Variable

Z-Score

FE

OLS

(1)

(2)

(1)

(2)

Tier 1 Cap (−1)

4.688***

(1.815)

4.554**

(1.861)

Tier 1 Lev (−1)

13.44***

(2.522)

8.954***

(2.800)

LLPGL (−1)

−0.865***

(0.162)

−0.875***

(0.183)

−0.947***

(0.164)

−1.047***

(0.176)

COV (−1)

−0.160**

(0.0720)

−0.149**

(0.0622)

−0.184***

(0.0670)

−0.180***

(0.0577)

TEXASR (−1)

−12.05***

(3.620)

−11.96***

(3.145)

−10.75***

(3.507)

−9.758***

(3.294)

SIZE (−1)

−0.00523

(0.0593)

0.0399

(0.0666)

−0.0230

(0.0556)

0.00588

(0.0596)

LIQ (−1)

−0.666

(0.413)

−0.643

(0.429)

−0.746*

(0.417)

−0.728

(0.438)

EFF (−1)

−0.538***

(0.112)

−0.429***

(0.0919)

−0.644***

(0.121)

−0.607***

(0.114)

ΔGDP (−1)

−0.0258

(0.238)

−0.0597

(0.225)

−0.0161

(0.249)

−0.0319

(0.242)

EURIBOR (−1)

−7.260

(36.93)

−13.86

(37.06)

−3.590

(37.63)

−4.868

(37.64)

HHI (−1)

0.142

(0.555)

−0.00715

(0.543)

0.390

(0.524)

0.305

(0.499)

Time FE

Yes

Yes

Yes

Yes

Country FE

Yes

Yes

Yes

Yes

Cluster S.E. Bank

Yes

Yes

Yes

Yes

Observations

2545

2555

2545

2555