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
|
- Notes. Standard errors are robust and reported in parentheses. a, b, and c indicate significance at 10%, 5%, and 1% levels, respectively. Robust standard errors in parentheses