Welcome to the Academy of Financial Service’s 2019 Annual Meeting being held in Minneapolis, Minnesota in conjunction with FPA’s Annual Conference 2019. This is the full agenda for AFS. For details on FPA items, visit their Full Schedule. Please report any errors to support@academyfinancial.org.
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Tuesday, October 15 • 4:30pm - 6:00pm
P103 Examining the Alternative Financial Service Use among Millennials Using the Information-Motivation-Behavioral Skills Model

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Borrowing alternative financial service (AFS) loans is often associated with high interests and thus leads to less optimal financial consequences. Previous literature shows financial knowledge and financial management ability have a significant association with AFS borrowing behaviors. Millennials are vulnerable borrowers because they are lacking in financial capability. Using the information-motivation-behavioral skills (IMB) model, this study examines the relationships between financial knowledge, negative credit experience, financial skills, and AFS product use among millennials. Findings of this study can provide significant practical implications.

Author(s): Narang Park, Lu Fan


Narang Park

PhD Candidate, University of Georgia

Tuesday October 15, 2019 4:30pm - 6:00pm CDT
205 AB

Attendees (3)