Descriptive statistics of all variables
| Variable | Mean | SD | Min. | Max. | Skewness | |
|---|---|---|---|---|---|---|
| Main variables – dependent and independent | ||||||
| 1 | CEP | 30.69 | 25.34 | 0.00 | 89.37 | 0.44 |
| 2 | BOARDBEN | 0.39 | 0.26 | 0.00 | 1.00 | 0.32 |
| 3 | CEOBEN | 0.51 | 0.98 | 0.00 | 9.00 | 2.89 |
| CEO characteristics | ||||||
| 4 | CEODUA | 0.09 | 0.29 | 0.00 | 1.00 | 2.89 |
| 5 | CEOGEN | 0.04 | 0.19 | 0.00 | 1.00 | 4.84 |
| 6 | CEOTEN | 5.19 | 4.55 | 0.00 | 21.00 | 1.49 |
| Characteristics | ||||||
| 7 | ROE | 10.98 | 24.50 | −108.04 | 72.01 | −1.66 |
| 8 | LNCAPEX | −2.61 | 1.26 | −5.84 | 1.11 | 0.28 |
| 9 | LEV | 0.46 | 0.18 | 0.08 | 0.99 | 0.32 |
| 10 | LNTA | 14.29 | 1.62 | 10.30 | 18.88 | 0.15 |
| 11 | MBV | 3.36 | 3.50 | 0.28 | 20.51 | 2.56 |
| 12 | FAGE | 21.94 | 18.67 | 2.00 | 105.00 | 1.91 |
| Board characteristics | ||||||
| 13 | BDIND | 0.67 | 0.19 | 0.13 | 0.94 | −0.91 |
| 14 | BDSIZE | 7.21 | 1.97 | 4.00 | 13.00 | 0.61 |
| 15 | BDDIV | 0.17 | 0.13 | 0.00 | 0.50 | 0.28 |
| Variable | Mean | SD | Min. | Max. | Skewness | |
|---|---|---|---|---|---|---|
| 1 | CEP | 30.69 | 25.34 | 0.00 | 89.37 | 0.44 |
| 2 | BOARDBEN | 0.39 | 0.26 | 0.00 | 1.00 | 0.32 |
| 3 | CEOBEN | 0.51 | 0.98 | 0.00 | 9.00 | 2.89 |
| 4 | CEODUA | 0.09 | 0.29 | 0.00 | 1.00 | 2.89 |
| 5 | CEOGEN | 0.04 | 0.19 | 0.00 | 1.00 | 4.84 |
| 6 | CEOTEN | 5.19 | 4.55 | 0.00 | 21.00 | 1.49 |
| 7 | ROE | 10.98 | 24.50 | −108.04 | 72.01 | −1.66 |
| 8 | LNCAPEX | −2.61 | 1.26 | −5.84 | 1.11 | 0.28 |
| 9 | LEV | 0.46 | 0.18 | 0.08 | 0.99 | 0.32 |
| 10 | LNTA | 14.29 | 1.62 | 10.30 | 18.88 | 0.15 |
| 11 | MBV | 3.36 | 3.50 | 0.28 | 20.51 | 2.56 |
| 12 | FAGE | 21.94 | 18.67 | 2.00 | 105.00 | 1.91 |
| 13 | BDIND | 0.67 | 0.19 | 0.13 | 0.94 | −0.91 |
| 14 | BDSIZE | 7.21 | 1.97 | 4.00 | 13.00 | 0.61 |
| 15 | BDDIV | 0.17 | 0.13 | 0.00 | 0.50 | 0.28 |
Note(s): SD: Standard Deviation. All the variable descriptions are provided in Appendix
Source(s): Authors’ own work
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.