Table 9.

Robust Ordinary Least Squares (OLS) Regression Model (Net Consumer Loans)

	(1)	(2)	(3)	(4)
	β/s.e	β/s.e	β/s.e	β/s.e
Weekly COVID-19 Cases			−0.1661***	−0.2003**
			(0.0343)	(0.0772)
CARES Act				0.5791
				(1.0634)
Net Consumer Loanst-1	0.2936**	0.2894**	0.1203	0.1258
	(0.1179)	(0.1178)	(0.0804)	(0.0839)
Net Consumer Loanst-2	0.3580***	0.3505***	0.2272***	0.2417***
	(0.0905)	(0.0884)	(0.0626)	(0.0700)
ECF Amount Raisedt-1	0.0197	0.0245	0.0940	0.0903
	(0.0592)	(0.0620)	(0.0611)	(0.0611)
ECF Amount Raisedt-2	0.0342	0.0355	0.1345**	0.1337**
	(0.0571)	(0.0580)	(0.0653)	(0.0653)
P2P Loan Amountst-1	0.2082**	0.2106**	0.1161	0.1190
	(0.0890)	(0.0890)	(0.0794)	(0.0799)
P2P Loan Amountst-2	− 0.1617**	− 0.1581**	− 0.2723***	− 0.2722***
	(0.0713)	(0.0772)	(0.0791)	(0.0796)
NASDAQ Returnst-1	− 0.0548	− 0.0508	− 0.1258	− 0.1482**
	(0.1073)	(0.1080)	(0.0825)	(0.0698)
NASDAQ Returnst-2	0.0612	0.0619	−0.0055	−0.0184
	(0.1192)	(0.1200)	(0.0982)	(0.0987)
Constant	0.0024	− 0.0192	0.1301	0.1536*
	(0.0571)	(0.0945)	(0.0818)	(0.0793)
Quarter Dummies	No	Yes	Yes	Yes
Observations	214	214	214	214
R-Squared	0.334	0.337	0.440	0.442

This table reports the results of the robust ordinary least squares regression with normalized Net Consumer Loans as the dependent variable regressed on lags of the normalized independent variables

*p < 0.10, **p < 0.05, ***p < 0.01