Correlation Analysis Results Between Nim and Independent Variables

ROCE	SIZE	CA	DP	LOAN	LQD	NPL	LLP	INF	GDP (%)	MC (%GDP)	RI
	Pearson Correlation	0.032	0.364 **	-0.122	0.308 **	0.044	-0.223 **	0.325 **	1	-0.064	-0.263 **	-0.095	0.037
LLP	Sig. (2-tailed)	0.651	0.000	0.088	0.000	0.538	0.002	0.000		0.371	0.000	0.185	0.609
	N	198	198	198	198	198	198	192	198	198	198	196	198
	Pearson Correlation	0.031	-0.120	0.098	-0.131	-0.055	0.102	0.032	-0.064	1	0.056	-0.251 **	-0.959 **
INF	Sig. (2-tailed)	0.660	0.092	0.167	0.067	0.444	0.153	0.656	0.371		0.435	0.000	0.000
	N	198	198	198	198	198	198	192	198	198	198	196	198
GDP (%)	Pearson Correlation	0.266 **	-0.169 *	-0.026	-0.324 **	-0.091	0.249 **	-0.381 **	-0.263 **	0.056	1	0.398 **	-0.063
GDP (%)	Sig. (2-tailed)	0.000	0.017	0.719	0.000	0.204	0.000	0.000	0.000	0.435		0.000	0.381
	N	198	198	198	198	198	198	192	198	198	198	196	198
MC (%GDP)	Pearson Correlation	0.246 **	-0.179 *	-0.012	-0.241 **	-0.019	0.232 **	-0.194 **	-0.095	-0.251 **	0.398 **	1	0.334 **
	Sig. (2-tailed)	0.001	0.012	0.868	0.001	0.792	0.001	0.007	0.185	0.000	0.000		0.000
	N	196	196	196	196	196	196	190	196	196	196	196	196
	Pearson Correlation	0.023	0.118	-0.102	0.093	0.029	-0.079	-0.048	0.037	-0.959 **	-0.063	0.334 **	1
RI	Sig. (2-tailed)	0.745	0.097	0.153	0.193	0.688	0.266	0.508	0.609	0.000	0.381	0.000
	N	198	198	198	198	198	198	192	198	198	198	196	198

Maybe you are interested!

**. Correlation is statistically significant at the 0.01 level.

*. Correlation is statistically significant at the 0.05 level

APPENDIX 7 - RESULTS OF CORRELATION ANALYSIS BETWEEN NIM AND INDEPENDENT VARIABLES

NIM	SIZE	CA	DP	LOAN	LQD	NPL	LLP	INF	GDP (%)	MC (%GDP)	RI
	Pearson Correlation	1	-0.214 **	0.408 **	-0.145 *	0.115	-0.008	-0.232 **	-0.129	0.058	0.168 *	0.125	-0.038
NIM	Sig. (2-tailed)		0.002	0.000	0.041	0.107	0.906	0.001	0.070	0.420	0.018	0.081	0.591
	N	198	198	198	198	198	198	192	198	198	198	196	198
	Pearson Correlation	-0.214 **	1	-0.663 **	0.421 **	-0.058	-0.113	0.067	0.364 **	-0.120	-0.169 *	-0.179 *	0.118
SIZE	Sig. (2-tailed)	0.002		0.000	0.000	0.416	0.113	0.353	0.000	0.092	0.017	0.012	0.097
	N	198	198	198	198	198	198	192	198	198	198	196	198
	Pearson Correlation	0.408 **	-0.663 **	1	-0.449 **	0.073	0.001	-0.002	-0.122	0.098	-0.026	-0.012	-0.102
CA	Sig. (2-tailed)	0.000	0.000		0.000	0.310	0.988	0.977	0.088	0.167	0.719	0.868	0.153
	N	198	198	198	198	198	198	192	198	198	198	196	198
	Pearson Correlation	-0.145 *	0.421 **	-0.449 **	1	0.341 **	-0.402 **	0.265 **	0.308 **	-0.131	-0.324 **	-0.241 **	0.093
DP	Sig. (2-tailed)	0.041	0.000	0.000		0.000	0.000	0.000	0.000	0.067	0.000	0.001	0.193
	N	198	198	198	198	198	198	192	198	198	198	196	198
	Pearson Correlation	0.115	-0.058	0.073	0.341 **	1	-0.720 **	0.050	0.044	-0.055	-0.091	-0.019	0.029
LOAN	Sig. (2-tailed)	0.107	0.416	0.310	0.000		0.000	0.491	0.538	0.444	0.204	0.792	0.688
	N	198	198	198	198	198	198	192	198	198	198	196	198
	Pearson Correlation	-0.008	-0.113	0.001	-0.402 **	-0.720 **	1	-0.196 **	-0.223 **	0.102	0.249 **	0.232 **	-0.079
LQD	Sig. (2-tailed)	0.906	0.113	0.988	0.000	0.000		0.006	0.002	0.153	0.000	0.001	0.266
	N	198	198	198	198	198	198	192	198	198	198	196	198
	Pearson Correlation	-0.232 **	0.067	-0.002	0.265 **	0.050	-0.196 **	1	0.325 **	0.032	-0.381 **	-0.194 **	-0.048
NPL	Sig. (2-tailed)	0.001	0.353	0.977	0.000	0.491	0.006		0.000	0.656	0.000	0.007	0.508
	N	192	192	192	192	192	192	192	192	192	192	190	192
LLP	Pearson Correlation	-0.129	0.364 **	-0.122	0.308 **	0.044	-0.223 **	0.325 **	1	-0.064	-0.263 **	-0.095	0.037

