Table A1 Matrix of correlations... | Emerald Publishing

Table A1

Matrix of correlations

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)
(1) Crisis	1.000
(2) Liquidity	0.049	1.000
(3) Log(assets)	0.095	0.209	1.000
(4) Tax ratio	0.078	−0.053	0.099	1.000
(5) Overhead	0.090	0.165	0.024	0.268	1.000
(6) Profitability	0.056	0.021	0.101	0.504	0.264	1.000
(7) Loan ratio	−0.063	−0.527	0.213	0.037	−0.157	−0.074	1.000
(8) Policy rate	0.031	0.105	0.059	−0.068	−0.147	−0.172	0.135	1.000
(9) log(OMO injections)	−0.050	−0.017	0.002	0.115	0.127	0.068	−0.042	−0.213	1.000
(10) HHI	−0.212	−0.089	−0.079	0.102	0.250	0.190	−0.089	−0.586	0.198	1.000
(11) Leverage	0.045	0.189	0.138	−0.091	0.044	−0.211	0.072	0.102	0.016	−0.077	1.000

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)
(1) Crisis	1.000
(2) Liquidity	0.049	1.000
(3) Log(assets)	0.095	0.209	1.000
(4) Tax ratio	0.078	−0.053	0.099	1.000
(5) Overhead	0.090	0.165	0.024	0.268	1.000
(6) Profitability	0.056	0.021	0.101	0.504	0.264	1.000
(7) Loan ratio	−0.063	−0.527	0.213	0.037	−0.157	−0.074	1.000
(8) Policy rate	0.031	0.105	0.059	−0.068	−0.147	−0.172	0.135	1.000
(9) log(OMO injections)	−0.050	−0.017	0.002	0.115	0.127	0.068	−0.042	−0.213	1.000
(10) HHI	−0.212	−0.089	−0.079	0.102	0.250	0.190	−0.089	−0.586	0.198	1.000
(11) Leverage	0.045	0.189	0.138	−0.091	0.044	−0.211	0.072	0.102	0.016	−0.077	1.000

Note(s): Breusch–Pagan/Cook–Weisberg test for heteroskedasticity: Ho: constant variance; variables: fitted values of Y; chi²(1) = 4.34; Prob > χ² = 0.0371