Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 6 Regression result for the relationship between market structure and profitability.

From: Competition and bank profitability

Dependent var:	HHI			CR4
ROA	Coef	T stat	P value	Coef	T stat	P value
Independent variables
CI	− 0.482	− 2.81	0.005	− 0.0482	− 2.8	0.005
NPL	− 0.065	− 4.53	0.000	− 0.0664	− 4.67	0.000
HHIownership	− 4.00E−05	− 1.82	0.068	− 3.81E−04	− 1.73	0.084
Eqta	3.159	2.48	0.013	3.2019	2.52	0.012
DBClass	− 0.368	− 3.91	0.001	− 0.447426	− 3.76	0.000
constant	1.927	0.22	0.827	79.3036	3.18	0.001
Market structure	0.009	0.45	0.653	− 309.1588	− 3.11	0.002
Market structure 2	− 4.50E−06	− 0.33	0.741	325.9586	3.18	0.001
R Sq	0.4763			0.4735
Number of observations	1234			1234
Number of samples	93			93

Clustering is applied in the random effect regression to deal with heteroskedasticity and autocorrelation

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