The Big Five Personality Traits and Borrowing Behavior

Arief Wibisono Lubis, Melia Retno Astrini, Rofikoh Rokhim

Research output: Contribution to journalArticlepeer-review


The importance of the Big Five personality traits (openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism) has been acknowledged in studies on financial decision-making, including borrowing behavior. However, there has been limited discussion on this topic in the context of developing economies, which comprise a significant proportion of the world's population and where financial exclusion is an issue. This study aims to examine the role of the Big Five personality traits on borrowing behavior, measured by intention to borrow and loan to annual income ratio, by using the data from the 2014 Indonesia Family Life Survey (IFLS).

Original languageEnglish
Pages (from-to)1-33
Number of pages33
JournalSoutheast Asian Journal of Economics
Issue number2
Publication statusPublished - 1 Aug 2022


  • Behavioral finance
  • Big Five personality traits
  • borrowing behavior
  • intention to borrow
  • loan to annual income ratio


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