Descriptive statistics
| Variable | Mean | Median | SD | Minimum | Maximum |
|---|---|---|---|---|---|
| Leverage | 67.00443 | 64.68084 | 28.08109 | 0 | 742.3808 |
| Rating | 2.641096 | 3 | 1.362492 | 1 | 7 |
| Femaleboard | 15.84137 | 1 | 0.4951254 | 0 | 1 |
| Bequitable | 0.6569358 | 1 | 0.4747489 | 0 | 1 |
| Boardindep | 50.36043 | 50 | 18.40379 | 0 | 93.33 |
| Duality | 0.6488454 | 1 | 0.4773611 | 0 | 1 |
| Interestcoverage | 26.2557 | 4.05188 | 509.58690 | −4544.125 | 34,760 |
| Loss | 0.03753 | 0 | 0.19007 | 0 | 1 |
| Tangibility | 0.30366 | 0.20057 | 0.27872 | 0 | 0.91783 |
| ROA | 0.0682313 | 0.0660674 | 0.1330499 | −5.537217 | 1.951352 |
| Size | 7.826457 | 7.785287 | 1.629001 | −5.115996 | 13.08885 |
| MtB | 4,089.692 | 202.9389 | 3,55879.6 | −89,2602.1 | 1,020,719 |
| Audit | 0.8575342 | 1 | 0.3495392 | 0 | 1 |
| Financial | 0.21096 | 0 | 0.40800 | 0 | 1 |
| Grade | 0.314726 | 0 | 0.4644226 | 0 | 1 |
| Variable | Mean | Median | SD | Minimum | Maximum |
|---|---|---|---|---|---|
| 67.00443 | 64.68084 | 28.08109 | 0 | 742.3808 | |
| 2.641096 | 3 | 1.362492 | 1 | 7 | |
| 15.84137 | 1 | 0.4951254 | 0 | 1 | |
| 0.6569358 | 1 | 0.4747489 | 0 | 1 | |
| 50.36043 | 50 | 18.40379 | 0 | 93.33 | |
| 0.6488454 | 1 | 0.4773611 | 0 | 1 | |
| 26.2557 | 4.05188 | 509.58690 | −4544.125 | 34,760 | |
| 0.03753 | 0 | 0.19007 | 0 | 1 | |
| 0.30366 | 0.20057 | 0.27872 | 0 | 0.91783 | |
| 0.0682313 | 0.0660674 | 0.1330499 | −5.537217 | 1.951352 | |
| 7.826457 | 7.785287 | 1.629001 | −5.115996 | 13.08885 | |
| 4,089.692 | 202.9389 | 3,55879.6 | −89,2602.1 | 1,020,719 | |
| 0.8575342 | 1 | 0.3495392 | 0 | 1 | |
| 0.21096 | 0 | 0.40800 | 0 | 1 | |
| 0.314726 | 0 | 0.4644226 | 0 | 1 |
Source(s): Authors’ own work
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