Variables | Model 7 | Model 8 |
Frequency of merger | −0.052(0.344) | −0.052(0.345) |
Domestic merger | −0.087**(0.038) | −0.086**(0.045) |
Transaction Value | −0.014**(0.2) | −0.014**(0.209) |
Relative ratio | 0.00(0.186) | 0.00(0.187) |
ΔROA[t + 1, t + 36] | 22.678***(0.0001) | 22.661***(0.0001) |
ΔEfficiency[t + 1, t + 36] | 0.00(0.959) | 0.00(0.959) |
ΔLoan ratio[t + 1, t + 36] | 0.629(0.169) | 0.631(0.139) |
ΔRisk[t + 1, t + 36] | 0.163**(0.01) | 0.163**(0.01) |
ΔCapital ratio[t + 1, t + 36] | 0.02(0.185) | 0.02(0.185) |
ΔDeposit ratio[t + 1, t + 36] | 0.028(0.176) | 0.028(0.177) |
ΔAssets growth[t + 1, t + 36] | −0.043(0.771) | −0.043(0.771) |
Downturn | 0.004(0.952) | |
Intercept | 0.032(0.608) | 0.031(0.647) |
Observations | 355 | 355 |
Adj R-Squared | 0.1259 | 0.1233 |