Table 1 Descriptive statistics for bank...

Table 1

Descriptive statistics for bank M&A during the post-mandatory IFRS adoption period between the beginning of the 2008 financial crisis and after the 2008 crisis

Variables		Pre-mandatory adoption period: 2003–2004								Post-mandatory adoption period: 2005–2012
Variables		N	0	N	1	N	2	N	Total	N	0	N	1	N	2	N	Total
	ETA	18.843	12.133	105	7.081	200	11.300	19.148	12.097	29.647	12.601	191	9.335	232	10.830	30.070	12.567
	ETA		(15.47)		(5.59)		(7.60)		(15.37)		(16.11)		(14.87)		(4.07)		(16.05)
	SIZE	18.847	13.877	105	17.454	200	15.332	19.152	13.914	29.655	14.102	191	16.849	232	15.795	30.078	14.132
	SIZE		(2.09)		(2.34)		(2.02)		(2.12)		(2.09)		(2.79)		(2.01)		(2.12)
Asset structure	LLRL	8.286	2.327	86	2.596	194	1.056	8.566	2.301	16.282	3.102	148	4.210	225	1.957	16.655	3.097
	LLRL		(5.54)		(4.91)		(0.45)		(5.47)		(5.55)		(5.73)		(1.30)		(5.52)
	NLTA	17.938	59.214	105	54.804	200	64.310	18.243	59.244	28.071	58.591	187	50.145	232	63.224	28.490	58.574
			(24.30)		(26.70)		(16.51)		(24.25)		(24.00)		(25.27)		(14.17)		(23.96)
	NLCSTF	17.520	87.466	105	89.809	197	85.188	17.822	87.454	27.441	86.615	187	79.206	229	86.724	27.857	86.566
	NLCSTF		(68.39)		(45.00)		(25.00)		(67.95)		(72.87)		(43.33)		(48.29)		(72.54)
	LACSTF	17.988	35.611	105	44.321	196	16.216	18.289	35.453	28.142	34.799	187	38.679	232	19.943	28.561	34.704
	LACSTF		(73.18)		(40.85)		(56.45)		(72.91)		(75.28)		(53.72)		(87.61)		(72.27)
Cost-efficiency	CIR	18.275	65.824	104	63.638	197	62.538	18.576	65.777	28.732	70.003	182	70.604	227	68.621	29.441	69.996
	CIR		(31.29)		(23.59)		(13.94)		(31.12)		(40.71)		(38.46)		(29.06)		(40.61)
	NIEXPA	18.492	4.055	105	2.265	197	3.132	18.794	4.036	29.228	4.108	185	2.556	232	3.753	29.645	4.096
	NIEXPA		(8.22)		(1.50)		(1.74)		(8.16)		(9.09)		(1.78)		(2.10)		(8.04)
Profitability	NIM	18.412	2.735	105	1.817	200	3.378	18.717	2.737	29.079	2.479	185	1.665	232	3.360	29.496	2.481
	NIM		(2.72)		(1.13)		(1.06)		(2.70)		(2.85)		(0.91)		(1.19)		(2.83)
	ROA	18.600	1.067	105	0.964	200	1.076	18.905	1.067	29.336	0.485	185	0.158	232	0.412	29.753	0.482
	ROA		(2.83)		(1.54)		(0.70)		(2.81)		(2.75)		(1.33)		(1.41)		(2.74)
	ROE	18.591	9.072	105	11.827	200	11.890	18.896	9.118	29.320	3.912	185	0.873	232	3.785	29.737	3.892
	ROE		(12.39)		(12.11)		(12.29)		(12.39)		(15.82)		(22.44)		(18.11)		(15.89)
	OOPINCA	18.453	3.011	104	1.748	197	1.603	18.754	2.989	29.153	2.682	185	1.172	230	1.343	29.568	2.662
	OOPINCA		(9.81)		(2.59)		(2.29)		(9.74)		(8.09)		(1.41)		(1.57)		(9.03)

