Swiss Journal of Economics and Statistics

Table 10 Alternative measures for efficiency and profitability

From: Scale effects on efficiency and profitability in the Swiss banking sector

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
	CIR	CIR\(_{mat}\)	CIR\(_{pers}\)	EAR	CIR	CIR\(_{mat}\)	CIR\(_{pers}\)	EAR
Panel A
Non-SIB, size quintile 2	\(-\)4.115**	\(-\)3.227***	\(-\)0.841	\(-\)0.075	\(-\)2.055	\(-\)2.048	\(-\)0.051	0.053
Non-SIB, size quintile 2	(1.663)	(1.008)	(1.319)	(0.058)	(2.333)	(1.465)	(1.984)	(0.081)
Non-SIB, size quintile 3	\(-\)2.327	\(-\)4.058***	1.756	0.019	\(-\)0.741	\(-\)3.654**	2.872	0.033
Non-SIB, size quintile 3	(1.956)	(1.213)	(1.403)	(0.077)	(2.645)	(1.765)	(1.991)	(0.059)
Non-SIB, size quintile 4	\(-\)4.733**	\(-\)6.790***	2.109	0.013	\(-\)5.722**	\(-\)9.261***	3.529*	\(-\)0.061
Non-SIB, size quintile 4	(2.052)	(1.248)	(1.449)	(0.072)	(2.747)	(1.714)	(2.014)	(0.056)
Non-SIB, size quintile 5	\(-\)6.775***	\(-\)8.594***	1.833	0.024	\(-\)10.676***	\(-\)10.918***	0.186	\(-\)0.061
Non-SIB, size quintile 5	(2.149)	(1.297)	(1.505)	(0.067)	(2.763)	(1.898)	(1.900)	(0.065)
D-SIB	1.739	\(-\)6.550***	8.289***	0.072	1.668	\(-\)7.398*	9.018***	0.107
D-SIB	(1.788)	(2.232)	(1.811)	(0.065)	(2.413)	(4.243)	(3.303)	(0.078)
G-SIB	15.473***	\(-\)6.291***	21.341***	1.129***	14.368***	\(-\)8.381***	22.381***	1.141***
G-SIB	(2.527)	(1.290)	(2.270)	(0.089)	(2.060)	(1.372)	(1.836)	(0.091)
Controls?	No	No	No	No	No	No	No	No
Year FE?	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Years	All	All	All	All	2010–2019	2010–2019	2010–2019	2010–2019
Banks	All	All	All	All	All	All	All	All
Nr. banks	155	155	155	155	101	101	101	101
N	2504	2504	2504	2497	928	928	928	927
Mean(dep. var.)	54.27	23.56	30.71	1.10	58.41	24.96	33.46	1.00
SD(dep. var.)	10.27	6.56	7.10	0.37	9.69	7.14	6.80	0.31
Adj. R2	0.27	0.25	0.34	0.28	0.23	0.33	0.28	0.37

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
	ROA	NOI/TA	RORWA	ROE	ROA	NOI/TA	RORWA	ROE
Panel B
Non-SIB, size quintile 2	\(-\)0.005	0.001	\(-\)0.039	0.143	0.004	\(-\)0.005	\(-\)0.010	0.427
Non-SIB, size quintile 2	(0.024)	(0.035)	(0.051)	(0.269)	(0.032)	(0.044)	(0.059)	(0.319)
Non-SIB, size quintile 3	0.016	\(-\)0.003	\(-\)0.028	0.477	0.011	\(-\)0.004	\(-\)0.004	0.633
Non-SIB, size quintile 3	(0.036)	(0.047)	(0.059)	(0.314)	(0.035)	(0.050)	(0.071)	(0.383)
Non-SIB, size quintile 4	0.090***	0.109**	0.117*	1.388***	0.113***	0.106**	0.188***	1.751***
Non-SIB, size quintile 4	(0.031)	(0.045)	(0.064)	(0.349)	(0.034)	(0.053)	(0.069)	(0.341)
Non-SIB, size quintile 5	0.170***	0.172***	0.281***	2.701***	0.253***	0.261***	0.498***	3.640***
Non-SIB, size quintile 5	(0.031)	(0.047)	(0.066)	(0.377)	(0.038)	(0.048)	(0.082)	(0.483)
D-SIB	0.129**	\(-\)0.044	0.345***	3.816***	0.105	\(-\)0.060	0.382**	2.838**
D-SIB	(0.058)	(0.054)	(0.108)	(0.713)	(0.076)	(0.090)	(0.157)	(1.115)
G-SIB	0.072	\(-\)0.085	0.708***	4.821***	0.007	\(-\)0.087	0.586*	2.649**
G-SIB	(0.091)	(0.114)	(0.220)	(1.294)	(0.064)	(0.057)	(0.314)	(1.227)
Controls?	No	No	No	No	No	No	No	No
Year FE?	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Years	All	All	All	All	2010–2019	2010–2019	2010–2019	2010–2019
Banks	All	All	All	All	All	All	All	All
Nr. banks	155	155	145	155	101	101	101	101
N	2497	2497	2345	2497	927	927	927	927
Mean(dep. var.)	0.37	0.58	0.69	4.81	0.34	0.50	0.69	4.21
SD(dep. var.)	0.19	0.31	0.38	2.61	0.18	0.23	0.37	2.28
Adj. R2	0.15	0.13	0.18	0.25	0.31	0.21	0.30	0.34

Robust standard errors (clustered by bank) in parentheses
Significance: *\(<0.1\), *\(<0.05\), ***\(<0.01\)

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