Conclusions CONCLUSIONS AND IMPLICATIONS

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CHAPTER V CONCLUSIONS AND IMPLICATIONS

5.1. Conclusions

This study had investigated the antecedents of CBB and whether CBB had any influence on borrowing habit. There were three variables that had been tested whether they influenced CBB or not, they were pocket money, peer acceptance, and money retention. This study also investigated the effect of those three variables to borrowing habit. Pocket money referred to the amount of money the students received every month from their parents, while peer acceptance referred to the effort the students made in order to gain acceptance from their friends. The third independent variable was money retention, which referred to the degree to which the students were being careful with money. The last variable used in this study was borrowing habit, which referred to the tendency to borrow money. The result of this study showed that money retention was the only independent varible that had significant effect on both CBB and borrowing habit. Pocket money, in contrast, did not have significant effect on both. Although it did not significantly affect borrowing habit, peer acceptance was found to have significant influence on CBB. As it had been hypotesized, CBB was proved to increase borrowing habit significantly. The last finding 68 of this study was the mediation effect of CBB on the effect of money retention to borrowing habit. Pocket money in this study was found as a factor that did not have any effect on both CBB and borrowing habit. The result however supported hypothesis H1 in case the influence was positive but it did not support hypothesis H4 since the effect of pocket money to borrowing habit was positive. Here pocket money was bad for increasing CBB but it was also good for reducing borrowing habit in the other side. However it must be noted that both effects were not significant. Even not significant, interestingly the effect of peer acceptance to borrowing habit was negative. This result was in contrast with the hypothesis, meaning that even the tendency to be compulsive buyers would be increased when peer acceptance was increased, in the other side people’s tendency to have negative borrowing habit would be decreased even not significant. There seemed to be dualism of peer acceptance but fortunately the effect of peer acceptance to borrowing habit was not significant. Therefore here peer acceptance was suggested to be reduced, not to be increased. 69

5.2. Theoretical Implications