Social traits and credit card default: a two-stage prediction framework
Author
Abstract
Suggested Citation
DOI: 10.1007/s10479-022-04859-1
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Kaasa, Anneli & Vadi, Maaja & Varblane, Urmas, 2016. "A new dataset of cultural distances for European countries and regions," Research in International Business and Finance, Elsevier, vol. 37(C), pages 231-241.
- Clark, Brian & Hasan, Iftekhar & Lai, Helen & Li, Feng & Siddique, Akhtar, 2021. "Consumer defaults and social capital⋆," Journal of Financial Stability, Elsevier, vol. 53(C).
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2013.
"The Determinants of Attitudes toward Strategic Default on Mortgages,"
Journal of Finance, American Finance Association, vol. 68(4), pages 1473-1515, August.
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2010. "The Determinants of Attitudes towards Strategic Default on Mortgages," Economics Working Papers ECO2010/31, European University Institute.
- Anastasia Cozarenco & Ariane Szafarz, 2018.
"Gender Biases in Bank Lending: Lessons from Microcredit in France,"
Journal of Business Ethics, Springer, vol. 147(3), pages 631-650, February.
- Anastasia Cozarenco & Ariane Szafarz, 2015. "Gender Biases in Bank Lending: Lessons from Microcredit in France," Working Papers CEB 15-006, ULB -- Universite Libre de Bruxelles.
- Anastasia Cozarenco & Ariane Szafarz, 2018. "Gender Biases in Bank Lending: Lessons from Microcredit in France," ULB Institutional Repository 2013/239879, ULB -- Universite Libre de Bruxelles.
- Anastasia Cozarenco & Ariane Szafarz, 2018. "Gender Biases in Bank Lending: Lessons from Microcredit in France," Post-Print hal-02049949, HAL.
- David B. Gross & Nicholas S. Souleles, 2002. "Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 149-185.
- David B. Gross, 2002.
"An Empirical Analysis of Personal Bankruptcy and Delinquency,"
Review of Financial Studies, Society for Financial Studies, vol. 15(1), pages 319-347, March.
- David B. Gross & Nicholas S. Souleles, 1999. "An Empirical Analysis of Personal Bankruptcy and Delinquency," Center for Financial Institutions Working Papers 98-28, Wharton School Center for Financial Institutions, University of Pennsylvania.
- David B. Gross & Nicholas S. Souleles, 2001. "An Empirical Analysis of Personal Bankruptcy and Delinquency," NBER Working Papers 8409, National Bureau of Economic Research, Inc.
- Robert Tibshirani & Guenther Walther & Trevor Hastie, 2001. "Estimating the number of clusters in a data set via the gap statistic," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 63(2), pages 411-423.
- Karthik Balakrishnan & Aytekin Ertan, 2019. "Bank asset transparency and credit supply," Review of Accounting Studies, Springer, vol. 24(4), pages 1359-1391, December.
- Charles Towe & Chad Lawley, 2013. "The Contagion Effect of Neighboring Foreclosures," American Economic Journal: Economic Policy, American Economic Association, vol. 5(2), pages 313-335, May.
- Paul F. Whiteley, 2000. "Economic Growth and Social Capital," Political Studies, Political Studies Association, vol. 48(3), pages 443-466, June.
- DeanS. Karlan, 2007.
"Social connections and group banking,"
Economic Journal, Royal Economic Society, vol. 117(517), pages 52-84, February.
- Dean S. Karlan, 2005. "Social Connections and Group Banking," Working Papers 913, Economic Growth Center, Yale University.
- Karlan, Dean, 2007. "Social Connections and Group Banking," CEPR Discussion Papers 6194, C.E.P.R. Discussion Papers.
- Karlan, Dean S., 2005. "Social Connections and Group Banking," Center Discussion Papers 28522, Yale University, Economic Growth Center.
- Thomas, L.C. & Ho, J. & Scherer, W.T., 2001. "Time will tell: Behavioural Scoring and the Dynamics of Consumer Credit Assessment," Papers 01-174, University of Southampton - Department of Accounting and Management Science.
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2006.
"Does Culture Affect Economic Outcomes?,"
Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 23-48, Spring.
- Paola Sapienza & Luigi Zingales & Luigi Guiso, 2006. "Does Culture Affect Economic Outcomes?," NBER Working Papers 11999, National Bureau of Economic Research, Inc.
