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Table 5 Correlation analysis

From: The consequence of the credit risk on the financial performance in light of COVID-19: Evidence from Islamic versus conventional banks across MEA region

 

G.NPL

SIZ

LD

EA

CA

LLR

LA

INF

UNE

ROE

ROA

TC

TD

G.NPL

1

 − .387**

 − .002

.233**

.077*

 − .312**

.235**

.099*

 − .103*

 − .195*

 − .116*

.037

.012

SIZ

 

1

 − .020

 − .249**

 − .197*

.271**

 − .136**

 − .062*

 − .024

 − .009

 − .084

.076*

.025

LD

  

1

.170**

.680**

 − .018

0.00**

 − .036

 − .022

 − .020

.020

 − .007

 − .010

EA

   

1

.525**

 − .086

.271**

 − 0.08*

 − .123*

.009

.283

 − .000

 − .015

CA

    

1

.010

 − .219**

 − 0.06

 − .095

.191**

.350*

 − .023

 − .006

LLR

     

1

 − .056*

 − .034

 − .061**

.044*

 − .032

 − .027

 − .012

LA

      

1

.265**

 − 0.005

.193**

.232**

 − .038

.013

INF

       

1

.043

.102**

.080*

 − .020

 − 001

UNE

        

1

.012

 − .034

.515**

.538**

ROE

         

1

.89**

 − .180**

 − .062

ROA

          

1

 − .177**

 − .080

TC

           

1

.936**

TD

            

1

  1. **Correlation is significant at the 0.01 lev
  2. *Correlation is significant at the 0.05 lev
  3. ROA return on equity %; ROE return on assets %; G.NPL gross NPL ratio %; SIZ firm size based on log of total assets; LD loan-to-deposit ratio%; EA equity-to-assets ratio %; CA capital adequacy ratio total; LLR loan loss reserves to gross NPLs %; LA liquid assets to total deposits and borrowings%; INF inflation % CPI; UNE unemployment, total (% of total labor force) (modeled ILO estimate); TC total cases of COVID and TD total deaths of COVID