Exploring The Role of Information Disclosure in Influencing Credit Card User’s Repayment Decisions among Malaysians

Bank Negara Malaysia. (2019). Credit card.
https://www.bnm.gov.my/documents/20124/938039/PD+Credit+Card.pdf
Bannier, C. E., Gärtner, F., & Semmler, D. (2019). Does credit card repayment behavior depend on the presentation of interest payments? The cuckoo fallacy. https://www.qmul.ac.uk/busman/media/sbm/research/researchcentres/behavioural-finance-working-group/Bannier,-G%C3%83%C2%A4rtner-&-Semmler-2019,-Does-credit-card-repayment-behavior-depend-on-the-presentation-of-interest-payments.pdf
Boedeker, P., & Kearns, N. T. (2019). Linear Discriminant Analysis for Prediction of Group Membership: A User-Friendly Primer. Advances in Methods and Practices in Psychological Science, 2(3), 250–263. https://doi.org/10.1177/2515245919849378
Bursztyn, L., Fiorin, S., Gottlieb, D., & Kanz, M. (2018). Moral Incentives in Credit Card Debt Repayment: Evidence from a Field Experiment. Journal of Political Economy, 127(4), 1641–1683. https://doi.org/10.1086/701605
Chapman, G. B., & Johnson, E. J. (1999). Anchoring, Activation, and the Construction of Values. Organizational Behavior and Human Decision Processes, 79(2), 115–153.
https://doi.org/10.1006/obhd.1999.2841
Chong, F. N. (2017a). Factors Affecting Credit Card Debt Payment in Malaysia. International Journal of Business and Economics, 16(1), 21–30.
d’Astous, P., & Shore, S. H. (2017). Liquidity Constraints and Credit Card Delinquency: Evidence from Raising Minimum Payments. Journal of Financial and Quantitative Analysis, 52(4), 1705–1730. https://doi.org/10.1017/S0022109017000412
Daniel, A. K. (2014). Avoiding the Anchor: An Analysis of the Minimum-Payment and 36-Month Disclosures Mandated by the CARD Act and How to Improve Cardholder Repayment Patterns. Texas Law Review, 93, 1201.
Fisher, R. A. (1936). The Use of Multiple Measurements in Taxonomic Problems. Annals of Eugenics, 7(2), 179–188. https://doi.org/10.1111/j.1469-1809.1936.tb02137.x
Fulcomer, M. C., Schönemann, P. H., & Molnar, G. (1974). Classification by linear and quadratic discriminant scores. Behavior Research Methods & Instrumentation, 6(4), 443–445. https://doi.org/10.3758/BF03200398
Gabaix, X., Laibson, D., Moloche, G., & Weinberg, S. (2006). Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model. American Economic Review, 96(4), 1043–1068. https://doi.org/10.1257/aer.96.4.1043
Hamid, F. S., & Loke, Y. J. (2021). Financial literacy, money management skill and credit card repayments. International Journal of Consumer Studies, 45(2), 235–247.
https://doi.org/10.1111/ijcs.12614
Härdle, W. K., & Hlávka, Z. (2007). Multivariate Statistics: Exercises and Solutions. Springer-Verlag. https://doi.org/10.1007/978-0-387-73508-5
Healy, P. M., & Palepu, K. G. (2001). Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics, 31(1), 405–440. https://doi.org/10.1016/S0165-4101(01)00018-0
Hershfield, H. E., & Roese, N. J. (2015). Dual payoff scenario warnings on credit card statements elicit suboptimal payoff decisions. Journal of Consumer Psychology, 25(1), 15–27. https://doi.org/10.1016/j.jcps.2014.06.005
Hirschman, E. C. (1979). Differences in Consumer Purchase Behavior by Credit Card Payment System. Journal of Consumer Research, 6(1), 58–66. https://doi.org/10.1086/208748
Iqbal, Z., & Shetty, S. (1994). A Multivariate Analysis of Employee Layoffs.: EBSCOhost. http://web.b.ebscohost.com.proxy.ub.umu.se/ehost/pdfviewer/pdfviewer?vid=1&sid=9726e08c-225d-44a6-92a9-ec6c5d0ccd18%40sessionmgr103
Jones, L. E., Loibl, C., & Tennyson, S. (2015). Effects of informational nudges on consumer debt repayment behaviors. Journal of Economic Psychology, 51, 16–33.
https://doi.org/10.1016/j.joep.2015.06.009
Jørgensen, R. K., & Igel, C. (2021). Machine learning for financial transaction classification across companies using character-level word embeddings of text fields. Intelligent Systems in Accounting, Finance and Management, 28(3), 159–172. https://doi.org/10.1002/isaf.1500
Jusoh, Z., & Lin, L. (2012). Personal Financial Knowledge and Attitude towards Credit Card Practices among Working Adults in Malaysia. Undefined.
https://www.semanticscholar.org/paper/Personal-Financial-Knowledge-and-Attitude-towards-Jusoh-Lin/17afff6d0b196cdc53bf185d22fed3c5e44190b2
Keys, B. J., & Wang, J. (2019). Minimum payments and debt paydown in consumer credit cards. Journal of Financial Economics, 131(3), 528–548.
https://doi.org/10.1016/j.jfineco.2018.09.009
