Table 9 Lags and Led analysis
From: Competition and microfinance institutions’ performance: evidence from India
Variables | (lag) OSS | (Led) OSS | (Lag) ROA | (Led) ROA |
|---|---|---|---|---|
lnNAB | 0.0339* (0.0190) | 0.0425* (0.0245) | 0.00946 (0.00642) | 0.0145 (0.00935) |
depth | −0.122 (0.217) | 0.195 (0.253) | 0.0772 (0.0704) | 0.213** (0.0896) |
MFI_size | 0.130*** (0.0222) | 0.140*** (0.0208) | 0.0491*** (0.00758) | 0.0616*** (0.00867) |
RL | 0.393*** (0.0696) | 0.132* (0.0717) | 0.227*** (0.0228) | 0.167*** (0.0263) |
age_dum | −0.0199 (0.0275) | 0.0266 (0.0288) | 0.00358 (0.00897) | 0.0135 (0.00919) |
Constant | −1.410*** (0.282) | − 1.448*** (0.243) | −0.968*** (0.0940) | −1.150*** (0.0909) |
Observations | 734 | 727 | 714 | 648 |
R-squared | 0.213 | 0.241 | 0.289 | 0.297 |