Variable | Stated-owned commercial banks | National shareholding commercial banks | Regional commercial banks | |||
(1) | (2) | (1) | (2) | (1) | (2) | |
Cap1 | Cap2 | Cap1 | Cap2 | Cap1 | Cap2 | |
Panel A: liquidity creation equation | ||||||
Cap | 1.0913 (0.7936) | 1.7403 (0.8350) | 0.1591** (2.0908) | 0.1771** (2.1055) | 0.2447* (2.9270) | 0.1052* (1.8137) |
Size | −3.0896* (−2.7798) | −6.2671* (−3.3377) | 2.8331 (0.9639) | 3.0589 (1.0321) | −11.1257* (−2.9370) | −10.4111** (−2.3876) |
Risk | −0.0927** (−2.5896) | −0.0696*** (−1.7684) | 0.1787 (1.1289) | 0.1711 (1.0837) | 0.2719* (2.7589) | 0.2953* (2.8546) |
M | 0.6207* (2.6567) | 0.6355** (2.5323) | 0.8761* (3.5250) | 0.8911* (3.5749) | 0.3270 (0.9013) | 0.3243 (0.9329) |
INDEX | 5.7367*** (1.7007) | 7.3652** (2.3562) | 15.7902* (3.0120) | 15.7222* (3.0068) | 9.3195 (1.2305) | 6.6506 (0.8653) |
Panel B: the level of capital equation | ||||||
LC | −0.0474 (−0.8911) | −0.0807 (−1.4118) | 0.1976*** (−1.6544) | 0.2354*** (−1.6606) | −0.1460*** (−1.7859) | −0.1386*** (−1.8863) |
ROEE | 0.0344 (1.6129) | 0.0209 (0.9430) | 0.0910 (0.4276) | −0.0390 (−0.1595) | −0.4199* (−6.3902) | −0.4779* (−7.7133) |
ROAA | 2.9502** (2.4093) | 1.9924*** (1.7673) | 3.0138* (3.0941) | 2.9845* (2.8160) | 7.0918* (6.3963) | 6.8246 (7.0240) |
Size | −0.1821 (−0.2292) | −0.1743 (−0.1312) | −0.5461 (−0.2826) | −0.4347 (−0.2140) | 0.0973 (0.1005) | −1.2020 (−1.2627) |
N | 50 | 50 | 59 | 59 | 103 | 100 |
R2 − 1 | 0.779 | 0.832 | 0.872 | 0.872 | 0.598 | 0.627 |
R2 − 2 | 0.835 | 0.534 | 0.801 | 0.809 | 0.662 | 0.725 |