41 LAMPIRAN
Lampiran 1 Daftar Bank yang Terdaftar di BEI
No. Kode Saham Nama Emiten
1 AGRO Bank Rakyat Indonesia Agro Niaga Tbk
2 AGRS Bank Agris Tbk
3 ARTO Bank Artos Indonesia Tbk 4 BABP Bank MNC International Tbk 5 BACA Bank Capital Indonesia 6 BBCA Bank Central Asia Tbk 7 BBHI Bank Harda International Tbk
8 BBKP Bank Bukopin Tbk
9 BBMD Bank Mestika Dharma Tbk
10 BBNI Bank Negara Indonesia (Persero) Tbk 11 BBRI Bank Rakyat Indonesiia (Persero) Tbk 12 BBTN Bank Tabungan Negara (Persero) Tbk 13 BBYP Bank Yudha Bhakti Tbk
14 BCIC Bank J Trust Indonesia Tbk 15 BDMN Bank Danamon Indonesia Tbk
16 BEKS Bank Pembangunan Daerah Banten Tbk
17 BGTG Bank Ganesha Tbk
18 BINA Bank Ina Perdana Tbk 19 BJBR Bank Jabar Banten Tbk
20 BJTM Bank Pembangunan Daerah Jawa Timur Tbk 21 BKSW Bank QNB Indonesia Tbk
22 BMAS Bank Maspion Indonesia 23 BMRI Bank Mandiri (Persero) Tbk
24 BNGA Bank CIMB Niaga Tbk
25 BNII Bank Maybank Indonesia Tbk
26 BNLI Bank Permata Tbk
27 BSIM Bank Sinar Mas Tbk
28 BSWD Bank of India Indonesia Tbk
29 BTPN Bank Tabungan Pensiunan Nasional Tbk 30 BVIC Bank Victoria International Tbk
31 DNAR Bank Dinar Indonesia Tbk
32 INPC Bank Artha Graha International Tbk 33 MAYA Bank Mayapada International Tbk 34 MCOR Bank China Construction Bank Ind. Tbk
35 MEGA Bank Mega Tbk
36 NAGA Bank Mitraniaga Tbk
37 NISP Bank OCBC NISP Tbk
42
No. Kode Saham Nama Emiten
38 NOBU Bank National Nobu Tbk 39 PNBN Bank Pan Indonesia Tbk 40 PNBS Bank Panin Syariah Tbk
41 SDRA Bank Woori Saudara Indonesia 1906 Tbk
Lampiran 2 Bank yang Melaporkan Jumlah Transaksi Internet dan Mobile Banking serta Laporan Keuangan Lengkap Periode 2015-2019 (Sampel Penelitian)
No Nama Bank
1 Bank Tabungan Negara (Persero) Tbk 2 Bank Central Asia Tbk
3 Bank Negara Indonesia (Persero) Tbk 4 Bank Rakyat Indonesia (Persero) Tbk 5 Bank Mandiri (Persero) Tbk
6 Bank Maybank Indonesia Tbk 7 Bank Mega Tbk
8 Bank CIMB Niaga Tbk
Lampiran 3 Hasil Uji Outlier (Sebelum Transformasi Data)
No ZROA ZLNSIZE ZIB ZMB
1 -0,8009 -0,8887 -0,5670 -0,5281
2 -0,7850 -0,6458 -0,5662 -0,5171
3 -0,8168 -0,4237 -0,5649 -0,5080
4 -1,1304 -0,2481 -0,5623 -0,4946
5 -2,2071 -0,2289 -0,5566 -0,4793
6 0,6974 0,7207 1,5007 0,2323
7 1,4775 0,6062 1,9513 0,4864
8 1,5049 0,7207 2,4461 0,9751
9 1,7379 0,8487 2,7770 1,9797
10 1,7208 0,9685 3,1375 4,4763
11 -0,0228 0,3132 -0,5369 -0,5303
12 0,0980 0,5018 -0,5287 -0,5241
13 0,1475 0,6817 -0,5298 -0,4957
14 0,1798 0,8267 -0,5267 -0,4115
15 0,0144 0,8763 -0,5233 -0,2747
16 -0,4739 -1,9121 -0,5665 -0,5367
17 -0,0886 -1,8753 -0,5663 -0,5363
18 -0,2808 -1,7044 -0,5662 -0,5357
19 0,1168 -1,6848 -0,5661 -0,5345
20 0,2175 -1,4797 -0,5661 -0,5330
43
21 0,5587 0,8181 -0,3908 -0,3229
22 1,1407 1,0661 -0,3017 -0,2517
23 1,0400 1,1938 -0,1072 -0,1763
24 1,7379 0,8487 0,2819 -0,1239
25 1,7208 0,9685 1,1601 -0,0550
26 0,6390 0,9577 0,1033 0,3457
