| (1) | (2) | (3) | (4) | (5) | (6) |
| buf | buf | buf | cbuf | cbuf | cbuf |
L.buf | 0.364** | 0.301* | 0.301* |
|
|
|
| (2.33) | (1.79) | (1.79) |
|
|
|
L.cbuf |
|
|
| 0.437*** | 0.356*** | 0.356*** |
|
|
|
| (2.69) | (4.07) | (4.07) |
GDPG | 0.130*** | 0.159*** | −0.0136 | 0.119** | 0.114** | 0.00478 |
| (2.79) | (2.70) | (−0.18) | (2.51) | (2.12) | (0.07) |
HHI | −6.490** | −6.025** | −6.025** | −8.183*** | −8.128*** | −8.128*** |
| (−2.46) | (−2.32) | (−2.32) | (−2.91) | (−3.22) | (−3.22) |
lnsize | 0.118 | −0.390 | −0.390 | 0.148 | −0.343 | −0.343 |
| (0.67) | (−1.32) | (−1.32) | (0.82) | (−1.54) | (−1.54) |
roa | 3.080** | 3.504*** | 3.504*** | 3.456** | 3.613*** | 3.613*** |
| (2.48) | (2.76) | (2.76) | (2.57) | (3.59) | (3.59) |
npl | −0.186*** | −0.222*** | −0.222*** | −0.143 | −0.320** | −0.320** |
| (−2.68) | (−2.86) | (−2.86) | (−0.91) | (−1.99) | (−1.99) |
STATE |
| 4.351*** |
|
| 3.379*** |
|
|
| (3.48) |
|
| (2.71) |
|
STATE_GDPG |
| −0.173* |
|
| −0.137 |
|
|
| (−1.90) |
|
| (−1.46) |
|
STOCK |
|
| −4.351*** |
|
| −3.379*** |
|
|
| (−3.48) |
|
| (−2.71) |
STOCK_GDPG |
|
| 0.173* |
|
| 0.109 |
|
|
| (1.90) |
|
| (1.23) |
_cons | −1.544 | 2.119 | 6.470** | −3.474** | 0.968 | 4.347 |
| (−1.02) | (0.81) | (2.17) | (−2.20) | (0.43) | (1.64) |
AR(2) | 0.158 | 0.176 | 0.176 | 0.200 | 0.246 | 0.246 |
SARGAN | 0.317 | 0.252 | 0.252 | 0.693 | 0.530 | 0.530 |