Conclusion générale
...........................................................................80
Bibliographie
.....................................................................................82
Listes de
tableaux................................................................................88
Les Annexes
Statistique descriptive
|
|
CAPITAL
|
RISQUE
|
ROA
|
LIQUIDITE
|
TAILLE
|
PREG
|
|
Mean
|
0.082529
|
0.048396
|
0.007187
|
0.780207
|
22.15657
|
0.533333
|
|
Median
|
0.080068
|
0.045605
|
0.008244
|
0.740043
|
22.18983
|
1.000000
|
|
Maximum
|
0.174818
|
0.136056
|
0.080462
|
6.789728
|
22.90179
|
1.000000
|
|
Minimum
|
-0.016225
|
0.002539
|
-0.102750
|
0.000605
|
21.26270
|
0.000000
|
|
Std. Dev.
|
0.036138
|
0.029841
|
0.018628
|
0.651111
|
0.433997
|
0.501683
|
|
Skewness
|
0.339102
|
0.548137
|
-2.891032
|
8.857138
|
-0.284263
|
-0.133631
|
|
Kurtosis
|
4.693426
|
3.352504
|
22.55650
|
82.47825
|
2.209362
|
1.017857
|
|
|
|
|
|
|
|
|
|
Jarque-Bera
|
12.47870
|
4.972782
|
1559.584
|
24864.70
|
3.556233
|
15.00120
|
|
Probability
|
0.001951
|
0.083210
|
0.000000
|
0.000000
|
0.168956
|
0.000553
|
|
|
|
|
|
|
|
|
|
Sum
|
7.427642
|
4.355679
|
0.646830
|
70.21863
|
1994.091
|
48.00000
|
|
Sum Sq. Dev.
|
0.116228
|
0.079251
|
0.030884
|
37.73111
|
16.76346
|
22.40000
|
|
|
|
|
|
|
|
|
|
Observations
|
90
|
90
|
90
|
90
|
90
|
90
|
Matrice de corrélation
|
CAPITAL
|
RISQUE
|
TAILLE
|
REGU
|
ROA
|
LIQUIDITE
|
|
CAPITAL
|
1
|
0.0002995528245413064
|
0.535083130299968
|
0.6779788138913488
|
0.03345166374378985
|
0.2261697298012243
|
|
RISQUE
|
0.0002995528245413064
|
1
|
-0.649058445446474
|
0.06628450446616599
|
-0.4332055199565111
|
-0.7910893164069402
|
|
TAILLE
|
0.535083130299968
|
-0.649058445446474
|
1
|
0.2351753510857071
|
0.07485283814549441
|
0.7324800991317835
|
|
REGU
|
0.6779788138913488
|
0.06628450446616599
|
0.2351753510857071
|
1
|
0.196717159857015
|
0.0398546191439045
|
|
ROA
|
0.03345166374378985
|
-0.4332055199565111
|
0.07485283814549441
|
0.196717159857015
|
1
|
0.1183634740928553
|
|
LIQUIDITE
|
0.2261697298012243
|
-0.7910893164069402
|
0.7324800991317835
|
0.0398546191439045
|
0.1183634740928553
|
1
|
Méthode : Moindres Carrés
Ordinaires (MCO)
§ CAPITAL
|
Dependent Variable: CAPITAL
|
|
|
|
Method: Panel Least Squares
|
|
|
|
Date: 09/25/16 Time: 00:00
|
|
|
|
Sample: 1 90
|
|
|
|
|
Periods included: 10
|
|
|
|
Cross-sections included: 9
|
|
|
|
Total panel (balanced) observations: 90
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
C
|
-0.404630
|
0.062986
|
-6.424130
|
0.0000
|
|
REGU
|
0.013719
|
0.002179
|
6.297348
|
0.0000
|
|
ROA
|
0.914004
|
0.488352
|
1.871608
|
0.0647
|
|
LIQUIDITE
|
0.009252
|
0.006046
|
1.530228
|
0.1297
|
|
TAILLE
|
0.019803
|
0.002714
|
7.296591
|
0.0000
|
|
RISQUE
|
0.833533
|
0.172074
|
4.844049
|
0.0000
|
|
|
|
|
|
|
|
|
|
|
|
R-squared
|
0.715390
|
Mean dependent var
|
0.091227
|
|
Adjusted R-squared
|
0.698449
|
S.D. dependent var
|
0.009509
|
|
S.E. of regression
|
0.005222
|
Akaike info criterion
|
-7.607705
|
|
Sum squared resid
|
0.002290
|
Schwarz criterion
|
-7.441051
|
|
Log likelihood
|
348.3467
|
Hannan-Quinn criter.
