Dependent Variable

Capital Ratio

Fixed Effects

Random Effects

SND ratio (t − 1)

0.979^**

0.978^**

(16.957)

(16.923)

Cash ratio

−0.030

−0.034^*

(−1.857)

(−2.110)

Loan-loss provision ratio

−0.149

−0.160

(−0.411)

(−0.439)

ROA

0.889^**

0.884^**

(3.929)

(3.855)

Cost of deposits ratio

0.026^**

0.027^**

(6.027)

(6.078)

NPL ratio

1.988

1.971

(1.702)

(1.691)

Observations

1617

F test (p-value)

0.000

Hausman test (p-value)

0.322

Adjusted R-squared

0.257