Credit and default amongst young adults: An agenda of issues

This paper is concerned to develop a framework of analysis for the use of credit and experience of default amongst young adults. The framework proposed draws together a concern with both the supply and demand for credit, and recognises some of the wider social and economic processes that may shape young adults' patterns of use. The category young adult, as used in existing studies, is discussed critically, and attention drawn to the evidence that suggests that those aged 18–21 form a distinct sub-group. Taking this group as a focus, the paper explores a series of issues concerning knowledge about credit, reasons for credit use and the sources used, attitudes and beliefs, and credit breakdown. As contextual material the paper also provides an overview of the development and characteristics of the credit market in Britain.

---

Kredit und Zahlungsverzug bei jungen Erwachsenen: Eine Zusammenstellung wichtiger Punkte

Zusammenfassung Der Beitrag möchte einen Bezugsrahmen für die Untersuchung der Inanspruchnahme von Kredit durch junge Erwachsene und ihre Erfahrungen mit Zahlungsverzug entwickeln. Der vorgeschlagene Bezugsrahmen berücksichtigt beides, das Angebot von und die Nachfrage nach Kredit, und betrachtet allgemeinere soziale und ökonomische Prozesse, die die Inanspruchnahme von Krediten durch junge Erwachsene beeinflussen.Die Kategorie junger Erwachsener, so wie sie in voliegenden Studien verwendet wird, wird kritisch diskutiert; dabei wird besondere Aufmerksamkeit den Befunden beigemessen, nach denen die 18- bis 21-jährigen eine besondere Subgruppe bilden. Der Beitrag engt den Blickwinkel auf diese besondere Gruppe ein und setzt sich auseinander mit Fragen der Kenntnis über Kredite, der Gründe für Kreditnahme, der benutzten Kreditmöglichkeiten, der relevanten Einstellungen und Überzeugungen sowie der Zahlungsunfähigkeit. Im Zusammenhang mit diesen Überlegungen wird ein Überblick über die Entwicklung und die Besonderheit des britischen Kreditmarktes gegeben.

---

---

Janet Ford is Principal Research Fellow, Institute of Employment Research, University of Warwick, Coventry CV4 7AL, U.K.The paper was written while the author was Senior Lecturer in Sociology, Loughborough University.     

Analyzing the past to prepare for the future: a review of literature on factors with influence on entrepreneurial intentions

Journal of International Entrepreneurship - The purpose of this paper is to review existing literature and show the state of the art regarding the factors that influence the entrepreneurial...     

Lose like a man: body image and celebrity endorsement effects of weight loss product purchase intentions

Abstract

Recent research suggests men are increasingly concerned with their body size, which has led to a corresponding increase in marketing efforts for weight loss products geared toward them. In many cases, these ads include athlete endorsers of the product. Drawing from the match-up hypothesis and social comparison theory, this study employed structural equation modeling to explore relationships between men’s body image, endorser credibility, advertisement believability, and purchase intentions for weight loss products using two advertisements featuring former professional athlete endorsers. Results indicate an inverse relationship between consumer body image and athlete endorser credibility, such that individuals with lower body image perceived the endorsers as more credible. Further, athlete endorser credibility was positively associated with advertisement believability, which itself was associated with purchase intentions. These findings suggest that athlete endorsers are an effective tool in marketing weight loss products to men, particularly those with negative body image. Further implications and directions for future research are discussed.     

原产地规则:助益企业外贸经营

深入了解和运用原产地规则,能够有利于企业按照国际规则调整自身的产品结构和经营策略,在参与国际市场竞争和实现可持续发展方面意义重大。     

Leaving home: Food choice behavior of young German adults

Like other western countries, Germany too reports record numbers of overweight and obese individuals with young German adults in a particularly high-risk position. As such, this study sought to investigate if food choice varied by the place of residence (dependent or independent) of these young adults. Using a self-administered questionnaire, analyses of quantitative data from 305 German students between the ages of 18 to 24 years indicate that students living in the family home consume more serves of both fruit and vegetables each day in comparison to young adults living independently. Further, higher proportions of dependent students eat more serves of every food group each day in comparison to their independent counterparts. The study finds a significant difference in mood, weight concern, and attitudes towards healthy eating between students under 21 years old and those above 21 years old. This study demonstrates clear implications for a number of stakeholders. The individuals themselves must better develop skills in both food choice and food management, including budgeting. Parents can facilitate this development whilst the children are in the family home and then encouraging empowerment once the student makes the transition to college or university. The article includes implications for marketers and social marketers; the former must offer more information and guidance on food choice, for example, through better food labelling, the latter must address these message issues for future attitude and behavioural change campaigns.     

