Table 1. Descriptive statistics...

Table 1.

Descriptive statistics

Variables	N	Mean	Std.	P25	Median	P75
Panel A: Dependent variables
Total climate risk disclosure	2,975	0.106	0.121	0.000	0.063	0.148
Physical climate risk disclosure	2,975	0.029	0.034	0.000	0.020	0.051
Transition climate risk disclosure	2,975	0.068	0.100	0.000	0.017	0.098
Panel B: Independent variables
Co-option	2,975	0.421	0.279	0.200	0.400	0.636
Co-option (TW)	2,975	0.242	0.260	0.043	0.145	0.359
Co-option (Independence)	2,975	0.367	0.252	0.167	0.333	0.556
Co-option (TW Independence)	2,975	0.204	0.215	0.033	0.123	0.317
Panel C: Control variables
BGD	2,975	0.183	0.091	0.111	0.182	0.231
Ln_BSIZE	2,975	2.390	0.180	2.303	2.398	2.485
CEO Board Member	2,975	0.955	0.207	1.000	1.000	1.000
GOV Index	2,975	0.617	0.206	0.484	0.647	0.781
ROA	2,975	0.052	0.077	0.025	0.054	0.086
Sales Growth	2,975	0.043	0.171	−0.021	0.035	0.097
MTB	2,975	1.747	0.781	1.212	1.528	2.021
Ln_Firm Size	2,975	9.451	1.101	8.622	9.401	10.288
CAPX_AT	2,975	0.049	0.048	0.020	0.037	0.062
Leverage	2,975	0.295	0.162	0.181	0.273	0.381
Cash holding	2,975	0.101	0.104	0.029	0.068	0.137
R&D_AT	2,975	0.014	0.026	0.000	0.000	0.020
M&A	2,975	0.311	0.463	0.000	0.000	1.000
Ln FAGE	2,975	2.174	1.372	0.693	2.773	3.045

Variables	N	Mean	Std.	P25	Median	P75
Panel A: Dependent variables
Total climate risk disclosure	2,975	0.106	0.121	0.000	0.063	0.148
Physical climate risk disclosure	2,975	0.029	0.034	0.000	0.020	0.051
Transition climate risk disclosure	2,975	0.068	0.100	0.000	0.017	0.098
Panel B: Independent variables
Co-option	2,975	0.421	0.279	0.200	0.400	0.636
Co-option (TW)	2,975	0.242	0.260	0.043	0.145	0.359
Co-option (Independence)	2,975	0.367	0.252	0.167	0.333	0.556
Co-option (TW Independence)	2,975	0.204	0.215	0.033	0.123	0.317
Panel C: Control variables
BGD	2,975	0.183	0.091	0.111	0.182	0.231
Ln_BSIZE	2,975	2.390	0.180	2.303	2.398	2.485
CEO Board Member	2,975	0.955	0.207	1.000	1.000	1.000
GOV Index	2,975	0.617	0.206	0.484	0.647	0.781
ROA	2,975	0.052	0.077	0.025	0.054	0.086
Sales Growth	2,975	0.043	0.171	−0.021	0.035	0.097
MTB	2,975	1.747	0.781	1.212	1.528	2.021
Ln_Firm Size	2,975	9.451	1.101	8.622	9.401	10.288
CAPX_AT	2,975	0.049	0.048	0.020	0.037	0.062
Leverage	2,975	0.295	0.162	0.181	0.273	0.381
Cash holding	2,975	0.101	0.104	0.029	0.068	0.137
R&D_AT	2,975	0.014	0.026	0.000	0.000	0.020
M&A	2,975	0.311	0.463	0.000	0.000	1.000
Ln FAGE	2,975	2.174	1.372	0.693	2.773	3.045

Notes:

This table displays the descriptive statistics for the variables under study. The sample comprised 2,975 firm-year observations spanning the 2006–2018 period

Source: Developed by the authors

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