| RISK substitute variable: NPL | RISK substitute variable: LLPR | RISK substitute variable: lnZ |
RISK(−1) | 0.110*** (6.58) | 0.136*** (8.50) | 0.431*** (27.49) |
DIS(−1) | −0.015*** (−4.59) | −0.012*** (−2.67) | 0.042*** (8.55) |
INS(−1) | −0.423*** (−2.65) | −1.036*** (−4.91) | 1.924*** (8.83) |
BCV | −0.020*** (−7.86) | −0.007** (−2.02) | 0.044*** (12.52) |
Cap | −0.126*** (−1.49) | −0.476*** (−4.30) | 0.919*** (8.00) |
Size | −0.126*** (−5.22) | −0.296*** (−9.18) | 0.582*** (17.72) |
DIS(−1)*INS(−1) | −0.009*** (−2.77) | −0.076** (−1.98) | 0.141*** (9.54) |
LDR | 1.430*** (10.15) | 1.946*** (10.49) | 0.363** (1.88) |
DAR | 2.043*** (19.59) | 3.521*** (25.50) | 0.840*** (5.90) |
IIR | −0.157*** (−6.706) | 0.256*** (8.22) | 0.114*** (3.57) |
GDPR | 0.036*** (4.23) | −0.002 (−0.19) | 0.058*** (4.95) |
Constant term | −0.250* (−1.56) | −0.980*** (−4.643) | −2.909*** (−12.18) |
Durbin-Watson | 1.993 | 2.053 | 2.148 |
Adjusted R2 | 0.317 | 0.559 | 0.533 |
Total number of panel observations | 3192 | 3192 | 3192 |