Consumer reaction to product recalls: factors influencing product judgement and behavioural intentions

In order to evaluate the factors influencing consumers’ responses to product recalls, two surveys were conducted among Brazilian automobile owners and two regression models tested. Results indicated that (i) product judgement was significantly affected by corporate social responsibility (CSR), blame attributed to the company and whether or not consumers had a car made by the brand considered; and (ii) behavioural intentions were significantly affected by CSR, consumers’ involvement with the message, perceived danger, product judgement and whether or not consumers had a car made by the brand considered. Findings revealed, however, that CSR is a better predictor of the product judgement than of the behavioural intentions, in accordance with recent studies indicating that CSR affects consumer judgements and behaviour differently. Finally, these two models are discussed and compared with previous research.     

Appraisal processes in the enactment of intentions to use coupons

Although much research has been performed on the role of intentions in consumer behavior, relatively little attention has been given to the processes intervening between intentions and behavior. Because coupon usage behavior requires planning and implementation effort with respect to intermediary acts or means, the behavior is considered problematic. This article proposes a model for explaining how consumers enact intentions once they decide to use coupons. Enactment of intentions is hypothesized to be a function of three appraisal processes: self-efficacies, instrumental beliefs, and affect toward intermediate acts or means. These three appraisal processes are hypothesized to combine multiplicatively to influence the target behavior, coupon usage. Also, one's prior history of coupon usage is expected to be an important determinant of coupon usage. Theoretical and practical implications are also discussed.     

From entrepreneurial intentions to actions: Self-control and action-related doubt,fear, and aversion

This study draws on the Rubicon model of action phases to study the actions or lack of actions that follow the formation of entrepreneurial intentions. Concurrently, it examines the roles of self-control and action-related emotions in explaining the intention–action gap using longitudinal survey data (N = 161). The results show that self-control positively moderates the relationship between intention and action, and that it counters the rise of action-related fear, doubt, and aversion. We also find evidence for interaction effects between action aversion, action doubt, and intention strength. Our results signal the importance of studying moderators of the intention–action relationship.     

Entrepreneurial intentions: The influence of organizational and individual factors

An individual's intent to pursue an entrepreneurial career can result from the work environment and from personal factors. Drawing on the entrepreneurial intentions and the person-environment (P-E) fit literatures, and applying a multilevel perspective, we examine why individuals intend to leave their jobs to start business ventures. Findings, using a sample of 4192 IT professionals in Singapore, suggest that work environments with an unfavorable innovation climate and/or lack of technical excellence incentives influence entrepreneurial intentions, through low job satisfaction. Moderating effects suggest that an individual's innovation orientation strengthens the work-environment to job-satisfaction relationship; self-efficacy strengthens the job-satisfaction to entrepreneurial intentions relationship.     

Convergence across American and Korean young adults: socialisation variables indicate the verdict is still out

A study was undertaken to examine consumer socialisation variables among Korean and American young adults. Many studies have been undertaken that focus on American consumers and the consumer socialisation process, but very few cross-cultural studies exist on this topic. However, efforts are increasing to suggest that consumers are converging on a global scale and research is needed to adequately assess the reality of these claims. Specifically the research explored Korean and American consumers’ media use patterns and the believed importance of different agents (media and interpersonal) for consumption-related information. The study also examined the relative importance of social structural variables on consumers’ perceived influences of key socialisation agents. Results indicate that American and Korean consumers are quite similar in how they allocate their time across media. Both groups spent the most time with television and the internet. However, differences were evident in the perceived importance of information sources, as well as the influence of socialisation agents when making purchase decisions. These differences do call into question the ability of standardised advertising campaigns and the ability to present one strategy to a unified global target market. Implications for advertisers and consumer researchers are provided.     

From disconfirmation to switching: an empirical investigation of switching intentions after service failure and recovery

This research proposes and empirically tests a customer switching intentions model from a disconfirmation perspective in a service failure and recovery context. Specifically, the research examines how initial (discrepancy between service failure expectation and service performance) and recovery (discrepancy between recovery expectation and recovery performance) disconfirmations influence satisfaction when a service failure occurs and a recovery offer is given, and subsequently impact switching intentions. The results support the hypotheses that both initial and recovery disconfirmations influence switching intentions via satisfaction. In addition, switching costs directly influence switching intentions and also moderate the effect of satisfaction on switching intentions.     

Examination of the health‐belief model to predict the dietary quality and body mass of adults

We examined the ability of the health‐belief model to predict individuals’ dietary quality and body mass among a nationwide sample of 1319 adults in the United States. Simultaneous estimation of the structural equation model found acceptable goodness‐of‐fit to the data. Explained variance in dietary quality and body mass, however, were moderate to weak. The model included three types of nutrition knowledge: basic facts, diet–health awareness and ability to accurately self‐assess nutrient intake. None of these variables had a strong effect on dietary quality or body mass. We speculate that lifestyle characteristics, cultural habits, community infrastructure, and the politics of food production and retailing – variables found in other studies to affect dietary quality and body mass yet not available in our data – might outweigh the effects of nutrition knowledge and sociodemographic factors on estimating dietary quality and body mass. We suggest that future research and intervention programmes focus more on social, cultural and political context than on nutrition knowledge. Current collaborations among life and social scientists to design foods to improve human nutrition might also prove effective in reducing the prevalence of overweight and obesity.     

