Incentive and Coordination in the Two-Sided Market: Evidence from the P2P Lending Market

Table 12

The regression result of DID.

Variables	Borrower	Lender
	0.669	0.731
	(3.85)	(2.63)
	0.697	−0.243
	(1.83)	(−1.06)
	0.540	0.086
	(4.52)	(0.380)
	Y	Y
C	−9.311	7.131
N	(−8.10)	(3.02)
	0.461	0.350

Note. The table provides estimation results from a regression in which the dependent variable is the number of borrowers and investors. is the cross-term of the time and coupon. is a dummy variable equal to one if the time is 2018 year, otherwise 0. is a dummy variable equal to one if platform adopts the coupon. is a vector of control variables that include the control variables in regressions (I) and (II). statistics are given in parentheses. <0.01, <0.05, and <0.1.