Descriptive statistics of variables
| Count | Mean | Std. Dev | Min | Median | Max | |
|---|---|---|---|---|---|---|
| ZSCORE | 420 | 2.862 | 0.512 | −0.986 | 2.890 | 4.240 |
| LERNER | 420 | 0.137 | 0.109 | 0.000 | 0.121 | 1.609 |
| NIM | 420 | 0.032 | 0.013 | −0.019 | 0.030 | 0.094 |
| FS1 | 420 | 0.213 | 0.025 | 0.184 | 0.196 | 0.239 |
| FS2 | 420 | 0.101 | 0.006 | 0.093 | 0.101 | 0.113 |
| SIZE | 420 | 18.777 | 1.278 | 15.923 | 18.756 | 21.739 |
| ETA | 420 | 0.092 | 0.039 | 0.041 | 0.081 | 0.255 |
| LDR | 420 | 0.901 | 0.182 | 0.363 | 0.897 | 1.789 |
| CTI | 420 | 0.870 | 0.124 | 0.538 | 0.884 | 2.500 |
| LLP | 420 | 0.022 | 0.054 | 0.000 | 0.011 | 0.677 |
| NPL | 420 | 0.022 | 0.022 | −0.014 | 0.019 | 0.266 |
| GDP | 420 | 0.061 | 0.015 | 0.026 | 0.064 | 0.081 |
| INF | 420 | 0.069 | 0.107 | −0.017 | 0.036 | 0.423 |
| EWGI | 420 | −1.095 | 0.688 | −2.109 | −1.132 | −0.048 |
| Count | Mean | Std. Dev | Min | Median | Max | |
|---|---|---|---|---|---|---|
| ZSCORE | 420 | 2.862 | 0.512 | −0.986 | 2.890 | 4.240 |
| LERNER | 420 | 0.137 | 0.109 | 0.000 | 0.121 | 1.609 |
| NIM | 420 | 0.032 | 0.013 | −0.019 | 0.030 | 0.094 |
| FS1 | 420 | 0.213 | 0.025 | 0.184 | 0.196 | 0.239 |
| FS2 | 420 | 0.101 | 0.006 | 0.093 | 0.101 | 0.113 |
| SIZE | 420 | 18.777 | 1.278 | 15.923 | 18.756 | 21.739 |
| ETA | 420 | 0.092 | 0.039 | 0.041 | 0.081 | 0.255 |
| LDR | 420 | 0.901 | 0.182 | 0.363 | 0.897 | 1.789 |
| CTI | 420 | 0.870 | 0.124 | 0.538 | 0.884 | 2.500 |
| LLP | 420 | 0.022 | 0.054 | 0.000 | 0.011 | 0.677 |
| NPL | 420 | 0.022 | 0.022 | −0.014 | 0.019 | 0.266 |
| GDP | 420 | 0.061 | 0.015 | 0.026 | 0.064 | 0.081 |
| INF | 420 | 0.069 | 0.107 | −0.017 | 0.036 | 0.423 |
| EWGI | 420 | −1.095 | 0.688 | −2.109 | −1.132 | −0.048 |
Note(s): This table reports descriptive statistics for the main variables used in the analysis, including financial stability (ZSCORE, NPL), foreign bank presence (FS1, FS2), institutional quality (EWGI), and a set of bank-specific and macroeconomic control variables. All values are reported with three decimal places
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