Variables		Pre-mandatory adoption period: 2003–2004								Post-mandatory adoption period: 2005–2012
Variables		N	0	N	1	N	2	N	Total	N	0	N	1	N	2	N	Total
	ETA	18.843	12.133	105	7.081	200	11.300	19.148	12.097	29.647	12.601	191	9.335	232	10.830	30.070	12.567
	ETA		(15.47)		(5.59)		(7.60)		(15.37)		(16.11)		(14.87)		(4.07)		(16.05)
	SIZE	18.847	13.877	105	17.454	200	15.332	19.152	13.914	29.655	14.102	191	16.849	232	15.795	30.078	14.132
	SIZE		(2.09)		(2.34)		(2.02)		(2.12)		(2.09)		(2.79)		(2.01)		(2.12)
Asset structure	LLRL	8.286	2.327	86	2.596	194	1.056	8.566	2.301	16.282	3.102	148	4.210	225	1.957	16.655	3.097
	LLRL		(5.54)		(4.91)		(0.45)		(5.47)		(5.55)		(5.73)		(1.30)		(5.52)
	NLTA	17.938	59.214	105	54.804	200	64.310	18.243	59.244	28.071	58.591	187	50.145	232	63.224	28.490	58.574
			(24.30)		(26.70)		(16.51)		(24.25)		(24.00)		(25.27)		(14.17)		(23.96)
	NLCSTF	17.520	87.466	105	89.809	197	85.188	17.822	87.454	27.441	86.615	187	79.206	229	86.724	27.857	86.566
	NLCSTF		(68.39)		(45.00)		(25.00)		(67.95)		(72.87)		(43.33)		(48.29)		(72.54)
	LACSTF	17.988	35.611	105	44.321	196	16.216	18.289	35.453	28.142	34.799	187	38.679	232	19.943	28.561	34.704
	LACSTF		(73.18)		(40.85)		(56.45)		(72.91)		(75.28)		(53.72)		(87.61)		(72.27)
Cost-efficiency	CIR	18.275	65.824	104	63.638	197	62.538	18.576	65.777	28.732	70.003	182	70.604	227	68.621	29.441	69.996
	CIR		(31.29)		(23.59)		(13.94)		(31.12)		(40.71)		(38.46)		(29.06)		(40.61)
	NIEXPA	18.492	4.055	105	2.265	197	3.132	18.794	4.036	29.228	4.108	185	2.556	232	3.753	29.645	4.096
	NIEXPA		(8.22)		(1.50)		(1.74)		(8.16)		(9.09)		(1.78)		(2.10)		(8.04)
Profitability	NIM	18.412	2.735	105	1.817	200	3.378	18.717	2.737	29.079	2.479	185	1.665	232	3.360	29.496	2.481
	NIM		(2.72)		(1.13)		(1.06)		(2.70)		(2.85)		(0.91)		(1.19)		(2.83)
	ROA	18.600	1.067	105	0.964	200	1.076	18.905	1.067	29.336	0.485	185	0.158	232	0.412	29.753	0.482
	ROA		(2.83)		(1.54)		(0.70)		(2.81)		(2.75)		(1.33)		(1.41)		(2.74)
	ROE	18.591	9.072	105	11.827	200	11.890	18.896	9.118	29.320	3.912	185	0.873	232	3.785	29.737	3.892
	ROE		(12.39)		(12.11)		(12.29)		(12.39)		(15.82)		(22.44)		(18.11)		(15.89)
	OOPINCA	18.453	3.011	104	1.748	197	1.603	18.754	2.989	29.153	2.682	185	1.172	230	1.343	29.568	2.662
	OOPINCA		(9.81)		(2.59)		(2.29)		(9.74)		(8.09)		(1.41)		(1.57)		(9.03)

Note(s): I consider two accounting adoption period such as pre-mandatory adaption period (2003–2004) and post-mandatory adaption (2005–2012). The table reports the results of the explanatory of banking firms’ financial variables in the pre-mandatory period show beginning of the 2008 financial crisis, while post-mandatory period shows during and after 2008 crisis. Where 0 = non-merged banks, 1 = merged-between IFRS, 2 = merged-between local GAAP. The standard deviations are given in parentheses

Source(s): Processed data, 2023

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