[Retracted] How Does the Urgency of Borrowing in Text Messages Affect Loan Defaults? Evidence from P2P Loans in China

Table 9

Indicators of related variables.

Var	The variable name		Symbol	Instruction
The dependent variable	The default state		Default	Default = 1, nondefault = 0
Text var	Text feature	Length	Length	Length of Chinese characters
	Content	Purpose	Purp	1: Short-term turnover, 2: investment and entrepreneurship, 3: decoration loan, 4: car purchase loan, and 5: other
		Ability	Ability	Have indicated repayment ability to repay 1; have not 0
		Willing	Willingness	1 if there is a willingness to repay, 0 if not
	Sentiment	Urgency	Urgency	Urgency score
Control var	Amount (yuan)		Amount	The actual value
	Loan interest		Interest	The actual value
	Loan term		Month	The actual value
	Credit grade		Grade	7: AA, 6: A, 5: B, 4: C, 3: D, 2: E, and 1: HR.
	Age		Age	The actual value
	Education		Edu	1: high school or below, 2: junior college, 3: undergraduate, and 4: graduate or above
	Sex		Sex	1: male and 0: female
	Income		Income (CNY)	1: [0, 2,000), 2: [2,000–5,000), 3: [5,000–20,000), 4: [20,000–50,000), and 5: [50,000–50,000+)