27 -0,5027 1,1042 0,2982 0,7786
28 0,1420 1,1923 0,2838 1,6708
29 0,5626 1,2661 0,2583 1,5502
30 0,5020 1,3682 0,2170 1,0892
31 -1,2694 -0,9845 -0,5462 -0,5290
32 -0,7310 -0,9226 -0,5384 -0,5280
33 -0,8462 -0,8797 -0,5273 -0,5308
34 -0,5832 -0,8527 -0,5225 -0,5265
35 -0,7609 -0,9067 -0,4695 -0,5133
36 -1,8512 -0,5241 -0,5492 -0,5320
37 -1,2459 -0,5115 -0,5468 -0,5250
38 -0,7372 -0,4035 -0,5440 -0,5239
39 -0,4716 -0,4016 -0,5396 -0,5177
40 -0,3508 -0,3701 -0,5381 -0,4886
Lampiran 4 Hasil Uji Outlier (Setelah Transformasi Data)
No ZROA ZSIZE ZLNIB ZLNMB
1 -0,8009 -0,8887 -1,8681 -0,8045
2 -0,7850 -0,6458 -1,4360 -0,4884
3 -0,8168 -0,4237 -1,1582 -0,3365
4 -1,1304 -0,2481 -0,8920 -0,1810
5 -2,2071 -0,2289 -0,6162 -0,0545
6 0,6974 0,7207 1,3380 1,0191
7 1,4775 0,6062 1,4112 1,1378
8 1,5049 0,7207 1,4778 1,3003
9 1,7379 0,8487 1,5165 1,5124
10 1,7208 0,9685 1,5545 1,7993
11 -0,0228 0,3132 -0,2284 -0,9153
12 0,0980 0,5018 -0,1400 -0,6594
13 0,1475 0,6817 -0,1515 -0,1914
14 0,1798 0,8267 -0,1220 0,2660
15 0,0144 0,8763 -0,0914 0,5717
16 -0,4739 -1,9121 -1,5685 -1,7421
17 -0,0886 -1,8753 -1,4804 -1,6066
18 -0,2808 -1,7044 -1,4502 -1,4455
44
19 0,1168 -1,6848 -1,4006 -1,2587
20 0,2175 -1,4797 -1,4179 -1,1029
21 0,5587 0,8181 0,4238 0,4875
22 1,1407 1,0661 0,5756 0,6066
23 1,0400 1,1938 0,7797 0,7041
24 1,7379 0,8487 1,0073 0,7605
25 1,7208 0,9685 1,2711 0,8246
26 0,6390 0,9577 0,9196 1,0763
27 -0,5027 1,1042 1,0144 1,2423
28 0,1420 1,1923 1,0082 1,4579
29 0,5626 1,2661 0,9969 1,4345
30 0,5020 1,3682 0,9778 1,3306
31 -1,2694 -0,9845 -0,3649 -0,8465
32 -0,7310 -0,9226 -0,2472 -0,8012
33 -0,8462 -0,8797 -0,1274 -0,9441
34 -0,5832 -0,8527 -0,0847 -0,7425
35 -0,7609 -0,9067 0,2048 -0,4184
36 -1,8512 -0,5241 -0,4209 -1,0216
37 -1,2459 -0,5115 -0,3754 -0,6881
38 -0,7372 -0,4035 -0,3278 -0,6554
39 -0,4716 -0,4016 -0,2633 -0,4999
40 -0,3508 -0,3701 -0,2440 -0,1270
Lampiran 5 Hasil Statistik Deskriptif
Date: 06/06/22 Time: 08:33 Sample: 2015 2019
ROA_Y_ LNIB_X1_ LNMB_X2_ LNSIZE_Z_
Mean 0.022766 17.45805 17.75023 19.76445
Median 0.022725 17.09816 17.30311 19.80248 Maximum 0.039654 21.64275 22.07082 20.99957 Minimum 0.001318 12.42922 13.56705 18.03832 Std. Dev. 0.009718 2.691927 2.401255 0.902749 Skewness 0.117732 -0.097069 0.148068 -0.368313 Kurtosis 2.479431 1.951496 1.775320 1.855456 Jarque-Bera 0.544059 1.895082 2.645897 3.087665 Probability 0.761832 0.387693 0.266349 0.213561
Sum 0.910637 698.3219 710.0094 790.5781
Sum Sq. Dev. 0.003683 282.6123 224.8750 31.78328
Observations 40 40 40 40
45
Lampiran 6 Hasil Penentuan Model Regresi Data Panel dan Pengujian Hipotesis Uji Regresi Fixed Effect Persamaan 1
Dependent Variable: ROA Method: Panel Least Squares Date: 06/24/22 Time: 13:52 Sample: 2015 2019
Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Variable Coefficient Std. Error t-Statistic Prob.