|
-7.540500
|
|
F-statistic
|
42.22812
|
Durbin-Watson stat
|
2.060818
|
|
Prob(F-statistic)
|
0.000000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
§ RISQUE
|
Dependent Variable: RISQUE
|
|
|
|
Method: Panel Least Squares
|
|
|
|
Date: 09/25/16 Time: 00:02
|
|
|
|
Sample: 1 90
|
|
|
|
|
Periods included: 10
|
|
|
|
Cross-sections included: 9
|
|
|
|
Total panel (balanced) observations: 90
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
C
|
0.253786
|
0.033054
|
7.677854
|
0.0000
|
|
REGU
|
0.000632
|
0.001480
|
0.427041
|
0.6704
|
|
ROA
|
-1.675179
|
0.211348
|
-7.926149
|
0.0000
|
|
LIQUIDITE
|
-0.019960
|
0.002658
|
-7.509033
|
0.0000
|
|
TAILLE
|
-0.009536
|
0.001643
|
-5.803843
|
0.0000
|
|
CAPITAL
|
0.261956
|
0.054078
|
4.844049
|
0.0000
|
|
|
|
|
|
|
|
|
|
|
|
R-squared
|
0.843087
|
Mean dependent var
|
0.040955
|
|
Adjusted R-squared
|
0.833747
|
S.D. dependent var
|
0.007179
|
|
S.E. of regression
|
0.002927
|
Akaike info criterion
|
-8.765201
|
|
Sum squared resid
|
0.000720
|
Schwarz criterion
|
-8.598547
|
|
Log likelihood
|
400.4341
|
Hannan-Quinn criter.
|
-8.697997
|
|
F-statistic
|
90.26588
|
Durbin-Watson stat
|
1.640869
|
|
Prob(F-statistic)
|
0.000000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Test Hausman
§ CAPITAL
|
Correlated Random Effects - Hausman Test
|
|
|
Equation: Untitled
|
|
|
|
Test cross-section random effects
|
|
|
|
|
|
|
|
|
|
|
|
|
Test Summary
|
Chi-Sq. Statistic
|
Chi-Sq. d.f.
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
Cross-section random
|
0.000000
|
5
|
1.0000
|
|
|
|
|
|
|
|
|
|
|
|
* Cross-section test variance is invalid. Hausman statistic set
to zero.
|
|
** WARNING: estimated cross-section random effects variance is
zero.
|
|
|
|
|
|
|
|
|
|
|
§ RISQUE
|
Correlated Random Effects - Hausman Test
|
|
|
Equation: Untitled
|
|
|
|
Test cross-section random effects
|
|
|
|
|
|
|
|
|
|
|
|
|
Test Summary
|
Chi-Sq. Statistic
|
Chi-Sq. d.f.
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
Cross-section random
|
0.000000
|
5
|
1.0000
|
|
|
|
|
|
|
|
|
|
|
|
* Cross-section test variance is invalid. Hausman statistic set
to zero.
|
|
** WARNING: estimated cross-section random effects variance is
zero.
