Reduction in the level of risk consciousness among mortgagors

Przemysław Wechta

doi:10.18778/8088-012-2

Reduction in the level of risk consciousness among mortgagors

Przemysław Wechta

Institute of Sociology, Department of Social Sciences, A. Mickiewicz University in Poznań

Publikacja:

Economy Today: An Interdisciplinary Approach to Contemporary Economic Challenges

Serie: Ekonomia

Strony: 187-205

DOI: https://doi.org/10.18778/8088-012-2.11

Słowa kluczowe: ethical issues in management, global integration, economic growth, regional policy, financial markets

Opublikowane: 2 czerwca 2016

Kategorie: Ekonomia i zarządzanie, Otwarty dostęp

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The aim of this article is to analyse risk reduction mechanisms that are used by mortgagors. Two basic types of mortgage borrowers were identified: those with low creditworthiness and those with high creditworthiness. A qualitative method was used in the study based on in-depth interviews that were conducted with 20 mortgagors, which made it possible to provide a typologically representative picture of the risk reduction mechanisms used by this group. Finally, two strategies were identified, i.e. the imitation strategy and the professionalization strategy, as well as two effects that are also aimed at reducing the risk.