Spearman correlation matrix
| BODSIZE | BODIND | BODGEN | BSIZE | CRL5 | GDPpcg | |
|---|---|---|---|---|---|---|
| BODSIZE | 1.0000 | |||||
| BODIND | 0.2544*** | 1.0000 | ||||
| BODGEN | 0.2953*** | 0.2143*** | 1.0000 | |||
| BSIZE | −0.0435* | −0.0552** | 0.1083*** | 1.0000 | ||
| CRL5 | 0.1273*** | −0.0059 | 0.0520** | 0.1460*** | 1.0000 | |
| GDPpcg | 0.0292 | 0.1092*** | 0.0342 | −0.1685*** | −0.1613*** | 1.0000 |
| GDPpcg | ||||||
|---|---|---|---|---|---|---|
| 1.0000 | ||||||
| 0.2544*** | 1.0000 | |||||
| 0.2953*** | 0.2143*** | 1.0000 | ||||
| −0.0435* | −0.0552** | 0.1083*** | 1.0000 | |||
| 0.1273*** | −0.0059 | 0.0520** | 0.1460*** | 1.0000 | ||
| GDPpcg | 0.0292 | 0.1092*** | 0.0342 | −0.1685*** | −0.1613*** | 1.0000 |
Note(s): ***, ** and * denote significance at 1, 5 and 10%, respectively
BODSIZE is the board size; BODIND is board independence; BODGEN is board gender diversity; BSIZE is bank size; CRL5 is 5 bank loan concentration ratio; GDPpcg is gross domestic product per capita growth rate
Source(s): Bank Scope and authors' computations, 2019