Table 3 Models estimates: univariate...

Table 3

Models estimates: univariate analysis

Variables	Observations	Fully fundend (mean)	Not fully funded (mean)	Difference test (fully funded vs not fully funded)
Z-Score	523	2.90	−1.30	−4.21***
IR	523	0.055	0.047	−0.007**
MAT	523	25.13	24.15	−0.98
HUCAP	523	20.02	10.56	−9.46***
SOCCAP	523	34.34	33.12	−1.22
INTCAP	523	0.42	0.43	0.015
EBIT/tot assets	523	0.035	−0.040	−0.07**
WoCap/tot asset	523	0.17	0.19	0.02
AGE	523	21.80	21.43	−0.37
NACE	523	6,099	5,621	−478
tLIAB	523	278.85	256.06	−22.78
SIZE	523	2.02	1.78	−0.23**
EARNING/tot asset	523	−0.02	−0.11	−0.08**
GEOG	523	3.32	3.22	−0.10
SAVINGS	523	17.54	17.28	0.25
REDEXP	523	1.76	1.83	0.07

Variables	Observations	Fully fundend (mean)	Not fully funded (mean)	Difference test (fully funded vs not fully funded)
Z-Score	523	2.90	−1.30	−4.21***
IR	523	0.055	0.047	−0.007**
MAT	523	25.13	24.15	−0.98
HUCAP	523	20.02	10.56	−9.46***
SOCCAP	523	34.34	33.12	−1.22
INTCAP	523	0.42	0.43	0.015
EBIT/tot assets	523	0.035	−0.040	−0.07**
WoCap/tot asset	523	0.17	0.19	0.02
AGE	523	21.80	21.43	−0.37
NACE	523	6,099	5,621	−478
tLIAB	523	278.85	256.06	−22.78
SIZE	523	2.02	1.78	−0.23**
EARNING/tot asset	523	−0.02	−0.11	−0.08**
GEOG	523	3.32	3.22	−0.10
SAVINGS	523	17.54	17.28	0.25
REDEXP	523	1.76	1.83	0.07

Note(s): This table displays a comparison of mean test results between two groups: fully funded projects (consisting of 443 projects) and partially or non-fully funded projects (comprising 80 projects). Our sample encompasses a total of 523 P2P lending projects. For our univariate test, we include all projects that provide essential information and offering documents in this analysis. Statistical significance levels are denoted by ***, **, and *, indicating significance at the 1%, 5%, and 10% thresholds, respectively

Source(s): Author’s own work

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