Impact of Diversification on Bank Stability: Evidence from Emerging and Developing Countries

Table 3

Descriptive statistics and model diagnostic test.

Variable	Obs	Mean	Std. dev.	Min	Max	Unit-root test using ADF		VIF	1/VIF
						At level value
Z score	945	0.136	0.087	0	0.566	−4.29	0.00
SDROA	945	1.18	1.06	−5.23	5.92	−12.62	0.00
SDROE	945	1.30	1.053	−2.47	6.406	−9.79	0.00
IDV	943	0.407	0.167	0.00	0.969	−4.92	0.00	1.27	0.790
HHI loan	678	0.302	0.276	0.04	1	−4.99	0.00	1.12	0.890
CLCG	945	29.52	18.74	1	77.39	−18.57	0.00	1.38	0.724
NIM	894	0.070	0.071	0.00	1.142	−11.82	0.00	1.37	0.728
CIR	901	0.581	0.165	0.089	2.020	−6.08	0.00	1.19	0.843
LEV	897	0.777	0.208	0.009	1	−5.06	0.00	1.50	0.664
LIQ	859	0.440	0.295	0.030	2.760	−4.61	0.00	1.28	0.780
INF	897	0.374	8.159	−0.097	244.11	−14.97	0.00	1.22	0.821
GDP	938	0.041	0.0721	−0.620	1.23	−13.13	0.00	1.01	0.988
Crisis dummy								1.01	0.986
Wald test for groupwise heteroskedasticity chi2 (45) = 13319 Prob > chi2 = 0.0000
Wooldridge test for autocorrelation in panel data F(1, 44) = 12.170 = Prob > F = 0.0000

Source: author estimates (2022).