Ethical judgments and intentions: a multinational study of marketing professionals

A multinational study of marketing professionals was conducted in the US, England, Spain and Turkey. Respondents from these countries were compared on various ethics-related constructs such as idealism, relativism, moral intensity and corporate ethical values. Analyses of variance indicated that moral intensity had a signi ?cant impact on both ethical judgments and behavioral intentions. However, corporate ethical values, an idealistic ethical perspective and a relativistic ethical perspective only partially impacted ethical judgments and intentions. Country differences showed that the US was highest in terms of corporate ethical values while being the lowest in terms of relativism and signi?cantly lower than Spain and Turkey in terms of idealism. Turkey was the highest in terms of both idealism and relativism yet lowest in terms of corporate ethical values. Country differences in terms of moral intensity tended to be situation-speci?c. One managerial implication, for ?rms in all four countries, is that a clear set of corporate policies concerning ethics can positively in?uence the behavioral intentions of employees. It is important that employees do not misinterpret the desires of top management where ethical issues are involved.     

Perceived quality, emotions, and behavioral intentions: Application of an extended Mehrabian-Russell model to restaurants

In order to address a lack of comprehensive evaluation of restaurant quality, this study extends Mehrabian and Russell's stimulus-organism-response framework by incorporating restaurant-specific stimuli and including restaurant-specific measures of emotion. Using structural equation modeling, this study shows that atmospherics and service function as stimuli that enhance positive emotions while product attributes, such as food quality, act to relieve negative emotional responses. Results also suggest that positive emotions mediate the relationship between atmospherics/services and future behavioral outcomes. The results are theoretically and practically meaningful because they address the relationships among three types of perceived quality (product, atmospherics, and service), customer emotions (positive/negative), and behavioral intentions in the restaurant consumption experience. Managerial implications, limitations, and future research directions are also suggested.     

EMU: Experiences to date and challenges for the future

Have the first two years of European Monetary Union fulfilled the expectations of its supporters? Or have the fears of the critics been confirmed? What challenges will EMU have to face in the years ahead?     

Predictors of consumption cutbacks in response to increased energy costs

Energy costs have increased at a more rapid rate than overall household costs in recent years. The effects of these increased costs upon families' consumption of goods and services, as measured by cutbacks in and across consumption categories and cutbacks in necessities, were studied in relation to three variables: (1) family income level; (2) perceived effect of energy cost changes upon life in the last five years (well-off); and (3) belief that energv consumption could be reduced by one-fourth in the next year. Family income level was significantly related in a negative direction to each measure of cutback in consumption. However, the well-off measure explained a greater percentage of the variation in consumption cutback measures than did income level.     

Entrepreneurial intentions in the third age: the impact of perceived age norms

This article investigates the impact of perceived age norms on the formation of entrepreneurial intentions in the third age. Age norms refer to those social norms that determine whether establishing and running a business are considered appropriate behavior for a mature individual. An empirical analysis of Finnish individuals finds that norms perceived as permissive of enterprising activity in the third age exert a significant positive influence on entrepreneurial intentions in this segment, even when controlling for the general level of entrepreneurship in the municipalities. This influence is partially mediated by whether the individual has a positive attitude toward entrepreneurship, by how the individual perceives their own ability to start and run a business, by the extent of support from their family and friends they perceive and by the importance of that support to them. Thus, if policy aims to increase enterprising activity in the third-age segment, the portfolio of instruments should include measures that address people’s general awareness of third-age entrepreneurship as a viable, positive and attractive late-career option.     

Predictors of External Whistleblowing: Organizational and Intrapersonal Variables

Research on whistleblowing has not yet provided a finite set of variables which have been shown to influence an employee's decision to report wrongdoing. Prior research on business ethics suggests that ethical business decisions are influenced by both organizational as well as intrapersonal variables. As such, this paper attempts to predict the decision to whistleblow using organizational and intrapersonal variables. External whistleblowing was found to be significantly related to supervisor support, informal policies, gender, and ideal values. External whistleblowing was not found to be significantly predicted by formal policies, organizational tenure, age, education, satisfaction, or commitment.     

The perception of self‐efficacy in coping with economic risks among young adults: an application of psychological theory and research

The present study was prompted by the paucity of research about the perception among young people of their ability to cope with economic risks of contemporary society. The variables used in this exploration were attitudes to money. The variable of emotion management was included on the rationale that stress and negative emotions tend to arise from demands to manage economic aspects of life. The links between a sense of economic self‐efficacy and these variables were examined using a questionnaire filled out by 120 respondents. The findings revealed considerable correspondence between economic self‐efficacy and the notion of adhering to meticulous saving plans as well as firmer self‐control of emotions. Profiles that successfully discriminated between low and high sense of economic self‐efficacy were identified. The results further our understanding of the interplay between psychological factors and the self‐perception of efficacy in dealing with economic change.