Variables

ROA

ROE

NIM

Lag_t−1

0.00404

0.0953***

0.177***

(0.0107)

(0.0193)

(0.0186)

FDEV

−1.502***

−11.26***

−1.492***

(0.0854)

(1.956)

(0.272)

INSQ

0.143***

1.311***

0.172***

(0.0436)

(0.469)

(0.0414)

STAB

0.235***

1.643***

0.113***

(0.0479)

(0.203)

(0.0265)

FOP

0.104

−5.988**

1.043***

(0.208)

(2.392)

(0.237)

COMP

4.701***

−0.614

−1.299***

(0.231)

(3.107)

(0.238)

Constant

−0.0564

−6.324

4.679***

(0.498)

(4.097)

(0.284)

Diagnostics

Wald χ²

1109.190

1529.920

757.050

Pro. (Wald χ²)

0.000

0.000

0.000

Sargan test

28.950

26.713

26.587

Prob. Sargan test

1.000

1.000

1.000

AR(2)

−2.049

−1.388

0.081

Prob. AR(2)

0.041

0.165

0.935

Observations

381

381

381

Number of Countries

33

33

33