- Guiso, Luigi & Zingales, Luigi & Sapienza, Paola, 2006. "Does Culture Affect Economic Outcomes?," CEPR Discussion Papers 5505, C.E.P.R. Discussion Papers.
- Zingales, Luigi & Guiso, Luigi & Sapienza, Paola, 2006. "Does Culture Affect Economic Outcomes?," Working Papers 208, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Andrea Bedin & Monica Billio & Michele Costola & Loriana Pelizzon, 2019.
"Credit Scoring in SME Asset-Backed Securities: An Italian Case Study,"
JRFM, MDPI, vol. 12(2), pages 1-28, May.
- Bedin, Andrea & Billio, Monica & Costola, Michele & Pelizzon, Loriana, 2019. "Credit scoring in SME asset-backed securities: An Italian case study," SAFE Working Paper Series 262, Leibniz Institute for Financial Research SAFE.
- Scott Fay & Erik Hurst & Michelle J. White, 2002. "The Household Bankruptcy Decision," American Economic Review, American Economic Association, vol. 92(3), pages 706-718, June.
- Lim, Sung Soo & Bone, Matthew, 2022. "Optimism, debt accumulation, and business growth," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 97(C).
- Gaganis, Chrysovalantis & Hasan, Iftekhar & Pasiouras, Fotios, 2020. "National culture and housing credit," Journal of Empirical Finance, Elsevier, vol. 56(C), pages 19-41.
- Chomsisengphet, Souphala & Kiefer, Hua & Liu, Xiaodong, 2018. "Spillover effects in home mortgage defaults: Identifying the power neighbor," Regional Science and Urban Economics, Elsevier, vol. 73(C), pages 68-82.
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2004.
"The Role of Social Capital in Financial Development,"
American Economic Review, American Economic Association, vol. 94(3), pages 526-556, June.
- Guiso, Luigi & Zingales, Luigi & Sapienza, Paola, 2000. "The Role of Social Capital In Financial Development," CEPR Discussion Papers 2383, C.E.P.R. Discussion Papers.
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2000. "The Role of Social Capital in Financial Development," NBER Working Papers 7563, National Bureau of Economic Research, Inc.
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2000. "The Role of Social Capital in Financial Development," CRSP working papers 511, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
- Frijns, Bart & Hubers, Frank & Kim, Donghoon & Roh, Tai-Yong & Xu, Yahua, 2022. "National culture and corporate risk-taking around the world," Global Finance Journal, Elsevier, vol. 52(C).
- Ronel Elul & Nicholas S. Souleles & Souphala Chomsisengphet & Dennis Glennon & Robert Hunt, 2010.
"What "Triggers" Mortgage Default?,"
American Economic Review, American Economic Association, vol. 100(2), pages 490-494, May.
- Souphala Chomsisengphet & Ronel Elul & Robert M. Hunt & Nicholas S. Souleles, 2010. "What \"triggers\" mortgage default?," Working Papers 10-13, Federal Reserve Bank of Philadelphia.
- Maha Bakoben & Tony Bellotti & Niall Adams, 2020. "Identification of credit risk based on cluster analysis of account behaviours," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 71(5), pages 775-783, May.
- Li, Kai & Griffin, Dale & Yue, Heng & Zhao, Longkai, 2013. "How does culture influence corporate risk-taking?," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 1-22.
- van Bastelaer, Thierry & Leathers, Howard, 2006. "Trust in Lending: Social Capital and Joint Liability Seed Loans in Southern Zambia," World Development, Elsevier, vol. 34(10), pages 1788-1807, October.
- James H. Fowler & Tim Johnson & Oleg Smirnov, 2005. "Egalitarian motive and altruistic punishment," Nature, Nature, vol. 433(7021), pages 1-1, January.
- Campbell, Tim S & Dietrich, J Kimball, 1983. "The Determinants of Default on Insured Conventional Residential Mortgage Loans," Journal of Finance, American Finance Association, vol. 38(5), pages 1569-1581, December.
- Andrew Linn & Ronan C. Lyons, 2020.
"Three Triggers? Negative Equity, Income Shocks and Institutions as Determinants of Mortgage Default,"
The Journal of Real Estate Finance and Economics, Springer, vol. 61(4), pages 549-575, November.
