Table 4 System GMM results of bank...

Table 4

System GMM results of bank performance

	All sample			Before crisis			During crisis			After crisis			Dodd-frank Act
Variables	ROAA	ROAE	NIM	ROAA	ROAE	NIM	ROAA	ROAE	NIM	ROAA	ROAE	NIM	ROAA	ROAE	NIM
SIZE	−0.08	1.01	0.84	0.06	1.40	1.02	1.50	−0.09	0.39	−1.17	1.12	0.44	−1.43	0.53	0.06
SIZE	(3.54e)	(2.28e)	(6.30e)	(2.96e)	(5.99e)	(4.20e)	(2.22e)	(1.57e)	(3.14e)	(2.02e)	(2.16e)	(4.26e)	(1.36e)	(1.78e)	(2.68e)
EPS	11.68***	0.37	0.73	0.21	4.00***	3.93	3.53***	0.03	0.34	1.39	0.78	−1.17	26.46***	0.20	−0.33
EPS	(0.000)	(0.000)	(2.41e)	(0.000)	(0.000)	(4.55e)	(0.000)	(0.003)	(5.56e)	(0.000)	(0.021)	(4.10e)	(0.000)	(0.009)	(1.45e)
ETA	15.49***	0.28	23.33***	41.09***	−14.10***	15.52***	−10.61***	0.12	−2.64***	−5.52***	0.32	14.72***	−5.99***	0.03	41.73***
ETA	(1.143)	(76.28)	(0.002)	(1.387)	(2.696)	(0.002)	(3.415)	(231.06)	(0.005)	(4.932)	(505.77)	(0.011)	(2.458)	(333.4)	(0.005)
MCTA	−1.93	0.27	−3.13	−9.88***	5.08***	−3.74	1.33	0.28	0.35	2.72***	−0.07	−10.43***	5.43***	0.02	−22.57***
MCTA	(2.50e)	(0.000)	(4.49e)	(0.000)	(0.000)	(2.59e)	(0.000)	(0.016)	(3.24e)	(0.002)	(0.176)	(0.000)	(0.001)	(0.153)	(0.000)
ASSETGDP	−0.45	−1.33	−1.09	−1.90	−1.11	−2.12	−1.16	0.06	−0.31	1.01	−1.17	0.16	1.89	−0.62	1.61
ASSETGDP	(5.45e)	(3.49e)	(9.69e)	(6.03e)	(1.20e)	(8.56e)	(3.34e)	(0.000)	(4.73e)	(2.60e)	(0.000)	(5.48e)	(1.30e)	(0.000)	(2.55e)
MCGDP	1.48	0.46	0.58	0.56	−0.00	1.22	1.78**	−0.15	0.49	2.36**	−0.44	−0.71	1.07	−0.30	−0.34
MCGDP	(6.60e)	(0.000)	(1.17e)	(4.85e)	(9.80e)	(6.88e)	(0.000)	(0.042)	(8.34e)	(0.000)	(0.074)	(1.46e)	(0.000)	(0.072)	(1.08e)
INFR	0.90	−4.20***	−14.2***	−2.41***	3.04***	2.89***							0.99	1.73*	−0.04
INFR	(0.015)	(0.793)	(0.000)	(0.073)	(0.147)	(0.000)							(0.082)	(10.853)	(0.000)
GDPG	0.38	5.45***	4.96***	−2.55***	3.31***	4.24***	3.51***	5.90***	1.11	−0.77	−0.13	1.54	−0.53	2.39***	4.07***
GDPG	(0.006)	(0.766)	(0.000)	(0.024)	(0.049)	(0.000)	(0.029)	(2.207)	(0.000)	(0.059)	(6.387)	(0.000)	(0.026)	(3.416)	(0.000)
DCPS	72.32***	−2.50***	3.57***	2.91***	−2.25**	−3.81***	−0.24	6.61***	1.54	−1.21	−3.00***	0.32	−1.38	−2.50***	0.81
DCPS	(0.012)	(0.284)	(0.000)	(0.027)	(0.055)	(0.000)	(0.055)	(3.979)	(0.000)	(0.033)	(3.579)	(0.000)	(0.034)	(4.544)	(0.000)
HHI	1.96**	−6.32***	−5.86***	0.06	2.54***	−1.49**
HHI	(15.312)	(886.59)	(0.025)	(46.203)	(93.580)	(0.066)
Obs.	11,892	11,892	11,892	5,548	5,548	5,548	1,586	1,586	1,586	1,586	1,586	1,586	3,965	3,965	3,965

