Table VI

Summary results of testing hypotheses

HypothesisAll countries
H1Sign(+)
Corporate governance bank levelSignificantYes
H2Sign(+)
State ownershipSignificantYes
H3Sign(−)
Family ownershipSignificantNo
H4Sign(+)
Institutional ownershipSignificantYes
H5Sign(+)
Corporate governance country levelSignificantYes
H6Sign(+)
Deposit insuranceSignificantNo
H7Sign(+)
IslamicSignificantYes

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