Variables

Random effects Model

RWATA

NPLTL

LNZ-score

MCR

2.8541 (1.41)

9.5042** (1.75)

0.0356** (1.74)

CAR

−2.3013** (−2.39)

−2.1419 (−1.09)

−0.0115* (−1.86)

CBP

3.5336** (2.18)

1.1483 (0.25)

−0.0028 (−0.16)

LCR

0.1035 (1.26)

0.0003 (0.00)

−0.0026*** (−3.05)

P

39.6564*** (0.000)

11.200 (0.91)

0.0667 (1.47)

Obs.

450

450

450

Adjusted R²

0.2608

0.4890

0.4201

BP L-M statistics

606.41***

125.41***

38.81***

Hausman Test:

Chi²-value

5.57

4.96

10.44

Prob > chi²

0.4733

0.5496

0.1073