|
|
|
|
|
|
Méthode : Moindres Carrés
Ordinaires Regroupés (MCOR) (Pooled OLS)
§ CAPITAL
|
Dependent Variable: CAPITAL
|
|
|
|
Method: Pooled Least Squares
|
|
|
|
Date: 09/06/16 Time: 17:30
|
|
|
|
Sample: 1 90
|
|
|
|
|
Included observations: 90
|
|
|
|
Cross-sections included: 7
|
|
|
|
Total pool (balanced) observations: 630
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
C
|
-0.404630
|
0.023110
|
-17.50923
|
0.0000
|
|
REGU
|
0.013719
|
0.000799
|
17.16368
|
0.0000
|
|
ROA
|
0.914004
|
0.179176
|
5.101144
|
0.0000
|
|
LIQUIDITE
|
0.009252
|
0.002218
|
4.170699
|
0.0000
|
|
TAILLE
|
0.019803
|
0.000996
|
19.88716
|
0.0000
|
|
RISQUE
|
0.833533
|
0.063134
|
13.20265
|
0.0000
|
|
|
|
|
|
|
|
|
|
|
|
R-squared
|
0.715390
|
Mean dependent var
|
0.091227
|
|
Adjusted R-squared
|
0.713109
|
S.D. dependent var
|
0.009463
|
|
S.E. of regression
|
0.005069
|
Akaike info criterion
|
-7.721990
|
|
Sum squared resid
|
0.016032
|
Schwarz criterion
|
-7.679650
|
|
Log likelihood
|
2438.427
|
Hannan-Quinn criter.
|
-7.705544
|
|
F-statistic
|
313.6946
|
Durbin-Watson stat
|
1.906781
|
|
Prob(F-statistic)
|
0.000000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
§ RISQUE
|
Dependent Variable: RISQUE
|
|
|
|
Method: Pooled Least Squares
|
|
|
|
Date: 09/06/16 Time: 17:53
|
|
|
|
Sample: 1 90
|
|
|
|
|
Included observations: 90
|
|
|
|
Cross-sections included: 7
|
|
|
|
Total pool (balanced) observations: 630
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
ROA
|
-1.675179
|
0.077544
|
-21.60304
|
0.0000
|
|
LIQUIDITE
|
-0.019960
|
0.000975
|
-20.46618
|
0.0000
|
|
CAPITAL
|
0.261956
|
0.019841
|
13.20265
|
0.0000
|
|
TAILLE
|
-0.009536
|
0.000603
|
-15.81861
|
0.0000
|
|
REGU
|
0.000632
|
0.000543
|
1.163918
|
0.2449
|
|
C
|
0.253786
|
0.012128
|
20.92630
|
0.0000
|
|
|
|
|
|
|
|
|
|
|
|
R-squared
|
0.843087
|
Mean dependent var
|
0.040955
|
|
Adjusted R-squared
|
0.841830
|
S.D. dependent var
|
0.007145
|
|
S.E. of regression
|
0.002842
|
Akaike info criterion
|
-8.879487
|
|
Sum squared resid
|
0.005038
|
Schwarz criterion
|
-8.837147
|
|
Log likelihood
|
2803.038
|
Hannan-Quinn criter.
|
-8.863041
|
|
F-statistic
|
670.5465
|
Durbin-Watson stat
|
1.511988
|
|
Prob(F-statistic)
|
0.000000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Méthode : Moindres Carrés
Ordinaires à deuxième stage (MCO2)
§ CAPITAL
|
Dependent Variable: CAPITAL
|
|
|
|
Method: Panel Two-Stage Least Squares
|
|
|
Date: 09/07/16 Time: 01:48
|
|
|
|
Sample: 1 90
|
|
|
|
|
Periods included: 9
|
|
|
|
Cross-sections included: 9
|
|
|
|
Total panel (balanced) observations: 81
|
|
|
Instrument specification: C RISQUE(-1) LIQUIDITE TAILLE REGU
ROA
|
|
Constant added to instrument list
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
C
|
0.192682
|
0.035364
|
5.448503
|
0.0000
|
|
REGU
|
0.010609
|
0.000860
|
12.33424
|
0.0000
|
|
ROA
|
-0.131544
|
0.151850
|
