Table 5 Regression analysis Variables...

Table 5

Regression analysis

Variables	Coefficient	Standard error	Beta t values	p value
SHI (%)	−0.416	0.057	−5.430	0.000***
BSZE	0.050	0.654	0.622	0.536
BLS	0.220	2.342	2.915	0.004***
IND (%)	0.027	0.183	0.346	0.730
FD (%)	0.213	0.075	2.815	0.006***
ROS (%)	−0.024	0.076	−0.264	0.792
ROA (%)	0.048	0.171	0.542	0.589
TS	−0.061	0.000	−0.655	0.514
TA	0.390	0.000	4.118	0.000***
R Square	0.516
Adjusted R square	0.470
F value	11.312
p Value	0.000

Variables	Coefficient	Standard error	Beta t values	p value
SHI (%)	−0.416	0.057	−5.430	0.000***
BSZE	0.050	0.654	0.622	0.536
BLS	0.220	2.342	2.915	0.004***
IND (%)	0.027	0.183	0.346	0.730
FD (%)	0.213	0.075	2.815	0.006***
ROS (%)	−0.024	0.076	−0.264	0.792
ROA (%)	0.048	0.171	0.542	0.589
TS	−0.061	0.000	−0.655	0.514
TA	0.390	0.000	4.118	0.000***
R Square	0.516
Adjusted R square	0.470
F value	11.312
p Value	0.000

Note(s): *p < 0.1, two-tailed; **p < 0.05, two-tailed; ***p < 0.01, two-tailed

SHI = Share held by insiders to an all equity share bank

BSZE = Total number of members on each board

BLS = Board leadership structure, 1 for dual or 0 for non-dual

IND = Proportion of independent directors to the total directors on board

FD = Proportion of female directors to the total directors on board

ROS = Net profit after taxes to the total sales of a bank

ROA = Net profit after taxes to the total assets of a bank

TS = Total sales of a bank

TA = Total assets of a bank

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