Table 7 Ownership of city commercial bank

1–HHI

− 0.003 (0.003)

− 0.059 (0.045)

2.635^b (1.087)

0.007 (0.005)

0.383^c (0.110)

− 0.006^b (0.002)

− 0.060^a (0.034)

2.831^c (0.955)

0.012^b (0.004)

0.428^c (0.115)

Loan ratio

0.015^c (0.001)

0.027^b (0.013)

0.208 (0.315)

0.031^c (0.002)

0.130^a (0.068)

0.006 (0.006)

−0.024 (0.076)

2.581 (1.609)

0.031^c (0.009)

0.567^a (0.281)

Asset ratio

−0.093 (0.060)

−1.434 (0.876)

− 19.731 (18.082)

− 0.127 (0.085)

−1.130 (2.053)

− 0.144^c (0.028)

−3.313^c (0.326)

− 14.832^a (8.733)

− 0.036 (0.047)

− 2.632^b (1.186)

Capital

0.008^b (0.004)

− 0.220^c (0.036)

− 0.131 (0.821)

0.013^a (0.007)

− 0.156 (0.116)

− 0.001 (0.009)

− 0.910^c (0.150)

−5.499^a (2.792)

− 0.005 (0.015)

− 1.198^c (0.300)

Asset quality

0.024 (0.038)

−2.114^b (0.978)

−3.382 (10.118)

− 0.006 (0.064)

1.527^a (0.904)

0.083^c (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)

−91.503^b (35.007)

0.080 (0.209)

7.948^c (2.783)

− 299.673^c (97.029)

− 0.133 (0.328)

−54.625^a (28.066)

Age

0.001^c (0.001)

0.003 (0.002)

−0.602^c (0.064)

− 0.002^c (0.000)

0.054^c (0.005)

− 0.015^c (0.003)

− 0.366^c (0.035)

−1.673^a (0.979)

− 0.005 (0.005)

0.252 (0.248)

Size

0.006 (0.006)

0.139^a (0.072)

1.982 (1.476)

0.022^b (0.008)

1.358^c (0.295)

−0.001 (0.002)

−0.065^a (0.033)

0.880 (0.749)

0.007^a (0.003)

1.248^b (0.580)

Constant

−0.004^c (0.001)

0.088^c (0.014)

10.271^c (0.468)

0.027^c (0.003)

−0.500^c (0.054)

0.225^c (0.045)

5.613^c (0.532)

24.983^a (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