Productivity a year after the subsidy | 0.069 | 0.077 | 0.071 | 647 | 647 | 0.91 | No | – |
DProductivity | −0.333 | 0.052 | 0.055 | 647 | 647 | −0.64 | – | |
Asset rate growth | −789,640 | 686,723 | 731,367 | 650 | 650 | −1.15 | – | |
ROA | 4,017 | 2,846 | 2,721 | 554 | 554 | 1.41 | – | |
DROA | 1,225 | 2,807 | 2,525 | 554 | 554 | 0.44 | – | |
Productivity a year after the subsidy | −0.293 | 0.100 | 0.102 | 1066 | 647 | −0.29 | Yes | – |
DProductivity | 0.040 | 0.664 | 0.660 | 1066 | 647 | 0.61 | – | |
Asset rate growth | −164.064 | 263.881 | 142.815 | 1067 | 650 | −0.33 | – | |
ROA | 2.046 | 1.818 | 1.845 | 919 | 554 | 1.13 | – | |
DROA | 2.164 | 1.812 | 1.875 | 919 | 554 | 1.19 | – | |
Productivity a year after the subsidy | 0.059 | 0.082 | 0.816 | 631 | 647 | 0.71 | No | – |
DProductivity | 0.002 | 0.531 | 0.055 | 631 | 647 | 0.04 | – | |
Asset rate growth | −145.804 | 147.512 | 125.131 | 633 | 650 | −0.99 | – | |
ROA | 3.823 | 2.914 | 1.999 | 541 | 554 | 1.31 | No | |
DROA | 2.945 | 2.864 | 2.124 | 541 | 554 | 1.03 | – | |
Productivity a year after the subsidy | 0.112 | 0.079 | 0.084 | 638 | 647 | 1.41 | No | – |
DProductivity | −0.022 | 0.053 | 0.055 | 638 | 647 | −0.42 | – | |
Asset rate growth | −164.339 | 143.685 | 164.803 | 640 | 650 | −1.14 | No | – |
ROA | 4.124 | 2.886 | 2.939 | 546 | 554 | 1.43 | – | |
DROA | 1.314 | 2.846 | 2.643 | 546 | 554 | 0.46 | – | |
Productivity a year after the subsidy | −0.006 | 0.075 | 0.065 | 1066 | 647 | −0.08 | Yes | – |
DProductivity | 0.024 | 0.050 | 0.048 | 1066 | 647 | 0.49 | – | |
Asset rate growth | −82.209 | 149.109 | 91.829 | 1067 | 650 | −0.55 | – | |
ROA | 1.511 | 1.765 | 1.632 | 919 | 554 | 0.86 | – | |
DROA | 1.634 | 1.742 | 1.723 | 919 | 554 | 0.94 | – | |
Productivity a year after the subsidy | 0.001 | 0.074 | 0.073 | 1070 | 642 | 0.009 | Yes | |
DProductivity | 0.021 | 0.050 | 0.049 | 1070 | 642 | 0.411 | ||
Asset rate growth | −97.280 | 102.287 | 97.256 | 1070 | 642 | −0.951 | ||
ROA | 1.609 | 1.638 | 1.873 | 1070 | 642 | 0.983 | ||
DROA | 1.703 | 1.623 | 1.588 | 1070 | 642 | 1.050 |
0.116 | 0.173 | 0.125 | 0.252 | −0.072 | 0.154 | |
−0.013 | 0.278 | −0.0188 | 0.270 | 0.021 | 0.061 | |
1.263 | 0.000 | 1.315 | 0.001 | 3.908 | 0.000 | |
−0.053 | 0.001 | −0.056 | 0.002 | −0.183 | 0.000 | |
0.775 | 0.067 | 0.966 | 0.039 | 1.087 | 0.055 | |
−0.125 | 0.227 | −0.171 | 0.131 | −0.178 | 0.176 | |
0.0108 | 0.049 | 0.016 | 0.010 | 0.049 | 0.109 | |
Construction | 0.699 | 0.001 | 0.785 | 0.002 | 0.889 | 0.014 |