C 0.005096 0.022382 0.227658 0.8215
LNIB -0.000966 0.001445 -0.668571 0.5089
LNMB 0.001946 0.001155 1.684428 0.1025
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.854184 Mean dependent var 0.022766 Adjusted R-squared 0.810439 S.D. dependent var 0.009718 S.E. of regression 0.004231 Akaike info criterion -7.880481 Sum squared resid 0.000537 Schwarz criterion -7.458261 Log likelihood 167.6096 Hannan-Quinn criter. -7.727819 F-statistic 19.52650 Durbin-Watson stat 1.268814 Prob(F-statistic) 0.000000
Uji Regresi Random Effect Persamaan 1
Dependent Variable: ROA
Method: Panel EGLS (Cross-section random effects) Date: 06/24/22 Time: 13:52
Sample: 2015 2019 Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Swamy and Arora estimator of component variances
Variable Coefficient Std. Error t-Statistic Prob.
C -0.015109 0.014550 -1.038380 0.3058
LNIB 0.000285 0.001105 0.257966 0.7979
LNMB 0.001853 0.001063 1.743829 0.0895
Effects Specification
S.D. Rho
Cross-section random 0.007037 0.7345
Idiosyncratic random 0.004231 0.2655
46
Weighted Statistics
R-squared 0.174131 Mean dependent var 0.005911 Adjusted R-squared 0.129489 S.D. dependent var 0.004523 S.E. of regression 0.004220 Sum squared resid 0.000659 F-statistic 3.900648 Durbin-Watson stat 1.064910 Prob(F-statistic) 0.029031
Unweighted Statistics
R-squared 0.427883 Mean dependent var 0.022766 Sum squared resid 0.002107 Durbin-Watson stat 0.333006
Uji Regresi Common Effect Persamaan 1
Dependent Variable: ROA Method: Panel Least Squares Date: 06/24/22 Time: 14:09 Sample: 2015 2019
Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Variable Coefficient Std. Error t-Statistic Prob.
C -0.024026 0.008634 -2.782684 0.0084
LNIB 0.001657 0.000931 1.780163 0.0833
LNMB 0.001006 0.001044 0.964307 0.3412
R-squared 0.475035 Mean dependent var 0.022766 Adjusted R-squared 0.446658 S.D. dependent var 0.009718 S.E. of regression 0.007229 Akaike info criterion -6.949496 Sum squared resid 0.001933 Schwarz criterion -6.822830 Log likelihood 141.9899 Hannan-Quinn criter. -6.903697 F-statistic 16.74044 Durbin-Watson stat 0.378630 Prob(F-statistic) 0.000007
Uji Chow Persamaan 1
Redundant Fixed Effects Tests Equation: FEMREG1
Test cross-section fixed effects
Effects Test Statistic d.f. Prob.
Cross-section F 11.143646 (7,30) 0.0000
Cross-section Chi-square 51.239399 7 0.0000
Cross-section fixed effects test equation:
Dependent Variable: ROA Method: Panel Least Squares Date: 06/24/22 Time: 13:53
47
Sample: 2015 2019 Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Variable Coefficient Std. Error t-Statistic Prob.