-0.866277
|
0.3894
|
|
LIQUIDITE
|
0.131917
|
0.005581
|
23.63835
|
0.0000
|
|
TAILLE
|
-0.006943
|
0.001599
|
-4.342386
|
0.0000
|
|
RISQUE(-1)
|
-0.764351
|
0.049706
|
-15.37734
|
0.0000
|
|
|
|
|
|
|
|
|
|
|
|
Effects Specification
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cross-section fixed (dummy variables)
|
|
|
|
|
|
|
|
|
|
|
|
|
R-squared
|
0.968698
|
Mean dependent var
|
0.091157
|
|
Adjusted R-squared
|
0.962624
|
S.D. dependent var
|
0.010027
|
|
S.E. of regression
|
0.001938
|
Sum squared resid
|
0.000252
|
|
F-statistic
|
159.4953
|
Durbin-Watson stat
|
2.262927
|
|
Prob(F-statistic)
|
0.000000
|
Second-Stage SSR
|
0.000252
|
|
Instrument rank
|
14
|
|
|
|
|
|
|
|
|
|
|
|
|
|
§ RISQUE
|
Dependent Variable: RISQUE
|
|
|
|
Method: Panel Tow-stage Least Squares
|
|
|
|
Date: 09/06/16 Time: 17:56
|
|
|
|
Sample: 1 90
|
|
|
|
|
Periods included: 9
|
|
|
|
Cross-sections included: 9
|
|
|
|
Total panel (balanced) observations: 81
|
|
|
RISQUE= C(1) +C(2)*CAPITAL(-1)+C(3)*TAILLE
+C(4)*LIQUIDITE+C(5)
|
|
*ROA
+C(6)*REGU
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
C(1)
|
0.175767
|
0.025865
|
6.795490
|
0.0000
|
|
C(2)
|
-0.082373
|
0.057129
|
-1.441870
|
0.1535
|
|
C(3)
|
-0.005908
|
0.001324
|
-4.462781
|
0.0000
|
|
C(4)
|
0.030231
|
0.006275
|
4.817857
|
0.0000
|
|
C(5)
|
-1.638932
|
0.306702
|
-5.343723
|
0.0000
|
|
C(6)
|
0.001021
|
0.001115
|
0.915708
|
0.3628
|
|
|
|
|
|
|
|
|
|
|
|
R-squared
|
0.585526
|
Mean dependent var
|
0.038871
|
|
Adjusted R-squared
|
0.557894
|
S.D. dependent var
|
0.003655
|
|
S.E. of regression
|
0.002430
|
Akaike info criterion
|
-9.130509
|
|
Sum squared resid
|
0.000443
|
Schwarz criterion
|
-8.953142
|
|
Log likelihood
|
375.7856
|
Hannan-Quinn criter.
|
-9.059347
|
|
F-statistic
|
21.19043
|
Durbin-Watson stat
|
2.253855
|
|
Prob(F-statistic)
|
0.000000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Test-WALD
§ CAPITAL
|
Wald Test:
|
|
|
|
Equation: Untitled
|
|
|
|
|
|
|
|
|
|
|
Test Statistic
|
Value
|
df
|
Probability
|
|
|
|
|
|
|
|
|
|
t-statistic
|
13.04985
|
75
|
0.0000
|
|
F-statistic
|
170.2986
|
(1, 75)
|
0.0000
|
|
Chi-square
|
170.2986
|
1
|
0.0000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Null Hypothesis: C(6)=0
|
|
|
Null Hypothesis Summary:
|
|
|
|
|
|
|
|
|
|
|
Normalized Restriction (= 0)
|
Value
|
Std. Err.
|
|
|
|
|
|
|
|
|
|
C(6)
|
0.010609
|
0.000813
|
|
|
|
|
|
|
|
|
|
Restrictions are linear in coefficients.
|
§ RISQUE
|
Wald Test:
|
|
|
|
Equation: Untitled
|
|
|
|
|
|
|
|
|
|
|
Test Statistic
|
Value
|
Df
|
Probability
|
|
|
|
|
|
|
|
|
|
t-statistic
|
0.915708
|
75
|
0.3628
|
|
F-statistic
|
0.838522
|
(1, 75)
|
0.3628
|
|
Chi-square
|
0.838522
|
1
|
0.3598
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Null Hypothesis: C(6)=0
|
|
|
Null Hypothesis Summary:
|
|
|
|
|
|
|
|
|
|
|
Normalized Restriction (= 0)
|
Value
|
Std. Err.
