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Table 1 Descriptive statistics of loan performance measures: modified internal rates of return

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%)

    
  1. SD, Min, and Max standard deviation, minimum, and maximum of modified internal rates of return