Descriptive statistics of key variables (2017–2023)
| Variable | Mean | Std. dev. | Min | Max |
|---|---|---|---|---|
| Market-to-Book Value (MBV) | 1.249 | 0.895 | 0.20 | 5.72 |
| Percentage of Women on Board (%) | 10.43 | 15.21 | 0 | 40.00 |
| Female ≥2 Dummy | 0.188 | 0.392 | 0 | 1 |
| Blau Index (Gender Diversity) | 0.104 | 0.173 | 0 | 0.480 |
| Board Size (Number of directors) | 8.12 | 2.39 | 5 | 14 |
| Board Meetings (per year) | 5.64 | 1.85 | 0 | 12 |
| Firm Size (Log Assets) | 7.89 | 0.83 | 6.0 | 9.6 |
| Firm Age (years) | 22.8 | 14.1 | 2 | 65 |
| Leverage (Debt/Assets) | 0.30 | 0.25 | 0.00 | 0.92 |
| Variable | Mean | Std. dev. | Min | Max |
|---|---|---|---|---|
| Market-to-Book Value (MBV) | 1.249 | 0.895 | 0.20 | 5.72 |
| Percentage of Women on Board (%) | 10.43 | 15.21 | 0 | 40.00 |
| Female ≥2 Dummy | 0.188 | 0.392 | 0 | 1 |
| Blau Index (Gender Diversity) | 0.104 | 0.173 | 0 | 0.480 |
| Board Size (Number of directors) | 8.12 | 2.39 | 5 | 14 |
| Board Meetings (per year) | 5.64 | 1.85 | 0 | 12 |
| Firm Size (Log Assets) | 7.89 | 0.83 | 6.0 | 9.6 |
| Firm Age (years) | 22.8 | 14.1 | 2 | 65 |
| Leverage (Debt/Assets) | 0.30 | 0.25 | 0.00 | 0.92 |
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