Impact of ownership structure on bank credit risk
| CR | ||
|---|---|---|
| REM (1) | S-GMM (2) | |
| SO | −0.016 | −0.016*** |
| FO | −0.025*** | −0.011*** |
| OC | 0.018 | 0.016*** |
| SIZE | 0.074 | −0.306 |
| EA | 0.030 | −0.030 |
| GDP | −0.021 | 0.008 |
| INF | 0.044*** | 0.118*** |
| Lagged (−1) | 0.285*** | |
| p-value of Hausman test | 0.949 | |
| p-value of Wooldridge test | <0.001 | |
| p-value of White’s test | <0.001 | |
| p-value of Hansen test | 0.584 | |
| p-value of AR (1) test | 0.011 | |
| p-value of AR (2) test | 0.604 | |
| CR | ||
|---|---|---|
| REM (1) | S-GMM (2) | |
| SO | −0.016 | −0.016*** |
| FO | −0.025*** | −0.011*** |
| OC | 0.018 | 0.016*** |
| SIZE | 0.074 | −0.306 |
| EA | 0.030 | −0.030 |
| GDP | −0.021 | 0.008 |
| INF | 0.044*** | 0.118*** |
| Lagged (−1) | 0.285*** | |
| 0.949 | ||
| <0.001 | ||
| <0.001 | ||
| 0.584 | ||
| 0.011 | ||
| 0.604 | ||
Note(s): The variable Lagged (−1) represents a one-year time lag of the dependent variable. *, ** and *** denote statistical significance at the 10, 5 and 1% levels, respectively
Source(s): Authors’ compilation and analysis using Stata software
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