Table 1 Summary statistics of the IR... | Emerald Publishing

Table 1

Summary statistics of the IR sample for the variables. Full sample and segmentation of the sample according to whether or not there was AC

	Full sample					With AC			Without AC
	N	Mean	Min	Median	Max	N	Mean	Median	N	Mean	Median
IR (%)	51	1.58	−4.34	1.00	7.69	8	2.49	1.71	43	1.41	1.00
Size (million €)	51	148.04	5.91	57.18	1,838.56	8	463.68	226.90	43	89.32	50.00
Age (years)	51	4.31	0.19	2.17	42.27	8	11.60	5.31	43	2.95	2.14
Auditor	51	0.586	0.05	0.63	1.00	8	0.49	0.55	43	0.60	0.63
Executives (%)	51	23.02	0.00	7.14	98.72	8	20.79	3.83	43	23.43	7.88
IGBMRET (%)	51	−1.96	−15.42	−0.26	5.98	8	−0.59	−0.56	43	−2.21	−0.26
DEBT (%)	51	31.27	0.00	33.93	79.14	8	32.24	35.23	43	31.09	33.93

	Full sample					With AC			Without AC
	N	Mean	Min	Median	Max	N	Mean	Median	N	Mean	Median
IR (%)	51	1.58	−4.34	1.00	7.69	8	2.49	1.71	43	1.41	1.00
Size (million €)	51	148.04	5.91	57.18	1,838.56	8	463.68	226.90	43	89.32	50.00
Age (years)	51	4.31	0.19	2.17	42.27	8	11.60	5.31	43	2.95	2.14
Auditor	51	0.586	0.05	0.63	1.00	8	0.49	0.55	43	0.60	0.63
Executives (%)	51	23.02	0.00	7.14	98.72	8	20.79	3.83	43	23.43	7.88
IGBMRET (%)	51	−1.96	−15.42	−0.26	5.98	8	−0.59	−0.56	43	−2.21	−0.26
DEBT (%)	51	31.27	0.00	33.93	79.14	8	32.24	35.23	43	31.09	33.93

Dummy variables
	N	Num. Dummy 0	Num. Dummy 1
AUDITCOMIT	51	43	8
Property	51	38	13
Management	51	42	9
Reference price	41	16	25
PPP	51	30	21
Standard	51	9	42

Note(s): The variables are described in Table A1

Source(s): Table by authors