Table 4 Descriptive statistics Number of... | Emerald Publishing

Table 4

Descriptive statistics

	Number of observations	Mean	Standard deviation	Minimum	Maximum
Dependent variables
Price-to-book ratio	547	2.462	2.379	0	15.310
Environmental performance (E)	454	49.320	25.040	0	96.200
Social performance (S)	454	56.660	21.290	1.209	96.470
Independent variables – diversity
Gender diversity	531	0.231	0.117	0	0.667
Racial diversity	509	0.347	0.197	0	0.846
Age diversity	510	3.861	1.041	2.000	7.000
Occupation diversity	480	5.310	1.450	2.000	10.000
Board diversity index	425	1.011	0.250	0.422	1.876
Control variables
Board size	555	12.010	2.827	6.000	25.000
Board independence	550	0.593	0.158	0.077	1.000
Leverage	552	0.512	0.328	0.003	2.595
Company size	552	17.750	1.638	11.180	21.990
Sales growth	553	0.090	0.225	−0.540	1.932
Institutional ownership	545	0.246	0.164	0	0.649
Return on assets (ROA)	552	0.076	0.112	−0.336	0.555

	Number of observations	Mean	Standard deviation	Minimum	Maximum
Dependent variables
Price-to-book ratio	547	2.462	2.379	0	15.310
Environmental performance (E)	454	49.320	25.040	0	96.200
Social performance (S)	454	56.660	21.290	1.209	96.470
Independent variables – diversity
Gender diversity	531	0.231	0.117	0	0.667
Racial diversity	509	0.347	0.197	0	0.846
Age diversity	510	3.861	1.041	2.000	7.000
Occupation diversity	480	5.310	1.450	2.000	10.000
Board diversity index	425	1.011	0.250	0.422	1.876
Control variables
Board size	555	12.010	2.827	6.000	25.000
Board independence	550	0.593	0.158	0.077	1.000
Leverage	552	0.512	0.328	0.003	2.595
Company size	552	17.750	1.638	11.180	21.990
Sales growth	553	0.090	0.225	−0.540	1.932
Institutional ownership	545	0.246	0.164	0	0.649
Return on assets (ROA)	552	0.076	0.112	−0.336	0.555

Source(s): Created by authors