Table 1 Summary statistics of individual...

Table 1

Summary statistics of individual bank returns

Bank	Mean	Max	Min	Std. dev	Skew-ness	Kurtosis	J-B	N
1	0.18	1.09	−0.89	0.42	−0.79	4.36	0.04	37
2	0.17	0.97	−0.88	0.40	−0.84	4.54	0.02	37
3	0.39	6.66	−0.95	1.18	4.15	23.23	0.00	37
5	0.27	8.35	−2.81	1.51	4.03	23.87	0.00	37
7	0.30	3.77	−0.98	0.75	2.46	13.56	0.00	37
8	0.26	2.91	−0.93	0.65	1.67	9.29	0.00	37
9	0.22	1.31	−0.91	0.46	−0.50	4.71	0.05	37
11	0.16	1.15	−0.84	0.39	−0.86	5.23	0.00	37
13	0.20	1.13	−0.91	0.42	−0.93	5.17	0.00	37
14	0.17	2.22	−0.90	0.56	0.88	6.40	0.00	37
16	0.20	1.17	−0.92	0.44	−0.67	4.64	0.03	37
18	0.23	1.14	−0.93	0.44	−0.95	4.78	0.01	37
20	0.30	1.97	−0.96	0.58	0.26	4.33	0.21	37
21	0.42	10.02	−2.94	2.11	2.97	13.76	0.00	37
22	0.17	0.82	−0.89	0.38	−1.33	5.40	0.00	37
23	0.30	1.93	−0.96	0.61	0.51	4.56	0.07	37
24	0.29	3.49	−1.74	1.03	1.09	5.80	0.00	37
26	0.20	1.34	−0.94	0.43	−0.77	5.45	0.00	37
27	0.91	41.18	−17.72	8.19	3.20	18.07	0.00	37
28	0.14	18.38	−25.39	5.46	−1.73	17.30	0.00	37
29	0.23	1.37	−0.92	0.50	−0.05	3.78	0.62	37

Bank	Mean	Max	Min	Std. dev	Skew-ness	Kurtosis	J-B	N
1	0.18	1.09	−0.89	0.42	−0.79	4.36	0.04	37
2	0.17	0.97	−0.88	0.40	−0.84	4.54	0.02	37
3	0.39	6.66	−0.95	1.18	4.15	23.23	0.00	37
5	0.27	8.35	−2.81	1.51	4.03	23.87	0.00	37
7	0.30	3.77	−0.98	0.75	2.46	13.56	0.00	37
8	0.26	2.91	−0.93	0.65	1.67	9.29	0.00	37
9	0.22	1.31	−0.91	0.46	−0.50	4.71	0.05	37
11	0.16	1.15	−0.84	0.39	−0.86	5.23	0.00	37
13	0.20	1.13	−0.91	0.42	−0.93	5.17	0.00	37
14	0.17	2.22	−0.90	0.56	0.88	6.40	0.00	37
16	0.20	1.17	−0.92	0.44	−0.67	4.64	0.03	37
18	0.23	1.14	−0.93	0.44	−0.95	4.78	0.01	37
20	0.30	1.97	−0.96	0.58	0.26	4.33	0.21	37
21	0.42	10.02	−2.94	2.11	2.97	13.76	0.00	37
22	0.17	0.82	−0.89	0.38	−1.33	5.40	0.00	37
23	0.30	1.93	−0.96	0.61	0.51	4.56	0.07	37
24	0.29	3.49	−1.74	1.03	1.09	5.80	0.00	37
26	0.20	1.34	−0.94	0.43	−0.77	5.45	0.00	37
27	0.91	41.18	−17.72	8.19	3.20	18.07	0.00	37
28	0.14	18.38	−25.39	5.46	−1.73	17.30	0.00	37
29	0.23	1.37	−0.92	0.50	−0.05	3.78	0.62	37

Note(s): The p-values for J-B (Jarque–Bera) and ADFs (augmented Dickey–Fuller statistics) are reported

Source(s): Authors’ calculation

Sharing Unavailable