Table 2 Descriptive statistics Variable...

Table 2

Descriptive statistics

Variable	Observations	Mean	Std. Dev	1st Quartile	Median	3rd Quartile
CSR_PERF	27,966	0.342	0.218	0.182	0.300	0.462
SUSTCOM	27,966	0.071	0.256	0.000	0.000	0.000
SUSTPAY	11,684	0.181	0.385	0.000	0.000	0.000
STAKE	11,684	0.308	0.462	0.000	0.000	1.000
SUSTQUAL	11,684	0.194	0.396	0.000	0.000	0.000
COMSIZE (in number)	1,974	5.015	1.753	4.000	5.000	6.000
GENDER	1,974	0.214	0.180	0.000	0.200	0.333
COMTEN (in years)	1,974	6.821	3.408	4.433	6.400	8.820
AGE	1,974	4.292	0.074	4.248	4.293	4.344
QUAL (in number)	1,974	2.382	0.666	2.000	2.333	2.750
OVLP	1,974	0.732	0.443	0.000	1.000	1.000
FSIZE	27,966	7.440	1.562	6.307	7.278	8.422
LEV	27,966	0.236	0.234	0.038	0.205	0.353
MB	27,966	2.139	1.709	1.220	1.624	2.414
ROA	27,966	0.026	0.157	0.011	0.044	0.083
FIN	27,966	0.046	0.293	−0.039	−0.001	0.037
COMPET	27,966	0.522	2.963	−0.621	0.857	2.425
GLOBAL	27,966	0.465	0.499	0.000	0.000	1.000
LIQUID	27,966	2.359	1.714	1.190	1.899	3.003
LITG	27,966	0.303	0.459	0.000	0.000	1.000
FAGE	27,966	2.966	0.754	2.398	2.996	3.638
CAPEX	27,966	0.115	0.398	0.019	0.036	0.076
EM	27,966	0.086	0.114	0.025	0.055	0.106
CGOV	27,966	0.564	0.239	0.500	0.500	0.667

Variable	Observations	Mean	Std. Dev	1st Quartile	Median	3rd Quartile
CSR_PERF	27,966	0.342	0.218	0.182	0.300	0.462
SUSTCOM	27,966	0.071	0.256	0.000	0.000	0.000
SUSTPAY	11,684	0.181	0.385	0.000	0.000	0.000
STAKE	11,684	0.308	0.462	0.000	0.000	1.000
SUSTQUAL	11,684	0.194	0.396	0.000	0.000	0.000
COMSIZE (in number)	1,974	5.015	1.753	4.000	5.000	6.000
GENDER	1,974	0.214	0.180	0.000	0.200	0.333
COMTEN (in years)	1,974	6.821	3.408	4.433	6.400	8.820
AGE	1,974	4.292	0.074	4.248	4.293	4.344
QUAL (in number)	1,974	2.382	0.666	2.000	2.333	2.750
OVLP	1,974	0.732	0.443	0.000	1.000	1.000
FSIZE	27,966	7.440	1.562	6.307	7.278	8.422
LEV	27,966	0.236	0.234	0.038	0.205	0.353
MB	27,966	2.139	1.709	1.220	1.624	2.414
ROA	27,966	0.026	0.157	0.011	0.044	0.083
FIN	27,966	0.046	0.293	−0.039	−0.001	0.037
COMPET	27,966	0.522	2.963	−0.621	0.857	2.425
GLOBAL	27,966	0.465	0.499	0.000	0.000	1.000
LIQUID	27,966	2.359	1.714	1.190	1.899	3.003
LITG	27,966	0.303	0.459	0.000	0.000	1.000
FAGE	27,966	2.966	0.754	2.398	2.996	3.638
CAPEX	27,966	0.115	0.398	0.019	0.036	0.076
EM	27,966	0.086	0.114	0.025	0.055	0.106
CGOV	27,966	0.564	0.239	0.500	0.500	0.667

Note(s): All variables are defined in Appendix

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