|
|
|
|
|
|
|
|
|
|
C(6)
|
0.001021
|
0.001115
|
|
|
|
|
|
|
|
|
|
Restrictions are linear in coefficients.
|
Méthode : Effet Fixe
§ CAPITAL
|
Dependent Variable: CAPITAL
|
|
|
|
Method: Panel Least Squares
|
|
|
|
Date: 09/06/16 Time: 17:51
|
|
|
|
Sample: 1 90
|
|
|
|
|
Periods included: 9
|
|
|
|
Cross-sections included: 9
|
|
|
|
Total panel (balanced) observations: 81
|
|
|
CAPITAL= C(1)+ C(2)*RISQUE(-1)+ C(3)*ROA+C(4)*TAILLE+ C(5)
|
|
*LIQUIDITE+C(6)*REGU
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
C(1)
|
0.192682
|
0.035364
|
5.448503
|
0.0000
|
|
C(2)
|
-0.764351
|
0.049706
|
-15.37734
|
0.0000
|
|
C(3)
|
-0.131544
|
0.151850
|
-0.866277
|
0.3894
|
|
C(4)
|
-0.006943
|
0.001599
|
-4.342386
|
0.0000
|
|
C(5)
|
0.131917
|
0.005581
|
23.63835
|
0.0000
|
|
C(6)
|
0.010609
|
0.000860
|
12.33424
|
0.0000
|
|
|
|
|
|
|
|
|
|
|
|
Effects Specification
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cross-section fixed (dummy variables)
|
|
|
|
|
|
|
|
|
|
|
|
|
R-squared
|
0.968698
|
Mean dependent var
|
0.091157
|
|
Adjusted R-squared
|
0.962624
|
S.D. dependent var
|
0.010027
|
|
S.E. of regression
|
0.001938
|
Akaike info criterion
|
-9.497920
|
|
Sum squared resid
|
0.000252
|
Schwarz criterion
|
-9.084065
|
|
Log likelihood
|
398.6658
|
Hannan-Quinn criter.
|
-9.331876
|
|
F-statistic
|
159.4953
|
Durbin-Watson stat
|
2.262927
|
|
Prob(F-statistic)
|
0.000000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
§ RISQUE
|
Dependent Variable: RISQUE
|
|
|
|
Method: Panel Least Squares
|
|
|
|
Date: 09/06/16 Time: 17:58
|
|
|
|
Sample: 1 90
|
|
|
|
|
Periods included: 9
|
|
|
|
Cross-sections included: 9
|
|
|
|
Total panel (balanced) observations: 81
|
|
|
RISQUE= C(1) +C(2)*CAPITAL(-1)+C(3)*TAILLE
+C(4)*LIQUIDITE+C(5)
|
|
*ROA
+C(6)*REGU
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
C(1)
|
0.175767
|
0.027366
|
6.422846
|
0.0000
|
|
C(2)
|
-0.082373
|
0.060444
|
-1.362803
|
0.1775
|
|
C(3)
|
-0.005908
|
0.001401
|
-4.218056
|
0.0001
|
|
C(4)
|
0.030231
|
0.006639
|
4.553661
|
0.0000
|
|
C(5)
|
-1.638932
|
0.324497
|
-5.050690
|
0.0000
|
|
C(6)
|
0.001021
|
0.001179
|
0.865494
|
0.3899
|
|
|
|
|
|
|
|
|
|
|
|
Effects Specification
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cross-section fixed (dummy variables)
|
|
|
|
|
|
|
|
|
|
|
|
|
R-squared
|
0.585526
|
Mean dependent var
|
0.038871
|
|
Adjusted R-squared
|
0.505105
|
S.D. dependent var
|
0.003655
|
|
S.E. of regression
|
0.002571
|
Akaike info criterion
|
-8.932978
|
|
Sum squared resid
|
0.000443
|
Schwarz criterion
|
-8.519122
|
|
Log likelihood
|
375.7856
|
Hannan-Quinn criter.