- Andrew Linn & Ronan C Lyons, 2018. "The Triple Trigger? Negative Equity, Income Shocks and Institutions as Determinants of Mortgage Default," Trinity Economics Papers tep0718, Trinity College Dublin, Department of Economics.
- Linn, Andrew & Lyons, Ronan, 2019. "Three triggers? Negative equity, income shocks and institutions as determinants of mortgage default," Bank of England working papers 812, Bank of England.
- Anneli Kaasa & Maaja Vadi & Urmas Varblane, 2014. "Regional Cultural Differences Within European Countries: Evidence from Multi-Country Surveys," Management International Review, Springer, vol. 54(6), pages 825-852, December.
- Arosa, Clara Maria Verduch & Richie, Nivine & Schuhmann, Peter W., 2014. "The impact of culture on market timing in capital structure choices," Research in International Business and Finance, Elsevier, vol. 31(C), pages 178-192.
- Greco, Salvatore & Matarazzo, Benedetto & Slowinski, Roman, 2001. "Rough sets theory for multicriteria decision analysis," European Journal of Operational Research, Elsevier, vol. 129(1), pages 1-47, February.
- Charles F. Manski, 1993.
"Identification of Endogenous Social Effects: The Reflection Problem,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(3), pages 531-542.
- Manski, Charles F., 1991. "Identification of Endogenous Social Effects: The Reflection Problem," SSRI Workshop Series 292712, University of Wisconsin-Madison, Social Systems Research Institute.
- Manski, C.F., 1991. "Identification of Endogenous Social Effects: the Reflection Problem," Working papers 9127, Wisconsin Madison - Social Systems.
- Michael J. Seiler & Andrew J. Collins & Nina H. Fefferman, 2013. "Strategic Mortgage Default in the Context of a Social Network," Journal of Real Estate Research, American Real Estate Society, vol. 35(4), pages 445-476.
- Manthos D. Delis & Panagiotis Papadopoulos, 2019. "Mortgage Lending Discrimination Across the U.S.: New Methodology and New Evidence," Journal of Financial Services Research, Springer;Western Finance Association, vol. 56(3), pages 341-368, December.
- Reza Tajaddini & Hassan F. Gholipour, 2017. "National Culture and Default on Mortgages," International Review of Finance, International Review of Finance Ltd., vol. 17(1), pages 107-133, March.
- Leow, Mindy & Crook, Jonathan, 2016. "The stability of survival model parameter estimates for predicting the probability of default: Empirical evidence over the credit crisis," European Journal of Operational Research, Elsevier, vol. 249(2), pages 457-464.
- Manthoulis, Georgios & Doumpos, Michalis & Zopounidis, Constantin & Galariotis, Emilios, 2020. "An ordinal classification framework for bank failure prediction: Methodology and empirical evidence for US banks," European Journal of Operational Research, Elsevier, vol. 282(2), pages 786-801.
- Mai Beilmann & Liisi Kööts-Ausmees & Anu Realo, 2018. "The Relationship Between Social Capital and Individualism–Collectivism in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 137(2), pages 641-664, June.
- Georgios Manthoulis & Michalis Doumpos & Constantin Zopounidis & Emilios C. C Galariotis, 2020. "An ordinal classification framework for bank failure prediction: Methodology and empirical evidence for US banks," Post-Print hal-02413358, HAL.
- Bellotti, Tony & Crook, Jonathan, 2013. "Forecasting and stress testing credit card default using dynamic models," International Journal of Forecasting, Elsevier, vol. 29(4), pages 563-574.
- Jonathan Crook & Tony Bellotti, 2010. "Time varying and dynamic models for default risk in consumer loans," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 173(2), pages 283-305, April.
- Eric Van den Steen, 2004. "Rational Overoptimism (and Other Biases)," American Economic Review, American Economic Association, vol. 94(4), pages 1141-1151, September.
- Puri, Manju & Robinson, David T., 2007.
"Optimism and economic choice,"
Journal of Financial Economics, Elsevier, vol. 86(1), pages 71-99, October.
- Manju Puri & David Robinson, 2005. "Optimism and Economic Choice," NBER Working Papers 11361, National Bureau of Economic Research, Inc.
- Wolfgang Breuer & Michael Riesener & Astrid Juliane Salzmann, 2014. "Risk aversion vs. individualism: what drives risk taking in household finance?," The European Journal of Finance, Taylor & Francis Journals, vol. 20(5), pages 446-462, May.
