The impact of CFP and bank risk
| (1) | (2) | (3) | |
|---|---|---|---|
| Variables | LLP/Assetit+1 | LLP/Equityit+1 | LLP/Loansit+1 |
| CFP | −0.003*** | −0.048*** | −0.005*** |
| (−4.187) | (−7.172) | (−4.434) | |
| Size | −0.002*** | −0.030*** | −0.004*** |
| (−9.289) | (−10.477) | (−9.461) | |
| Leverage | −0.000*** | 0.002*** | −0.001*** |
| (−6.303) | (3.370) | (−4.968) | |
| Diversified | 0.014*** | 0.173*** | 0.024*** |
| (11.659) | (13.214) | (12.068) | |
| GrowthRevenue | 0.003*** | 0.033*** | 0.005*** |
| (5.166) | (5.851) | (6.146) | |
| Efficiency | −0.003*** | −0.022*** | −0.005*** |
| (−5.092) | (−3.865) | (−5.194) | |
| GDPGrowth | −0.020*** | −0.227*** | −0.047*** |
| (−4.688) | (−4.805) | (−6.561) | |
| HHI | −0.036*** | −0.155* | −0.046*** |
| (−4.397) | (−1.709) | (−3.320) | |
| Constant | 0.031*** | 0.261*** | 0.049*** |
| (12.275) | (9.391) | (11.625) | |
| Bank FE | Yes | Yes | Yes |
| Year FE | Yes | Yes | Yes |
| Obs | 2,534 | 2,534 | 2,534 |
| Adj R2 | 0.198 | 0.230 | 0.208 |
| (1) | (2) | (3) | |
|---|---|---|---|
| Variables | LLP/Assetit+1 | LLP/Equityit+1 | LLP/Loansit+1 |
| CFP | −0.003*** | −0.048*** | −0.005*** |
| (−4.187) | (−7.172) | (−4.434) | |
| Size | −0.002*** | −0.030*** | −0.004*** |
| (−9.289) | (−10.477) | (−9.461) | |
| Leverage | −0.000*** | 0.002*** | −0.001*** |
| (−6.303) | (3.370) | (−4.968) | |
| Diversified | 0.014*** | 0.173*** | 0.024*** |
| (11.659) | (13.214) | (12.068) | |
| GrowthRevenue | 0.003*** | 0.033*** | 0.005*** |
| (5.166) | (5.851) | (6.146) | |
| Efficiency | −0.003*** | −0.022*** | −0.005*** |
| (−5.092) | (−3.865) | (−5.194) | |
| GDPGrowth | −0.020*** | −0.227*** | −0.047*** |
| (−4.688) | (−4.805) | (−6.561) | |
| HHI | −0.036*** | −0.155* | −0.046*** |
| (−4.397) | (−1.709) | (−3.320) | |
| Constant | 0.031*** | 0.261*** | 0.049*** |
| (12.275) | (9.391) | (11.625) | |
| Bank FE | Yes | Yes | Yes |
| Year FE | Yes | Yes | Yes |
| Obs | 2,534 | 2,534 | 2,534 |
| Adj | 0.198 | 0.230 | 0.208 |
Note(s): t-statistics are shown in parentheses. ***, **, and * denote statistical significance at the 1%, 5%, and 10% levels, respectively