Other | −0.141 | 0.186 | −0.123 | 0.303 | −0.046 | 0.768 |
− | − | − | ||||
1720 | 1354 | 850 | ||||
0.023 | 0.027 | 0.035 | ||||
Fulfilled | Fulfilled | Fulfilled | ||||
−1.17 | 0.240 | −1.09 | 0.274 | −0.38 | 0.706 | |
13.63 | 0.092 | 10.12 | 0.257 | 6.20 | 0.624 |
2005 | 76,120.45 | 99,897.67 | 19,569.96 | 37,873.50 | 80,821.06 | 4,420.79 | 404,733.40 |
2006 | 83,613.87 | 109,236.30 | 21,594.84 | 42,021.25 | 89,475.37 | 4,834.65 | 441,146.70 |
2007 | 94,629.00 | 123,088.10 | 24,375.05 | 49,093.20 | 101,819.00 | 4,881.37 | 496,364.00 |
2008 | 11,7970.8 | 175,793.30 | 25,224.33 | 50,964.54 | 112,233.9 | 5,275.76 | 716,159.30 |
2009 | 83,833.34 | 106,042.80 | 20,632.80 | 39,637.02 | 90,697.10 | 5,306.50 | 415,198.40 |
2010 | 104,954.10 | 142,875.80 | 24,125.26 | 47,695.07 | 110,198.70 | 4,654.68 | 568,563.00 |
2005 | 1.777 | 1.366 | 0.825 | 1.511 | 2.416 | 0.007 | 11.088 |
2006 | 1.673 | 1.247 | 0.803 | 1.471 | 2.195 | 0.001 | 7.840 |
2007 | 1.798 | 1.429 | 0.773 | 1.508 | 2.361 | 0.002 | 8.223 |
2008 | 1.785 | 1.549 | 0.806 | 1.454 | 2.280 | 0.001 | 12.628 |
2009 | 1.767 | 1.635 | 0.755 | 1.391 | 2.357 | 0.001 | 14.452 |
2010 | 1.705 | 1.523 | 0.737 | 1.417 | 2.168 | 0.005 | 13.670 |
2005/06 | 14.562 | 28.806 | 0 | 8.408 | 24.043 | 0 | 241.968 |
2006/07 | 15.534 | 37.192 | 0 | 8.647 | 21.646 | 0 | 335.140 |
2007/08 | 16.832 | 71.702 | 0 | 5.467 | 18.693 | 0 | 586.462 |
2008/09 | 48.259 | 164.670 | 0 | 2.165 | 41.989 | 0 | 496.961 |
2009/10 | 86.137 | 199.951 | 0 | 6.950 | 91.379 | 0 | 575.263 |
2005 | 9.212 | 10.042 | 2.393 | 6.129 | 11.957 | 0.070 | 49.916 |
2006 | 9.391 | 9.822 | 2.752 | 6.227 | 12.755 | 0.069 | 48.891 |
2007 | 9.894 | 10.364 | 2.792 | 6.5807 | 13.163 | 0.052 | 49.187 |
2008 | 9.211 | 9.667 | 2.500 | 5.968 | 12.866 | 0.059 | 44.743 |
2009 | 9.570 | 10.889 | 2.159 | 6.250 | 12.824 | 0.043 | 48.471 |
2010 | 8.547 | 9.460 | 2.313 | 5.574 | 11.256 | 0.047 | 41.475 |
2005 | 10.266 | 1.298 | 9.512 | 10.178 | 11.020 | 2.646 | 15.292 |
2006 | 10.389 | 1.388 | 9.555 | 10.249 | 11.167 | 5.032 | 15.2177 |
2007 | 10.513 | 1.360 | 9.757 | 10.407 | 11.379 | 5.157 | 15.488 |
2008 | 10.652 | 1.349 | 9.791 | 10.548 | 11.431 | 5.806 | 14.777 |
2009 | 10.525 | 1.316 | 9.705 | 10.376 | 11.250 | 5.315 | 15.471 |
2010 | 10.635 | 1.328 | 9.849 | 10.543 | 11.378 | 2.978 | 15.809 |
2005 | 0.074 | 0.145 | 0 | 0.005 | 0.081 | 0 | 0.794 |
2006 | 0.075 | 0.153 | 0 | 0.004 | 0.071 | 0 | 0.986 |
2007 | 0.071 | 0.135 | 0 | 0.010 | 0.087 | 0 | 0.847 |
2008 | 0.070 | 0.133 | 0 | 0.005 | 0.082 | 0 | 0.884 |
