Table I

Description of variables

DefinitionNotationMeasure
Asset diversityADIVEquation (3)
Income diversificationIDIVEquation (4)
Value added intellectual coefficientVAIC™HCE + SCE + CEE
Human capital efficiencyHCEVA/HC
Structural capital efficiencySCESC/VA
Capital employed efficiencyCEEVA/CE
LeverageLEVTotal liabilities/Total assets
SizeSIZENatural logarithm of total assets
CompetitionCOMP1 less sum of squares of each bank’s loan market share
Stock exchange listingLISTINGBinary of 1 when listed and 0 if otherwise
Government ownershipGOVBinary of 1 when public-owned and 0 if otherwise

Notes: VA, gross revenue less operating costs including interest expenses, finance and administration expenses excluding personnel expenses; HC is personnel expenses treated in this case as an investment; SC is VA less HC and CE is the book value of total net assets

Source: Authors

[ViewLarge]
This Feature Is Available To Subscribers Only

or Create an Account

Close subscription notice
Close access options