|
-8.766933
|
|
F-statistic
|
7.280814
|
Durbin-Watson stat
|
2.253855
|
|
Prob(F-statistic)
|
0.000000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Méthode : Moindres Carrés
Ordinaires à troisième stage : (MCO3) SUR
§ CAPITAL
|
System: UNTITLED
|
|
|
|
Estimation Method: Three-Stage Least Squares
|
|
|
Date: 09/18/16 Time: 21:34
|
|
|
|
Sample: 1 90
|
|
|
|
|
Included observations: 90
|
|
|
|
Total system (balanced) observations 90
|
|
|
Linear estimation after one-step weighting matrix
|
|
|
|
|
|
|
|
|
|
|
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
C(1)
|
-0.404630
|
0.060850
|
-6.649606
|
0.0000
|
|
C(2)
|
0.019803
|
0.002622
|
7.552690
|
0.0000
|
|
C(3)
|
0.013719
|
0.002105
|
6.518375
|
0.0000
|
|
C(4)
|
0.914004
|
0.471793
|
1.937299
|
0.0561
|
|
C(5)
|
0.009252
|
0.005841
|
1.583937
|
0.1170
|
|
C(6)
|
0.833533
|
0.166239
|
5.014067
|
0.0000
|
|
|
|
|
|
|
|
|
|
|
|
Determinant residual covariance
|
2.54E-05
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equation: CAPITAL = C(1) + C(2)*TAILLE + C(3)*REGU + C(4)*ROA +
C(5)
|
|
*LIQUIDITE +
C(6)*RISQUE
|
|
|
Instruments: CAPITAL C TAILLE REGU ROA LIQUIDITE RISQUE
|
|
Observations: 90
|
|
|
|
R-squared
|
0.715390
|
Mean dependent var
|
0.091227
|
|
Adjusted R-squared
|
0.698449
|
S.D. dependent var
|
0.009509
|
|
S.E. of regression
|
0.005222
|
Sum squared resid
|
0.002290
|
|
Durbin-Watson stat
|
1.888621
|
|
|
|
|
|
|
|
|
|
|
|
|
|
§ RISQUE
|
System: UNTITLED
|
|
|
|
Estimation Method: Three-Stage Least Squares
|
|
|
Date: 09/18/16 Time: 21:36
|
|
|
|
Sample: 1 90
|
|
|
|
|
Included observations: 90
|
|
|
|
Total system (balanced) observations 90
|
|
|
Linear estimation after one-step weighting matrix
|
|
|
|
|
|
|
|
|
|
|
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
|
C(1)
|
0.253786
|
0.031934
|
7.947334
|
0.0000
|
|
C(2)
|
-0.009536
|
0.001587
|
-6.007548
|
0.0000
|
|
C(3)
|
0.000632
|
0.001430
|
0.442030
|
0.6596
|
|
C(4)
|
-1.675179
|
0.204182
|
-8.204344
|
0.0000
|
|
C(5)
|
-0.019960
|
0.002568
|
-7.772588
|
0.0000
|
|
C(6)
|
0.261956
|
0.052244
|
5.014067
|
0.0000
|
|
|
|
|
|
|
|
|
|
|
|
Determinant residual covariance
|
8.00E-06
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equation: RISQUE = C(1) + C(2)*TAILLE + C(3)*REGU + C(4)*ROA +
C(5)
|
|
*LIQUIDITE +
C(6)*CAPITAL
|
|
|
Instruments: RISQUE C TAILLE REGU ROA LIQUIDITE CAPITAL
|
|
Observations: 90
|
|
|
|
R-squared
|
0.843087
|
Mean dependent var
|
0.040955
|
|
Adjusted R-squared
|
0.833747
|
S.D. dependent var
|
0.007179
|
|
S.E. of regression
|
0.002927
|
Sum squared resid
|
0.000720
|
|
Durbin-Watson stat
|
1.497588
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 
