Table 5 Effect of foreign leaders on the...

Table 5

Effect of foreign leaders on the relationship between foreign ownership and bank credit risk

	CR
	REM (1)	S-GMM (2)
SO	−0.016	−0.019***
FO	−0.025***	−0.011***
OC	0.018	0.012***
FO × FO_LEADER	−0.002	−0.034***
SIZE	0.092	0.921***
EA	0.032	0.065**
GDP	−0.021	0.009
INF	0.044***	0.070***
Lagged (−1)		0.573***
p-value of Hausman test	0.969
p-value of Wooldridge test	<0.001
p-value of White’s test	<0.001
p-value of Hansen test		0.255
p-value of AR (1) test		<0.001
p-value of AR (2) test		0.809

	CR
	REM (1)	S-GMM (2)
SO	−0.016	−0.019***
FO	−0.025***	−0.011***
OC	0.018	0.012***
FO × FO_LEADER	−0.002	−0.034***
SIZE	0.092	0.921***
EA	0.032	0.065**
GDP	−0.021	0.009
INF	0.044***	0.070***
Lagged (−1)		0.573***
p-value of Hausman test	0.969
p-value of Wooldridge test	<0.001
p-value of White’s test	<0.001
p-value of Hansen test		0.255
p-value of AR (1) test		<0.001
p-value of AR (2) test		0.809

Note(s): The variable Lagged (−1) represents a one-year time lag of the dependent variable. *, ** and *** denote statistical significance at the 10, 5 or 1% levels, respectively

Source(s): Authors’ compilation and analysis using Stata software

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