressure, while the former find relevant factors the financial illiteracy or the tendency to imitate others. Experts and individuals agree on the consequences: poverty growth in the society and declining borrower's welfare. The paper concludes with the need to improve financial literacy, especially in the risks involved in over-indebtedness. 000063283 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S14-2$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2013-45568-R 000063283 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/ 000063283 590__ $$a1.555$$b2017 000063283 591__ $$aBUSINESS$$b92 / 140 = 0.657$$c2017$$dQ3$$eT2 000063283 592__ $$a0.688$$b2017 000063283 593__ $$aApplied Psychology$$c2017$$dQ2 000063283 593__ $$aPublic Health, Environmental and Occupational Health$$c2017$$dQ2 000063283 593__ $$aMarketing$$c2017$$dQ2 000063283 593__ $$aEconomics and Econometrics$$c2017$$dQ2 000063283 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000063283 700__ $$0(orcid)0000-0003-2596-9638$$aSerrano-Cinca, Carlos$$uUniversidad de Zaragoza 000063283 700__ $$aCuesta González, Marta de la 000063283 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab. 000063283 773__ $$g41, 2 (2017), 188–198 [20 pp]$$pInt. j. consum. stud.$$tINTERNATIONAL JOURNAL OF CONSUMER STUDIES$$x1470-6423 000063283 8564_ $$s1178372$$uhttps://zaguan.unizar.es/record/63283/files/texto_completo.pdf$$yPostprint 000063283 8564_ $$s32596$$uhttps://zaguan.unizar.es/record/63283/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000063283 909CO $$ooai:zaguan.unizar.es:63283$$particulos$$pdriver 000063283 951__ $$a2019-07-09-11:37:37 000063283 980__ $$aARTICLE