Dependent variable | State-owned | Non-state-owned | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
(1) ROA | (2) ROE | (3) NPL ratio | (4) Cost | (5) Market share | (6) ROA | (7) ROE | (8) NPL ratio | (9) Cost | (10) Market share | |
1–HHI | − 0.003 (0.003) | − 0.059 (0.045) | 2.635b (1.087) | 0.007 (0.005) | 0.383c (0.110) | − 0.006b (0.002) | − 0.060a (0.034) | 2.831c (0.955) | 0.012b (0.004) | 0.428c (0.115) |
Loan ratio | 0.015c (0.001) | 0.027b (0.013) | 0.208 (0.315) | 0.031c (0.002) | 0.130a (0.068) | 0.006 (0.006) | −0.024 (0.076) | 2.581 (1.609) | 0.031c (0.009) | 0.567a (0.281) |
Asset ratio | −0.093 (0.060) | −1.434 (0.876) | − 19.731 (18.082) | − 0.127 (0.085) | −1.130 (2.053) | − 0.144c (0.028) | −3.313c (0.326) | − 14.832a (8.733) | − 0.036 (0.047) | − 2.632b (1.186) |
Capital | 0.008b (0.004) | − 0.220c (0.036) | − 0.131 (0.821) | 0.013a (0.007) | − 0.156 (0.116) | − 0.001 (0.009) | − 0.910c (0.150) | −5.499a (2.792) | − 0.005 (0.015) | − 1.198c (0.300) |
Asset quality | 0.024 (0.038) | −2.114b (0.978) | −3.382 (10.118) | − 0.006 (0.064) | 1.527a (0.904) | 0.083c (0.022) | 0.241 (0.321) | 3.451 (12.013) | 0.051 (0.041) | 1.014 (0.848) |
GDP | −0.469 (0.426) | −9.132 (6.666) | − 153.524 (242.428) | − 0.793 (1.055) | −91.503b (35.007) | 0.080 (0.209) | 7.948c (2.783) | − 299.673c (97.029) | − 0.133 (0.328) | −54.625a (28.066) |
Age | 0.001c (0.001) | 0.003 (0.002) | −0.602c (0.064) | − 0.002c (0.000) | 0.054c (0.005) | − 0.015c (0.003) | − 0.366c (0.035) | −1.673a (0.979) | − 0.005 (0.005) | 0.252 (0.248) |
Size | 0.006 (0.006) | 0.139a (0.072) | 1.982 (1.476) | 0.022b (0.008) | 1.358c (0.295) | −0.001 (0.002) | −0.065a (0.033) | 0.880 (0.749) | 0.007a (0.003) | 1.248b (0.580) |
Constant | −0.004c (0.001) | 0.088c (0.014) | 10.271c (0.468) | 0.027c (0.003) | −0.500c (0.054) | 0.225c (0.045) | 5.613c (0.532) | 24.983a (14.302) | 0.069 (0.075) | −3.357 (3.744) |
Year fixed effects | 489 | 489 | 489 | 489 | 489 | 319 | 319 | 319 | 319 | 319 |
Bank fixed effects | 0.738 | 0.568 | 0.504 | 0.633 | 0.975 | 0.694 | 0.714 | 0.453 | 0.691 | 0.968 |
N | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
R2 | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |