Does corporate governance spur bank intellectual capital in an emerging economy? A system GMM analysis from Ethiopia

Future Business Journal

Table 3 Banks’ Average M-VAIC and its Components During 2011–2022.

No	Banks	HCE	SCE	RCE	CEE	M-VAIC	Rank
1	Commercial Bank of Ethiopia	4.599	0.713	0.006	0.836	6.155	1
2	Zemen Bank	4.680	0.770	0.012	0.399	5.861	2
3	Awash International Bank	3.122	0.660	0.010	0.471	4.264	3
4	Dashin Bank	3.106	0.627	0.477	0.015	4.225	4
5	Nib International Bank	2.998	0.641	0.009	0.353	4.001	5
6	Cooperative Bank of Oromia	2.781	0.567	0.020	0.455	3.822	6
7	Bunna Bank	2.825	0.630	0.026	0.338	3.820	7
8	Lion International Bank	2.674	0.586	0.019	0.373	3.652	8
9	Berhan Bank	2.654	0.572	0.021	0.338	3.585	9
10	Bank of Abyssinia	2.532	0.568	0.013	0.458	3.572	10
11	Wegagen Bank	2.587	0.547	0.018	0.368	3.520	11
12	Hibret Bank	2.516	0.516	0.015	0.394	3.441	12
13	Abay Bank	2.424	0.560	0.027	0.317	3.328	13
14	Oromia Bank	2.224	0.541	0.020	0.427	3.211	14
	Over All Mean	2.980	0.607	0.049	0.396	4.033