Table 3 NIM models for all banks... | Emerald Publishing

Table 3

NIM models for all banks

	Subsidiaries			Parents
	Model 2.1.a	Model 2.2.a	Model 2.3.a	Model 2.1.b	Model 2.2.b	Model 2.3.b
	(Fixed)	(Random)	(GLS)	(Fixed)	(Random)	(GLS)
GDP	0.0365	0.0149	0.00466	0.00188	0.00236	0.00276*
GDP	(0.22)	(0.09)	(0.26)	(0.58)	(0.67)	(2.08)
INF	1.484***	1.822***	0.115*	0.0398**	0.108***	0.0770***
INF	(4.45)	(5.49)	(1.96)	(2.59)	(8.70)	(10.70)
CR5	−1.650***	−1.279***	−0.0123	−0.0125*	−0.00589	−0.00343***
CR5	(−7.10)	(−5.90)	(−0.49)	(−2.44)	(−1.42)	(−4.01)
S_LOANS	0.0222***	0.0538***	0.0510***	0.00886	0.0110	0.00580**
S_LOANS	(5.02)	(17.10)	(14.67)	(1.46)	(1.94)	(3.16)
D_L	0.0375	0.0943**	0.00559	−0.00319*	−0.00134	0.00103*
D_L	(1.17)	(3.03)	(1.30)	(−1.98)	(−0.82)	(2.14)
CAP	0.0945***	0.104***	0.0374**	0.0816***	0.113***	0.241***
CAP	(9.07)	(10.63)	(2.71)	(5.63)	(7.44)	(29.04)
CRED_GROWTH	0.0530	0.0876*	0.00563	−0.000145	0.00102	0.00442***
CRED_GROWTH	(1.30)	(2.10)	(1.01)	(−0.10)	(0.66)	(6.46)
CI	−0.0475***	−0.00923***	0.00786**	−0.0108***	−0.0115***	−0.00466***
CI	(−13.61)	(−3.32)	(2.70)	(−3.68)	(−3.74)	(−3.41)
LIQ_A	0.00598*	0.0182***	0.0181***	0.00314	0.00165	−0.000265
LIQ_A	(2.06)	(7.34)	(5.90)	(1.18)	(0.59)	(−0.30)
COR	1.827	2.433*	0.201	−0.00337	0.0904**	0.490***
COR	(1.84)	(2.38)	(1.47)	(−0.11)	(2.78)	(14.36)
SIZE	−0.114***	−0.0118	−0.00329	−0.00422***	−0.00370***	−0.00203***
SIZE	(−4.05)	(−0.49)	(−1.27)	(−5.79)	(−7.13)	(−13.21)
_cons	2.661***	0.756**	0.0114	0.0788***	0.0615***	0.0279***
_cons	(9.77)	(3.27)	(0.46)	(7.93)	(6.76)	(9.04)
N	2896	2896	2857	805	805	792

	Subsidiaries			Parents
	Model 2.1.a	Model 2.2.a	Model 2.3.a	Model 2.1.b	Model 2.2.b	Model 2.3.b
	(Fixed)	(Random)	(GLS)	(Fixed)	(Random)	(GLS)
GDP	0.0365	0.0149	0.00466	0.00188	0.00236	0.00276*
GDP	(0.22)	(0.09)	(0.26)	(0.58)	(0.67)	(2.08)
INF	1.484***	1.822***	0.115*	0.0398**	0.108***	0.0770***
INF	(4.45)	(5.49)	(1.96)	(2.59)	(8.70)	(10.70)
CR5	−1.650***	−1.279***	−0.0123	−0.0125*	−0.00589	−0.00343***
CR5	(−7.10)	(−5.90)	(−0.49)	(−2.44)	(−1.42)	(−4.01)
S_LOANS	0.0222***	0.0538***	0.0510***	0.00886	0.0110	0.00580**
S_LOANS	(5.02)	(17.10)	(14.67)	(1.46)	(1.94)	(3.16)
D_L	0.0375	0.0943**	0.00559	−0.00319*	−0.00134	0.00103*
D_L	(1.17)	(3.03)	(1.30)	(−1.98)	(−0.82)	(2.14)
CAP	0.0945***	0.104***	0.0374**	0.0816***	0.113***	0.241***
CAP	(9.07)	(10.63)	(2.71)	(5.63)	(7.44)	(29.04)
CRED_GROWTH	0.0530	0.0876*	0.00563	−0.000145	0.00102	0.00442***
CRED_GROWTH	(1.30)	(2.10)	(1.01)	(−0.10)	(0.66)	(6.46)
CI	−0.0475***	−0.00923***	0.00786**	−0.0108***	−0.0115***	−0.00466***
CI	(−13.61)	(−3.32)	(2.70)	(−3.68)	(−3.74)	(−3.41)
LIQ_A	0.00598*	0.0182***	0.0181***	0.00314	0.00165	−0.000265
LIQ_A	(2.06)	(7.34)	(5.90)	(1.18)	(0.59)	(−0.30)
COR	1.827	2.433*	0.201	−0.00337	0.0904**	0.490***
COR	(1.84)	(2.38)	(1.47)	(−0.11)	(2.78)	(14.36)
SIZE	−0.114***	−0.0118	−0.00329	−0.00422***	−0.00370***	−0.00203***
SIZE	(−4.05)	(−0.49)	(−1.27)	(−5.79)	(−7.13)	(−13.21)
_cons	2.661***	0.756**	0.0114	0.0788***	0.0615***	0.0279***
_cons	(9.77)	(3.27)	(0.46)	(7.93)	(6.76)	(9.04)
N	2896	2896	2857	805	805	792

Note(s): t statistics in parentheses

^*p < 0.05, ^**p < 0.01, ^***p < 0.001