| LnLOAN | LTD | LA | |||
Listed | Non-listed | Listed | Non-listed | Listed | Non-listed | |
L1. | 0.0000 | 0.8022*** | 0.7188*** | 0.7951*** | 0.7855*** | 0.7105*** |
| (3.3805) | (0.2853) | (0.1776) | (0.1582) | (0.1790) | (0.1175) |
L2. | −0.1701 | −0.1062 | 0.0011 | 0.0133 | 0.0385 | −0.0051 |
| (3.0635) | (0.1478) | (0.166) | (0.1708) | (0.2326) | (0.1078) |
CAR | 0.0034 | −0.0056 | −0.1901 | −0.1088 | 0.0792 | −1.0800*** |
| (0.0472) | (0.0278) | (0.8159) | (0.0000) | (0.5497) | (0.4183) |
SIZE | 0.1451 | 0.2586* | 0.8149 | −0.9057 | 0.5885 | −3.4607 |
| (0.3095) | (0.1529) | (0.7526) | (2.1628) | (0.9722) | (1.8291) |
ROA | 0.0557 | 0.0221 | 2.6185 | −0.2613 | 3.9819 | −0.7389 |
| (0.0119) | (0.0009) | (0.1604) | (0.0849) | (0.0705) | (0.0416) |
LR | −0.0006 | −0.0006 | −0.0895 | −0.0207 | −0.0935 | −0.0235 |
| (0.2089) | (0.1428) | (3.8433) | (5.2225) | (3.1442) | (5.0764) |
CTI | 0.0020 | 0.0034 | 0.1928 | 0.1599 | 0.2562 | 0.0197 |
| (0.0181) | (0.003) | (0.131) | (0.0352) | (0.1207) | (0.0463) |
NIRR | −0.0003 | −0.0012 | −0.0120 | −0.1113 | 0.0655 | −0.1285*** |
| (0.0071) | (0.0134) | (0.2443) | (0.2866) | (0.1898) | (0.3715) |
EA | −0.2874 | 1.2084 | 125.2736 | 72.4289 | 48.7972 | 79.8303 |
| (0.0119) | (0.0009) | (0.1604) | (0.0849) | (0.0705) | (0.0416) |
LnEPU2 | −0.0121 | −0.0258*** | −1.4439 | −2.8313*** | −0.6240 | −1.8536 |
| (7.6491) | (2.4094) | (107.2363) | (72.9726) | (93.3176) | (59.2547) |
GGDP | −0.0575 | −0.0642 | −1.7784 | −3.4639 | −2.5296* | −4.0053*** |
| (0.1790) | (0.0099) | (1.3160) | (0.8153) | (0.8074) | (1.1318) |
CPI | 0.0339 | 0.0330 | 0.8138 | 1.4478 | 1.6279* | 1.6608** |
| (0.4187) | (0.0448) | (1.0949) | (2.7468) | (1.3911) | (1.2073) |
M2 | 0.0253 | 0.0204** | 0.5790* | 0.5193 | 0.9315*** | 0.7822** |
| (0.1441) | (0.0257) | (0.768) | (1.5707) | (0.9001) | (0.7560) |
_cons | −0.0984 | 0.7446 | 3.7877 | 50.9101 | −11.8998 | 105.1589** |
| (0.0676) | (0.0100) | (0.3514) | (0.7456) | (0.3403) | (0.3657) |
AR(2) | 0.7035 | 0.8343 | 0.3497 | 0.1713 | 0.7259 | 0.4697 |
Sargan | 1.0000 | 0.9218 | 1.0000 | 0.8792 | 1.0000 | 0.9222 |