Preliminary Results of Non-bank Consumer Credit Providers in the Professional Qualifications Test by the Act No. 257/2016 Coll., on Consumer Credit

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F18%3A50014962" target="_blank" >RIV/62690094:18450/18:50014962 - isvavai.cz</a>

Výsledek na webu

<a href="https://is.muni.cz/do/econ/sborniky/2018/Proceedings_finalni_verze_September_3.pdf" target="_blank" >https://is.muni.cz/do/econ/sborniky/2018/Proceedings_finalni_verze_September_3.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Preliminary Results of Non-bank Consumer Credit Providers in the Professional Qualifications Test by the Act No. 257/2016 Coll., on Consumer Credit

Popis výsledku v původním jazyce

The new Act No. 257/2016 Coll., on consumer credit states obligatory duty for consumer credit providers and intermediaries to ensure and prove the professional qualification level of all employees involved in the provision and intermediation of a consumer credit. Qualification can be proven by the Act No. 257/2016 Coll only at accredited institutions. Such institutions provide a testing based on questions prepared by the market regulator and supervisor – the Czech national bank. No one is allowed to provide or intermediate a consumer credit without a successful test pass at an accredited institution. We analyzed the test results of 287 employees of two medium-sized non-bank financial institutions who took the final qualification test at an accredited institution. The goal is to present the test results so far and to find whether gender and age are factors of the test score. We set four main and three auxiliary hypotheses regarding an effect of gender and age variable on the test performance. We find that neither of the variables is a factor. Although some level of variance is present in a more detailed analysis, it is not statistically significant. Therefore, we claim that regarding the test by the act no. 257/2016 Coll. on Consumer Credit the results are independent of age or gender of an employee. Our result was unexpected concerning the age variable. In a discussion, we explain that results might be biased by “early-takers” employees. Therefore, we expect an increase in test results variance and change in the test result distribution skewness in a future as more regular employees will participate.

Název v anglickém jazyce

Preliminary Results of Non-bank Consumer Credit Providers in the Professional Qualifications Test by the Act No. 257/2016 Coll., on Consumer Credit

Popis výsledku anglicky

The new Act No. 257/2016 Coll., on consumer credit states obligatory duty for consumer credit providers and intermediaries to ensure and prove the professional qualification level of all employees involved in the provision and intermediation of a consumer credit. Qualification can be proven by the Act No. 257/2016 Coll only at accredited institutions. Such institutions provide a testing based on questions prepared by the market regulator and supervisor – the Czech national bank. No one is allowed to provide or intermediate a consumer credit without a successful test pass at an accredited institution. We analyzed the test results of 287 employees of two medium-sized non-bank financial institutions who took the final qualification test at an accredited institution. The goal is to present the test results so far and to find whether gender and age are factors of the test score. We set four main and three auxiliary hypotheses regarding an effect of gender and age variable on the test performance. We find that neither of the variables is a factor. Although some level of variance is present in a more detailed analysis, it is not statistically significant. Therefore, we claim that regarding the test by the act no. 257/2016 Coll. on Consumer Credit the results are independent of age or gender of an employee. Our result was unexpected concerning the age variable. In a discussion, we explain that results might be biased by “early-takers” employees. Therefore, we expect an increase in test results variance and change in the test result distribution skewness in a future as more regular employees will participate.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

European financial systems 2018

ISBN

978-80-210-8980-8

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

662-669

Název nakladatele

Masarykova univerzita

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

25. 6. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000462948800085