Dependent Variable

Overhead-Cost Ratio

Fixed Effects

Random Effects

SND ratio (t − 1)

−0.097**

−0.098**

(−3.899)

(−3.957)

Cash ratio

0.063**

0.066**

(7.835)

(8.206)

Non-interest-income ratio

0.024**

0.024**

(13.407)

(13.544)

Market share

0.0003

0.0003

(0.469)

(0.509)

NPL ratio

0.282*

0.306**

(2.473)

(2.778)

Capital ratio

0.183**

0.190**

(3.804)

(3.939)

Asset size

−0.001**

−0.001**

(−4.188)

(−4.270)

Observations

1614

F test (p-value)

0.000

Hausman test (p-value)

0.430

Adjusted R-squared

0.204