Variables | ROA as dependent variable | ROE as dependent variable |
---|---|---|
Coefficients | Coefficients | |
Lag (ROA/ROE) | − 0.1733 | 0.78 |
ITeco | − 0.183* | 0.118 |
CR | 0.774 | 0.206 |
Leverage | 0.575 | − 0.18 |
Bank size | − 0.323 | − 0.785 |
No of obs | 200 | Â |
No of instruments | 26 | Â |
No of banks | 40 | Â |
Sargan test | 0.22 | 0.011 |
Arellano–Bond test AR (2) | 0.868 | 0.135 |