NIM	SIZE	CA	DP	LOAN	LQD	NPL	LLP	INF	GDP (%)	MC (%GDP)	RI
	Sig. (2-tailed)	0.070	0.000	0.088	0.000	0.538	0.002	0.000		0.371	0.000	0.185	0.609
	N	198	198	198	198	198	198	192	198	198	198	196	198
	Pearson Correlation	0.058	-0.120	0.098	-0.131	-0.055	0.102	0.032	-0.064	1	0.056	-0.251 **	-0.959 **
INF	Sig. (2-tailed)	0.420	0.092	0.167	0.067	0.444	0.153	0.656	0.371		0.435	0.000	0.000
	N	198	198	198	198	198	198	192	198	198	198	196	198
GDP (%)	Pearson Correlation	0.168 *	-0.169 *	-0.026	-0.324 **	-0.091	0.249 **	-0.381 **	-0.263 **	0.056	1	0.398 **	-0.063
	Sig. (2-tailed)	0.018	0.017	0.719	0.000	0.204	0.000	0.000	0.000	0.435		0.000	0.381
	N	198	198	198	198	198	198	192	198	198	198	196	198
MC (%GDP)	Pearson Correlation	0.125	-0.179 *	-0.012	-0.241 **	-0.019	0.232 **	-0.194 **	-0.095	-0.251 **	0.398 **	1	0.334 **
	Sig. (2-tailed)	0.081	0.012	0.868	0.001	0.792	0.001	0.007	0.185	0.000	0.000		0.000
	N	196	196	196	196	196	196	190	196	196	196	196	196
	Pearson Correlation	-0.038	0.118	-0.102	0.093	0.029	-0.079	-0.048	0.037	-0.959 **	-0.063	0.334 **	1
RI	Sig. (2-tailed)	0.591	0.097	0.153	0.193	0.688	0.266	0.508	0.609	0.000	0.381	0.000
	N	198	198	198	198	198	198	192	198	198	198	196	198

**. Correlation is statistically significant at the 0.01 level.

*. Correlation is statistically significant at the 0.05 level

APPENDIX 8 - RESULTS OF REGRESSION ANALYSIS OF MODEL 1

Summary Results of Model 1

Model

R	R Square	Adjusted R Square	Std. Error of the Estimate	Change Statistics					Durbin-Watson
R	R Square	Adjusted R Square	Std. Error of the Estimate	R Square Change	F Change	df1	df2	Sig. F Change	Durbin-Watson
1	0.518a	0.268	0.223	0.769872	0.268	5,924	11	178	0.000	1,649

a. Independent variables: RI, CA, NPL, LOAN, LLP, MC (%GDP), RGDP (%), DP, SIZE, LQD, INF

b. Dependent variable: ROA

ANOVA analysis results of Model 1

Model

Sum of Squares	df	Mean Square	F	Sig.
	Regression	38,622	11	3,511	5,924	0.000 b
1	Residual	105,501	178	0.593
	Total	144,123	189

a. Independent variables: RI, CA, NPL, LOAN, LLP, MC (%GDP), RGDP (%), DP, SIZE, LQD, INF

