Lu, Zhiqiang; Li, Hongyu; Wu, JunJie - In: Borsa Istanbul Review 24 (2024) 2, pp. 352-362
This study explores whether financial literacy can enhance the ability to predict credit default by farmers using … data on 10,396 farmers who obtained credit from Chinese rural commercial banks, including demographics, household finance …, credit history, and financial literacy. We systemically compare the results of models with and without financial literacy …