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Table 6 Results of Generalized Method of Moments (GMM) in system: (Dependent Variable: NIM)

From: Testing the governance-performance relationship for the Tunisian banks: a GMM in system analysis

NimCoef.Std. Err.ZP > z
NimL1.0,7440,39418900,059*
BS0,0040,00223600,018**
Dual0,0010,00113700,170
Ind0,0030,00124600,014**
State0.8270.3522.3470.019**
Ext−0,6940,285− 24300,015**
Inst−13210,541− 24400,015**
Cro0,0110,00715900,111
Comp−1.6280.835−1.950.051*
Size−0,2010,079−2.5350,012**
Liqr−0,0020,018−0,1300,896
Cdr−0,0080,003− 30500,002***
_cons0,3250,13424300,015**
AR (1) −0.4951  
P-value 0.6205  
AR (2) 0.1220  
P-value 0.9028  
Sargan Test 6.7831  
P-value 0.6987  
Observations 180  
  1. ***, ** and * indicate level of significance at 1%, 5% and 10% respectively
  2. Source: Author’s calculations based on data from the banks’ annual reports