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Eq. (5) LLP i,j,t-1 0 ,
Cluster 1 ER at Min(SupReg) 0.0714*** [0.0002] 0.0576*** [0.0014] ER at Med(SupReg) 0 ,
total assets; ?L = loan growth rate; ?y = GDP growth rate; EQ = equity/total assets; COM = commissions & fees income ,
augmented (Baseline) Eq. (4) Eq. (5) LLP i,j,t-1 0 ,
total assets; ?L = loan growth rate; ?y = GDP growth rate; EQ = equity/total assets; COM = commissions & fees income ,
augmented (Baseline) Eq. (4) Eq. (5) LLP i,j,t-1 0 ,
total assets; ?L = loan growth rate; ?y = GDP growth rate; EQ = equity/total assets; COM = commissions & fees income ,
) augmented (Baseline) Eq. (3) augmented LLP i,j,t-1 0 ,
0370** (0.0167) -0.0345** (0.0170) Interaction dummies No Yes No Yes Country fixed effects Yes Yes Yes Yes Period fixed effects Yes Yes Yes Yes Wald Tests ,
AdjROE are calculated over 3-year rolling windows; Dummy variables: C1 = equals 1 if bank is in Cluster 1 (low ownership concentration) ,
total assets; ?L = loan growth rate; ?y = GDP growth rate; EQ = equity/total assets; COM = commissions & fees income ,
(3) augmented LLP i,j,t ,
total assets; ?L = loan growth rate; ?y = GDP growth rate; EQ = equity/total assets; COM = commissions & fees income ,
) COM i,j, ) Interaction dummies Yes Yes Yes Yes Country fixed effects Yes Yes Yes Yes Period fixed effects Yes Yes Yes Yes Wald Tests ? ,