	All sample			Before crisis			During crisis			After crisis			Dodd-frank Act
Variables	ROAA	ROAE	NIM	ROAA	ROAE	NIM	ROAA	ROAE	NIM	ROAA	ROAE	NIM	ROAA	ROAE	NIM
SIZE	−0.08	1.01	0.84	0.06	1.40	1.02	1.50	−0.09	0.39	−1.17	1.12	0.44	−1.43	0.53	0.06
SIZE	(3.54e)	(2.28e)	(6.30e)	(2.96e)	(5.99e)	(4.20e)	(2.22e)	(1.57e)	(3.14e)	(2.02e)	(2.16e)	(4.26e)	(1.36e)	(1.78e)	(2.68e)
EPS	11.68***	0.37	0.73	0.21	4.00***	3.93	3.53***	0.03	0.34	1.39	0.78	−1.17	26.46***	0.20	−0.33
EPS	(0.000)	(0.000)	(2.41e)	(0.000)	(0.000)	(4.55e)	(0.000)	(0.003)	(5.56e)	(0.000)	(0.021)	(4.10e)	(0.000)	(0.009)	(1.45e)
ETA	15.49***	0.28	23.33***	41.09***	−14.10***	15.52***	−10.61***	0.12	−2.64***	−5.52***	0.32	14.72***	−5.99***	0.03	41.73***
ETA	(1.143)	(76.28)	(0.002)	(1.387)	(2.696)	(0.002)	(3.415)	(231.06)	(0.005)	(4.932)	(505.77)	(0.011)	(2.458)	(333.4)	(0.005)
MCTA	−1.93	0.27	−3.13	−9.88***	5.08***	−3.74	1.33	0.28	0.35	2.72***	−0.07	−10.43***	5.43***	0.02	−22.57***
MCTA	(2.50e)	(0.000)	(4.49e)	(0.000)	(0.000)	(2.59e)	(0.000)	(0.016)	(3.24e)	(0.002)	(0.176)	(0.000)	(0.001)	(0.153)	(0.000)
ASSETGDP	−0.45	−1.33	−1.09	−1.90	−1.11	−2.12	−1.16	0.06	−0.31	1.01	−1.17	0.16	1.89	−0.62	1.61
ASSETGDP	(5.45e)	(3.49e)	(9.69e)	(6.03e)	(1.20e)	(8.56e)	(3.34e)	(0.000)	(4.73e)	(2.60e)	(0.000)	(5.48e)	(1.30e)	(0.000)	(2.55e)
MCGDP	1.48	0.46	0.58	0.56	−0.00	1.22	1.78**	−0.15	0.49	2.36**	−0.44	−0.71	1.07	−0.30	−0.34
MCGDP	(6.60e)	(0.000)	(1.17e)	(4.85e)	(9.80e)	(6.88e)	(0.000)	(0.042)	(8.34e)	(0.000)	(0.074)	(1.46e)	(0.000)	(0.072)	(1.08e)
INFR	0.90	−4.20***	−14.2***	−2.41***	3.04***	2.89***							0.99	1.73*	−0.04
INFR	(0.015)	(0.793)	(0.000)	(0.073)	(0.147)	(0.000)							(0.082)	(10.853)	(0.000)
GDPG	0.38	5.45***	4.96***	−2.55***	3.31***	4.24***	3.51***	5.90***	1.11	−0.77	−0.13	1.54	−0.53	2.39***	4.07***
GDPG	(0.006)	(0.766)	(0.000)	(0.024)	(0.049)	(0.000)	(0.029)	(2.207)	(0.000)	(0.059)	(6.387)	(0.000)	(0.026)	(3.416)	(0.000)
DCPS	72.32***	−2.50***	3.57***	2.91***	−2.25**	−3.81***	−0.24	6.61***	1.54	−1.21	−3.00***	0.32	−1.38	−2.50***	0.81
DCPS	(0.012)	(0.284)	(0.000)	(0.027)	(0.055)	(0.000)	(0.055)	(3.979)	(0.000)	(0.033)	(3.579)	(0.000)	(0.034)	(4.544)	(0.000)
HHI	1.96**	−6.32***	−5.86***	0.06	2.54***	−1.49**
HHI	(15.312)	(886.59)	(0.025)	(46.203)	(93.580)	(0.066)
Obs.	11,892	11,892	11,892	5,548	5,548	5,548	1,586	1,586	1,586	1,586	1,586	1,586	3,965	3,965	3,965

Note(s): The table reports the impacts of the explanatory of listed firms' financial variables and standard errors are reported in parentheses. ***, ** and * indicate statistical significance at the 1%, 5% and 10% levels, respectively. We used to follow three financial crisis period: before crisis (2000–2006), during crisis (2007–2010), after crisis (2011–2014) and DFA (2010–2014)

Source(s): Composed by authors. Proceed data. 2024

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