Table 2:

The first step of EBA test

Target Variable	βm	t-Statistic	Prob.	Pass or failure to pass
MPI	626.4070	5.8957	0.0000	Y
PDI	0.0347	11.3838	0.0000	Y
CC	0.0158	4.2909	0.0001	Y
P	−0.1410	−5.0866	0.0000	Y
CPI	626.3534	5.8951	0.0000	Y
GMB	0.6616	5.2101	0.0000	Y
CSK	−0.0020	−0.6734	0.5012	N
NHI	−0.8641	−2.8535	0.1902	N
IID	3.4600	14.4248	0.0083	Y

Note: The significance level is 5%.”Y” means pass, “N” means failure to pass.