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Table 2 Summary statistics of voluntary disclosures

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

Panel A Frequency
 StwordsCosumptionOperationIncomeTaobaoCredibilityStability
Frequency49.60%25.18%25.65%25.14%5.11%18.79%39.81%
 FamilyQualityEnterpriseMorality   
Frequency7.85%24.03%36.51%8.19%   
Panel B Correlation
 StwordsConsumptionOperationIncomeTaobaoCredibilityStability
Stdwords1      
Consumption0.146***1     
Operate0.232***−0.232***1    
Income0.392***0.202***0.030*1   
Taobao0.115***− 0.097***0.322***− 0.040**1  
Credibility0.092***0.0050.040**−0.0060.039**1 
Stability0.398***0.126***0.058***0.494***0.031**0.052***1
Family0.164***0.190***−0.043***0.154***−0.055***− 0.020.101***
Quality0.143***0.602***−0.184***0.135***−0.097***−0.0040.085***
Enterprise0.278***−0.172***0.622***0.082***0.268***0.065***0.138***
Morality0.004− 0.022−0.035**− 0.042***−0.028*0.01–0.069***
Panel B Correlation(con’t)
 FamilyQualityEnterpriseMorality   
Family1      
Quality0.146***1     
Enterprise− 0.069***−0.240***1    
Morality0.029*0.007−0.067***1   
  1. Notes. Panel A presents the frequency of the indicators of voluntary disclosures. Panel B presents the correlation matrix of the indicators of voluntary disclosures. *, **, *** represents 10%, 5% and 1% confidence levels, respectively