The long-run relationship between the variables
| Independent variable Dependent variable | Banking stability indicator (BSI) | Banking profitability indicator (BPI) | ||||||
|---|---|---|---|---|---|---|---|---|
| ZSC | CRE | LIQ | ROE | ROA | NIM | PROFIT | ||
| GRW | −0.111** | – | – | 0.068*** | – | – | – | |
| GRW | −0.170*** | – | – | – | 1.029*** | – | – | |
| GRW | −0.188*** | – | – | – | – | 0.650*** | – | |
| GRW | −0.144*** | – | – | – | – | – | 1.586*** | |
| GRW | – | −0.002 | – | 0.0182 | – | – | – | |
| GRW | – | −0.001 | – | – | 0.387*** | – | – | |
| GRW | – | −0.001 | – | – | – | −0.130 | – | |
| GRW | – | −0.002 | – | – | – | – | 1.088*** | |
| GRW | – | – | 0.035** | 0.043*** | – | – | – | |
| GRW | – | – | 0.052*** | – | 0.491*** | – | – | |
| GRW | – | – | 0.059*** | – | – | −0.476*** | – | |
| GRW | – | – | 0.032** | – | – | – | 1.146*** | |
| Independent variable Dependent variable | Banking stability indicator (BSI) | Banking profitability indicator (BPI) | ||||||
|---|---|---|---|---|---|---|---|---|
| ZSC | CRE | LIQ | ROE | ROA | NIM | PROFIT | ||
| GRW | −0.111** | – | – | 0.068*** | – | – | – | |
| GRW | −0.170*** | – | – | – | 1.029*** | – | – | |
| GRW | −0.188*** | – | – | – | – | 0.650*** | – | |
| GRW | −0.144*** | – | – | – | – | – | 1.586*** | |
| GRW | – | −0.002 | – | 0.0182 | – | – | – | |
| GRW | – | −0.001 | – | – | 0.387*** | – | – | |
| GRW | – | −0.001 | – | – | – | −0.130 | – | |
| GRW | – | −0.002 | – | – | – | – | 1.088*** | |
| GRW | – | – | 0.035** | 0.043*** | – | – | – | |
| GRW | – | – | 0.052*** | – | 0.491*** | – | – | |
| GRW | – | – | 0.059*** | – | – | −0.476*** | – | |
| GRW | – | – | 0.032** | – | – | – | 1.146*** | |
Note(s): ***, **, * corresponding to 1%, 5 and 10% significance levels respectively
Source(s): Author's calculation