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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]