Table 3 Matrix of correlations Variables...

Table 3

Matrix of correlations

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
(1) ROA	1.000
(2) DIG	−0.095	1.000
(3) COV	−0.096	0.353	1.000
(4) L.ROA	0.757	−0.178	−0.089	1.000
(5) CAP	0.645	−0.035	−0.009	0.569	1.000
(6) SIZ	−0.191	0.148	0.117	−0.192	−0.567	1.000
(7) AGE	−0.317	0.119	0.085	−0.310	−0.013	−0.211	1.000
(8) GDP	−0.013	0.321	0.002	−0.072	0.025	0.046	0.038	1.000
(9) MSP	−0.046	0.360	0.652	−0.020	0.032	0.098	0.079	0.055	1.000
(10) BSD	−0.014	0.510	−0.036	−0.032	0.015	0.063	0.056	0.003	0.174	1.000

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
(1) ROA	1.000
(2) DIG	−0.095	1.000
(3) COV	−0.096	0.353	1.000
(4) L.ROA	0.757	−0.178	−0.089	1.000
(5) CAP	0.645	−0.035	−0.009	0.569	1.000
(6) SIZ	−0.191	0.148	0.117	−0.192	−0.567	1.000
(7) AGE	−0.317	0.119	0.085	−0.310	−0.013	−0.211	1.000
(8) GDP	−0.013	0.321	0.002	−0.072	0.025	0.046	0.038	1.000
(9) MSP	−0.046	0.360	0.652	−0.020	0.032	0.098	0.079	0.055	1.000
(10) BSD	−0.014	0.510	−0.036	−0.032	0.015	0.063	0.056	0.003	0.174	1.000

Note(s): ROA: Return on Assets (ROA), DIG: Digital Banking, COV: COVID Criss Dummy, CAP: Capital Adequacy, SIZ: Bank Size, AGE: Bank Age, GDP: Real GDP, MSP: Money Supply, BSD: Banking Sector Development

Source(s): Author’s computation using Stata 16.1 2021

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