| Model8 | Model8 | Model9 | Model10 | ||||
| Variable substitution | Endogeneity test | ||||||
| ROA | Sat | ROA | Sat | ROA | |||
| All | non-state-owned commercial Banks | state-owned commercial Banks | All | All | All | All | |
PP |
|
|
|
| 0.0202** (2.57) | 9.0731*** (3.89) |
| |
PP2 | 0.0004 (1.29) | 0.0003 (0.65) | 0.0009** (2.42) | 0.5769*** (3.97) |
|
|
| |
Sat |
|
|
|
|
|
| 0.0007*** (3.00) | |
NPL | −0.085*** (−2.77) | −0.172*** (−3.35) | −0.0409 (−0.99) | −13.9939* (−1.69) | −0.238*** (−9.16) | −18.848* (−1.95) | −0.2116*** (−8.82) | |
Size | 0.0004 (0.54) | −0.0033** (−2.52) | −0.0032* (−2.32) | −0.0039 (−0.13) | 0.0005*** (4.66) | 0.0035 (0.11) | 0.0005*** (4.7) | |