Loke, Y. J., Yen, S. T., & Tan, A. K. G. (2011). Credit Card Averters and Amassers: Evidence from Malaysia*. Asian Economic Journal, 25(4), 397–412. https://doi.org/10.1111/j.1467-8381.2011.02068.x
McHugh, S., & Ranyard, R. (2016). Consumers’ credit card repayment decisions: The role of higher anchors and future repayment concern. Journal of Economic Psychology, 52(C), 102–114.
Min, I., & Kim, J.-H. (2003). Modeling Credit Card Borrowing: A Comparison of Type I and Type II Tobit Approaches. Southern Economic Journal, 70(1), 128–143.
https://doi.org/10.2307/1061635
Navarro-Martinez, D., Salisbury, L. C., Lemon, K. N., Stewart, N., Matthews, W. J., & Harris, A. J. L. (2011). Minimum Required Payment and Supplemental Information Disclosure Effects on Consumer Debt Repayment Decisions. Journal of Marketing Research, 48(SPL), S60–S77. https://doi.org/10.1509/jmkr.48.SPL.S60
Ramayah, T., Ahmed, N. H., Abdul-Halim, H., & Zainal, S. R. M. (2010). Discriminant analysis: An illustrated example. African Journal of Business Management.
Ramayah, T. R., Nasser Noor, N. N., Mohd. Nasurdin, A., & Lim, H. C. (2002). Cardholders’ Attitude And Bank Credit Card Usage In Malaysia: An Exploratory Study. https://core.ac.uk/display/85126825
Ringgitplus. (2021). Credit card see positive growth in Malaysia:9.1 Million credit cards in circulation. https://ringgitplus.com/en/blog/credit-cards/credit-cards-see-positive-growth-in-malaysia-9-1-million-credit-cards-in-circulation.html
Salisbury, L. C. (2014). Minimum Payment Warnings and Information Disclosure Effects on Consumer Debt Repayment Decisions. Journal of Public Policy & Marketing, 33(1), 49–64. https://doi.org/10.1509/jppm.11.116
Salisbury, L. C., & Zhao, M. (2019). Active Choice Format and Minimum Payment Warnings in Credit Card Repayment Decisions: Journal of Public Policy & Marketing. https://doi.org/10.1177/0743915619868691
Selten, R. (1990). Bounded Rationality. Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift Für Die Gesamte Staatswissenschaft, 146(4), 649–658.
Soman, D. (2001). Effects of Payment Mechanism on Spending Behavior: The Role of Rehearsal and Immediacy of Payments. Journal of Consumer Research, 27(4), 460–474. https://doi.org/10.1086/319621
Stavins, J. (2018). Credit Card Debt and Consumer Payment Choice: What Can We Learn from Credit Bureau Data? Federal Reserve Bank of Boston. https://www.bostonfed.org/publications/research-department-working-paper/2018/credit-card-debt-and-consumer-payment-choice.aspx
Stewart, N. (2009). The Cost of Anchoring on Credit-Card Minimum Repayments. Psychological Science, 20(1), 39–41. https://doi.org/10.1111/j.1467-9280.2008.02255.x
Stigler, G. J. (1961). The Economics of Information. Journal of Political Economy, 69(3), 213–225.
Tabachnick, B. G., & Fidell, L. S. (2013). Using Multivariate Statistics. https://www.pearson.com/us/higher-education/product/Tabachnick-Using-Multivariate-Statistics-6th-Edition/9780205849574.html
Tate, R. L. (2010). Generalized Discriminant Analysis: Some Illustrations. Multivariate Behavioral Research. https://doi.org/10.1207/s15327906mbr1801_6
The Malaysian Reserve. (2019). Credit cards, personal loans landing Malayisans in debt trap.
Theong, M. J., Osman, A. F., & Yap, S. F. (2018). Household Indebtedness: How global and Domestic Macro-economic Factors Influence Credit Card Debt Default in Malaysia. Institutions and Economies. https://ijie.um.edu.my/index.php/ijie/article/view/11949
Wall, K. D. (1989). A BOUNDED RATIONALITY DECISION PROCESS MODEL. IFAC Dynamic Modelling and Control of National Ecnomics, Edinburgh.
Wei, C.-Y., Chin, L.-K., Kuah, Y.-C., & Chia, M.-S. (2018). ATTRIBUTES OF ACADEMICIANS’ CREDIT CARD USAGE BEHAVIORS IN MALAYSIA. Journal of Contemporary Issues and Thought, 8, 73–85. https://doi.org/10.37134/jcit.vol8.8.2018
Wheeler, G. (2020). Bounded Rationality. In E. N. Zalta (Ed.), The Stanford Encyclopedia of Philosophy (Fall 2020). Metaphysics Research Lab, Stanford University. https://plato.stanford.edu/archives/fall2020/entries/bounded-rationality/
WorldBank. (2019). Malaysia economic monitor: Making ends meet. https://openknowledge.worldbank.org/handle/10986/32810 License: CC BY 3.0 IGO

In-Text Citation: (Abbas & Hamid, 2022)
To Cite this Article: Abbas, A., & Hamid, F. S. (2022). Exploring The Role of Information Disclosure in Influencing Credit Card User’s Repayment Decisions among Malaysians. International Journal of Academic Research in Accounting Finance and Management Sciences, 12(1), 236–256.

Copyright: © 2022 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode