Table 2 Correlation matrix ROA Solvency... | Emerald Publishing

Table 2

Correlation matrix

	ROA	Solvency	Liquidity	Asset quality	SIZE	GDP	Inflation
Panel A: correlation matrix
ROA	1
Solvency	0.248**	1
Liquidity	0.293***	−0.079	1
Asset quality	0.130	0.083	0.146	1
SIZE	0.512***	0.531***	−0.178*	0.524	1
GDP	0.060	0.075	−0.094	0.345	0.140	1
Inflation	−0.042	0.107	−0.180	0.514	0.120	0.736***	1
Panel B: VIF
		1.34	1.09	1.33	1.50	3.51	3.51

	ROA	Solvency	Liquidity	Asset quality	SIZE	GDP	Inflation
Panel A: correlation matrix
ROA	1
Solvency	0.248**	1
Liquidity	0.293***	−0.079	1
Asset quality	0.130	0.083	0.146	1
SIZE	0.512***	0.531***	−0.178*	0.524	1
GDP	0.060	0.075	−0.094	0.345	0.140	1
Inflation	−0.042	0.107	−0.180	0.514	0.120	0.736***	1
Panel B: VIF
		1.34	1.09	1.33	1.50	3.51	3.51

Note(s): ***, ** and * indicate the significance level of 1, 5 and 10% respectively

Source(s): Created by authors