Table 8.

Shows the impact of the banking industry on renewable energy use in 2nd group countries.

values	Return on asset	markt Capitalisation	Asset quality	Managerial inefficiency	z-score
ROA	1.34567***
	−1.00095
market cap		0.00178***
		−0.00051
Asset quality			0.000807**
			−0.00038
Mani Neff				1.39E-05
				−0.00022
Z-score					0.00138***
					−0.0005
l.inrec	0.953***	0.956***	0.921***	0.956***	0.962***
	−0.016	−0.016	−0.0195	−0.0156	−0.0145
dinocap	−0.0152**	−0.0160**	−0.00596	−0.0153*	−0.0187***
	−0.00759	−0.00719	−0.00641	−0.00786	−0.00686
dinged	−0.0746	−0.0690	−0.108*	−0.0667	−0.0701
	−0.0719	−0.0747	−0.0579	−0.0744	−0.0743
Inco2	−0.0702**	−0.0541**	−0.0822***	−0.0700**	−0.0593**
	−0.029	−0.0246	−0.0256	−0.0277	−0.0276
fdi	−0.000296	−0.000505	0.000466	−0.000236	−0.000309
	−0.00078	−0.00081	−0.00078	−0.00083	−0.00075
dtrade	−0.000556**	−0.000443*	−0.00105***	−0.000525**	−0.000420*
	−0.00023	−0.00023	−0.00021	−0.00024	−0.00025
diva	0.0532***	0.0467***	0.0304*	0.0382**	0.0515***
	−0.0158	−0.0149	−0.0181	−0.0157	−0.0162
Institution	0.0286	0.02	0.0871*	0.0311	0.0214
	−0.0429	−0.0426	−0.0522	−0.0419	−0.0431
urbanization	−0.145***	−0.131***	−0.126***	−0.133***	−0.138***
	−0.0316	−0.0303	−0.025	−0.0345	−0.0328
Constant	−0.000767	−0.0170	−0.0889**	3.42E-05	−0.00547
	−0.0331	−0.0344	−0.0442	−0.0371	−0.0309
Observations	770	771	681	767	770
Nr. of ContrID	57	57	56	57	57
Wald test	16267.64***	14505.88***	11841.54***	14047.11***	24749.64***
Sargan's test	28.51 (0.29)	28.52 (0.28)	31.36 (0.18)	27.42 (0.34)	26.75 (0.37)
1st order auto	−2.45***	−6.2***	−6.34***	−4.7***	−5.45***
2nd order aoto	34.6	1.002	0.69	0.98	1.005
CD test	0	0	0	0	0
CIPS test	0	0	0.000a	0	0

Author Calculation.