Table 4

The effect of Fintech on competitiveness (DEP)

Model 1
COMPONENT_FINTECH		Model 2
IN_HOUSE FINTECH		Model 3
COLL_FINTECH
(1)(2)(1)(2)(1)(2)
VariablesDepositDepositDepositDepositDepositDeposit
FINTECH0.100***0.106***0.259***0.306***0.126***0.121***
(0.012)(0.016)(0.049)(0.075)(0.013)(0.015)
W_INDEP0.001*0.001*0.001*0.001*0.0010.000
(0.000)(0.000)(0.000)(0.000)(0.000)(0.000)
FINTECH#W_INDEP −0.000 −0.001 0.000
 (0.000) (0.001) (0.000)
ROA−0.661−0.700−0.513−0.617−0.592−0.582
(1.344)(1.381)(1.308)(1.377)(1.336)(1.333)
LNTA−0.019***−0.019***−0.018***−0.018***−0.018***−0.018***
(0.007)(0.006)(0.007)(0.007)(0.006)(0.006)
TIER0.2510.2630.5870.5980.4250.416
(0.542)(0.544)(0.592)(0.594)(0.541)(0.543)
RWA−0.000−0.000−0.000−0.000−0.000−0.000
(0.001)(0.001)(0.001)(0.001)(0.001)(0.001)
BODSIZE−0.003−0.003−0.003−0.004−0.004−0.004
(0.012)(0.012)(0.012)(0.013)(0.012)(0.012)
INTEREST−4.695**−4.684**−4.876**−4.862**−4.715**−4.724**
(1.825)(1.817)(1.925)(1.915)(1.848)(1.850)
CONSTANT21.721***21.722***21.628***21.633***21.557***21.565***
(0.182)(0.182)(0.175)(0.176)(0.183)(0.182)
YEAR FEYESYESYESYESYESYES
OBSERVATIONS442442442442442442
R-SQUARED0.3100.3110.2460.2480.3150.315
NUMBER OF BANKS104104104104104104

Note(s): Robust standard errors in parentheses ***p < 0.01, **p < 0.05 and *p < 0.1

Source(s): Authors' own creation

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