Summary statistics for the matched sample of 477 firms and 1,663 firm-years
| Mean | SD | P1 | P25 | P50 | P75 | P99 | |
|---|---|---|---|---|---|---|---|
| Dependent variables | |||||||
| Sales growth (%) | 2.72 | 18.73 | −53.54 | −4.14 | 3.61 | 10.57 | 51.87 |
| Return on assets (%) | 13.01 | 8.39 | −5.30 | 8.43 | 12.29 | 16.43 | 38.47 |
| Test variables | |||||||
| Supply chain officer (0/1) | 0.12 | 0.33 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Covid-19 period (0/1) | 0.25 | 0.43 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 |
| Supply risk exposure (0–1) | 0.59 | 0.22 | 0.29 | 0.36 | 0.66 | 0.75 | 0.91 |
| Demand risk exposure (0–1) | 0.59 | 0.19 | 0.25 | 0.49 | 0.70 | 0.72 | 0.99 |
| Lagged controls | |||||||
| Firm size ($m) | 7,733 | 18,277 | 514 | 1,293 | 2,767 | 6,783 | 84,818 |
| Leverage (%) | 31.54 | 26.07 | 0.00 | 17.94 | 29.26 | 41.29 | 101.90 |
| Sales trend (%) | 5.71 | 17.84 | −44.93 | −1.77 | 4.60 | 11.69 | 63.90 |
| Profitability (%) | 13.70 | 8.73 | −9.03 | 9.15 | 13.00 | 17.17 | 42.72 |
| Mean | SD | P1 | P25 | P50 | P75 | P99 | |
|---|---|---|---|---|---|---|---|
| Sales growth (%) | 2.72 | 18.73 | −53.54 | −4.14 | 3.61 | 10.57 | 51.87 |
| Return on assets (%) | 13.01 | 8.39 | −5.30 | 8.43 | 12.29 | 16.43 | 38.47 |
| Supply chain officer (0/1) | 0.12 | 0.33 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Covid-19 period (0/1) | 0.25 | 0.43 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 |
| Supply risk exposure (0–1) | 0.59 | 0.22 | 0.29 | 0.36 | 0.66 | 0.75 | 0.91 |
| Demand risk exposure (0–1) | 0.59 | 0.19 | 0.25 | 0.49 | 0.70 | 0.72 | 0.99 |
| Firm size ($m) | 7,733 | 18,277 | 514 | 1,293 | 2,767 | 6,783 | 84,818 |
| Leverage (%) | 31.54 | 26.07 | 0.00 | 17.94 | 29.26 | 41.29 | 101.90 |
| Sales trend (%) | 5.71 | 17.84 | −44.93 | −1.77 | 4.60 | 11.69 | 63.90 |
| Profitability (%) | 13.70 | 8.73 | −9.03 | 9.15 | 13.00 | 17.17 | 42.72 |
| Correlation matrix | Variable | sg1 | roa | Csco | Covid | Supply | Demand |
|---|---|---|---|---|---|---|---|
| Sales growth | sg1 | 1.00 | |||||
| Return on assets | roa | 0.27 | 1.00 | ||||
| Supply chain officer | csco | −0.04 | 0.05 | 1.00 | |||
| Covid-19 period | covid | −0.26 | −0.12 | 0.01 | 1.00 | ||
| Supply risk exposure | supply | −0.02 | −0.07 | −0.08 | −0.01 | 1.00 | |
| Demand risk exposure | demand | −0.05 | −0.06 | 0.04 | −0.01 | 0.70 | 1.00 |
| Correlation matrix | Variable | sg1 | roa | Csco | Covid | Supply | Demand |
|---|---|---|---|---|---|---|---|
| Sales growth | 1.00 | ||||||
| Return on assets | 0.27 | 1.00 | |||||
| Supply chain officer | −0.04 | 0.05 | 1.00 | ||||
| Covid-19 period | −0.26 | −0.12 | 0.01 | 1.00 | |||
| Supply risk exposure | −0.02 | −0.07 | −0.08 | −0.01 | 1.00 | ||
| Demand risk exposure | −0.05 | −0.06 | 0.04 | −0.01 | 0.70 | 1.00 |
Note(s): See the Appendix for variable definitions
Source(s): Created by authors
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