Effect of bank value on managerial ownership (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) | |
| Q | 30.037*** (6.982) | 31.430*** (7.293) | 31.128*** (7.268) | 28.714*** (6.371) | 29.668*** (6.625) | 29.668*** (6.625) | 28.325*** (6.351) | 29.329*** (6.616) | 29.329*** (6.616) |
| LTA | −1.663*** (−3.026) | −1.607*** (−2.939) | −1.785*** (−3.265) | −2.327*** (−3.181) | −2.427*** (−3.344) | −2.427*** (−3.344) | −2.263*** (_3.434) | −2.426*** (−3.702) | −2.426*** (−3.702) |
| MVE | −0.000*** (−7.513) | −0.001*** (−7.893) | −0.001*** (−7.945) | −0.000*** (−7.090) | −0.001*** (−7.509) | −0.001*** (−7.509) | −0.000*** (−7.199) | −0.001*** (−7.634) | −0.001*** (−7.634) |
| LEV | 34.272*** (3.979) | 37.095*** (4.298) | 31.694*** (3.691) | 16.612 (1.132) | 12.346 (0.845) | 12.346 (0.845 | 15.440 (1.091) | 11.581 (0.822) | 11.581 (0.822) |
| EPS | −0.026** (−1.977) | −0.029** (−2.176) | −0.030** (−2.260) | −0.029** (−2.051) | −0.034** (−2.397) | −0.034** (−2.397) | −0.028** (−2.108) | −0.032** (−2.405) | −0.032** (−2.405) |
| AGE | 0.478*** (4.480) | 0.548*** (5.011) | 0.561*** (5.131) | 0.478*** (4.257) | 0.572*** (4.952) | 0.572*** (4.952) | 0.483*** (4.488) | 0.569*** (5.154) | 0.569*** (5.154) |
| CB | 6.900*** (2.606) | 8.319*** (3.041) | 8.229*** (3.017 | ||||||
| IB | −8.048*** (−2.979) | −8.319*** (−3.041 | −8.229*** (−3.017) | ||||||
| Adjusted R2 | 17.197% | 18.196% | 18.550% | 15.612% | 17.101% | 17.101% | 17.530% | 18.954% | 18.954% |
| 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) | |
| Q | 30.037*** (6.982) | 31.430*** (7.293) | 31.128*** (7.268) | 28.714*** (6.371) | 29.668*** (6.625) | 29.668*** (6.625) | 28.325*** (6.351) | 29.329*** (6.616) | 29.329*** (6.616) |
| LTA | −1.663*** (−3.026) | −1.607*** (−2.939) | −1.785*** (−3.265) | −2.327*** (−3.181) | −2.427*** (−3.344) | −2.427*** (−3.344) | −2.263*** (_3.434) | −2.426*** (−3.702) | −2.426*** (−3.702) |
| MVE | −0.000*** (−7.513) | −0.001*** (−7.893) | −0.001*** (−7.945) | −0.000*** (−7.090) | −0.001*** (−7.509) | −0.001*** (−7.509) | −0.000*** (−7.199) | −0.001*** (−7.634) | −0.001*** (−7.634) |
| LEV | 34.272*** (3.979) | 37.095*** (4.298) | 31.694*** (3.691) | 16.612 (1.132) | 12.346 (0.845) | 12.346 (0.845 | 15.440 (1.091) | 11.581 (0.822) | 11.581 (0.822) |
| EPS | −0.026** (−1.977) | −0.029** (−2.176) | −0.030** (−2.260) | −0.029** (−2.051) | −0.034** (−2.397) | −0.034** (−2.397) | −0.028** (−2.108) | −0.032** (−2.405) | −0.032** (−2.405) |
| AGE | 0.478*** (4.480) | 0.548*** (5.011) | 0.561*** (5.131) | 0.478*** (4.257) | 0.572*** (4.952) | 0.572*** (4.952) | 0.483*** (4.488) | 0.569*** (5.154) | 0.569*** (5.154) |
| CB | 6.900*** (2.606) | 8.319*** (3.041) | 8.229*** (3.017 | ||||||
| IB | −8.048*** (−2.979) | −8.319*** (−3.041 | −8.229*** (−3.017) | ||||||
| Adjusted | 17.197% | 18.196% | 18.550% | 15.612% | 17.101% | 17.101% | 17.530% | 18.954% | 18.954% |
| No. of observations | 480 | 480 | 480 | 480 | 480 | 480 | 480 | 480 | 480 |
Source(s): own research