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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
  1. This table reports the results of logistic regression. The dependent variable is the probability of default in all columns. Standard errors in parentheses
  2. *, ** and *** denote 1%, 5% and 10% levels of significant, respectively