2009 | 0.080 | 0.160 | 0 | 0.007 | 0.083 | 0 | 0.746 |
2010 | 0.063 | 0.125 | 0 | 0.003 | 0.070 | 0 | 0.837 |
2005 | 0.113 | 0.117 | 0.051 | 0.094 | 0.165 | 0 | 0.686 |
2006 | 0.129 | 0.108 | 0.062 | 0.104 | 0.179 | 0 | 0.701 |
2007 | 0.112 | 0.112 | 0.050 | 0.096 | 0.160 | 0 | 0.683 |
2008 | 0.099 | 0.121 | 0.038 | 0.090 | 0.159 | 0 | 0.810 |
2009 | 0.106 | 0.137 | 0.040 | 0.093 | 0.161 | 0 | 0.767 |
2010 | 0.099 | 0.125 | 0.043 | 0.091 | 0.143 | 0 | 0.614 |
2005 | 2.523 | 0.459 | 2.302 | 2.564 | 2.772 | 1.098 | 3.555 |
2005 | 10.765 | 6.368 | 7 | 10 | 13 | 0 | 32 |
−0.53 | −1.86 | 0.067 | −0.00 | −3.56 | 0.001 | |
0.15 | 0.27 | 0.791 | 0.02 | 1.06 | 0.294 | |
0.86 | 7.91 | 0.000 | 0.13 | 26.03 | 0.000 | |
3.02 | 10.72 | 0.000 | 0.07 | 2.89 | 0.005 |
Productivity | 0.069 | 0.086 | 0.097 | 512 | 512 | 0.81 | No | – |
Productivity | −0.096 | 0.096 | 0.099 | 510 | 510 | −1.00 | – | |
DProductivity | −0.028 | 0.062 | 0.065 | 512 | 512 | −0.46 | – | |
DProductivity | −0.183 | 0.074 | 0.071 | 510 | 510 | −2.46 | No | |
Asset growth rate | −37.100 | 16.131 | 15.791 | 513 | 513 | −2.30 | No | |
Asset growth rate | 9.971 | 34.773 | 35.496 | 513 | 513 | 0.29 | – | |
ROA | 0.888 | 0.998 | 1.125 | 513 | 513 | 0.89 | – | |
ROA | 1.156 | 0.711 | 0.810 | 412 | 412 | 1.64 | No | |
DROA | −1.777 | 0.826 | 0.815 | 513 | 513 | −2.15 | No | |
DROA | −2.303 | 0.791 | 0.883 | 412 | 412 | −2.91 | No | |
Productivity | 0.039 | 0.109 | 0.098 | 837 | 512 | 0.36 | Yes | – |
Productivity | −0.165 | 0.140 | 0.132 | 836 | 510 | −1.18 | – | |
DProductivity | 0.080 | 0.075 | 0.078 | 837 | 512 | 1.06 | – | |
DProductivity | −0.112 | 0.111 | 0.105 | 836 | 510 | −1.00 | – | |
Asset growth rate | −10.788 | 18.795 | 20.691 | 838 | 513 | −0.57 | – | |
Asset growth rate | 46.294 | 40.202 | 29.200 | 838 | 513 | 1.15 | – | |
ROA | 0.866 | 1,242 | 1,051 | 838 | 513 | 0.70 | – | |
ROA | −0.268 | 0.829 | 0.678 | 696 | 412 | −0.32 | – | |
DROA | 0,817 | 1,009 | 1,053 | 838 | 513 | 0.81 | – | |
DROA | −0,034 | 0.923 | 0.809 | 696 | 412 | −0.04 | – | |
Productivity | −0.004 | 0.089 | 0.082 | 498 | 512 | −0.04 | Yes | – |
Productivity | −0.157 | 0.102 | 0.102 | 496 | 510 | −1.54 | – | |
DProductivity | −0.015 | 0.063 | 0.064 | 498 | 512 | −0.23 | – | |
DProductivity | −0.161 | 0.080 | 0.084 | 496 | 510 | −2.02 | No | |
Asset growth rate | −16.426 | 16.711 | 17.092 | 498 | 513 | −0.98 | Yes | – |
Asset growth rate | 4.967 | 33.532 | 35.613 | 498 | 513 | 0.15 | – | |
ROA | 0.094 | 1.026 | 1.054 | 498 | 513 | 0.09 | – | |
