Table 6 Effect of listing on the...

Table 6

Effect of listing on the relationship between ownership structure and bank credit risk

	CR
	REM (1)	S-GMM (2)
SO	−0.012	−0.018***
FO	−0.023***	−0.026***
OC	0.018*	0.024**
OC × LIST	−0.009**	−0.011**
SIZE	0.095	0.082
EA	0.029	0.042
GDP	−0.020	0.015
INF	0.043***	0.108***
Lagged (−1)		0.196
p-value of Hausman test	0.823
p-value of Wooldridge test	<0.001
p-value of White’s test	0.010
p-value of Hansen test		0.658
p-value of AR (1) test		0.041
p-value of AR (2) test		0.618

	CR
	REM (1)	S-GMM (2)
SO	−0.012	−0.018***
FO	−0.023***	−0.026***
OC	0.018*	0.024**
OC × LIST	−0.009**	−0.011**
SIZE	0.095	0.082
EA	0.029	0.042
GDP	−0.020	0.015
INF	0.043***	0.108***
Lagged (−1)		0.196
p-value of Hausman test	0.823
p-value of Wooldridge test	<0.001
p-value of White’s test	0.010
p-value of Hansen test		0.658
p-value of AR (1) test		0.041
p-value of AR (2) test		0.618

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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