Table 1 Descriptive statistics Panel A:...

Table 1

Descriptive statistics

Panel A: Descriptive statistics (by countries)
	Firms	Percentage	CSR	ENV	SOC	CSR_COM
Australia	340	22.02	46.822	36.685	40.912	0.358
China	208	13.47	40.615	43.39	38.038	0.282
Hong Kong	164	10.62	42.107	40.389	40.600	0.270
India	88	5.70	53.315	60.874	61.993	0.702
Indonesia	36	2.33	49.559	49.309	63.626	0.378
Japan	367	23.77	50.923	65.587	51.818	0.571
Malaysia	38	2.46	47.369	49.229	56.642	0.547
Philippines	16	1.04	48.433	45.141	51.890	0.270
Singapore	37	2.40	42.532	39.537	43.560	0.305
South Korea	102	6.61	52.924	63.734	57.073	0.595
Taiwan	118	7.64	44.688	56.12	48.544	0.490
Thailand	30	1.94	54.694	55.963	65.872	0.718
	1,544	100.00

Panel A: Descriptive statistics (by countries)
	Firms	Percentage	CSR	ENV	SOC	CSR_COM
Australia	340	22.02	46.822	36.685	40.912	0.358
China	208	13.47	40.615	43.39	38.038	0.282
Hong Kong	164	10.62	42.107	40.389	40.600	0.270
India	88	5.70	53.315	60.874	61.993	0.702
Indonesia	36	2.33	49.559	49.309	63.626	0.378
Japan	367	23.77	50.923	65.587	51.818	0.571
Malaysia	38	2.46	47.369	49.229	56.642	0.547
Philippines	16	1.04	48.433	45.141	51.890	0.270
Singapore	37	2.40	42.532	39.537	43.560	0.305
South Korea	102	6.61	52.924	63.734	57.073	0.595
Taiwan	118	7.64	44.688	56.12	48.544	0.490
Thailand	30	1.94	54.694	55.963	65.872	0.718
	1,544	100.00

Panel B. Descriptive statistics (overall sample)
Variables	N	Mean	Std. Dev.	Min	Median	Max
ROA	12,285	0.039	0.092	−0.446	0.038	0.295
ROE	12,285	0 0.088	0.200	−0.989	0.092	0.786
CSR	12,285	48.243	17.967	5.240	47.84	95.24
ENV	12,285	53.284	32.107	8.450	53.32	97.45
SOC	12,285	48.808	31.394	3.710	46.99	98.89
CSR	12,285	0.482	0.180	0.052	0.478	0.952
ENV	12,285	0.533	0.321	0.084	0.533	0.974
SOC	12,285	0.488	0.314	0.037	0.470	0.989
CSR×CSR_COM	12,285	0.28	0.313	0.000	0.000	0.952
ENV×CSR_COM	12,285	0.35	0.405	0.000	0.000	0.973
SOC×CSR_COM	12,285	0.327	0.387	0.000	0.000	0.989
LEVERAGE	12,285	0.227	0.176	0.000	0.212	0.711
SIZE	12,285	15.322	1.672	10.674	15.384	19.163
GROWTH	12,285	0.098	0.333	−0.624	0.053	1.952
RD	12,285	0.001	0.0003	0.000	0.000	0.004
B_SIZE	12,285	9.95	4.001	1.000	9	37
B_IND	12,285	35.242	25.825	0.000	33.33	100
IQ	12,285	78.16	8.094	54.208	80.625	88.333
GDP	12,285	2.743	2.510	−2.460	2.461	14.53

Panel B. Descriptive statistics (overall sample)
Variables	N	Mean	Std. Dev.	Min	Median	Max
ROA	12,285	0.039	0.092	−0.446	0.038	0.295
ROE	12,285	0 0.088	0.200	−0.989	0.092	0.786
CSR	12,285	48.243	17.967	5.240	47.84	95.24
ENV	12,285	53.284	32.107	8.450	53.32	97.45
SOC	12,285	48.808	31.394	3.710	46.99	98.89
CSR	12,285	0.482	0.180	0.052	0.478	0.952
ENV	12,285	0.533	0.321	0.084	0.533	0.974
SOC	12,285	0.488	0.314	0.037	0.470	0.989
CSR×CSR_COM	12,285	0.28	0.313	0.000	0.000	0.952
ENV×CSR_COM	12,285	0.35	0.405	0.000	0.000	0.973
SOC×CSR_COM	12,285	0.327	0.387	0.000	0.000	0.989
LEVERAGE	12,285	0.227	0.176	0.000	0.212	0.711
SIZE	12,285	15.322	1.672	10.674	15.384	19.163
GROWTH	12,285	0.098	0.333	−0.624	0.053	1.952
RD	12,285	0.001	0.0003	0.000	0.000	0.004
B_SIZE	12,285	9.95	4.001	1.000	9	37
B_IND	12,285	35.242	25.825	0.000	33.33	100
IQ	12,285	78.16	8.094	54.208	80.625	88.333
GDP	12,285	2.743	2.510	−2.460	2.461	14.53

Note(s): Panel A of Table 1 presents a descriptive analysis of our sample countries, including the percentage of firms and the average CSR, ENV and SOC scores for each country. Panel B of the table provides a descriptive analysis of the overall sample, reporting the mean, standard deviation, minimum, median and maximum values for all variables included in the model. The detailed definitions of the variables are provided in Appendix A1

[ViewLarge]

Sharing Unavailable