Table 12 Endogeneity check
From: Fintech platforms: Lax or careful borrowers’ screening?
(1) | (2) | (3) | |
|---|---|---|---|
Verification process | 0.0352*** (0.00493) | 0.0554*** (0.00703) | 0.0554*** (0.00703) |
Rating grade | 0.178*** (0.00541) | 0.198*** (0.00783) | 0.198*** (0.00783) |
Term | 0.485*** (0.00526) | 0.545*** (0.00754) | 0.545*** (0.00754) |
Interest rate | 6.503*** (0.144) | 4.642*** (0.205) | 4.642*** (0.205) |
Revolving utilisation | − 0.111*** (0.0139) | − 0.111*** (0.0139) | |
Months since last delinquent | − 0.00138*** (0.000146) | − 0.00138*** (0.000146) | |
Total account | 0.000630** (0.000294) | 0.000630** (0.000294) | |
Debt to income ratio (DTI) | 0.0163*** (0.000400) | 0.0163*** (0.000400) | |
Mortgage account | − 0.109*** (0.00184) | − 0.109*** (0.00184) | |
ln(annual income) | − 0.238*** (0.00453) | ||
Constant | − 0.859*** (0.0504) | − 3.389*** (0.0170) | − 3.389*** (0.0170) |
Observations | 1,366,684 | 668,633 | 668,633 |