ROA | −0.245 | 0.693 | 0.726 | 400 | 412 | −0.35 | – | |
DROA | −0.476 | 0.811 | 0.780 | 498 | 513 | −0.59 | – | |
DROA | −1.222 | 0.760 | 0.700 | 400 | 412 | −1.61 | No | |
Productivity | 0.040 | 0.086 | 0.093 | 504 | 512 | 0.47 | No | – |
Productivity | −0.156 | 0.095 | 0.102 | 502 | 510 | −1.64 | No | |
DProductivity | −0.043 | 0.062 | 0.056 | 504 | 512 | −0.69 | – | |
DProductivity | −0.232 | 0.075 | 0.076 | 502 | 510 | −3.07 | No | |
Asset growth rate | −27.875 | 15.225 | 15.800 | 504 | 513 | −1.83 | No | |
Asset growth rate | 38.180 | 35.767 | 37.686 | 504 | 513 | 1.07 | – | |
ROA | 0.807 | 1.007 | 1.021 | 504 | 513 | 0.80 | – | |
ROA | 1.141 | 0.723 | 0.693 | 405 | 412 | 1.58 | No | |
DROA | −2.055 | 0.829 | 0.957 | 504 | 513 | −2.48 | No | |
DROA | −2.630 | 0.791 | 0.787 | 405 | 412 | −3.32 | No | |
Productivity | 0.006 | 0.084 | 0.076 | 837 | 512 | 0.07 | Yes | – |
Productivity | −0.172 | 0.096 | 0.076 | 836 | 510 | −1.79 | Yes | |
DProductivity | 0.017 | 0.059 | 0.061 | 837 | 512 | 0.28 | – | |
DProductivity | −0.152 | 0.074 | 0.070 | 836 | 510 | −2.05 | Yes | |
Asset growth rate | −15.013 | 15.632 | 15.744 | 838 | 513 | −0.96 | – | |
Asset growth rate | 35.051 | 31.372 | 27.829 | 838 | 513 | 1.12 | – | |
ROA | −0.104 | 0.946 | 0.867 | 838 | 513 | −0.11 | – | |
ROA | −0.919 | 0.637 | 0.578 | 696 | 412 | −1.44 | – | |
DROA | −0.209 | 0.760 | 0.733 | 838 | 513 | −0.27 | – | |
DROA | −1.042 | 0.689 | 0.685 | 696 | 412 | −1.51 | – | |
Productivity | −0.001 | 0.080 | 0.089 | 831 | 515 | −0.014 | Yes | |
Productivity | −0.185 | 0.090 | 0.098 | 831 | 515 | −2.068 | ||
DProductivity | 0.007 | 0.059 | 0.067 | 831 | 515 | 0.112 | ||
DProductivity | −0.172 | 0.069 | 0.066 | 831 | 515 | −2.492 | ||
Asset growth rate | −17.199 | 15.675 | 14.735 | 831 | 515 | −1.097 | ||
Asset growth rate | 22.340 | 30.035 | 33.496 | 831 | 515 | 0.744 | ||
ROA | 2.230 | 2.069 | 1.967 | 831 | 515 | 1.078 | ||
ROA | −0.531 | – | 0.679 | 831 | 515 | −0.782 | ||
DROA | 1.608 | 2.040 | 2.033 | 831 | 515 | 0.788 | ||
DROA | −0.980 | – | 0.764 | 831 | 515 | −1.284 |
1983–1998 | North Ireland | (−1.735, 1.013) | 7 | |
1992–1998 | Ireland | (0.0199, 0.0668) | 2 | |
1998–2003 | Italy | (5.33, 17.51) | 3 | |
1986–2004 | Great Britain | (−0.09, 0.026) | 6 | |
2003–2010 | Finland | (−0.064, 0.034) | 18 | |
1995–2001 | Italy | (−8.06, −2.14) | 18 | |
1998–2006 | France | (0.151, 0.2) | 6 | |
1987–1993 | Sweden | (−4.57, 1.93) | 8 | |
2000–2002 | Spain | (0.011, 0.1325) | 8 | |
1995–2003 | Italy | (−0.29, 0.284) | 56 | |
