Skip to main content

Table 9 Double bootstrap truncated regression results: RAM technical efficiency

From: What explains the technical efficiency of banks in Tunisia? Evidence from a two-stage data envelopment analysis

 

Model 1

Model 2

Model 3

Model 4

Model 5

Model 6

Model 7

Model 8

Model 9

Model 10

Model 11

Model 12

Conclusion

Rate (%)

Time

0.62***

(0.00)

0.94***

(0.00)

0.64***

(0.00)

0.96***

(0.00)

0.09

(0.41)

0.16

(0.14)

0.10

(0.32)

0.18

(0.11)

0.32*

(0.06)

0.34**

(0.05)

0.33*

(0.05)

0.35*

(0.05)

Positive

67

Size

− 25.95***

(0.00)

− 30.66***

(0.00)

− 26.21***

(0.00)

− 30.81***

(0.00)

–

–

–

–

–

–

–

–

Negative

100

N_B

–

–

–

–

− 0.13***

(0.00)

− 0.14***

(0.00)

− 0.13***

(0.00)

− 0.14***

(0.00)

–

–

–

–

Negative

100

Staffing

–

–

–

–

–

–

–

–

− 0.47***

(0.00)

− 0.49***

(0.00)

− 0.47***

(0.00)

− 0.49***

(0.00)

Negative

100

ROA

–

–

0.45

(0.16)

0.45

(0.12)

–

–

0.17

(0.57)

0.14

(0.64)

–

–

− 0.03

(0.94)

− 0.05

(0.91)

Non-significant

100

ROE

0.00

(0.62)

0.00

(0.54)

–

–

− 0.00

(0.57)

− 0.00

(0.51)

–

–

− 0.00

(0.71)

− 0.00

(0.71)

–

–

Non-significant

100

EIR

0.12**

(0.04)

0.15***

(0.00)

0.12**

(0.03)

0.16***

(0.00)

− 0.03

(0.54)

− 0.01

(0.80)

− 0.03

(0.58)

− 0.01

(0.83)

0.09

(0.22)

0.12*

(0.08)

0.09

(0.21)

0.12*

(0.08)

Positive

50

LDR

0.00

(1.00)

–

− 0.00

(0.97)

–

0.03

(0.35)

–

0.03

(0.36)

–

0.06*

(0.07)

–

0.06**

(0.06)

–

Positive

33

LAR

–

− 0.22***

(0.00)

–

− 0.21***

(0.00)

–

− 0.10**

(0.04)

–

− 0.09**

(0.05)

–

− 0.03

(0.63)

–

− 0.03

(0.65)

Negative

67

CAR

0.42***

(0.01)

0.40***

(0.01)

0.33*

(0.05)

0.32**

(0.04)

0.60***

(0.00)

0.66***

(0.00)

0.54***

(0.00)

0.60**

(0.00)

0.46**

(0.02)

0.57***

(0.00)

0.44**

(0.03)

0.56***

(0.01)

Positive

100

Inflation

0.72

(0.21)

0.36

(0.49)

0.66

(0.23)

0.32

(0.54)

1.08**

(0.04)

1.00*

(0.06)

0.99*

(0.06)

0.91*

(0.09)

1.35**

(0.05)

1.44**

(0.04)

1.31*

(0.06)

1.40**

(0.04)

Positive

67

Growth

− 0.37

(0.15)

− 0.42*

(0.07)

− 0.35

(0.17)

− 0.41*

(0.08)

− 0.33

(0.17)

− 0.37

(0.13)

− 0.29

(0.23)

− 0.33

(0.16)

− 0.33

(0.27)

− 0.40

(0.19)

− 0.31

(0.30)

− 0.38

(0.21)

Negative

17

Ownership

− 0.64

(0.54)

− 2.24**

(0.01)

− 0.76

(0.48)

− 2.34***

(0.01)

2.40***

(0.01)

1.49*

(0.06)

2.39***

(0.01)

1.51*

(0.06)

2.24*

(0.07)

0.90

(0.39)

2.25*

(0.06)

0.92

(0.39)

Significant

67

Revolution

− 1.32

(0.43)

− 1.05

(0.50)

− 1.26

(0.45)

− 0.98

(0.53)

− 1.84

(0. 25)

− 1.90

(0.24)

− 1.81

(0.25)

− 1.87

(0.24)

− 0.09

(0.97)

− 0.21

(0.92)

− 0.08

(0.97)

− 0.21

(0.92)

Non-significant

100

Constant

− 989***

(0.00)

− 1595***

(0.00)

− 1021***

(0.00)

− 1617**

(0.00)

− 73

(0.72)

− 221

(0.31)

− 104

(0.61)

− 246

(0.26)

− 552*

(0.10)

− 583*

(0.09)

− 575*

(0.09)

− 602*

(0.09)

Negative

67

  1. ***, ** and * denote significance at 1%, 5%, and 10%, respectively; p-values are given between parentheses