[雙語翻譯]信用卡外文翻譯--大學(xué)校園信用卡風(fēng)險行為：以巴西為例（節(jié)選）

1、2150 英文單詞， 英文單詞，1.2 萬英文字符，中文 萬英文字符，中文 3020 字文獻出處： 文獻出處：Mendesdasilva W, Nakamura W T, Moraes D C D. Credit Card Risk Behavior on College Campuses: Evidence from Brazil[M]// Brazilian Administration Review. 2012:351-373.C

2、redit Card Risk Behavior on College Campuses: Evidence from BrazilWesley Mendes-Da-Silva，Wilson Toshiro Nakamura，Daniel Carrasqueira de Moraes AbstractCollege students frequently show they have little skill when it comes

3、 to using a credit card in a responsible manner. This article deals with this issue in an emerging market and in a pioneering manner. University students (n = 769) in São Paulo, Brazil’s main financial center, repli

4、ed to a questionnaire about their credit card use habits. Using Logit models, associations were discovered between personal characteristics and credit card use habits that involve financially risky behavior. The main res

5、ults were: (a) a larger number of credit cards increases the probability of risky behavior; (b) students who alleged they knew what interest rates the card administrators were charging were less inclined to engage in r

6、isky behavior. The results are of interest to the financial industry, to university managers and to policy makers. This article points to the advisability, indeed necessity, of providing students with information about t

7、he use of financial products (notably credit cards) bearing in mind the high interest rates which their users are charged. The findings regarding student behavior in the use of credit cards in emerging economies are both

8、 significant and relevant. Furthermore, financial literature, while recognizing the importance of the topic, has not significantly examined the phenomenon in emerging economies.Key words: credit cards; young adults; cons

9、umers; emerging market; personal finance.IntroductionUniversity students frequently find themselves at a time in their lives when they have growing responsibilities and are obliged to make decisions that will define thei

10、r financial independence and have consequences for their future well-being and security. Decision-making methods and the financial habits of citizens, especially university students, have received considerable attention

11、from both governments and the financial industry. However, with the exception of the United States, what is seen is that this issue is being studied in less depth in the academic environment than in the finance community

12、, especially when considering emerging markets like Brazil.The main role of financial innovation is to promote the well-being of society through a reduction in the cost of capital, promoting greater efficiency and facili

13、tating the control of consumption and investment decisions, with considerable benefits for borrowers and investors alike; i.e. families, corporations and governments (Sánchez, 2010, p.27). Therefore, it becomes impe

14、rative to carry out studies that seek to throw light on this topic, bearing in mind just how relevant a better understanding of the credit-related behavior of young adults is. The main objectives of this study are to: (a

15、) identify and characterize those students who were most at risk for mismanaging and misusing credit cards; (b) identify some of the hidden consequences of financial mismanagement for students; and (c) provide some insig

16、ht into educational resources and services that could be developed to help students better manage their credit card debt and other finances. For the development of this research, in 2011 we collected 769 valid questionna

17、ires from university students in Sao Paulo, Brazil's main 2001), making it necessary to better understand the behavior of this particular public. Since the last decade the volume of credit in the Brazilian economy ha

18、s grown strongly. According to studies by the financial industry of the Brazilian National Finance System, between January, 2004, and January, 2011, the bank lending/Gross Domestic Product ratio went from 24.3% to 46.5%.

19、 At the same time, the volume of credit went from ~R$417.8billion to ~R$1.71trillion, essentially due to growth in personal credit, which represented ~38% of all lending. At the end of this same period, it reached ~46% o

20、f the credit stock, at ~R$787.1 billion (Departamento de Pesquisas Econômicas do Bradesco[Depec], 2011). When this is associated with the growth in the credit card market (see Figure 1) it becomes possible to arrive

21、 at a reasonable estimate for the size of the card industry.Figure 1. Evolution of Credit Card Use Statistics in BrazilThe line of work that is supported by the traditional Life Cycle Theory with budgetary restrictions,

22、as proposed by Modigliani (1998),provides provocative insights into the financial decisions taken by individuals, including the inter-generational transfer of financial behavior; i.e. the reasons why students get into de