Table 1

Variable description

MeasurementLiterature sources
Dependent Variable
Agri-lendingRatio of a bank's loans to the agricultural business segment to total loans advanced (AGRILR)Maloba and Alhassan (2019), Kim and Katchova (2020) 
The natural logarithm of loans to the agricultural business segment (LAGRIL) 
Independent Variable
Interest rate cappingDummy variable taking 0 to represent the pre-capping period (2014–2015) and 1 for the post-capping period (2017–2018)Madeira (2019) 
Control Variables
Bank sizeNatural logarithm of a bank's total assetsYasmin and Rashid (2018) 
EquityRatio of equity to total assetsPrabowo et al. (2019) 
LiquidityThe ratio of cash balances to total depositsTimsina and Pradhan (2017),
Olumuyiwa (2012) 
Asset qualityThe ratio of non-performing loans to gross loansShirzadi (2015) 
Revenue ConcentrationHHI index of interest and non-interest incomeAlhassan (2015) 
Bank Concentration5 bank asset concentration ratioCorvoisier and Gropp (2002) 

Source(s): Authors' construction

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