b. Dependent variable: ROA

Regression coefficients of Model 1

Model

Unstandardized Coefficients		Standardized Coefficients	t	Sig.	Correlations			Collinearity Statistics
B	Std. Error	Beta	t	Sig.	Zero-order	Partial	Part	Tolerance	VIF
	(Constant)	-4,418	1,670		-2,645	0.009
	SIZE	0.349	0.152	0.224	2,295	0.023	-0.207	0.170	0.147	0.433	2,308
	CA	6,134	0.964	0.618	6,363	0.000	0.402	0.431	0.408	0.436	2,293
	DP	1,041	0.540	0.174	1,930	0.055	-0.166	0.143	0.124	0.508	1,967
	LOAN	0.376	0.605	0.061	0.621	0.535	0.077	0.046	0.040	0.426	2,345
1	LQD	0.272	0.837	0.033	0.325	0.745	0.041	0.024	0.021	0.404	2,476
1	NPL	-10,566	4,250	-0.182	-2,486	0.014	-0.217	-0.183	-0.159	0.764	1,308
	LLP	-10,271	10,597	-0.074	-0.969	0.334	-0.135	-0.072	-0.062	0.701	1,427
	INF	0.027	0.036	0.188	0.767	0.444	0.047	0.057	0.049	0.068	14,619
	GDP (%)	0.185	0.112	0.132	1,647	0.101	0.158	0.123	0.106	0.636	1,573
MC (%GDP)		0.013	0.010	0.117	1,358	0.176	0.121	0.101	0.087	0.550	1,819
	RI	0.032	0.064	0.127	0.497	0.620	-0.034	0.037	0.032	0.063	15,854
a. Dependent variable: ROA

APPENDIX 9 - RESULTS OF REGRESSION ANALYSIS OF MODEL 2

Summary Results of Model 2

Model

R	R Square	Adjusted R Square	Std. Error of the Estimate	Change Statistics					Durbin-Watson
R	R Square	Adjusted R Square	Std. Error of the Estimate	R Square Change	F Change	df1	df2	Sig. F Change	Durbin-Watson
2	0.672a	0.452	0.418	4,392	0.452	13,353	11	178	0.000	1,375

a. Independent variables: RI, CA, NPL, LOAN, LLP, MC (%GDP), RGDP (%), DP, SIZE, LQD, INF

b. Dependent variable: ROE

ANOVA analysis results of Model 2

Model

Sum of Squares	df	Mean Square	F	Sig.
	Regression	2833,673	11	257,607	13,353	0.000 b
2	Residual	3434,030	178	19,292
	Total	6267,703	189

a. Independent variables: RI, CA, NPL, LOAN, LLP, MC (%GDP), RGDP (%), DP, SIZE, LQD, INF

b. Dependent variable: ROE

Regression coefficients of Model 2

Model

Unstandardized Coefficients		Standardized Coefficients	t	Sig.	Correlations			Collinearity Statistics
B	Std. Error	Beta	t	Sig.	Zero-order	Partial	Part	Tolerance	VIF
	(Constant)	-57,718	9,533		-6,054	0.000
	SIZE	5,894	0.868	0.573	6,794	0.000	0.452	0.454	0.377	0.433	2,308
	CA	1,575	5,502	0.024	0.286	0.775	-0.372	0.021	0.016	0.436	2,293
	DP	2,857	3,079	0.072	0.928	0.355	0.078	0.069	0.051	0.508	1,967
	LOAN	5,231	3,455	0.129	1,514	0.132	-0.076	0.113	0.084	0.426	2,345
2	LQD	11,464	4,774	0.210	2,401	0.017	0.184	0.177	0.133	0.404	2,476
	NPL	-72,906	24,258	-0.191	-3,005	0.003	-0.275	-0.220	-0.167	0.764	1,308
	LLP	-13,587	60,478	-0.015	-0.225	0.823	0.027	-0.017	-0.012	0.701	1,427
	INF	0.448	0.203	0.468	2,208	0.028	0.024	0.163	0.123	0.068	14,619
	GDP (%)	1,587	0.614	0.172	2,476	0.014	0.257	0.182	0.137	0.636	1,573
MC (%GDP)		0.161	0.057	0.213	2,843	0.005	0.245	0.208	0.158	0.550	1,819
	RI	0.566	0.367	0.341	1,542	0.024	-0.024	1,115	0.086	0.063	15,854

a. Dependent variable: ROE

APPENDIX 10 - RESULTS OF REGRESSION ANALYSIS OF MODEL 3

Summary Results of Model 3

Model

R	R Square	Adjusted R Square	Std. Error of the Estimate	Change Statistics					Durbin-Watson
R	R Square	Adjusted R Square	Std. Error of the Estimate	R Square Change	F Change	df1	df2	Sig. F Change	Durbin-Watson
3	0.672a	0.452	0.418	4,392	0.452	13,353	11	178	0.000	1,375