| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
Dep. Var. = NIM | OLS | FE | RE | GMM | Q(0.1) | Q(0.25) | Q(0.5) | Q(0.75) | Q(0.9) |
LAGNIM |
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| 0.7019*** |
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|
|
|
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| (8.5027) |
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|
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| |
FEMALE | −0.0029* | −0.0009 | −0.0011 | 0.0124** | −0.1315 | −0.0051** | 3.4371*** | 1.6310** | 6.1741*** |
(−1.8512) | (−0.5826) | (−0.8039) | (2.5016) | (−0.0176) | (−1.9770) | (50.4664) | (2.4327) | (33.6798) | |
LNBSIZE | 0.0015** | 0.0006 | 0.0007 | −0.0016 | 5.6358 | 0.0034* | 0.2751*** | 5.1528 | −0.0029 |
(2.1063) | (0.8598) | (1.1273) | (−1.0388) | (0.5764) | (1.8040) | (3.7342) | (1.6439) | (−0.0273) | |
IND | 0.0051*** | 0.0013 | 0.0014 | −0.0146*** | 20.9562 | 0.0021 | 0.0230 | −0.8673 | −0.0025 |
(2.8934) | (0.9471) | (1.1029) | (−2.7965) | (1.1932) | (0.4295) | (0.1734) | (−0.6585) | (−0.0122) | |
LNBMEET | −0.0013*** | −0.0009*** | −0.0009*** | −0.0054*** | −8.2625* | −0.0005 | −0.0006 | 0.2563 | 0.0451 |
(−3.0552) | (−2.6317) | (−2.9921) | (−2.8721) | (−1.7966) | (−0.4309) | (−0.0189) | (0.7782) | (0.8284) | |
DUAL | 0.0006* | 0.0002 | 0.0002 | −0.0003 | 11.8697** | 0.0012 | 0.0016 | 2.0933* | −0.0001 |
(1.7635) | (0.5892) | (0.6878) | (−0.2683) | (2.0709) | (1.2619) | (0.0617) | (1.7096) | (−0.0035) | |
LOANS | 0.0126*** | 0.0253*** | 0.0227*** | 0.0161** | −8.2150 | 0.0082* | 0.0139 | −0.2204 | 0.0058 |
(6.4275) | (14.3725) | (14.6117) | (2.5467) | (−0.6247) | (1.8962) | (0.1082) | (−0.1923) | (0.0336) | |
LEV | −0.0001 | −0.0109*** | −0.0068* | 0.0216 | −20.5847 | −0.0793*** | −0.0627 | −0.0381 | −0.0589 |
(−0.0214) | (−2.7535) | (−1.9473) | (1.3797) | (−0.3523) | (−4.0615) | (−0.1207) | (−0.0070) | (−0.0614) | |
TQ | 0.0103** | 0.0085*** | 0.0104*** | −0.0033 | −5.1112 | −0.0459*** | −0.0330 | −0.0039 | −0.0171 |
(2.1882) | (3.2713) | (4.3116) | (−0.3338) | (−0.2312) | (−4.2447) | (−0.1641) | (−0.0015) | (−0.0613) | |
LNSIZE | −0.0008*** | −0.0012** | −0.0008*** | −0.0005 | 10.9955** | −0.0002 | −0.0024 | 1.6286 | −0.0002 |
(−5.4140) | (−2.4308) | (−3.2434) | (−1.6389) | (2.4918) | (−0.5062) | (−0.1815) | (1.6263) | (−0.0066) | |
LNAGE | −0.0007*** | 0.0014 | 0.0002 | −0.0003 | 23.6644** | 0.0004 | 0.0008 | 0.1632 | −0.0019 |
(−2.6901) | (1.2681) | (0.3667) | (−0.6410) | (2.4032) | (0.6054) | (0.0351) | (0.8421) | (−0.0609) | |
CONSTANT | 0.0316*** | 0.0307*** | 0.0241*** | 0.0389** | −368.3779** | 0.0697*** | −1.1717** | −48.3728* | −0.4805 |
(3.9375) | (2.6286) | (4.0483) | (2.4079) | (−2.3116) | (4.4022) | (−2.4687) | (−1.6461) | (−0.5710) | |
Observations | 1581 | 1581 | 1581 | 1284 | 1581 | 1581 | 1581 | 1581 | 1581 |
R-squared | 0.1752 | 0.4324 | 0.4299 |
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Number of banks |
| 299 | 299 | 297 |
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Number of instruments |
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| 56 |
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Year dummies |
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| Yes |
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Hausman test (p-value) |
| 0.0708 | 0.0708 |
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AR(1) test (p-value) |
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| 0.000 |
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AR(2) test (p-value) |
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| 0.940 |
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Hansen test (p-value) |
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| 0.194 |
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