| RISK substitute variable: NPL | RISK substitute variable: LLPR | RISK substitute variable: lnZ |
RISK(−1) | 0.108*** (6.52) | 0.134*** (8.35) | 0.427*** (27.35) |
DIS(−1) | −0.017*** (−5.01) | −0.014*** (−3.05) | 0.043*** (8.86) |
INS(−1) | −0.379*** (−2.38) | −0.968*** (−4.58) | 2.003*** (9.23) |
BCV | −0.014*** (−4.73) | −0.005* (−1.33) | 0.036*** (9.21) |
Cap | −0.263*** (−2.41) | −0.631*** (−4.38) | 1.518*** (10.20) |
Size | −0.083*** (−2.63) | −0.189*** (−4.53) | 0.649*** (15.21) |
DIS(−1)*INS(−1) | −0.041*** (−2.48) | −0.044** (−2.03) | 0.229*** (10.19) |
BCV*DIS(−1)*INS(−1) | 0.002*** (5.23) | 0.001 (0.70) | −0.002*** (−2.82) |
CAP*DIS(−1)*INS(−1) | 0.022** (1.91) | 0.025* (1.63) | −0.098*** (−6.30) |
Size*DIS(−1)*INS(−1) | 0.011*** (3.17) | 0.017*** (3.77) | −0.011*** (−2.42) |
LDR | 1.382*** (9.82) | 1.979*** (10.65) | 0.427** (2.23) |
DAR | 1.946*** (17.93) | 3.399*** (23.63) | 0.661*** (4.48) |
IIR | 0.152*** (6.47) | 0.260*** (8.32) | 0.096*** (3.00) |
GDPR | 0.036*** (4.21) | 0.001 (0.01) | 0.667*** (5.72) |
Constant term | −0.240 (−1.467) | −1.104*** (−5.10) | −3.260*** (−14.48) |
Durbin-Watson | 1.989 | 2.059 | 2.158 |
Adjusted R2 | 0.324 | 0.561 | 0.540 |
Total number of panel observations | 3192 | 3192 | 3192 |