- Ghazi Boulila & Lobna Bousrih & Mohamed Trabelsi, 2008. "Social capital and economic growth: empirical investigations on the transmission channels," International Economic Journal, Taylor & Francis Journals, vol. 22(3), pages 399-417.
- Charrad, Malika & Ghazzali, Nadia & Boiteau, Véronique & Niknafs, Azam, 2014. "NbClust: An R Package for Determining the Relevant Number of Clusters in a Data Set," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 61(i06).
- Ishizaka, Alessio & Lokman, Banu & Tasiou, Menelaos, 2021. "A Stochastic Multi-criteria divisive hierarchical clustering algorithm," Omega, Elsevier, vol. 103(C).
- Brown, Martin & Schmitz, Jan & Zehnder, Christian, 2016. "Social Norms and Strategic Default," Working Papers on Finance 1608, University of St. Gallen, School of Finance, revised Jun 2017.
- Michael J. Seiler & Vicky L. Seiler & Mark A. Lane & David M. Harrison, 2012. "Fear, Shame and Guilt: Economic and Behavioral Motivations for Strategic Default," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 40, pages 199-233, December.
- Michael G. Bradley & Amy Crews Cutts & Wei Liu, 2015. "Strategic Mortgage Default: The Effect of Neighborhood Factors," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(2), pages 271-299, June.
- Beck, Thorsten & Behr, Patrick & Madestam, Andreas, 2018. "Sex and credit: Do gender interactions matter for credit market outcomes?," Journal of Banking & Finance, Elsevier, vol. 87(C), pages 380-396.
- Poortinga, Wouter, 2006. "Social capital: An individual or collective resource for health?," Social Science & Medicine, Elsevier, vol. 62(2), pages 292-302, January.
- Agarwal, Sumit & Chomsisengphet, Souphala & Liu, Chunlin, 2011. "Consumer bankruptcy and default: The role of individual social capital," Journal of Economic Psychology, Elsevier, vol. 32(4), pages 632-650, August.
- Andy C W Chui & Alison E Lloyd & Chuck C Y Kwok, 2002. "The Determination of Capital Structure: Is National Culture a Missing Piece to the Puzzle?," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 33(1), pages 99-127, March.
- Bellotti, Tony & Crook, Jonathan, 2012. "Loss given default models incorporating macroeconomic variables for credit cards," International Journal of Forecasting, Elsevier, vol. 28(1), pages 171-182.
- Marcelo Pinheiro & Ms. Deniz O Igan, 2009. "Exposure to Real Estate Losses: Evidence from the US Banks," IMF Working Papers 2009/079, International Monetary Fund.
- Jefferson Duarte & Stephan Siegel & Lance Young, 2012. "Trust and Credit: The Role of Appearance in Peer-to-peer Lending," Review of Financial Studies, Society for Financial Studies, vol. 25(8), pages 2455-2484.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Weiran Huang & Ashlyn Nelson & Stephen L. Ross, 2018.
"Foreclosure Spillovers within Broad Neighborhoods,"
Working Papers
2018-096, Human Capital and Economic Opportunity Working Group.
- Weiran Huang & Ashlyn Nelson & Stephen L. Ross, 2018. "Foreclosure Spillovers within Broad Neighborhoods," Working papers 2018-23, University of Connecticut, Department of Economics.
- Weiran Huang & Ashlyn Nelson & Stephen Ross, 2021. "Foreclosure Spillovers within broad Neighborhoods," NBER Working Papers 28851, National Bureau of Economic Research, Inc.
- Martin Brown & Jan Schmitz & Christian Zehnder, 2023. "Moral Constraints, Social Norm Enforcement and Strategic Default in Weak and Strong Economic Conditions," Working Papers 23.03, Swiss National Bank, Study Center Gerzensee.
- Guiso, Luigi & Sodini, Paolo, 2013.
"Household Finance: An Emerging Field,"
Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, volume 2, chapter 0, pages 1397-1532,
Elsevier.
- Luigi Guiso & Paolo Sodini, 2012. "Household Finance. An Emerging Field," EIEF Working Papers Series 1204, Einaudi Institute for Economics and Finance (EIEF), revised Mar 2012.
- Guiso, Luigi, 2012. "Household Finance: An Emerging Field," CEPR Discussion Papers 8934, C.E.P.R. Discussion Papers.
