Variable descriptive statistics
| HDP | HCT | RDIPR | RDDN | DT | SIZE | LA | ROE | TOP1 | SOE | |
|---|---|---|---|---|---|---|---|---|---|---|
| HDP | 1 | |||||||||
| HCT | 0.152*** | 1 | ||||||||
| RDIPR | 0.092*** | 0.045** | 1 | |||||||
| RDDN | 0.070*** | −0.005 | 0.250*** | 1 | ||||||
| DT | 0.153*** | 0.0220 | 0.069** | 0.0440 | 1 | |||||
| SIZE | 0.405*** | 0.113*** | 0.104*** | 0.058** | 0.217*** | 1 | ||||
| LA | 0.043** | 0.0250 | 0.071*** | 0.076*** | 0.118*** | 0.257*** | 1 | |||
| ROE | 0.101*** | 0.087*** | 0.0210 | −0.054* | −0.00100 | 0.0090 | −0.198*** | 1 | ||
| TOP1 | 0.027 | −0.127*** | −0.091*** | −0.097*** | −0.072** | 0.119*** | −0.128*** | 0.056* | 1 | |
| SOE | 0.131*** | 0.087*** | 0.064** | 0.070** | 0.0140 | 0.242*** | 0.208*** | −0.112*** | 0.063** | 1 |
| Mean | 0.25 | 0.409 | 2.597 | 0.130 | 3.034 | 6.804 | 1.601 | 0.0844 | 0.323 | 0.0846 |
| SD | 0.0424 | 0.492 | 5.617 | 0.448 | 1.287 | 0.763 | 0.681 | 0.0938 | 0.133 | 0.278 |
| Min | 0.182 | 0 | 0 | 0 | 0 | 4.543 | 0.394 | −1.104 | 0 | 0 |
| Max | 0.456 | 1 | 18.74 | 2.944 | 6.354 | 9.161 | 5.654 | 0.604 | 0.750 | 1 |
| VIF | 1.06 | 1.08 | 1.07 | 1.07 | 1.22 | 1.21 | 1.07 | 1.11 | 1.12 |
| HDP | HCT | RDIPR | RDDN | DT | SIZE | LA | ROE | TOP1 | SOE | |
|---|---|---|---|---|---|---|---|---|---|---|
| HDP | 1 | |||||||||
| HCT | 0.152*** | 1 | ||||||||
| RDIPR | 0.092 | 0.045 | 1 | |||||||
| RDDN | 0.070 | −0.005 | 0.250 | 1 | ||||||
| DT | 0.153 | 0.0220 | 0.069 | 0.0440 | 1 | |||||
| SIZE | 0.405 | 0.113 | 0.104 | 0.058 | 0.217 | 1 | ||||
| LA | 0.043 | 0.0250 | 0.071 | 0.076 | 0.118 | 0.257 | 1 | |||
| ROE | 0.101 | 0.087 | 0.0210 | −0.054 | −0.00100 | 0.0090 | −0.198 | 1 | ||
| TOP1 | 0.027 | −0.127 | −0.091 | −0.097 | −0.072 | 0.119 | −0.128 | 0.056 | 1 | |
| SOE | 0.131 | 0.087 | 0.064 | 0.070 | 0.0140 | 0.242 | 0.208 | −0.112 | 0.063 | 1 |
| Mean | 0.25 | 0.409 | 2.597 | 0.130 | 3.034 | 6.804 | 1.601 | 0.0844 | 0.323 | 0.0846 |
| SD | 0.0424 | 0.492 | 5.617 | 0.448 | 1.287 | 0.763 | 0.681 | 0.0938 | 0.133 | 0.278 |
| Min | 0.182 | 0 | 0 | 0 | 0 | 4.543 | 0.394 | −1.104 | 0 | 0 |
| Max | 0.456 | 1 | 18.74 | 2.944 | 6.354 | 9.161 | 5.654 | 0.604 | 0.750 | 1 |
| VIF | 1.06 | 1.08 | 1.07 | 1.07 | 1.22 | 1.21 | 1.07 | 1.11 | 1.12 |
Notes:
*Indicates p < 0.1; **indicates p< 0.05; and ***indicates p < 0.01
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