Descriptive statistics and normality analysis
| Variable | Observation (N)* | Min. (%) | Max. (%) | Mean (%) | STD (%) | Skewness | Kurtosis |
|---|---|---|---|---|---|---|---|
| TQ | 539 | 1.2155 | 1.280178 | 0.37 | 22.86 | 10.41 | 157.73 |
| BGD | 223 | 0.00 | 20.00 | 3.35 | 5.55 | 1.17 | −0.33 |
| ESG | 199 | 1.63 | 98.61 | 27.81 | 17.80 | 0.91 | 1.93 |
| ENV | 148 | 0.00 | 61.91 | 9.67 | 14.80 | 1.48 | 1.35 |
| SOC | 148 | 0.00 | 43.86 | 9.91 | 11.18 | 0.88 | −0.24 |
| GOV | 158 | 4.88 | 84.29 | 43.64 | 26.25 | 0.04 | −1.60 |
| AGE | 560 | 2.00 | 60.00 | 26.72 | 13.52 | 0.20 | −1.23 |
| TLTA | 559 | 0.00 | 367.69 | 1.11 | 15.53 | 23.63 | 558.62 |
| LTA | 559 | 2.99 | 13.70 | 8.32 | 2.18 | 0.20 | −0.09 |
| Variable | Observation ( | Min. (%) | Max. (%) | Mean (%) | STD (%) | Skewness | Kurtosis |
|---|---|---|---|---|---|---|---|
| TQ | 539 | 1.2155 | 1.280178 | 0.37 | 22.86 | 10.41 | 157.73 |
| BGD | 223 | 0.00 | 20.00 | 3.35 | 5.55 | 1.17 | −0.33 |
| ESG | 199 | 1.63 | 98.61 | 27.81 | 17.80 | 0.91 | 1.93 |
| ENV | 148 | 0.00 | 61.91 | 9.67 | 14.80 | 1.48 | 1.35 |
| SOC | 148 | 0.00 | 43.86 | 9.91 | 11.18 | 0.88 | −0.24 |
| GOV | 158 | 4.88 | 84.29 | 43.64 | 26.25 | 0.04 | −1.60 |
| AGE | 560 | 2.00 | 60.00 | 26.72 | 13.52 | 0.20 | −1.23 |
| TLTA | 559 | 0.00 | 367.69 | 1.11 | 15.53 | 23.63 | 558.62 |
| LTA | 559 | 2.99 | 13.70 | 8.32 | 2.18 | 0.20 | −0.09 |
Note(s): N (firm-years) = 560