Variable

Z-Score

(1)

(2)

(1)

(2)

Small Banks

Big Banks

Small Banks

Big Banks

Tier 1 Cap (−1)

8.668***

(2.856)

0.992

(2.330)

Tier 1 Lev (−1)

8.670***

(3.257)

9.411

(5.737)

LLPGL (−1)

−0.924***

(0.186)

−0.806**

(0.362)

−1.010***

(0.201)

−0.858**

(0.385)

COV (−1)

−0.229***

(0.0808)

−0.101

(0.129)

−0.225***

(0.0742)

−0.0886

(0.120)

TEXASR (−1)

−11.44***

(3.870)

−3.277

(12.66)

−10.61***

(3.587)

−0.657

(12.64)

SIZE (−1)

0.00346

(0.109)

0.0822

(0.127)

0.0455

(0.116)

0.124

(0.125)

LIQ (−1)

−1.170**

(0.534)

0.107

(0.656)

−0.833

(0.615)

0.0646

(0.582)

EFF (−1)

−0.713***

(0.206)

−0.490***

(0.132)

−0.661***

(0.196)

−0.477***

(0.121)

ΔGDP (−1)

0.176

(0.365)

−0.312

(0.316)

0.191

(0.348)

−0.320

(0.321)

EURIBOR (−1)

11.84

(51.36)

−14.36

(64.74)

16.14

(47.85)

−15.22

(67.01)

HHI (−1)

1.665

(1.498)

0.0336

(0.549)

1.034

(1.549)

0.0622

(0.533)

Time FE

Yes

Yes

Yes

Yes

Country FE

Yes

Yes

Yes

Yes

Cluster S.E. Bank

Yes

Yes

Yes

Yes

Observations

1353

1193

1361

1194