Table 2 Descriptive statistics Variable...

Table 2

Descriptive statistics

Variable	Obs	Mean	Skewness	Kurtosis	Std. dev.	Q25 (25th percentile)	Q5O (50th percentile)	Q75 (75th percentile)
TobinsQ	1,571	0.92	3.35	16.21	1.30	0.24	0.51	1.04
PIA	1,571	0.16	1.57	4.57	0.22	0.00	0.05	0.23
PGW	930	0.13	1.52	4.63	0.17	0.01	0.04	0.20
SIZE	1,571	11.27	0.05	2.73	2.44	9.64	11.31	12.79
CR	1,571	1.96	4.18	22.30	3.43	0.56	0.95	1.75
SGR	1,571	−5.67	−2.38	23.23	89.79	−6.18	1.72	9.24
Zscore	1,571	5.61	7.89	66.00	26.47	0.80	1.59	3.05
LEV	1,571	1.83	3.41	23.49	4.48	0.40	0.99	2.10
ROA	1,571	0.83	−1.44	9.84	13.56	−2.89	1.47	6.04
GFC	1,157	0.13	2.15	5.65	0.33	0.00	0.00	0.00
CoC	1,571	0.13	2.15	5.65	0.33	0.00	0.00	0.00

Variable	Obs	Mean	Skewness	Kurtosis	Std. dev.	Q25 (25th percentile)	Q5O (50th percentile)	Q75 (75th percentile)
TobinsQ	1,571	0.92	3.35	16.21	1.30	0.24	0.51	1.04
PIA	1,571	0.16	1.57	4.57	0.22	0.00	0.05	0.23
PGW	930	0.13	1.52	4.63	0.17	0.01	0.04	0.20
SIZE	1,571	11.27	0.05	2.73	2.44	9.64	11.31	12.79
CR	1,571	1.96	4.18	22.30	3.43	0.56	0.95	1.75
SGR	1,571	−5.67	−2.38	23.23	89.79	−6.18	1.72	9.24
Zscore	1,571	5.61	7.89	66.00	26.47	0.80	1.59	3.05
LEV	1,571	1.83	3.41	23.49	4.48	0.40	0.99	2.10
ROA	1,571	0.83	−1.44	9.84	13.56	−2.89	1.47	6.04
GFC	1,157	0.13	2.15	5.65	0.33	0.00	0.00	0.00
CoC	1,571	0.13	2.15	5.65	0.33	0.00	0.00	0.00

Note(s): TobinsQ stands for Tobin's Q, a measure of firm value; PIA - share of IA in TA; PGW - share of goodwill in TA; SIZE – firm size computed as the natural logarithm of TA; CR - current ratio; SGR - sustainable growth rate; Zscore - stands for Altman Z-Score; LEV - leverage; ROA - Return on Assets; GFC – dummy variable for the global financial crisis; CoC - dummy variable for the COVID-19 pandemic

Source(s): Own elaboration

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