Table 2.
Descriptive statistics.
| Variable | Measurement |
Overall |
Overall |
Between |
Within |
Min. | Max. |
|---|---|---|---|---|---|---|---|
| Unit | Mean | S.D. | S.D. | S.D. | |||
| P | % | 0.0974 | 0.3042 | 0.1242 | 0.2764 | 0.0000 | 9.8894 |
| RISKAPP | % | 0.8524 | 11.4687 | 9.6551 | 7.3167 | −121.6975 | 111.6524 |
| LIC | % | 10.1858 | 12.1077 | 8.4705 | 8.6970 | −45.0900 | 174.9500 |
| ESG | Points | 30.4315 | 11.8777 | 10.1841 | 6.1264 | 4.8500 | 62.6400 |
| ROE | % | 9.4825 | 6.9585 | 5.3775 | 4.4642 | −63.4900 | 41.3400 |
| DIV | % | 30.2903 | 66.4786 | 24.9414 | 61.9502 | 0.0000 | 2950.0000 |
| RGDPGR | % | 3.1960 | 3.4762 | 2.5018 | 2.3453 | −9.5000 | 14.5300 |
| CPI | % | 1.5936 | 2.0100 | 1.3770 | 1.4621 | −1.1000 | 18.6800 |
| NEER | % | 0.7594 | 7.0209 | 1.3339 | 6.9040 | −16.3211 | 22.3150 |
Notes: P = default probabilities (%); RISKAPP = risk appetite ratio (%); LIC = loan impairment charges-to-net revenue ratio (%); ESG = Environment, Social and Governance scores; ROE = return-on-equity ratio (%); DIV = dividend pay-out ratio (%); RGDPGR = growth rate in real gross domestic product (%); CPI = consumer price index (%), NEER = change in nominal effective exchange rate (%).