(1)

(2)

(3)

(4)

ROA

ROA

ROE

ROA

EPU_

−0.0432^***

−0.0605^***

−0.7535^***

(0.01)

(0.01)

(0.08)

EPUr

−0.1041^***

(0.01)

DPL

0.1157

0.1710^***

−2.0245

0.1416

(0.09)

(0.06)

(1.68)

(0.09)

Size

0.0026

0.0111^*

3.1043^**

−0.0108

(0.08)

(0.01)

(1.24)

(0.08)

Shbor10

−0.0020^*

−0.0025^***

−0.0164

−0.0020^*

(0.00)

(0.00)

(0.02)

(0.00)

Pergdp

−0.3721^***

−0.2526

−11.1812^***

−0.2595^*

(0.13)

(0.17)

(1.86)

(0.14)

M2

0.3425

0.0053

−0.1019

0.9938^*

(0.53)

(0.95)

(7.69)

(0.56)

CPI

5.7923^***

6.9598^***

165.0619^***

5.2462^***

(1.59)

(1.88)

(23.12)

(1.53)

_cons

1.1146

0.5685

−40.3081

1.1497

(2.19)

(0.41)

(32.29)

(2.11)

Fixed-Effect

Y

Y

Y

Y

N

1268

1268

1268

1268

R²

0.2755

0.2756

0.3228

0.2724

F

33.70

-

75.58

37.51

Wald

-

540.04

-

-