Dependent variable: ROA | (1) (FE) | (2) (FE) | (3) (FE) | (4) (FE) | (5) (FE) |
Cr | 0.767 | 0.520 | 0.784 | 0.390 | 0.599 |
| (0.756) | (0.745) | (0.659) | (0.713) | (0.648) |
Liquidity | 5.273*** | 5.402*** | 3.136*** | 5.852*** | 2.920*** |
| (0.957) | (0.939) | (0.883) | (0.906) | (0.872) |
Der | −0.720** | −0.749** | −0.615** | −0.767** | −0.399 |
| (0.327) | (0.319) | (0.284) | (0.306) | (0.282) |
OP | 33.61*** | 31.53*** | 24.28*** | 27.81*** | 28.94*** |
| (3.215) | (3.196) | (3.337) | (5.160) | (3.589) |
Rcp | −0.001 |
|
|
|
|
| (0.005) |
|
|
|
|
Icp |
| −0.416*** |
|
|
|
|
| (0.155) |
|
|
|
Pdp |
|
| 0.012*** |
|
|
|
|
| (0.002) |
|
|
Ccc |
|
|
| 0.001*** |
|
|
|
|
| (0.001) |
|
Constant | −0.154 | 0.831 | −4.773*** | 1.674 | 0.067 |
| (1.280) | (1.280) | (1.244) | (1.231) | (1.068) |
Observations | 204 | 204 | 204 | 204 | 204 |
R-squared | 0.204 | 0.234 | 0.392 | 0.296 | 0.413 |