채무조정 상환의 실효율 결정요인 분석:개인워크아웃 제도를 중심으로 (Analysis on Rescheduled Debts of Individual Work-out Program)

Download This Paper Open PDF in Browser Add Paper to My Library Share: Permalink Using these links will ensure access to this page indefinitely Copy URL 채무조정 상환의 실효율 결정요인 분석:개인워크아웃 제도를 중심으로 (Analysis on Rescheduled Debts of Individual Work-out Program) Korea Deposit Insurance Corporation, Vol. 22, No. 2-4 32 Pages Posted: 5 Jan 2022 See all articles by Donghun RyuDonghun RyuSogang UniversityJungsoo ParkSogang UniversityJoo-Ha NamSogang University Date Written: December 31, 2021 Abstract Korean Abstract: 본 연구는 2014년 이후 신용회복위원회의 개인워크아웃 제도를 통해 채무조정을 받은 이용자들의 상환이력에 관한 원시자료를 기초로 채무상환 실패여부(실효율)에 영향을 미치는 주요 요인들을 분석하였다. 본 연구의 주요 결과는 다음과 같다. 첫째, 채무상환에 관한 기존 문헌에서와 같이 부채상환비율(소득대비부채비율)이 높을수록 실효율은 높은 것으로 나타났다. 둘째, 상환여력을 나타내는 부채상환비율과는 별도로 소득수준 변수가 유의하게 실효율을 낮추는 것을 확인하였다. 셋째, 다중채무가 많을수록, 악성채무비율이 높을수록 실효율이 높은 것으로 나타났다. 마지막으로, 부채상환비율은 연령대가 높을수록, 다중채무 개수가 적을수록, 악성채무비율이 높을수록 실효율과 더 강한 상관관계를 갖는 것으로 확인되었다. 본 연구의 결과는 채무조정 시 상환여력 변수로서 비율변수 이외에도 소득수준 변수가 상환여력에 대한 추가적인 정보가 담겨 있다는 증거를 발견하였으며 이는 향후 채무조정제도 개선에 도움이 되는 실증적 기반이 될 결과로 기대한다. 또한, 다중채무와 악성채무비율과 같은 채무의 질적 구성은 채무자의 상환역량에 대한 상당한 정보를 포함하고 있으며 채무조정 감면체계에 이에 대한 고려가 필요하다는 점을 시사한다.English Abstract: This study examines determining factors that influence the failure rates of users under Individual Workout Program (IWP). The analysis is based on the original data of debt repayment records of users who have undergone debt rescheduling from Credit Counseling and Recovery Service(CCRS) since 2014. The main findings of this study are as follow. First, debtors with a higher debt-to-income ratio (DTI) are likely to fail to repay their debts. Second, higher income independent from the debt-to-income ratio lowers the chances of failure. Third, the failure rate increases with greater number of multiple debts and higher ratio of bad debts. Finally, the correlation between DTI and failure rate becomes stronger with higher age, fewer multiple debts, and higher ratio of bad debts. This study provides evidence that income level contains additional information independent from the debt-to-income ratio variable. Our findings may provide an empirical basis to improve debt rescheduling program in the future. We believe that the quality of debt composition such as multiple debts and bad debt ratio contains significant information on the debtor's repayment capabilities which should be considered in designing debt rescheduling program. Note: Downloadable document is in Korean. Keywords: 신용회복, 채무조정, 실효율, 채무불이행, 다중채무, credit recovery, debt rescheduling, default risk, multiple debt, failure rate JEL Classification: G21, G28, D14 Suggested Citation: Suggested Citation Ryu, Donghun and Park, Jungsoo and Nam, Joo-Ha, 채무조정 상환의 실효율 결정요인 분석:개인워크아웃 제도를 중심으로 (Analysis on Rescheduled Debts of Individual Work-out Program) (December 31, 2021). Korea Deposit Insurance Corporation, Vol. 22, No. 2-4, Available at SSRN: https://ssrn.com/abstract=3995103 Donghun Ryu (Contact Author) Sogang University ( email ) Seoul 121-742Korea, Republic of (South Korea) Jungsoo Park Sogang University ( email ) 35 Baekbeom-roSeoul, 121-742 HOME PAGE: http://hompi.sogang.ac.kr/parkjs Joo-Ha Nam Sogang University ( email ) Department of EconomicsSeoul 121-742KOREA82-2 705-8118 (Phone) Download This Paper Open PDF in Browser Do you have a job opening that you would like to promote on SSRN? Place job opening Paper statistics Downloads 2 Abstract Views 5 PlumX Metrics Related eJournals Korea Deposit Insurance Corporation (KDIC) Research Paper Series Follow Korea Deposit Insurance Corporation (KDIC) Research Paper Series Subscribe to this free journal for more curated articles on this topic FOLLOWERS 7,176 PAPERS 149 This Journal is curated by: Jeongmin Hyun at Korea Deposit Insurance Corporation, Il-Hwan Cho at Korea Deposit Insurance Corporation Feedback Feedback to SSRN Feedback (required) Email (required) Submit If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday. Submit a Paper Section 508 Text Only Pages SSRN Quick Links SSRN Solutions Research Paper Series Conference Papers Partners in Publishing Jobs & Announcements Newsletter Sign Up SSRN Rankings Top Papers Top Authors Top Organizations About SSRN SSRN Objectives Network Directors Presidential Letter Announcements Contact us FAQs Copyright Terms and Conditions Privacy Policy We use cookies to help provide and enhance our service and tailor content. To learn more, visit Cookie Settings. This page was processed by aws-apollo5 in 0.195 seconds