Table 2. Pairwise correlations between... | Emerald Publishing

Table 2.

Pairwise correlations between deployed variables

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
(1) Loan price	1.000
(2) EPU SCMP median	−0.173***	1.000
(3) Inflation	0.003	−0.063**	1.000
(4) Interest expense to liabilities	0.813***	0.097***	−0.042*	1.000
(5) Non-interest expenses to assets	0.074***	−0.398***	0.130***	−0.070***	1.000
(6) LLP to gross loans	0.075***	0.312***	−0.147***	−0.008	−0.067***	1.000
(7) Equity to assets	−0.005	0.131***	−0.065***	0.016	0.080***	0.140***	1.000
(8) Loan to deposits	−0.150***	0.045*	0.029	0.023	−0.143***	−0.077***	0.068***	1.000
(9) Bank size	−0.175***	0.123***	−0.005	−0.093***	−0.302***	−0.027	−0.170***	0.189***	1.000
(10) GDP growth	0.019	−0.763***	0.189***	−0.120***	0.276***	−0.310***	−0.170***	0.042*	−0.073***	1.000

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
(1) Loan price	1.000
(2) EPU SCMP median	−0.173***	1.000
(3) Inflation	0.003	−0.063**	1.000
(4) Interest expense to liabilities	0.813***	0.097***	−0.042*	1.000
(5) Non-interest expenses to assets	0.074***	−0.398***	0.130***	−0.070***	1.000
(6) LLP to gross loans	0.075***	0.312***	−0.147***	−0.008	−0.067***	1.000
(7) Equity to assets	−0.005	0.131***	−0.065***	0.016	0.080***	0.140***	1.000
(8) Loan to deposits	−0.150***	0.045*	0.029	0.023	−0.143***	−0.077***	0.068***	1.000
(9) Bank size	−0.175***	0.123***	−0.005	−0.093***	−0.302***	−0.027	−0.170***	0.189***	1.000
(10) GDP growth	0.019	−0.763***	0.189***	−0.120***	0.276***	−0.310***	−0.170***	0.042*	−0.073***	1.000

Note(s):

***, ** and *indicate 1, 5 and 10% levels of significance, respectively

Source(s): Authors’ own work