Table 9. Results from Tobin regression... | Emerald Publishing

Table 9.

Results from Tobin regression for input-oriented efficiency

	Coef.	Std.	t-stat	p-value	Hypothesisverification
Age	0.0000***	0.0000	−3.8000	< 0.001	H1 (No)
Size	0.0171***	0.0014	12.0900	< 0.001	H1 (Yes)
GDP	−0.0012**	0.0006	−2.0000	0.0450	H2 (Yes)
Inflation	−0.0009*	0.0005	−1.7800	0.0760	H2 (No)
Capital_ratio	0.0010***	0.0003	3.5000	< 0.001	H3 (Yes)
Liquidity_ratio	0.0026***	0.0010	2.6800	0.0070	H3 (Yes)
ROA	0.0721***	0.0032	22.5900	< 0.001	H3 (Yes)
Provision_ratio	−0.0019***	0.0004	−4.1900	< 0.001	H4 (Yes)
Off_balance	0.0000***	0.0000	6.2600	< 0.001	H4 (No)
D_SSM	−0.0703***	0.0048	−14.7700	< 0.001	H5 (Yes)
_cons	0.4115***	0.0260	15.8000	< 0.001

	Coef.	Std.	t-stat	p-value	Hypothesisverification
Age	0.0000***	0.0000	−3.8000	< 0.001	H1 (No)
Size	0.0171***	0.0014	12.0900	< 0.001	H1 (Yes)
GDP	−0.0012**	0.0006	−2.0000	0.0450	H2 (Yes)
Inflation	−0.0009*	0.0005	−1.7800	0.0760	H2 (No)
Capital_ratio	0.0010***	0.0003	3.5000	< 0.001	H3 (Yes)
Liquidity_ratio	0.0026***	0.0010	2.6800	0.0070	H3 (Yes)
ROA	0.0721***	0.0032	22.5900	< 0.001	H3 (Yes)
Provision_ratio	−0.0019***	0.0004	−4.1900	< 0.001	H4 (Yes)
Off_balance	0.0000***	0.0000	6.2600	< 0.001	H4 (No)
D_SSM	−0.0703***	0.0048	−14.7700	< 0.001	H5 (Yes)
_cons	0.4115***	0.0260	15.8000	< 0.001

Note(s):

***,

**and

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

Source(s): Authors’ own creation