Fintech platforms: Lax or careful borrowers’ screening?

Financial Innovation

Table 3 Summary statistics of misreporting variables

Variables	Obs	Mean	SD	Min	Max	p25	p50	p75
Prudence grade	1,959,405	1.182	0.485	1	3	1	1	1
Income divisible by 5000	1,959,332	0.296	0.457	0	1	0	0	1
Income divisible by 10,000	1,959,332	0.497	0.5	0	1	0	0	1
Loan amount divisible by 5000	1,959,405	0.337	0.473	0	1	0	0	1
Loan amount divisible by 10,000	1,959,405	0.179	0.383	0	1	0	0	0
Length of title	1,959,440	2.148	0.691	0	18	2	2	2
Suspect employment length	1,959,440	0.403	0.491	0	1	0	0	1

This table provides summary statistics on the variables used for the empirical analysis of the LendingClub' Prudence grade. The data covers all the transactions between June 2007 and September 2018. Mean, Standard deviations, key percentiles and minimum and maximum values are displayed