Table 2

Descriptive statistics

VariableObsMeanStd. DevMinMax
ROA2107.220149.15357−2.5253.65
EPS21011.004817.6992−4.13122.9
ACSIZE2103.709520.8619637
ACIND21039.663915.480414.2975
ACEXPERT21035.901614.741514.2980
ACMEET2105.261912.11012412
BIG42100.36190.481701
FAGE21037.125.77318149
FSIZE (In Million)210123,753283,796942.782,032,331
LEV2100.534240.22070.040.89

Note(s): All values are presented as raw values, not natural logarithm

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