Table 4

Descriptive statistics and normality analysis

VariableObservation (N)*Min. (%)Max. (%)Mean (%)STD (%)SkewnessKurtosis
TQ5391.21551.2801780.3722.8610.41157.73
BGD2230.0020.003.355.551.17−0.33
ESG1991.6398.6127.8117.800.911.93
ENV1480.0061.919.6714.801.481.35
SOC1480.0043.869.9111.180.88−0.24
GOV1584.8884.2943.6426.250.04−1.60
AGE5602.0060.0026.7213.520.20−1.23
TLTA5590.00367.691.1115.5323.63558.62
LTA5592.9913.708.322.180.20−0.09

Note(s):N (firm-years) = 560

Source(s): The table is developed by the authors

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