Table 5 Main results (tobit regressions)
From: Bank efficiency in Middle East and North African countries: Does political connection type matter?
Variables | CE (1) | TE (2) | AE (3) | CE (4) | TE (5) | AE (6) | CE (7) | TE (8) | AE (9) |
|---|---|---|---|---|---|---|---|---|---|
A_PC | − 0.064*** | − 0.072*** | − 0.063* | ||||||
(− 3.82) | (− 2.88) | (− 1.92) | |||||||
CEO_PC | − .0.044*** | − 0.032*** | 0.052 | ||||||
(− 3.07) | (− 2.57) | (1.17) | |||||||
BD_PC | − 0.025* | − 0.011* | − 0.043* | ||||||
(− 1.69) | (− 1.77) | (− 1.75) | |||||||
SIZE | − 0.058*** | − 0.057*** | − 0.045*** | − 0.057*** | 0.059*** | − 0.044*** | − 0.058*** | − 0.056*** | − 0.043*** |
(− 4.11) | (− 4.98) | (− 4.82) | (− 4.61) | (− 4.76) | (− 3.82) | (− 4.72) | (− 3.22) | (− 3.73) | |
CAR | − 0.054** | − 0.123*** | 0.005 | − 0.055** | − 0.117*** | 0.005 | − 0.057** | − 0.116*** | 0.008 |
(− 2.30) | (− 6.33) | (0.04) | (− 2.29) | (− 6.32) | (0.04) | (− 2.37) | (− 4.16) | (0.08) | |
CRD_RQ | − 0.041** | − 0.062*** | − 0.255** | − 0.043** | − 0.055*** | − 0.247** | − 0.042** | − 0.058*** | − 0.258** |
(− 2.10) | (− 3.50) | (− 2.35) | (− 2.16) | (− 3.19) | (− 2.30) | (− 2.15) | (− 3.65) | (− 2.41) | |
PROF | 0.279*** | 0.002 | 0.394*** | 0.278*** | 0.002 | 0.393*** | 0.278*** | 0.001 | 0.390*** |
(3.06) | (0.36) | (3.95) | (3.13) | (0.41) | (4.03) | (3.28) | (1.01) | (3.97) | |
BAN_CON | 0.001 | 0.001** | − 0.001 | 0.001 | 0.002** | − 0.001 | 0.001 | 0.001** | − 0.001 |
(1.09) | (2.19) | − 0.80 | (1.02) | (2.45) | (− 0.69) | (1.07) | (2.02) | (− 0.86) | |
DOM_CR | 0.002 | 0.002*** | 0.001* | 0.001* | 0.001*** | 0.001* | 0.001* | 0.001*** | 0.001* |
(1.55) | (3.29) | (1.77) | (1.72) | (1.13) | (1.89) | (1.68) | (2.68) | (1.79) | |
GDP_GR | 0.003** | 0.001 | 0.015*** | 0.003*** | 0.001 | 0.015*** | 0.003*** | 0.001 | 0.015*** |
(2.80) | (1.03) | (3.69) | (2.79) | (0.96) | (3.67) | (2.91) | (1.03) | (3.71) | |
INF | − 0.187** | 0.044 | 0.283 | − 0.194*** | 0.041 | 0.294 | − 0.201*** | 0.037 | 0.320 |
(− 2.53) | (0.99) | (0.96) | (− 2.69) | (0.96) | (1.01) | (− 2.71) | (1.56) | (1.11) | |
POL_RISK | − 0.137* | − 0.064 | − 0.634* | − 0.136** | − 0.077 | − 0.633* | − 0.137** | − 0.057 | − 0.69* |
(− 1.98) | (− 1.13) | (− 1.71) | (− 2.01) | (− 1.36) | (− 1.72) | (− 2.04) | (− 1.53) | (− 1.89) | |
WEPU | − 0.026** | 0.007 | − 0.032 | − 0.027** | 0.006 | − 0.033 | − 0.027** | 0.007 | − 0.026 |
(− 2.01) | (0.70) | (− 0.61) | (− 2.11) | (0.64) | (− 0.63) | (− 2.13) | (0.98) | (− 0.51) | |
PAND_CRIS | − 0.006* | − 0.005** | − 0.014 | − 0.007* | − 0.006*** | − 0.009** | − 0.006*** | − 0.005* | − 0.013*** |
(− 1.75) | (− 2.17) | (− 0.44) | (− 1.78) | (− 2.88) | (− 2.38) | (− 2.78) | (− 1.89) | (− 2.88) | |
Year dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Country dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |