From: Voluntary disclosures and peer-to-peer lending decisions: Evidence from the repeated game
Variable | Description |
---|---|
Full | Whether the loan listing is funded or not. It takes a value of 1 when the loan listing is funded, 0 otherwise. |
Bidnumber | Bid activity. It is measured by using the number of bids after standardization by the amount of the loan listing. |
Score | Voluntary disclosures. It is the sum of 0–1 indicators for the voluntary information disclosure. |
ScoreObj | Objective information disclosed voluntarily. It is the sum of 0–1 indicators for the objective voluntary information disclosure. |
ScoreSub | Subjective information disclosed voluntarily. It is the sum of 0–1 indicators for the subjective voluntary information disclosure. |
Ltimes | Borrowing experience dummy. It takes a value of 1 when the borrower has never issued the loan listing on the ppdai platform, 0 otherwise. |
Lsuccess | Successful borrowing experience dummy. It takes a value of 1 when the borrower has never successfully gotten a loan on the ppdai platform, 0 otherwise. |
Times | Borrowing experience. It is the times of borrowing. |
Success | Successful borrowing experience. It is the times of the borrower’s loan listing to be funded. |
Lnamount | Loan amount. It is the natural logarithm of the amount of the loan listing. |
Months | Loan term. The loan term is 3–12 months on ppdai platform. |
Interest | Interest rate at which a loan listed is funded. It is annualized. |
Bgrade | Borrower’s credit rating. It takes a value of 1 when the borrower’s credit rating is HR, two when the borrower’s credit rating is E, three when the borrower’s credit rating is D, four when the borrower’s credit rating is C, five when the borrower’s credit rating is B, six when the borrower’s credit rating is A. This credit rating is judged by the ppdai platform according to many factors including identification data, borrowing history and platform activity, and so on. |
Idnumber | Number of authentication, including the identity authentication, mobile phone real-name authentication and video authentication. The borrower must provide at least one authentication and at most three authentications. |
Guarantee | An indicator variable that takes the value of 1 when the loan listing has a guarantee attribution, 0 otherwise. |
Gender | An indicator variable that takes the value of 1 when the borrower is male, 0 otherwise. |
Age | The borrower’s age. It takes a value of 1 when age ranges from 20 to 25, 2 when age ranges from 26 to 31, 3 when ranges from 32 to 38, 4 when age is above 39. |
Worker | Salaried dummy. It takes a value of 1 when the occupation of the borrower is salaried, 0 otherwise. |
Seller | Seller dummy. It takes a value of 1 when the occupation of the borrower is an online seller, 0 otherwise. |
Boss | Boss dummy. It takes a value of 1 when the occupation of the borrower is the boss of a private company, 0 otherwise. |
Student | Student dummy. It takes a value of 1 when the borrower is a student, 0 otherwise. |
Reputation | The times of repayments on time. |
Delinquency | An indicator variable that equals 1 when the loan is 90 days past due, 0 otherwise. |