Table 2 Descriptive statistics of the...

Table 2

Descriptive statistics of the variables used in the analyses

Variables	N	Mean	Median	SD	Min	Max
ESG_it	120,384	6.79	7.00	0.49	4.00	10.00
ENVIRONMENTAL_it	120,384	2.01	2.00	0.08	1.00	3.00
SOCIAL_it	120,384	2.01	2.00	0.12	0.00	3.00
GOVERNANCE_it	120,384	2.01	2.00	0.14	0.00	3.00
CEO_CONV_it	120,384	0.24	0.00	0.43	0.00	1.00
CEO_AGE_it	120,384	49.99	50.00	10.69	18.00	95.00
CEO_MALE_it	120,384	0.84	1.00	0.37	0.00	1.00
CEO_SINGLE_it	120,384	0.26	0.00	0.44	0.00	1.00
CEO_EDU_it	120,384	2.20	2.00	1.45	0.00	5.00
CEO_INCOME_it	120,384	11.24	11.17	0.84	8.88	13.22
CEO_BUS_DEG_it	120,384	0.14	0.00	0.34	0.00	1.00
BOARD_CONV_it	120,384	0.20	0.00	0.34	0.00	1.00
BOARD_AGE_it	120,384	50.51	50.80	11.06	18.00	96.00
BOARD_MALE_it	120,384	0.72	1.00	0.39	0.00	1.00
BOARD_SINGLE_it	120,384	0.30	0.00	0.39	0.00	1.00
BOARD_EDU_it	120,384	2.18	2.00	1.32	0.00	5.00
BOARD_INCOME_it	120,384	11.10	11.03	0.83	8.67	13.56
BOARD_BUS_DEG_it	120,384	0.15	0.00	0.30	0.00	1.00
SIZE_it	120,384	13.66	13.40	1.48	11.55	18.43
EQUITY_it	120,384	0.49	0.50	0.29	0.00	1.00
ROA_it	120,384	0.12	0.09	0.17	−0.38	0.73

Variables	N	Mean	Median	SD	Min	Max
ESG_it	120,384	6.79	7.00	0.49	4.00	10.00
ENVIRONMENTAL_it	120,384	2.01	2.00	0.08	1.00	3.00
SOCIAL_it	120,384	2.01	2.00	0.12	0.00	3.00
GOVERNANCE_it	120,384	2.01	2.00	0.14	0.00	3.00
CEO_CONV_it	120,384	0.24	0.00	0.43	0.00	1.00
CEO_AGE_it	120,384	49.99	50.00	10.69	18.00	95.00
CEO_MALE_it	120,384	0.84	1.00	0.37	0.00	1.00
CEO_SINGLE_it	120,384	0.26	0.00	0.44	0.00	1.00
CEO_EDU_it	120,384	2.20	2.00	1.45	0.00	5.00
CEO_INCOME_it	120,384	11.24	11.17	0.84	8.88	13.22
CEO_BUS_DEG_it	120,384	0.14	0.00	0.34	0.00	1.00
BOARD_CONV_it	120,384	0.20	0.00	0.34	0.00	1.00
BOARD_AGE_it	120,384	50.51	50.80	11.06	18.00	96.00
BOARD_MALE_it	120,384	0.72	1.00	0.39	0.00	1.00
BOARD_SINGLE_it	120,384	0.30	0.00	0.39	0.00	1.00
BOARD_EDU_it	120,384	2.18	2.00	1.32	0.00	5.00
BOARD_INCOME_it	120,384	11.10	11.03	0.83	8.67	13.56
BOARD_BUS_DEG_it	120,384	0.15	0.00	0.30	0.00	1.00
SIZE_it	120,384	13.66	13.40	1.48	11.55	18.43
EQUITY_it	120,384	0.49	0.50	0.29	0.00	1.00
ROA_it	120,384	0.12	0.09	0.17	−0.38	0.73

Notes:

The table presents the descriptive statistics of the variables of all 120,384 firm-year observations involving Finnish limited liability firms during the period 2014–2019. All continuous variables are winsorized at 1 and 99% levels. All variables are defined in Appendix 2

Source: Author’s own work

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