Table 12. Descriptive statistics of...

Table 12.

Descriptive statistics of winsorized variables

Variables	N	Mean	Median	SD	Minimum	Maximum
MtoB 95	1,840	1.995	1.288	1.989	0.188	7.733
Size 95	1,840	12.707	12.603	1.602	9.992	15.859
Leverage 95	1,840	0.493	0.507	0.222	0.070	0.894
LargeSH 95	1,840	0.460	0.500	0.179	0.1421	0.7606
ROA 95	1,840	−0.013	−0.003	0.169	−0.546	0.366

Variables	N	Mean	Median	SD	Minimum	Maximum
MtoB 95	1,840	1.995	1.288	1.989	0.188	7.733
Size 95	1,840	12.707	12.603	1.602	9.992	15.859
Leverage 95	1,840	0.493	0.507	0.222	0.070	0.894
LargeSH 95	1,840	0.460	0.500	0.179	0.1421	0.7606
ROA 95	1,840	−0.013	−0.003	0.169	−0.546	0.366

Note(s):

This table reports descriptive statistics for the main variables used in the analysis after winsorization at the 5th and 95th percentiles

Source(s): Table created by authors

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