Variable

DD

Idio Vol

(1)

(2)

(1)

(2)

Tier 1 Cap (−1)

2.242***

(0.491)

−0.198***

(0.0535)

Tier 1 Lev (−1)

3.853***

(1.145)

−0.167***

(0.0609)

LLPGL (−1)

−0.522***

(0.0605)

−0.562***

(0.0618)

0.0313***

(0.00834)

0.0377***

(0.00790)

COV (−1)

−0.0216

(0.0210)

−0.0227

(0.0196)

0.00344***

(0.00130)

0.00282***

(0.00105)

TEXASR (−1)

−3.287***

(1.087)

−3.428***

(0.931)

0.252***

(0.0758)

0.240***

(0.0699)

SIZE (−1)

−0.0254

(0.0401)

−0.0123

(0.0330)

−0.00194*

(0.00107)

−0.00268**

(0.00108)

LIQ (−1)

−1.076***

(0.132)

−1.146***

(0.145)

0.0310**

(0.0125)

0.0337***

(0.0108)

EFF (−1)

−0.263***

(0.0394)

−0.257***

(0.0368)

0.00303

(0.00902)

0.00849

(0.00697)

ΔGDP (−1)

0.0261

(0.0662)

0.0103

(0.0686)

−0.0420***

(0.0137)

−0.0414***

(0.0139)

EURIBOR (−1)

47.93***

(11.94)

46.47***

(12.76)

3.254

(2.550)

3.294

(2.643)

HHI (−1)

0.145

(0.204)

0.131

(0.198)

0.0141

(0.0149)

0.0124

(0.0134)

Time FE

Yes

Yes

Yes

Yes

Country FE

Yes

Yes

Yes

Yes

Cluster S.E. Bank

Yes

Yes

Yes

Yes

Observations

2622

2622

2620

2620