Dynamic panel data regression results
| Dependent variable: cost income ratio (CIR) | |||||||
|---|---|---|---|---|---|---|---|
| Baseline | [1] | [2] | [3] | [4] | [5] | [6] | |
| Variables | |||||||
| C | −81.218 | −79065 | −78.846 | −80.241 | −76.730 | −76.271 | −80.231 |
| [0.369] | [0.134] | [0.234] | [0.336] | [0.347] | [0.548] | [0.540] | |
| BOONE | −14.066** | −14.070** | −14.214** | −14.666** | −14.908** | −14.790** | −14.690** |
| [0.074] | [0.064] | [0.064] | [0.076] | [0.077] | [0.078] | [0.070] | |
| LOGGDP | 7.065** | 7.151** | 7.135** | 6.958** | 7.019** | 7.171** | 7.081** |
| [0.080] | [0.057] | [0.061] | [0.070] | [0.067] | [0.058] | [0.056] | |
| INFL | −0.176** | −0.178** | −0.179** | −0.180** | −0.181** | −0.173** | −0.180** |
| [0.094] | [0.089] | [0.091] | [0.092] | [0.091] | [0.091] | [0.090] | |
| PCA_REG_QULLT | −3.211** | −3.41** | −3.011** | −3.081** | −3.115** | −3.321** | −3.651** |
| [0.079] | [0.069] | [0.081] | [0.068] | [0.010] | [0.083] | [0.087] | |
| Activity restriction | – | 0.384 | – | – | – | – | |
| – | [0.380] | – | – | – | – | ||
| Entry restrictions | – | – | 0.865 | – | – | – | |
| – | – | [0.869] | – | – | – | ||
| Capital requirement | – | – | – | 0.332 | – | – | |
| – | – | – | [0.556] | – | – | ||
| Supervisory power | – | – | – | – | 0.260** | – | |
| – | – | – | – | [0.061] | – | ||
| Supervisory structure | – | – | – | – | – | 1.113** | |
| – | – | – | – | – | [0.088] | ||
| PCA_Sig_Regs | – | – | – | – | – | – | 0.821** |
| – | – | – | – | – | – | [0.077] | |
| Country fixed effects | yes | yes | yes | yes | yes | yes | yes |
| Year fixed effects | yes | yes | yes | yes | yes | yes | yes |
| Estimation method | GLS | GLS | GLS | GLS | GLS | GLS | GLS |
| Dependent variable: cost income ratio (CIR) | |||||||
|---|---|---|---|---|---|---|---|
| Baseline | [1] | [2] | [3] | [4] | [5] | [6] | |
| C | −81.218 | −79065 | −78.846 | −80.241 | −76.730 | −76.271 | −80.231 |
| [0.369] | [0.134] | [0.234] | [0.336] | [0.347] | [0.548] | [0.540] | |
| BOONE | −14.066** | −14.070** | −14.214** | −14.666** | −14.908** | −14.790** | −14.690** |
| [0.074] | [0.064] | [0.064] | [0.076] | [0.077] | [0.078] | [0.070] | |
| LOGGDP | 7.065** | 7.151** | 7.135** | 6.958** | 7.019** | 7.171** | 7.081** |
| [0.080] | [0.057] | [0.061] | [0.070] | [0.067] | [0.058] | [0.056] | |
| INFL | −0.176** | −0.178** | −0.179** | −0.180** | −0.181** | −0.173** | −0.180** |
| [0.094] | [0.089] | [0.091] | [0.092] | [0.091] | [0.091] | [0.090] | |
| PCA_REG_QULLT | −3.211** | −3.41** | −3.011** | −3.081** | −3.115** | −3.321** | −3.651** |
| [0.079] | [0.069] | [0.081] | [0.068] | [0.010] | [0.083] | [0.087] | |
| Activity restriction | – | 0.384 | – | – | – | – | |
| – | [0.380] | – | – | – | – | ||
| Entry restrictions | – | – | 0.865 | – | – | – | |
| – | – | [0.869] | – | – | – | ||
| Capital requirement | – | – | – | 0.332 | – | – | |
| – | – | – | [0.556] | – | – | ||
| Supervisory power | – | – | – | – | 0.260** | – | |
| – | – | – | – | [0.061] | – | ||
| Supervisory structure | – | – | – | – | – | 1.113** | |
| – | – | – | – | – | [0.088] | ||
| PCA_Sig_Regs | – | – | – | – | – | – | 0.821** |
| – | – | – | – | – | – | [0.077] | |
| Country fixed effects | yes | yes | yes | yes | yes | yes | yes |
| Year fixed effects | yes | yes | yes | yes | yes | yes | yes |
| Estimation method | GLS | GLS | GLS | GLS | GLS | GLS | GLS |
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