Variable

Coefficient

Std. Error

t-Statistic

Prob.

C

−3.516769

0.696599

−5.048480

0.0000

SHADOW

8.68E-05

4.10E-05

2.114214

0.0380^*

CUP

0.001436

0.000603

2.382574

0.0199^**

SIZE

0.077931

0.022953

3.395177

0.0011^***

CRR

−0.009979

0.002479

−4.024739

0.0001^***

NPLR

−0.074930

0.046422

−1.614095

0.1109

LDR

−0.000811

0.001011

−0.802387

0.4250

CAR

0.034600

0.012273

2.819255

0.0062^**

NIRR

0.000543

0.002545

0.213378

0.8316

GDP

0.315279

0.051229

6.154372

0.0000^***