Table 8 Correlation matrix
From: Diversification, bank performance and risk: have Tunisian banks adopted the new business model?
ROA | ROE | CARDS | ATM | INF | GDP | CRISIS | IHH | CD | NII | CAPR | LS | LR | SIZE | SHROE | SHROA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROA | 1.0000 | |||||||||||||||
ROE | 0.7014 | 1.0000 | ||||||||||||||
CARDS | 0.0701 | 0.0781 | 1.0000 | |||||||||||||
ATM | 0.1079 | 0.0568 | 0.4711 | 1.0000 | ||||||||||||
INF | 0.0013 | 0.0604 | 0.5295 | 0.5409 | 1.0000 | |||||||||||
GDP | 0.1085 | 0.0376 | 0.5184 | −0.4509 | 0.1663 | 1.0000 | ||||||||||
CRISIS | −0.0395 | 0.0767 | 0.0547 | 0.4747 | 0.5070 | −0.5350 | 1.000 | |||||||||
IHH | 0.1508 | −0.0062 | −0.2731 | −0.9463 | −0.4488 | 0.4570 | −0.7685 | 1.0000 | ||||||||
CD | −0.1531 | −0.2991 | −0.0464 | −0.0409 | −0.0038 | 0.0482 | −0.0409 | 0.0385 | 1.0000 | |||||||
NII | 0.5217 | 0.3641 | 0.2364 | −0.2440 | −0.0889 | 0.1490 | −0.2197 | 0.2520 | −0.2424 | 1.0000 | ||||||
CAPR | 0.0898 | −0.3774 | −0.1316 | −0.1257 | −0.0388 | 0.1057 | −0.1156 | 0.1053 | 0.3147 | 0.0930 | 1.0000 | |||||
LS | −0.2188 | −0.1269 | 0.1009 | 0.0668 | 0.0259 | −0.0023 | 0,1075 | −0.0127 | −0.1380 | −0.5722 | −0.0947 | 1.0000 | ||||
LR | 0.3724 | −0.1568 | −0.2714 | −0.2716 | −0.1242 | 0.1676 | −0.2575 | 0.2584 | 0.1096 | 0.1394 | 0.3736 | −0.0163 | 1.000 | |||
SIZE | 0.1970 | 0.4862 | 0.2223 | 0.2382 | 0.1348 | −0.1069 | 0.1998 | −0.2438 | −0.2951 | −0.0457 | −0.5212 | −0.0228 | −0.2705 | 1.0000 | ||
SHROE | 0.1591 | 0.2860 | 0.0067 | 0.0072 | 0.0071 | 0.0011 | 0.0060 | −0.0063 | −0.0951 | −0.0855 | −0.1254 | 0.1641 | −0.1170 | 0.1490 | 1.0000 | |
SHROA | −0.1104 | 0.0399 | 0.0184 | 0.0209 | 0.0174 | −0.0070 | 0.0157 | −0.0201 | −0.0452 | −0.1917 | −0.1402 | 0.1589 | −0.1353 | −0.0833 | 0.2125 | 1.0000 |