From: Scale effects on efficiency and profitability in the Swiss banking sector
(1) | (2) | (3) | (4) | (5) | (6) | (7) | |
---|---|---|---|---|---|---|---|
Log(Total Assets) | \(-\)1.513*** | \(-\)2.100*** | \(-\)2.018*** | \(-\)2.715*** | \(-\)3.017*** | \(-\)2.165*** | \(-\)4.179*** |
(0.373) | (0.404) | (0.387) | (0.565) | (0.378) | (0.367) | (0.608) | |
Deposits/Assets (%) | \(-\)0.041 | 0.037 | 0.066 | 0.005 | |||
(0.098) | (0.086) | (0.087) | (0.101) | ||||
Mortgages/Assets (%) | \(-\)0.102 | \(-\)0.091 | \(-\)0.160* | 0.004 | |||
(0.083) | (0.092) | (0.088) | (0.132) | ||||
Trading/Assets (%) | 0.268 | 0.018 | \(-\)0.277 | 0.124 | |||
(0.492) | (0.264) | (0.340) | (0.644) | ||||
Net Int. Inc./Op. Inc. (%) | \(-\)0.082 | \(-\)0.107 | \(-\)0.044 | \(-\)0.151 | |||
(0.097) | (0.091) | (0.128) | (0.118) | ||||
Commission Inc./Op. Inc. (%) | 0.189* | 0.193* | 0.218 | 0.130 | |||
(0.105) | (0.099) | (0.139) | (0.147) | ||||
Trading Inc./Op. Inc. (%) | \(-\)0.218 | \(-\)0.266* | \(-\)0.173 | \(-\)0.296 | |||
(0.161) | (0.140) | (0.157) | (0.271) | ||||
Capital/Assets (%) | \(-\)1.375*** | \(-\)1.780*** | \(-\)1.633*** | \(-\)1.670*** | |||
(0.320) | (0.309) | (0.302) | (0.365) | ||||
RWA/Assets (%) | 0.367*** | 0.225*** | 0.276*** | 0.125 | |||
(0.084) | (0.084) | (0.095) | (0.108) | ||||
Domestic/Total Assets (%) | \(-\)0.301 | \(-\)0.198 | |||||
(0.251) | (0.311) | ||||||
HHI of Mtg Holdings (/1000) | \(-\)1.043** | \(-\)0.758* | |||||
(0.425) | (0.443) | ||||||
Avg. Local HHI (/1000) | \(-\)0.235 | \(-\)0.066 | |||||
(1.100) | (1.256) | ||||||
Year FE? | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Bank FE? | No | No | No | No | No | No | No |
Years | All | All | All | All | All | 1997–2006 | 2010–2019 |
Nr. banks | 148 | 148 | 139 | 111 | 139 | 137 | 96 |
N | 2386 | 2386 | 2242 | 1607 | 2242 | 1064 | 880 |
Mean(dep. var.) | 53.72 | 53.72 | 54.14 | 55.78 | 54.14 | 50.90 | 57.89 |
SD(dep. var.) | 9.93 | 9.93 | 9.88 | 9.56 | 9.88 | 9.06 | 9.44 |
Adj. R2 | 0.21 | 0.24 | 0.27 | 0.24 | 0.33 | 0.21 | 0.37 |
Adj. R2 (within) | 0.07 | 0.10 | 0.16 | 0.17 | 0.23 | 0.17 | 0.37 |