Table 1 Descriptive statistics for...

Table 1

Descriptive statistics for organizational capital and investment efficiency

Variable	Mean	Std. dev.	Min	Max	25th	75th	Observations
OKTA	0.193	0.206	0.000	1.110	0.054	0.260	5,742
OKTC	0.284	0.325	0.000	1.798	0.080	0.364	5,706
Investment inefficiency	−0.001	0.005	−0.018	0.030	−0.002	0.001	5,161
Size (log)	16.513	1.253	12.735	19.521	15.961	17.354	5,742
ROA	0.010	0.011	−0.110	0.161	0.041	0.101	5,685
Slack	0.144	0.163	0.000	1.000	0.025	0.189	5,712
Tangibility	0.625	0.220	0.067	1.000	0.468	0.835	5,742
Firm age (log)	23.864	12.280	0.000	50.000	14.000	35.000	5,479
Leverage	0.663	0.512	0.106	1.000	0.253	0.564	5,783
Tobin’ Q	0.002	0.002	0.001	0.025	0.008	0.016	5,676
Loss	0.054	0.226	0.000	1.000	0.000	0.000	5,819
Industry-level growth uncertainty	0.127	0.121	0.001	0.704	0.055	0.149	5,797
CEO age	55.763	7.139	21	86	52	61	5,769
CEO gender	0.035	0.182	0.000	1.000	0.000	0.000	5,762
CEO duality (power)	0.472	0.499	0.000	1.000	0.000	0.000	5,783
CEO tenure	6.420	6.347	0.000	49.000	2.000	10.000	5,745
CEO external board seats	2.382	2.450	0.000	29.000	1.000	3.000	5,273
IDD	0.365	0.481	0.000	1.000	0.000	0.000	5,819

Variable	Mean	Std. dev.	Min	Max	25th	75th	Observations
OKTA	0.193	0.206	0.000	1.110	0.054	0.260	5,742
OKTC	0.284	0.325	0.000	1.798	0.080	0.364	5,706
Investment inefficiency	−0.001	0.005	−0.018	0.030	−0.002	0.001	5,161
Size (log)	16.513	1.253	12.735	19.521	15.961	17.354	5,742
ROA	0.010	0.011	−0.110	0.161	0.041	0.101	5,685
Slack	0.144	0.163	0.000	1.000	0.025	0.189	5,712
Tangibility	0.625	0.220	0.067	1.000	0.468	0.835	5,742
Firm age (log)	23.864	12.280	0.000	50.000	14.000	35.000	5,479
Leverage	0.663	0.512	0.106	1.000	0.253	0.564	5,783
Tobin’ Q	0.002	0.002	0.001	0.025	0.008	0.016	5,676
Loss	0.054	0.226	0.000	1.000	0.000	0.000	5,819
Industry-level growth uncertainty	0.127	0.121	0.001	0.704	0.055	0.149	5,797
CEO age	55.763	7.139	21	86	52	61	5,769
CEO gender	0.035	0.182	0.000	1.000	0.000	0.000	5,762
CEO duality (power)	0.472	0.499	0.000	1.000	0.000	0.000	5,783
CEO tenure	6.420	6.347	0.000	49.000	2.000	10.000	5,745
CEO external board seats	2.382	2.450	0.000	29.000	1.000	3.000	5,273
IDD	0.365	0.481	0.000	1.000	0.000	0.000	5,819

Note(s): This table presents the descriptive statistics, including mean, standard deviation, minimum, maximum, 25th and 75th percentiles and number of observations of the empirical data for all the study variables, including the instrumental variable: Industry-level growth uncertainty. All variables are defined in Appendix 1

Source(s): Authors’ own work

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