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The distinct influences of financial information intermediaries on consumer rationalisation of vehicle finance

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According to the classical economics theory, consumers are sovereign economic entities motivated to maximise their wellbeing. One strategy used to rationalise credit choices is through consultation of information intermediaries. While the literature recognises the notion that financial information intermediaries are exogenous in form and substance, the distinct influence of each information intermediary on consumer financial rationalisation has not been examined a priori - an objective of this study. Using a sample drawn from Melbourne residents, a proposed theoretical model was empirically tested. The results were suggestive that financial information intermediaries significantly influenced consumers’ vehicle finance rationalisation. Furthermore, different financial information intermediaries seemed to have distinct influence on borrowers’ vehicle finance decisions. The implications of the study findings are discussed.

History

Volume

13

Issue

1

Start Page

95

End Page

110

Number of Pages

16

ISSN

1499-691X

Location

United States

Publisher

North American Business Press

Language

en-aus

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Faculty of Arts, Business, Informatics and Education; Institute for Resource Industries and Sustainability (IRIS); University of Botswana;

Era Eligible

Yes

Journal

Journal of applied business and economics.