Measurement and Analysis of the Competitiveness of China Commercial Bank’s Loan Market

Table 4

Estimated results.

	All banks		State-owned commercial banks		Joint-stock commercial bank
	Unconstrained	Constrained	Unconstrained	Constrained	Unconstrained	Constrained
Intercept	1.3721	1.1543	−7.2560	−2.7534	−0.1463	−0.2293
	0.8945	0.9044	1.8348	1.4696	1.0956	1.1467
	−0.0013	0.0056	−0.0678	−0.0456	−0.0259	−0.0196
	1.0487	0.6329	−0.3174	−0.0063	1.0073	0.8547
	0.2767		−0.1819		−0.2694
	−0.0064	0.0145	0.0458	0.0602	−0.0278	−0.0145
	−0.0369		−0.0465		0.0067
	0.0967	0.0292	0.0178	0.0479	0.0368	−0.0197
)	−0.0543		−0.1054		−0.0640
	−0.0542		−0.1679		−0.0735
	0.0019	0.0170	0.0079	0.0112	0.0049	0.0164
	0.0036	0.0053	0.0075	0.0095	0.0089	0.0086
	0.0029	0.0045	0.0063	0.0082	0.0056	0.0051
	0.0037	0.0046	0.0057	0.0078	0.0027	0.0022
	0.0045	0.0054	0.0075	0.0090	0.0028	0.0025
	0.0017	0.0025	0.0048	0.0062	0.0009	0.0008
	0.0023	0.0030	0.0053	0.0066	0.0046	0.0046
	0.0031	0.0038	0.0058	0.0068	0.0032	0.0034
	0.0047	0.0054	0.0076	0.0087	0.0041	0.0042`
Equation (8)	0.9972	0.9970	0.9857	0.9916	0.9904	0.9867
Equation (10)	0.9968	0.9969	0.9843	0.9924	0.9926	0.9846
Observations	177	177	52	52	125	125

Note. , , and indicate that they are significant at the levels of 1%, 5%, and 10%, respectively; due to space limitations, the estimation results of dummy variables representing banks are not given here.