Descriptive statistics for the sample
| Variables ($ million) | Symbol | Mean | SD |
|---|---|---|---|
| Outputs | |||
| Loans | y1 | 5,208.06 | 12,823.80 |
| Investment | y2 | 1,721.42 | 5,145.48 |
| Noninterest income | y3 | 102.93 | 239.96 |
| Undesirable (loan loss reserves) | b | 189.46 | 397.23 |
| Inputs | |||
| Labor | x1 | 81.28 | 174.00 |
| Physical capital | x2 | 86.26 | 171.83 |
| Borrowed funds | x3 | 1,740.39 | 14,262.77 |
| Environment | |||
| Equity/Total assets (%) | z1 | 13.39 | 11.35 |
| Liquidity (%) | z2 | 25.8 | 16 |
| GDP growth (%) | z3 | 5.25 | 2.04 |
| HHI | z4 | 1,068.54 | 2,744.99 |
| Variables ($ million) | Symbol | Mean | SD |
|---|---|---|---|
| Loans | 5,208.06 | 12,823.80 | |
| Investment | 1,721.42 | 5,145.48 | |
| Noninterest income | 102.93 | 239.96 | |
| Undesirable (loan loss reserves) | 189.46 | 397.23 | |
| Labor | 81.28 | 174.00 | |
| Physical capital | 86.26 | 171.83 | |
| Borrowed funds | 1,740.39 | 14,262.77 | |
| Equity/Total assets (%) | 13.39 | 11.35 | |
| Liquidity (%) | 25.8 | 16 | |
| GDP growth (%) | 5.25 | 2.04 | |
| HHI | 1,068.54 | 2,744.99 | |
Source: Authors’ computation from FitchConnect