Variables | Model 9 | Model 10 |
Frequency of merger | 0.052(0.4) | 0.052(0.406) |
Domestic merger | −0.164**(0.013) | −0.17**(0.011) |
Transaction Value | −0.04***(0.001) | −0.041***(0.001) |
Relative ratio | 0.00(0.692) | 0.00(0.733) |
ΔROA[t + 1, t + 36] | 25.06***(0.0001) | 25.27***(0.0001) |
ΔEfficiency[t + 1, t + 36] | 0.00(0.831) | 0.00(0.831) |
ΔLoan ratio[t + 1, t + 36] | 1.31**(0.012) | 1.28**(0.015) |
ΔRisk[t + 1, t + 36] | 0.15***(0.004) | 0.15***(0.004) |
ΔCapital ratio[t + 1, t + 36] | 1.34*(0.053) | 1.33*(0.055) |
ΔDeposit ratio[t + 1, t + 36] | −0.066***(0.0001) | −0.067***(0.0001) |
ΔAssets growth[t + 1, t + 36] | 0.26(0.115) | 0.265(0.114) |
Downturn | −0.042(0.524) | |
Intercept | 1.23***(0.0001) | 1.24***(0.0001) |
Observations | 355 | 355 |
Adj R-Squared | 0.2626 | 0.2613 |