- Goudarzi, Fatemeh (Sahar) & Olaru, Doina & Bergey, Paul, 2023. "Beyond risk attitude: Unpacking behavioral drivers of supply chain contracts," International Journal of Production Economics, Elsevier, vol. 255(C).
- Brown, Martin & Schmitz, Jan & Zehnder, Christian, 2016. "Social Norms and Strategic Default," Working Papers on Finance 1608, University of St. Gallen, School of Finance, revised Jun 2017.
- Gaganis, Chrysovalantis & Hasan, Iftekhar & Pasiouras, Fotios, 2020. "National culture and housing credit," Journal of Empirical Finance, Elsevier, vol. 56(C), pages 19-41.
- Haq, Mamiza & Hu, Daniel & Faff, Robert & Pathan, Shams, 2018. "New evidence on national culture and bank capital structure," Pacific-Basin Finance Journal, Elsevier, vol. 50(C), pages 41-64.
- Reza Tajaddini & Hassan F. Gholipour, 2017. "National Culture and Default on Mortgages," International Review of Finance, International Review of Finance Ltd., vol. 17(1), pages 107-133, March.
- Goodstein, Ryan & Hanouna, Paul & Ramirez, Carlos D. & Stahel, Christof W., 2017. "Contagion effects in strategic mortgage defaults," Journal of Financial Intermediation, Elsevier, vol. 30(C), pages 50-60.
- Mingfeng Lin & Nagpurnanand R. Prabhala & Siva Viswanathan, 2013. "Judging Borrowers by the Company They Keep: Friendship Networks and Information Asymmetry in Online Peer-to-Peer Lending," Management Science, INFORMS, vol. 59(1), pages 17-35, August.
- Francisco Gomes & Michael Haliassos & Tarun Ramadorai, 2021.
"Household Finance,"
Journal of Economic Literature, American Economic Association, vol. 59(3), pages 919-1000, September.
- Haliassos, Michael & Gomes, Francisco, 2020. "Household Finance," CEPR Discussion Papers 14502, C.E.P.R. Discussion Papers.
- Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Calabrese, Raffaella & Crook, Jonathan, 2020. "Spatial contagion in mortgage defaults: A spatial dynamic survival model with time and space varying coefficients," European Journal of Operational Research, Elsevier, vol. 287(2), pages 749-761.
- Georgarakos, Dimitris & Fürth, Sven, 2015. "Household repayment behavior: The role of social capital and institutional, political, and religious beliefs," European Journal of Political Economy, Elsevier, vol. 37(C), pages 249-265.
- Medina-Olivares, Victor & Calabrese, Raffaella & Crook, Jonathan & Lindgren, Finn, 2023. "Joint models for longitudinal and discrete survival data in credit scoring," European Journal of Operational Research, Elsevier, vol. 307(3), pages 1457-1473.
- Li, Aimin & Li, Zhiyong & Bellotti, Anthony, 2023. "Predicting loss given default of unsecured consumer loans with time-varying survival scores," Pacific-Basin Finance Journal, Elsevier, vol. 78(C).
- Kim, Moshe & Surroca, Jordi & Tribó, Josep A., 2014. "Impact of ethical behavior on syndicated loan rates," Journal of Banking & Finance, Elsevier, vol. 38(C), pages 122-144.
- Martin Hauptfleisch, 2019. "Financial Decision-Making Using Data," PhD Thesis, Finance Discipline Group, UTS Business School, University of Technology, Sydney, number 6-2019.
- Dendramis, Y. & Tzavalis, E. & Adraktas, G., 2018. "Credit risk modelling under recessionary and financially distressed conditions," Journal of Banking & Finance, Elsevier, vol. 91(C), pages 160-175.
- Panagiotis Avramidis & Ioannis Asimakopoulos & Dimitris Malliaropulos, 2021. "Disrupted lending relationship and borrower's strategic default: evidence from the tourism industry during the Greek economic crisis," Working Papers 285, Bank of Greece.
- Lina Mao & Chongluan Lu & Guangfan Sun & Chunyan Zhang & Changwei Guo, 2024. "Regional culture and corporate finance: a literature review," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
More about this item
Keywords
Social traits; Credit card default; Clustering; Prediction;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:annopr:v:325:y:2023:i:2:d:10.1007_s10479-022-04859-1. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.