Descriptive statistics of variables
| Variable | N | Mean | SD | Q1 | Median | Q3 |
|---|---|---|---|---|---|---|
| LAF | 10,233 | 14.826 | 0.941 | 14.160 | 14.771 | 15.458 |
| LAF ($US million) | 10,233 | 4.304 | 4.619 | 1.411 | 2.600 | 5.167 |
| LNPEN | 10,233 | 4.325 | 5.949 | 0.000 | 0.000 | 10.101 |
| LNPEN ($US million) | 10,233 | 2.465 | 12.794 | 0.000 | 0.000 | 0.024 |
| LNNUM | 10,233 | 0.439 | 0.671 | 0.000 | 0.000 | 0.693 |
| LNNUM (number) | 10,233 | 1.224 | 2.772 | 0.000 | 0.000 | 1.000 |
| LIQ | 10,233 | 2.338 | 1.473 | 1.378 | 1.940 | 2.798 |
| CA_TA | 10,233 | 0.438 | 0.192 | 0.293 | 0.432 | 0.576 |
| INVREC | 10,233 | 0.246 | 0.145 | 0.133 | 0.228 | 0.330 |
| ROA | 10,233 | 0.111 | 0.086 | 0.061 | 0.102 | 0.152 |
| LOSS | 10,233 | 0.064 | 0.244 | 0.000 | 0.000 | 0.000 |
| INTANG | 10,233 | 0.259 | 0.208 | 0.076 | 0.222 | 0.403 |
| GC | 10,233 | 0.000 | 0.020 | 0.000 | 0.000 | 0.000 |
| MW | 10,233 | 0.023 | 0.151 | 0.000 | 0.000 | 0.000 |
| RESTATE | 10,233 | 0.009 | 0.095 | 0.000 | 0.000 | 0.000 |
| LEV | 10,233 | 0.240 | 0.178 | 0.098 | 0.230 | 0.349 |
| Z | 10,233 | 4.608 | 3.799 | 2.439 | 3.615 | 5.375 |
| SIZE | 10,233 | 8.224 | 1.553 | 7.074 | 8.079 | 9.293 |
| SIZE ($US million) | 10,233 | 15,398 | 35,587 | 1,180 | 3,227 | 10,867 |
| MERGER | 10,233 | 0.562 | 0.496 | 0.000 | 1.000 | 1.000 |
| FRGN | 10,233 | 0.692 | 0.462 | 0.000 | 1.000 | 1.000 |
| LNSEG | 10,233 | 1.924 | 0.641 | 1.386 | 1.946 | 2.485 |
| LNSEG (number) | 10,233 | 7.348 | 5.071 | 3.000 | 6.000 | 11.000 |
| LNGEO | 10,233 | 2.069 | 0.659 | 1.609 | 1.946 | 2.565 |
| LNGEO (number) | 10,233 | 8.807 | 6.808 | 4.000 | 6.000 | 12.000 |
| BUSY | 10,233 | 0.643 | 0.479 | 0.000 | 1.000 | 1.000 |
| BIG4 | 10,233 | 0.935 | 0.247 | 1.000 | 1.000 | 1.000 |
| SP | 10,233 | 0.053 | 0.224 | 0.000 | 0.000 | 0.000 |
| LNTENURE | 10,233 | 2.311 | 0.615 | 2.079 | 2.398 | 2.773 |
| LNTENURE (years) | 10,233 | 11.642 | 5.203 | 8.000 | 11.000 | 16.000 |
| AUD_CH | 10,233 | 0.020 | 0.140 | 0.000 | 0.000 | 0.000 |
| LNAF | 10,233 | 12.779 | 1.732 | 11.780 | 12.904 | 13.998 |
| LNAF ($US million) | 10,233 | 1.073 | 1.689 | 0.131 | 0.402 | 1.200 |
| DUAL | 10,233 | 0.495 | 0.500 | 0.000 | 0.000 | 1.000 |
| CEOEXP | 10,233 | 0.002 | 0.048 | 0.000 | 0.000 | 0.000 |
| Variable | Mean | Q1 | Median | Q3 | ||
|---|---|---|---|---|---|---|
| 10,233 | 14.826 | 0.941 | 14.160 | 14.771 | 15.458 | |
| 10,233 | 4.304 | 4.619 | 1.411 | 2.600 | 5.167 | |
| 10,233 | 4.325 | 5.949 | 0.000 | 0.000 | 10.101 | |
| 10,233 | 2.465 | 12.794 | 0.000 | 0.000 | 0.024 | |
| 10,233 | 0.439 | 0.671 | 0.000 | 0.000 | 0.693 | |
| 10,233 | 1.224 | 2.772 | 0.000 | 0.000 | 1.000 | |
| 10,233 | 2.338 | 1.473 | 1.378 | 1.940 | 2.798 | |
| CA_TA | 10,233 | 0.438 | 0.192 | 0.293 | 0.432 | 0.576 |
| 10,233 | 0.246 | 0.145 | 0.133 | 0.228 | 0.330 | |
| 10,233 | 0.111 | 0.086 | 0.061 | 0.102 | 0.152 | |
| 10,233 | 0.064 | 0.244 | 0.000 | 0.000 | 0.000 | |
| 10,233 | 0.259 | 0.208 | 0.076 | 0.222 | 0.403 | |
| 10,233 | 0.000 | 0.020 | 0.000 | 0.000 | 0.000 | |
| 10,233 | 0.023 | 0.151 | 0.000 | 0.000 | 0.000 | |
| RESTATE | 10,233 | 0.009 | 0.095 | 0.000 | 0.000 | 0.000 |
| 10,233 | 0.240 | 0.178 | 0.098 | 0.230 | 0.349 | |
| Z | 10,233 | 4.608 | 3.799 | 2.439 | 3.615 | 5.375 |
| 10,233 | 8.224 | 1.553 | 7.074 | 8.079 | 9.293 | |
| 10,233 | 15,398 | 35,587 | 1,180 | 3,227 | 10,867 | |
| 10,233 | 0.562 | 0.496 | 0.000 | 1.000 | 1.000 | |
| 10,233 | 0.692 | 0.462 | 0.000 | 1.000 | 1.000 | |
| 10,233 | 1.924 | 0.641 | 1.386 | 1.946 | 2.485 | |
| 10,233 | 7.348 | 5.071 | 3.000 | 6.000 | 11.000 | |
| 10,233 | 2.069 | 0.659 | 1.609 | 1.946 | 2.565 | |
| 10,233 | 8.807 | 6.808 | 4.000 | 6.000 | 12.000 | |
| 10,233 | 0.643 | 0.479 | 0.000 | 1.000 | 1.000 | |
| BIG4 | 10,233 | 0.935 | 0.247 | 1.000 | 1.000 | 1.000 |
| 10,233 | 0.053 | 0.224 | 0.000 | 0.000 | 0.000 | |
| LNTENURE | 10,233 | 2.311 | 0.615 | 2.079 | 2.398 | 2.773 |
| LNTENURE (years) | 10,233 | 11.642 | 5.203 | 8.000 | 11.000 | 16.000 |
| AUD_CH | 10,233 | 0.020 | 0.140 | 0.000 | 0.000 | 0.000 |
| 10,233 | 12.779 | 1.732 | 11.780 | 12.904 | 13.998 | |
| 10,233 | 1.073 | 1.689 | 0.131 | 0.402 | 1.200 | |
| 10,233 | 0.495 | 0.500 | 0.000 | 0.000 | 1.000 | |
| 10,233 | 0.002 | 0.048 | 0.000 | 0.000 | 0.000 |
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