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Table 4 Regressions of ROA on log(Total Assets) and controls, for non-SIBs

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

 

(1)

(2)

(3)

(4)

(5)

(6)

(7)

Log(Total Assets)

0.026***

0.006

0.048***

0.036***

0.026***

0.007

0.042***

(0.007)

(0.009)

(0.007)

(0.011)

(0.007)

(0.008)

(0.008)

Deposits/Assets (%)

0.000

   

0.001

0.001

0.000

(0.002)

   

(0.001)

(0.001)

(0.001)

Mortgages/Assets (%)

\(-\)0.006**

   

\(-\)0.001

0.001

\(-\)0.003*

(0.002)

   

(0.002)

(0.002)

(0.002)

Trading/Assets (%)

\(-\)0.007

   

\(-\)0.021***

\(-\)0.016

\(-\)0.034***

(0.008)

   

(0.007)

(0.010)

(0.008)

Net Int. Inc./Op. Inc. (%)

 

\(-\)0.005***

  

\(-\)0.004***

\(-\)0.005***

0.001

 

(0.002)

  

(0.001)

(0.002)

(0.001)

Commission Inc./Op. Inc. (%)

 

0.003*

  

0.003**

0.003*

0.006***

 

(0.002)

  

(0.001)

(0.002)

(0.002)

Trading Inc./Op. Inc. (%)

 

\(-\)0.003

  

\(-\)0.001

\(-\)0.003

0.005

 

(0.004)

  

(0.003)

(0.003)

(0.004)

Capital/Assets (%)

  

0.045***

 

0.038***

0.038***

0.033***

  

(0.008)

 

(0.005)

(0.006)

(0.005)

RWA/Assets (%)

  

\(-\)0.001

 

\(-\)0.004**

\(-\)0.003

\(-\)0.003**

  

(0.002)

 

(0.002)

(0.002)

(0.001)

Domestic/Total Assets (%)

   

\(-\)0.017***

  

0.001

   

(0.006)

  

(0.004)

HHI of Mtg Holdings (/1000)

   

0.015**

  

0.007

   

(0.006)

  

(0.006)

Avg. Local HHI (/1000)

   

0.057***

  

0.041**

   

(0.016)

  

(0.016)

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.)

0.37

0.37

0.37

0.37

0.37

0.38

0.34

SD(dep. var.)

0.18

0.18

0.19

0.19

0.19

0.18

0.17

Adj. R2

0.21

0.28

0.36

0.34

0.44

0.36

0.61

Adj. R2 (within)

0.18

0.26

0.33

0.31

0.42

0.34

0.61

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