1998–2006 | France | (0.143, 0.215) | 2 | |
1996–2000 | Italy | (8.89, 39.89) | 12 | |
1998–2003 | Italy | (4.50, 5.32) | 3 | |
1990–1999 | Sweden | (−53.46, 107.15) | 78 | |
1986–2004 | Great Britain | (−0.07, 0.553) | 12 | |
1998–2006 | France | 0.168 | 1 | |
1991–1995 | Ireland, North Ireland | (−0.015, 0.201) | 4 | |
1982–1996 | Greece | 0.083 | 1 | |
1998–2003 | Italy | (6.13, 10.07) | 3 | |
1995–2003 | Italy | (0.28, 0.538) | 16 | |
1995–2001 | Italy | (4.45, 8.35) | 36 |
Productivity | 0.112 | 0.115 | 0.125 | 302 | 302 | 0.98 | No | – |
DProductivity | −0.112 | 0.090 | 0.084 | 302 | 302 | −1.24 | – | |
Asset growth rate | −87.850 | 55.623 | 49.382 | 307 | 307 | −1.58 | Yes | |
ROA | −14.994 | 18.085 | 20.287 | 307 | 307 | −0.83 | – | |
DROA | −17.203 | 17.715 | 17.676 | 307 | 307 | −0.97 | – | |
Productivity | 0.099 | 0.140 | 0.132 | 537 | 302 | 0.71 | Yes | – |
DProductivity | 0.054 | 0.104 | 0.094 | 537 | 302 | 0.52 | – | |
Asset growth rate | −23.802 | 100.150 | 45.168 | 537 | 307 | −0.24 | – | |
ROA | 2.514 | 5.515 | 4.076 | 537 | 307 | 0.46 | – | |
DROA | 2.886 | 5.567 | 3.619 | 537 | 307 | 0.52 | – | |
Productivity | 0.973 | 0.125 | 0.122 | 286 | 302 | 0.78 | Yes | – |
DProductivity | −0.001 | 0.1026 | 0.114 | 286 | 302 | −0.01 | – | |
Asset growth rate | −89.562 | 59.594 | 47.787 | 288 | 307 | −1.50 | Yes | |
ROA | 1.117 | 3.403 | 3.273 | 288 | 307 | 0.33 | – | |
DROA | 0.775 | 3.474 | 3.030 | 288 | 307 | 0.22 | – | |
Productivity | 0.118 | 0.118 | 0.123 | 299 | 302 | 1.57 | No | – |
DProductivity | −0.046 | 0.093 | 0.094 | 299 | 302 | −0.49 | – | |
Asset growth rate | −63.818 | −64.134 | 53.133 | 304 | 307 | −1.00 | – | |
ROA | 2.096 | 3.238 | 3.386 | 304 | 307 | 0.65 | – | |
DROA | −0.448 | 3.304 | 3.275 | 304 | 307 | −0.14 | – | |
Productivity | 0.044 | 0.109 | 0.102 | 537 | 302 | 0.40 | Yes | – |
DProductivity | −0.196 | 0.084 | 0.092 | 537 | 302 | −0.23 | – | |
Asset growth rate | −19.336 | 62.620 | 33.639 | 537 | 302 | −0.31 | – | |
ROA | 2.411 | 3.374 | 4.133 | 537 | 307 | 0.71 | – | |
DROA | 2.533 | 3.430 | 3.428 | 537 | 307 | 0.74 | – | |
Productivity | 0.093 | 0.113 | 0.113 | 542 | 302 | 0.819 | Yes | |
DProductivity | −0.027 | 0.094 | 0.093 | 542 | 302 | −0.288 | ||
Asset growth rate | −21.846 | 31.758 | 35.329 | 542 | 302 | −0.688 | ||
ROA | 1.945 | 3.393 | 3.231 | 542 | 302 | 0.573 | ||
DROA | 2.196 | 3.446 | 3.437 | 542 | 302 | 0.637 |
0 | 1 | 0 | x | x | x | 400 |
x | 0 | 1 | 0 | x | x | 231 |
x | x | 0 | 1 | 0 | x | 212 |
x | x | x | 0 | 1 | 0 | 230 |
