Research Article
[Retracted] Risk Spillover: A New Perspective on the Study of Financing Difficulties for SMEs—Evidence from China
| | Items | Mean | Standard deviation | Skewness | Kurtosis | J–B test | Q (10) | ARCH | ADF |
| | SMEs | 0.009 | 1.692 | −0.717 | 6.260 | 1263 (0.00) | 24.90 (0.00) | 274.50 (0.00) | −46.23 (0.00) | | Banks | 0.031 | 1.518 | 0.062 | 9.298 | 3952 (0.00) | 29.01 (0.00) | 227.72 (0.00) | −49.68 (0.00) | | State-owned banks | 0.022 | 1.355 | −0.051 | 13.30 | 11000 (0.00) | 24.9 (0.00) | 274.53 (0.00) | −46.20 (0.00) | | Joint-stock banks | 0.362 | 1.645 | 0.155 | 8.302 | 2809 (0.00) | 23.22 (0.00) | 182.06 (0.00) | −49.53 (0.00) | | City commercial banks | 0.303 | 1.731 | 0.212 | 9.466 | 4181 (0.00) | 37.50 (0.00) | 223.55 (0.00) | −50.42 (0.00) |
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Source: Wind database. values are in parentheses; ARCH means the LM test lagged with 10 items. |
