(1)

(2)

(3)

(4)

(5)

(6)

buf

buf

buf

cbuf

cbuf

cbuf

L.buf

0.562***

0.381**

0.368**

(3.51)

(2.56)

(2.50)

L.cbuf

0.518***

0.432***

0.437***

(3.48)

(2.74)

(2.83)

GDPG

0.176***

0.240***

0.173***

0.145***

0.198**

0.183***

(3.96)

(3.16)

(3.49)

(3.44)

(2.52)

(3.66)

HHI

−4.280*

−1.899

−1.372

−5.255**

−4.798

−1.532

(−1.79)

(−0.57)

(−0.45)

(−2.18)

(−1.30)

(−0.49)

GDPG*HHI

−3.036***

−2.935***

(−5.90)

(−6.18)

lnsize

0.100

0.259

0.0910

0.0335

0.274

0.0867

(0.62)

(1.29)

(0.47)

(0.22)

(1.29)

(0.43)

roa

1.152

3.696***

2.761**

2.433*

4.074***

2.805**

(0.89)

(3.26)

(2.28)

(1.94)

(3.24)

(2.12)

npl

−0.169***

−0.246***

−0.162**

−0.132

−0.182

−0.207

(−2.61)

(−3.49)

(−2.23)

(−0.95)

(−1.16)

(−1.34)

H

0.556

0.189

(0.57)

(0.18)

L

2.519**

3.370***

(2.41)

(3.09)

GDPG*HHI*H

−0.535*

−0.386

(−1.88)

(−1.30)

GDPG*HHI*L

−0.676**

−0.988***

(−2.23)

(−3.16)

_cons

−1.746

−5.179**

−3.015

−2.984**

−6.310***

−4.784**

(−1.24)

(−2.19)

(−1.56)

(−2.15)

(−2.60)

(−2.56)

AR(2)

0.305

0.149

0.268

0.252

0.184

0.329

SARGAN

0.740

0.379

0.588

0.142

0.652

0.242