Table 2 Summary statistics of voluntary disclosures
From: Voluntary disclosures and peer-to-peer lending decisions: Evidence from the repeated game
Panel A Frequency | |||||||
Stwords | Cosumption | Operation | Income | Taobao | Credibility | Stability | |
Frequency | 49.60% | 25.18% | 25.65% | 25.14% | 5.11% | 18.79% | 39.81% |
Family | Quality | Enterprise | Morality | ||||
Frequency | 7.85% | 24.03% | 36.51% | 8.19% | |||
Panel B Correlation | |||||||
Stwords | Consumption | Operation | Income | Taobao | Credibility | Stability | |
Stdwords | 1 | ||||||
Consumption | 0.146*** | 1 | |||||
Operate | 0.232*** | −0.232*** | 1 | ||||
Income | 0.392*** | 0.202*** | 0.030* | 1 | |||
Taobao | 0.115*** | − 0.097*** | 0.322*** | − 0.040** | 1 | ||
Credibility | 0.092*** | 0.005 | 0.040** | −0.006 | 0.039** | 1 | |
Stability | 0.398*** | 0.126*** | 0.058*** | 0.494*** | 0.031** | 0.052*** | 1 |
Family | 0.164*** | 0.190*** | −0.043*** | 0.154*** | −0.055*** | − 0.02 | 0.101*** |
Quality | 0.143*** | 0.602*** | −0.184*** | 0.135*** | −0.097*** | −0.004 | 0.085*** |
Enterprise | 0.278*** | −0.172*** | 0.622*** | 0.082*** | 0.268*** | 0.065*** | 0.138*** |
Morality | 0.004 | − 0.022 | −0.035** | − 0.042*** | −0.028* | 0.01 | –0.069*** |
Panel B Correlation(con’t) | |||||||
Family | Quality | Enterprise | Morality | ||||
Family | 1 | ||||||
Quality | 0.146*** | 1 | |||||
Enterprise | − 0.069*** | −0.240*** | 1 | ||||
Morality | 0.029* | 0.007 | −0.067*** | 1 | |||