Original Sample (O)

P Values

Bank size (total assets log) -> ESG score

0.345

0.000

Bank size (total assets log) -> EPS

0.420

0.000

Bank size (total assets log) -> SPS

0.350

0.000

Bank size (total assets log) -> GPS

0.180

0.000

Board gender diversity score -> ESG score

0.164

0.000

Board gender diversity score -> GPS

0.230

0.000

Independent board member score -> ESG score

0.242

0.000

Independent board member score -> SPS

0.167

0.000

Independent board member score -> GPS

0.367

0.000

Capital adequacy tier one ratio (CAR) -> ROE

0.440

0.002

Capital to assets ratio (CTA) -> ROA

−0.347

0.549

Capital to assets ratio (CTA) -> ROE

0.247

0.435

Capital to assets ratio (CTA) -> Tobin’s Q

0.915

0.093

Loan loss provision (LLP) -> Tobin’s Q

−0.125

0.000

Non-performing loans (NPL) -> Tobin’s Q

0.118

0.009

Efficiency ratio (ER) -> ROA

−0.165

0.000

Efficiency ratio (ER) -> ROE

−0.203

0.012

Efficiency ratio (ER) -> Tobin’s Q

0.161

0.006

Net interest income (NII) -> ROA

−0.520

0.063

Net interest income (NII) -> ROE

0.252

0.433

Net interest income (NII) -> Tobin’s Q

0.669

0.044

Loans to deposits ratio (LDR) -> ROA

−0.179

0.617

Loans to deposits ratio (LDR) -> Tobin’s Q

−0.383

0.099

GDPG -> ROA

0.247

0.000

INFL -> ROA

0.221

0.000

AWGI -> Tobin’s Q

−0.191

0.000