|
Variable
|
Diversified banks
|
Non-diversified banks
|
Difference in mean
|
Difference in median
|
|---|
|
N
|
Mean
|
Std.
|
Median
|
N
|
Mean
|
Std.
|
Median
|
t-stat
|
Wilcoxon z-value
|
|---|
|
ROA
|
650
|
0.010
|
0.010
|
0.010
|
256
|
0.010
|
0.030
|
0.010
|
0.010
|
1.764
|
|
ROE
|
651
|
0.160
|
0.090
|
0.150
|
257
|
0.260
|
1.200
|
0.140
|
0.107b
|
1.221
|
|
NPL ratio
|
654
|
1.220
|
1
|
1.030
|
261
|
2.310
|
2.640
|
1.670
|
1.086c
|
38.990c
|
|
Cost
|
649
|
0.020
|
0.010
|
0.020
|
229
|
0.020
|
0.010
|
0.020
|
0.004c
|
31.482c
|
|
1–HHI
|
655
|
0.350
|
0.230
|
0.320
|
276
|
0
|
0
|
0
|
−0.348c
|
391.457c
|
|
Equity
|
655
|
8.490
|
0.900
|
8.510
|
265
|
7.080
|
0.890
|
7.110
|
−1.401c
|
245.006c
|
|
Capital
|
639
|
13.620
|
3.570
|
12.990
|
255
|
71.660
|
942.50
|
11.570
|
58.040
|
39.640c
|
|
NPL
|
654
|
7.930
|
1.470
|
8.150
|
262
|
6.960
|
2.010
|
7.220
|
−0.968c
|
45.247c
|
|
Loan ratio
|
652
|
0.450
|
0.170
|
0.440
|
259
|
0.500
|
0.130
|
0.530
|
0.053c
|
43.005c
|
|
Asset quality
|
644
|
0.040
|
0.190
|
0.0300
|
252
|
0.050
|
0.220
|
0.030
|
0.010
|
3.732a
|
|
NII
|
647
|
2.540
|
1.250
|
2.560
|
224
|
1.48
|
1.09
|
1.32
|
−1.053c
|
101.166c
|
|
Fixed asset
|
646
|
6.211
|
1.150
|
6.260
|
224
|
4.580
|
1.670
|
5.00
|
−1.626c
|
142.587c
|
|
Size
|
654
|
10.730
|
12.090
|
6.840
|
265
|
7.130
|
55.35
|
1.850
|
− 3.607
|
205.188c
|
|
Age
|
657
|
12.230
|
4.690
|
13
|
276
|
8.390
|
4.370
|
9
|
− 3.842c
|
127.966c
|
|
No. of branches
|
657
|
76.450
|
52.420
|
65
|
276
|
40.68
|
25.460
|
35
|
− 35.762c
|
97.391c
|
|
No. of cities
|
657
|
3.260
|
2.840
|
3
|
276
|
0.01
|
0.12
|
0
|
−3.241c
|
327.907c
|
|
No. of branches in other cities
|
657
|
21.650
|
30.220
|
10
|
276
|
0.360
|
3.130
|
0
|
−21.291c
|
359.093c
|
- Notes. The full sample range from 2006 to 2016. A bank is defined as diversified if it has subsidiaries in more than one city. The sample is divided according to the bank–year observations; a bank can be diversified in one year and non-diversified in another year. Thus, appearing in both groups. All variables defined in the Appendix. a, b, and c denote statistical significance at 10%, 5% and 1% levels, respectively. The original amount of equity, NPL, fixed asset, and non-interest income is reported instead of log form (in units of million yuan)
