Dependent Variable | NPL Ratio | |||
Fixed Effects | Random Effects | Fixed Effects | Random Effects | |
SND ratio (t − 1) | −0.342** | −0.345** | −0.340** | −0.343** |
(−8.511) | (−8.542) | (−8.275) | (−8.302) | |
ROA | −0.413** | −0.417** | −0.419** | −0.422** |
(−13.140) | (−13.316) | (−13.350) | (−13.542) | |
Cash ratio | 0.009 | 0.010 | 0.007 | 0.008 |
(1.447) | (1.688) | (1.166) | (1.393) | |
Capital ratio | 0.339** | 0.342** | 0.319** | 0.321** |
(9.436) | (9.452) | (8.270) | (8.280) | |
Deposit ratio | −0.006** | −0.006** | ||
(−2.656) | (−2.718) | |||
Market share | 0.001** | 0.001** | ||
(2.697) | (2.701) | |||
Observations | 1617 | 1617 | ||
F test (p-value) | 0.000 | 0.000 | ||
Hausman test (p-value) | 0.143 | 0.334 | ||
Adjusted R-squared | 0.238 | 0.246 |