Discrete Dynamics in Nature and Society

Research Article

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

Table 5

Descriptive statistics of participation number.


Panel A. Descriptive statistic of the annual number of investors
Year	Obs. (Times)	Max	Min	Mean	Median
2017	475840 (28860637)	18337750	50	45823	10300
2018	589791 (27328645)	23735150	50	51191	11200
2019	439806 (51176179)	16047650	50	52553	12050

Panel B. Descriptive statistics of borrowers
Interest₁₇	272107 (274269)	11.76	8	9.82	10.2
Month₁₇	272107 (274269)	48	3	32.13	36
Amount₁₇	272107 (274269)	376000	1000	79501	73700
Interest₁₈	394618 (409593)	10.2	9	9.75	9.6
Month₁₈	394618 (409593)	48	12	31.01	36
Amount₁₈	394618 (409593)	197500	5000	73712	63600
Interest₁₉	1680165 (3139456)	10.8	9.6	10.21	10.2
Month₁₉	1680165 (3139456)	36	3	9.66	9
Amount₁₉	1680165 (3139456)	200000	300	7362	2100

Panel A is descriptive statistics of the number of investors every year, the Obs. is the number of investors, and the Times is the number of bids times. Panel B is descriptive statistics of borrowers including listings’ information, the Obs. is the number of borrowers, and the Times is the loan times. Interest_17,18,19 is the interest rate in 2017, 2018, and 2019 year, respectively. Month_17,18,19 is the loan term in 2017, 2018, and 2019 year, respectively. Amount_17,18,19 is the borrowing amount in 2017, 2018, and 2019 year, respectively.