Table 6 Results of correlation test at each stage.

From: Bank efficiency estimation considering enterprise risk: entropy meta two parallel three-stage dynamic DDF model

  

Enterprise risk stage

Operation stage

Sustainability stage

Market stage

Enterprise risk stage

Pearson Correlation

Sig. (bobtail)

1.000

−0.160a (0.020)

0.006 (0.930)

−0.093 (0.177)

Operation stage

Pearson Correlation

Sig. (bobtail)

 

1.000

0.120 (0.082)

0.134 (0.052)

Sustainability stage

Pearson Correlation

Sig. (bobtail)

  

1.000

0.430b (0.000)

Market stage

Pearson Correlation

   

1.000

Enterprise risk lagged one period

Enterprise risk stage

Pearson Correlation

Sig. (bobtail)

1.000

−0.250b (0.001)

−0.095 (0.221)

−0.083 (0.282)

Operation stage

Pearson Correlation

Sig. (bobtail)

 

1.000

0.117 (0.131)

0.131 (0.091)

Sustainability stage

Pearson Correlation

Sig. (bobtail)

  

1.000

0.429b (0.000)

Market stage

Pearson Correlation

   

1.000

  1. aIndicates a significant correlation at the 0.05 level (two-tailed).
  2. bIndicates a significant correlation at the 0.01 level (two-tailed).