C -0.024026 0.008634 -2.782684 0.0084
LNIB 0.001657 0.000931 1.780163 0.0833
LNMB 0.001006 0.001044 0.964307 0.3412
R-squared 0.475035 Mean dependent var 0.022766 Adjusted R-squared 0.446658 S.D. dependent var 0.009718 S.E. of regression 0.007229 Akaike info criterion -6.949496 Sum squared resid 0.001933 Schwarz criterion -6.822830 Log likelihood 141.9899 Hannan-Quinn criter. -6.903697 F-statistic 16.74044 Durbin-Watson stat 0.378630 Prob(F-statistic) 0.000007
Uji Hausman Persamaan 1
Correlated Random Effects - Hausman Test Equation: REMREG1
Test cross-section random effects
Test Summary
Chi-Sq.
Statistic Chi-Sq. d.f. Prob.
Cross-section random 1.807727 2 0.4050
Cross-section random effects test comparisons:
Variable Fixed Random Var(Diff.) Prob.
LNIB -0.000966 0.000285 0.000001 0.1789
LNMB 0.001946 0.001853 0.000000 0.8384
Cross-section random effects test equation:
Dependent Variable: ROA Method: Panel Least Squares Date: 06/24/22 Time: 13:55 Sample: 2015 2019
Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Variable Coefficient Std. Error t-Statistic Prob.
C 0.005096 0.022382 0.227658 0.8215
LNIB -0.000966 0.001445 -0.668571 0.5089
LNMB 0.001946 0.001155 1.684428 0.1025
Effects Specification
48
Cross-section fixed (dummy variables)
R-squared 0.854184 Mean dependent var 0.022766 Adjusted R-squared 0.810439 S.D. dependent var 0.009718 S.E. of regression 0.004231 Akaike info criterion -7.880481 Sum squared resid 0.000537 Schwarz criterion -7.458261 Log likelihood 167.6096 Hannan-Quinn criter. -7.727819 F-statistic 19.52650 Durbin-Watson stat 1.268814 Prob(F-statistic) 0.000000
Uji Lagrange Multiplier Persamaan 1
Lagrange multiplier (LM) test for panel data Date: 06/24/22 Time: 14:06
Sample: 2015 2019
Total panel observations: 40 Probability in ()
Null (no rand. effect) Cross-section Period Both
Alternative One-sided One-sided
Breusch-Pagan 30.18116 1.933629 32.11479 (0.0000) (0.1644) (0.0000)
Honda 5.493738 -1.390550 2.901392
(0.0000) (0.9178) (0.0019)
King-Wu 5.493738 -1.390550 2.203574
(0.0000) (0.9178) (0.0138)
SLM 7.078216 -1.214523 --
(0.0000) (0.8877) --
GHM -- -- 30.18116
-- -- (0.0000)
Uji Regresi Fixed Effect Persamaan 2 (MRA)
Dependent Variable: ROA Method: Panel Least Squares Date: 04/08/22 Time: 06:59 Sample: 2015 2019
Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Variable Coefficient Std. Error t-Statistic Prob.
C 0.425259 0.328475 1.294649 0.2064
LNIB -0.099310 0.031122 -3.191037 0.0036
LNMB 0.078296 0.027053 2.894146 0.0074
LNSIZE -0.023639 0.017212 -1.373382 0.1809
MOD1 0.005032 0.001584 3.177663 0.0037
MOD2 -0.003792 0.001365 -2.779240 0.0098
Effects Specification Cross-section fixed (dummy variables)
49
R-squared 0.902569 Mean dependent var 0.022766 Adjusted R-squared 0.859266 S.D. dependent var 0.009718 S.E. of regression 0.003646 Akaike info criterion -8.133679 Sum squared resid 0.000359 Schwarz criterion -7.584793 Log likelihood 175.6736 Hannan-Quinn criter. -7.935219 F-statistic 20.84317 Durbin-Watson stat 2.007881 Prob(F-statistic) 0.000000
Uji Regresi Random Effect Persamaan 2 (MRA)
Dependent Variable: ROA
Method: Panel EGLS (Cross-section random effects) Date: 04/01/22 Time: 04:21
Sample: 2015 2019 Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Swamy and Arora estimator of component variances
Variable Coefficient Std. Error t-Statistic Prob.
