Table 3 Descriptive statistics
From: COVID-19 pandemic risk and probability of loan default: evidence from marketplace lending market
Pre-pandemic | Post-pandemic | Two-sample t-test | ||||||
|---|---|---|---|---|---|---|---|---|
N | Mean | St. dev. | N | Mean | St. dev. | Mean diff. | t-stat | |
DEFAULT | 538,656 | 0.110 | 0.312 | 276,230 | 0.074 | 0.262 | 0.036*** | (51.33) |
PANDEM_DUM | 538,656 | 0.000 | 0.000 | 276,230 | 1.000 | 0.000 | N/A | N/A |
DAILY_CASES | 226,980 | 0.598 | 2.121 | 276,187 | 24.348 | 40.597 | − 23.750*** | (− 278.40) |
DAILY_DEATHS | 226,980 | 0.005 | 0.044 | 276,187 | 2.053 | 6.059 | − 2.049*** | (− 161.09) |
MARKET_VOL | 538,656 | − 0.003 | 0.631 | 276,230 | 0.003 | 1.293 | − 0.005** | (− 2.59) |
ESI | 538,656 | 99.854 | 2.800 | 276,230 | 75.675 | 17.997 | 24.180*** | (963.56) |
AAR | 538,656 | 13.066 | 3.284 | 276,230 | 13.289 | 1.960 | − 0.223*** | (− 32.84) |
UNEMPL | 538,656 | 6.772 | 4.128 | 276,230 | 8.426 | 4.987 | − 1.653*** | (− 159.19) |
EXT_SCHED | 538,656 | 0.613 | 0.487 | 276,230 | 0.760 | 0.427 | − 0.146*** | (− 133.74) |
INTEREST | 538,656 | 11.607 | 2.853 | 276,230 | 13.931 | 3.301 | − 2.324*** | (− 329.71) |
LOAN_TERM | 538,656 | 6.774 | 15.553 | 276,230 | 5.086 | 12.864 | 1.688*** | (49.09) |
AMOUNT | 538,656 | 632.093 | 1134.417 | 276,230 | 546.145 | 968.904 | 85.950*** | (33.97) |
COLLATERAL | 538,656 | 1.092 | 0.289 | 276,230 | 1.111 | 0.314 | − 0.019*** | (− 27.43) |