Table 4

Descriptive statistics

VariablesN. Obs.MeanMedianSDMinMax
ROE8,045−0.0110.0410.674−3.8982.857
ROA8,0490.0130.0260.138−0.7030.356
Leverage8,0512.8421.9105.706−16.50640.035
NI/EBIT8,0470.7690.7692.683−14.91613.126
Double negative8,0900.3090.0000.4620.0001.000
Size (log total assets)8,05211.87011.7842.5156.04617.497

Note(s): Number of firms 1,618

Source(s): Author’s own work

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