From: Bank efficiency in Middle East and North African countries: Does political connection type matter?
CE | TE | AE | CE | TE | AE | CE | TE | AE | |
---|---|---|---|---|---|---|---|---|---|
A_PC | − 0.042*** | − 0.053*** | − 0.166* | ||||||
(− 3.43) | (− 3.82) | (− 1.74) | |||||||
CEO_PC | − 0.022*** | − 0.024*** | − 0.290** | ||||||
(− 3.26) | (− 3.21) | (− 2.41) | |||||||
BD_PC | − 0.006*** | − 0.002*** | − 0.085*** | ||||||
(− 3.12) | (− 3.08) | (− 3.53) | |||||||
SIZE | − 0.062** | − 0.034** | − 0.097*** | − 0.065** | − 0.035** | − 0.094*** | − 0.065** | − 0.037** | − 0.094*** |
(− 2.45) | (− 2.53) | (− 3.80) | (− 2.44) | (− 2.30) | (− 3.77) | (− 2.43) | (− 2.44) | (− 3.77) | |
CAR | − 0.139 | − 0.053 | 0.271 | − 0.113 | − 0.049 | 0.199 | − 0.109 | − 0.05 | 0.104 |
(− 0.98) | (− 0.70) | (0.65) | (− 0.87) | (− 0.61) | (0.52) | (− 0.85) | (− 0.65) | (0.27) | |
CRD_RQ | − 0.001 | − 0.033*** | 0.037 | − 0.003 | − 0.032*** | − 0.003 | − 0.002 | − 0.028*** | 0.016 |
(− 0.05) | (− 3.48) | (0.83) | (− 0.24) | (− 3.21) | (− 0.24) | (− 0.18) | (− 2.77) | (0.33) | |
PROF | 0.122** | − 0.021 | − 0.115 | 0.107*** | − 0.0198 | − 0.151 | 0.106** | − 0.023 | − 0.134 |
(2.48) | (− 0.67) | (− 0.94) | (2.58) | (− 0.61) | (− 1.23) | (2.56) | (− 0.72) | (− 1.12) | |
BAN_CON | 0.002 | 0.001 | 0.003 | 0.004 | 0.001 | 0.002 | 0.003 | 0.001 | 0.002 |
(− 0.20) | (0.71) | (1.18) | (− 0.09) | (0.62) | (0.77) | (− 0.17) | (0.64) | (0.98) | |
DOM_CR | 0.001 | 0.001 | 0.001* | 0.001* | 0.001 | 0.0017* | 0.001 | 0.001 | 0.001* |
(0.18) | (0.47) | (1.77) | (1.61) | (0.41) | (1.81) | (0.10) | (0.49) | (1.77) | |
GDP_GR | 0.004 | − 0.002 | − 0.019* | 0.004 | − 0.002 | − 0.021* | 0.004 | − 0.002 | − 0.021* |
(0.96) | (− 0.93) | (− 1.73) | (1.10) | (− 0.80) | (− 1.87) | (1.07) | (− 0.94) | (− 1.89) | |
INF | 0.158 | 0.084 | − 0.75 | 0.079 | 0.098 | − 0.147 | 0.113 | 0.104 | − 0.346 |
(0.69) | (0.90) | (− 1.04) | (0.33) | (0.89) | (− 0.21) | (0.44) | (1.07) | (− 0.46) | |
POL_RISK | 0.134 | 0.303 | 0.227 | 0.035 | 0.206 | 0.677 | 0.058 | 0.259 | 0.542 |
(.30) | (1.07) | (0.93) | (0.08) | (0.74) | (1.27) | (0.13) | (0.94) | (1.18) | |
WEPU | − 0.013 | − 0.003 | − 0.125 | − 0.031 | − 0.009 | − 0.053 | − 0.03 | − 0.005 | − 0.041 |
(− 0.22) | (− 0.11) | (− 0.74) | (− 0.59) | (− 0.31) | (− 0.33) | (− 0.55) | (− 0.16) | (− 0.25) | |
PAND_CRIS | − 0.297*** | − 0.078*** | − 0.393*** | − 0.295*** | − 0.071*** | − 0.296*** | − 0.298*** | − 0.075*** | − 0.386*** |
(− 3.25) | (− 3.63) | (− 3.41) | (− 3.49) | (− 3.18) | (− 3.49) | ( − 3.62) | ( − 3.31) | (− 3.03) | |
L.CE | 0.0421*** | 0.047*** | 0.055*** | ||||||
(4.47) | (5.54) | (4.66) | |||||||
L.TE | 0.095*** | 0.188*** | 0.114*** | ||||||
(4.31) | (4.62) | (4.307) | |||||||
L.AE | 0.172*** | 0.162*** | 0.185*** | ||||||
(3.61) | (3.51) | (3.71) | |||||||
Year dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Country dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
p-value AR(1) | 0.1550 | 0.1904 | 0.2768 | 0.1455 | 0.2031 | 0.1509 | 0.1076 | 0.1820 | 0.1254 |
p-value AR(2) | 0.9491 | 0.7894 | 0.1054 | 0.8616 | 0.5962 | 0.2888 | 0.9951 | 0.6474 | 0.2844 |
p-value (Hansen test) | 0.6842 | 0.3264 | 0.6487 | 0.7901 | 0.1438 | 0.7441 | 0.6223 | 0.1177 | 0.8164 |