Table 3 Descriptive statistics Variables... | Emerald Publishing

Table 3

Descriptive statistics

Variables	N	Mean	Standard deviation	Minimum	Maximum
Dependent variable
ROA	318	0.012	0.006	0.001	0.024
Independent variable
VAIC	318	4.382	1.270	2.559	7.366
Components of VAIC
CEE	318	0.041	0.011	0.018	0.061
HCE	318	3.643	1.179	2.034	6.472
SCE	318	0.698	0.089	0.508	0.845
Bank-specific control variables
CAR	318	0.117	0.015	0.090	0.149
BS	318	11.793	0.720	10.557	13.247
NPLTL	318	0.056	0.045	0.016	0.199
CINEFF	318	0.732	0.072	0.596	0.878
IDIV	318	0.275	0.086	0.119	0.448
LEV	318	0.919	0.019	0.879	0.954
Macroeconomic control variables
GDP	318	6.248	0.619	5.000	7.100
INF	318	6.989	0.801	5.700	8.200

Variables	N	Mean	Standard deviation	Minimum	Maximum
Dependent variable
ROA	318	0.012	0.006	0.001	0.024
Independent variable
VAIC	318	4.382	1.270	2.559	7.366
Components of VAIC
CEE	318	0.041	0.011	0.018	0.061
HCE	318	3.643	1.179	2.034	6.472
SCE	318	0.698	0.089	0.508	0.845
Bank-specific control variables
CAR	318	0.117	0.015	0.090	0.149
BS	318	11.793	0.720	10.557	13.247
NPLTL	318	0.056	0.045	0.016	0.199
CINEFF	318	0.732	0.072	0.596	0.878
IDIV	318	0.275	0.086	0.119	0.448
LEV	318	0.919	0.019	0.879	0.954
Macroeconomic control variables
GDP	318	6.248	0.619	5.000	7.100
INF	318	6.989	0.801	5.700	8.200

Note(s): All variables are winsorised at the 5% level

Source(s): Table created by authors