Table 1 Sample description Variable...

Table 1

Sample description

Variable	Observations	Mean	Std. dev	Min	Max
AASSETS	489	23.084	1.670	19.045	26.416
ABSIZE	489	10.943	2.588	4	18
ACAR[−1; +1]	344	0.015	0.115	−0.211	0.361
ACAR[−2; +2]	323	0.015	0.122	−0.206	0.434
AGWCHANGE	489	0.389	1.446	−0.900	8.000
AGWPRE	489	0.026	0.063	0.010	0.540
AIDIR	489	0.739	0.189	0.188	1
AINST	489	0.809	0.095	0.425	1
ALEV	489	0.562	0.193	0.108	1.112
AMKCAP	489	23.089	1.670	18.831	26.482
AMTB	489	3.457	4.772	−10.691	30.291
AROE	489	0.173	0.236	−0.932	1.136
DCASH	489	0.061	0.240	0	1
DCROSS	489	0.342	0.475	0	1
DDIV	489	0.323	0.468	0	1
DMUL	489	0.070	0.255	0	1
DSIZE	489	7.953	1.444	3.797	11.282
DSTOCK	489	0.008	0.090	0	1
TASSETS	489	21.621	1.560	18.165	25.004
TLEV	489	0.278	0.186	0	0.916
TMKCAP	489	22.002	1.744	17.928	27.757
TMTB	489	3.668	6.241	−11.615	46.513
TRESG	489	0.840	0.544	0.070	3.166
TROE	489	0.043	0.441	−2.354	2.118

Variable	Observations	Mean	Std. dev	Min	Max
AASSETS	489	23.084	1.670	19.045	26.416
ABSIZE	489	10.943	2.588	4	18
ACAR[−1; +1]	344	0.015	0.115	−0.211	0.361
ACAR[−2; +2]	323	0.015	0.122	−0.206	0.434
AGWCHANGE	489	0.389	1.446	−0.900	8.000
AGWPRE	489	0.026	0.063	0.010	0.540
AIDIR	489	0.739	0.189	0.188	1
AINST	489	0.809	0.095	0.425	1
ALEV	489	0.562	0.193	0.108	1.112
AMKCAP	489	23.089	1.670	18.831	26.482
AMTB	489	3.457	4.772	−10.691	30.291
AROE	489	0.173	0.236	−0.932	1.136
DCASH	489	0.061	0.240	0	1
DCROSS	489	0.342	0.475	0	1
DDIV	489	0.323	0.468	0	1
DMUL	489	0.070	0.255	0	1
DSIZE	489	7.953	1.444	3.797	11.282
DSTOCK	489	0.008	0.090	0	1
TASSETS	489	21.621	1.560	18.165	25.004
TLEV	489	0.278	0.186	0	0.916
TMKCAP	489	22.002	1.744	17.928	27.757
TMTB	489	3.668	6.241	−11.615	46.513
TRESG	489	0.840	0.544	0.070	3.166
TROE	489	0.043	0.441	−2.354	2.118

Note(s): This table presents the descriptive statistics of the sample of completed M&A deals from 2006 to 2020. Appendix 2 provides definitions of all variables

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