Variables | (I) | (ii) | (iii) | (iv) |
---|---|---|---|---|
gdp | −4.0962a*** | −3.6539a*** | −4.1117a*** | −3.9382a*** |
(−10.06) | (−8.01) | (−9.33) | (−8.73) | |
crisis | 0.0488a*** | 0.0481a*** | 0.0428a*** | 0.0434a*** |
(4.28) | (4.26) | (3.61) | (3.72) | |
car | −0.6463b** | −0.6866a** | −0.7341b** | −0.7322a*** |
(−2.68) | (−2.79) | (−2.43) | (−2.77) | |
dtl | 0.1629a*** | 0.1673a*** | 0.1786a*** | 0.1733a*** |
(5.32) | (5.22) | (4.99) | (4.90) | |
size | −0.1242a*** | −0.1229a*** | −0.1388a*** | −0.1366a*** |
(−6.30) | (−6.38) | (−6.13) | (−7.37) | |
roa | 9.0760b** | 8.8865b** | 7.1814c** | 6.5943c** |
(2.37) | (2.26) | (1.84) | (1.74) | |
res_r | −1.5158a*** | −1.5330a*** | −1.5710a*** | −1.5168a*** |
(−4.95) | (−4.75) | (−4.73) | (−4.69) | |
fshare | 0.3347a*** | 0.2289 | ||
(2.90) | (1.66) | |||
state | 0.1218a*** | 0.1292a*** | ||
(3.04) | (3.26) | |||
fsharecgdp | −1.6071b** | −0.2045 | ||
(−2.06) | (−0.22) | |||
statecgdp | −1.2404a*** | −1.4489a*** | ||
(−2.84) | (−3.21) | |||
R-squ (within) | 0.4659 | 0.4758 | 0.4887 | 0.5058 |
Observations | 241 | 238 | 237 | 237 |
No of Banks | 33 | 33 | 33 | 33 |
Hausman Test p-value | 0.0000 | 0.0000 | 0.0000 | 0.0000 |