Table 3. Descriptive statistics of...

Table 3.

Descriptive statistics of variables

	Pre-IFRS 9			Post-IFRS 9			Pre-IFRS 9			Post-IFRS 9
	Non-Fin firms (n = 289)			Non-Fin firms (n = 304)			Fin firms (n = 148)			Fin firms (n = 152)
	Mean	Median	SD	Mean	Median	SD	Mean	Median	SD	Mean	Median	SD
Panel A: Descriptive statistics for variables used in the determinants study
EFAamt	0.030	0.007	0.058	0.030	0.005	0.068	0.373	0.130	0.396	0.382	0.147	0.403
EFAeffect	0.083	0.003	0.325	0.085	0.002	0.257	0.356	0.000	0.825	0.365	0.000	0.813
LEV	0.378	0.371	0.205	0.392	0.390	0.201	0.445	0.222	0.363	0.452	0.363	0.356
CEOCOMP	0.381	0.414	0.245	0.420	0.474	0.226	0.340	0.367	0.285	0.300	0.351	0.260
LogTA	20.515	20.665	2.290	21.054	21.205	2.042	21.815	20.831	2.635	21.951	20.935	2.606
ROEadj	−0.042	0.079	0.448	0.010	0.077	0.298	0.107	0.083	0.120	0.084	0.067	0.119
ACIND	78.588	100.000	30.730	84.467	100.000	24.778	86.597	100.000	19.013	86.162	100.000	22.428
ANALYST	6.377	5.000	5.757	6.711	6.000	4.945	6.047	2.000	6.791	5.454	2.000	6.090
Dichotomous variables
	Yes	%		Yes	%		Yes	%		Yes	%
FVTOCI	191	66.1		171	56.3		80	54.1		76	50.0
EFAmeas	76	26.3		103	33.9		39	26.4		53	34.9
BIG4	231	79.9		262	86.2		126	85.1		133	87.5
Panel B: Descriptive statistics for variables used in the value relevance study
Price	6.315	2.627	13.270	8.027	2.980	14.521	11.903	5.075	18.393	12.897	4.345	22.083
BVE_S	3.324	1.481	6.702	4.090	1.872	7.123	6.923	2.775	9.999	7.354	2.965	10.745
AmtEFA_S	0.156	0.010	0.539	0.193	0.014	1.016	3.101	1.049	5.899	3.016	1.288	5.434
CI_S	0.278	0.118	0.854	0.424	0.102	1.124	0.799	0.288	1.370	0.690	0.230	1.316
OCIEFA_S	0.001	0.000	0.045	−0.007	0.000	0.062	0.025	0.000	0.146	0.008	0.000	0.102
PLEFA_S	0.000	0.000	0.005	0.002	0.000	0.026	0.013	0.000	0.058	0.012	0.000	0.064

	Pre-IFRS 9			Post-IFRS 9			Pre-IFRS 9			Post-IFRS 9
	Non-Fin firms (n = 289)			Non-Fin firms (n = 304)			Fin firms (n = 148)			Fin firms (n = 152)
	Mean	Median	SD	Mean	Median	SD	Mean	Median	SD	Mean	Median	SD
Panel A: Descriptive statistics for variables used in the determinants study
EFAamt	0.030	0.007	0.058	0.030	0.005	0.068	0.373	0.130	0.396	0.382	0.147	0.403
EFAeffect	0.083	0.003	0.325	0.085	0.002	0.257	0.356	0.000	0.825	0.365	0.000	0.813
LEV	0.378	0.371	0.205	0.392	0.390	0.201	0.445	0.222	0.363	0.452	0.363	0.356
CEOCOMP	0.381	0.414	0.245	0.420	0.474	0.226	0.340	0.367	0.285	0.300	0.351	0.260
LogTA	20.515	20.665	2.290	21.054	21.205	2.042	21.815	20.831	2.635	21.951	20.935	2.606
ROEadj	−0.042	0.079	0.448	0.010	0.077	0.298	0.107	0.083	0.120	0.084	0.067	0.119
ACIND	78.588	100.000	30.730	84.467	100.000	24.778	86.597	100.000	19.013	86.162	100.000	22.428
ANALYST	6.377	5.000	5.757	6.711	6.000	4.945	6.047	2.000	6.791	5.454	2.000	6.090
Dichotomous variables
	Yes	%		Yes	%		Yes	%		Yes	%
FVTOCI	191	66.1		171	56.3		80	54.1		76	50.0
EFAmeas	76	26.3		103	33.9		39	26.4		53	34.9
BIG4	231	79.9		262	86.2		126	85.1		133	87.5
Panel B: Descriptive statistics for variables used in the value relevance study
Price	6.315	2.627	13.270	8.027	2.980	14.521	11.903	5.075	18.393	12.897	4.345	22.083
BVE_S	3.324	1.481	6.702	4.090	1.872	7.123	6.923	2.775	9.999	7.354	2.965	10.745
AmtEFA_S	0.156	0.010	0.539	0.193	0.014	1.016	3.101	1.049	5.899	3.016	1.288	5.434
CI_S	0.278	0.118	0.854	0.424	0.102	1.124	0.799	0.288	1.370	0.690	0.230	1.316
OCIEFA_S	0.001	0.000	0.045	−0.007	0.000	0.062	0.025	0.000	0.146	0.008	0.000	0.102
PLEFA_S	0.000	0.000	0.005	0.002	0.000	0.026	0.013	0.000	0.058	0.012	0.000	0.064

Source(s): Table by authors

Sharing Unavailable