Table 10 Regression result using...

Table 10

Regression result using alternative measure of female representation

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)
	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6	Model 7
	Dependent variable = NPL
BLAU	−0.213^***	−0.160^***	−0.180^***	−0.226^***	−0.195^***	−0.258^***	−0.307^***
BLAU	(0.0543)	(0.0595)	(0.0557)	(0.0581)	(0.0719)	(0.0558)	(0.0557)
FE_IND		−0.627^***
FE_IND		(0.170)
FE_LED			−0.0507^***
FE_LED			(0.0156)
FE_EXP				−0.278^***
FE_EXP				(0.0916)
FE_HEDU					−0.243^**
FE_HEDU					(0.123)
FE_FOREDU						−0.247^**
FE_FOREDU						(0.0959)
FE_ACFI							−0.0321
FE_ACFI							(0.130)
Constant	2.805^***	2.684^***	2.563^***	1.271^***	1.301^***	1.324^***	1.348^***
Constant	(0.402)	(0.395)	(0.368)	(0.367)	(0.370)	(0.370)	(0.378)
All controls	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Year fixed	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Industry fixed	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Observations	365	358	358	328	328	328	328
R-squared	0.670	0.678	0.676	0.715	0.713	0.713	0.709
Adj. R-squared	0.654	0.661	0.658	0.699	0.696	0.696	0.692
F-statistic	40.49^***	42.69^***	38.66^***	36.68^***	36.01^***	36.74^***	35.45^***

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)
	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6	Model 7
	Dependent variable = NPL
BLAU	−0.213^***	−0.160^***	−0.180^***	−0.226^***	−0.195^***	−0.258^***	−0.307^***
BLAU	(0.0543)	(0.0595)	(0.0557)	(0.0581)	(0.0719)	(0.0558)	(0.0557)
FE_IND		−0.627^***
FE_IND		(0.170)
FE_LED			−0.0507^***
FE_LED			(0.0156)
FE_EXP				−0.278^***
FE_EXP				(0.0916)
FE_HEDU					−0.243^**
FE_HEDU					(0.123)
FE_FOREDU						−0.247^**
FE_FOREDU						(0.0959)
FE_ACFI							−0.0321
FE_ACFI							(0.130)
Constant	2.805^***	2.684^***	2.563^***	1.271^***	1.301^***	1.324^***	1.348^***
Constant	(0.402)	(0.395)	(0.368)	(0.367)	(0.370)	(0.370)	(0.378)
All controls	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Year fixed	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Industry fixed	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Observations	365	358	358	328	328	328	328
R-squared	0.670	0.678	0.676	0.715	0.713	0.713	0.709
Adj. R-squared	0.654	0.661	0.658	0.699	0.696	0.696	0.692
F-statistic	40.49^***	42.69^***	38.66^***	36.68^***	36.01^***	36.74^***	35.45^***

Note(s): Numbers in parentheses are robust standard error. Superscripts ^***, ^**, and ^* denote significance at the 1%, 5%, and 10% levels, respectively. The definitions of variables are given in Appendix

Source(s): Created by author

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