Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Comparing spatial patterns of sole proprietorship and corporate payday lenders in Seoul, Korea
https://orcid.org/0000-0002-3958-2269
Abstract The financial regulation lowering the interest rate cap has changed the business model of payday loan services, and as such, we expect that the location of payday lenders may change as well. In particular, because financial business conditions for sole proprietorship and corporate payday lenders differ, their target customers are also expected to vary. The aim of this study is to identify and compare the spatial patterns of corporate and sole proprietorship payday lenders after the implementation of the financial regulation. In a case study of Seoul, Korea, we use a negative binomial regression for the number of corporate and sole proprietorship payday lenders after controlling for demographic conditions. Eigenvector spatial filtering is utilized to take into account the spatial autocorrelation among administrative regions in Seoul. The results from the regression analyses reveal that only sole proprietorship payday lenders are sensitive to less expensive housing and larger traditional markets. Our findings suggest that regulations that decrease the maximum payday loan interest rate can cause financial asymmetry in that economically distressed citizens may be more exposed to unhealthy payday lenders.
Comparing spatial patterns of sole proprietorship and corporate payday lenders in Seoul, Korea
https://orcid.org/0000-0002-3958-2269
Abstract The financial regulation lowering the interest rate cap has changed the business model of payday loan services, and as such, we expect that the location of payday lenders may change as well. In particular, because financial business conditions for sole proprietorship and corporate payday lenders differ, their target customers are also expected to vary. The aim of this study is to identify and compare the spatial patterns of corporate and sole proprietorship payday lenders after the implementation of the financial regulation. In a case study of Seoul, Korea, we use a negative binomial regression for the number of corporate and sole proprietorship payday lenders after controlling for demographic conditions. Eigenvector spatial filtering is utilized to take into account the spatial autocorrelation among administrative regions in Seoul. The results from the regression analyses reveal that only sole proprietorship payday lenders are sensitive to less expensive housing and larger traditional markets. Our findings suggest that regulations that decrease the maximum payday loan interest rate can cause financial asymmetry in that economically distressed citizens may be more exposed to unhealthy payday lenders.
Comparing spatial patterns of sole proprietorship and corporate payday lenders in Seoul, Korea
https://orcid.org/0000-0002-3958-2269
Abstract The financial regulation lowering the interest rate cap has changed the business model of payday loan services, and as such, we expect that the location of payday lenders may change as well. In particular, because financial business conditions for sole proprietorship and corporate payday lenders differ, their target customers are also expected to vary. The aim of this study is to identify and compare the spatial patterns of corporate and sole proprietorship payday lenders after the implementation of the financial regulation. In a case study of Seoul, Korea, we use a negative binomial regression for the number of corporate and sole proprietorship payday lenders after controlling for demographic conditions. Eigenvector spatial filtering is utilized to take into account the spatial autocorrelation among administrative regions in Seoul. The results from the regression analyses reveal that only sole proprietorship payday lenders are sensitive to less expensive housing and larger traditional markets. Our findings suggest that regulations that decrease the maximum payday loan interest rate can cause financial asymmetry in that economically distressed citizens may be more exposed to unhealthy payday lenders.
Comparing spatial patterns of sole proprietorship and corporate payday lenders in Seoul, Korea
Kim, Hyoung Jun (Autor:in) / Lee, Bo Kyeong (Autor:in) / Sohn, So Young (Autor:in)
2020
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
BKL:
83.64$jRegionalwirtschaft
/
74.12
Stadtgeographie, Siedlungsgeographie
/
38.00$jGeowissenschaften: Allgemeines
/
38.00
Geowissenschaften: Allgemeines
/
83.64
Regionalwirtschaft
/
74.12$jStadtgeographie$jSiedlungsgeographie
RVK:
ELIB39
/
ELIB18
/
ELIB45
Lokalklassifikation FBW:
oek 4450
Seoul, Korea.
OECD territorial reviews ; [seoul]
TIBKAT | 2005
British Library Online Contents | 1994
House renovation, Seoul, Korea
| British Library Online Contents | 2008
| British Library Online Contents | 2006
| British Library Online Contents | 2003