Effect of managerial ownership on bank value (OLS)
| Variable | OLS | OLS (fixed effect) | OLS (random effect) | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Full sample (model 1) | Conventional bank (model 2) | Islamic bank (model 3) | Full sample (model 4) | Conventional bank (model 5) | Islamic bank (model 6) | Full sample (model 7) | Conventional bank (model 8) | Islamic bank (model 9) | |
| OWN | 0.005*** (3.695) | 0.006*** (4.289) | 0.006*** (4.154) | 0.004*** (3.193) | 0.005*** (3.562) | 0.005*** (3.562) | 0.005*** (3.439) | 0.005*** (3.767) | 0.005*** (3.767) |
| OWN2 | −0.000 (−0.710) | −0.000 (−1.389) | −0.000 (−1.161) | −0.000 (−0.914) | −0.000 (−1.228) | −0.000 (−1.228) | −0.000 (−1.201) | −0.000 (1.490) | −0.000 (1.490) |
| LTA | −0.010** (−2.066) | −0.017*** (−3.392) | −0.012** (−2.424) | −0.023*** (−3.128) | −0.022*** (−3.002) | −0.022*** (−3.002) | −0.038*** (6.071) | −0.037*** (−5.997) | −0.037*** (−5.997) |
| ROA | 0.022** (2.419) | 0.020** (2.172) | 0.021** (2.273) | 0.019** (2.002) | 0.018* (1.922) | 0.018* (1.922) | 0.019** (2.112) | 0.018** (2.030) | 0.018** (2.030) |
| LIQ | 0.942*** (12.063) | 0.911*** (11.837) | 0.968*** (12.436) | 0.576*** (5.910) | 0.625*** (6.316) | 0.625*** (6.316) | 0.542*** (5.680) | 0.583*** (6.026) | 0.583*** (6.026) |
| MVE | 0.000*** (14.201) | 0.000*** (14.895) | 0.000*** (14.543) | 0.000*** (16.301) | 0.000*** (16.532) | 0.000*** (16.532) | 0.000*** (15.936) | 0.000 (16.130) | 0.000 (16.130) |
| CB | 0.016*** (4.413) | 0.068*** (2.477) | 0.059** (2.172) | ||||||
| IB | 0.188*** (3.089) | 0.168*** (2.477) | 0.159** (2.172) | ||||||
| Adjusted R2 | 40.231% | 42.473% | 41.289% | 47.006% | 47.593% | 47.593% | 45.030% | 45.4422% | 45.442% |
| No. of observations | 480 | 480 | 480 | 480 | 480 | 480 | 480 | 480 | 480 |
| Variable | OLS | OLS (fixed effect) | OLS (random effect) | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Full sample (model 1) | Conventional bank (model 2) | Islamic bank (model 3) | Full sample (model 4) | Conventional bank (model 5) | Islamic bank (model 6) | Full sample (model 7) | Conventional bank (model 8) | Islamic bank (model 9) | |
| OWN | 0.005*** (3.695) | 0.006*** (4.289) | 0.006*** (4.154) | 0.004*** (3.193) | 0.005*** (3.562) | 0.005*** (3.562) | 0.005*** (3.439) | 0.005*** (3.767) | 0.005*** (3.767) |
| OWN2 | −0.000 (−0.710) | −0.000 (−1.389) | −0.000 (−1.161) | −0.000 (−0.914) | −0.000 (−1.228) | −0.000 (−1.228) | −0.000 (−1.201) | −0.000 (1.490) | −0.000 (1.490) |
| LTA | −0.010** (−2.066) | −0.017*** (−3.392) | −0.012** (−2.424) | −0.023*** (−3.128) | −0.022*** (−3.002) | −0.022*** (−3.002) | −0.038*** (6.071) | −0.037*** (−5.997) | −0.037*** (−5.997) |
| ROA | 0.022** (2.419) | 0.020** (2.172) | 0.021** (2.273) | 0.019** (2.002) | 0.018* (1.922) | 0.018* (1.922) | 0.019** (2.112) | 0.018** (2.030) | 0.018** (2.030) |
| LIQ | 0.942*** (12.063) | 0.911*** (11.837) | 0.968*** (12.436) | 0.576*** (5.910) | 0.625*** (6.316) | 0.625*** (6.316) | 0.542*** (5.680) | 0.583*** (6.026) | 0.583*** (6.026) |
| MVE | 0.000*** (14.201) | 0.000*** (14.895) | 0.000*** (14.543) | 0.000*** (16.301) | 0.000*** (16.532) | 0.000*** (16.532) | 0.000*** (15.936) | 0.000 (16.130) | 0.000 (16.130) |
| CB | 0.016*** (4.413) | 0.068*** (2.477) | 0.059** (2.172) | ||||||
| IB | 0.188*** (3.089) | 0.168*** (2.477) | 0.159** (2.172) | ||||||
| Adjusted | 40.231% | 42.473% | 41.289% | 47.006% | 47.593% | 47.593% | 45.030% | 45.4422% | 45.442% |
| No. of observations | 480 | 480 | 480 | 480 | 480 | 480 | 480 | 480 | 480 |