Variables

Random Effects Model

Fixed Effects Model

ROA

ROE

MCR

−0.0011 (−0.05)

−1.1056*** (−2.83)

CAR

0.0109 (1.17)

0.4288** (1.84)

DCBP

0.0139 (0.78)

−0.4258 (1.38)

LCR

−0.0016* (−1.81)

0.0007 (0.05)

Obs.

450

450

Adjusted R²

0.2180

0.3130

F statistics

1.51**

BP L-M statistics

357.39***

Hausman Test:

Chi²-value

4.45

10.83**

Prob > chi²

0.4860

0.0548