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Future Business Journal

Table 6 Residual cross-section dependence test results

From: Factors influencing commercial bank profitability in Bangladesh: a panel data approach

Test

Statistic

d.f.

Prob

Bank-related factors

   

Breusch–Pagan LM

427.2742

276

0.0000***

Pesaran-scaled LM

6.438658

 

0.0000***

Bias-corrected scaled LM

4.438658

 

0.0000***

Pesaran CD

− 1.301965

 

0.1929

Macroeconomic factors

   

Breusch–Pagan LM

518.8265

276

0.0000***

Pesaran-scaled LM

10.33538

 

0.0000***

Bias-corrected scaled LM

8.335382

 

0.0000***

Pesaran CD

− 0.663996

 

0.5067

  1. Source: EViews results (2022)
  2. Cross-section effects were removed during estimation
  3. *, **, ***indicate level of significance at 10%, 5%, and 1%, respectively
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