| Variable | Local | Foreign | Small | Medium | Large |
| il | 0.282 |
|
| −0.190 | 0.307 |
| id | −0.249 | 0.484 | 0.581 | 0.467 | −0.343 |
| ras |
| 0.232 | 0.228 | 0.641 | 0.641 |
| opcr |
| 0.498 | 0.312 | 1.620 | 0.943 |
| nplr | −0.101 | −0.074 | 0.070 |
| 0.232 |
| siz | 0.249 |
| −10.574 | −0.717 | 0.223 |
| liqr | 0.200 | −0.097 | −0.239 | −0.095 | 0.117 |
| provr |
|
| −1.009 |
|
|
| smr | 1.248 | −1.850 | −1.850 | −1.030 | −1.002 |
| rgdp |
|
| −1.036 |
| −2.171 |
| infl | −0.360 |
| −0.451 |
| −0.364 |
| itbl | 0.325 |
|
| −0.452 | −0.257 |
| HHI_AS | 0.011 | 0.020 | 0.020 | 0.023 | 0.009 |