Table 6 Effect of governor’s gender and social capital on financial stability
From: Does competence of central bank governors influence financial stability?
LLC | NPL | CAR | CRISIS | |||||
|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | |
C | − 11.719 (− 0.44) | 8.255 (0.41) | 17.833*** (2.97) | 12.725*** (2.73) | 5.699* (1.67) | 8.747*** (3.32) | 0.015 (0.03) | 0.419 (1.42) |
MALE | 19.975** (2.02) | − 5.108** (− 2.36) | 3.047** (2.48) | 0.299 (1.45) | ||||
EA*MALE | − 26.348** (− 2.17) | 4.392 (1.54) | − 2.643* (− 1.64) | − 0.142 (− 0.64) | ||||
FEMALE | − 19.975 (− 2.02) | 5.108** (2.36) | − 3.047*** (− 2.48) | − 0.299 (− 1.45) | ||||
EA*FEMALE | 26.348*** (2.17) | − 4.391 (− 1.54) | 2.643* (1.64) | 0.142 (0.64) | ||||
PE | 0.297 (0.03) | 0.297 (0.03) | − 0.906 (− 0.46) | − 0.906 (− 0.46) | 2.931** (2.59) | 2.931** (2.59) | 0.195 (1.35) | 0.195 (1.35) |
EE | 1.648 (0.25) | 1.648 (0.25) | 1.318 (0.88) | 1.318 (0.88) | 1.771** (2.13) | 1.771** (2.13) | 0.189* (1.86) | 0.189* (1.86) |
EA | 21.220* (1.96) | 21.220* (1.96) | − 3.831 (− 1.47) | 0.561 (0.37) | 2.374 (1.59) | − 0.268 (− 0.323) | − 0.037 (− 0.21) | − 0.179 (− 1.57) |
PD | − 11.375 (− 1.54) | − 11.375 (− 1.54) | − 4.642*** (− 2.64) | − 4.642*** (− 2.64) | 2.084** (2.08) | 2.084** (2.08) | 0.163 (1.29) | 0.163 (1.29) |
AGE | 1.035*** (3.27) | 1.035*** (3.27) | − 0.100 (− 1.41) | − 0.100 (− 1.41) | 0.071* (1.75) | 0.071* (1.75) | − 0.004 (− 0.89) | − 0.004 (− 0.89) |
GDPR | 1.130* (1.96) | 1.130* (1.96) | 0.035 (0.24) | 0.035 (0.24) | − 0.034 (− 0.39) | − 0.034 (− 0.39) | − 0.011 (− 1.36) | − 0.011 (− 1.36) |
INF | 0.099 (0.48) | 0.099 (0.48) | 0.012 (0.12) | 0.012 (0.12) | 0.038 (0.56) | 0.038 (0.56) | 0.0001 (0.03) | 0.0001 (0.03) |
INT | − 0.291 (− 0.85) | − 0.291 (− 0.85) | 0.148 (1.55) | 0.148 (1.55) | − 0.112* (− 1.75) | − 0.112* (− 1.75) | 0.014*** (2.78) | 0.014*** (2.78) |
R2 | 85.40 | 86.24 | 65.37 | 65.95 | 66.47 | 66.47 | 48.65 | 48.65 |
Adjusted R2 | 81.97 | 83.00 | 57.13 | 57.85 | 58.25 | 58.25 | 36.13 | 36.13 |
F-statistic | 24.89 | 26.67 | 7.94 | 8.14 | 8.08 | 8.08 | 3.89 | 3.89 |
Fixed effect | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Observations | 206 | 206 | 204 | 204 | 199 | 199 | 200 | 200 |