Descriptive statistics
| All sample | Before crisis | During crisis | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mean | Std.dev. | Min. | Max. | Mean | Std.dev. | Min. | Max. | Mean | Std.dev. | Min. | Max. | |
| ROAA | 0.310 | 3.550 | −162.8 | 200.92 | 0.255 | 2.903 | −162.8 | 44.31 | 0.217 | 1.613 | −17.54 | 32.47 |
| ROAE | 15.17 | 239.90 | −706.4 | −31,55 | 3.094 | 7.583 | −141.9 | 120 | 30.75 | 241.55 | −477.9 | 11356 |
| NIM | 0.009 | 0.016 | −0.062 | 0.522 | 0.008 | 0.015 | −0.019 | 0.928 | 0.009 | 0.015 | −0.017 | 0.093 |
| SIZE | 1.78e | 1.47e | 0 | 3.27e | 1.13e | 8.91e | 0 | 1.88e | 1.86e | 1.43e | 0 | 2.22e |
| EPS | 185.00 | 4704.52 | −94126 | 236097 | 34.118 | 343.28 | −8558 | 19606 | 171.84 | 6666.3 | −77996 | 211037 |
| ETA | 0.038 | 0.087 | −1.93 | 0.956 | 0.031 | 0.077 | −1.36 | 0.946 | 0.038 | 0.080 | −0.568 | 0.892 |
| MCTA | 817.33 | 18837 | 0 | 1,726,379 | 1666.7 | 27545.9 | 0 | 1,726,379 | 77.861 | 817.81 | 0 | 29884 |
| ASSETGDP | 1,060,227 | 889821 | 0 | 2.13e | 628584 | 4,999,890 | 0 | 1.06e | 1,164,134 | 8,972,283 | 0 | 1.49e |
| MCGDP | 646.24 | 9334.77 | 0 | 564901 | 1250.9 | 13616.4 | 0 | 564901 | 93.657 | 636.56 | 0 | 11040 |
| INFR | 93.864 | 9.86355 | 78.725 | 108.56 | 84.556 | 4.900 | 78.725 | 108.56 | 97.404 | 1.645 | 95.087 | 98.737 |
| GDPG | −0.875 | 4.5939 | −8.308 | 8.088 | −2.065 | 3.0868 | −6.735 | 1.5822 | −5.852 | 2.7056 | −8.308 | −2.084 |
| DCPS | 181.60 | 11.456 | 162.40 | 206.35 | 177.86 | 12.547 | 162.40 | 198.28 | 192.99 | 9.502 | 185.13 | 206.35 |
| HHI | 0.063 | 0.0077 | 0.0521 | 0.0763 | 0.070 | 0.0035 | 0.0648 | 0.0763 | 0.055 | 0.0033 | 0.0521 | 0.059 |
| Obs. | 11,895 | 11,895 | 11,895 | 11,895 | 5,548 | 5,548 | 5,548 | 5,548 | 2,379 | 2,379 | 2,379 | 2,379 |
| All sample | Before crisis | During crisis | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mean | Std.dev. | Min. | Max. | Mean | Std.dev. | Min. | Max. | Mean | Std.dev. | Min. | Max. | |
| ROAA | 0.310 | 3.550 | −162.8 | 200.92 | 0.255 | 2.903 | −162.8 | 44.31 | 0.217 | 1.613 | −17.54 | 32.47 |
| ROAE | 15.17 | 239.90 | −706.4 | −31,55 | 3.094 | 7.583 | −141.9 | 120 | 30.75 | 241.55 | −477.9 | 11356 |
| NIM | 0.009 | 0.016 | −0.062 | 0.522 | 0.008 | 0.015 | −0.019 | 0.928 | 0.009 | 0.015 | −0.017 | 0.093 |
| SIZE | 1.78e | 1.47e | 0 | 3.27e | 1.13e | 8.91e | 0 | 1.88e | 1.86e | 1.43e | 0 | 2.22e |
| EPS | 185.00 | 4704.52 | −94126 | 236097 | 34.118 | 343.28 | −8558 | 19606 | 171.84 | 6666.3 | −77996 | 211037 |
| ETA | 0.038 | 0.087 | −1.93 | 0.956 | 0.031 | 0.077 | −1.36 | 0.946 | 0.038 | 0.080 | −0.568 | 0.892 |
| MCTA | 817.33 | 18837 | 0 | 1,726,379 | 1666.7 | 27545.9 | 0 | 1,726,379 | 77.861 | 817.81 | 0 | 29884 |
| ASSETGDP | 1,060,227 | 889821 | 0 | 2.13e | 628584 | 4,999,890 | 0 | 1.06e | 1,164,134 | 8,972,283 | 0 | 1.49e |
| MCGDP | 646.24 | 9334.77 | 0 | 564901 | 1250.9 | 13616.4 | 0 | 564901 | 93.657 | 636.56 | 0 | 11040 |
| INFR | 93.864 | 9.86355 | 78.725 | 108.56 | 84.556 | 4.900 | 78.725 | 108.56 | 97.404 | 1.645 | 95.087 | 98.737 |
