Table 3 Summary statistics Variables No....

Table 3

Summary statistics

Variables	No. of obs.	Mean	Min.	Median	Max	SD
ESG	24,302	38.74	6.31	28.47	74.32	16.83
ENV	24,302	39.23	0	43.65	88.25	21.45
SOC	24,302	42.34	5.18	44.84	89.44	20.92
CG	24,302	49.72	3.11	50.68	92.23	23.32
TA	24,302	5.57	0.057	5.38	11.22	2.28
Equity	24,302	4.59	0.09	4.35	10.48	2.21
Leverage	24,302	0.59	0.04	0.53	1.51	2.75
ROA	24,302	1.34	−0.59	0.05	0.34	72.56

Variables	No. of obs.	Mean	Min.	Median	Max	SD
ESG	24,302	38.74	6.31	28.47	74.32	16.83
ENV	24,302	39.23	0	43.65	88.25	21.45
SOC	24,302	42.34	5.18	44.84	89.44	20.92
CG	24,302	49.72	3.11	50.68	92.23	23.32
TA	24,302	5.57	0.057	5.38	11.22	2.28
Equity	24,302	4.59	0.09	4.35	10.48	2.21
Leverage	24,302	0.59	0.04	0.53	1.51	2.75
ROA	24,302	1.34	−0.59	0.05	0.34	72.56

Note(s):

The table reports summary statistics for the sample. The variables are defined in Table 1. The entire sample contains 24,302 firm-year observations. The descriptive statistics include the key variables’ mean, minimum, median, maximum and standard deviation

Source(s): Authors’ own work

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