Table 7.
Shows the impact of banking sector performance on renewable energy consumption.
| VARIABLES | Asset Market | Capitalization | Return | Managerial | Asset Quality Z-score |
|---|---|---|---|---|---|
| Roa | −0.00209 | ||||
| −0.00316 | |||||
| Market cap | 0.000266** | ||||
| −0.00011 | |||||
| Asset quality | −0.00101*** | ||||
| −0.00013 | |||||
| ManIneff | −0.000829*** | ||||
| −0.00016 | |||||
| Zd-score | 0.00021 | ||||
| −0.00042 | |||||
| l.inrec | 1.015*** | 1.010*** | 0.979*** | 1.017*** | 1.013*** |
| −0.0122 | −0.00675 | −0.00941 | −0.0119 | −0.0103 | |
| dlncop | −0.0152** | −0.0178** | −0.0141** | −0.0161** | −0.0135* |
| −0.00763 | −0.00798 | −0.00701 | −0.00691 | −0.00734 | |
| ingdppc | 0.119** | 0.150*** | 0.0780** | 0.131*** | 0.144*** |
| −0.0598 | −0.0396 | −0.0385 | −0.0358 | −0.0359 | |
| Dlnco2 | −0.284*** | −0.283*** | −0.251*** | −0.289*** | −0.291*** |
| −0.0447 | −0.0434 | −0.0396 | −0.0441 | −0.0439 | |
| fdi | 0.00232*** | 0.00234*** | 0.00167*** | 0.00160*** | 0.00199*** |
| −0.00033 | −0.00034 | −0.00039 | −0.00037 | −0.00031 | |
| dtrade | −0.000442*** | −0.000350** | −0.000378*** | −0.000324** | −0.000488*** |
| −9.28E-05 | −0.00014 | −0.00013 | −0.00013 | −0.00013 | |
| Dlniva | −0.0482 | −0.0459 | 0.0576 | 0.0367 | −0.0232 |
| −0.0732 | −0.0724 | −0.0861 | −0.098 | −0.0837 | |
| Institution | −0.148* | −0.190*** | −0.0669 | −0.0916 | −0.164** |
| −0.0759 | −0.0661 | −0.0701 | −0.0908 | −0.0664 | |
| Urbanization | −0.00234 | −0.00365** | −0.00249* | −0.00220* | −0.00226* |
| −0.00163 | −0.00164 | −0.00129 | −0.00119 | −0.0012 | |
| Constant | −0.837* | −1.030*** | −0.556* | −0.972*** | −1.093*** |
| −0.495 | −0.315 | −0.309 | −0.318 | −0.307 | |
| Observations | 427 | 427 | 397 | 425 | 427 |
| Nr. of ContrID | 32 | 32 | 32 | 32 | 32 |
| Wald test | 167584.73*** | 215694.09*** | 293953.06*** | 48725.37*** | 62623.88*** |
| Sargan's test | 21.07 (0.69) | 20.66 (0.71) | 21.5 (0.66) | 22.16 (0.63) | 21.76 (0.65) |
| 1st order auto | −2.95*** | −2.93*** | −2.94*** | −2.83*** | −2.86*** |
| 2nd order auto | 0.18 | 0.11 | −0.41 | 0.32 | 0.25 |
| CD test | 0 | 0 | 0 | 0 | 0 |
| CIPS test | 0 | 0 | 0.000a | 0 | 0 |
Author Calculation.