Religiosity, gambling attitudes, and fintech credit adoption

Mohammad Hashemi Joo, Yuka Nishikawa and Krishnan Dandapani

Finance Research Letters, 2024, vol. 67, issue PB

Abstract: We investigate how religious beliefs and gambling attitudes play a role in the adoption of fintech mortgage lending, a new type of lending facilitated by online platforms. Prior research suggests that religiosity is associated with greater risk aversion and that regions with a higher ratio of Catholics to Protestants exhibit a stronger inclination towards gambling. Based on these arguments and the risky nature of fintech credit, we conjecture that fintech mortgage lending is less adopted in regions with high religiosity and more adopted in regions with high gambling preference. We empirically test and find support to these hypotheses.

Keywords: Fintech; Fintech lending; Religiosity; Gambling attitudes (search for similar items in EconPapers)
JEL-codes: G21 G41 G51 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324009887

DOI: 10.1016/j.frl.2024.105958

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