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Financial Innovation

Table 6 Descriptive statistics of RR and LGD

From: Fintech platforms: Lax or careful borrowers’ screening?

Variable of interest

Number sample

Mean value

Median value

Standard deviation

Minimum value

Maximum value

Loss given default

291,664

0.902

0.867

0.109

0

1

Recovery rate

291,664

0.098

0.089

0.109

0

1

  1. Notes: In this table, the chief summary statistics of RR and LGD are listed. Following literature in mortgage loans, the RR and LGD have truncated within the interval [0, 1]
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