C 0.468509 0.193227 2.424657 0.0208
LNIB -0.090462 0.019828 -4.562331 0.0001
LNMB 0.062188 0.021024 2.957909 0.0056
LNSIZE -0.025112 0.009725 -2.582113 0.0143
MOD1 0.004671 0.001010 4.625759 0.0001
MOD2 -0.003104 0.001057 -2.937730 0.0059
Effects Specification
S.D. Rho
Cross-section random 0.002884 0.3849
Idiosyncratic random 0.003646 0.6151
Weighted Statistics
R-squared 0.563565 Mean dependent var 0.011203 Adjusted R-squared 0.499383 S.D. dependent var 0.005858 S.E. of regression 0.004145 Sum squared resid 0.000584 F-statistic 8.780774 Durbin-Watson stat 1.311870 Prob(F-statistic) 0.000020
Unweighted Statistics
R-squared 0.697930 Mean dependent var 0.022766 Sum squared resid 0.001112 Durbin-Watson stat 0.688825
Uji Chow Persamaan 2
Redundant Fixed Effects Tests Equation: FEM2
Test cross-section fixed effects
Effects Test Statistic d.f. Prob.
50
Cross-section F 6.265600 (7,27) 0.0002
Cross-section Chi-square 38.594319 7 0.0000
Cross-section fixed effects test equation:
Dependent Variable: ROA Method: Panel Least Squares Date: 04/01/22 Time: 04:21 Sample: 2015 2019
Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Variable Coefficient Std. Error t-Statistic Prob.
C 0.579962 0.173110 3.350257 0.0020
LNIB -0.100409 0.020858 -4.813848 0.0000
LNMB 0.062051 0.023126 2.683180 0.0112
LNSIZE -0.029617 0.008556 -3.461585 0.0015
MOD1 0.005244 0.001071 4.897399 0.0000
MOD2 -0.003232 0.001173 -2.755693 0.0093
R-squared 0.744300 Mean dependent var 0.022766 Adjusted R-squared 0.706697 S.D. dependent var 0.009718 S.E. of regression 0.005263 Akaike info criterion -7.518821 Sum squared resid 0.000942 Schwarz criterion -7.265489 Log likelihood 156.3764 Hannan-Quinn criter. -7.427224 F-statistic 19.79361 Durbin-Watson stat 0.974250 Prob(F-statistic) 0.000000
Uji Hausman Persamaan 2
Correlated Random Effects - Hausman Test Equation: REM2
Test cross-section random effects
Test Summary
Chi-Sq.
Statistic Chi-Sq. d.f. Prob.
Cross-section random 14.953174 5 0.0106
Cross-section random effects test comparisons:
Variable Fixed Random Var(Diff.) Prob.
LNIB -0.099310 -0.090462 0.000575 0.7122
LNMB 0.078296 0.062188 0.000290 0.3441
LNSIZE -0.023639 -0.025112 0.000202 0.9174
MOD1 0.005032 0.004671 0.000001 0.7671
MOD2 -0.003792 -0.003104 0.000001 0.4254
Cross-section random effects test equation:
Dependent Variable: ROA
51
Method: Panel Least Squares Date: 04/01/22 Time: 04:22 Sample: 2015 2019
Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Variable Coefficient Std. Error t-Statistic Prob.
