From: Relationship between fintech by Google search and bank stock return: a case study of Vietnam
Panel 8.1. The lag-order selection | Panel 8.2. The co-integration test | ||||||||
---|---|---|---|---|---|---|---|---|---|
Lag | FPE | AIC | HQIC | SBIC | Rank | LL | Eigenvalue | Trace Statistic | 5% critical value |
0 | 5.4e−16 | − 15.2966 | − 15.2507 | − 15.1831* | 0 | 1430.9964 |  | 699.7386 | 124.24 |
1 | 3.8e−16 | − 15.6509 | − 15.2837 | − 14.7432 | 1 | 1528.5637 | 0.61042 | 504.6039 | 94.15 |
2 | 2.3e−16* | − 16.1445* | − 15.4561* | − 14.4425 | 2 | 1611.7536 | 0.55236 | 338.2241 | 68.52 |
3 | 2.9e−16 | − 15.9055 | − 14.8958 | − 13.4092 | 3 | 1658.7395 | 0.36490 | 244.2523 | 47.21 |
4 | 3.5e−16 | − 15.7467 | − 14.4158 | − 12.4561 | 4 | 1702.5996 | 0.34542 | 156.5323 | 29.68 |
 |  |  |  |  | 5 | 1741.4048 | 0.31266 | 78.9219 | 15.41 |
 |  |  |  |  | 6 | 1765.9074 | 0.21080 | 29.9165 | 3.76 |
 |  |  |  |  | 7 | 1780.8657 | 0.13457 |  |  |