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Table 7 Effect of knowledge (PE), cognitive ability (EE) and social capital (EA) on financial stability (SB)

From: Does competence of central bank governors influence financial stability?

  LLC NPL CAR CRISIS RISK
(1) (2) (3) (4) (5)
Coefficient (t-statistic) Coefficient (t-statistic) Coefficient (t-statistic) Coefficient (t-statistic) Coefficient (t-statistic)
C 66.326*** (3.83) 8.255 (0.41) 11.568*** (4.56) 0.434* (1.63) 4.405*** (0.00)
PE*EA − 19.697 (− 1.42) 1.165 (0.36) − 2.138* (− 1.88) 0.009 (0.05) − 0.158 (− 0.06)
PE*EE − 72.474*** (− 5.66) 7.577** (2.37) 0.225 (0.12) 0.522** (2.49) 3.712 (1.46)
PE*EA*EE 82.212*** (5.59) − 6.347* (− 1.73) 1.506 (0.71) − 0.395* (− 1.67) − 1.830 (− 0.63)
PE − 0.809 (− 0.09) 0.372 (0.17) 2.374* (1.88) 0.005 (0.04) 1.794 (1.09)
EE 5.064 (0.69) 0.954 (0.52) 0.585 (0.55) 0.007 (0.05) − 1.917 (− 1.35)
EA 0.940 (0.17) − 1.141 (− 0.79) 1.064 (1.30) − 0.056 (− 0.60) 1.048 (0.94)
PD − 8.189 (− 1.20) − 4.231** (− 2.45) 1.672* (1.68) 0.051 (0.42) − 1.305 (− 0.96)
AGE 0.034 (0.12) 0.051 (0.77) 0.022 (0.57) − 0.006 (− 1.44) 0.002 (0.03)
GDPR 0.802* (1.53) 0.073 (0.49) − 0.041 (− 0.46) − 0.013 (− 1.49) 0.035 (0.32)
INF 0.166 (0.87) − 0.046 (− 0.43) 0.076 (1.11) 0.002 (0.58) − 0.059 (− 1.49)
INT − 0.376 (− 1.22) 0.141 (1.47) − 0.123* (− 1.91) 0.013** (2.52) − 0.068 (− 1.07)
R2 88.01 86.24 65.46 49.92 74.42
Adjusted R2 85.10 57.11 56.72 37.32 68.73
F-statistic 30.27 7.75 7.48 3.96 13.09
Fixed effect Yes Yes Yes Yes Yes
Observations 206 204 199 200 221
  1. The results in this table are estimated using fixed-effect regression. Country and period fixed effect were applied
  2. ***, **, * represent significance at 1%, 5%, 10%