C 0.425259 0.328475 1.294649 0.2064
LNIB -0.099310 0.031122 -3.191037 0.0036
LNMB 0.078296 0.027053 2.894146 0.0074
LNSIZE -0.023639 0.017212 -1.373382 0.1809
MOD1 0.005032 0.001584 3.177663 0.0037
MOD2 -0.003792 0.001365 -2.779240 0.0098
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.902569 Mean dependent var 0.022766 Adjusted R-squared 0.859266 S.D. dependent var 0.009718 S.E. of regression 0.003646 Akaike info criterion -8.133679 Sum squared resid 0.000359 Schwarz criterion -7.584793 Log likelihood 175.6736 Hannan-Quinn criter. -7.935219 F-statistic 20.84317 Durbin-Watson stat 2.007881 Prob(F-statistic) 0.000000
Uji Asumsi Klasik Persamaan 2 Uji Normalitas
0 1 2 3 4 5 6 7 8 9
-0.02 -0.01 0.00 0.01
Series: Standardized Residuals Sample 2015 2019
Observations 40
Mean -6.01e-18 Median 0.000674 Maximum 0.013760 Minimum -0.021072 Std. Dev. 0.007614 Skewness -0.406205 Kurtosis 2.929448
Jarque-Bera 1.108313 Probability 0.574557
Uji Multikolinearitas
Variance Inflation Factors Date: 06/26/22 Time: 13:26 Sample: 1 35
Included observations: 35
52
Coefficient Uncentered Centered
Variable Variance VIF VIF
C 0.001041 850.6473 NA
IB 3.91E-17 3.039019 2.265326
MB 1.36E-17 2.825808 2.219286
LNSIZE 2.79E-06 884.4894 1.887059
ROA LNIB LNMB LNSIZE MOD1 MOD2
ROA 1
0.67958915031 24379
0.65579920441 17609
0.59159964743 06029
0.69304320937 95451
0.66035222763 00819 LNIB
0.67958915031
24379 1
0.88692039800 2508
0.83343109914 70662
0.99198619761 39672
0.89048921799 75346 LNMB
0.65579920441 17609
0.88692039800
2508 1
0.89932292728 29029
0.92050114518 84766
0.99499069039 20766 LNSIZE
0.59159964743 06029
0.83343109914 70662
0.89932292728
29029 1
0.89468818523 13119
0.93714750342 32679 MOD1
0.69304320937 95451
0.99198619761 39672
0.92050114518 84766
0.89468818523
13119 1
0.93132356930 92162 MOD2
0.66035222763 00819
0.89048921799 75346
0.99499069039 20766
0.93714750342 32679
0.93132356930
92162 1
ROA LNIB LNMB LNSIZE MOD1 MOD2
ROA 1.000000 0.679589 0.655799 0.591600 0.693043 0.660352 LNIB 0.679589 1.000000 0.886920 0.833431 0.991986 0.890489 LNMB 0.655799 0.886920 1.000000 0.899323 0.920501 0.994991 LNSIZE 0.591600 0.833431 0.899323 1.000000 0.894688 0.937148 MOD1 0.693043 0.991986 0.920501 0.894688 1.000000 0.931324 MOD2 0.660352 0.890489 0.994991 0.937148 0.931324 1.000000
Uji Heteroskedastisitas
Dependent Variable: RESABS Method: Panel Least Squares Date: 04/08/22 Time: 09:23 Sample: 2015 2019
Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Variable Coefficient Std. Error t-Statistic Prob.
C -0.031449 0.306688 -0.102545 0.9191
LNIB 0.006314 0.029057 0.217285 0.8296
LNMB -0.002101 0.025259 -0.083192 0.9343
LNSIZE -0.000877 0.016070 -0.054587 0.9569
MOD1 -7.51E-05 0.001479 -0.050757 0.9599
MOD2 2.31E-05 0.001274 0.018108 0.9857
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.557788 Mean dependent var 0.006232 Adjusted R-squared 0.361250 S.D. dependent var 0.004259 S.E. of regression 0.003404 Akaike info criterion -8.270933 Sum squared resid 0.000313 Schwarz criterion -7.722047 Log likelihood 178.4187 Hannan-Quinn criter. -8.072473 F-statistic 2.838062 Durbin-Watson stat 1.491132 Prob(F-statistic) 0.011887
Uji Hipotesis Persamaan 2 (MRA)
Dependent Variable: ROA
53
Method: Panel Least Squares Date: 04/01/22 Time: 04:23 Sample: 2015 2019
Periods included: 5 Cross-sections included: 8
Total panel (balanced) observations: 40
Variable Coefficient Std. Error t-Statistic Prob.
C 0.425259 0.328475 1.294649 0.2064
LNIB -0.099310 0.031122 -3.191037 0.0036
LNMB 0.078296 0.027053 2.894146 0.0074
LNSIZE -0.023639 0.017212 -1.373382 0.1809
MOD1 0.005032 0.001584 3.177663 0.0037
MOD2 -0.003792 0.001365 -2.779240 0.0098
Effects Specification Cross-section fixed (dummy variables)
R-squared 0.902569 Mean dependent var 0.022766 Adjusted R-squared 0.859266 S.D. dependent var 0.009718 S.E. of regression 0.003646 Akaike info criterion -8.133679 Sum squared resid 0.000359 Schwarz criterion -7.584793 Log likelihood 175.6736 Hannan-Quinn criter. -7.935219 F-statistic 20.84317 Durbin-Watson stat 2.007881 Prob(F-statistic) 0.000000
