Table 2 Descriptive statistics Panel A.... | Emerald Publishing

Table 2

Descriptive statistics

Panel A. Descriptive statistics for dividend policy (categorical variable)
Variable	Obs	Mean	Std dev	Skewness	Kurtosis	Frequency
Variable	Obs	Mean	Std dev	Skewness	Kurtosis	“0”	“1”	“2”	“3”
DivMethod	300	1.063	0.932	0.647	(0.376)	90	132	47	31
Div0	300	0.300	0.459	0.877	(1.239)	210	90
Div50	300	0.047	0.211	4.320	16.776	286	14
DivYear	300	0.030	0.171	5.538	28.863	291	9

Panel A. Descriptive statistics for dividend policy (categorical variable)
Variable	Obs	Mean	Std dev	Skewness	Kurtosis	Frequency
Variable	Obs	Mean	Std dev	Skewness	Kurtosis	“0”	“1”	“2”	“3”
DivMethod	300	1.063	0.932	0.647	(0.376)	90	132	47	31
Div0	300	0.300	0.459	0.877	(1.239)	210	90
Div50	300	0.047	0.211	4.320	16.776	286	14
DivYear	300	0.030	0.171	5.538	28.863	291	9

Panel B Descriptive statistics for continuous variables
Variable	Obs	Mean	Std dev	Min	Max	Skewness	Kurtosis	VIF	1/VIF
SDG	300	0.169	0.102	0.026	0.571	1.354	5.111	1.123	0.891
SIZE	300	17.673	1.479	15.304	21.557	0.639	2.600	2.276	0.439
LEV	300	0.590	0.255	0.052	0.998	(0.132)	1.895	4.621	0.216
TobinQ	300	0.829	0.940	0.011	10.840	4.651	44.772	1.600	0.625
ROA	300	0.063	0.081	(0.224)	0.476	0.945	6.564	6.072	0.165
ROE	300	0.128	0.117	(0.825)	0.557	(1.907)	16.190	3.523	0.284
AGE	300	28.600	16.636	9.000	133	2.834	16.426	1.038	0.963
BGD	300	20.627	18.719	0	80	0.588	(0.343)	1.116	0.896

Panel B Descriptive statistics for continuous variables
Variable	Obs	Mean	Std dev	Min	Max	Skewness	Kurtosis	VIF	1/VIF
SDG	300	0.169	0.102	0.026	0.571	1.354	5.111	1.123	0.891
SIZE	300	17.673	1.479	15.304	21.557	0.639	2.600	2.276	0.439
LEV	300	0.590	0.255	0.052	0.998	(0.132)	1.895	4.621	0.216
TobinQ	300	0.829	0.940	0.011	10.840	4.651	44.772	1.600	0.625
ROA	300	0.063	0.081	(0.224)	0.476	0.945	6.564	6.072	0.165
ROE	300	0.128	0.117	(0.825)	0.557	(1.907)	16.190	3.523	0.284
AGE	300	28.600	16.636	9.000	133	2.834	16.426	1.038	0.963
BGD	300	20.627	18.719	0	80	0.588	(0.343)	1.116	0.896

Note(s): Negative numbers are presented in parentheses

Source(s): Authors' own work