Skip to main content
Financial Innovation

Table 4 Correlation matrix

From: COVID-19 pandemic risk and probability of loan default: evidence from marketplace lending market

 

DEFAULT

PANDEM_DUM

DAILY_CASES

DAILY_DEATHS

MARKET_VOL

ESI

AAR

DEFAULT

1.0000

      

PANDEM_DUM

− 0.0568***

1.0000

     

DAILY_CASES

0.0778***

0.3653***

1.0000

    

DAILY_DEATHS

0.0316***

0.2215***

0.7354***

1.0000

   

MARKET_VOL

0.0004

0.0029**

0.0020

0.0001

1.0000

  

ESI

0.1338***

− 0.7298***

− 0.0904***

− 0.0840***

− 0.0023*

1.0000

 

AAR

− 0.1629***

0.0364***

− 0.0790***

− 0.0119***

0.0010

− 0.1446***

1.0000

UNEMPL

0.0693***

0.1737***

0.3331***

0.2464***

0.0001

0.0558***

− 0.6595***

EXT_SCHED

0.0785***

0.1466***

0.0780***

0.0441***

0.0000

− 0.0789***

0.0402***

INTEREST

− 0.0847***

0.3431***

0.0114***

− 0.0212***

0.0018

− 0.3521***

0.2854***

LOANTERM

− 0.0389***

− 0.0543***

− 0.0976***

− 0.0664***

− 0.0007

0.0666***

0.1725***

AMOUNT

0.0413***

− 0.0376***

− 0.0651***

− 0.0459***

− 0.0007

− 0.0228***

0.1177***

RATING

− 0.0782***

− 0.1221***

− 0.0799***

− 0.0582***

0.0017

− 0.0301***

0.2552***

LOANTYPE

0.0378***

− 0.0116***

0.1075***

0.0722***

− 0.0000

− 0.0827***

− 0.1373***

 

UNEMPL

EXT_SCHED

INTEREST

TERM

AMOUNT

RATING

LOANTYPE

UNEMPL

1.0000

      

EXT_SCHED

0.0910***

1.0000

     

INTEREST

− 0.2974***

0.4133***

1.0000

    

LOANTERM

− 0.2311***

− 0.3037***

− 0.0342***

1.0000

   

AMOUNT

− 0.1922***

− 0.0624***

− 0.0032**

0.0754***

1.0000

  

RATING

− 0.3178***

0.3536***

0.5418***

− 0.2778***

0.0592***

1.0000

 

LOANTYPE

0.0561***

0.1656***

0.3395***

− 0.2680***

0.0093***

0.5444***

1.0000

  1. Table reports Pearson correlations. High correlations are in boldface. ***, **, and * represent statistical significance at the 1%, 5% and 10% levels, respectively (for two-tailed p values)
Back to article page