| Levin, Lin & Chu t* | Im, Pesaran and Shin W-stat | ADF-Fisher Chi-square | PP-Fisher Chi-square |
|
DD | −7.57128 (0.0000) | −2.43380 (0.0075) | 45.2371 (0.0025) | 51.2509 (0.0004) | stationary |
EBT | −2.68087 (0.0963) | 3.46953 (0.9997) | 28.3329 (0.0861) | 32.0415 (0.0067) | stationary |
NPR | −8.87730 (0.0000) | −0.33641 (0.3683) | 29.1829 (0.0397) | 70.2809 (0.0000) | stationary |
ROA | −13.6601 (0.0000) | −8.29982 (0.0000) | 94.5663 (0.0000) | 60.0029 (0.0000) | stationary |
LEV | −2.97085 (0.0985) | 2.13420 (0.9836) | 24.0144 (0.3465) | 43.7556 (0.0038) | stationary |
LDR | −2.1.27263 (0.0000) | −1.68263 (0.0462) | 42.7552 (0.0051) | 43.6046 (0.0040) | stationary |
TOP1 | −7.07001 (0.0000) | −13.2912 (0.0000) | 93.8512 (0.0000) | 52.2781 (0.0001) | stationary |
CAR | −6.52819 (0.0000) | −0.52791 (0.2988) | 29.6745 (0.0266) | 43.2869 (0.0043) | stationary |