From: Default or profit scoring credit systems? Evidence from European and US peer-to-peer lending markets
Unit | Training dataset (8000 loans) | Testing dataset (2000 loans) | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Mean | Median | SD | Min | Max | Mean | Median | SD | Min | Max | ||
Panel A: bondora dataset | |||||||||||
Good (non-defaulted) loans | Annualized % | 27.06 | 27.66 | 7.49 | -1.02 | 105.7 | 27.01 | 27.93 | 7.47 | 1.47 | 76.8 |
Defaulted loans | Annualized % | − 43.98 | − 39.52 | 42.71 | − 100 | 59.56 | − 46.55 | − 41.59 | 43.42 | − 100 | 30.76 |
# Defaulted loans | # 1803 loans (22.5%) | # 486 (24.3%) | |||||||||
Panel B: lending club dataset | |||||||||||
Good (non-defaulted) loans | Annualized % | 13.08 | 12.25 | 4.31 | 4.68 | 42.68 | 13.23 | 12.39 | 4.54 | 4.92 | 37.65 |
Defaulted loans | Annualized % | − 39.75 | − 36.31 | 32.38 | − 99.52 | 21.41 | − 34.78 | − 28.48 | 31.4 | − 99.3 | 13.41 |
# Defaulted loans | # 1577 loans (19.7%) | # 389 (19.5%) |