From: Relationship between fintech by Google search and bank stock return: a case study of Vietnam
Lag | Model 1. BankReturn = f(FinFintech) | Model 2. BankReturn = f(FinPayment) | ||||||
---|---|---|---|---|---|---|---|---|
FPE | AIC | HQIC | SBIC | FPE | AIC | HQIC | SBIC | |
0 | 0.000043 | − 4.37101 | − 4.3579* | − 4.33859* | 0.000041 | − 4.42685 | − 4.41374 | − 4.39443* |
1 | 0.000043 | − 4.38228 | − 4.3429 | − 4.28502 | 0.00004* | − 4.45815* | − 4.41882* | − 4.3609 |
2 | 0.000043* | − 4.3828* | − 4.31724 | − 4.22071 | 0.00004 | − 4.44685 | − 4.38129 | − 4.28476 |
3 | 0.000044 | − 4.35986 | − 4.26806 | − 4.13292 | 0.000041 | − 4.41973 | − 4.32794 | − 4.19279 |
4 | 0.000045 | − 4.32744 | − 4.20943 | − 4.03567 | 0.000043 | − 4.39004 | − 4.27203 | − 4.09827 |
Lag | Model 3. BankReturn = f(FinLending) | Model 4. BankReturn = f(FinMoney) | ||||||
---|---|---|---|---|---|---|---|---|
FPE | AIC | HQIC | SBIC | FPE | AIC | HQIC | SBIC | |
0 | 0.000015 | − 5.43138 | − 5.41827 | − 5.39896 | 0.000031 | − 4.6932 | − 4.68009* | − 4.66078* |
1 | 0.000014 | − 5.51814 | − 5.4788 | − 5.42088 | 0.00003 | − 4.71116 | − 4.67182 | − 4.6139 |
2 | 0.000013* | − 5.60185* | − 5.53628* | − 5.43975* | 0.000031* | − 4.71645* | − 4.65088 | − 4.55435 |
3 | 0.000013 | − 5.58547 | − 5.49368 | − 5.35853 | 0.000031 | − 4.69841 | − 4.6066 | − 4.47147 |
4 | 0.000013 | − 5.5752 | − 5.45718 | − 5.28342 | 0.000032 | − 4.66419 | − 4.54617 | − 4.37241 |
Lag | Model 5. BankReturn = f(FinWallet) | Model 6. BankReturn = f(FinProduct) | ||||||
---|---|---|---|---|---|---|---|---|
FPE | AIC | HQIC | SBIC | FPE | AIC | HQIC | SBIC | |
0 | 0.000043 | − 4.37561 | − 4.3625* | − 4.34319* | 0.000031 | − 4.71639 | − 4.70327* | − 4.68397* |
1 | 0.000043 | − 4.38616 | − 4.34682 | − 4.2889 | 0.00003* | − 4.73262* | − 4.6932 | − 4.63536 |
2 | 0.000043* | − 4.38863* | − 4.32306 | − 4.22653 | 0.00003 | − 4.73154 | − 4.66598 | − 4.56945 |
3 | 0.000044 | − 4.36674 | − 4.27495 | − 4.1398 | 0.000031 | − 4.70196 | − 4.61017 | − 4.47502 |
4 | 0.000045 | − 4.33774 | − 4.21973 | − 4.04597 | 0.000032 | − 4.66663 | − 4.54861 | − 4.37485 |