63283 20190709135444.0 doi 10.1111/ijcs.12324 sideral 98149 ART-2017-98149 eng (orcid)0000-0003-3044-4983 Gutiérrez-Nieto, Begoña Universidad de Zaragoza A multivariate study of over-indebtedness' causes and consequences 2017 Access copy available to the general public Unrestricted This 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. info:eu-repo/grantAgreement/ES/DGA/S14-2 info:eu-repo/grantAgreement/ES/MINECO/ECO2013-45568-R info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 1.555 2017 BUSINESS 92 / 140 = 0.657 2017 Q3 T2 0.688 2017 Applied Psychology 2017 Q2 Public Health, Environmental and Occupational Health 2017 Q2 Marketing 2017 Q2 Economics and Econometrics 2017 Q2 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion (orcid)0000-0003-2596-9638 Serrano-Cinca, Carlos Universidad de Zaragoza Cuesta González, Marta de la 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 41, 2 (2017), 188–198 [20 pp] Int. j. consum. stud. INTERNATIONAL JOURNAL OF CONSUMER STUDIES 1470-6423 1178372 http://zaguan.unizar.es/record/63283/files/texto_completo.pdf Postprint 32596 http://zaguan.unizar.es/record/63283/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:63283 articulos driver 2019-07-09-11:37:37 ARTICLE