Table 8.

Robust Ordinary Least Squares (OLS) Regression Model (P2P Loan Amounts)

	(1)	(2)	(3)	(4)
	β/s.e	β/s.e	β/s.e	β/s.e
Weekly COVID-19 Cases			−0.0351**	−0.0361
			(0.0156)	(0.0291)
CARES Act				0.0173
				(0.4608)
P2P Loan Amountst-1	0.4734***	0.4721***	0.4469***	0.4470***
	(0.1124)	(0.1114)	(0.1143)	(0.1148)
P2P Loan Amounts t-2	0.3559***	0.3566***	0.3298***	0.3298***
	(0.1081)	(0.1068)	(0.1088)	(0.1091)
ECF Amount Raised t-1	0.0223	0.0164	0.0149	0.0148
	(0.0368)	(0.0357)	(0.0358)	(0.0363)
ECF Amount Raised t-2	− 0.0025	− 0.0039	− 0.0055	− 0.0055
	(0.0469)	(0.0468)	(0.0479)	(0.0480)
Net Consumer Loanst-1	0.0445	0.0464	0.0094	0.0096
	(0.0321)	(0.0332)	(0.0387)	(0.0386)
Net Consumer Loans t-2	0.0782**	0.0849**	0.0536	0.0540
	(0.0395)	(0.0414)	(0.0357)	(0.0369)
NASDAQ Returnst-1	− 0.0206	− 0.0230	− 0.0370	− 0.0376
	(0.0352)	(0.0355)	(0.0366)	(0.0486)
NASDAQ Returnst-2	0.0380	0.0364	0.0218	0.0214
	(0.0374)	(0.0391)	(0.0373)	(0.0443)
Constant	− 0.0051	0.0718	0.0993	0.1000
	(0.0412)	(0.0804)	(0.0803)	(0.0870)
Quarter Dummies	No	Yes	Yes	Yes
Observations	214	214	214	214
R-Squared	0.655	0.659	0.664	0.664

This table reports the results of the robust ordinary least squares regression with normalized P2P Loan Amounts as the dependent variable regressed on lags of the normalized independent variables

*p < 0.10, **p < 0.05, ***p < 0.01