(a)

Variables

NDefault

LDefault

HDefault

Default

FinTech

0.3563***

−0.2499**

−0.0716***

−0.0347***

(0.121)

(0.102)

(0.023)

(0.010)

Constant

23.0458**

62.2396***

9.8876***

4.8269***

(10.202)

(8.604)

(1.895)

(0.853)

Bank FE

YES

YES

YES

YES

Observations

35

35

35

35

R-squared

0.229

0.170

0.258

0.287

(b)

Variables

NDefault

LDefault

HDefault

Default

FinTech

0.3639**

−0.2669*

−0.0597*

−0.0357***

(0.160)

(0.142)

(0.031)

(0.011)

GDPG

−2.9996*

2.6105*

0.2529

0.1192

(1.610)

(1.430)

(0.312)

(0.112)

SF

1.8463

−1.5892

−0.1916

−0.0676

(1.246)

(1.106)

(0.244)

(0.088)

NIM

−7.9763

2.9723

3.0528

1.8661*

(13.590)

(12.067)

(2.650)

(0.952)

CT1CAR

2.7601

−2.3243

−0.5328

0.1714

(2.821)

(2.505)

(0.525)

(0.189)

NPL

8.5815

−8.0597

(6.120)

(5.434)

Constant

−12.6517

101.8250**

10.0488

−0.7388

(49.503)

(43.953)

(9.033)

(3.246)

Bank FE

YES

YES

YES

YES

Observations

28

28

28

28

R-squared

0.548

0.472

0.601

0.801