| LnLOAN | LTD | LA | |||
Full sample | Non-state-owned | Full sample | Non-state-owned | Full sample | Non-state-owned | |
L1. | 0.6639*** | 0.6449*** | 0.7257*** | 0.7417*** | 0.7393*** | 0.6930*** |
| (0.0398) | (0.0384) | (0.0492) | (0.0467) | (0.0378) | (0.0396) |
CAR | −0.0051 | −0.0057 | −0.2951 | −0.2346 | −0.8270*** | −0.8614*** |
| (0.0036) | (0.0052) | (0.2063) | (0.2935) | (0.1633) | (0.1745) |
SIZE | 0.3302*** | 0.3332*** | 0.8127 | 0.0632 | −0.7253 | −2.2232*** |
| (0.0402) | (0.0291) | (0.6109) | (1.1086) | (0.4877) | (0.6445) |
ROA | 0.0648*** | 0.0497* | 1.4527 | 0.4147 | 2.0994 | 0.5526 |
| (0.0236) | (0.0269) | (1.6982) | (1.5495) | (1.3791) | (1.2972) |
LR | −0.0010* | −0.0012** | −0.0512 | −0.0537* | −0.0859*** | −0.0860*** |
| (0.0005) | (0.0006) | (0.0342) | (0.0322) | (0.0254) | (0.0288) |
CTI | 0.0074*** | 0.0065*** | 0.2030** | 0.1572 | 0.1010 | 0.0402 |
| (0.0012) | (0.0012) | (0.1011) | (0.1076) | (0.0855) | (0.0804) |
NIRR | −0.0011** | −0.0013*** | −0.0686** | −0.0834*** | −0.1034*** | −0.1168*** |
| (0.0005) | (0.0004) | (0.0271) | (0.0258) | (0.0205) | (0.0198) |
EA | 1.5539*** | 1.5390* | 104.9440*** | 92.0666** | 121.9256*** | 116.9500*** |
| (0.5917) | (0.8514) | (32.5081) | (44.5923) | (29.4358) | (30.3013) |
LnEPU2 | −0.0163** | −0.0170 | −2.6818*** | −2.7305** | −1.3124** | −1.3615** |
| (0.0081) | (0.0141) | (0.7302) | (1.0877) | (0.5695) | (0.5381) |
GGDP | −0.0305*** | −0.0342*** | −3.1958*** | −3.3901*** | −3.1851*** | −3.1476*** |
| (0.0096) | (0.0105) | (0.8410) | (0.8171) | (0.6986) | (0.6797) |
CPI | 0.0155*** | 0.0166*** | 1.4321*** | 1.5019*** | 1.3948*** | 1.2533*** |
| (0.0059) | (0.0058) | (0.4517) | (0.4914) | (0.3631) | (0.3778) |
M2 | 0.0152*** | 0.0155*** | 0.7285*** | 0.7020*** | 0.8544*** | 0.7623*** |
| (0.0029) | (0.0032) | (0.2027) | (0.2313) | (0.1649) | (0.1766) |
_cons | −0.2729 | 0.0559 | 20.1476 | 36.6787* | 41.6753*** | 74.1097*** |
| (0.1772) | (0.2695) | (12.6030) | (20.3434) | (12.0500) | (14.8256) |
AR(2) | 0.3017 | 0.3270 | 0.0394 | 0.0521 | 0.3238 | 0.3385 |
Sargan | 0.4526 | 0.5708 | 0.3892 | 0.5379 | 0.4164 | 0.5882 |