Table 5 Robust checks: Independent effect of board gender diversity and bank disclosure on banking crisis.
From: Banking disclosure and banking crises in Africa: does board gender diversity play a role?
Variables | Logistic regression | Pooled OLS panel | Fixed effect | Random effect | 2SLS |
|---|---|---|---|---|---|
Model 5 | Model 6 | Model 7 | Model 8 | Model 9 | |
Number of Women | −0.496*** (0.0482) | −0.0426*** (0.00544) | −0.0421*** (0.00225) | −0.0426*** (0.00205) | −0.0873*** (0.0211) |
Women on Boards | −3.245*** (0.859) | −0.218*** (0.0378) | −0.211*** (0.0216) | −0.218*** (0.0194) | −1.590*** (0.205) |
Bank Disclosure | −0.973*** (0.317) | −0.00327** (0.00154) | −0.00312** (0.000775) | −0.00327*** (0.000902) | 0.00610 (0.0101) |
LERNER | 1.835*** (0.186) | 0.110*** (0.0123) | 0.117*** (0.0208) | 0.110*** (0.0217) | −0.0693 (0.0512) |
OWN | 0.899*** (0.185) | 0.0448*** (0.00857) | 0.0450*** (0.00368) | 0.0448*** (0.00324) | −0.00452 (0.0455) |
LnGDP per capita | 0.104*** (0.0186) | 0.00503*** (0.00102) | 0.00569 (0.00477) | 0.00503 (0.00413) | −0.0561*** (0.00885) |
Exchange Rate | −0.000872*** (6.34e-05) | −1.76e-05*** (1.58e-06) | −1.86e-05*** (4.45e-06) | −1.76e-05*** (3.72e-06) | −4.39e-05*** (1.12e-05) |
Inflation Rate | 0.0892*** (0.0134) | 0.00482*** (0.000706) | 0.00543 (0.00401) | 0.00482 (0.00346) | −0.0144*** (0.00453) |
Year Effect | Yes | Yes | Yes | Yes | Yes |
Country Effect | Yes | Yes | Yes | Yes | Yes |
Instrument (Board Expenses) | 0.00764*** (0.000509) | ||||
Constant | −4.722*** (0.500) | −0.0679*** (0.00907) | −0.0766* (0.0378) | −0.0679** (0.0308) | 0.720*** (0.0803) |
Observations | 2,917 | 2,917 | 2,917 | 2,869 | |
R-squared | 0.116 | 0.120 | |||
Pseudo-R square | 0.6122*** | 0.5648*** | |||
Hausman test | |||||
Chi | 15.18 | ||||
Prob>chi | 0.0337** | ||||
Breusch and Pagan Lagrangian Multiplier test | |||||
Chi | 0.00 | ||||
Prob>chi | 1.00 | ||||
