1) 1)General Strain Theory (GST) . You should focus on its assumption to see if there is a way to explain individual and macro characteristics impact on default using GST (500 words)
2) 2)Social Impact Theory need to be further developed to see if there is a way to explain individual and macro characteristics impact on default using social impact theory (250 words)
3) 3)Institutional theory, it needs further developmentto see if there is a way to explain individual and macro characteristics impact on default using institutional theory (250 words)
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