Table 6 Number of large size banks in subsidiary city

1–HHI

−0.008^c (0.003)

− 0.145^c (0.049)

1.382^b (0.578)

0.005^a (0.003)

0.2875^c (0.102)

−0.004 (0.003)

− 0.049 (0.046)

3.150^b (1.209)

0.010^a (0.006)

0.254^b (0.114)

Loan ratio

0.016^c (0.001)

0.053 (0.032)

0.226 (0.303)

0.030^c (0.002)

0.1615^b (0.062)

0.004 (0.004)

0.016 (0.092)

0.173 (1.438)

0.027^c (0.006)

0.581^c (0.174)

Asset ratio

−0.017 (0.011)

−0.265 (0.201)

−4.241 (2.786)

−0.013 (0.015)

−3.829^c (0.754)

− 0.074 (0.057)

−1.228 (0.968)

−1.249 (17.960)

− 0.151 (0.110)

0.451 (2.600)

Capital

0.009^c (0.002)

−0.331^b (0.137)

− 0.262 (0.942)

0.020^c (0.005)

− 0.4935^b (0.219)

0.004 (0.003)

− 0.309^c (0.114)

0.508 (0.515)

0.001 (0.003)

− 0.002 (0.054)

Asset quality

0.006 (0.040)

−2.352^b (0.887)

−3.284 (35.896)

−0.003 (0.196)

2.311^c (0.726)

−1.522 (2.073)

− 11.394 (34.576)

2686.574 (2239.584)

8.534 (6.386)

23.227 (35.106)

GDP

−0.219 (0.429)

1.520 (8.048)

− 128.827 (104.574)

0.230 (0.572)

−39.224 (38.386)

− 0.117 (0.216)

2.478 (5.024)

− 175.864 (150.104)

0.045 (0.447)

− 101.269^c (21.856)

Age

0.001^c (0.000)

0.006^b (0.002)

−0.519^c (0.078)

− 0.002^c (0.000)

0.057^c 0.008

0.001^b (0.000)

0.006 (0.005)

− 0.507^b (0.211)

− 0.003^c (0.001)

− 0.291^b (0.013)

Size

0.006 (0.004)

0.095 (0.062)

0.745 (0.885)

0.009^a (0.005)

0.943^c (0.274)

0.008 (0.007)

0.054 (0.159)

−0.486 (2.572)

0.007 (0.010)

1.963^c (0.412)

Constant

−0.005^c (0.001)

0.080^c (0.025)

9.031^c (1.139)

0.022^c (0.006)

−0.433^c (0.053)

− 0.001 (0.004)

0.049 (0.083)

7.330^b (2.972)

0.038^c (0.013)

0.775^c (0.018)

Year fixed effects

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Bank fixed effects

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

N

433

433

433

433

433

375

375

375

375

365

R²

0.809

0.672

0.520

0.799

0.97

0.705

0.633

0.572

0.615

0.983