Voluntary disclosures and peer-to-peer lending decisions: Evidence from the repeated game

Frontiers of Business Research in China

Table 13 Baseline regressions with alternative measures of the repeated game

	Borrowing experience		Successful borrowing experience
	(1)	(2)	(3)	(4)
Times×Score	0.014**	0.014**
Times×Score	(0.006)	(0.006)
Times	0.032	0.033
Times	(0.024)	(0.024)
Success×Score			0.016**	0.016**
Success×Score			(0.006)	(0.006)
Success			0.027**	0.028**
Success			(0.013)	(0.013)
Score	0.008*	0.008*	0.009**	0.010***
Score	(0.004)	(0.005)	(0.004)	(0.004)
Student	0.028	0.031	0.035	0.038
Student	(0.038)	(0.038)	(0.036)	(0.036)
Controls	Yes	Yes	Yes	Yes
Year	No	Yes	No	Yes
N	3935	3935	3935	3935
Pseudo R²	0.296	0.297	0.307	0.308

Notes. Robust standard errors are reported in parentheses. *, **, *** represents statistical significance at the 10%, 5% and 1% confidence levels, respectively