Factors affecting credit card uses: Evidence from Turkey using tobit model
European Journal of Economics, Finance and Administrative Sciences, sa.23, ss.88-101, 2010 (Scopus)
- Yayın Türü: Makale / Tam Makale
- Basım Tarihi: 2010
- Dergi Adı: European Journal of Economics, Finance and Administrative Sciences
- Derginin Tarandığı İndeksler: Scopus
- Sayfa Sayıları: ss.88-101
- Anahtar Kelimeler: Credit cards, Households, Survey data, Tobit model, Turkey
- Galatasaray Üniversitesi Adresli: Hayır
Özet
Credit cards, also called plastic money, have increasingly become an indispensable element for both consumers and sellers in last 20 years. Their usage has gone up dramatically all over the world and was not limited only to middle and upper income consumers. Credit cards issuers, especially banks, have entered into fierce competition with each others to be powerful in the credit card market that is rapidly improving. Selling more credit cards necessitates knowing strictly the main factors affecting credit card uses. In this paper we examine the factors affecting credit card uses of households in Turkey. For this purpose, 1300 surveys are conducted in the city of İstanbul that can be accepted as a small sample of Turkey and questions are directed to household heads. The data obtained from the survey are analyzed with Tobit model to determine factors affecting credit card uses. The results show that credit card uses of households in Turkey are affected by social and personal as well as by economic factors. Our contribution is that we also use some independent variables not used until now in any other work and measure their effects on credit card uses. © EuroJournals, Inc. 2010.