Table 8. Results from Tobin regression... | Emerald Publishing

Table 8.

Results from Tobin regression for output-oriented efficiency

	Coef.	St. dev.	t-stat	p-value	Hypothesisverification
Age	0.0000***	0.0000	−3.8300	< 0.001	H1 (No)
Size	0.0223***	0.0014	16.1100	< 0.001	H1 (Yes)
GDP	−0.0012**	0.0006	−2.0000	0.0450	H2 (Yes)
Inflation	−0.0007	0.0005	−1.5600	0.1180	H2 (No)
Capital_ratio	0.0010***	0.0003	3.4900	< 0.001	H3 (Yes)
Liquidity_ratio	0.0022**	0.0009	2.3600	0.0180	H3 (Yes)
ROA	0.0726***	0.0031	23.3400	< 0.001	H3 (Yes)
Provision_ratio	−0.0017***	0.0004	−3.8500	< 0.001	H4 (Yes)
Off_balance	0.0000***	0.0000	6.7100	< 0.001	H4 (No)
D_SSM	−0.0685***	0.0046	−14.7800	< 0.001	H5 (Yes)
_cons	0.3297***	0.0254	12.9900	< 0.001

	Coef.	St. dev.	t-stat	p-value	Hypothesisverification
Age	0.0000***	0.0000	−3.8300	< 0.001	H1 (No)
Size	0.0223***	0.0014	16.1100	< 0.001	H1 (Yes)
GDP	−0.0012**	0.0006	−2.0000	0.0450	H2 (Yes)
Inflation	−0.0007	0.0005	−1.5600	0.1180	H2 (No)
Capital_ratio	0.0010***	0.0003	3.4900	< 0.001	H3 (Yes)
Liquidity_ratio	0.0022**	0.0009	2.3600	0.0180	H3 (Yes)
ROA	0.0726***	0.0031	23.3400	< 0.001	H3 (Yes)
Provision_ratio	−0.0017***	0.0004	−3.8500	< 0.001	H4 (Yes)
Off_balance	0.0000***	0.0000	6.7100	< 0.001	H4 (No)
D_SSM	−0.0685***	0.0046	−14.7800	< 0.001	H5 (Yes)
_cons	0.3297***	0.0254	12.9900	< 0.001

Note(s):

***,

**and

* mean statistical significance at 0.01, 0.05 and 0.1 levels, respectively

Source(s): Authors’ own creation