Table 12

Robust tests for the banking sector

VariablesHaz. ratioVariablesHaz. ratio
M3G0.9840M3G0.9737
(0.0128) (0.1173)
NFAG1.7852**NFAG1.1271*
(0.2151) (0.0549)
LIG0.9116LIG0.9927
(0.0055) (0.0074)
BLRG0.9987***BLRG1.0013**
(0.0025) (0.0004)
DIG0.9992DIG0.9929**
(0.0030) (0.0040)

Note(s): *p-value <0.05, **p-value <0.01, ***p-value <0.001

Source(s): Authors’ computations

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