Table 5 Univariate analysis Panel A:... | Emerald Publishing

Table 5

Univariate analysis

Panel A: descriptive statistics on continuous variables for the historical cost and fair value samples
		N	Mean	Std. deviation	Std. error	95% confidence interval
SIZE	Historical cost	238	12.427	1.573	0.102	12.227	12.628
SIZE	Fair value	1,275	13.559	1.875	0.052	13.456	13.662
LEV	Historical cost	238	0.325	0.201	0.013	0.299	0.350
LEV	Fair value	1,275	0.321	0.168	0.005	0.312	0.331
MTBV	Historical cost	238	1.646	1.629	0.106	1.438	1.853
MTBV	Fair value	1,275	0.976	0.767	0.021	0.934	1.018
IP_TA	Historical cost	238	0.603	0.335	0.022	0.560	0.646
IP_TA	Fair value	1,275	0.748	0.283	0.008	0.732	0.763
ACT	Historical cost	238	0.013	1.584	0.103	0.188	0.215
ACT	Fair value	1,275	0.391	1.235	0.035	0.323	0.459

Panel A: descriptive statistics on continuous variables for the historical cost and fair value samples
		N	Mean	Std. deviation	Std. error	95% confidence interval
SIZE	Historical cost	238	12.427	1.573	0.102	12.227	12.628
SIZE	Fair value	1,275	13.559	1.875	0.052	13.456	13.662
LEV	Historical cost	238	0.325	0.201	0.013	0.299	0.350
LEV	Fair value	1,275	0.321	0.168	0.005	0.312	0.331
MTBV	Historical cost	238	1.646	1.629	0.106	1.438	1.853
MTBV	Fair value	1,275	0.976	0.767	0.021	0.934	1.018
IP_TA	Historical cost	238	0.603	0.335	0.022	0.560	0.646
IP_TA	Fair value	1,275	0.748	0.283	0.008	0.732	0.763
ACT	Historical cost	238	0.013	1.584	0.103	0.188	0.215
ACT	Fair value	1,275	0.391	1.235	0.035	0.323	0.459

Panel B: independent samples t-test
						t-test for equality of means
Variable	Mean difference	Std. error difference	95% Conf. interval of the difference		t	df	Sig. (2-Tailed)
Variable			Lower	Upper			Sig. (2-Tailed)
SIZE
unequal variances	−1.132	0.115	−1.357	−0.906	−9.866	374.349	0.0000
LEV
unequal variances	0.003	0.014	−0.024	0.030	0.236	302.323	0.8136
MTBV
unequal variances	0.669	0.108	0.457	0.881	6.2105	256.969	0.0000
IP_TA
unequal variances	−0.145	0.023	−0.190	−0.099	−6.257	303.354	0.0000
ACT
unequal variances	−0.377	0.108	−0.591	−0.165	−3.487	293.131	0.0006

Panel B: independent samples t-test
						t-test for equality of means
Variable	Mean difference	Std. error difference	95% Conf. interval of the difference		t	df	Sig. (2-Tailed)
Variable			Lower	Upper			Sig. (2-Tailed)
SIZE
unequal variances	−1.132	0.115	−1.357	−0.906	−9.866	374.349	0.0000
LEV
unequal variances	0.003	0.014	−0.024	0.030	0.236	302.323	0.8136
MTBV
unequal variances	0.669	0.108	0.457	0.881	6.2105	256.969	0.0000
IP_TA
unequal variances	−0.145	0.023	−0.190	−0.099	−6.257	303.354	0.0000
ACT
unequal variances	−0.377	0.108	−0.591	−0.165	−3.487	293.131	0.0006

Source(s): Author’s own work