Table 4.

Descriptive statistics

VariablesNMeanMedianSDMinimumMaximum
MtoB1,8402.2431.28817.586−527.5503.92
Included shares1,8380.1490.0000.27501
Voting S1,8400.2730.0000.44601
Consultation S1,8400.1390.0000.34601
Block S1,8400.2340.0000.42301
Purchase S1,8400.0530.0000.22401
Control S1,8400.0690.0000.25401
Opa S1,8400.0110.0000.10601
SAs1,8400.7780.0001.33506
SA_NoV1,8400.5410.0000.94205
Size1,84012.71612.6031.8213.82918.302
Leverage1,8400.5230.5070.3800.0015.892
LargeSH1,8400.4610.5000.1900.0390.995
ROA1,8400.055−0.0033.391−50.03164.795
Note(s):

See Table 2 for variable definitions

Source(s): Table created by authors

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