Σ | ||||||
0 | 0 | 0 | x | x | x | 250 |
x | 0 | 0 | 0 | x | x | 113 |
x | x | 0 | 0 | 0 | x | 150 |
x | x | x | 0 | 0 | 0 | 137 |
0 | 1 | 0 | x | x | x | 400 |
x | 0 | 1 | 0 | x | x | 231 |
x | x | 0 | 1 | 0 | x | 212 |
0 | 0 | 0 | x | x | x | 250 |
x | 0 | 0 | 0 | x | x | 113 |
x | x | 0 | 0 | 0 | x | 150 |
0 | 1 | 1 | 0 | x | x | 251 |
x | 0 | 1 | 1 | 0 | x | 166 |
x | x | 0 | 1 | 1 | 0 | 134 |
0 | 0 | 0 | 0 | x | x | 133 |
x | 0 | 0 | 0 | 0 | x | 91 |
x | x | 0 | 0 | 0 | 0 | 90 |
A year before the subsidy | 0 | 79,803.68 | 112,976.00 | 16,537.94 | 36,342.87 | 82,381.98 | 3,284.50 | 455,219.70 |
1 | 88,695.01 | 112,648.00 | 21,720.75 | 44,171.46 | 102,177.20 | 3,284.50 | 455,219.70 | |
A year after the subsidy | 0 | 81,319.56 | 117,916.10 | 16,537.94 | 36,342.87 | 82,381.98 | 3,818.98 | 484,195.40 |
1 | 90,074.90 | 117,138.50 | 21,720.75 | 44,171.46 | 102,177.20 | 3,818.98 | 484,195.40 | |
A year before the subsidy | 0 | 1.7470 | 1.448 | 0.721 | 1.437 | 2.336 | 0.001 | 11.088 |
1 | 1.7690 | 1.366 | 0.885 | 1.511 | 2.303 | 0.001 | 12.628 | |
A year after the subsidy | 0 | 1.690 | 1.425 | 0.645 | 1.428 | 2.315 | 0.003 | 10.323 |
1 | 1.779 | 1.757 | 0.823 | 1.412 | 2.250 | 0.001 | 35.423 | |
A year before the subsidy | 0 | 8.604 | 9.760 | 2.032 | 5.232 | 11.987 | 0.003 | 64.416 |
1 | 9.489 | 9.908 | 2.840 | 6.539 | 12.609 | 0.001 | 77.003 | |
A year after the subsidy | 0 | 5.479 | 8.943 | 0.279 | 3.677 | 10.653 | 0 | 26.504 |
1 | 5.814 | 9.185 | 0.469 | 4.473 | 10.568 | 0 | 26.504 | |
A year before the subsidy | 0 | 10.339 | 1.457 | 9.503 | 10.249 | 11.154 | 2.646 | 15.488 |
1 | 10.485 | 1.273 | 9.687 | 10.362 | 11.254 | 6.791 | 15.446 | |
A year after the subsidy | 0 | 10.474 | 1.479 | 9.602 | 10.351 | 11.325 | 3.247 | 17.646 |
1 | 10.608 | 1.282 | 9.807 | 10.506 | 11.355 | 3.336 | 15.446 | |
A year before the subsidy | 0 | 0.069 | 0.138 | 0 | 0.004 | 0.071 | 0 | 0.794 |
1 | 0.075 | 0.145 | 0 | 0.006 | 0.082 | 0 | 0.794 | |
A year after the subsidy | 0 | 0.063 | 0.141 | 0 | 0.002 | 0.056 | 0 | 1.309 |
1 | 0.083 | 0.155 | 0 | 0.009 | 0.098 | 0 | 1.142 | |
A year before the subsidy | 0 | 0.132 | 0.096 | 0.065 | 0.105 | 0.172 | 0.003 | 0.506 |
1 | 0.140 | 0.096 | 0.072 | 0.117 | 0.185 | 0.002 | 0.507 | |
A year after the subsidy | 0 | 0.119 | 0.097 | 0.048 | 0.093 | 0.166 | 0.003 | 0.498 |
1 | 0.129 | 0.094 | 0.054 | 0.102 | 0.161 | 0.012 | 0.457 | |
A year before the subsidy | 0 | 2.476 | 0.533 | 2.197 | 2.564 | 2.772 | 0 | 3.526 |
1 | 2.439 | 0.529 | 2.197 | 2.484 | 2.708 | 0 | 3.555 |