| Variables | Description |
| LnZ | Natural logarithm of Z-score |
| Shadow | The ratio of Redemptory Monetary Capital for Sale |
| LnNIM | Natural logarithm of net interest margin |
| LnSize | Natural logarithm of size |
| LnROA | Natural logarithm of return on total assets |
| LnDTL | Natural logarithmof the ratio of deposit-to-loan |
| LnCIR | Natural logarithm of the ratio of cost to income |
| LnGDP | Natural logarithm of GDP |
| Dum1 | Dum1 = 1, if it is a state-owned commercial bank;otherwise, Dum1 = 0 |
| Dum2 | Dum2 = 1, if it is an urban commercial bank;otherwise, Dum1 = 0 |