Descriptive statistics
| Variables | N. Obs. | Mean | Median | SD | Min | Max |
|---|---|---|---|---|---|---|
| ROE | 1,542 | −0.006 | 0.064 | 0.694 | −3.898 | 2.807 |
| ROA | 1,542 | 0.039 | 0.042 | 0.099 | −0.703 | 0.356 |
| Leverage | 1,542 | 3.650 | 2.412 | 7.261 | −16.405 | 40.038 |
| NI/EBIT | 1,542 | 0.690 | 0.710 | 1.963 | −14.925 | 13.126 |
| Double negative | 1,543 | 0.226 | 0.000 | 0.418 | 0.000 | 1.000 |
| Size (log total assets) | 1,542 | 14.931 | 15.043 | 1.568 | 9.528 | 17.497 |
| ESG score | 1,543 | 48.988 | 50.389 | 19.750 | 1.042 | 92.315 |
| Environmental pillar | 1,543 | 44.904 | 45.476 | 26.576 | 0.000 | 98.919 |
| Social pillar | 1,543 | 50.943 | 51.909 | 22.499 | 0.447 | 97.270 |
| Governance pillar | 1,543 | 50.051 | 51.254 | 22.191 | 1.263 | 96.269 |
| Log(Market capitalization) | 1,490 | 7.602 | 7.690 | 1.636 | 1.292 | 10.570 |
| Variables | N. Obs. | Mean | Median | SD | Min | Max |
|---|---|---|---|---|---|---|
| ROE | 1,542 | −0.006 | 0.064 | 0.694 | −3.898 | 2.807 |
| ROA | 1,542 | 0.039 | 0.042 | 0.099 | −0.703 | 0.356 |
| Leverage | 1,542 | 3.650 | 2.412 | 7.261 | −16.405 | 40.038 |
| NI/EBIT | 1,542 | 0.690 | 0.710 | 1.963 | −14.925 | 13.126 |
| Double negative | 1,543 | 0.226 | 0.000 | 0.418 | 0.000 | 1.000 |
| Size (log total assets) | 1,542 | 14.931 | 15.043 | 1.568 | 9.528 | 17.497 |
| ESG score | 1,543 | 48.988 | 50.389 | 19.750 | 1.042 | 92.315 |
| Environmental pillar | 1,543 | 44.904 | 45.476 | 26.576 | 0.000 | 98.919 |
| Social pillar | 1,543 | 50.943 | 51.909 | 22.499 | 0.447 | 97.270 |
| Governance pillar | 1,543 | 50.051 | 51.254 | 22.191 | 1.263 | 96.269 |
| Log(Market capitalization) | 1,490 | 7.602 | 7.690 | 1.636 | 1.292 | 10.570 |
Note(s): Number of firms 363
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