| GDPG | −0.875 | 4.5939 | −8.308 | 8.088 | −2.065 | 3.0868 | −6.735 | 1.5822 | −5.852 | 2.7056 | −8.308 | −2.084 |
| DCPS | 181.60 | 11.456 | 162.40 | 206.35 | 177.86 | 12.547 | 162.40 | 198.28 | 192.99 | 9.502 | 185.13 | 206.35 |
| HHI | 0.063 | 0.0077 | 0.0521 | 0.0763 | 0.070 | 0.0035 | 0.0648 | 0.0763 | 0.055 | 0.0033 | 0.0521 | 0.059 |
| Obs. | 11,895 | 11,895 | 11,895 | 11,895 | 5,548 | 5,548 | 5,548 | 5,548 | 2,379 | 2,379 | 2,379 | 2,379 |
| After crisis | Dodd-frank Act | |||||||
|---|---|---|---|---|---|---|---|---|
| Mean | Std.dev. | Min. | Max. | Mean | Std.dev. | Min. | Max. | |
| ROAA | 0.440 | 5.654 | −14.42 | 209.92 | 0.443 | 4.938 | −95.95 | 209.92 |
| ROAE | 34.77 | 477.23 | −706.4 | 22989 | 22.732 | 370.41 | −706.4 | 22989.2 |
| NIM | 0.010 | 0.018 | −0.306 | 0.522 | 0.011 | 0.018 | −0.063 | 0.522 |
| SIZE | 2.58e | 2.02e | 0 | 3.22e | 2.63e | 2.03e | 0 | 3.27e |
| EPS | 391.09 | 6886.55 | −9412 | 236097 | 404.06 | 6284.42 | −94126 | 236098 |
| ETA | 0.047 | 0.100 | −1.930 | 0.952 | 0.043 | 0.101 | −1.931 | 0.957 |
| MCTA | 65.762 | 337.06 | 0 | 8584.2 | 71.83 | 314.29 | 0 | 8584.3 |
| ASSETGDP | 1,647,222 | 1.29e | 0 | 2.13e | 160218 | 1.24e | 0 | 2.13e |
| MCGDP | 109.92 | 694.921 | 0 | 10956 | 131.22 | 815.844 | 0 | 15912.1 |
| INFR | 102.816 | 2.1741 | 100 | 105.29 | 104.77 | 2.977 | 100 | 108.57 |
| GDPG | 3.6848 | 3.1226 | 1.2087 | 8.088 | 3.775 | 2.666 | 1.208 | 8.089 |
| DCPS | 177.152 | 3.3813 | 174.47 | 181.92 | 180.03 | 4.393 | 174.47 | 184.65 |
| HHI | 0.055 | 0.0005 | 0.0548 | 0.0559 | 0.057 | 0.0022 | 0.0548 | 0.061 |
| Obs. | 2,379 | 2,379 | 2,379 | 2,379 | 3,965 | 3,965 | 3,965 | 3,965 |
| After crisis | Dodd-frank Act | |||||||
|---|---|---|---|---|---|---|---|---|
| Mean | Std.dev. | Min. | Max. | Mean | Std.dev. | Min. | Max. | |
| ROAA | 0.440 | 5.654 | −14.42 | 209.92 | 0.443 | 4.938 | −95.95 | 209.92 |
| ROAE | 34.77 | 477.23 | −706.4 | 22989 | 22.732 | 370.41 | −706.4 | 22989.2 |
| NIM | 0.010 | 0.018 | −0.306 | 0.522 | 0.011 | 0.018 | −0.063 | 0.522 |
| SIZE | 2.58e | 2.02e | 0 | 3.22e | 2.63e | 2.03e | 0 | 3.27e |
| EPS | 391.09 | 6886.55 | −9412 | 236097 | 404.06 | 6284.42 | −94126 | 236098 |
| ETA | 0.047 | 0.100 | −1.930 | 0.952 | 0.043 | 0.101 | −1.931 | 0.957 |
| MCTA | 65.762 | 337.06 | 0 | 8584.2 | 71.83 | 314.29 | 0 | 8584.3 |
| ASSETGDP | 1,647,222 | 1.29e | 0 | 2.13e | 160218 | 1.24e | 0 | 2.13e |
| MCGDP | 109.92 | 694.921 | 0 | 10956 | 131.22 | 815.844 | 0 | 15912.1 |
| INFR | 102.816 | 2.1741 | 100 | 105.29 | 104.77 | 2.977 | 100 | 108.57 |
| GDPG | 3.6848 | 3.1226 | 1.2087 | 8.088 | 3.775 | 2.666 | 1.208 | 8.089 |
| DCPS | 177.152 | 3.3813 | 174.47 | 181.92 | 180.03 | 4.393 | 174.47 | 184.65 |
| HHI | 0.055 | 0.0005 | 0.0548 | 0.0559 | 0.057 | 0.0022 | 0.0548 | 0.061 |
| Obs. | 2,379 | 2,379 | 2,379 | 2,379 | 3,965 | 3,965 | 3,965 | 3,965 |
Note(s): We used to follow three financial crisis period: before crisis (2000–2006), during crisis (2007–2009), after crisis (2010–2012) and DFA (2010–2014)